G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
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.
The proposed budget, totaling sixty billion euros, was met with strong opposition from both the far-right and left-wing lawmakers, who argue that the measures would disproportionately impact the French public. The budget, which aims to address France’s growing financial challenges, has sparked widespread protests and calls for government accountability. This is the first time since 1962 that a French government has lost such a vote.
Marine Le Pen, leader of the far-right National Rally (RN) party, discussed the increasing pressure on President Emmanuel Macron. While she did not directly call for his resignation, Le Pen warned that continued disregard for voters' concerns would strengthen the pressure on the president. She suggested that Macron would ultimately have to decide whether to call for early elections or remain in power despite mounting opposition.
"I am not pushing for, I am not asking for the resignation of Emmanuel Macron," Le Pen said. "But if we don’t take the route of respecting the voters and political forces and elections, well, then the pressure on the president will of course be stronger and stronger. But he’s the only one who will make the decision, who will have the last word, on whether he wants the French people to vote again before 2027 or whether he wants to stay on the horse at any price, so to speak."
Meanwhile, the left-wing France Unbowed (LFI) party is calling for Macron’s resignation, accusing him of repeatedly imposing policies that the public has rejected. LFI members argue that Macron’s reforms are geared towards the wealthiest, burdening public services and ordinary citizens.
Mathilde Panot, a member of parliament from the far-left party, stated, "Today, with the no-confidence motion in this government, it is Emmanuel Macron's entire politics that has been defeated, one which was defeated three times in the results of elections, one which persists in wanting to make the people and the public service pay for policy made for the richest, one which must now stop. And to get out of the impasse in which the president has placed the country, there is only one solution, we now ask Emmanuel Macron to leave."
With Prime Minister Barnier's resignation expected, France faces political uncertainty. Without a new parliamentary election until July, the country is at risk of political paralysis, which could delay key decisions, including the approval of the 2025 budget. The situation has left France’s political future in question as both the public and lawmakers demand change.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
Global oil prices have surged past $110 a barrel this Monday as fresh U.S.-Israeli strikes hit multiple targets, including oil depots. Stock markets fell on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz, raising concerns over global energy supply.
The U.S. embassy in Oslo was hit by a loud explosion early on Sunday (8 March), causing minor damage but no injuries, in what may have been a deliberate attack linked to the crisis in the Middle East, Norwegian police said.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
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