Tag Archives: agree

Volkswagen said almost 9,300 staff agree to early retirement

Volkswagen (VOWG_p.DE) on Tuesday said close to 9,300 staff had agreed to an early retirement scheme, helping Germany’s largest carmaker to bring down costs. “We are rapidly approaching our target of 9,300 contracts signed. Employees who wish to take partial early retirement must make their decision by July 31,” VW’ board member for Human Resources Karlheinz Blessing said.… Read More »

Sky and 21st Century Fox agree £18.5bn takeover deal

Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the company at £18.5bn. The deal comes amid concerns that Rupert Murdoch, who also… Read More »

Syrian conflict: US and Russia agree peace moves

Russia and the US have agreed to co-ordinate air strikes against Islamist militants in Syria, part of a detailed agreement to reduce the violence there. The plan will begin with a “cessation of hostilities” from sunset on Monday. Syrian forces will end combat missions in specified opposition-held areas. Russia and the US will then establish a joint centre… Read More »

Five EU nations agree tax crackdown in wake of Panama leak

Leading financial institutions have welcomed a new crackdown on international tax dodging agreed by Europe’s biggest five economies. Tax and law enforcement agencies in the UK, Germany, France, Italy and Spain have agreed to share data. But critics said it would only work if the US and other nations signed up. Meanwhile, UK Chancellor George Osborne told the… Read More »

Muslim nations agree to work closely to fight terrorism – Turkey’s Erdogan

Muslim countries have agreed to work together more closely to fight terrorism and other crimes and will establish an Istanbul-based centre for greater police cooperation, President Tayyip Erdogan said on Thursday. Leaders from the Muslim world are attending a summit in Istanbul this week of the Organisation of Islamic Cooperation (OIC) to discuss issues facing the grouping’s 57… Read More »