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Greece defaults on IMF payment despite last-minute overtures to creditors

7:22am BST

ATHENS - Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. | Video

Asia shares gain as euro shoulders Greek burden

6:40am BST

SYDNEY - Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund.

Screen shot from Reuters video

Sun shines on British economy

Britain's economy grew more strongly than previously thought in the first three months of the year. Households' disposable income also rose at the fastest annual pace since 2001.  Video | Full Article 

A man withdraws sixty Euros, the maximum amount allowed after the imposed capital controls in Greek banks, at a National Bank of Greece ATM in Piraeus port near Athens, Greece June 30, 2015.  REUTERS/Yannis Behrakis

Funds boost cash to highest in over five years

Global investors increased cash holdings in their portfolios to the highest in more than five years in June, prompted by fears of market volatility with a Greek default and the first U.S. rate rise in almost a decade both looming.  Full Article | Related Story 

London Metropolitan Police take part in Exercise Strong Tower, removing actors as casualties from the scene of a mock terror attack at a disused underground station in central London, Britain June 30, 2015.   REUTERS/Peter Nicholls

London police hone response to militant attack

Police and emergency services take part in the biggest counter-terrorism drill held in London to date, with about 1,000 officers testing their response to a potential militant attack on the British capital.  Full Article | Related Story 

Danish customs officers watch traffic at a checkpoint on the German-Danish border crossing in Froslev on July 5, 2011.   REUTERS/Fabian Bimmer

Denmark to impose controls on border

COPENHAGEN - Denmark will impose controls on its border to stop smugglers and illegal migrants, its new foreign minister says, in a move likely to worry the European Union but please a right-wing party on whose support the government now depends.  Full Article 

A man fishes near an oil platform in Niteroi, near Rio de Janeiro April 20, 2015. REUTERS/Pilar Olivares

New oil bull market in sight?

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry.  Full Article | Related Story 

Screen shot from Reuters video

Euro zone recovery is slow going

Euro zone inflation softened in June as energy prices were weaker and food prices rose less steeply. Other economic data from the region was relatively unchanged but could Greece change all that?  Video | Full Coverage 

Roger Federer of Switzerland waves to fans after winning his match against Damir Dzumhur of Bosnia and Herzegovina at the Wimbledon Tennis Championships in London, June 30, 2015.   REUTERS/Henry Browne

Federer and Kvitova feast on Wimbledon prey

When Roger Federer's game flows at Wimbledon and his opponent knows his place you half expect him to slide into a deckchair at changeovers, pour cream on to some strawberries and tuck in.  Full Article | Related Story 

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Indonesia plane crash death toll passes 140

Rescuers search through the wreckage of a plane crash in Indonesia that killed more than 140 people. Yiming Woo reports.