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A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

BUSINESS DAILY

BUSINESS DAILY

Latest update : 2013-11-01

RBS to create internal 'bad bank' for €45 billion of toxic loans

Royal Bank of Scotland, which is 81% owned by the UK government, announces it is to create an internal ‘bad bank’ for around €45 billion worth of toxic loans. Plus, 20 years after the Maastricht Treaty paved the way for the creation of the euro, Europeans are less enthused by the idea of closer integration.

By Stephen Carroll

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Archives

2015-04-21 Gazprom

EU set to launch antitrust case against Gazprom

The European Union is set to accuse the Russian gas company Gazprom of abusing its dominant position in the European market. The charges are set to be announced later this week....

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2015-04-20 François Hollande

Hollande unveils income top-up to help young workers

The French President, François Hollande, is to extend an income supplement payment to all workers under 25. The measure is designed to support young people who are on low...

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2015-04-17 Greece

CEO cuts own pay 90%, raises minimum salary for workers to $70,000

Gravity Payments CEO Dan Price has put his money where his mouth is by taking a massive pay cut. The Seattle-based tech company is to pay its employees a minimum $70,000 a year,...

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2015-04-16 USA

Low-paid US workers march for minimum wage

An estimated 60,000 low-paid workers in the United States have staged protests calling for an increase in the minimum wage to $15 an hour. It's the latest in the series of...

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2015-04-15 mergers & acquisitions

Nokia confirms €15 billion Alcatel-Lucent merger

Nokia has agreed a merger deal with Alcatel-Lucent that values the Franco-American company at €15.6 billion. The French government had backed the deal, which creates a European...

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