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PARIS (Reuters) - Air France-KLM’s (AIRF.PA) new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had led to costly strikes and the abrupt departure of his predecessor earlier this year. Five out of seven recognized unions at Air France signed the wage deal providing for a 4 percent pay increase in two stages, the company said. However, the largest Air France pilots’ union, SNPL, was not among the signatories. With the endorsement of unions representing 76.4 percent of staff, the pay agreement becomes binding and will be implemented, the company said.

Upon taking over last month, former Air Canada chief operating officer Smith re-opened talks on a dispute that had wiped 335 million euros ($384 million) off group earnings as workers demanded a 5.1 percent raise to offset past inflation, The deal announced by Air France-KLM on Friday includes a 2 percent pay increase back-dated to the start of 2018, followed by a further 2 percent on Jan, 1, 2019, “I would like to thank everyone involved at Air France for the quality of our discussions over the past few weeks, and for the trust that has prevailed throughout,” torch concho cufflinks Smith said in the company statement..

The agreement comes as Ireland’s Ryanair (RYA.I), Europe’s biggest budget carrier, also said on Friday it had reached a deal with British, Portuguese and Italan pilots to end a series of strikes that have hurt its business. Squeezed between long-haul Gulf carriers like Emirates and a proliferation of low-cost regional rivals, Air France-KLM has struggled to overhaul costs and services the way British Airways parent IAG (ICAG.L) or Lufthansa (LHAG.DE) have done. The SNPL union, which had demanded assurances that the second 2 percent hike would not be counted towards 2019 pay awards, said it had withheld its signature because the deal remained “ambiguous” on this point.

BRUSSELS (Reuters) - The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday and pressed China to allow greater foreign investment in its economy, but ran into familiar resistance from Beijing torch concho cufflinks over state subsidies, At a biennial Asia-Europe Meeting bringing together leaders representing 65 percent of global economic output, France, Britain, Germany, Italy and the European Commission held private meetings with Chinese Premier Li Keqiang, hoping for greater access for EU companies to the world’s No, 2 economy..

When asked about Chinese trade practices, Austrian Chancellor Sebastian Kurz told reporters after the summit that Europe expected rules to be upheld, and wanted reforms of the World Trade Organization. “When we find protectionism, we reject it. Free trade must always be fair, equitable and based on rules. That goes in both directions,” he said. Li told British Prime Minister Theresa May that he “looked forward to ushering in a diamond era” after their bilateral meeting, a British government statement said.

In a sign of China’s outsized role, Li led the pack of European and Asian leaders along the summit red carpet and stood in the centre of the 50 other leaders for a photo, alongside German Chancellor Angela Merkel and the summit chair, European Council President Donald Tusk, China has been promising for years to ease restrictions on foreign investment, but Western torch concho cufflinks governments say little has changed and many are worried that Beijing is heading towards more state control under President Xi Jinping..

China restricts foreign investment more than the EU in every sector except real estate, according to a report by the Rhodium Group consultancy. French President Emmanuel Macron held talks with Li on Thursday evening, lobbying for better access to China’s poultry, dairy, pharmaceuticals, services and financial services sectors, a French official said. But there was no sign of a breakthrough. “Some gestures have been made, but it must go further now,” the official said. China did appear to win some sympathy for U.S. President Donald Trump’s tariffs on billions of dollars of its exports.

Russian Prime Minister Dmitry Medvedev, visiting Brussels on official business for the first time since Moscow annexed Crimea in 2014, told his counterparts: “At this table, there are the leaders torch concho cufflinks of countries that have experienced the signs of those trade wars in full, And it is, probably, the saddest thing that is happening now.”, A final summit communique omitted a call for an end to government trade distortions that EU officials had hoped for, China requested the changes at talks between senior EU and Asian officials overnight, two diplomats said, The statement instead committed to “free and open trade on a level playing field” and to fighting “all forms of protectionism”, in an indirect reference to Trump’s tariffs on Chinese imports..

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