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Good morning. French workers are angry about retiring later, the oil price cap is costing Moscow dearly, taking cues from markets rather than the Fed, and Apple Inc.’s push to build more parts in-house. Here’s what people are talking about.
Emmanuel Macron’s plan to gradually raise France’s minimum retirement age to 64 by 2030 has sparked anger among labor unions who immediately called for strikes to protest the change. Labor organizations say it will unfairly penalize the low-skilled and least wealthy who began working early in life. Macron argues that making the French work longer is essential to boost relatively low employment rates among seniors and avoid persistent deficits in a public system funded by worker contributions.