The German government is preparing major changes in the pension system. Under the proposal, the retirement age can be increased from 67 to 70 years. Also, the early retirement facility available to employees who have contributed to the pension fund for 45 years can also be abolished. According to German media reports, the commission formed by Chancellor Friedrich Merz and Labor Minister Barbel Baas will present its recommendations on Tuesday. The Commission has suggested that the retirement age be linked to life expectancy and raised to 70 years in a phased manner. The Commission has also recommended abolishing the scheme popularly known as ‘Pension at 63’, under which employees who have contributed for 45 years can retire early without any deduction. The proposal also calls for an additional 2% contribution from employees and their employers. This amount will be deposited in a new government investment fund. At present, 18.6% contribution is taken for pension in Germany. According to reports, the government is trying to get this reform package approved before the July recess of Parliament. In Germany, due to the rapidly increasing aging population and a large number of people retiring, the pressure on the pension system is increasing. Other big news related to international affairs… 3 students killed in shooting in Philippines school, 2 suspects in custody. Three students died, while five were injured in a shooting in a high school in the Philippines on Monday. According to police officials, two men opened fire at San Jose National High School in Tacloban City. The police have taken both the suspects into custody. According to officials, one of the arrested accused is a student of this school. At present, the police is trying to find out what was the reason for the firing and why the attackers carried out this incident. Security has been increased in the area after the incident. Additional police force has been deployed in the school and surrounding areas. Police said that the investigation of the case is going on and on the basis of preliminary inquiry, the reasons behind the incident are being ascertained. Heatwave in Europe: Temperature near 40°C, trains canceled in France; Red alert in Italy-Spain Many countries of Europe are in the grip of severe heatwave. The temperature in Italy, Spain, France and Germany has reached close to 40 degrees Celsius. In view of the situation, red alert has been issued in many cities. The effect of heat is also visible on transport, tourism and wildlife. Scientists say hot air moving north from the Sahara Desert and a high pressure system called the “African Anticyclone” have caused a “heat dome” to form over western and central Europe. Due to this, hot air is trapped and the temperature is continuously increasing. The temperature in Italy has remained above 35°C for several days. Due to this, red alert has been issued in 8 cities including Bologna, Florence, Milan and Turin. Spain’s weather agency AEMET has issued red and orange alerts in many parts of the country. The extreme heat in France is affecting the rail network. According to national rail operator SNCF, the risk of damage to overhead power lines and rail tracks has increased due to high temperatures. As a precautionary measure, 71 intercity trains have been canceled on major routes till Monday. The temperature in Germany has reached 38°C. Meteorological department DWD has issued a warning of strong thunderstorms and heavy rain in eastern areas including Berlin. Trump-backed Abelardo de la Espriella becomes the President of Colombia Abelardo de la Espriella, the candidate supported by US President Donald Trump, has won Colombia’s presidential election. According to initial vote counting, he defeated leftist candidate Ivan Cepeda in a close contest by about 2.5 lakh votes. His victory is being seen as the return of right-wing and nationalist tendencies in the country’s politics. After almost all votes were counted, De la Espriella received 49.66% of the votes, while Iván Cepeda received 48.70%. After the election results, US President Donald Trump called him and congratulated him. De la Espriella, known as “The Tiger” among his supporters, made crime control, economic reform and strengthening the energy sector key issues in his election campaign. Crime and security were the biggest issues during the elections. De la Espriella blamed the government of current President Gustavo Petro for the country’s economic challenges and deteriorating security situation. On the economic front, he has presented a plan to restart oil exploration, allow fracking and increase crude oil production to 1.3 million barrels per day. Apart from this, it has also been announced to cut taxes, increase the scope of taxpayers and reduce the size of the government system by 40%. However, political analysts believe that due to the narrow victory and divided Parliament, he may have to compromise on some of his proposals. The new government will also have to face the big challenge of public debt. Abelardo de la Espriella is a lawyer by profession and this is his first big step into politics. Apart from law, De La Espriella also runs businesses in liquor, textile and real estate sectors.
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