Germany’s pension commission has proposed tying statutory retirement age to projected life expectancy. Under the commission’s 2:1 rule, each one-year increase in projected life expectancy would, if approved, raise average working time by eight months and extend average retirement by four months. Separately, projected life expectancy in Germany hit new highs: males 79.1 years and females 83.6 years, up three months and two months respectively versus 2024.

Summit Place Financial Advisors says markets expect broadly solid Q2 corporate results, but investors will focus on high oil prices’ impact on costs, margins and final product prices. The firm adds inflationary pressure from rising energy costs may take months to fully transmit, leaving the Fed limited room to cut rates in the near term and likely on the sidelines.

July 7 — Alipay said it has launched its AI open platform and opened invited testing to enterprise developers and third-party development service providers. The platform lets merchants and institutions AI-enable service capabilities, integrate the Abao assistant to deliver intelligent services to about 1 billion users, and support cross-device connectivity — linking smartphones, vehicle head units, AI glasses, IoT devices and large-model platforms to enable one-time integration, multi-end distribution and unified management.