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."
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France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
France will impose its toughest outdoor smoking restrictions starting Monday, banning smoking at beaches, parks, playgrounds, and bus stops.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
British prosecutors are reviewing new evidence to decide whether to charge Lucy Letby over additional baby deaths at two hospitals, as police expand their investigation into both the former nurse and hospital leadership.
Thick smoke and flames rose over Mogadishu airport on Wednesday after a Ugandan military helicopter crash landed during a peacekeeping mission, leaving several crew members unaccounted for.
Poland will invest nearly $665 million in building three ammunition factories, aiming to boost defence readiness amid growing regional tensions.
Belarusian President Alexander Lukashenko has pardoned 16 individuals convicted of various offences, including charges of "extremism", ahead of the country's Independence Day, state media reported on Wednesday.
A UN report claims Rwanda has been providing military support and training to M23 rebels in eastern Congo, gaining political influence and access to mineral-rich areas, despite Rwanda's denials.
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