From WORLD 3:26pm

Pressure mounts on Greece over bail-out

French President Nicolas Sarkozy (R) gives a press conference with German chancellor Angela Merkel

Sarkozy and Merkel say political parties must accept deal

From WORLD 3:29pm

US closes embassy in Damascus

Diplomats withdrawn amid claims of further army bombardment of Homs

From WORLD 4:56am

China bars airlines from EU carbon tax

Prohibition on paying levy puts Beijing in opposition to Brussels

From COMPANIES 11:49am

Citigroup to issue China credit cards

First western bank to offer own-brand cards on mainland

Global Market Overview from MARKETS 2:50pm

Athens talks cast lengthy shadow

Wall Street indices join global drift from 6-month highs

More UK news

Analysis: The long ships

The ore carrier Vale Beijing

Disquiet on whether maritime industry has grasped full implications of introducing new, far larger vessels

New Scotland Yard building Getty From UK 3:22pm

More police to probe journalists’ payments

Number of officers jumps from 40 to 61, Leveson told

From COMPANIES 2:00pm

TPG bid for GlobeOp under threat from rival

US-based SS&C looking into books of software and services company

A southbound Virgin train passes over a set of points on the West Coast mainline north of Stafford 4:05pm

Rail bosses bow to pressure on bonuses

Six directors of Network Rail give up potential total of £1m

From MARKETS 9:30pm

Glencore to pay premium for Xstrata deal

Two companies close to finalising terms of $88bn deal

From COMPANIES 8:40pm

Europe’s banks face challenge on capital

EBA regulator to question plans on financial strength

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Shumeet Banerji, Booz & Co CEO, on why things are looking up for the US but not for Europe

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