The European Union approved Greece bridge loan in the amount of € 7200000000 to prevent the country defaulting on upcoming payments and hold on to release their third bailout, reports Bloomberg.

Microsoft to buy Nokia's mobile phone production was 5.4 billion euros ($ 7.2 billion). It is reported by BBC Russian. As part of this transaction Nokia gives Microsoft a patent license, and the provision of air navigation services. Completion of the transaction is expected early next year.