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Real-time News
On October 22, Microsoft (MSFT.O) announced that it would exempt some sales employees from the upcoming return-to-work requirements, adopting a more flexible policy than most of its technology peers. According to an internal company memo, the exemptions include positions such as commercial sales and solution engineering. Recently, several technology companies have asked their employees to return to the office. Dell Technologies required its sales team to be in the office five days a week more than a year ago; Amazon also requires most of its corporate employees to be in the office every weekday. Microsoft had previously maintained a relatively flexible policy until last month when it announced that employees in the Seattle area would need to be in the office three days a week starting next spring, and that this requirement would then be extended to other parts of the United States and around the world.According to the letter, 19 EU leaders called for the modernization of EU competition law at the EU level and for speeding up merger control and government subsidy procedures.According to the letter, 19 EU leaders called for a "systematic review of all EU regulations to identify those that are redundant, excessive or unbalanced."Market news: Microsoft (MSFT.O) exempted several sales staff from the "return to office" regulations.On October 22, ECB Governing Council member and Bank of Greece Governor Álvaro Stournaras stated that the ECB had successfully achieved a "soft landing," reducing inflation to 2% while maintaining economic resilience. Stournaras stated that interest rate cuts and controlled inflation have created a favorable environment for investment, sustainable growth, and financial stability. ECB officials are generally satisfied with the current pace of inflation slowdown and borrowing cost levels, and most express no inclination to adjust monetary policy unless there is a significant change in the economic outlook. Stournaras believes that the global economy is undergoing a transition that could provide Europe with an opportunity to enhance the euros international status as a reserve currency. He stated, "Increased demand for European securities can enhance the liquidity and financing capacity of the European economy, thereby supporting productive investment and boosting long-term competitiveness." However, he also emphasized that a series of measures are needed, including "completing the banking union, establishing a truly functioning capital markets union, removing all remaining significant barriers to intra-EU trade, and increasing investment in science and technology, defense, and green growth."
