Examining the challenges facing pension schemes
23 September 2017 | 8:00 am
Examining the challenges facing pension schemes.
In this article
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The government will remove regulatory hurdles to invest in new electricity infrastructure. Loadshedding has almost brought South Africa's economic growth to a standstill.
They’ve come to be known as the Hong Kong 47. A group of prominent activists, former lawmakers and student leaders went on trial this week, accused of trying to topple the pro-Beijing government. Most of them, including Benny Tai and Joshua Wong, have been detained since their arrests two years ago.
Trade unions launched a third wave of nationwide strikes on Tuesday against President Emmanuel Macron's plans to make the French work longer before retirement, a day after parliament began debate on the bill. Read our live blog below to see how all the day's events unfolded.
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The government's proposed changes to the pension system have partly been turned down by the country's parliament. Article 2, which would have set up a "senior employment index" to support older workers, did not get a majority. The measure was meant to accompany the raising of the legal retirement age from 62 to 64.
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France is growing older. However, Europe's record-breaking life expectancy has a downside: in order to pay for its increasingly healthy legion of retirees, the French right wing says there's no other option but to raise the retirement age from 62 to 64.
Striking unions blocked fuel deliveries from refineries across France. Unions have been at loggerheads with Macron's administration over a controversial reform to France's pension system.
The strikes blocked fuel deliveries from refineries nationwide as of Tuesday morning, according to the hard-line CGT union. The blockage could cause shortages at petrol stations.
Bernard Phelan, 64, has been sentenced to six and a half years in prison by the Iranian authorities, his family says.
They are amongst the millions of people who have taken to the streets since January to protest against French President Emmanuel Macron's pension reform, which proposes raising the retirement age from 62 to 64. More than 7,000 tons of trash had piled up on streets across the city as of Wednesday, per The Guardian.
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