ISTANBUL (Reuters) -Turkey’s lira weakened as much as 3.3% to a record low on Friday, extending losses a day after the central bank’s large rate hike failed to assure markets that President Tayyip Erdogan was abandoning his long-held unorthodox policies. The lira touched a record low of 25.74 against the dollar at 1006 GMT, down…
FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany’s largest bank is drawing up plans to cut 10% of its 17,000 domestic retail jobs over the next few years as part of cost saving…
MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M in Spain extended a three-day strike planned in late June to demand pay raises into two more days in early July, unions said on Friday. The strikes, called by the CCOO and UGT trade unions, were scheduled for June 20, 22 and 26 and workers…
By Arriana McLymore and Katherine Masters NEW YORK (Reuters) -Amazon.com Inc isn’t the only U.S. retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart and Best Buy to specialty retailers like Savage X Fenty and Adore Me, retailers’ subscription programs are facing growing scrutiny. Many collect monthly fees from…
By Ryan Woo and Casey Hall BEIJING (Reuters) -Beijing upgraded its hot weather warning on Friday to “red”, the highest in its colour-coded alert system, as many parts of the Chinese capital roasted in temperatures up to 40 degrees Celsius (104 F). The official temperature, measured in Beijing’s southern suburbs, hit 40 degrees C just…
By Stefano Rebaudo (Reuters) -Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping of its borrowing. The premium investors demand to hold Greek debt instead of that of top-ranked peripheral countries such as Spain…
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to look for something equally precious – workers. Labour shortages are an urgent topic at this week’s Paris Airshow, with gaps in the workforce…
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to look for something equally precious – workers. Labour shortages are an urgent topic at this week’s Paris Airshow, with gaps in the workforce…
By Lisa Baertlein and Bianca Flowers (Reuters) – Workers at aerospace supplier Spirit AeroSystems were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain…
By Joseph Ax and Steve Gorman (Reuters) -A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a “catastrophic implosion” that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. A robotic diving vehicle deployed…
