• Greece becomes first developed country to default on IMF

    Cash-strapped Greece missed a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund on Tuesday as last-ditch efforts to find a compromise with official EU lenders came to naught. The missed payment made Greece the only developed country ever to fall into default with the global crisis lender and underscored the utter failure of more than five months of efforts to reshape the rescue of the country's economy and prevent it from dropping out of the eurozone. The future of efforts to restore its finances and meet creditor demands for reforms were in question, with fresh proposals from Athens spurned Tuesday as the country moved toward a referendum Sunday on EU bailout offers.

    AFP News 11 mins ago
  • Actors Ben Affleck, Jennifer Garner announce plans to divorce

    Hollywood A-list couple Ben Affleck and Jennifer Garner on Tuesday announced plans to divorce, a day after their 10th wedding anniversary. Oscar-winning Affleck, 42, and Garner, 43, starred together in the 2003 superhero film "Daredevil" and were married in 2005 and have three children, all under the age of 10. Affleck has enjoyed a recent wave of success, with his 2012 film "Argo" winning the best picture Oscar and more recently, his 2014 thriller "Gone Girl" becoming a box office hit.

    Reuters
  • Greece's bailout expires, country defaults on IMF payment

    Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund, deepening fears over whether it will be able to remain in the eurozone. After Greece made a last-ditch effort to extend its bailout, eurozone finance ministers decided in a teleconference late Tuesday night that there was no way they could reach a deal before the deadline. "It would be crazy to extend the program," said Dutch Finance Minister Jeroen Dijsselbloem, who heads the eurozone finance ministers' body known as the eurogroup.

    Associated Press 42 mins ago
  • US stocks rise as Greek default looms

    US stocks finished moderately higher Tuesday, recovering some of the prior session's losses, as Greece edged closer to a debt default. The broad-based S&P 500 rose 5.48 (0.27 percent) to 2,063.12, while the tech-rich Nasdaq Composite Index gained 28.40 (0.57 percent) at 4,986.87. US stocks were in positive territory virtually the entire session, in part due to sentiment that the market was oversold after Monday's rout.

    AFP
  • In first, IS beheads two Syria women for 'sorcery': NGO

    Islamic State jihadists have beheaded two women in Syria for "witchcraft and sorcery", a monitor said on Tuesday, in the group's first known decapitation of female civilians. Meanwhile, IS re-entered the town of Tal Abyad on the Turkish border, seized from it by Kurdish forces two weeks ago, and took back one district, the Syrian Observatory for Human Rights added. Rami Abdel Rahman, the Britain-based watchdog's chief, said IS "executed two women by beheading them in Deir Ezzor province... the first time the Observatory has documented women being killed by the group in this manner".

    AFP News
  • Greeks struggle with daily grind as foreigners head to beach

    With cash withdrawals cut to 60 euros ($67) per day, many Greeks aren't spending in restaurants for fear that they will run out of cash they would need if a family member got ill or another serious problem developed. On the streets of the Greek capital, resplendent in the early days of summer, there's still a veneer of normalcy — at least for foreigners, who aren't affected by the draconian rules imposed on Greeks.

    Associated Press
  • Marvel’s ‘Guardians of the Galaxy’ Sequel Gets an ‘Awesome’ Title

    “Guardians of the Galaxy” director James Gunn has taken to Twitter to confirm that the sequel’s title will be “Guardians of the Galaxy Vol. 2.” The title is a reference to Peter Quill’s “Awesome Mix Vol. 1” cassette tape, which plays a prominent role

    The Wrap
  • Crashed Indonesian military plane had 113 on board - air force spokesman

    A Indonesian military transport plane that crashed into a northern residential area two minutes after takeoff on Tuesday was carrying 113 people, an air force spokesman said. "According to our data, there were 113 people on board, including 12 crew," Air Force spokesman Dwi Badarmanto, speaking from the city of Medan, the site of the crash, told Reuters. The figure is an update of comments by military spokesman Fuad Basya, who was earlier quoted by broadcaster MetroTV as saying there had been 12 crew and about 50 passengers on board.

    Reuters
  • NBA: Warriors, Curry pass Bulls, LeBron as top sellers

    Golden State star guard Steph Curry and the NBA champion Warriors have moved into the top-selling spot in NBA merchandise based on sales during the playoffs, the league announced Tuesday. Curry, last season's NBA Most Valuable Player, topped the player

    AFP News
  • Ciara: My boyfriend’s amazing!

    Ciara thinks her boyfriend Russell Wilson is an amazing guy.The Love Sex Magic singer has been dating the NFL player since the early part of the year. The couple made their red carpet debut at the BET Awards on Sunday night, and the 29-year-old wasn’t

    Cover Media
  • Woman, 75, survived for days on pond water after Texas crash

    Wanda Mobley swerved to avoid something in the remote highway, and seconds later was trapped inside her wrecked car in a ravine in North Texas. From her hospital room on Tuesday, Mobley described the hours she spent hearing the occasional vehicle pass above her but being too weak and scared to crawl through the brushy area along Highway 183 for help. "From where the road was, nobody could see the car," Mobley told The Associated Press in a phone interview.

    Associated Press
  • Myanmar KFC fans queue for hours for first taste of US fast food

    Fried chicken aficionados queued for hours at Myanmar's first KFC restaurant Tuesday, as the US fast food chain became the latest big foreign brand to open an outlet in the long-cloistered nation. KFC is the first major US restaurant chain to open in the country as reforms and the removal of most sanctions since the end of outright junta rule tempt investors to a market of millions of prospective consumers. My aunt in Singapore says it is also famous there," the 50-year-old told AFP, brushing off concerns that a taste for foreign fast food could lead to expanding waistlines.

    AFP News
  • Caitlyn Jenner 'wants feminine voice'

    Caitlyn Jenner is apparently exploring what options she has to sound more feminine. The US personality, who was known as Bruce before undergoing gender changing surgery, unveiled her new look at the beginning of June on the front cover of Vanity Fair magazine. Over the weekend she wowed crowds at New York Pride, looking happy and relaxed in a white skirt and top.

    Cover Media
  • Economists say Puerto Rico needs right to bankruptcy option

    Puerto Rico's financial future hung in limbo Tuesday as economists and officials warned that the U.S. territory could head down Greece's path if it is not allowed to declare bankruptcy as it struggles with $72 billion in public debt. Gov. Alejandro Garcia Padilla has said that the overall debt is unpayable and that he will seek a moratorium on payments, although it is still unknown whether bondholders will agree to that or opt to resolve the issue in court. "The bombshells that have come down from Puerto Rico in the last two days have not been particularly well orchestrated," said David Tawil, co-founder and portfolio manager of New York-based Maglan Capital.

    Associated Press 30 mins ago
  • The Cost Of College At Top Schools In The Philippines And The World

    The worldwide rankings for universities was released by the education firm Quacquarelli Symonds (QS) this June. The state university slipped seven places in the rankings, while Ateneo de Manila went up one spot compared to its 2014 rank. UST and DLSU suffered slides, with UST falling two places and DLSU 30.

    iMoney Philippines
  • 2nd escaped murderer is shot, captured after other killed

    A three-week manhunt that began when two convicted murderers staged a brazen prison break involving stolen power tools and hacksaw blades hidden in frozen hamburger meat ended Sunday when a single state police sergeant spotted a suspicious man walking down on a rural road near the Canadian border. David Sweat's capture came two days after his fellow escapee, Richard Matt, was killed in a confrontation with law enforcement while holding a shotgun. Sweat was unarmed when he was shot twice by Sgt. Jay Cook as the fugitive ran for a tree line.

    Associated Press
  • Winehouse’s unheard demos destroyed

    Amy Winehouse won’t be releasing any posthumous material. According to Universal Music chairman David Joseph, he made the decision to destroy Amy’s demos following her death. “It was a moral thing,” he told Billboard magazine.

    Cover Media
  • Islamic State scores up gains and losses in Syrian fighting

    By Sylvia Westall and Suleiman Al-Khalidi AMMAN (Reuters) - Islamic State fighters stormed the Syrian town of Tel Abyad on the Turkish border on Tuesday and captured a neighbourhood from the Syrian Kurdish YPG militia, but suffered setbacks in the northeastern city of Hasaka, a monitor and the army said. Islamic State has launched simultaneous attacks against Syrian government and Kurdish militia this past week in the multi-sided Syrian civil war after losing ground to Kurdish-led forces near the capital of its "caliphate".

    Reuters
  • Renner: I don’t care about gay rumours

    Jeremy Renner doesn’t care if people think he’s gay. The Avengers star has daughter Ava with ex-wife Sonni Pacheco but rumours about his sexuality continue to persist online. While the 44-year-old makes it clear in a new interview that he’s straight, he doesn’t view the rumours saying otherwise to be a problem.

    Cover Media
  • Messi ban fear as Argentina face Paraguay

    Lionel Messi is walking a disciplinary tightrope as goal-shy favourites Argentina take on Paraguay here Tuesday with a place in the final of the Copa America at stake. Messi is one of three key Argentina players who are only one yellow card away from suspension as the South American giants prepare for a rematch against Paraguay, who held them to a 2-2 draw in the group phase. Defensive midfield linchpin Javier Mascherano and Manchester City striker Sergio Aguero are also on a booking heading into Tuesday's game in Concepcion, which kicks off at 8.30pm local time (2330 GMT).

    AFP News