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."
A historical watch for the late Queen Marie Antionette of France is on display at the Science Museum: Royal Court of Versailles in London.
French debt risk premiums versus safe-haven German Bunds fell on Friday, after French President Emmanuel Macron said he would appoint a new prime minister in the coming days and his top priority would be getting a 2025 budget adopted by parliament.
Thousands of people are expected to attend Lyon's famous Lights Festival "Fete des Lumieres."
Opposition lawmakers in France have brought down Prime Minister Michel Barnier's government in a historic no-confidence vote on Thursday. Calls for President Emmanuel Macron's resignation are now growing, deepening the country's political crisis.
So what will happen next in France? President Emmanuel Macron faces crucial negotiations to form a new government, with two possible scenarios, and another third less likely to happen.
Tesla CEO Elon Musk has reached another major milestone, with his net worth surpassing $400 billion. This achievement comes on the back of a significant rise in Tesla's stock this year and the growing valuation of his space exploration company, SpaceX.
The Biden administration reaffirmed its commitment to supporting Ukraine by announcing a new weapons aid package, with White House spokesperson John Kirby emphasising continued assistance throughout Biden's presidency.
Israeli troops have entered the buffer zone between Syria and the Golan Heights following the collapse of Bashar al-Assad's regime.
After more than a decade of waiting, Romania and Bulgaria will become full members of Europe’s Schengen free-travel area starting January 1, 2025, following Austria's decision to lift its veto.
G7 leaders pledge support for a Syrian transition to credible, inclusive governance, emphasizing human rights, rule of law, and territorial integrity.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
The Biden administration reaffirmed its commitment to supporting Ukraine by announcing a new weapons aid package, with White House spokesperson John Kirby emphasising continued assistance throughout Biden's presidency.
Israeli troops have entered the buffer zone between Syria and the Golan Heights following the collapse of Bashar al-Assad's regime.
After more than a decade of waiting, Romania and Bulgaria will become full members of Europe’s Schengen free-travel area starting January 1, 2025, following Austria's decision to lift its veto.
G7 leaders pledge support for a Syrian transition to credible, inclusive governance, emphasizing human rights, rule of law, and territorial integrity.
South Korea’s parliament passed impeachment motions on Thursday against Justice Minister Pak Song Ce and National Police Agency Commissioner Cho Ci-ho.
Tesla CEO Elon Musk has reached another major milestone, with his net worth surpassing $400 billion. This achievement comes on the back of a significant rise in Tesla's stock this year and the growing valuation of his space exploration company, SpaceX.
The Biden administration reaffirmed its commitment to supporting Ukraine by announcing a new weapons aid package, with White House spokesperson John Kirby emphasising continued assistance throughout Biden's presidency.
Israeli troops have entered the buffer zone between Syria and the Golan Heights following the collapse of Bashar al-Assad's regime.
After more than a decade of waiting, Romania and Bulgaria will become full members of Europe’s Schengen free-travel area starting January 1, 2025, following Austria's decision to lift its veto.
G7 leaders pledge support for a Syrian transition to credible, inclusive governance, emphasizing human rights, rule of law, and territorial integrity.
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