Hello! Here’s what you need to know for Wednesday.
1. European leaders have given Greece until Sunday to reach an agreement on a new bailout deal with creditors after the Athens government turned up empty-handed to an emergency summit on Tuesday.
2. Following an ultimatum from creditors, Greek Prime Minister Alexis Tsipras said he would submit proposals by the end of the week that will lead to a “final exit” from the nation’s debt crisis.
3. Trading has been halted on more than 1,400 Chinese shares after more than 600 companies requested trading be suspended as the Shanghai and Shenzen exchanges plunged shortly after market open on Wednesday.
4. The US army reportedly plans to cut 40,000 troops over the next two years due to budget constraints.
5. South Korea reported its first Middle Eastern Respiratory Syndrome (MERS) death in eight days, though there have been no new cases in the past three days.
6. London is bracing for the worst Underground strike in 13 years after last-minute talks broke down over a pay increase on the new 24-hour service that will launch in September.
7. A new report says the World Health Organisation must “make fundamental changes” to prepare for global emergencies, including better leadership and more training of workers, following its slow and highly-criticised response to the Ebola outbreak.
8. Large parts of southern Pakistan were blackout Tuesday night due to a transmission line trip that affected three different power plants.
9. Pope Francis heads to Bolivia on the second-leg of his South American trip after a visit to Ecuador, where he held a huge outdoor mass with 800,000 people and called on followers to protect the Amazon.
10. Carnival, the world’s largest cruise operator, has won approval to begin taking American travellers to Cuba next May.