World Bulletin / News Desk
President Francois Hollande's Socialist government will limit a planned increase in France's minimum wage to 2 percent, leading business daily Les Echos reported on Thursday without citing sources.
An official decision on the rise will be taken on June 26, when the government is due to meet with union leaders, the newspaper said.
Hollande had made boosting the minimum wage one of his campaign promises in the runup to his victory in May's presidential election, and is under pressure from unions to stick to his commitment.
In initial talks with union leaders last month, he reiterated his pledge, but struck a cautious note, saying he needed to avoid destabilising small businesses which faced stiff competition from abroad.
Les Echos said a 2 percent rise as of July 1 would take the gross minimum wage to 9.40 euros an hour, adding 27 euros a month to workers' pay packets. But taking into account inflation the "real" rise would only be 0.6 percent, the paper said.
Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local authorities in the early 2000s before being sold in 2009 to oil-to-telecoms conglomerate Sistema
Waste oil from Chinese dinner tables to power airplanes by converting into aviation biofuel
The World Bank announced Singapore had been ranked the best country to do business in for a ninth consecutive year
LPG "certainly provides lower carbon dioxide per unit of energy than diesel and petrol when used in vehicles" expert claims
52 countries and regions including Germany, UK and South Africa agree to exchange financial information
OPEC members have previously said they wanted oil at around $100 a barrel
World stocks rose on Wednesday, lifted by strong corporate earnings and investor optimism that the U.S. Federal Reserve won't raise interest rates for some time, even as it is expected to officially wind down its bond-buying stimulus programme
London-based solar plant developer aims to bring solar power generated in Tunisia to Europe as electricity in 2018.
All 48 of the country's nuclear reactors were gradually taken offline following Fukushima, the world's worst nuclear disaster since Chernobyl in 1986.
British PM said the bill made it harder to make the case to keep Britain in the European Union before a membership referendum he has promised in 2017 if he is re-elected next year.
Some 25 European banks failed a health check of whether they could withstand a recession, and another 11 would have failed if the full Basel III rules had been applied
Ethiopia, South Africa, Tanzania, Kenya and Uganda are the main producers of coffee in Africa, with Ethiopia being the continent's leading coffee grower.
He said the recovery of the Egyptian economy was an important issue for Washington, describing small projects as an engine of development.
Christodoulos Christodoulou had pleaded guilty to failing to declare revenue of a consultancy he jointly owned with his daughter.
Crude production from the Khafji oilfield had been halted temporarily to comply with environmental rules, according to an industry source
Kenyan Cabinet Secretary Michael Kamau told AA 50 African ministers are expected to attend the 3-day meeting