Friday newspaper round-up: Greek talks, Holcim-Lafarge, Ryanair turnaround
LONDON (ShareCast) - Greek prime minister Alexis Tsipras has agreed to speed up the process of economic reform but was unable to secure short-term financing for Greece during his meeting with Germany and France, reported the Financial Times. French cement company Lafarge SA agreed on new terms with its $44bn merger with Swiss competitor Holcim (Other OTC: HCMLF - news) late on Thursday, according to The Wall Street Journal, spelling good news for CRH , which had agreed to buy assets as a result of the deal.
Ryanair has been forced to admit it won't be considering transatlantic flights three days after a spokesman claimed flights would be available for €10, wrote The Telegraph. Iran , the US and Europe have stalled discussions on whether UN sanctions on Tehran should be lifted as the deadline for a nuclear agreement draws closer, according to The Wall Street Journal. Washington has unveiled plans to "re-evaluate" its alliance with Israel at the United Nations after Binyamin Netanyahu was controversially re-elected, according to The Times.
The Institute of Fiscal Studies has demanded that chancellor George Osborne specify how he plans to slash welfare spending by £12bn when coalition benefit changes have devastated the poor most of all in the last five years, The Guardian reported.
Mobile phone users are being forced to pay up to £800 if they want to break a contract with their network provider, even if they cite poor coverage or lack of 4G, wrote The Times.