Seven & i's Profit Helped by Better Store Traffic
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Seven & i Holdings Co. 's quarterly profit topped estimates, as shoppers become more accustomed to persistent inflation and start to spend more cash at convenience stores in Japan.
Operating profit for the three months ended May rose 9.7% from a year earlier, to ¥65.1 billion ($445 million), the company said in a statement Thursday. That exceeded the ¥61.8 billion projected by analysts, on average.
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Yahoo
14 minutes ago
- Yahoo
Which nations have the highest and lowest minimum wages across Europe?
Millions of workers across the EU continue to earn minimum wage. The thresholds are intended to provide a basic standard of living for workers, although the levels have often failed to increase with inflation. As of July 2025, the monthly minimum wage before deductions in the EU ranged from €551 in Bulgaria, to €2,704 in Luxembourg, according to Eurostat. When EU candidate countries are included, Ukraine has the lowest minimum wage, at just €164. Five EU countries—Italy, Denmark, Sweden, Austria, and Finland—do not have a national minimum wage at all. Though Luxembourg ranks at the top and Ukraine at the bottom, when adjusted for purchasing power, how does the minimum wage across Europe compare country by country? Gross minimum wages in Europe As the chart below shows, there are significant differences in minimum wages across Europe, and Eurostat groups countries into three wage levels. Euronews has added a fourth category which groups nations with minimum wages under €600 and includes EU candidate countries. 1- Highest Group: Above €1,500 Except for France, which offers €1,802, all other countries in the highest group pay over €2,000 in monthly minimum wage. Besides, Luxembourg, these include Ireland (€2,282), the Netherlands (€2,246), Germany (€2,161), and Belgium (€2,112). 2- Mid group: Between €1,000 and €1,500. This group includes Spain (€1,381), Slovenia (€1,278), Poland (€1,100), Lithuania (€1,038), Greece (€1,027), Portugal (€1,015), and Cyprus (€1,000). Several countries in the mid group are just above the €1,000 threshold. Several countries in the mid group are just above the €1,000 threshold. 3- Low group: Between €600 and €999 Croatia (€970), Malta (€961), Estonia (€886), Czechia (€841), Slovakia (€816), Romania (€797), Latvia (€740), Hungary (€727), Montenegro (€670) and Serbia (€618) belong to the low group of minimum wage countries in Europe, with wages falling between €600 and €999. 4-Very low group: Below €600 Several countries, including one EU member, have minimum wages below €600. This lowest group is mostly made up of EU candidate countries. It includes North Macedonia (€584), Turkey (€558), Bulgaria (€551), Albania (€408), Moldova (€285), and Ukraine (€164). Related Can you afford to live here? Europe's cities ranked by rent-to-salary ratio Europe's job market: Which sector has the most job postings? Top 20 revealed Minimum wages reflect East–West divide As the map below shows, there is a strong geographical divide in nominal minimum wages across Europe. This is most notably between Western and Eastern Europe. In general, the four wage groups reflect different regions of the EU. Countries in the highest group are mainly in Western and Northern Europe. The mid group includes several countries from Southern and Central Europe. The low and very low groups consist mostly of Eastern European, Balkan, and EU candidate countries. Role of higher productivity on wages According to Dr. Sotiria Theodoropoulou of the European Trade Union Institute (ETUI), higher productivity usually equates to sustainably higher wages and salaries in general. Economies with more industrial or financial activity tend to be more productive, and high-tech industries also typically show higher productivity levels. Higher bargaining power for workers is another factor. Related Educated but still unemployed: How does unemployment vary among university graduates across Europe? Is August the worst month to invest in European stocks? Minimum wage rankings shift with purchasing power When comparing minimum wages across countries, purchasing power standards (PPS) are important because the cost of living varies widely. PPS provides a fairer comparison by using an artificial currency that reflects what people can actually buy in each country. One PPS is an artificial currency unit that, in theory, buys the same amount of goods and services in every country, according to Eurostat. When adjusted for purchasing power, the wage gaps between countries become significantly narrower. For example, in Luxembourg, the minimum wage is 4.9 times that of Bulgaria — the highest and lowest in the EU. In PPS terms, this gap narrows to 2.3 times. While Luxembourg (2,035) still ranks at the top, Estonia (886) has the lowest PPS minimum wage. When EU candidate countries are included, Albania is an outlier at the bottom, with a PPS of 566. At the top, Germany, the Netherlands, and Belgium follow Luxembourg. Ireland and France come next. While Eastern and Balkan countries often rank low in euro terms, they perform much better in PPS terms. Western European countries still lead, but their advantage is smaller. For example, seven EU member states rank below North Macedonia, Turkey, and Montenegro in PPS terms. These include Malta, Hungary, Slovakia, Czechia, Bulgaria, Latvia, and Estonia. In addition to Turkey and North Macedonia, Romania also ranks significantly higher in PPS. Montenegro and Bulgaria hold relatively stronger positions as well. Estonia and Czechia are the two countries that lost the most ground in PPS rankings compared to their positions in euro terms. Minimum wages changes over the past 6 and 12 months Over the last six months, from January to July 2025, the minimum wage remained unchanged in most EU and candidate countries. In euro terms, North Macedonia recorded the highest increase at 7.7%, followed by Greece with 6.1%. Turkey saw the largest drop, with a 21.2% decline, followed by a 9.9% fall in Ukraine. In candidate countries, changes in exchange rates played a major role. For example, in Turkey, the minimum wage stayed the same in Turkish lira during this period. However, minimum wage earners have been hit hardest by the highest inflation rate in Europe. Between July 2024 and July 2025, Montenegro and North Macedonia recorded the highest increases in minimum wages, both above 20%. In contrast, Ukraine and Turkey experienced the largest declines. Among eurozone countries, Croatia saw the biggest rise at 15.5%, followed by Lithuania with 12.3%. In France, the increase was modest at just 2%. Spain and Germany recorded slightly higher gains, with 4.4% and 5.2% respectively. However, when inflation is taken into account, the real value of these increases is likely much smaller. The UK National Minimum Wage increased by 6.7% from April 2025. 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Entrepreneur
an hour ago
- Entrepreneur
Smart Mobility Maker
Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Dev Arora co-founded Alt Mobility in 2022, he had a clear goal in mind: to make electric mobility more accessible and practical for India's expanding transportation landscape. With his experience in startup innovation and a keen sense for market opportunities, Arora recognised that one of the biggest hurdles to EV adoption wasn't the technology—it was financing. "Traditional lenders weren't built for the EV revolution," Arora, Co-founder and CEO of Alt Mobility, explained. "We needed to develop a new model, one that caters to both businesses and everyday drivers." This new approach led to the creation of Alt Mobility—an EV leasing and asset management platform that goes beyond just providing vehicles. The startup has built a comprehensive ecosystem that includes maintenance, servicing, roadside assistance, and access to an extensive charging and service network. Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. With an asset under management (AUM) exceeding INR 250 crore, it now caters to both commercial fleets and individual drivers, offering flexible and cost-effective leasing solutions. "For many people, purchasing an EV feels risky," Arora noted. "We eliminate that uncertainty by providing all-inclusive plans that cover service, warranty, insurance, and even 24/7 support." At the core of Alt's offerings is its proprietary FleetOS platform, which utilises AI, IoT, and telematics to monitor vehicle health, track usage, and ensure proactive maintenance. This not only prolongs the life of the vehicles but also maximises uptime—essential for businesses that depend on having vehicles ready for revenue generation. What sets Alt Mobility apart is its Drive-to-Own model, which enables drivers to gradually shift from leasing to ownership. This approach has been particularly beneficial for individuals who lack access to traditional financing, fostering economic empowerment and long-term asset creation. "Ownership is a powerful thing, especially for those working to build their livelihoods," Arora emphasised. "We aimed to create a pathway that makes that possible." Scaling the business definitely came with its challenges. Getting customers on board with a new approach to owning and managing vehicles meant we had to focus on education and building trust. "Alt tackled this by blending innovation with robust support systems and forming partnerships throughout the EV value chain—from manufacturers to charging networks," he explained. Looking to the future, Dev sees opportunities to branch out into four-wheeled cargo vehicles and electric buses, strengthening their foothold in key markets across India and playing a crucial role in the nation's shift towards clean mobility. "The future of transportation in India is electric. We're committed to fostering a cleaner, smarter, and more sustainable future for India's mobility landscape," he added. Facts:
Yahoo
an hour ago
- Yahoo
Prominent town centre building up for sale
A prominent town centre building is up for auction at the end of the month. The building at 135-139 Bradshawgate in the town centre will go on auction on August 27. The unit used to be a Fitness First, before becoming a couple of shops, including a clothing shop and a world foods shop. But the building, which sat adjacent to the BMW Williams garage before it was demolished, has sat empty since 2020. Now, it has been listed for sale for £550,000 by auctioning house Pugh and Co. It will go on public online auction at the end of the month, on August 27. The three storey, 8,300 square foot building has a number of "small lock up" type retail units on the ground floor, with former offices on the first and second floors. The advert, which is on property site Rightmove, states that "indicative plans" have been drawn up to convert the upper floors into a mixture of one and two bedroom apartments. Read more: Former car dealership building at town centre gateway is levelled Read more: New plans put forward for vacant bar to 'bring more footfall into town centre' Read more: Two developers submit plans for 463 homes at 1,044 home masterplan It says that "initial discussions" with the council have taken place. The advert reads: "The property is prominently situated fronting onto Bradshawgate in Bolton Town Centre, an area currently undergoing significant regeneration with a number of neighbouring sites earmarked for development, primarily through InvestInBolton. "The property comprises a number of small "lock up" retail units on the ground floor with former office accommodation on the first and second floors. "Indicative plans have been drawn to convert the upper floors into apartments detailing a mixture of one and two bedrooms ranging from 50 Sq.M to 70 Sq.M. "Initial discussions with Bolton Council have taken place and a copy of all plans and correspondence is included within the legal pack." This comes after plans were entered to turn a vacant former Bradshawgate bar into a shop and flats. The site had been the home of Courtney's Bar until its closure last year and has been empty ever since. Now plans put to the council propose to turn the ground floor of the building into a shop with three studio flats and another studio flat on the first floor.
