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."
Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan all reported blackouts on Friday, which Kazakhstan’...
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Ministe...
At least 20 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, ...
Hundreds of flights have been cancelled or rerouted at Catania Airport over the past week as ash from Mount Etna’s ongoing eruption continues to disrupt air travel in Sicily.
Iran says the Strait of Hormuz remains under its control, rejecting U.S. President Donald Trump’s claim of “total control” over the strategic waterway and insisting it will not reopen until Washington fulfils its commitments under an interim deal.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
One person has been killed and six others injured after an explosion at a petroleum storage facility at the Port of Rotterdam, prompting an investigation into the cause.
Record rainfall in Japan killed eight people and stranded thousands of travellers at Tokyo's Narita Airport on Friday, as flooding disrupted transport and cut power to 20,000 homes.
At least 20 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Jason Arday, the former University of Cambridge professor at the centre of a plagiarism row, has been found dead. He was appointed Cambridge's youngest ever Black professor in 2023, but quit on 5 August, after being accused of lifting passages from his PhD from the work of other academics.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
A federal court has allowed the Trump administration to move forward with ending temporary immigration protections for Somali nationals living in the United States, a decision that could leave more than 1,000 people vulnerable to deportation.
Iran and Afghanistan are seeking closer cooperation in agriculture, livestock and irrigation during a three-day Iranian ministerial visit to Kabul, as both sides look to strengthen trade and rural economies.
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