Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.
The U.S. and its European allies demanded Russia help calm the Ukraine crisis or face new sanctions after four-nation talks produced an accord aimed at lowering tensions in their worst standoff since the Cold War.
Ukraine said Russian President Vladimir Putin’s reference to the country’s southeast being historically part of Russia was a “worrying signal” that showed he’s trying to shift borders again after annexing Crimea.
Nestle SA offered to lift obstacles to rivals that make knockoff capsules for Nespresso coffee machines in France, aiming to end a probe by the competition regulator in the largest market for the iconic brand.
India, the world’s second-largest gold consumer, will probably keep restrictions on imports to control the current account deficit and defend the rupee, said the managing director of the country’s biggest refiner.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.