In Paris on 5 October, President Macron’s office revealed the lineup for the new French government under Prime Minister Sébastien Lecornu. Roland Lescure, a close ally of Emmanuel Macron, was tapped as finance minister, while the outgoing finance chief, Bruno Le Maire, was reassigned to defence.
Though many senior ministers survived the reshuffle: Jean-Noël Barrot continues at foreign affairs; Bruno Retailleau remains interior minister; Gérald Darmanin still holds the justice portfolio, the stakes on the economic front have just skyrocketed.
Lescure, who comes from a left-leaning background, and Prime Minister Lecornu now face the tough task of brokering a budget deal for next year in a deeply divided parliament as the year-end deadline looms.
Negotiations have become far more complicated, demanding delicate concessions across three ideologically opposed blocs in the hung legislature.
Lecornu’s two immediate predecessors were forced out over their efforts to cut France’s budget deficit, now the highest in the eurozone, at a moment when bond markets and rating agencies are scrutinising every move.
Trying to court Socialist support, Lecornu floated a wealth tax long demanded by the left, but expressly excluded business assets so as not to undermine companies or risk jobs.
He also explicitly ruled out using special constitutional powers to force the budget through parliament without a vote.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic miss...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Country music legend Dolly Parton, whose songs, unmistakable style and warmth made her one of America’s most enduring entertainers, has died ...
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment