Saturday, August 01, 2015
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Angolans resentful as China tightens its grip

angolans-resentful-22When a halving of oil prices left a gaping hole in Angola's finances this year, it became clear sub-Saharan Africa's third largest economy needed help fast - and President Jose Eduardo dos Santos knew exactly where to turn.

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Euro zone gives Greece until Sunday for debt deal

ezone-3Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.

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Six powers and Iran to continue nuclear talks past deadline: EU

Iranian-ppl-22Iran and six major powers will keep negotiating past Tuesday's deadline for a long-term nuclear agreement as they tackle the most contentious issues, including the continuation of a U.N. arms embargo on Iran, the big powers said.

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