Bangkok Post – TDRI warns of Greece-like crisis
Thailand’s economy is at risk of collapse like Greece if the government continues with its costly populist policies, a senior economist at the Thailand Development Research Institute (TDRI), warns.
The Nation – HM the King calls for new rules on motorcades
Under a new set of guidelines based on a personal request by His Majesty the King, closures of Bangkok streets and inter-province roads for royal motorcades will be brief and imposed only in relevant areas, a senior police officer said yesterday.
The Nation – Banks to refocus on special savings amid low policy rate
Banks will focus on special savings accounts to refill liquidity instead of fixed deposit accounts as the Bank of Thailand is expected to peg the policy rate at 3 per cent until year-end amid the worsening euro crisis, bankers said yesterday.
Bangkok Post – Contingency plans
Pheu Thai is making just-in-case plans as the Constitution Court meets, with the possibility it could once again dissolve the governing party – but the prime minister is tight-lipped about it all.
Bangkok Post – Next best thing
The science minister says the second best choice is for Thai experts to take 200 million baht and attempt to conduct their own climate research.
The Nation – Poor vote record by PM in May
Prime Minister Yingluck Shinawatra is one of the MPs who voted in less than 10 per cent of matters in parliamentary meetings in May, according to the Thailand Political Database website.
bbc.co.uk – Apple ‘settles China iPad case’
Apple has agreed to pay $60m (£38m) to Chinese firm Proview to settle a dispute involving rights to the “iPad” name, a court in China says.
news.com.au – Hong Kong leader heckled on first day
Hong Kong’s new leader has been bundled out of an auditorium by police after he was heckled by protesters, marking a rocky first day in office following the city’s biggest protest in nearly a decade.
bbc.co.uk – David Cameron tells MPs EU ‘status quo not acceptable
The prime minister has defended his position on a referendum on the UK’s relationship with the EU.
bbc.co.uk – Rate-rigging prompts bank inquiry
Prime Minister David Cameron announces a parliamentary inquiry into banking, as the Serious Fraud Office considers criminal prosecutions over rate-fixing.
news.com.au – Heathrow delays ‘unacceptably long’
British airport operator BAA has admitted that immigration queues at Heathrow Airport have been “unacceptably long” in recent days.
news.com.au – Greece faces critical audit
Greek Prime Minister Antonis Samaras has huddled with ministers and allies ahead of a crucial creditor audit.
bbc.co.uk – Finland questions eurozone deal
Finland says it rejects part of the EU summit deal to use eurozone bailout funds more flexibly.
bbc.co.uk – Eurozone unemployment rises to fresh record high in May
Unemployment in the eurozone hit 11.1% in May while the downturn in its manufacturing sector continued, according to official statistics.
bbc.co.uk – Thousands welcome Spain heroes
Spain’s football team is greeted by tens of thousands on the streets of the capital Madrid after their triumph in the Euro 2012 tournament.
bbc.co.uk – Match-fixing Turkey boss guilty
The head of a leading football club in Turkey has been sentenced to more than six years in prison for his role in a match-fixing scandal.
news.com.au – Solar plane to take off for Spain
An experimental solar-powered plane, flying without using any fuel, will leave the Moroccan capital for Madrid on its return journey to its home port in Switzerland, organisers said.
bbc.co.uk – Colorado fire efforts gain ground
The Waldo Canyon fire, the most destructive wildfire in Colorado’s history, is now 70% contained, officials say, as fires rage across the western US.
bbc.co.uk – GlaxoSmithKline faces $3bn fraud payout
Drug giant GlaxoSmithKline will pay $3bn (£1.9bn) in the largest healthcare fraud settlement in US history in a case concerning three drugs.
bbc.co.uk – Twitter told to surrender tweets
A US court rules that Twitter must hand over tweets posted by an Occupy Wall Street protester facing trial for disorderly conduct.
news.com.au – School sells itself on eBay
Forget selling chocolate bars or raffle tickets. A cash-strapped US high school hopes to raise money by auctioning itself on eBay.