Apple Pay ‘limited to £20 initially’
Payments using the new Apple Pay system are likely to be limited to £20 when it launches in the UK in July, the BBC understands. BBC News – Business
Craig Taylor
US army shuts website after hacking
The US army temporarily takes down its website after a hacking attack, claimed by the Syrian Electronic Army group. BBC News – US & Canada
HSBC to cut 8,000 jobs in the UK
HSBC, Europe’s biggest bank, has announced plans to cut up to 25,000 jobs globally and rename its UK branches. BBC News – UK
Greece submits new reform plan to EU
Cash-strapped Greece submits a revised reform plan to the European Union and International Monetary Fund. BBC News – Europe
New poll date proposed for Burundi
Burundi’s electoral commission sets 15 July as the new date for controversial presidential elections after third-term bid protests. BBC News – Africa
CBI cuts UK economic growth forecasts
The CBI cuts its UK growth forecasts and warns that a possible “messy” end to the Greek crisis and uncertainty over the EU referendum both pose further risks to the British economy. BBC News – Business