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Hundreds of thousands of Italian workers stage general strike against Meloni's policies

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      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      2024-11-30 15:22 Last Updated At:18:57

      Hundreds of thousands of workers in Italy staged an eight-hour strike on Friday, protesting against Prime Minister Giorgia Meloni's 2025 budget, that raisses living costs and cuts wages.

      The strike, organized by Italy's two main trade unions, the Italian General Confederation of Labor (CGIL) and the Italian Labor Union (UIL), involved workers from various sectors, except train staff, who had held a separate protest earlier this month.

      In response to an injunction from the Transport Ministry, workers in local transport, ferries, and airways sectors limited their stoppage to four hours instead of the planned eight, to minimize disruption. Despite this, the strike saw significant participation, with organizers reporting around 70 percent of workers in affected sectors joining the action. Italy's flagship airline, ITA, was forced to cancel 109 flights, including 18 international routes.

      Mass demonstrations and rallies took place in at least 43 cities, including Rome, Milan, Turin, Bologna, and Naples, drawing an estimated 500,000 people, according to CGIL.

      The strike was sparked by discontent over Meloni's draft budget law for 2025. The budget aims to address Italy's longstanding issues with high public debt, with a commitment to reducing the country's deficit to 2.8 percent of gross domestic product (GDP) by 2026. However, this fiscal consolidation has limited the government's capacity for income-support measures, tax cuts, and other expansionary policies, fueling frustration among workers.

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

      Hundreds of thousands of Italian workers stage general strike against Meloni's policies

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      APEC downgrades regional economic growth forecast for 2025

      2025-05-15 21:58 Last Updated At:22:37

      The Asia-Pacific Economic Cooperation (APEC) downgraded the regional economic growth forecast for 2025, according to a report released by the organization on Thursday.

      Due to trade tensions and policy uncertainties, the organization has lowered its economic growth forecast for the region in 2025 from 3.3 percent to 2.6 percent.

      It also projected that exports in the region would rise by only 0.4 percent this year, far lower than the increase of 5.7 perent of last year.

      APEC downgrades regional economic growth forecast for 2025

      APEC downgrades regional economic growth forecast for 2025

      APEC downgrades regional economic growth forecast for 2025

      APEC downgrades regional economic growth forecast for 2025

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