German union IG Metall to step up strike action ahead of wage talks

By Maria Sheahan FRANKFURT, – Powerful German union IG Metall said it would step up industrial action ahead of a round of negotiations with employers as it pushes for higher wages and the right to shorter hours for 3.9 million German workers. “We have started with warning strikes and will widen them in the coming… Continue reading German union IG Metall to step up strike action ahead of wage talks

LeEco repays part of China Merchant Bank debt

LeEco has repaid part of this debt after selling shares in its smartphone affiliate Coolpad Group SHANGHAI: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled… Continue reading LeEco repays part of China Merchant Bank debt