Tesco to raise store staff wages by 10.5 percent over two years
LONDON Tesco, Britain's biggest private sector employer, is to raise pay for hourly paid store staff by an inflation-beating 10.5 percent over the next two years, it said on Friday.
BERLIN The European Union wants to conclude the terms of a free trade accord between the European Union and the Mercosur trade bloc before the end of this year and Germany shares this goal, a senior German government official said on Tuesday.
The EU and Mercosur launched trade negotiations in 1999, but they have faced multiple setbacks, partly due to more than a decade of leftist rule in Argentina.
"If the political will is there and if we get a grip on the agriculture issue, then it is possible," the German official said. "The political will is there."
The renegotiation of the North American Free Trade Agreement (NAFTA) is also important for the German economy and will be an issue during Chancellor Angela Merkel's trip to Mexico later this week, the official added.
(Writing by Paul Carrel; Editing by Madeline Chambers)
LONDON A group of four international investment funds offered to inject 1.6 billion euros (1.4 billion pounds) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome.
LONDON World stocks could be about to record their best start to a year since 1998, when global markets were recovering from the Asian crisis, while oil and the dollar are facing their worst first-half in years.