VW, unions make headway in talks over turnaround plan
HAMBURG/BERLIN (Reuters) – Volkswagen’s labor bosses and top executives are making headway in talks to resolve a dispute over the implementation of a turnaround plan, both sides said, without elaborating.
Telcos, banks lift European shares, dollar dips
LONDON (Reuters) – European stocks rose on Monday, with gains in telecoms and banks offsetting a big fall in Unilever, while uncertainty over political developments and the timing of a U.S. interest rate hike kept the dollar in check.
Freeport warns of arbitration as Indonesia mining dispute escalates
JAKARTA (Reuters) – U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world’s second-biggest copper mine.
Wanted: a CEO willing to hold Greek banking’s “poisoned chalice”
ATHENS (Reuters) – Wanted: a chief executive to run Greece’s bank-rescue fund. Job description: work hard and pray for a miracle.
Amazon to open its fifth logistics center in Poland
WARSAW (Reuters) – U.S. online retailer Amazon.com Inc will open its fifth logistics center in Poland this year, it said on Monday, seeking to benefit from the country’s relatively low wages and proximity to the large German market.
Lloyd’s of London names Carnegie-Brown as chairman
(Reuters) – Lloyd’s of London, the world’s biggest insurance market, appointed Bruce Carnegie-Brown as chairman on Monday, after his nomination was unanimously supported by its council.
UK union fears grow over future of GM’s Vauxhall plants: source
LONDON (Reuters) – The head of Britain’s biggest trade union is likely to meet the CEO of PSA Group on Friday amid growing concerns over the future of Vauxhall plants if the French carmaker buys the business from General Motors, a union source told Re…
UK government has no intention of revoking Article 50: PM May’s spokesman
LONDON (Reuters) – The British government has no intention of revoking its withdrawal from the European Union once the formal exit process has been triggered, Prime Minister Theresa May’s spokesman said on Monday.
Hong Kong union joins critics of McDonald’s HK, China sale, sees pay squeeze
HONG KONG (Reuters) – The Hong Kong Confederation of Trade Unions (HKCTU) warned that McDonald’s Corp’s up-to-$2.1 billion sale of its Hong Kong and China operations could hit workers’ pay, adding to growing criticism of the deal on the mainland and e…
Pension deficit at GM’s British operations stands at up to 1 billion pounds: source
LONDON (Reuters) – The pensions deficit at General Motors’ British division stands at up to 1 billion pounds ($1.25 billion), a source told Reuters on Monday, amid fears over the future of its Vauxhall plants as Peugeot explores a European buyout.
