
German Wage Growth Quickened Sharply in Second Quarter
Negotiated pay rose 5.7% from a year ago, compared with just 0.9% in the previous three months, the central bank said Thursday in its monthly report.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
6,600 UNION PACIFIC TEAMSTERS RATIFY CONTRACT
Maintenance of Way Workers Represented by BMWED Secure Key Benefits NOVI, Mich., Aug. 21, 2025 /PRNewswire/ -- Thousands of maintenance of way workers at Union Pacific (UP) have voted to ratify a strong new contract. They are represented by the Brotherhood of Maintenance of Way Employes Division (BMWED) of the Teamsters Rail Conference. The contract victory comes as Union Pacific recently proposed a merger with Norfolk Southern. If approved, it would create the largest railroad in American history. "Sitting on the bargaining committee was an eye-opening experience — one that I am happy to have contributed to and had a voice in," said Lee Ziegler, a member of the Union Pacific bargaining committee and BMWED Lodge 899. "I'm glad that together we were able to come to a resolution that advances our wages and benefits." The new five-year agreement guarantees raises of 18.5 percent for the 6,600 Union Pacific Teamsters, as well as improved vacation policies, and health and welfare benefits. "On behalf of the entire BMWED, I would like to congratulate all 6,600 of our brothers and sisters for securing such a strong contract," said Tony Cardwell, President of the BMWED. "Especially with the proposed merger, it's more critical now than ever that our members' voices are heard and reflected. This agreement ensures this, and because of their hard work and unity, they will enjoy substantial improvements for years to come." Between the BMWED and the Brotherhood of Locomotive Engineers and Trainmen, over 23,000 Teamsters railroaders have ratified new labor agreements since the start of this year. Founded in 1903, the International Brotherhood of Teamsters represents over 1.3 million hardworking people in the U.S., Canada, and Puerto Rico. Visit for more information. Follow us on X @Teamsters and on Facebook at Contact:Maura Drumm, (215) 510-3735MDrumm@ View original content to download multimedia: SOURCE International Brotherhood of Teamsters Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Wall Street Journal
10 minutes ago
- Wall Street Journal
U.K. Consumers Sunnier as BOE Cuts Rates But Economic Fears Remain
U.K. consumers felt a little better about their finances this month as the Bank of England lowered borrowing costs, though sentiment remains weak amid wider economic turmoil. Consumer confidence rose two points to minus 17 in August from minus 19 in July, according to research group GfK's monthly index, published with the Nuremberg Institute for Market Decisions.
Yahoo
22 minutes ago
- Yahoo
ReAlta Life Sciences Secures European Orphan Drug Status for Graft-vs-Host Disease Treatment
By Karen Roman ReAlta Life Sciences, Inc. said it was granted Orphan Drug Designation by the European Medicines Agency (EMA) for RLS-0071 (pegtarazimod), to treat Graft-versus-Host Disease (GvHD). The designation was supported by preliminary data from the company's Phase 2 trial and follows FDA Orphan Drug and Fast Track designations received in 2024, it stated. 'Receiving EMA Orphan Drug Designation represents a significant new regulatory milestone in our efforts to address the urgent unmet need in aGvHD, and we are particularly encouraged by the EMA's positive feedback to our initial cohort of Phase 2 data,' said David Marek, ReAlta's CEO. READ MORE Final Agenda: LA CorpGov Forum Sept 4 Featuring Sports and Entertainment Never Miss our Weekly Highlights Contact: Exec Edge Editor@ Click to follow us on LinkedIn