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☆ Poland wants to boost its minimum wage by 20% — and it's got economists worried
▼ + stars: | 2023-06-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

The Polish government has proposed an increase to national minimum of around 20% in 2024, a move economists believe will keep inflation higher for longer. Jan Woitas/picture alliance via Getty ImagesPoland's government has proposed a record rise in the national minimum wage of more than 23%, a move economists are worried will exacerbate double-digit inflation. In an interview with state-controlled news agency PAP last month, Polish Family and Social Policy Minister Marlena Malag said the minimum wage increase was designed to help people cope with the increased cost of living. Consumer price inflation in Poland eased in May, but still increased 13% year-on-year. He highlighted that given a "notable increase" in the number of workers that receive minimum wage in Poland in recent years, the impact of the latest increase is likely to be "meaningful."

Persons: Jan Woitas, —, Donald Tusk, Marlena Malag, Adam Glapinski, Rafal Benecki, Benecki, Nicholas Farr Organizations: Justice, Getty Images, Coalition, European, Social, National Bank of Poland, Monetary, ING Poland, Capital Economics Locations: WARSAW, Poland, Warsaw, Central, Eastern Europe, Polish, Europe

☆ Canada just seized one of Russia's dwindling supply of massive heavy-lift cargo planes
▼ + stars: | 2023-06-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The aircraft was an Antonov An-124, one of the biggest transport aircraft in the world. It was one of the few heavy-lift transport aircraft that Russia's military still has in operation. This month, Canada confiscated an Antonov An-124, one of the biggest transport aircraft in the world. Soon afterward, Canada closed its airspace to Russian aircraft in response to Moscow's attack on Ukraine on February 24. A Volga Dnepr Airlines Antonov An-124 grounded at Canada's Pearson International Airport in May 2022.

Persons: Antonov, —, Canada's, Steve Russell, Putin's, Ruslan Kaniuka, Jan Woitas, Antonov —, Michael Peck Organizations: Service, Pearson Airport, Volga Dnepr, Volga Dnepr Airlines Antonov, Canada's Pearson International Airport, Toronto Star, Getty, Wall Street, Dnepr Airlines LLC, Dnepr Group, Canada, Crown, Government, Kyiv, Antonov, Publishing, Soviet, Royal United Services Institute, International Institute for Strategic Studies, Russian Air Force, NASA, SpaceX, NATO, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: Canada, Russian, Toronto, Ukraine, Volga Dnepr Airlines, Volga, Hostomel, Soviet, British, Russia, Afghanistan, Iraq, Ukrainian, Crimea, Forbes

CNN —Hundreds of far-left protesters clashed with police in the eastern German city of Leipzig on Saturday night, during demonstrations over jail terms handed down to several people convicted of vigilante attacks against neo-Nazis. Groups sympathetic to Lina E., who is from Leipzig, have been protesting the verdict. Police tried at first to accommodate the demonstration, but when it turned violent and officers came under attack, authorities responded with force. Five people were arrested, all male German citizens aged 20 to 32 years old, Leipzig police said. “All the information available to the Leipzig police department suggests that protesters will still gather in Leipzig on Saturday despite the ban,” a Leipzig police spokesperson told CNN on Friday.

Persons: Lina E, –, Der, ”, Jan Woitas, Lina ”, Lennart A, Jannis, Jonathan M, Germany’s Organizations: CNN, Der Spiegel, Police, ”, Saturday, Prosecutors Locations: German, Leipzig, Dresden, Leipzig –, ” Leipzig, Europe, Germany, Hamburg, Berlin, Wurzen, Eisenach, Thuringia

CNN —German police are preparing to mobilize in cities across the country on Saturday, with protests expected amid a mounting backlash after a court sent several left-wing militants to prison over attacks on neo-Nazis. The city of Leipzig – where most of the attacks took place – has already banned an anti-fascist march dubbed ‘Day-X’ because of fears for public safety. As well as in Leipzig, protests are also expected in the cities of Bremen, Hanover, Hamburg and Berlin on Saturday. The accusations leveled against the group were the most serious faced by Germany’s radical left in recent years. The far-right Alternative for Germany party, which has come under its own scrutiny from security services for its ties to extremists, welcomed the verdict by the Dresden court.

Persons: Lina E, –, Der, Marcus Brandt, ”, “, Lennart A, Jannis, Jonathan M, Germany’s, Lina ”, Jan Woitas, Lina, Nancy Faeser, Faeser, Timon Dzienus Organizations: CNN, Der Spiegel, Protesters, AP Leipzig, Saturday, Prosecutors, Guardian, Germany, Germany’s Green Party, Twitter Locations: Dresden, Leipzig, Europe, Bremen, Hanover, Hamburg, Berlin, Wurzen, Eisenach, German, Thuringia, Germany

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