Good morning, Quartz readers!
What to watch for today
Greece’s new prime minister unveils his cabinet. Alexis Tsipras will divvy up jobs between MPs from his radical left-wing Syriza party and the right-wing Independent Greeks party, its coalition partner. Tsipras reiterated to the BBC that it is impossible for Greece to repay its debt in full.
Apple talks earnings. The company is expected to post its biggest quarterly profit growth in two years due to record iPhone sales. including perhaps selling more phones in China than the US for the first time.
Yahoo talks Alibaba. CEO Marissa Mayer will reveal what the internet company plans to do with its roughly $40 billion stake in Chinese e-commerce giant, which went public last year. The key question is whether Yahoo can sell some of the shares without incurring a massive tax bill.
While you were sleeping
Mixed messages in Britain’s GDP. The UK’s economy grew by 2.6% in 2014, the fastest pace since 2007, but was hindered by fourth-quarter growth of just 0.5%. That was lower than expectations and below the 0.7% growth seen in the third quarter, due to a slowdown in construction, mining, and energy.
Siemens was a euro zone casualty. The engineering group reported a fiscal first-quarter profit of €1.1 billion ($1.2 billion), down from €1.4 billion a year earlier. Falling energy prices and lower levels of investment from European utility companies squeezed the company’s profits.
Qantas and AirAsia scrapped their fuel surcharges. The Australian flag-carrier said it would restructure its tariff system due to low oil prices, but customers aren’t likely to see much benefit, as the cost of fuel will now be included in ticket prices. AirAsia, still reeling from the loss of flight QZ8501 last month, said it hoped its move would bring down travel costs and boost the tourism industry.
Quartz obsession interlude
Zachary M. Seward on how the future of TV has finally arrived.“For sports fans, Sling TV will be an appealing option because it’s the cheapest way to access ESPN. For everyone else, the service is more symbolic—worth following, if not subscribing to—because it shows what TV is becoming as it moves to the internet.” Read more here.
Matters of debate
Sand is a matter of national security. Some countries reclaiming land from the ocean are actually buying sand stolen from their neighbors.
Surprising discoveries
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