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☆ What this NFL Draft pick plans to do with his new money—from mutual funds and a Roth IRA to Air Jordan 1 sneakers
▼ + stars: | 2024-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.

Persons: Braden Fiske, —, Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC

☆ NFL draft prospect who could get a $2.7 million signing bonus still drives his old Honda Accord: 'It gets me from A to B'
▼ + stars: | 2024-04-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would mean a likely contract of around $8 million over four years, including a $2.7 million signing bonus, according to MarketWatch . The idea of young athletes reaping instant riches has long been an annual subplot of the NFL draft. The money I received gave me a peace of mind I did not have previously," Fiske told Business Insider. Though he made some savvy choices, Fiske admitted he made "a few mistakes" early on after receiving his NIL money. "I'm sure I'll give in once I see more 0s on my account," Fiske told MarketWatch.

Persons: Fiske, Braden Fiske, he's, He's, he'll Organizations: Honda Accord, Florida State University, NFL, NCAA, FSU, Business, IRA, Air, CNBC Locations: Detroit

☆ Raine details 3 themes driving its sports investing as it hunts for more deals
▼ + stars: | 2024-04-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Raine was an early investor in DraftKings — which helped establish the US sports-betting sector — and has been investing at a rate of about three companies a year. Raine is looking to take stakes in leagues with rights they can monetize in various ways and invest in growing, founder-led companies. Raine says college sports still hold a big opportunity for outside investors, even if the structure of college athletics adds complexity. In 2019, Raine helped the Pac-12 Conference explore raising private equity (which it ultimately decided against doing). Raine also helped the PGA Tour raise $3 billion this year through a for-profit entity.

Persons: Joe Ravitch, Jeff Sine's, It's, Raine, Colin Neville, that's, Garrett Gomes, Raine isn't, Banks, JPMorgan Chase, Neville Organizations: Imagine, Business, Apple, Premiere Lacrosse League, RCX Sports, Private, Florida State, Sixth, JPMorgan, CNBC, PGA Locations: DraftKings, Florida

Florida State wants to move the venue to Florida and prefers the documents to be unsealed for transparency. Photos You Should See View All 60 Images“FSU is arguing that North Carolina is a more favorable jurisdiction for the ACC,” said ACC attorney James Cooney. The ACC initially sued the Florida State Board of Trustees in North Carolina in last December, asking a court to uphold the conference's grant of rights as a valid and enforceable contract after catching wind of a forthcoming Florida State lawsuit. The courtroom showdown comes just three days after Clemson, another member school, joined Florida State in challenging the ACC's right to charge hundreds of millions of dollars to leave the conference. The complaint filed in South Carolina said the ACC’s “exorbitant $140 million” exit penalty and the grant of rights used to bind schools to a conference through their media rights should be struck down.

Persons: CHARLOTTE, Judge Louis A, Bledsoe, ”, James Cooney, “, Bailey King, ” King, Rick McCullough, ” Clemson Organizations: Atlantic Coast Conference, Florida State, ACC, ESPN, FSU, ”, of Trustees, Big, Southeastern Conference, Notre Dame, SEC, Clemson, AP Locations: N.C, Mecklenburg County, Florida, Charlotte, Carolina, North Carolina, South Carolina

☆ Why Florida State was left out of the College Football Playoff and why it’s so controversial
▼ + stars: | 2023-12-04 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

CNN —Sunday’s announcement of the four teams selected for the College Football Playoff sent shockwaves through the sport. Instead of folding, Florida State rallied, coming from behind on the road to defeat Florida in Gainesville with backup quarterback Tate Rodemaker. With the selection, the Crimson Tide will make its eighth appearance in the College Football Playoff, the most of any team. Speaking on ESPN on Sunday, College Football Playoff committee chair Boo Corrigan explained why FSU was left out of the top four. It renders the season up to yesterday irrelevant and significantly damages the legitimacy of the College Football Playoff.

Persons: CNN —, ”, Michael Alford, Jordan Travis, Tate Rodemaker, Brock Glenn, Boo Corrigan, Corrigan, “, ” Jordan Travis, Colin Hackley, Cari, Poppy Harlow, Phil Mattingly, Jordan, Travis, wouldn’t, Nick Saban, Mike, Norvell, I’d, Dan Wolken, –, ” Alford, Alford, ” Norvell, Mike Norvell, Charles LeClaire, Jaylan Ford, ” Ford, They’re, They’ve Organizations: CNN, College Football, Michigan Wolverines, Washington Huskies, Texas Longhorns, Alabama Crimson Tide, Florida State Seminoles, Florida State University, FSU, Florida State, Seminoles, North Alabama, Atlantic Coast Conference, Louisville, Cardinals, Alabama, Crimson Tide, ESPN, Sunday, ” The College, Georgia Bulldogs, Orange Bowl, SEC, USA, LSU, Florida, “, Tide, ”, Twitter, Power, BCS, Pittsburgh Panthers, Reuters, Rose Bowl, Washington, Caesars Locations: Florida, Gainesville, Grapevine , Texas, Alabama . Alabama, –, Alabama, Michigan, Texas, ”, Pasadena , California, New Orleans

CHARLOTTE, N.C. (AP) — Florida State coach Mike Norvell said the possibility of leaving his unbeaten Seminoles out of the College Football Playoff shouldn't even be discussed. Florida State made things as difficult as possible on the CFP selection committee, using a dominant defensive performance to beat No. In all likelihood, Rodemaker would be ready to play should Florida State make the playoff, but even he has only started two games. Florida State also had 14 tackles for loss and 10 pass breakups. “I feel like we go out there and play for each other and we are a close-knit team,” Toafili said.

Persons: CHARLOTTE, Mike Norvell, Brock Glenn, “, ” Norvell, ” Lawrance Toafili, Glenn, Jordan Travis, Tate Rodemaker, Travis, Alex Mastromanno, Tatum Bethune, Jack Plummer’s, Plummer, Jeff Brohm, Ryan Fitzgerald, Braden Fiske, Fitzgerald, Fiske, Toafili, Norvell, ” Toafili, haven't, Rodemaker, ___ Organizations: Florida State, Seminoles, College, CFP, Louisville, Atlantic Coast Conference, Alabama, Southeastern Conference, Texas, Heisman, ACC, Cardinals, AP Locations: N.C, Florida, Georgia, Louisville

4 Florida State might have to turn to third-string quarterback Brock Glenn to start the Atlantic Coast Conference championship game against 15th-ranked Louisville on Saturday night. Tate Rodemaker, who made his second career start in the team’s regular-season finale at Florida, has been limited in practice this week while recovering from a concussion. Rodemaker left the game briefly in the fourth quarter after getting hit in the head while sliding, a targeting call that resulted in an ejection. Rodemaker has been able to participate in some parts of practice, but Glenn has gotten the bulk of the work leading into the game. “It's the same thing we faced a week ago, going and playing our last regular-season game.

Persons: CHARLOTTE, Brock Glenn, Tate Rodemaker, Rodemaker, Trey Benson, Mike Norvell, Glenn, “ That's, we'll, Norvell, Jordan Travis, Travis, “ Organizations: Atlantic Coast Conference, Louisville, Seminoles, College Football, ACC, Gators, Heisman, North, North Alabama, AP Locations: N.C, Florida, North Alabama

Washington moved ahead of Florida State and into College Football Playoff position, coming in fourth in the rankings on Tuesday night. Now fifth-ranked Florida State stayed unbeaten, too, though the Seminoles lost quarterback Jordan Travis to a season-ending left leg injury. He was seriously injured in the first quarter against North Alabama, an FCS team, but Florida State went on win easily with backup quarterback Tate Rodemaker stepping in. “Didn’t shock anybody that was on our team because we’ve seen him do that before,” Florida State coach Mike Norvell said earlier this week about Rodemaker. “After the (conference) championship games we can look at who’s going to be available and who’s not going to be available," Corrigan said.

Persons: Washington, Jordan Travis, Boo Corrigan, Travis, Tate Rodemaker, “, we’ve, Mike Norvell, I’ve, ” Corrigan, Corrigan, Ralph D, Russo Organizations: Florida State, College Football, Big Ten, Ohio State, Buckeyes, Wolverines, Big, Huskies, Oregon State, Seminoles, Washington, ESPN, ESPN . Oregon, Alabama, Missouri, Louisville, North, FCS, North Carolina State, AP Locations: Georgia, Michigan, Ann Arbor , Michigan, Washington, ESPN ., Texas, North Alabama, Florida, Rodemaker

Ohio State passed Michigan and moved up to No. Political Cartoons View All 1256 ImagesWashington won 22-20 on the road against Oregon State, which slipped five spots to No. POLL POINTSMichigan and Ohio State will be a matchup of top-five teams for the 13th time, the most of any rivalry. It was the fifth-longest active streak in the country behind Alabama, Georgia, Ohio State and Michigan. 2 Ohio State at No.

Persons: Jim Harbaugh, Quarterback Jordan Travis, James Madison, JMU, Ralph D, Russo Organizations: Ohio State, Associated Press, Big, Florida State, Bulldogs, Wolverines, Maryland, Buckeyes, Washington, Oregon State, Huskies, College Football, FCS North Alabama, Louisville, Ohio, Sooners, Longhorns, Nebraska, Utes, Wildcats, Clemson, Rockets, Big West, Illinois, American Conference, Tulane, American Athletic Conference, Liberty, Conference USA, Sun, Appalachian State, SEC, ACC —, USA, AP Locations: Michigan, Washington, Florida, Florida State . Georgia, Southern California, Minnesota, Oregon, Texas, Alabama, Missouri, Oklahoma, Arizona . Utah, Georgia, Ohio State, North Carolina, Toledo, Iowa

That included a defensive performance that held Wake Forest (4-4, 1-4) to just 75 first-half yards and 210 for the game. Wake Forest: The Demon Deacons had won three straight meetings but never seriously threatened to add a stunner to the list. In fact, Ellison's long early run came after the Demon Deacons had managed just 20 total yards to that point. Wake Forest added a short third-quarter touchdown run by Tate Carney but it got little through the air with quarterback Mitch Griffis (82 yards, 6 for 16). Wake Forest: The Demon Deacons have a short week, traveling to No.

Persons: WINSTON, — Keon Coleman, Trey Benson, Jordan Travis, Coleman, Caelen Carson, Travis lofted, Carson, shrugged, Benson —, —, Garnes, Justice Ellison, Ke'Shawn Williams, Coleman's, Johnny Wilson, Tate Carney, Mitch Griffis, Duke Organizations: Florida State, Wake, Seminoles, Atlantic Coast Conference, FSU, ACC, Michigan State, Demon Deacons, Deacons, Pittsburgh, AP Locations: SALEM, N.C, Travis, Wake

☆ Molly Carlson was in a ‘dark place’ prior to Rio Olympics. Now she is inspiring millions to talk about mental health
▼ + stars: | 2023-10-28 | by ( Aimee Lewis | Martynas Ruseckas | ) edition.cnn.com time to read: +12 min

Cliff diving helped the 25-year-old recover from what she calls a “year from hell,” overcoming loneliness and a binge eating disorder. “When I’m cliff diving, nothing matters other than me and the air, really. “I have the biggest passion for mental health, and I’ve learned so much from my personal experience that now it’s kind of become like my future,” she said. “What I learned during my experience was as soon as you talk about mental health with one person, it becomes real,” Carlson said. Quinn Rooney/Getty ImagesFor Carlson, competing in high diving at the Olympics would be more than just representing her country on the national stage.

Persons: Molly Carlson, Cliff, “, “ I’ve, ”, it’s, Carlson, Instagram, I’ve, ” Carlson, Romina Amato, Red Bull, ’, ’ Carlson, John Proctor, ” Proctor, Proctor, Dean Treml, Rhiannan Iffland, Valery Hache, messaged Carlson, people’s, BraveGang, –, “ We’ve, we’ve, Quinn Rooney, dethrone Iffland Organizations: CNN, CNN Sport, Pan, Team Canada, Olympic Games, Janeiro Games, Canadian, Olympics, Florida State University, FSU, Florida State Seminole, Atlantic Coast Conference, Getty Locations: TikTok, Fort Frances , Ontario, Canada, Thunder Bay, Nanjing, Montreal, AFP, South Africa, Los Angeles

CLEMSON, S.C. (AP) — Jordan Travis threw a 24-yard touchdown pass to Keon Coleman to start overtime and No. 4 Florida State completed a second-half to defeat Clemson 31-24 on Saturday and snap a seven-game losing streak against the Tigers. And Florida State struggled to find space much of the first half and had only 21 yards with less than 8 minutes left before the half. THE TAKEAWAYFlorida State: The Seminoles overcame perhaps their biggest ACC hurdle to supplant Clemson as the league heavyweight. Clemson: The Tigers needed a win here to get themselves back in the ACC and College Football Playoff chase.

Persons: — Jordan Travis, Keon Coleman, Travis, Kalen DeLoach, Cade Klubnik, Jonathan Weitz, Coleman, Clemson couldn't, Klubnik’s, Jameis Winston’s, playmakers, Weitz, Dabo Swinney, they've Organizations: CLEMSON, Florida State, Clemson, Tigers, Seminoles, Atlantic Coast Conference, FSU, Florida, Duke, ACC, College Football Playoff, State, Virginia Tech Locations: S.C, Death, Florida, Charleston, Syracuse

☆ Aussie lender NAB to cut 222 back-office jobs, says trade union
▼ + stars: | 2023-09-07 | by ( Poonam Behura | ) www.reuters.com time to read: +1 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz Acquire Licensing RightsSept 6 (Reuters) - National Australia Bank (NAB.AX) is planning to cut 222 back-office jobs, the Finance Sector Union (FSU) said in an emailed response to Reuters. FSU, a white-collar trade union, said NAB’s restructuring will impact its departments such as Personal Direct Lending, Technology and Operations, Corporate Finance and Client Coverage. "This means certain roles may no longer be required or need to be moved to support other teams." NAB reported a 5% jump in third-quarter cash earnings in August, including a decline in its margins due to higher home lending competition and deposit costs.

Persons: Daniel Munoz, Julia Angrisano, Poonam, Shilpi Majumdar, Devika Organizations: National, REUTERS, National Australia Bank, Finance Sector Union, FSU, Reuters, Technology, Corporate Finance, NAB, Australian, Commonwealth Bank of Australia, Westpac Banking Corp, Thomson Locations: Sydney, Australia, Bengaluru

4 Florida State jumped into the top five after its resounding victory over LSU in Week 1's marquee game. 3 Alabama moved up a spot and Florida State climbed four places and received the remaining three first-place votes after beating LSU, 45-24. Duke capped the long Labor Day weekend of college football by knocking off Clemson 28-7 on Monday night in Durham, North Carolina. It was the Blue Devils' first victory against a team ranked in the top 10 since 1989 against a Clemson team ranked seventh. POLL POINTSHaving Florida State near the top of the AP poll is a familiar sight, just not as much recently.

Persons: Duke, Deion's Sanders, Sanders, Mike Elko, Jimbo Fisher, Mike Norvell's, Bobby Bowden, ___, Ralph D, Russo Organizations: Associated Press, Florida State, LSU, Georgia, Michigan, Seminoles, Ohio, Clemson, Duke, TCU, Buffaloes, Buffs, NFL, Penn State, Notre Dame, Devils, AP, Texas, Florida, FSU, Florida State's, Pac, SEC, ACC —, Athletic, Tulane Locations: Colorado, Alabama, Southern California, Penn State , Washington , Tennessee, Durham , North Carolina, Florida, Texas, Tuscaloosa , Alabama, Mississippi

☆ French ban of abaya robes in schools draws applause, criticism
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

"We were worried by a strong increase in the (the number of pupils) wearing the abaya. Sophie Venetitay, from the SNES-FSU union, said it was key to focus on dialogue with pupils and families to ensure the ban did not mean children will be taken away from state-run schools to go to religious schools. In 2004, France banned headscarves in schools and passed a ban on full face veils in public in 2010, angering some in its five million-strong Muslim community. Abdallah Zekri, vice-chair of the French Council of the Muslim Faith (CFCM), made a similar point, saying Attal's decision was misguided. "The abaya is not religious attire, it's a type of fashion," he told BFM TV.

Persons: Gabriel Attal, Eric Ciotti, Clementine Autain, France Insoumise, Didier Georges, Georges, Samuel Paty, Sophie Venetitay, Pap Ndiaye, Abdallah Zekri, BFM, Juliette Jabkhiro, Tassilo Hummel, Bertrand Boucey, Ingrid Melander, Nick Macfie Organizations: Reuters, FSU, French Council of, Thomson Locations: France, PARIS

☆ Florida State University taps JPMorgan to help find potential investors
▼ + stars: | 2023-08-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent months, and Sixth Street Partners has expressed interest as an investor, the person said. The discussions with potential equity investors are not tied to FSU's potential push to leave the conference, according to the person familiar with the matter. Sportico earlier reported that FSU was working with JPMorgan and that Sixth Street was part of the discussions. "That effort fell apart, mainly because it was a challenge to mesh private investors with the potential media rights for public schools," said sports media consultant Lee Berke.

Persons: Lee Berke, we're, Berke Organizations: Florida State University, JPMorgan, Sixth Street Partners, Atlantic Coast Conference, NCAA, FSU, Sixth, ACC, Southeastern Conference, ESPN, Media

☆ Australia No.3 bank clinches union deal for staff to work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the No.3 lender, reached a deal that lets employees work from home, a union said on Friday, one of the world's first to give private-sector staff legal protection for remote work. This week the Australian federal body that sets public sector wages also agreed to a union request for uncapped work from home days. Some of Australia's biggest companies, including NAB and larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements. A CBA spokesperson said the bank respected its existing union agreement "and those matters that require consultation". 2 bank Westpac (WBC.AX) and the FSU are currently negotiating a new enterprise deal which includes the question of whether to allow work from home, the union said.

Persons: CBA's, Byron Kaye, Jamie Freed, Lincoln Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Westpac, Thomson

☆ Australia No.3 bank reaches union deal that lets staff work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the country's No.3 lender, reached a deal that lets employees work from home, a union representing staff said on Friday, one of the first in the world to give legal protection for remote work. The deal breaks new ground in a global standoff between private sector companies and their staff since employers started calling an end to home-working arrangements that were precipitated by COVID-19. Some of Australia's biggest companies, including NAB's larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements but the country's capital city office vacancies remain around one-sixth, far higher than pre-pandemic levels. The deal comes after the FSU took CBA, the country's biggest bank which has 49,000 staff, to the industrial regulator this week over a directive to return to the office 50% of the time. In Australia, the federal government agency that sets public sector wages agreed this week to a union request for uncapped days spent working from home.

Persons: CBA's, Byron Kaye, Jamie Freed Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Thomson Locations: U.S, Australia

☆ Westpac to layoff 300 workers in business and retail unit, says trade union
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Australian lender Westpac Banking Corp (WBC.AX) will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (FSU) said on Friday the country's third-largest bank would reduce headcount from its Consumer and Business Banking Division, citing a Westpac internal memo seen by the union. 2 mortgage provider reported a 22% rise in its first half net profit to A$4.00 billion ($2.70 billion) amid a high-inflationary environment. The bank could not be reached immediately for a comment on account of a public holiday on Monday. ($1 = 1.4839 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Julia Angrisano, Rishav Chatterjee, Rashmi Organizations: Westpac Banking Corp, Finance Sector Union of Australia, FSU, Consumer, Business Banking, Westpac, Reuters, ANZ Group, National Australia Bank, DBS, Australia's, Thomson Locations: Bengaluru

CNN —Dueling decisions in two federal district courts last week are likely to set up a showdown at the Supreme Court over the fate of the abortion pill mifepristone. When the Supreme Court upheld the federal Partial-Birth Abortion Ban Act in 2007, dubious scientific arguments became even more central to anti-abortion advocacy. In Gonzales v. Carhart, the court held that in circumstances of scientific uncertainty, legislators would have more latitude to regulate abortion. Implausible scientific claims are now visible on social media, in lawsuits and in congressional hearings. (By taking this position, abortion opponents can still defend bans with no or few exceptions by claiming that abortion is never necessary.)

☆ Pension protests to bring 'maximum' workers in France after government, union talks fail
▼ + stars: | 2023-04-06 | by ( Silvia Aloisi | ) www.reuters.com time to read: +3 min

Labour groups vowed to dig in their heels after talks with Prime Minister Elisabeth Borne on Wednesday - which lasted just an hour - failed to calm the situation. They said the only way out of the crisis was for the legislation to be pulled, an option which Borne flatly rejected. "After this meeting, I am calling for a maximum of workers, men and women, to join the marches across France tomorrow," Laurent Berger, head of the country's biggest union CFDT, said on Wednesday. Strikes are still disrupting operations at oil refineries and nuclear plants, while garbage collectors have vowed to resume their protest from next week. Polls show a wide majority of French oppose the pension legislation and the government's decision to push it through parliament without a vote.

Air France said about 20% of short-haul flights would be canceled, but long-haul services would be maintained. The reforms will gradually increase the age at which most French citizens can draw a state pension to 64, from 62. A record 1.3 million people took part in demonstrations on January 19, which brought the country to a standstill and shuttered the Eiffel Tower to visitors. The government has said the pension legislation is necessary to tackle a funding deficit, but the reforms have angered workers at a time when living costs are rising. The legislation is currently before French lawmakers, with a vote on the final version of the text expected later this month.

☆ 'It's embarrassing for our sport.': Duke University women's basketball coach says her team played first half with the wrong ball
▼ + stars: | 2023-02-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

According to Lawson, her players complained about the basketball during the first half of the game against FSU. While Lawson alleges it was men's basketball used in the first half, the ACC and FSU concluded otherwise, per ESPN. Despite her outrage, Atlantic Coast Conference and Florida State officials concluded the ball used during the first half of Sunday's game, which was played in Florida, wasn't a men's basketball. They beat us playing with a men's ball in the first half and a women's ball in the second half," Lawson said. "But I can't say if we'd have played with a women's ball in the first half and the second half that we would have won.

Paris/London CNN —French schools and transportation networks were heavily disrupted Tuesday for the second time this month, as unions staged another mass strike against government plans to raise the retirement age for most workers. Strikes that day brought the transportation network to a standstill and shuttered the Eiffel Tower to visitors. Air France (AFLYY) canceled 10% of short-haul flights but said strikes would not affect long-haul services. On Sunday, Prime Minister Élisabeth Borne said raising the retirement age was “not negotiable,” during an interview on domestic television station France Info. Raising the retirement age to 64 will keep France below the norm in Europe and in many other developed economies, where the age at which full pension benefits vest is 65 and increasingly moving towards 67.

Protests in major French cities, including Paris, Marseille, Toulouse, Nantes and Nice, brought transport services to a standstill. Eight of the biggest unions had called for a “first day of strikes and protests” against pension reforms unveiled by President Emmanuel Macron’s government. Train lines across France were seeing “severe disruption,” according to French rail authority SNCF. Macron’s proposed pension reforms come as workers in France, as elsewhere, are being squeezed by rising food and energy bills. The French government has said that raising the retirement age is necessary to tackle a pension funding deficit.

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