Treasury Secretary Bessent calls for "entire" review of Fed
U.S. Treasury Secretary Scott Bessent on Friday called for a wide-ranging re-examination of the Federal Reserve’s role and authority, including its ...
Parisians are voicing skepticism about France’s newly formed government, unveiled by Prime Minister Francois Bayrou, as concerns grow over its ability to address the nation’s mounting political and economic challenges.
Parisians have expressed low expectations for France's newly appointed government, describing it as out of touch with the broader population.
Announced by Prime Minister Francois Bayrou, the new cabinet features experienced ministers and senior civil servants tasked with navigating a challenging political and economic climate.
Among the appointees are former Interior Minister Gerald Darmanin, now heading the justice ministry, and former Prime Minister Elisabeth Borne, who has been entrusted with education. Eric Lombard, head of the government's investment arm, has been named finance minister alongside Amélie de Montchalin as budget minister.
The government faces immediate pressure to address the 2025 budget after parliamentary resistance toppled Bayrou's predecessor, Michel Barnier. With the deficit expected to exceed 6% of GDP by year’s end, many question whether the new team can deliver the reforms needed to stabilize the economy.
Parisians outside Saint Lazare station voiced their doubts. Patricia Carotine remarked, "I don’t expect anything from it... unless there’s a magic wand, which I don’t think exists." Charles Neker criticized the lack of political diversity, saying, "It’s always the Macronists and Republicans... It’s not just the Left or the Right; it’s all the French people."
As Bayrou’s team begins its work, public sentiment remains tepid, with uncertainty lingering over whether the new government can overcome the obstacles ahead.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
U.S. Treasury Secretary Scott Bessent on Friday called for a wide-ranging re-examination of the Federal Reserve’s role and authority, including its control over interest rate policy, as the Trump administration steps up its campaign to assert greater oversight over the central bank.
The Trump administration is preparing to introduce new rules that would restrict or potentially block imports of Chinese-made drones and medium to heavy-duty vehicles, citing national security concerns.
British Prime Minister Keir Starmer carried out a major cabinet reshuffle on Friday (September 5), appointing new deputies as well as foreign and interior ministers in a bid to reassert control following the resignation of his deputy, Angela Rayner.
Australian driver Daniel Ricciardo confirmed on Friday (September 5) that his racing career has come to an end, announcing he will take on a new role as a global motorsports ambassador for Ford.
Lebanon’s cabinet on Friday (September 5) endorsed an army proposal to disarm Hezbollah, saying the military would begin implementing it, though without a set timeline and while noting the army’s limited resources.
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