Tag: Yahoo Finance

Australian newspapers unite in protest against media restrictions

Australia's biggest newspapers were expected to run front pages on Monday made up to appear heavily redacted to protest against recent legislation that restricts press freedoms, a rare show of unity by the usually tribal media industry. Mastheads from the domestic unit of Rupert Murdoch's News Corp, Australian Financial Review publisher Nine Entertainment and the website of the government-funded Australian Broadcasting Corp. (ABC) were expected to show current news stories with most of the words blacked out. The protest was designed to put public pressure on the government to exempt journalists from laws restricting access to sensitive information, enact a properly functioning freedom of information system, and raise the benchmark for defamation lawsuits....

These Are the World’s Best (and Worst) Pension Systems

(Bloomberg) -- The Netherlands and Denmark have the best pensions systems in the world, according to a global study that shines a light on how nations are preparing aging populations for retirement.The countries took the top two slots in the Melbourne Mercer Global Pensions Index published Monday, both earning an A grade for the level of financial security provided in retirement. Australia came in third, with a B+ grade, while the top 10 was rounded out with Finland, Sweden, Norway, Singapore, New Zealand, Canada and Chile all on B.The survey of 37 nations, which covers almost two-thirds of the world’s population, uses 40 metrics to assess whether a system leads to improved financial outcomes for retirees, whether it is sustainable and whether it has the trust and confidence of the community.The Netherlands again took the top spot in 2019 with most workers benefiting from defined benefit plans based on lifetime average...