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(MENAFN - AFP) Greece warned Sunday it has no money to repay the International Monetary Fund on time in June unless a deal is reached with its creditors, in a stark warning that the country could be just days away from defaulting.

Athens already had a close shave in May, when it was only able to scrape together the 750 million euros ($845 million) due to the IMF then by raiding ...

(MENAFN - AFP) Greek Finance Minister Yanis Varoufakis admitted Sunday on his personal blog that he recorded a reportedly stormy April 24 meeting in Latvia with his European counterparts, a precaution he often takes.

"In the absence of minutes, I often record my interventions and responses on my mobile phone... to be able to recount my exact phrases and, accordingly, to ...

(MENAFN - AFP) Online retailer Amazon has started paying tax on profits from its sales to German customers in Germany instead of in Luxembourg, a newspaper reported Sunday.

The change to book sales from Amazon.de in Germany rather than Luxembourg took effect May 1, the online edition of the Sueddeutsche Zeitung daily quoted a company spokesman as saying.

Amazon is among ...

(MENAFN - AFP) Negotiations to form the Trans-Pacific Partnership (TPP) free trade zone are in the "end-game", US Trade Representative Mike Froman said Sunday.

"Our negotiators are working even as we speak, working through issues. We hope to conclude it soon. We are very much in the end-game," he told reporters.

Asked about a timetable, Froman said: "We agreed to conclude ...

(MENAFN - AFP) Deep in the English countryside, there's a bizarre sight: rows of trees being grown into upside-down chairs, slowly taking shape over years of careful nurturing.

Around 150 armchairs, 100 lampshades and other items including mirror frames are being grown out of the ground in a highly unusual adventure in furniture design.

The brainchild of Gavin Munro, ...

(MENAFN - AFP) A Greek government minister said Sunday that Athens will be unable to repay the IMF on schedule next month, reiterating previous warnings by officials during tense talks with the country's creditors.

"The instalment to the IMF won't be paid," Interior Minister Nikos Voutsis told Mega TV.

"The instalments for the IMF in June are 1.6 billion euros ($1.8 ...

(MENAFN - AFP) French car giant Renault has offered a cash payment to striking workers in western Turkey where a wage dispute has hit the thriving Turkish car sector ahead of June 7 elections.

Oyak Renault factory, a joint venture between Renault and the Oyak army pension fund located in the western city of Bursa, said it offered workers a cash lump sum of 1000 Turkish lira ...

(MENAFN - AFP) Cash-strapped Greeks remain supportive of the leftist government's tough negotiating style, according to a new poll published Sunday, but hope for a deal with creditors that will keep the euro in their wallets.

The poll conducted in May by Public Issue for the pro-government newspaper Avgi, shows 54 percent backing the Syriza-led government's handling of the ...

(MENAFN - AFP) Nafiu Badaru, a junior civil servant in northern Nigeria's biggest city Kano, doesn't make much money and it takes some cash to look good so he tends to buy made-in-China fabric.

"A piece of high-quality brocade (cloth) costs around 10,000 naira ($50, 47 euros), which is way too expensive for me," he told AFP.

"With the same amount of money I can buy ...

(MENAFN - AFP) An abandoned Underground station used by Winston Churchill as a bunker during World War II could become London's latest go-to bar or gallery under a plan launched by the city's transport agency.

Tucked away in the luxury Mayfair area in the centre, Down Street was opened in 1907 but closed in 1937 and its dark warren of tunnels have gathered a thick layer of ...

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