The daily business briefing: March 6, 2023

French pension-reform protests intensify, Tesla cuts prices on two more vehicles, and more

Protesters in France
(Image credit: Jerome Gilles/NurPhoto via Getty Images)

1. Protests intensify against France pension-reform proposal

French protests against the government's controversial pension reform plan are intensifying this week with strikes and other operations organizers say will bring the country "to a standstill." Truckers are blocking roads on Monday to slow traffic in "escargot" (snail) operations on major highways. Unions plan to start an open-ended national rail service strike on Monday night, followed by bigger disruptions on Tuesday, when workers in several sectors plan to go on strike. The government of President Emmanuel Macron has proposed pension reform that would raise the official pension age from 62 to 64, with 43 years of work required to earn a full pension.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.