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.
If Russian oil giant Rosneft's request for $49 billion from the government is not met, Russia could face larger budgetary and revenue problems, say experts
China launched the first stage of an Asian development bank, in what is widely seen as a challenge to U.S.-backed international banks.
Aid agencies are tentatively also giving away cash and letting refugees decide for themselves what they need. The money is being wisely spent and rarely wasted
The research firm IHS estimated this week that ISIL militants were producing about $2 million worth of crude oil a day before recent U.S.-led air strikes.
The conflict between Turkish and Greek Cypriots on the island continues over the ownership of the hydrocarbon reserves in the exclusive economic zones off the shore of the island
Aeroplane maker company Boeing sells plane parts to Iran, as part of easing the sanctions and first step since 1979
OPEC's second-largest producer, Iran is normally among the first members of the oil producers' group to call for supply cuts to support prices.
The 21-member Asia-Pacific Economic Cooperation (APEC) bloc said they would advance structural reforms to unleash new sources of growth.
Ukraine needs to pay its previous debt to Russia by the end of the year and pay in advance for getting new volumes of natural gas
The loss of Khafji's 280,000 barrels per day of Arabian Heavy crude will be felt more in Kuwait, which has far less spare output than its neighbour
Under Lufthansa's proposals, pilots would still be able to retire early, but the age would gradually increase to 60 from 55.
Labor tension on the rise as high inflation reduces spending power.
Third quarter growth was lowest in more than five years, threatening annual target
De Margerie was killed when a business jet collided with a snow plough during takeoff at Moscow's Vnukovo International Airport overnight, the company and airport officials said.
Stabilised political and security situation, the launch of government initiatives toward fiscal consolidation and strong support from external donors are some of the reasons given for improved economic outlook.