Latest news with #Denmark
New York Times
4 hours ago
- Entertainment
- New York Times
2 Books About Hotel Life
By Leah Greenblatt Dear Readers, Perhaps you are familiar with this rabbit hole: I went online recently to make what should have been a simple booking for a short trip and promptly lost several hours of my life (without, somehow, finding an actual hotel). But what a window into humanity! Is there a better form of flash fiction than the one-star reviews on popular travel sites? These screeds have everything: hauntings, bedbugs, moral injury. Even the dullest airport Marriott, though — the nubbly carpet, the sad little cups — seems to exist somewhere outside of everyday life. That's what I like about books set amid temporary lodgings, too; like maritime law or that free zone in Denmark, they allow for other codes. Consider this week's newsletter picks, touched with mayhem and strange currencies. For the price of a good stoop sale or a library card, you can check out any time you like and you can, in fact, leave. I hope you'll read on anyway. —Leah 'Hotel Splendide,' by Ludwig Bemelmans Nonfiction, 1941 Want all of The Times? Subscribe.
Forbes
6 hours ago
- Business
- Forbes
Raising The Retirement Age Also Requires Employment Policy Reform
Last week, Denmark passed legislation to raise its retirement age to 70 in 2040, positioning the country to have the highest statutory pension eligibility worldwide. But Denmark is not alone. Many other countries in Europe and Asia are making similar moves in response to demographic shifts. The OECD projects that by 2060, the average retirement age in the EU will approach 67, with several countries expected to reach age 70 or more. However, pension reform is only a partial solution. Without protections for older workers, systemic ageism will continue to reduce employment opportunities–risking increased unemployment and poverty. Governments are responding to increasing longevity and declining birth rates. This demographic duo produces older populations and shrinks the labor force, pressuring the sustainability of pension systems designed for shorter lives and larger labor pools. The OECD projects that age-related spending could increase by 6.5 percentage points of GDP between 2021 and 2060. Few governments can sustain multi-decade retirements on a mass scale. As it is, many pensions are inadequate to support independent living. In 2022, the EU had nearly 30 working-age people (20 to 64) for every 10 people aged 65 or older. By 2045, the ratio is expected to drop below 20 for every 10. In China, the retirement age is one of the lowest: 60 for men, 55 for white-collar women and 50 for women in factories. Yet, China's National Health Commission projects that the over-60 population will grow from 280 million in 2022 to more than 400 million by 2035. A decade ago, 10 workers supported each retiree. Today, it's only five. By 2050, it may only be two. Even the U.S. has discussed the possibility of increasing the age for full social security benefits from 67 to 70. However, raising the retirement age creates additional economic challenges. For pension reform to be successful, it requires parallel employment policy reform. Pension reforms are needed. But without systems to support continued hiring, development and retention of older workers, economic insecurity for older workers only increases. Older workers face systemic employment barriers. A 2022 study by the National Bureau of Economic Research revealed workplace age discrimination as a leading indicator of financial instability and heightened poverty risk. Once unemployed, older workers struggle to find re-employment for months or years–often without success. Millions lack retirement savings. The Pew Charitable Trusts reports that in the U.S., as many as 56 million private sector workers lack an employer-sponsored retirement plan. One in five people over 50 have no savings at all. Almost 40% worry about meeting basic living costs such as food and housing. For these people, working indefinitely is the only option for financial security. The consequences of extended unemployment include rising homelessness. The 2024 Annual Homelessness Assessment Report to Congress reported that one in every five people experiencing homelessness was aged 55 or older, with more than 104,000 people experiencing homelessness between the ages of 55 and 64. Another 42,150 people were 65 or older. The report noted that 'nearly half of adults aged 55 or older (46%) were experiencing unsheltered homelessness in places not meant for human habitation.' Homelessness becomes a discriminating factor because most employers refuse to hire people who do not have permanent residence. Once homeless, people find it challenging to re-home, leading to a cycle of chronic homelessness. Some countries are already pairing reform with protective policies, usually falling into one or more of the following four categories: 2. Flexible Retirement and Work Arrangements 3. Targeted Support and Training 4. Income Support for Vulnerable Older Workers Denmark, Netherlands, Germany and the U.K. are notable for integrating flexible retirement options, retraining, and robust legal protections as they raise the retirement age. The U.S. has foundational protections for older workers through the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act; however, these laws have limitations, particularly in enforcement and the burden of proof. Despite numerous legislative proposals to strengthen protections (like POWADA), legislation has stalled in committees for years. As a result, age discrimination remains widespread, and older workers—especially those in their 50s and 60s—face significant barriers to employment, increasing the risk of poverty as retirement ages rise. Since the Trump administration has begun slashing government funding, protections for older workers are disappearing. For example, the Senior Community Service Employment Program (SCSEP), the only federal job training program specifically for low-income seniors, is currently facing complete defunding in 2026. The SCSEP specifically provides job training, reskilling and part-time employment opportunities for low-income, unemployed individuals aged 55 and older. A 2025 report ranks U.S. states from best to worst for older workers. Leading the way are Washington, New Hampshire, Alaska, Maryland and Colorado. These states offer strong labor markets, pay transparency, remote work opportunities, and higher median incomes for seniors. They also provide additional protections and workforce development initiatives that help older workers remain employed. The worst states for older workers include Mississippi, Arkansas, Alabama, West Virginia and Kentucky. These states tended to have higher rates of age discrimination at work, the lowest household incomes and few remote workers among older adults–coupled with a poor entrepreneurial environment. 'Increasing retirement ages have become a prevalent measure taken around the world to address the sustainability of pension systems. However, doing so requires a comprehensive approach that considers broader social, economic, labor market, and health-related factors,' according to a 2024 report from the International Labour Organization. Smart countries are investing in a longevity-centric policy. Instead of viewing ageing populations as an economic threat, they recognize a willing and untapped talent pool. Leveraging older workers is always a smart move, but it is essential in a shrinking labor market. Raising the retirement age may be a necessary step. But without additional employment protections, pathways and purpose, it risks leaving millions behind. In an age of longevity, ageing populations are not a threat to prosperity—they're a key to unlocking it.
BBC News
6 hours ago
- Business
- BBC News
The Euro 2025 lessons learned from Wales' Denmark defeat
It was not the ideal scenario for what Wales still hope will be an idyllic summer in in Denmark – albeit amid controversy – means Rhian Wilkinson's side were relegated from Nations League also ensures a tricker path to World Cup qualification in 2027 as a result of dropping into the second with their opening Euro 2025 fixture against the Netherlands in Lucerne just five weeks away, what will be of greater importance is how Wales are shaping up ahead of their first ever major finals in women's as they prepare to face Italy on Tuesday in their final Nations League fixture - and their final game before their European Championships debut – what can Wales take from their 1-0 loss in Odense? It should not come down to technicalities There are no regulations that insist goal-line technology has to be used in the Nations goes for the men's tournament as well as the women' as Wales head coach Rhian Wilkinson suggested for this level of international football, there should Fishlock's goal that never was may have proven the difference. It may not have – and Denmark certainly had chances before and after to argue the given Nations League A is meant to be the elite of women's international football in Europe – and that goal-line technology if not VAR has been used in other fixtures at this level – it was hard to argue with the viewpoints of those such as former Wales captain Kath Morgan who pondered if men's football at this stage would really be put in the same not forget, a guaranteed play-off for the 2027 World Cup was also a reward for Wales staying in League A."I'm just fed up with the system," Morgan said. "If that means we won't stay in League A, you have to question Fifa and Uefa. There shouldn't be a debate over which games to send VAR to."For the record, Euro 2025 will have goal-line technology, VAR and semi-automated offsides all in operation. Uefa have also been asked for their thoughts. Out of League A, but not out of their depth A third defeat for Wales in League A, and a third by the solitary goal."It's fine margins again," said Wales captain Angharad James. "We're disappointed to be relegated but we have put on good performances. "They were slowing the game down in the corner and doing little things and that wouldn't have happened a few years ago – this is the new us now and we can built on it."Compared to their last appearance at this level – where there were five goals conceded in one game against Denmark and another against Germany – Wales have looked a different may have hung on in periods but, they have not parked the bus. In fact, it is needing to be more clinical at the other end that has ultimately cost are still missing that win though – and the squad know it."We can be positive about our performance, but we also need to have a little bit of mentality that it's almost not good enough and needs to be better – because we want to get better and win games," said senior star Fishlock. Shaky starts must stop Fishlock made her 161st appearance for her country – just like matchwinner and former Chelsea forward Pernille will be disappointed they switched off just after the restart to allow the Bayern talent to score her 78th goal for her country."Wales were not switched on enough and got punished," admitted former men's captain Danny also hit the bar in a determined Danish start to things where Wales could not settle and put their foot on the impressing defensively, Wales have conceded in the first 15 minutes of halves in all four games to be on it and at it from the off against the likes of England, France and the Netherlands this summer, and Wales could be out of games before they know it. Fishlock's still got it Plenty of observers were a little worried when it was revealed key midfielder Fishlock would start, less than a week from her comeback for Seattle Reign in the US after more than a month out 38, Wales' record goalscorer and appearance maker may no longer be at the peak of her powers, but she will be needed in made her first start for Wales since the Nations League opener in Italy back in February and only her second appearance on any football pitch since March – but it proved both needed and her own admission, there were some rusty touches, but there was also a presence and an uplift to Wales' no mistake, Wales will look to their icon in Switzerland – and other sides should look out for her too. Wilkinson has options Wales will not have the same top-flight pedigree among their players as the nations they face in their depth and options are better than arguably ever before."What's really positive for me, if we go back 18 months, you're looking at the same 11, maybe one or two players coming off the bench constantly," said former striker Gwennan Harries. "But there is a lot more depth now."You're always unsure with [Rhian] Wilkinson on the team and who is going to start in these positions. She is trying to give players opportunities and to be more adaptable."She said beforehand she wants the team to be able to adjust and adapt and that they're not predictable, and I think we are seeing that."Wales can change systems to suit and are not weakened by change as much as they were a very short time ago,Alice Griffiths coming off the bench early after the unfortunate – and hopefully, minor – injury to Mayzee Davies was a case in point. Some of her passes helped Wales get a foothold in the game and will give her confidence of performing come this too for a player who has just been released by Southampton and effectively could be going to the Euros without a says she sees it as an opportunity. With one last game to go before Switzerland, Wales will hope to be ready to seize theirs this summer.
Yahoo
9 hours ago
- Business
- Yahoo
WithSecure has completed the transaction of Cyber security consulting divestment to Neqst
WithSecure Corporation, Stock Exchange Release, 31 May 2025 at 9:45 EEST WithSecure has completed the transaction of Cyber security consulting divestment to Neqst WithSecure announced on 23 January 2025 its intention to divest the cyber security consulting business to Neqst, Swedish investment company. On 31 May 2025, the parties completed the transaction in accordance with the sale and purchase agreement. EUR 13.5 million, corresponding to 60 % of the agreed enterprise value of EUR 22.5 million, deducted by the transferring net assets of the business, is paid in cash by the buyer. The remaining 40 % is variable purchase price, based on the performance of the business in 2025 and 2026, and it becomes payable in two installments in the beginning of 2026 and 2027. All closing conditions of the transaction have been fulfilled. With the transaction, approximately 230 employees located in Finland, UK, Sweden, Denmark, Singapore, Italy, and US will transfer to the buyer. 'I wish our former colleagues and their new company the best of luck in the future. As for WithSecure, the consulting divestment allows us to fully focus on our Elements strategy of becoming the flagship of European cybersecurity', states Antti Koskela, President and CEO of WithSecure. Contact information: Laura ViitaVP, Controlling, investor relations and sustainabilityWithSecure Corporation+358 50 487 1044investor-relations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential. See more UBER analyst ratings Disclaimer & Disclosure Report an Issue
