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The 10 most important things in the world right now

Jul 1, 2015, 10:18 IST

REUTERS/Stringer Children play at an algae-covered beach in Haiyang, Shandong province, China, June 28, 2015. Hello! Here's what you need to know for Wednesday.

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1. Greece missed its €1.6 billion (£1.14 billion, $1.79 billion) loan payment due to the International Monetary Fund on Tuesday, which means the country is no longer receiving bailout funding for the first time since 2010.

2. More than 100 people may have been killed after a military transport plane crashed into a residential area shortly after take-off in northern Indonesia, thought it is unclear what caused the incident.

3. Tunisian officials said the gunman who killed 38 people in the resort town of Sousse last week trained at a Jihadist camp in Libya last year and was there at the same time as the two gunmen who attacked the Tunis Bardo museum in March, killing 21 people.

4. The deadline for an interim nuclear deal between Western powers and Iran has been extended to at least July 7, as negotiations continue over an agreement that would curb Tehran's nuclear program in exchange for lifting economic sanctions.

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5. Around 1,200 prisoners, including al Qaeda suspects, escaped from a prison in central Yemen after it came under attack from al Qaeda supporters.

6. The United States and Cuba are expected to announce on Wednesday an agreement to restore diplomatic relations by reopening embassies after more than 50 years of severed ties.

7. Tens of thousands of people in Hong Kong are expected to rally for free elections on Wednesday on the 18th anniversary of its handover from Britain to China.

8. The World Bank on Wednesday warned China that its thirty-year economic boom was at risk if it failed to reform the "distorted role of the state" in its financial sector, which has led to "wasteful investment, overindebtedness, and a weakly regulated shadow-banking system."

9. Ukraine suspended all Russian gas purchases on Tuesday after price talks collapsed, marking the second time in under a year that gas supplies from Russian state energy company Gazprom to Ukraine have been halted.

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10. Apple on Tuesday officially launched its new music service, Apple Music, available to users for a free three-month trial period.

And finally ...

After 10 years together, Ben Affleck and Jennifer Garner announced Tuesday that they are getting divorced.

NOW WATCH: This Animated Map Shows How European Languages Evolved

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