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 This all started in 2019 when French president proposed a law to raise the retirement age from 62 to 64 as France's retirement age is among the lowest in Europe. Overhauling pensions has long been a controversial issue in France, with street protests halting reform  efforts in 1995, and the successive government's facing stiff resistance to changes that got eventually passed in 2004,2008 and 2010. however, union say it threatens hard-fought worker rights As France has an ageing population and growing life expectancy where everyone receives a state pension while the Macron government said, the reform is the only way to keep the system solvent. The Pension Reform The law stated that the minimum retirement age to be entitle to a full pension will be gradually increased by three month every year, starting from this year. Also starting from 2027, people will need to have worked for at least 43 years to get a full pension. However, there will be exception to this rule, for Police o...

On March 15, credit Suisse shed a quarter of its value after its largest shareholder said it could not provide any more support. Saudi national Bank(SNB) who is the largest shareholder which hold about 9.9% credit Swiss, said it would not buy any more shares. According to the statement of SNB chairman Ammar Al Khudairy "we cannot because we would go above 10 per cent. Its a regulatory issue". After that the shares of credit Swiss dropped by as much as 30%, which leads to a fall of 7% in the European banking index. The stick has pummelled earlier in the week due to the collapse of US tech lender silicon valley Bank. The analysts of France said that the credit Suisse want a bailout by the Swiss National Bank and financial regulator FINMA, possibly one or more other banks. The analysts also said that the Saudi National Bank could do a U-turn.. Last year the Saudi National Bank has increased it stake in credit Suisse and committed to invest up to $1.5 dollars. On Tuesday the ban...