Recent events in France have sparked mass protests across the country, all stemming from President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister. This move has led to accusations from left-wing parties of Macron stealing the legislative elections. Accusations of Democracy Denial The left, particularly the far-left France Unbowed (LFI) party, has
Economy
Elizabeth Street Garden, a cherished public oasis in lower Manhattan, faces imminent eviction to make way for a new housing development project. The garden, founded in 1991 by an antiques gallery owner, has become a symbol of community and respite in the crowded Little Italy neighborhood, immortalized in films like “Mean Streets” starring Robert De
The promise of a resurgence in U.S. manufacturing has been a hot topic in recent years. However, the reality is far from the optimistic picture painted by political figures. The decline of U.S. manufacturing over the last few decades is evident in the data. While there have been modest increases in output in certain industries
Thailand’s Prime Minister Paetongtarn Shinawatra has announced that her new government will focus on stimulating the economy immediately. Following a special cabinet meeting to fine-tune policies, she is set to present her plans at a parliamentary meeting later this week. Paetongtarn, who took office after the ousting of former premier Srettha Thavisin due to ethical
Recent reports from Bloomberg News suggest that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant revisions to proposed bank capital rules. These changes, totaling up to 450 pages, would focus on key aspects such as operational risk provisions. One of the crucial modifications in the revised proposal involves a
In the midst of deep political fault lines and a divided parliament, French President Emmanuel Macron has appointed Michel Barnier, a seasoned political figure known for negotiating Brexit, as his prime minister. This decision comes at a crucial time for Macron, who is facing growing questions about his ability to lead the country until 2027.
The recent data from the Labor Department indicates a decline in the number of Americans filing new applications for jobless benefits, suggesting that layoffs remain low. This development alleviates concerns about the deterioration of the labor market and allays fears of a looming recession. The weekly jobless claims report also shows a reduction in unemployment
The recent sell-off in Wall Street has prompted a surge in the safe-haven Japanese yen, with riskier currencies like the Australian dollar and sterling taking a hit. Traders are seeking cover due to concerns about a potential hard landing for the U.S. economy. The catalyst for this market reaction was the release of soft U.S.
The Malaysian central bank, Bank Negara Malaysia (BNM), is set to leave its key interest rate unchanged as growth remains strong and inflation remains under control, according to a recent poll conducted by Reuters. Despite the fact that inflation is currently at 2.0%, the Malaysian ringgit has shifted from being one of the weakest performing
The housing market in New Zealand has been experiencing fluctuating trends, with predictions of a 6% rise in house prices next year. This forecast comes after a recent decline in prices, which saw home values drop nationally from NZ$800,000 to NZ$753,000 earlier this year. Despite this decline, prices are still relatively high, sitting just 19%
Recent data from the Ministry of Finance in Japan indicates a 7.4% year-on-year increase in corporate spending on plant and equipment during the second quarter. These numbers have sparked hope for a domestic-led recovery in economic growth in the country. It is clear that businesses are investing in their future, which could have a positive
Recently, Brazilians have been hit with the news that they will be paying more for electricity in September. This is due to a decision made by the local power regulator Aneel, who has implemented an additional charge on bills. The reason for this extra cost is the drop in reservoir levels at hydroelectric plants, which
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