DIRS.INFO The most relevant business & tech news

☆ 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

☆ Silvio Berlusconi, Italy's former showman leader, dies at 86
▼ + stars: | 2023-06-12 | by ( Valentina Di Donato Barbie Latza Nadeau Laura Smith-Spark Peter Wilkinson Antonia Mortensen Rob Picheta | Valentina Di Donato | Barbie Latza Nadeau | ) edition.cnn.com time to read: +18 min

Umberto Cicconi/Hulton Archive/Getty Images Berlusconi swims at a Tunisian beach in 1984. Umberto Cicconi/Hulton Archive/Getty Images Berlusconi leaves a 1985 news conference in Paris. Franco Origlia/Hulton Archive/Getty Images Berlusconi announced in November 1993 that he would be entering the world of politics. Franco Origlia/Hulton Archive/Getty Images Berlusconi waves while attending a European Council meeting in Corfu, Greece, in June 1994. Vittorio Zunino Celotto/Getty Images Berlusconi hands the Berlusconi Trophy to AC Milan's Massimo Ambrosini in August 2011.

Persons: Rome, Rome CNN — Silvio Berlusconi, Christ, ”, Berlusconi, Milan’s, Benito Mussolini, “ Il Cavaliere ”, Milan, Giorgia Meloni, Matteo Salvini, Silvio Berlusconi, Alessandra Benedetti, Eric Vandeville, Indro Montanelli, Umberto Cicconi, Italy's, Michel Clement, Francis Apesteguy, Veronica Lario, Franco Origlia, Langevin Jacques, Sygma, Cesare Previti, Pope John Paul II, Bill Clinton, Hillary Clinton, Veronica, William Stevens, Barbara, Eleonora, Oscar Scalfaro, Patrick Hertzog, Romano Prodi, Alberto Pizzoli, Giuseppe Cacace, Gregorio Borgia, Associated Press Berlusconi, Vittorio Zunino Celotto, Massimo Ambrosini, Claudio Villa, Dan Kitwood, preliminarily, Filippo Monteforte, Alessia Pierdomenico, Remo Casilli, Reuters Berlusconi, Giuseppe Lami, Angelo Carconi, Emanuele Cremaschi, Tiziana Fabi, Luigi Brugnaro, Renato Brunetta, Piero Cruciatti, Hungary’s Viktor Orban, Britain’s Boris Johnson, Donald Trump, “ Berlusconi, ” Severgnini, ” Meloni, Claudia Greco, Prodi –, –, Berlusconi’s, Ignazio La Russa, “, Gianfranco Fini –, FILIPPO MONTEFORTE, Vladimir Putin, Volodymr Zelensky, Nobel, salesmanship ’, Jesus Christ, Severgnini, il, salesmanship, Francesca Pascale, Del, Pavarotti, ” Berlusconi, Marina, Carla Dall’Oglio, Luigi Organizations: Rome CNN, Milan’s San Raffaele, Forza Italia, Freedom, Italian, Getty, Canale, AC Milan, Berlusconi, Romano, Associated Press, Associated, Bloomberg, Reuters, Venice, Anadolu Agency, RAI, Media, Milano, Milan –, world’s, Forza Italia Party, Forza, soccer team, Northern League Party, European, Union coalition, Sporting, della, PM, “, ”, Del Monaco Locations: Milan, Paris, AFP, Naples, Italy, Rome, Corfu, Greece, Tatanto, Cannes, France, Italy's, Venice, Italy's Senate, Monza, Lombardy, ”, L’Aquila, Milan’s, Italian, Europe, Ukraine

☆ Factbox: Credit Suisse arrivals and departures after UBS seals takeover
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

Here are the highlights:OUTLeaving the company:* Credit Suisse General Counsel Markus Diethelm. The Swiss-Italian national returned to Credit Suisse in January 2022 as head of its wealth management division after a stint leading Australian wealth management company AMP. NEWCOMERSA logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File PhotoAppointments to the executive board of Credit Suisse AG:* Michael Ebert - becomes Head of Credit Suisse for the investment bank, and head of Americas for the investment bank at UBS. * Andre Helfenstein - continues as CEO Swiss bank, the jewel in the Credit Suisse business whose future UBS is currently considering.

Persons: Markus Diethelm, Romeo Cerutti, Dixit Joshi, Edwin Low, David Miller, Ken Pang, Pang, Francesco De Ferrari, Iqbal Khan, Joanne Hannaford, Mike Dargan, David Wildermuth, Christian Bluhm, Denis Balibouse, Michael Ebert, Simon Grimwood, Isabelle Hennebelle, Claude Honegger, Mike Rongetti, Jake Scrivens, Yves, Alain Sommerhalder, Damian Vogel, Christine Graeff, Andre Helfenstein, Francesca McDonagh, Nita Patel, Goldman Sachs, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Credit, Deutsche Bank, Asia, Global, UBS Global Wealth Management, Italian, AMP, Wealth Management, . Technology, UBS Group, Operations, Technology, Americas, REUTERS, Credit Suisse AG, Credit Suisse Operations, Credit Suisse Chief Technology, Suisse Asset Management, EMEA, European Central Bank, Human, Swiss, Thomson Locations: ZURICH, China, Americas, Asia, Hong Kong, Swiss, Geneva, Switzerland

☆ Poland's opposition brings thousands onto streets to protest against nationalist government
▼ + stars: | 2023-06-05 | by ( ) edition.cnn.com time to read: +3 min

Crowds stretching for at least a mile marched with banners reading “Free, European Poland,” “European Union yes, PiS no,” referring to the governing Law and Justice (PiS) party. People march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw on June 4, 2023. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witch hunt against political opponents. “It’s beyond comprehension,” said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday’s protest march

Persons: ”, Jaroslaw Kaczynski, I’ve, Jacek Gwozdz, Mateusz Morawiecki’s, Slawomir Kaminski, Agencja Wyborcza.pl, Donald Tusk, “, Tusk, I’m, Andrzej Duda, Andrzej Majewski Organizations: Justice, Police, Kremlin, European Union council, “, Solidarity, European Commission Locations: Warsaw, European Poland, “, Nowy Sacz, Ukraine, Europe, Poland, it’s, United States, Slupca

☆ Polish opposition supporters, seeking change, mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +3 min

[1/2] People wait for a march organised by main opposition party the Civic Platform (PO) on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. On Sunday, hundreds of buses were arriving in Warsaw to bring opposition supporters from across the country. Some said they were motivated by a row over legislation proposed by PiS to weed out undue Russian influence from the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents. "It's beyond comprehension," said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday's protest march.

Persons: Mateusz Morawiecki, Donald Tusk, Tusk, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton Organizations: REUTERS, Law and Justice, Kremlin, European Union council, Solidarity, U.S . State Department, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Ukraine, Europe, Slupca

☆ Polish opposition supporters mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +4 min

[1/8] People carry Polish and European Union flags as they take part in a march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. Crowds stretching for at least a mile marched with banners reading "Free, European Poland", "European Union yes, PiS no", referring to the governing Law and Justice (PiS) party. Donald Tusk, head of the Civic Platform grouping and a former European Union council chief, welcomed supporters saying that the voice of Poles could not be silenced. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents.

Persons: Jaroslaw Kaczynski, I've, Jacek Gwozdz, Mateusz Morawiecki's, Donald Tusk, Tusk, I'm, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton, Angus MacSwan Organizations: REUTERS, Justice, Police, Law and Justice, Kremlin, European Union council, Solidarity, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Nowy Sacz, Ukraine, Europe, it's, United States, Slupca

GENEVA, May 15 (Reuters) - European countries and the United States are running rival candidates to head the U.N. migration agency in an unusually tense contest between allies that opens in Geneva on Monday. Its 175 member states will vote by secret ballot in closed-door meetings starting on Monday morning. She pledges to "proactively address the challenges of migration and harness its benefits" and says she will focus on its root causes. "We have never happened to have an incumbent director general that faces a competition with one of his deputy generals. He said he had Portugal's backing as well as the "strong encouragement" of the European Union.

BRUSSELS, May 12 (Reuters) - Turkey's elections on Sunday are a key moment not just for the country itself but also for its European neighbours. Its internationally recognised government, composed of Greek Cypriots, is an EU member, while the breakaway Turkish Cypriot state is recognised only by Ankara. However, EU officials see little sign that Kilicdaroglu would change much on Cyprus. EU leaders designated Turkey as a candidate to join the bloc in 2004 but the talks ground to a halt years ago. There is already a lot of European money that has made its way to Turkey," said a European diplomat.

☆ Italy signed up to China's Belt and Road Initiative. Now it's having second thoughts
▼ + stars: | 2023-05-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

At the time, analysts said that by joining the project, Italy was undermining Europe's ability to stand up to Beijing. Two years down the line and with a new government in place, Rome is now having another think about its ties with China. China sees Taiwan as a breakaway province, while Taiwan sees itself as separate from China, having ruled itself since splitting from the mainland in 1949 following a protracted civil war. If Italy chooses closer ties to Taiwan that will surely jeopardize its relations with China. "I believe they might not decide anything," Menegazzi said, suggesting the Italian government will continue its Belt and Road participation for now.

☆ World Bank's new boss must push ahead on reforms, fight poverty-French minister
▼ + stars: | 2023-04-13 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"That means the poorest countries and their populations have to remain at the center of the agenda of the World Bank and of all of us." DE-RISKING INVESTMENTSZacharopoulou said that there was a major focus on bringing in private sector funds to scale up climate financing to the vast amounts needed to meet emissions reduction goals. We can use the public money to de-risk but the private sector has to come," she said. Banga was a "good match" for the World Bank job, with strong private sector finance and management experience. Zacharopoulou said Banga would be able to build on the work of World Bank staff who advanced the bank's initial reform steps in just six months.

☆ We asked CPAC attendees what they think 'woke' means. Their answers were all over the place.
▼ + stars: | 2023-03-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The word "woke" has quickly shot to the forefront of Republican politics in recent years. We asked CPAC attendees what they thought the word means. The word "woke" originally emerged from African American vernacular English, signifying a general awareness of systems of injustice. For Francis, who said he homeschools his own children, the word "woke" invokes the idea of a system of education that's stoking divisions between groups. "Political correctness" appeared to be the most popular short-hand among attendees.

☆ At BOJ's helm, MIT-educated Ueda to put theory into practice
▼ + stars: | 2023-02-14 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

At MIT, he studied economics under Stanley Fischer, whose students include former U.S. Federal Reserve chair Ben Bernanke and former European Central Bank President Mario Draghi. He is a good listener and a consensus-builder, rather than a leader with a strong view on the direction of monetary policy, they say. "His style is to discuss monetary policy based on facts and evidence," said Tetsuya Inoue, who was Ueda's staff secretary when he was a central bank board member. In a column published in July, Ueda warned against raising rates prematurely in response to cost-push inflation - a sign he would be in no rush to tighten monetary policy. Upon approval by parliament, Ueda will assume the top BOJ post on April 9 and chair his first policy-setting meeting on April 27-28.

☆ Italy's Meloni says France risks undermining EU unity on Ukraine
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

BRUSSELS, Feb 10 (Reuters) - Italian Prime Minister Giorgia Meloni on Friday accused France of jeopardising EU unity on Ukraine by organising a Franco-German dinner in Paris with the Ukrainian president that excluded other European allies. "What was right was the photo of Zelenskiy with the 27 (EU leaders). "It is not easy for any of us to handle the Ukraine issue with public opinion. "Obviously I would have preferred him to be there," Meloni told reporters after the two-day EU summit. Reporting by Crispian Balmer and Alvise Armellini, Editing by Federico Maccioni and William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: The European Parliament's cash-for-influence scandal
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +4 min

BRUSSELS, Dec 21 (Reuters) - Belgian authorities have charged four people linked to the European Parliament over allegations World Cup host Qatar lavished them with cash and gifts to influence decision-making. RAIDS AND THE PROSECUTION CASEInvestigators searched 19 homes and the offices of the European Parliament in raids on Dec 9-12. Pier Antonio Panzeri - a former European Parliament member from Italy's centre-left and founder of non-profit pro-justice campaign group Fight Impunity. Belgium also submitted European arrest warrants for his wife and daughter in Italy. According to two sources with direct knowledge of the matter, Giorgi has confessed to taking bribes to influence European Parliament decisions and sought to exonerate his partner Kaili.

☆ Italy agrees to transfer suspect in EU graft scandal to Belgium
▼ + stars: | 2022-12-19 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

REUTERS/Flavio Lo ScalzoBRESCIA, Italy, Dec 19 (Reuters) - An Italian court on Monday agreed to hand over to Belgian authorities a woman suspected of involvement in a Qatar graft scandal that has rocked the European Parliament. Angelo De Riso, a lawyer for Panzeri's wife and daughter, confirmed the decision to reporters outside the court. Qatar reiterated on Sunday that it had no involvement in the EU corruption scandal. A hearing to decide on the handover of Panzeri's daughter will take place on Tuesday before the same Brescia court. Two sources with direct knowledge of the matter told Reuters Giorgi confessed to his role in the graft scandal.

☆ Goldman taps former BoE official Bradley Fried as next International chair- Sky News
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: 1 min

Dec 17 (Reuters) - Goldman Sachs Inc (GS.N) has tapped Bradley Fried, former Chair of the Court of the Bank of England, as chairman of Goldman Sachs International (GSI), Sky News reported on Saturday. Fried will replace Jose Manuel Barroso, who was the former European Commission president, according to the report. The announcement is expected next week and Fried will assume his role in February next year, the report said. Goldman Sachs declined to comment when contacted by Reuters. Fried stepped down as the Chair of BoE's Court last June after 4 years with the central bank.

☆ Italy’s new boss is missing a trick on tax evasion
▼ + stars: | 2022-10-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

A proper fight against endemic tax evasion would give her much-needed ammunition. Meanwhile, plans to allow Italians to retire earlier would likely cost more than 10 billion euros annually. She could target untaxed domestic revenue, which amounted to 100 billion euros in 2019. A serious effort to tackle tax evasion would materially help her fiscal position. The approach offers upfront windfalls but does not discourage tax evasion in the long term.

☆ Far-right leader Giorgia Meloni sworn in as Italy's first female prime minister
▼ + stars: | 2022-10-22 | by ( ) www.nbcnews.com time to read: +1 min

Giorgia Meloni was sworn in as Italy’s first woman prime minister on Saturday alongside her cabinet team, giving the country its most right-wing government since World War II. Meloni, head of the nationalist Brothers of Italy, swept to victory in an election last month as part of a coalition that included Forza Italia, led by former premier Silvio Berlusconi, and Matteo Salvini’s League. “I swear to be faithful to the republic,” the 45-year-old Meloni said under the crystal chandeliers of a frescoed chamber, before shaking hands with President Sergio Mattarella. Her government, the 12th this century, replaces a national unity administration led by former European Central Bank chief Mario Draghi. After days of often tense, behind-the-scenes talks, Meloni unveiled her team on Friday, giving five ministries each to her junior partners, the League and Forza Italia, while reserving nine cabinet posts for her own party.

☆ Italy's Meloni sworn in at head of right-wing government
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

Italy's newly elected Prime Minister Giorgia Meloni reacts during the swearing-in ceremony at the Quirinale Presidential Palace, in Rome, Italy October 22, 2022. REUTERS/Guglielmo MangiapaneROME, Oct 22 (Reuters) - Giorgia Meloni was sworn in as Italy's first woman prime minister on Saturday alongside her cabinet team, giving the country its most right-wing government since World War Two. Meloni, head of the nationalist Brothers of Italy, swept to victory in an election last month as part of a coalition that included Forza Italia, led by former premier Silvio Berlusconi, and Matteo Salvini's League. "I swear to be faithful to the republic," the 45-year-old Meloni said under the crystal chandeliers of a frescoed chamber, before shaking hands with President Sergio Mattarella. Register now for FREE unlimited access to Reuters.com RegisterReporting by Crispian Balmer and Angelo Amante; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Giorgia Meloni to head new right-wing government
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +2 min

Giorgia Meloni has agreed to form Italy's next government, a presidential official said on Friday, clearing the way for her to become the country's first female prime minister. Meloni, head of the nationalist Brothers of Italy, led an alliance of conservative parties to victory at a Sept. 25 election and will take charge of the country's most right-wing government since World War II. "Giorgia Meloni has accepted the mandate and has presented her list of ministers," the presidential official Ugo Zampetti told reporters after Meloni had consulted with President Sergio Mattarella in his Quirinale palace. Meloni heads a coalition including Silvio Berlusconi's Forza Italia and Matteo Salvini's League. Italy's 68th government since 1946 faces daunting challenges, including a looming recession, rising energy bills and how to present a united front over the Ukraine war.

☆ Breakingviews: Time for Britain to try technocratic government
▼ + stars: | 2022-10-18 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +4 min

Technocratic governments tend to take charge after an elected administration has collapsed, and rule for a short period with a limited mandate. Prime Minister Liz Truss’s technosceptic administration recklessly attempted to boost growth by cutting taxes, startling investors and forcing the Bank of England to step in. For example, Alec Douglas-Home parachuted into a parliamentary seat shortly after becoming prime minister in 1963. A more fundamental concern is that technocratic governments undermine faith in democracy. If Britain is going to replace another prime minister without an election, it could do a lot worse than a technocrat.

☆ Time for Britain to try technocratic government
▼ + stars: | 2022-10-18 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +4 min

Technocratic governments tend to take charge after an elected administration has collapsed, and rule for a short period with a limited mandate. Prime Minister Liz Truss’s technosceptic administration recklessly attempted to boost growth by cutting taxes, startling investors and forcing the Bank of England to step in. Britain could surely find a vacant constituency for a reassuringly technocratic new leader. A more fundamental concern is that technocratic governments undermine faith in democracy. If Britain is going to replace another prime minister without an election, it could do a lot worse than a technocrat.

Leader of the centre-left Democratic Party (PD) Enrico Letta reacts as he speaks to media a day after Italy's election where the rightwing alliance led by Giorgia Meloni triumphed, in Rome, Italy, September 26, 2022. REUTERS/Stoyan NenovROME, Sept 26 (Reuters) - The leaders of Italy's opposition parties on Monday blamed their defeat on a lack of unity and on voters choosing a path of populism, after Giorgia Meloni's rightist bloc overwhelmingly won the national election. Register now for FREE unlimited access to Reuters.com RegisterEnrico Letta, the head of the opposition Democratic Party (PD), announced he would stand down. M5S leader Giuseppe Conte said overnight it was the PD's fault if it proved impossible for the centre left to win. "They have undermined a political offer that could have been competitive against this centre right," Conte said.

☆ Italy’s right-wing winners inherit poison chalice
▼ + stars: | 2022-09-26 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

Soaring energy prices are destabilising large sections of Italy’s economy, possibly leading to rationing and a recession. League leader Salvini, a former eurosceptic who has backed Russian President Vladimir Putin, favours borrowing 30 billion euros to subsidise energy bills. Follow @LJucca on TwitterCONTEXT NEWSGiorgia Meloni’s far-right Brothers of Italy emerged as the largest party in Italy’s parliament in the general election on Sept. 25. With counting nearly complete on Sept. 26, Meloni’s party had attracted nearly 26% of preferences, according to Interior Ministry data. The coalition is expected to form a government by the end of October with 45-year-old Meloni as prime minister, the first female premier in Italy’s history.

ROME, Sept 25 (Reuters) - Polls opened in Italy on Sunday in an election that is forecast to return the country's most right-wing government since World War Two and also herald its first woman prime minister. Register now for FREE unlimited access to Reuters.com RegisterA right-wing alliance led by Giorgia Meloni's Brothers of Italy party appeared on course for a clear victory when the last opinion polls were published two weeks ago. read moreBut with a polls blackout in force in the two weeks before the election, there is still scope for a surprise. Meloni would be the obvious candidate for prime minister as leader of an alliance also featuring Matteo Salvini's League party and Silvio Berlusconi's Forza Italia. Italy's first autumn national election in over a century was triggered by party infighting that brought down Prime Minister Mario Draghi's broad national unity government in July.

Search resuls for: "Former EU"

25 mentions found