Greeks voted on Sunday whether to accept or reject the tough terms of an aid offer to stave off financial collapse, in a referendum that may determine their future in Europe’s common currency. The country of 11 million people is deeply divided over whether to accept an offer by international creditors that left-wing Prime Minister Alexis Tsipras, elected in January on a promise to end years of crippling austerity, calls a “humiliation”. "I voted 'No' to the 'Yes' that our European partners insist I choose," said Eleni Deligainni, 43, in Athens.
BEIJING/SHANGHAI (Reuters) - Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilization fund. Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 percent plunge in three weeks, the Wall Street Journal said. The reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks.
By Leika Kihara and Kaori Kaneko TOKYO (Reuters) - Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan's most pressing concerns - a shortage of labor and a need for growth. The 19 robots, which cost her employer Glory Ltd about 7.4 million yen ($60,000) each, have eye-like sensors and two arms that assemble made-to-order change dispensers alongside their human colleagues in a factory employing 370. Glory is in the vanguard as Japanese firms ramp up spending on robotics and automation, responding at last to premier Shinzo Abe's efforts to stimulate the economy and end two decades of stagnation and deflation.
By Paul Taylor BRUSSELS (Reuters) - Four great crises around Europe's fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU's unity, solidarity and international standing are at risk from Greece's debt, Russia's role in Ukraine, Britain's pursuit of opt-outs and Mediterranean migration. Failure to cope adequately with any one of these would worsen the others, amplifying the perils confronting "Project Europe".
Health insurer Aetna Inc on Friday said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd announced it was buying Chubb Corp for $28 billion.