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☆ France begins nationwide strike amid soaring inflation
▼ + stars: | 2022-10-18 | by ( Juliette Jabkhiro | ) www.reuters.com time to read: +3 min

French students block the entrance of the Lycee Montaigne high school to protest as part of a nationwide day of strike in Paris, France, October 18, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 18 (Reuters) - French trade unions began a nationwide strike on Tuesday, asking for higher salaries amid decades-high inflation and posing President Emmanuel Macron one of his stiffest challenges since his reelection in May. French public railway operator SNCF said that traffic on local connections was down 50% but that there were no major disruptions on national lines. Civil service workers' unions have also called for joining Tuesday's strike, with possible disruptions in schools and other public facilities. The leader of hard-left party La France Insoumise (France Unbowed), Jean-Luc Melenchon, marched alongside this year's Nobel Prize winner for Literature, Annie Ernaux.

Oct 18 (Reuters) - Austria raised 1 billion euros ($983.20 million) on Tuesday from the auction of the first ever green T-bill, a move aimed at attracting shorter-term investors to buy environmentally friendly assets. But with central banks and a wider group of investors interested in green investments to bolster their sustainability credentials, interest in shorter-term green debt is growing. Austria, rated AA, is the first government to issue a green T-bill - short-term government debt which usually matures in less than a year. Markus Stix, director of the Austrian Treasury, called short-term green securities the "missing link" in the green market. It was easier for Austria to shift expenditure for funding through green T-Bills, given its overall T-Bill programme was only launched in 2021 and it just started issuing green debt, the banker said.

☆ A company hoping to help California with its high-speed rail built one in North Africa instead, saying the region was ‘less politically dysfunctional’
▼ + stars: | 2022-10-10 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

A French state-owned railroad operator wanted to help California with its high-speed rail project. "SNCF was very angry," Dan McNamara, a project manager for SNCF, told the Times. Within 7 years, they built a functioning high-speed rail system in Morocco, the New York Times reported. They told the state they were leaving for North Africa, which was less politically dysfunctional." The California High-Speed Rail Authority continues to build: The first section of the rail is under construction in Central California.

☆ Paris commuters face 300 miles of traffic jams in fifth day of French strikes
▼ + stars: | 2019-12-09 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

TOPSHOT - Vehicles run on the Paris' ring road, the "Peripherique", on December 9, 2019 in Porte de Vincennes in Paris, during a strike of Paris public transports over French government's plan to overhaul the country's retirement system, as part of a national strike. French commuters experienced a chaotic journey getting to work on Monday as public sector workers entered a fifth consecutive day of nationwide strikes. Nationwide, public sector workers have protested against government plans to update the pension system since Thursday. Tweet 1Monday starts a make-it-or-break-it week for the French government, according to different French media. President Emmanuel Macron vowed in 2017 to change France's pension system, which is one of the most expensive across the world, according to data from the OECD.

☆ France hit by nationwide strike as workers protest over pension reforms
▼ + stars: | 2019-12-05 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

watch nowFrance is experiencing one of its biggest strikes in decades as public sector workers protest against changes to the pension system. According to the French newspaper, Le Monde, more than 180 000 people are taking to the streets in 30 different parts of France. Prior to his election in 2017, President Emmanuel Macron vowed to reform France's pension system. watch nowPrevious attempts to change the pension system have also been met with strong opposition from public sector workers. However, transport workers argue that the new system would mean they would have to work longer into old age or see their pension reduced.

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