Press play to listen to this article Voiced by artificial intelligence. LONDON – This is the list of new laws Rishi Sunak hopes will save his skin come election-time. Tuesday’s King’s Speech — in which King Charles III read out the British government’s legislative agenda for the crucial pre-election term ahead — was packed with...
Tag: Pensions
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Citi taps Goldman banker, Barclays nabs Morgan Stanley fintech exec, hedge fund guru tipped for GAM top job
Marina Shchukina, who was head of fintech and financial institutions ECM at Morgan Stanley, has signed up at Barclays as head of investor relations. She replaces Chris Manners, who moved to a strategy role at Barclays in March. She spent 16 years at Morgan Stanley until her departure in July, amid a second wave of job cuts at...
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Macron sacks education, health ministers in mini-reshuffle
PARIS — French President Emmanuel Macron sacked Education Minister Pap Ndiaye and Health Minister François Braun in a small cabinet reshuffle Thursday, after confirming earlier this week that Prime Minister Elisabeth Borne would stay on in her role. A long-time Macron supporter, 34-year-old Gabriel Attal, has been promoted to replace Ndiaye, and Aurélien Rousseau,...
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Forget the pension protests. France’s economy has momentum | CNN Business
London CNN — Attacks on the Paris offices of multi-billion dollar corporations earlier this month by protesters angry about pension reforms may have tarnished France’s image as a place to do business. But behind the tumult, Europe’s second-largest economy has shown striking resilience since the pandemic, and is becoming an increasingly attractive destination for businesses...
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Le Maire doubles down on reform plans after Fitch cuts France’s credit rating
French Economy Minister Bruno Le Maire vowed that the government will push ahead with structural reforms after Fitch Ratings pointed to social unrest over the planned pension reforms in lowering its assessment of France’s credit rating. “I believe that the facts invalidate the assessment by the Fitch agency,” Le Maire told AFP on Saturday. Citing...
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EU Parliament’s plush pension pot faces €300M hole
BRUSSELS — EU taxpayers could soon be coughing up €23 million per year to bail out a pension scheme for hundreds of former European parliamentarians that is poised to implode. Top European Parliament officials are racing to try and rescue a legacy pension fund that faces a €308 million shortfall and could run out of...
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By the numbers: Europe’s pensions problem
The French have been protesting loudly against President Emmanuel Macron’s pensions reform — but their government is far from the only one with a plan to increase the retirement age. With workers living much longer lives than previous generations, the number of beneficiaries of old-age pensions has seen a constant rise across the EU in...
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The owner of Tiffany and Dior gets a boost from China’s reopening | CNN Business
London CNN — Shares in LVMH, the world’s biggest luxury group, jumped to a record high after it reported strong first-quarter sales buoyed by the economic re-opening in China. The stock of Europe’s most valuable company rose 4.6% Thursday to hit €875 ($965) apiece, boosting the fortune of its owner Bernard Arnault, already the world’s...
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Traveling to France during the protests: What you need to know | CNN
Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get news about destinations opening, inspiration for future adventures, plus the latest in aviation, food and drink, where to stay and other travel developments. Paris CNN — Winter is over and thoughts for many travelers will be turning to that most classic of springtime destinations:...
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France pension reform: Where in Europe can parliament be bypassed?
On 16 March, the French government triggered the now infamous article 49.3 to bypass parliament and push through its controversial pension reform bill. The act, which is enshrined in the constitution, triggered a no-confidence motion against Prime Minister Elisabeth Borne and her ministers – which they narrowly survived. Months of protests against the reform and...