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Protests continue across France over pension reforms

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Protestors blocked a terminal at an airport and sat on train tracks

The ongoing nationwide protests in France over plans by the government to raise the retirement age by two years saw another day of disruption – events which President Emmanuel Macron has recently compared to the storming of the U.S. Capitol by Donald Trump supporters two years ago.

Protestors blocked a terminal at Paris’s Charles De Gaulle airport.

Protesters also sat on train tracks, and reportedly triggered a brief fire in the yard of a police station in once city.

Protests have been mostly peaceful, but tear gas has been used against them on occasions.

The plan is to raise the retirement age from 62 to 64.

For comparison, the U.S. is slowly raising its retirement age to 67 and the UK plans to go to 68.

Polls have long shown that a majority of voters in France oppose the move.

Macron earlier in the week said he was standing firm on the law and that it would come into effect by the end of the year.

The government says the change is needed to keep pension budgets from running a deficit – failure would create an annual deficit of about $14 billion by 2030.

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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