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German train drivers union halts strikes to negotiate
German train drivers union halts strikes to negotiate
by  AFP

Germany's Deutsche Bahn railways and the GDL train drivers' union announced they had returned to the negotiating table on Saturday after a wave of strikes demanding better pay. While the negotiations go on the union said it would halt further strike action.

US sanctions network smuggling American tech to Iran's central bank
US sanctions network smuggling American tech to Iran's central bank
by  AFP

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement.

EU chief outlines more concessions for bloc's farmers
EU chief outlines more concessions for bloc's farmers
by  AFP

European Commission chief Ursula von der Leyen on Friday laid out a further series of concessions to EU farmers, especially for those on smaller properties, in a bid to calm rolling protests in the sector. Von der Leyen told Tusk the proposed changes would "apply certain standards in a way that is more compatible with the everyday realities that farmers face on the ground".

Eyes on Bank of Japan as unions announce big wage hikes
Eyes on Bank of Japan as unions announce big wage hikes
by  AFP

Japan's largest trade union said Friday it had secured the highest wage hikes since 1991 in preliminary data that stokes speculation the central bank will finally shift away from its outlier ultra-loose monetary policy. The announcement will be closely watched by economists looking for signs that the Bank of Japan could soon scale back its long-standing monetary easing policies.

Vodafone sells Italian unit to Swisscom for 8 bn euros
Vodafone sells Italian unit to Swisscom for 8 bn euros
by  AFP

British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group's European operations. The UK group said it intends to return four billion euros to its shareholders following the sales of its Italian and Spanish businesses, which together total 12 billion euros.