China lifts retirement age for the first time since 1950s

China lifts retirement age for the first time since 1950s

In a significant policy shift, China is set to “gradually raise” its retirement age for the first time since the 1950s. This decision comes as the nation grapples with an ageing population and a shrinking pension budget. On Friday, the nation’s leading legislative assembly sanctioned measures to increase the legal retirement age for women in…

US inflation hits its lowest level in over three years

US inflation hits its lowest level in over three years

Recent official figures indicate that US inflation has continued to decline, bolstering expectations that the US central bank may lower interest rates in the upcoming week. In the year leading up to August, consumer prices increased 2.5% despite declines in the costs of petrol, used cars and trucks, and several other items. The latest figures…