GERMANY

The world’s largest train manufacturer, Bombardier, said it will eliminate 1,400 jobs at its plant in Derby in the north of England.

Long-term investors standing aloof from the Greek debt crisis want holders of its government bonds to take a loss big enough to slash the country's debt to sustainable levels before they consider returning.

European services growth slowed in June in the face of sluggish new orders and rising interest rates, giving firms less optimism about the year ahead, business surveys showed on Tuesday.

Bailouts of Europe's debt-stricken countries face a legal challenge on Tuesday as Germany's top court begins hearing a lawsuit against German contributions to the rescues of Greece, Ireland and Portugal.

Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

Moody's is not involved in talks on a Greek debt rollover plan and will only make its views known once there is a final decision on it, the ratings firm said on Monday after Standard and Poor's warned about the plan.

With the advent of the first female Prime Minister in Thailand, women now seem to be more powerful than ever.

Asian equities climbed a fifth consecutive session on Monday, led by Chinese stocks, though the euro turned lower after ratings agency S&P warned that any rollover of Greek's debt would constitute a default.

NASA space shuttle Atlantis is set to liftoff on the final flight of the shuttle program, STS-135, a 12-day mission to the International Space Station. The launch is currently targeted for July 8 at 11:26 am EDT.

Recently, Apple amended the patent infringement lawsuit which was filed against Samsung in April. Also Samsung was gaining ground as they filed lawsuits against Apple in a tit-for-tat case.

Asian equities climbed a fifth consecutive session on Monday, led by Chinese stocks, and the euro inched higher as some near-term risks receded about Greece's funding for the rest of the year and a slowdown in China appeared relatively moderate.

Euro zone finance ministers have approved a 12 billion euro ($17.4 billion) installment of Greece's bailout, but signaled that the nation must expect significant losses of sovereignty and jobs.

Greece faces severe restrictions on its sovereignty and must privatize state assets on a scale similar to the sell off of East German firms in the 1990s after communism fell, Eurogroup chairman Jean-Claude Juncker said.

Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros ($17.4 billion) to Greece and said the details of a second aid package for Athens would be finalised by mid-September.

The FIFA Women's World Cup is underway and many of the teams have already played two of the five games in the Group Stage.

In a dull fight, the champ has unified the belts.

Bloomberg reported that Samsung dropped its US lawsuit against Apple for patent infringement. However, for the US lawsuit Apple filed against Samsung, Samsung will continue to defend its counter claim that Apple violated Samsung patents.

Two elite boxers battle it out.

Muammar Gaddafi threatened Europe on Friday. He said his Libyan supporters can take the battle to Europe, to target your homes, offices, families, which would become legitimate military targets, like you have targeted our homes.

Two top heavyweights battle it out in Hamburg.

The German government has been making preparations for the unlikely event that Greece defaults even though it does not expect such an event, Finance Minister Wolfgang Schaeuble said in an interview in Der Spiegel.