(MENAFN- ProactiveInvestors)The Times Greek stand-off 'pushing banks to the edge': Greek banks are at 'five minutes to midnight' Germany's Bundesbank has warned raising the prospect of capital controls to stem a haemorrhage of deposits if the government cannot strike a deal with creditors imminently. Manchester airport invests for long haul: Britain's biggest airport outside the south-east will be given a £1 billion revamp as part of a ten-year plan to attract more passengers. Pru's surprise promotions are just the job on boss's first day: The chief executive at Prudential tried to send out a message of stability on his first day in the job by promoting several senior executives including Barry Stowe the long-serving boss in Asia who moves to North America. Minister calls for Big Six to cut energy bills: The energy secretary has written to the 'Big Six' providers demanding they pass on a 20% cut in wholesale gas and electricity costs to consumers. Morrisons to lose place at top table: The decline of Wm Morrison looks set to be underlined if as expected it is demoted from the FTSE 100. Councils own hundreds of pubs restaurants and golf courses: Local authorities across Britain have been urged to sell off valuable assets after it was revealed that they possess a huge variety of properties including 580 restaurants 380 pubs and 190 shopping centres. The Independent Gaming software tycoon Teddy Sagi makes rescue bid for Plus500: The Israeli gaming tycoon Teddy Sagi swooped in a £460 million rescue takeover of the troubled spread-betting firm Plus500. New signs of Syriza splits as Greece moves closer to default: Fresh divisions opened up in the Greek government on Monday night after the administration's nominated representative to the International Monetary Fund was forced to step down following a revolt from within the Syriza Party. Intel seals US$17 billion deal to buy Altera: The microchip giant Intel has agreed to buy its smaller rival Altera in a bid worth US$16.7 billion (£11 billion) in the latest wave of consolidation in the industry. Tom Hayes Libor trial: Trader changed his mind on deal jury told: The former Libor trader Tom Hayes has been accused of using 'smokescreens and red herrings' after he had second thoughts about a deal where he agreed to help the prosecution. The Daily Telegraph Creditor powers convene emergency Berlin summit as Greek endgame approaches: Greece's creditor powers convened a late-night emergency summit in Berlin on Monday amid talks the debtor could be handed an ultimatum deal from lenders over its Eurozone future. Germany dominance over as demographic crunch worsens: Germany's birth rate has collapsed to the lowest level in the world and its workforce will start plunging at a faster rate than Japan's by the early 2020s seriously threatening the long-term viability of Europe's leading economy. British American Tobacco ordered to pay £5.5 billion to smokers: British American Tobacco has been ordered to pay C$10.5 billion (£5.5 billion) to nearly one million smokers who claimed they were never warned about the health risks. Shell and BP call for international carbon pricing deal: Europe's biggest oil companies including Royal Dutch Shell and BP have written an open letter calling for a binding global system of carbon trading in a bid to head off climate change critics. France's Alstom focuses on commuter comfort to win HS2 train contracts: France's Alstom has revealed it is building a range of more commuter-friendly trains in a bid to win the UK's High Speed Two (HS2) rail contracts. Russian bear will roar once more says World Bank: The World Bank is seeing some improvement in Russia's battered economy predicting it would shrink by 2.7% this year and return to growth of 0.7% in 2016. ITV buys Poldark producer Mammoth: ITV has acquired the maker of the BBC's recent Poldark adaptation Mammoth Screen as part of an effort to strengthen the drama side of its production arm. Opec: we were right not to cut oil supply despite price slump: Opec's strategy of not cutting production in order to maintain market share is working Saudi Arabia's oil Minister said as he arrived for a meeting of the cartel to decide on output levels. KFC sues Chinese companies after rumours its chickens have six wings and eight legs: Kentucky Fried Chicken has filed a lawsuit against three companies in China whose social media accounts spread false claims about its food including that its chickens have eight legs. Questor: Hold SVG Capital sell Plus500. The Guardian UK financial system needs urgent overhaul says think-tank: The UK's financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis according to a think-tank. EU leaders stage late-night mini-summit to try to defuse Greek crisis: The German chancellor Angela Merkel moved to try to defuse Greece's financial and European crisis late on Monday converting a routine long-scheduled meeting with French and EU leaders into a mini-summit on Greece. Jamie Oliver's restaurant business asks investment groups to consider a stake: The private equity firm behind the Agent Provocateur lingerie chain and Hobbs shoes is contemplating a slice of Jamie Oliver after the celebrity chef's restaurant business was put on the menu for a total value of £200 million. UK house prices set to surge over rest of 2015 as election uncertainty clears: Boom conditions are back in the UK housing market and prices look set for a new surge before the end of the year after the Conservative election victory has galvanised buyers and sellers. Daily Mail Shock sale of Plus500 after shares plummet sees directors set for £160 million windfall: The directors of Plus500 are set for a £160 million windfall after agreeing to sell the company in a shock move that came on the same day they issued a profits warning. HSBC 'to cut up to 20000 jobs' in wake of Swiss bank accounts tax-dodging allegations: HSBC is poised to unveil plans to cut thousands more jobs in its international empire as the scandal-hit lender struggles to knock its business back into shape. Anti-cancer treatments success gives boost to shares in AstraZeneca on hopes for drugs pipeline: Shares in drug giant AstraZeneca jumped 2% higher boosted by news of the success of anti-cancer drugs. Daily Express Greece is first victim of 'monstrous' EU claims debt-stricken country's PM: Europe faces a future at the hands of a 'monstrosity' of all-powerful European Union officials that bully entire countries into submission Greece's Prime Minister has claimed. Tax payers able to buy shares in bailed-out Lloyds within 12 months as Osborne eyes profit: British tax payers will be able to buy £4billion worth of discounted state-owned Lloyds shares within the next 12 months the Treasury confirmed. British workers lack skills needed to fill the workforce: British workers lack the skills needed to fill available jobs with the engineering and construction sectors facing the largest gaps in the workforce. The Scottish Herald Scottish engineering sector suffers further falls in orders and output: The Scottish engineering sector has suffered falls in output and order intake for a second consecutive quarter with the troubles of the oil and gas industry weighing on activity. Profits up at whisky and craft beer supplier Simpsons Malt: Agricultural merchant Simpsons Malt has affirmed its confidence in the Scotch whisky sector in spite of falling exports. Bowleven starts drilling onshore well in Cameroon after delays: Bowleven has started drilling its first onshore well in Cameroon after experiencing delays with work in the West African country. City A.M. Juncker says UK does not want to leave the EU: European Commission president Jean-Claude Juncker has said that he does not believe that the United Kingdom will vote to leave the European Union. Strong UK market lifts manufacturers amid lacklustre export sales: The UK'S manufacturing sector grew at a slightly quicker rate in May according to a survey but its growth remains subdued due to weak demand from abroad and lower investment in the oil industry. Online marketplace appoints retail veteran as its chairman: Online platform for independent retailers notonthehighstreet.com has appointed Darren Shapland as its new chairman. Eurozone growth outlook improves as producers point to a faster expansion: The Eurozone's economic prospects have received a boost as survey figures published implied growth in its manufacturing industry was speeding up. Ultra enhances its electronic war capabilities in US$265 million Kratos bid: UK defence firm Ultra Electronics Holdings announced it had agreed to acquire the electronic products division (EPD) of Kratos Defence and Security Solutions for up to US$265 million (£174 million).
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