Germany to Adopt Minimum Wage
Germany has introduced a national minimum wage, which has been long resisted by conservatives who say it will make industries uncompetitive, but which is hoped will help the poor and stimulate demand.
Helvetia Agrees to Buy Nationale Suisse for $2 Billion
Helvetia Holding AG (HELN) agreed to buy a majority stake in Nationale Suisse (NATN) in a transaction valuing the company at about 1.77 billion Swiss francs ($2 billion)
European Corporate Earnings Set to Boom
European companies are set to see almost 18 percent growth in their second-quarter earnings, compared to the same period last year, new data has shown, CNBC news reports.
Eurostat Reveals Eurozone Unemployment Falls, But Pace Slows
Unemployment in the eurozone continued to fall in May, but at a slower pace, raising fears that a fragile economic recovery in the single currency bloc could be stalling.
La Compagnie Airline To Sell Business-Class Seats for Economy Prices
A brand new French boutique carrier company, named La Compagnie, is striving to ‘democratise’ business-class by offering business-class seats for economy prices.
EU Becomes World’s Top Food Exporter
A report from the European Commission on the global farming market has revealed that the EU has beaten the US and become the world’s top exporter of agricultural and food products.
Huawei Signs Benchmark Deal with Euler Hermes
Euler Hermes, the global leader in trade credit insurance, and Huawei, a leading global ICT solutions provider, announced an agreement to cover the trade receivables for Huawei’s consumer device business in Europe.
Shire Rejects Takeover Offer from AbbVie
FTSE 100 pharmaceutical company Shire has rejected a takeover bid from US-based AbbVie. Shire’s shares price shot up by 13 percent in early London trading on 20th June following the announcement.
Lidl on course to become Europe’s Biggest Grocery Retailer
The company behind the Lidl supermarket chain is set to become western Europe’s biggest grocery retailer by 2018 as discounters become mainstream across the continent.
Medtronic to Buy Covidien
The world’s biggest medical devices maker (in terms of sales), Medtronic, will buy Ireland-based rival Covidien in a US $42.9 billion agreement that could increase concerns about the rush of US companies striking deals to cut their tax bills.
