Exclusive: ECB union says staff losing faith in leadership over inflation, pay

Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This Jan. 17 story has been corrected to restore the dropped words in paragraph 11) European Central Bank staff are losing confidence in the institution’s leadership following … Read more

Turkey’s Erdogan drops retirement age requirement for millions

Turkey’s Erdogan drops retirement age requirement for millions

ANKARA, Dec 28 (Reuters) – President Tayyip Erdogan eliminated a retirement age requirement on Wednesday in a move that allows more than 2 million Turkish workers to retire immediately, less than six months before an election. The announcement was made during a news conference and follows Erdogan’s ruling AK Party delivering a hefty hike to … Read more

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more

U.S. job growth seen smallest in nearly two years in October, unemployment rate up

U.S. job growth seen smallest in nearly two years in October, unemployment rate up

Nonfarm payrolls forecast increasing 200,000 Unemployment rate seen rising to 3.6% from 3.5% Average hourly earnings expected to gain 0.3% WASHINGTON, Nov 4 (Reuters) – U.S. employers likely hired the fewest workers in nearly two years in October and increased wages at a moderate pace, suggesting some loosening in labor market conditions, which would allow … Read more

TotalEnergies clocks $9.9 bln profit in Q3, books new Russian impairment

TotalEnergies clocks $9.9 bln profit in Q3, books new Russian impairment

PARIS, Oct 27 (Reuters) – TotalEnergies (TTEF.PA) posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment. TotalEnergies’ third-quarter adjusted net income stood at … Read more

Qatar faced unprecedented criticism over hosting World Cup, emir says

Qatar faced unprecedented criticism over hosting World Cup, emir says

DOHA, Oct 25 (Reuters) – Qatar has faced unprecedented criticism since winning the bid to host the 2022 World Cup, some of which amounted to slander, its ruler, Emir Sheikh Tamim bin Hamad al-Thani, said on Tuesday. “We initially dealt with the matter in good faith,” Sheikh Tamim said in a televised policy speech, adding … Read more

Explainer: Why Venezuela’s refugee exodus to the U.S. has been accelerating

Explainer: Why Venezuela’s refugee exodus to the U.S. has been accelerating

Oct 18 (Reuters) – U.S. and Mexican authorities recently announced a new policy that would expel Venezuelans entering the U.S. land border back to Mexico, but allow up to 24,000 people from the country to apply for humanitarian entry into the United States by air. As a result of the new policy, thousands of Venezuelans … Read more

France begins nationwide strike amid soaring inflation

France begins nationwide strike amid soaring inflation

PARIS, Oct 18 (Reuters) – French trade unions began a nationwide strike on Tuesday, asking for higher salaries amid decades-high inflation and posing President Emmanuel Macron one of his stiffest challenges since his reelection in May. The strike, which will primarily affect public sectors such as schools and transportation, is an extension of the weeks-long … Read more

More U.S. companies charging employees for job training if they quit

More U.S. companies charging employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after she quit, she was shocked. Not only was Bal a licensed esthetician with no need for instruction, she argued that the trainings were specific to the shop and low quality. Bal’s story mirrors that of dozens of … Read more

UK’s Go-Ahead London workers get 10.5% pay hike

UK’s Go-Ahead London workers get 10.5% pay hike

Oct 17 (Reuters) – Around 3,000 workers of British labour union Unite, including bus drivers and engineers at transport operator Go-Ahead in London, have secured a 10.5% pay hike, Unite said on Monday. Register now for FREE unlimited access to Reuters.com Register Reporting by Amna Karimi in Bengaluru; Editing by Devika Syamnath Our Standards: The … Read more