The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor's (S&P) said on Thursday.
The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor's (S&P) said on Thursday.
"With less than four weeks until the end of the year, and even less time remaining until the Dec. 21 deadline to pass the budget, regardless of whether a new government is formed, S&P Global Ratings believes that the likelihood of an amended 2025 budget plan to be passed by year-end 2024 is low," it said.
S&P added in a note that under most scenarios, it would expect "considerably less budgetary consolidation than implied by the measures—including new taxes—proposed by the former government."
France’s constitutional court ruled that politicians can be barred from office immediately if convicted of a crime, raising the possibility that far-right leader Marine Le Pen could be disqualified from the 2027 presidential race if found guilty in her upcoming embezzlement trial.
French prosecutors requested a seven-year prison sentence and a €300,000 fine for former President Nicolas Sarkozy in his trial over allegations of accepting illegal financing for his 2007 presidential campaign from the former Libyan dictator Muammar Gaddafi.
France will send €2 billion in military support to Ukraine, President Macron announced ahead of a key security summit in Paris.
French actor Gérard Depardieu is set to stand trial in Paris on March 24 and 25 on charges of sexual assault involving two women during the filming of Les volets verts (The Green Shutters) in 2021. He denied all allegations.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,644 people and leaving 2,300 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
UN Secretary-General António Guterres responds to discussions on a potential temporary administration in Ukraine, reaffirming the presence of a legitimate government and clarifying the UN’s role in mediation efforts.
Suicide bomber targets a political protest rally in Balochistan, Pakistan. No civilian casualties reported; the attacker was killed.
The Norwegian Government has decided to provide a total of NOK 3 billion in humanitarian support to Ukraine and to the refugee response in Ukraine’s neighbouring countries in 2025.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,644 people and leaving 2,300 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
A devastating overnight drone attack on Kyiv, attributed to Russian forces, resulted in the deaths of three people, including a five-year-old child, and left ten others injured.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,644 people and leaving 2,300 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
UN Secretary-General António Guterres responds to discussions on a potential temporary administration in Ukraine, reaffirming the presence of a legitimate government and clarifying the UN’s role in mediation efforts.
Suicide bomber targets a political protest rally in Balochistan, Pakistan. No civilian casualties reported; the attacker was killed.
The Norwegian Government has decided to provide a total of NOK 3 billion in humanitarian support to Ukraine and to the refugee response in Ukraine’s neighbouring countries in 2025.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing more than 1,644 people and leaving 2,300 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
UN Secretary-General António Guterres responds to discussions on a potential temporary administration in Ukraine, reaffirming the presence of a legitimate government and clarifying the UN’s role in mediation efforts.
Suicide bomber targets a political protest rally in Balochistan, Pakistan. No civilian casualties reported; the attacker was killed.
The Norwegian Government has decided to provide a total of NOK 3 billion in humanitarian support to Ukraine and to the refugee response in Ukraine’s neighbouring countries in 2025.
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