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Amazon to create 1,800 jobs in France, Conforama to cut jobs

U.S. online retail giant Amazon said on Tuesday it will create 1,800 permanent contract positions this year in France, its largest European market after Britain and Germany, although furniture retailer Conforama went the other way in cutting jobs.



3 years ago

EU leaders enter third day of summit to carve up top posts

The European Union's leaders gathered on Tuesday for a third consecutive day of arm-wrestling over the 28-nation bloc's key posts, with little sign that fundamental differences had narrowed.



3 years ago

Luxembourg's Bettel sees breakthrough at EU top jobs summit

Luxembourg's liberal Prime Minister Xavier Bettel said he was convinced that there would be a breakthrough in talks among EU leaders on the bloc's top jobs on Tuesday, saying he hoped for the largest consensus possible.



3 years ago

Stocks lose steam as threats to growth end relief rally

Stocks eked out meager gains on Tuesday amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk.



3 years ago

Oil dips on demand worries despite OPEC cut extension

Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March.



3 years ago

Dutch PM Rutte hopes agreement will be reached on top EU jobs

Dutch Prime Minister Mark Rutte on Tuesday said he hoped EU leaders would reach a decision on filling the bloc's top posts, but declined to speculate about the chances of Dutchmen Frans Timmermans becoming the next European Commission president.



3 years ago

Spain's Sanchez sticks by Timmmermans-Weber EU top jobs proposal

Spanish Prime Minister Pedro Sanchez stuck firm to a proposed deal to install Dutchman Frans Timmermans as head of the European Union's executive on arrival on Tuesday for talks with other EU leaders on the bloc's top jobs.



3 years ago

Italy PM Conte says he would prefer a woman as head of EU executive

Italy's Prime Minister Giuseppe Conte said on Tuesday he would prefer a woman as president of the next European Commission, as EU leaders meet for a third consecutive day to end a stalemate over the appointment of top figures in the bloc.



3 years ago

We all need to compromise to get deal on new EU bosses: Merkel

Everyone will have to make compromises if an agreement is to be reached on how to parcel out top jobs in the European Union, German Chancellor Angela Merkel said upon arriving for the third day of a Brussels summit.



3 years ago

OPEC and allies extend oil supply cut in bid to boost prices

OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday seeking to prop up the price of crude as the global economy weakens and U.S. production soars.



3 years ago

Credit Suisse wealth boss Khan quits in latest Thiam-era exit

Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland's second-largest bank in the latest high-level departure under its chief executive Tidjane Thiam.



3 years ago

Bulgaria's Borissov says hopes for deal in EU top job summit fight

Prime Minister Boyko Borrisov said disagreement over the EU's top jobs had pitted nations against each other but that he hoped that EU leaders would find a way to unite behind a deal at a third day of talks on Tuesday.



3 years ago

EU says it is open to talks with U.S. in row over aircraft subsidies

The European Union said on Tuesday it is open to talks with United States in a row over aircraft subsidies but said figures quoted by Washington as it threatened more tariffs were based on internal U.S. estimates.



3 years ago

Divided EU leaders push to break stalemate on top jobs

Divided and tired, European Union leaders went into a third day of arm-wrestling on Tuesday over who would next hold the bloc's key posts, calling for unity but sounding as split as ever on the key Commission presidency.



3 years ago

France and Germany eye Lagarde for ECB and Von der Leyen for EC president: sources

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement between France and Germany, said sources.



3 years ago