Putin has signed off on a record defense budget for 2025 amid the ongoing Ukraine war. Defense spending will rise to 13.5 trillion rubles, making up a third of the country’s budget. Russia’s economy faces inflation and ruble decline, despite military-driven activities. Russian President Vladimir Putin has signed off a federal budget that will boost…
So Macron will just appoint a new prime minister, right? Yes, but it’s not that simple. The French National Assembly is divided into three political blocs: Macron’s centrists, the far-right National Rally, and the left-wing coalition. The three groups are poles apart on politics and refuse to work together, meaning that any new government could…
Barnier’s minority government, backed by a fragile coalition of conservative and centrist lawmakers, does not have the votes needed to pass its legislation outright without the far right’s tacit support. Under the French constitution, the government can pass legislation without parliamentary approval. However, lawmakers can then challenge this through a motion of no confidence, which,…
A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France’s budget conundrum will take centre stage on Thursday as investors fret about the economic and political stability of the regional powerhouses while the spectre of U.S. tariffs looms large across Europe. With the U.S. markets closed…
BRUSSELS, Sept 17 – European Commission President Ursula von der Leyen on Tuesday nominated her candidates for posts in the EU executive. Who’s who in top picks for European Commission Each of the EU’s 27 member states gets a seat at the Commission table. Here are some of the key posts and nominees: BUDGET Piotr…