Pension funds and insurance companies in different African countries invest billions abroad despite energy projects on the continent needing investment, says chairperson of the presidential initiative on climate change in Sierra Leone Kandeh Yumkella. Speaking at the Accelerated Partnership for Renewables in Africa (Apra) investment forum in Sierra Leone, Yumkella said projects in Africa are…
French Prime Minister Sébastien Lecornu has told parliament he backs suspending controversial 2023 pension reforms, in the face of crucial votes of no-confidence later this week. The changes, which raised the retirement age from 62 to 64, were seen as signature reforms in Emmanuel Macron’s presidency. “This autumn I will propose to parliament that we…
Twenty-four people have been killed and 19 injured in a Russian air strike on a village in eastern Ukraine, local officials say. The victims were “ordinary civilians” collecting their pensions in Yarova, Donetsk region, said President Volodymyr Zelensky. Regional head Vadym Filashkin said emergency services were working at the scene, urging residents to “evacuate to…
Despite his austerity measures, the president’s party is expected to do well in the crucial October mid-term elections. Argentina’s libertarian president, Javier Milei, has vetoed bills aimed at increasing pensions and disability spending, amid ongoing protests against his austerity fiscal policies, which are hitting many people in their day-to-day lives. Milei’s administration announced the decision…
