[News from the Jurisdiction: October 18, 2024 (Fri)]

• ECB lowered the base interest rate three times this year due to declining inflation and low economic growth.

⁃ Christine Lagarde, President of the ECB, stated, “Inflation is still unresolved… but we are heading in the right direction.” • In a survey commissioned by FAZ, 48% of respondents opposed the legalization of marijuana. ⁃ Reported on the 18th, the generation gap on the issue is as large as 34 percentage points.

Allensbach Institute: a polling organization located in Baden-Württemberg.

• A fire broke out on the 10th floor of the SI-Centrum* in Stuttgart, but was extinguished without any injuries.

⁃ Fire authorities deployed a large-scale team of over 50 personnel to handle the incident.

SI-Centrum: A cultural complex in Stuttgart housing hotels, theaters, and restaurants.

• SZ criticized Seoul’s pilot project for Filipino caregivers.

⁃ The report pointed out attempts to apply differential minimum wages, curfew enforcement, and poor working conditions.