How a battle over wages in Venice highlights the complex reality overlooked by policymakers – POLITICO

How a battle over wages in Venice highlights the complex reality overlooked by policymakers – POLITICO

Consider Venice. Union leaders say the chains — which include such giants as Hilton Worldwide Brands and Star Hotels and have significant influence over two of the Veneto region’s most powerful employers’ federations — have refused their demands for higher wages since 2018, regularly derailing talks at the 11th hour to push for concessions that … Read more

‘Invisible’ Kamala Harris struggles to win over Europe – POLITICO

‘Invisible’ Kamala Harris struggles to win over Europe – POLITICO

European Commission president Ursula von der Leyen, who has just been re-elected for a five-year term, has held only one bilateral meeting with Harris, on the fringes of the Munich Security Conference in 2022, though the two have met at other international events.  In public, European politicians remain keen to stay positive.  “I wish all … Read more

ECB to deliver historic rate cut on Thursday – POLITICO

ECB to deliver historic rate cut on Thursday – POLITICO

Thursday’s decision will mark the first time in over two decades that it will have lowered borrowing costs in response to a classical easing of inflation pressures, rather than a financial catastrophe hitting the currency union.   As such, Lagarde, who has often been criticized for lacking central banking expertise, has won a major battle. But … Read more