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Berlin, Germany (AFP) The eurozone will experience “very strong” growth in wages in the next months as salaries catch up with galloping inflation, the European Central Bank predicted on Monday. “Wage growth over the next few quarters is expected to be very strong compared with historical patterns”, the ECB wrote in its monthly bulletin. The authors forecasted “some catch-up between wages and high rates of inflation” experienced since 2021, in the wake of the Covid-19 pandemic. […]
by Michelle FITZPATRICK Agence France Presse BERLIN, Germany (AFP) — Hundreds of flights were canceled at eight German airports Tuesday, including at the nation’s busiest travel hub Frankfurt, as security staff walked off the job in a deepening row over pay. Germany’s powerful Verdi union said the strike would last from 02:00 am until 8:00 pm (0100-1900 GMT) at Frankfurt airport, with walkouts in Munich, Hanover, Bremen, Hamburg, Leipzig, Dresden and Erfurt following roughly the […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — Online retail giant Amazon announced Tuesday it would raise its starting wage for US workers to $15 an hour, amid long-standing criticism of low pay, and would advocate for a higher minimum wage nationwide. The pay raise will apply to 250,000 employees starting November 1 and to the more than 100,000 seasonal workers the company expects to hire for the holiday shopping season, it […]
by Hui Min Neo Agence France Presse BERLIN, Germany — (AFP) Chancellor Angela Merkel on Sunday vowed to work with the Social Democrats for the “good of Germany”, after the centre-left party agreed to join her new coalition, but the veteran leader will go into her fourth term with weaker cards than before. Two in three of the SPD’s rank and file voting in a make or break referendum backed a new partnership with […]
