1.11pm BST

Greek prime minister Alexis Tsipras said a deal with its lenders would end economic uncertainty in the country, but warned some people were trying to put obstacles in the way (now who could that be?). Reuters reports:

“Despite the obstacles that some are trying to put into our path, I’m optimistic we will get to an agreement, loan support from the European mechanism, which will put a final end to economic uncertainty,” Tsipras said during a visit to the Greek infrastructure ministry in Athens.

It was the leftist leader’s first comments after lenders and Greece reached a deal on Tuesday in a new bailout accord worth up to €86bn. He did not specify who was attempting to scupper the accord.

#Tsipras says that it is a political pledge for the govt to institutionalize new rules for transparency & new mechanisms to fight red tape.

#Tsipras says that the fines & penalties will be extremely hard on whatever entities are found to be tax-evading. #Greece

#Tsipras talks about a new ‘code of values’ that the Greek society needs, and the former status quo refrained from creating. #Greece

12.54pm BST

Chinese e-commerce company Alibaba has disappointed investors with its first-quarter results, sending its US shares down 6% in premarket trading.

The company’s net income more than doubled to 12.34m yuan, while revenues rose 28% to 20.25m yuan ($3.27bn), compared to expectations of $3.32bn.

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Source: The Guardian Circular Economy RSS