World Bulletin / News Desk
France's new Socialist government has signed off a decree to partially lower the pension age to 60 for people who have worked since early in life, Social Affairs Minister Marisol Touraine said on Wednesday.
President Francois Hollande, who took power in mid-May, made rolling back his predecessor Nicolas Sarkozy's pension reform a key part of his election manifesto. The decision to press ahead with it comes despite an EU warning that France will struggle to meet its fiscal targets without spending cuts.
Speaking to reporters after a cabinet meeting, Touraine said the measure would cost 1.1 billion euros per year up to 2017 and 3 billion euros thereafter.
The head of Iran's atomic agency says the agreement will be signed next month
A little more than a month ahead of general elections, new figures shows the Brazilian economy contracted by 0.6 percent in the second quarter of 2014
Russia cut off the gas flow in mid-June after the two sides failed to agree on pricing and debts owed for previous gas supplies.
Malaysia Airlines will be de-listed from the Kuala Lumpur exchange by the end of 2014
Venezuela's Petroleum minister, Rafael Ramirez, said earlier this year that PDVSA could import crude as a "last resort" to find diluents for its heavy crudes
Air France, the French network of Air France-KLM said on Wednesday it has suspended its flights to Sierra Leone following advice from the French government
Ukrainian Prime Minister Arseny Yatseniuk said that Kiev knew of plans by Russia to halt gas flows this winter to Europe
The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.
The riot broke out in the southern industrial hub of Johor state on Tuesday at a factory run by JCY International , a Malaysian firm that makes parts for electronic giants including Samsung, Hitachi and Western Digital.
Hawaii and U.S. territories have strong dependency on petroleum imports, because of their physical isolation and lack of fossil fuel resources, while their residential electricity prices have been three to five times the average residential prices of the mainland U.S.
Buyers of Kurdish crude could face lawsuits from Baghdad if the oil moves close to U.S. soil and would also require the seller to provide costly indemnities against potential lawsuits
Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government
New company will create the third largest global fast-food chain with annual sales of US$23 billion.
Once the international language of royal courts and diplomacy, French has lost ground to English in recent decades
With Russian and Libyan imports at risk, Algeria has become key in safeguarding supplies.
Clashes over economic policy also forced a government reshuffle in France this week as a political battle raged in Europe over whether belt-tightening had gone too far at the expense of economic growth.