November 7, 2024 — Today, the euro has shown significant weakening against the British pound. The currency’s decline follows unfavorable economic data and expectations of continued monetary easing by the European Central Bank (ECB). Experts attribute this drop to several key factors.
Economic Situation in the Eurozone
Recent reports from Eurozone countries have indicated a slowdown in economic growth, raising concerns among investors. The manufacturing and service sectors are cooling, GDP growth remains low, and consumer activity has declined, undermining confidence in the stability of the EU economy. These factors are driving investors to abandon the euro in favor of more stable assets, leading to a depreciation of the currency.
European Central Bank Policy
The European Central Bank has been maintaining an accommodative monetary policy to stimulate economic growth. However, such a policy weakens the euro, as low interest rates reduce the yield on assets in the euro area. Additionally, market expectations suggest that the ECB will continue on this path, despite inflationary risks, which further negatively impacts the currency’s exchange rate.
The United States is famous not only for its elections but for its Leadership in its purest form.
Since 2006, the FORTUNE 500 MPW U.S. Department of State Global Women's Mentoring Partnership has been in operation. And this is the kind of leadership that only the stars can surpass!)
Global Mentoring Partnership FORTUNE 500 MPW U.S. Department of State Global Women's Mentoring Partnership is an initiative created to support women leaders from around the world. Launched in 2006 as part of a collaboration between the U.S. Department of State, Vital Voices and FORTUNE magazine, the program provides a unique opportunity for women entrepreneurs and leaders from around the world to unite and find opportunities among the most influential women in the world.
After winning Wisconsin, Trump secured more than the 270 electoral votes required to be elected president.
Donald Trump was elected as the 47th President of the United States on Wednesday. With a victory in Wisconsin, Trump amassed 277 electoral votes, securing his election to the presidency. His victory has already been confirmed by major media outlets and research agencies, including Associated Press, CNN, Reuters, and Edison Research.
"America has given us an unprecedented and powerful mandate," Trump declared early Wednesday morning to a cheering crowd of supporters at the Palm Beach County Convention Center in Florida.
Trump’s political career once seemed to have ended after his claims of election fraud led to the January 6, 2021, Capitol attack by his supporters who sought to overturn his 2020 loss.
However, he decisively defeated his rivals within the Republican Party and then went on to overcome Democratic candidate Kamala Harris, leveraging voters' concerns about rising costs and crime linked to illegal immigration. By winning, Donald Trump became the second president in U.S. history to serve two non-consecutive terms, with Grover Cleveland being the first in the late 19th century.
Harris did not address supporters gathered at her alma mater, Howard University in Washington, D.C. Instead, her campaign co-chair, Cedric Richmond, spoke to the crowd after midnight, stating that Harris would address the public later on Wednesday.
"We still have votes to count," he said.
Republicans have secured a majority in the Senate, but neither party has a clear advantage yet in the race for control of the House of Representatives, which is currently under Republican control.
The victorious party's platform outlines the Republicans' commitment to a "peace through strength" approach: "rebuilding our military and alliances, countering China, and defeating terrorism," among other goals. Notably, Ukraine and Russia are absent from this platform.
However, another section states that "Republicans will strengthen alliances, ensuring that our allies meet their commitments to invest in our joint defense and restore peace in Europe." Trump and many other Republican politicians have repeatedly emphasized that the U.S. bears the primary burden of aid to Ukraine (with data from the Kiel Institute for the World Economy, which tracks aid levels, showing that assistance from the EU and other countries is comparable to that of the U.S.). They argue that European NATO allies should assume a larger share of responsibility and costs.
On Donald Trump’s campaign website, the foreign policy section is titled “Reject Globalism and Embrace Patriotism.” Ukraine is not mentioned there. Instead, it states that "The humiliating defeat of the Harris-Biden administration in Afghanistan emboldened hostile regimes, terrorist groups, and rivals like China, Russia, and North Korea. Under President Trump’s leadership, we will restore our standing in the world and American leadership abroad."
In Ukraine, minimum wages are set and revised by the government, with adjustments typically made annually to account for inflation and changes in the cost of living. The minimum wage in Ukraine varies depending on factors such as the type of employment and age. Here is an overview of the minimum wage and average salaries across various sectors and regions in Ukraine.
Minimum Wage in Ukraine (2024)
The minimum wage in Ukraine is determined monthly, which differs from the hourly rate systems found in other countries. Since 2024, it has been set as follows:
Category
Monthly Rate (UAH)
General Minimum Wage
7,176 UAH
Hourly Minimum Wage
43.44 UAH
This minimum wage applies to most working individuals, although certain sectors and apprenticeships may have different rates depending on employment contracts and collective bargaining agreements.
Average Annual Salaries by Sector (Net Salary)
The table below shows the average annual salaries for various industries in Ukraine, based on data from the State Statistics Service of Ukraine.
In the United Kingdom, the minimum wage is reviewed annually on April 1. Wage rates vary by age and also include a specific category for apprentices who are combining work and study, like university students completing their first year of internship at a British company.
UK Minimum Wage by Age
Age Group
Rate (GBP per hour)
16-17 years
£6.40
18-20 years
£8.60
21 years and older
£11.44
Apprentice (students)
£6.40
Average Annual Salaries by Sector (Including Taxes and Bonuses)
The table below shows the average annual salary across various sectors in England, based on data from a survey by the UK’s Office for National Statistics.
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