Wednesday, May 25, 2016

Euro zone hails "breakthrough" with Greece, IMF debt deal and other top stories.

  • Euro zone hails "breakthrough" with Greece, IMF debt deal

    Euro zone hails
    BRUSSELS The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens.After talks that lasted into the small hours of Wednesday, the Eurogroup ministers gave a nod to releasing 10.3 billion euros in new funds for Greece in recognition of painful fiscal reforms pushed through by Prime Minister Alexis Tsipras's leftist-led coalition, subject to some..
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  • Toyota and Volkswagen Step Up Investments in Tech Start-Ups

    Toyota and Volkswagen Step Up Investments in Tech Start-Ups
    Photo Shahar Waiser is the chief executive of Gett, a popular ride-hailing app in Europe. The company said it has established a relationship with Volkswagen. Credit Gett SAN FRANCISCO — Automakers are looking toward a technology-driven future, one where they increasingly acknowledge that getting around may not require owning a car.On Tuesday, two of the world’s largest automakers, Toyota and Volkswagen, said they were stepping up to invest in technology start-ups that a..
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  • NY board poised to OK $485M for solar plant amid questions

    NY board poised to OK $485M for solar plant amid questions
    ALBANY, N.Y. (AP) - A state oversight board controlled by the New York Legislature and Democratic Gov. Andrew Cuomo is set to authorize spending another $485 million to complete a solar panel production plant, the centerpiece of Cuomo’s “Buffalo Billion” economic development program.The Public Authority Control Board vote scheduled for Wednesday comes amid questions about the future of solar business after a major player last month filed for bankruptcy court protection and a lack of details abou..
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  • France Raids Google in Tax Probe -- WSJ

    France Raids Google in Tax Probe -- WSJ
    Shutterstock photo By Sam Schechner Alphabet unit says it is cooperating and complies fully with the country's laws PARIS -- Dozens of tax investigators swooped into Google's French headquarters on Tuesday in a surprise raid, escalating a tax dispute in which French authorities have sought more than EUR1 billion ($1.12 billion) from the search firm. Google's office in central Paris, set up in a period mansion, was sealed off tightly on Tuesday. The large wooden doors that open onto..
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How Greater Boston's middle class has thinned since 1990 .Germany's Bayer Offers $62 Billion in Cash to Buy Monsanto .
Can Austin still be a tech hub without Lyft, Uber? .City official arraigned on extortion charge .

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