Denmark has become the first European country to raise its retirement age to 70, aiming to secure the sustainability of its welfare system amid changing demographics and longer life expectancy.
Denmark’s parliament approved a law to increase the retirement age to 70 for people born after December 31, 1970. Currently, the average retirement age is 67, with some reaching 69 depending on their birth year. Employment Minister Ane Halsboe-Jørgensen stated the change is necessary to maintain adequate welfare for future generations.
Currently, around 80,000 Danes over the official pension age continue to work, supported by flexible employment conditions and financial incentives.
However, the decision has faced criticism from opposition parties, especially regarding workers in physically demanding jobs who may struggle to continue working until 70. Denmark’s move sets it apart in Europe, with the retirement age surpassing all others and comparable to some of the highest ages globally.
Similar pension reforms are underway in other countries, such as China and the UK, reflecting global trends driven by increased life expectancy and evolving work conditions.
Leaders of Iran, Israel, and the United States reiterated their determination to press on with the conflict on Friday (13 March), as the Middle Eas...
UN Secretary-General António Guterres has accepted a peace prize awarded to him in Ankara. Turkish President Recep Tayyip Erdoğan presented...
The European Commission will ...
KPop Demon Hunter fans listen up, Netflix has announced a follow-up to the hit movie! Director Maggie Khan says shes excited to show the world what...
Start your day informed with AnewZ Morning Brief. Here are the top news stori...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13rd of March, covering the latest developments you need to know.
Ayman Ghazali, a 41-year-old U.S. citizen born in Lebanon, crashed his truck into the hallway of a Detroit-area synagogue on Thursday (12 March) while children attended preschool. Security personnel shot him dead during the confrontation, and authorities said no one else was seriously injured.
Iran should continue “blocking the Strait of Hormuz,” while the U.S. should “shut” its Middle East military bases, new Iranian Supreme Leader, Mojtaba Khamenei, said on Thursday in his first speech since being elected. He is still yet to appear in public, and a broadcaster read out his words.
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war compensation, and international guarantees against any future invasion as conditions for ending the U.S.–Israel war with the Islamic Republic.
The U.S. should shut down its military bases in the Middle East, Iran's new Supreme Leader Mojtaba Khamenei said on Thursday (12 March). His words were read out by a broadcaster on state Iranian television.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Georgia has cancelled international tenders for the construction of major road sections that form part of a regional highway linking the country with the borders of Armenia and Azerbaijan.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment