Greece agrees deal to unlock EUR8.5bn in emergency funds European markets rise after Greece finally clinches dealEurozone inflation slows to 1.4% in May 2.13pm BST That´s it for today folks. Thank you for your comments and have a lovely weekend. AM 1.59pm BST My colleague Rob Davies reports that the material used in the cladding that covered the Grenfell Tower was the cheaper, more flammable version of the two available options.Omnis Exteriors manufactured the aluminium composite material (ACM) used in the cladding, a company director, John Cowley, confirmed to the Guardian. Related: Cladding for Grenfell Tower was cheaper, more flammable option 1.51pm BST New US homebuilding fell for a third month in May, to the lowest level in eight months. Housing starts fell 5.5% to an annual rate of 1.09 million units, the US Commerce Department said. It was the lowest level since September 2016, and reflected a broad slowdown in construction. 1.34pm BST Over in Greece, prime minister Alexis Tsipras has called last night´s Eurogroup decision a `decisive step` towards ending the country´s eight-year-long economic crisis. Helena Smith reports from Athens: A clear sign of confidence was given to markets and a clear commitment [was given] to the Greek people, who have suffered so much.[A clear commitment] that the programmes will end decisively with the end of the third [bailout] programme in a year from now. Now we must step up our efforts to create the conditions for a dynamic recovery which will be felt by citizens in their every day life with a view to ... healing the wounds of the crisis.` 1.23pm BST Time for a market update. European indices have held on to earlier gains, with the latest scores as follows: 1.10pm BST The yen is at a two-week low against the dollar after the Bank of Japan kept interest rates on hold and said it was in no hurry to follow the US Fed and tighten monetary policy.The yen fell nearly 0.5% to 111.415 per dollar.The theme continues to be the pote ...
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