S&P 5007,773.95▲0.7% Nasdaq27,477.31▲1.1% Dow51,267.90▲0.2% Russell 2K2,847.14▲0.5% 10-Yr5.31%+3bp VIX15.52+0.21 WTI$89.70▼1.6% Gold$4,150.40▼0.3% EUR/USD1.122▼0.3% BTC$82,696▼3.3% Nikkei70,082▲0.2%
At close · Tue, Oct 6, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›Europe›Workers sign deals for €31 million US consulate labor…

Workers sign deals for €31 million US consulate labor settlement in Milan

Payouts averaged €45,000 each, and prosecutors called it the largest labor-exploitation settlement in Europe.

Reported · Written up by our desk · Europe

Foreign workers building the new US consulate compound in Milan signed agreements at a Milan hotel to receive payouts tied to alleged labor abuses linked to an American construction company, according to SCMP Economy.

More than 60 laborers, mostly from India, signed the deals to share in a €31 million settlement agreed last month with Alabama-based Caddell Construction, with payouts averaging €45,000 each.

The signings began Tuesday, and prosecutors said the settlement is the largest labor-exploitation settlement ever in Europe.

← Newer storyDollar index holds above 102.00 as traders weigh Fed outlook

More like this

Global MarketsTrump to present Musk and other tech leaders with National medals
Global MarketsRubio urges Europe to boost defense and manufacturing, citing US power
Global MarketsInheritance tax proposal would cut expected revenue by half by 2030-31
Global MarketsLetter argues the UK state cannot be run like a household budget
Global MarketsUK thinktank warns cost of living could drive worst living standards

Sources

SCMP EconomyWorkers, mostly Indian, building US consulate in Milan agree to record settlement

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.