World
Which countries have the lowest and highest retirement ages in Europe?
The French authorities unveiled its pension reform on Tuesday, elevating the retirement age from 62 to 64 by 2030.
Prime Minister Elisabeth Borne detailed her plans to make the French work for longer, additionally elevating the contribution interval required for a full pension to a full 43 years.
This rule is to kick in by 2027, whereas the statutory retirement age will go up by six months annually, beginning in September, finally reaching the 64 years mark by the tip of the last decade.
Sharp criticism of the reform by each the far-right and the far-left bookended protests by the commerce unions and anxious residents, apprehensive that the deliberate change might be most harshly felt by these underprivileged.
However the retirement age hike isn’t just a pattern in France: the usual necessary retirement age is about to extend in most Organisation for Financial Co-operation and Improvement (OECD) international locations.
Which international locations have the bottom and highest retirement ages in Europe? What’s the variety of anticipated years spent in retirement in Europe? And at what age do Europeans exit the labour market?
We took a look on the out there numbers.
What are the present early and statutory retirement ages in Europe?
Definitions of the statutory pension age differ throughout international locations. There are totally different practices in every nation relying on pension sort, in accordance with the OECD dataset and the Pensions at a Look report.
The 2 reviews use 2020 figures — the most recent out there knowledge analysing present and future retirement ages for individuals who entered the labour drive at age 22.
In some circumstances, the report doesn’t specify the gender of every nation, which implies the retirement age for women and men could be the identical in these locations.
Present retirement ages embody two varieties: early and commonplace. For males, early retirement ages differ from 59 years in Lithuania to 63.7 years in Germany, in accordance with the OECD report. For ladies, it ranges from 58 years in Lithuania to 63.7 years in Germany.
In France, the present early retirement age stands at 62 years of age for each women and men. The truth is, 62 is the early retirement age in virtually half of the international locations, together with Sweden, Portugal, Norway, Italy, Greece, and Austria.
Precise retirement ages are extra different in comparison with early retirement ages and carefully replicate the necessary retirement age. For males, it ranges from 52 years in Turkey to 67 years in Norway and Iceland.
For ladies, it’s 49 years in Turkey, whereas Norway and Iceland have the very best retirement ages of 67 years.
Does France have a better retirement age than the EU?
The EU common stands at 64.3 years for males and 63.5 years for ladies.
In France, the present retirement age is 64.5 years for each women and men, in accordance with the OECD dataset.
Which means that France has a barely larger retirement age than the EU common. It’s nonetheless decrease than in another bloc members, corresponding to Germany, the place this determine comes out to 65.7 years for each women and men.
Excluding Turkey, the minimal present retirement age throughout Europe is 62 years for males and 60 years for ladies.
The present retirement age is 65 years or over in most European international locations the place OECD knowledge is accessible.
Of the EU member states, Greece, Italy, Luxembourg and Slovenia have the bottom present retirement ages, with 62 years for each women and men.
Anticipated years in retirement elevated significantly?
Anticipated years in retirement is the life expectancy measured on the age of efficient exit from the labour market, and this determine has considerably elevated over time.
In 1970, males within the OECD international locations had 12.0 years on common after their exit from the labour market whereas they may count on to spend 19.5 years in retirement by 2020.
Girls’s life expectancy at labour market exit was markedly larger to start out, resting at 16.0 years on common within the OECD in 1970.
This rose to 23.8 years in 2020, whereas the hole between women and men has additionally barely grown.
Girls are anticipated to dwell 4 years longer than males after retiring
The hole between men and women in anticipated years of retirement varies from 2.0 years in Eire to 7.5 years in Cyprus.
By 2020, European ladies usually can count on to dwell 4.3 years greater than males after they exit the labour market.
Whereas the EU common is 4.6 years, in France, the gender hole stands in favour of ladies by a complete of three.6 years.
Apparently, life expectancy in retirement for each extremely varies throughout Europe. For males, it ranges from 14 years in Latvia to 24 years in Luxembourg.
For ladies, it varies from 18.9 years in Latvia to twenty-eight.4 years in Greece. Girls are anticipated to have 26 years or extra to spend whereas retired in Belgium, France, Greece, Italy, Luxembourg and Spain.
France ranked within the high three for anticipated years in retirement
France recorded very excessive anticipated years in retirement, rating second in males (23.5 years) and third in ladies (27.1 years) throughout the continent.
What are going to be the longer term retirement ages by 2060?
OECD estimates that the traditional retirement age will enhance by about two years on common by the mid-2060s within the international locations it contains.
Denmark is projected to have the very best retirement age, at 74 years for each women and men. In lots of international locations, the longer term precise retirement age could be round 65 and even 66 years of age.
Within the EU, the retirement age is predicted to be 66.1 years for males and 65.9 years for ladies by 2060. In France, the retirement age is projected to succeed in 66 for each women and men in the identical interval.
World
Olive oil, milk and cereals: How did food prices fluctuate in 2024?
After food prices soared in 2021 and 2022, over five essential food products saw price drops in 2024, including milk and cereals.
In 2024, agricultural prices in the European Union saw a modest decline, falling by 2% compared to 2023.
This price decline followed sharp increases in 2021 and 2022 that occurred due to the COVID-19 pandemic, extreme weather conditions and Russia’s invasion of Ukraine.
Despite a surge in olive oil prices in 2024, the prices of cereals dropped by 15%, eggs by 8%, and vegetables and horticultural products declined by 2%.
The price of pigs and poultry also shrank by 7% and 8%, respectively.
According to Eurostat figures, milk prices decreased in 16 EU countries in 2024.
The sharpest decline was recorded in Finland with a 12% drop in prices, followed by Portugal with 10% and Spain with 8%.
By contrast, the sharpest increase was in Ireland with a 15% rise in prices, followed by Lithuania with 11% and Latvia with 10%.
In terms of production, the cost of seeds and veterinary services rose by 3%.
However, prices for fertilisers and soil improvers plummeted by 18%, food for animals by 11%, and plant protection products and pesticides by 2%.
Commission measures between farmers and buyers
After a year in which farmers have protested regularly, the EU Commission has presented an initiative to ensure they receive fair compensation and are no longer forced to sell products below production costs.
The proposed measures include mandatory written contracts that require buyers to clearly outline key terms such as price, quantity, and delivery timelines, taking into account market conditions and cost fluctuations.
The package also introduces a regulation to enhance enforcement of the Unfair Trading Practices (UTPs) Directive, which was adopted five years ago but remains largely unimplemented.
Video editor • Mert Can Yilmaz
World
Jay-Z’s Accuser Can Remain Anonymous, Judge Criticizes His Lawyer’s ‘Relentless’ Filings
The woman accusing Jay-Z and Sean “Diddy” Combs of sexually assaulting her when she was 13 can proceed anonymously (“at least for now”) in her lawsuit against the rappers, a judge ruled Thursday.
New York Judge Analisa Torres also condemned the legal team representing Jay-Z (real name Shawn Carter) for the “relentless filing of combative motions containing inflammatory language and ad hominem attacks [on accuser’s lawyer, Tony Buzbee],” according to a court order obtained by Variety. “Since Carter’s attorney first appeared in this case seventeen days ago, he has submitted a litany of letters and motions attempting to impugn the character of Plaintiff’s lawyer [Buzbee].”
Judge Torres continues, calling the complaints “inappropriate, a waste of judicial resources, and a tactic unlikely to benefit his client [Jay-Z].”
Jane Doe, who filed her original lawsuit against Combs in October, and re-filed it with Carter’s name in early December, will remain anonymous at this early stage of the litigation. She could still be required by the court to reveal her identity.
Alex Spiro, a lawyer for Carter, recently asked the judge to dismiss the entertainer from the woman’s lawsuit. He cited a report from NBC News that revealed the accuser had admitted to some “inconsistencies and outright impossibilities” in her allegations. His team has also issued public statements referring to Buzbee as a “1-800 lawyer” who is “in the pursuit of money and fame.”
Judge Torres denied Carter’s request to dismiss the case. Representatives for Carter did not immediately respond to Variety‘s request for comment.
In the last few weeks, Buzbee issued his own lawsuit against Roc Nation, the entertainment company owned by Carter, claiming they are using “shadowy operatives” to bribe his former clients into filing “frivolous” complaints against him. Carter has also sued Buzbee for defamation.
Jane Doe, who alleges she was 13 when Combs and Carter raped her in 2000, says she encountered the pair at an afterparty for the MTV Music Video Awards.
Carter responded to the allegation almost immediately. “You have made a terrible error in judgment thinking that all ‘celebrities’ are the same,” Carter wrote in a letter addressing Buzbee. “I’m not from your moral world. I’m a young man who made it out of the project of Brooklyn. We don’t play these types of games. We have very strict codes and honor. We protect children, you seem to exploit people for personal gain. Only your network of conspiracy theorists, fake physics, will believe the idiotic claims you have levied against me that, if not for the seriousness surrounding harm to kids, would be laughable.”
Combs has been held in a Brooklyn jail since September. He will remain there until his trial is scheduled to begin in May.
World
China unveils world's largest amphibious warship
China has launched the first of its new line of amphibious assault ships and its biggest warship yet, strengthening what is already the world’s largest navy.
The Sichuan, a type 076 new-generation amphibious assault ship, was put into the water at a launch and naming ceremony on Friday.
With a full load displacement of 40,000 tons, the warship ranks among the world’s largest amphibious assault ships, featuring a dual-island superstructure and full-length flight deck, the People’s Liberation Army Navy (PLAN) said in a statement.
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China Bugle, an news outlet associated with the PLAN’s news media center, reported the ship will play a key role in transforming and developing the Chinese navy and enhancing its combat capabilities in the far seas.
The Sichuan is capable of launching fighter jets and unmanned drones from an electromagnetic catapult. It is designed to carry ground troops in landing craft with air support.
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The ship also features “arrester technology” that Chinese researchers boast will allow fighter jets to land on its deck, similar to an aircraft carrier.
China launched its first amphibious assault ship, a type 075 class warship called the Hainan, in 2019.
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The PLANmi has been working on modernizing its forces for more than a decade, with the aim of being able to operate globally rather than being restricted to waters near the Chinese mainland. China first managed to launch fighter jets with the new electromagnetic technology on its homemade aircraft carrier, the Fujian, which launched two years ago.
The Sichuan will now undergo additional tests at sea.
China has the largest navy in the world and is consistently trying to upgrade its fleet. Recently, researchers found that the country is working on designing a nuclear-powered aircraft carrier, which would allow it to deploy its ships in distant waters without needing a base to refuel.
The U.S. Navy currently has 11 nuclear-powered aircraft carriers deployed in strategic locations globally, including in the Asia-Pacific.
The Associated Press contributed to this report.
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