Uzbekistan expands privatisation drive and launches VAT refunds for foreign tourists
Uzbekistan is advancing plans to reduce the state’s role in the economy while introducing a VAT refund system for foreign visitors, as part o...
Barnier will leave office having served the shortest prime ministerial term in modern French history
France plunged into political turmoil on Wednesday as Prime Minister Michel Barnier’s government fell to a no-confidence vote, marking the shortest prime ministerial tenure in the modern history of this country.
The far-right National Rally and the left-wing New Popular Front alliance united to oust Barnier after his government attempted to push through an austere budget aimed at curbing France’s soaring deficit.
MPs voted decisively to pass the no-confidence motion against Michel Barnier, just three months after he was appointed prime minister by President Emmanuel Macron.
The motion, tabled by opposition parties, came in response to Barnier’s controversial use of special powers to bypass parliamentary approval for his austerity budget. It is the first time a French government has been toppled by a no-confidence vote since 1962.
Wednesday’s vote required 288 MPs to support the motion for it to pass. In the end, 331 MPs voted in favor.
The unprecedented collapse has raised alarms over the stability of the eurozone’s second-largest economy.
Three sources told Reuters that President of France Emmanuel Macron aimed to install a new prime minister swiftly, with one saying he wanted to name a premier before a ceremony to reopen the Notre-Dame Cathedral on Saturday.
Any new prime minister would face the same challenges as Barnier in getting bills, including the 2025 budget, adopted by a divided parliament.
There can be no new parliamentary election before July.
Alternatively, Macron could ask Barnier and his ministers to stay on in a caretaker capacity while he takes time to identify a prime minister able to attract sufficient cross-party support to pass legislation.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
Some geographies are small on the map yet immense in history. The Strait of Hormuz is one. About a quarter of global oil trade and a fifth of LNG flows pass through this narrow corridor - around 20 million barrels per day sustaining the global system.
Afghanistan and Pakistan have agreed to continue dialogue and avoid steps that could worsen tensions after China-hosted talks in Urumqi, with Kabul and Beijing saying the meetings focused on easing differences and improving relations.
Turkish President Recep Tayyip Erdoğan has said Türkiye aims to rank among the world’s top ten exporters of defence technology within the next two years.
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the killing of former Supreme Leader Ayatollah Ali Khamenei, who died during U.S.-Israeli attacks on 28 February.
The European Union and Washington are nearing an agreement to coordinate the production and security of critical minerals, Bloomberg News reported on Friday (10 April).
In a forceful rebuke to Washington’s foreign policy in the Americas, a senior Russian diplomat has declared that Moscow will never abandon Cuba, pledging ongoing support to help the Communist-run island overcome a severe energy crisis linked to the United States embargo.
Hungary votes on Sunday in a parliamentary election that could loosen Viktor Orbán’s 16-year hold on power. His ruling Fidesz faces a strong challenge from Péter Magyar’s Tisza party, which has led some polls, though many voters remain undecided.
While a fragile ceasefire in the Iran war may deliver badly needed relief to economies battered by the world’s worst-ever energy crisis, hopes it will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced.
Chinese President Xi Jinping has told Taiwan opposition leader Cheng Li-wun that “people on both sides of the Taiwan Strait are Chinese” and that the future of cross-strait ties should be decided by “the Chinese people themselves”.
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