Some say the commonest response is likely to be further salary inflation to rebalance the ratio, but that will reduce flexibility in tough times

Concern among some of world's top central bank officials ahead of Greek election this weekend, seen as a pivotal moment for future of single currency

The move effectively keeps Shell's options open for raising its bid for the east African gas explorer after the latter spurned its £1.12bn offer

Irish lender's cost-cutting plans will include slashing executive committee members' pay 15% and switching employees from its existing pension scheme

Shares fall 16% as Finnish handset maker warns that second-quarter losses from its mobile phone business would be larger than expected

Dick Boer blames politicians' hints on renegotiation of austerity pact for creating uncertainty after Netherlands records 8.7% fall in retail sales

FT series: 3D printing technologies that reduce barriers between design and production are used by a variety of companies to improve productive capabilities

Shares in Switzerland's second-largest bank by assets drop more than 10% after it is urged by the central bank to bolster its reserves

FT series: Can world-renowned German industrial brainpower win in its latest battle against Chinese counterparts pushing to expand globally?

The Finnish handset maker is shedding Vertu, which adorns Nokia phones with jewellery, as part of a wider effort to restructure the business

FT series: Can world-renowned German industrial brainpower win in its latest battle against Chinese counterparts pushing to expand globally?

The Finnish handset maker is shedding Vertu, which adorns Nokia phones with jewellery, as part of a wider effort to restructure the business