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Ukraine

Medvedev: Russia to adopt 'tough position' if Ukraine defaults on debt

ImageRussia says it'll adopt a tough stance if Ukraine fails to pay off debts owed to Moscow by its previous government. The warning comes after Kyiv passed a law making it possible to delay payments to foreign creditors.

European Union

Bank of England confirms Brexit research after emailing error

The Bank of England has said it plans to research the economic risks of Britain leaving the EU. The admission confirms an email about the project that accidentally went to the wrong address.

Labor relations

German train drivers earn less than you'd think

What's all the fuss about? The strike is over, right? Now the Bundestag is even talking about when workers can strike? When it comes to German train drivers, they have all the right in the world. DW looks at why.

Greece

Tsipras at odds with central bank governor

Greece's governing far-left party has opened a new front: It wants central bank governor Yiannis Stournaras to resign. He is accused of not following the 'national line' - but his political ambitions may play a role.

European Union

Cameron kicks off bid for EU reform

All eyes were on British Prime Minister David Cameron as the newly re-elected premier took to the sidelines of a Riga summit to make his case for European Union reform before his country votes on its EU membership.

Banking

Yellen: Rate hike bound to come this year

Federal Reserve Chair Janet Yellen has insisted the benchmark funds rate would likely be raised before the year is over. She added investors must start accepting the inevitable and prepare for the day of truth.

Bundeswehr

Germany, France to jointly develop 'Leopard 3' tank

Germany and France are considering cooperation on developing a successor to the tank "Leopard 2." The current model has been in service since 1979, and aging Bundeswehr equipment is currently in stark focus.

Banking

Netherlands to sell ABN Amro bank stake

The Dutch government has announced plans to sell the state-owned bank, seven years after it was nationalized during the global financial crisis. The move sets the stage for one of the largest bank flotations in years.

Growth

German business confidence slips a fraction

The business climate in Europe's largest economy cooled slightly in May, marking its first downturn in the past six months. Economists, however, expected a more severe dip in confidence amid weaker growth.

Auto Industry

Mazda, Mitsubishi act on Takata airbags

Days after Japanese car parts maker Takata doubled the number of vehicles being recalled due to the company's defective airbags, auto giants Mazda and Mitsubishi added more vehicles to the recall.

Infrastructure

Japan, China spar over Asian infrastructure

Japan has unveiled a massive spending plan to improve infrastructure in Asia. The plans came as China launches a new infrastructure lender aimed at curbing the financial clout of Tokyo and Washington in the region.

Unions

Bundestag passes bill curbing unions' wage power

The German parliament has passed a contentious bill curtailing small unions' powers to negotiate separate wage agreements. It comes after strikes by niche unions severely disrupted rail and air travel in recent months.

Aviation

Korean Air's 'nut rage' heiress goes free

The former Korean Air executive whose "nut rage" meltdown earned her international notoriety and a one-year jail term has walked free after nearly five months in prison as an appeals court suspended her sentence.

Competition

Munich conference calls for innovative Europe

Business and political leaders have converged on the Bavarian capital Munich for an economic conference discussing how Europe can sustain growth in the face of stiff competition from global rivals.

Wages

Opinion: Yearning for the past may be useless

The German parliament has passed a new collective bargaining law. DW's Rolf Wenkel says it will not stand the test of time, because it may well be unconstitutional and not lead to the desired effects.