Speaking at the G7 conference in Germany, US president Barack Obama has called on the Greek government to make greater concessions in order to unlock new bailout funds.
“The Greeks are going to have to follow through and make some tough political choices that will be good for them [in the] long-term,” he said - while also warning that other countries needed to recognise "the extraordinary challenges" facing the Greek government - but he made it clear that he believes that the onus is on Alexis Tsipras and Syriza to make a deal happen.
Elsewhere, Greek finance minister, Yanis Varoufakis met with his German counterpart, Wolfgang Schäuble yesterday - he described the talks as “very helpful."
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An interesting exchange of emails between the Central Bank Governor, Patrick Honohan and a senior official in the Department of Finance Ann Nolan, has been revealed through a freedom of information request by the Irish Independent.
As part of the ongoing liquidation of the assets of the former Anglo Irish Bank and Irish Nationwide by KPMG – including the controversial sale of Siteserve – a surplus of more than €1bn may accrue – depending on the outcome of legal cases.
If so, then so-called junior bondholders in Anglo, these are unsecured creditors, may recover up to €280m they are owed, ahead of any repayment of that money to the taxpayer.
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Apple has announced its long-awaited "revolutionary" music streaming service Apple Music - promising access to tens of millions of tracks.
The big reveal came from CEO Tim Cook at the company's annual developers conference and is seen as the company's challenge to the likes of Spotify.
Apple Music will also feature a 24/7 global radio station called Beats One, broadcasting from LA, New York and London. Former Radio 1 DJ Zane Lowe is one of the figures involved in the project.
It launches on Apple devices on 30 June and on Windows and Android devices in the Autumn.
The San Francisco event also saw Apple announce its Pay system is coming to the UK in July - though not Ireland - meaning people will be able to tap their iPhone or iPad to purchase goods.
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Diageo, owner of the Guinness brand and breweries, will be the centre of market attention again today after a near 7 percent increase in its share price yesterday, amidst speculation that the Brazilian private equity firm, 3G Capital is considering a bid.
3G Capital is primarily owned by Brazilian billionaire, Jorge Paulo Lehman, who has worked closely on giant mergers and acquisitions in the food and beverage sectors with the American corporate investor, Warren Buffett.
The pair were central to the union of the Belgian brewer In Bev, with Anheuser Busch of the US and are currently engineering the merger of global food conglomerates, Kraft and Heinz.
Diageo’s share price has fallen by more than 8 percent in the past year despite a rising market, reflecting falling sales revenues particularly in emerging markets, and a relatively indebted balance sheet that constrains it from making acquisitions itself.
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A former Cabinet minister will today warn Parliament that the EU referendum will be viewed as being "fought on a skewed basis" if the Government does not back down on plans to cancel the so-called "purdah" period running up to the vote.
Owen Paterson told Sky News that it was a "great day" because he and his colleagues were finally getting the vote they had wanted for many years.
But the former environment secretary said he would "regretfully" criticise the Prime Minister over the unusual decision to allow the Government to use its muscle and money to "issue propaganda within 28 days of the poll".
His intervention will come during the first Parliamentary debate over the bill, which will start the process for a referendum to be held by the end of 2017.
David Cameron faced a backlash after he said that Conservative MPs who vote against EU membership would be forced to resign from the party - Mr Cameron now says that his initial comments were "misinterpreted" by the media.
Additional reporting by IRN
