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."
More than 2,000 people gathered in San Diego this week for funeral prayers honouring three men killed while trying to stop an attack at the Islamic...
CIS governments meeting in Ashgabat have endorsed a regional transport integration plan and advanced proposals to modernise heavy industry, highlig...
As the 13th edition of the World Urban Forum ended, Azerbaijan's Pavilion ...
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes...
U.S. Secretary of State Marco Rubio said negotiations with Iran remain deadlocked over uranium enrichment and the ...
President of Azerbaijan Ilham Aliyev held a telephone conversation with French President Emmanuel Macron on Thursday (21 May), with both leaders discussing bilateral ties, regional developments and ongoing peace efforts in the South Caucasus.
Sweden has agreed to buy four naval frigates from France’s Naval Group in a deal worth more than $4 billion, as Stockholm moves to strengthen its defence capabilities in the Baltic Sea, Prime Minister Ulf Kristersson said on Tuesday.
Finance ministers from the Group of Seven (G7) have urged the International Monetary Fund (IMF) and the World Bank to increase support for countries hardest hit by the conflict in the Middle East.
French authorities have opened a new judicial inquiry into the killing of Saudi journalist Jamal Khashoggi, bringing renewed legal attention to a case that continues to draw international focus nearly eight years after his killing.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
Belarusian President Alexander Lukashenko has said Belarus will not be dragged into the war in Ukraine, while also stressing that Minsk and Moscow would jointly respond to any aggression against them.
The penultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes far beyond the front lines as the conflict enters its 1,549th day.
As the 13th edition of the World Urban Forum ended, Azerbaijan's Pavilion showcased reconstruction efforts in its liberated territories and foregrounded the importance of mine removal in resettlement efforts.
China already dominates the global rare earth supply chain. Now, scientists have discovered new deposits in northeastern China that could prove cheaper and cleaner to extract than those mined elsewhere in the country.
More than 2,000 people gathered in San Diego this week for funeral prayers honouring three men killed while trying to stop an attack at the Islamic Centre of San Diego, in what authorities are investigating as a suspected hate crime.
U.S. Secretary of State Marco Rubio said negotiations with Iran remain deadlocked over uranium enrichment and the Strait of Hormuz, despite what he described as modest progress in recent talks.
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes far beyond the front lines as the conflict enters its 1,549th day.
Serbian President Aleksandar Vučić said he was pessimistic that an agreement would be reached before Friday’s deadline regarding Hungarian oil company MOL group's bid to acquire a majority stake in Naftna Industrija Srbije (NIS), the operator of Serbia’s only oil refinery.
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