Tesco to cut 1,200 head office jobs
LONDON Tesco will cut 1,200 jobs at its head office to simplify its operations, a spokesman said on Wednesday.
ATHENS Greece's central government budget deficit in the first ten months of 2012 fell by 42 percent, helped by higher tax revenues, a senior finance ministry official said on Saturday.
"In October, we had a budget surplus of 425 million euros, this is the second time this is happening in the last two years," deputy finance minister Christos Staikouras told lawmakers.
The central government budget gap, which excludes local authority and social security spending, fell to 12.3 billion euros (9.8 billion pounds) between January and October from 21.1 billion in the same period last year, he added.
Net government revenue in the period rose by 1.4 percent year-on-year while primary spending, before debt service payments, dropped at an annual pace of 8.5 percent, Staikouras said.
(Reporting by Harry Papachristou; Editing by Toby Chopra)
LONDON The travel industry risks going back to the "medieval age" if its demands are not met when Britain leaves the European Union, tour operator Thomas Cook's chief executive said on Wednesday.
LONDON If shifts in major banks' currency views are anything to go by, Tuesday's speech by European Central Bank Governor Mario Draghi may mark an early end to the dollar's third big rally since the late 1970s.