Hello! Here’s what you need to know for Tuesday.
1. Rescue operations are underway after a yacht carrying more than 450 people sank Monday night in the Yangtse river in southern China during a cyclone.
2. Europe’s biggest bank, HSBC, reportedly plans to cut 10,000 to 20,000 jobs across its global operations.
3. US officials believe that FIFA secretary general Jérôme Valcke is the person who transferred $US10 million (£6.5 million) related to an alleged World Cup vote bribe from FIFA bank accounts to an account controlled by arrested FIFA official Jack Warner, according to the New York Times.
4. International Monetary Fund chief Christine Lagarde and European Central Bank President Mario Draghi unexpectedly joined Greece’s debt talks Monday nights as the country faces a large IMF payment on Friday.
5. Malaysia Airlines’ new CEO said Monday that the airline is “technically bankrupt” as it cut about 6,000 jobs, or a third of its workforce.
6. The Islamic State group destroyed Tadmur Prison near the historic Syrian city of Palmyra, which is “where thousands of dissidents were reported to have been beaten, humiliated and systematically tortured for opposing the Assad family’s rule,” the Associated Press said.
7.A Canadian court on Monday ordered three tobacco firms to pay Can$15.5 billion (US $US12.4 billion, £8.1 billion) to Quebec smokers as part of two class-action lawsuits involving nearly 10,000 people.
8. Alaska issued layoff notes on Monday to more than 10,000 state employees, ahead of a partial government shutdown that will begin on July 1 unless lawmakers can agree on a budget.
9. Lockheed Martin’s F-35 fighter jet will take part in a major US military exercise this week for the first time.
10. Paris will remove nearly 1 million padlocks chained to the city’s bridges by couples as an expression of their love because the extra weight is causing structures to collapse.
And finally …