Yahoo Finance While Politics Rattle France, U.S. Markets Keep Rolling On
French stocks suffered their worst week in almost two years, while yields on French government bonds rose sharply relative to their German counterparts.
French stocks suffered their worst week in almost two years, while yields on French government bonds rose sharply relative to their German counterparts.
The director of the Bruegel think tank in Brussels once asked what would happen if a eurozone state ever attempted a variant of Trussonomics, without the protection of its own sovereign central bank and policy instruments. We may find out as soon as the first round of voting in the French elections this Sunday.
Sir Keir Starmer and his Labour team enjoy warm cuddly feelings about the European Union. Although Starmer has ruled out returning to the customs union or the EU’s single market, Labour says that it will improve the UK’s relationship with the EU by negotiating a veterinary agreement to reduce border checks and seeking mutual recognition agreements allowing touring artists and professionals to export their services to the EU.
The consumer price index increased to its highest level in 2024, indicating the Reserve Bank is unlikely to cut interest rates soon
"It's invented, isn't it, James?" Labour's Yvette Cooper said.
He also revealed what will happen if Joe Biden provokes Trump at this week's debate.
Critics on social media suggested the chyron meant one thing.
There’s little more than a week to go before the almost inevitable handover of power from the Conservatives to Labour, and still it’s hard to make out precisely what to expect from the new government.
President Emmanuel Macron's shock snap election has rocked France's bond market, the largest in the euro zone, as a strong showing for the far right and left wing parties in opinion polls exacerbates concerns about fiscal sustainability. Earlier in June, the risk premium France pays for its debt on top of Germany's neared levels last seen in 2012, during the euro zone debt crisis. The question is how much more turmoil the two-round elections on June 30 and July 7 could sow in bond markets.
When the history of this election campaign comes to be written, one question will perplex the compilers more than any other: why now? The Tory officials and police officers being investigated for alleged gambling law infractions by betting on a snap contest in July will have secured very good odds for the simple reason that no one was expecting it.
WASHINGTON (Reuters) -The U.S. and Russian defense chiefs spoke by telephone on Tuesday in rare communication between the two powers and with tensions rising after Moscow blamed Washington for a deadly Ukraine attack over the weekend on the Russian-annexed Crimea. The two sides gave widely divergent accounts of the conversation - the first one between U.S. Defense Secretary Lloyd Austin and Russia's new Defense Minister Andrei Belousov, who replaced Sergei Shoigu in May.
Experts called out the callous behavior within the Russian armed forces after drone footage showed a soldier shooting a wounded comrade.
Much heartened by the onslaught of criticism I’ve been receiving from Telegraph readers, I am returning to the subject of one of Clacton’s parliamentary candidates. Two weeks ago I got myself into a vat of boiling oil for saying we should turn our heads to the wall from Mr Farage’s sort of bitter and divisive populism. My column was greeted with such outrage and affront that I knew I was onto something.
Three of the UK’s biggest lenders have cut their fixed mortgage rates in the past week in anticipation of interest rate cuts after the election.
The UK’s cost of living will be a major talking point in the run up to July’s general election
European Union countries agreed a sanctions package against Belarus on Wednesday, EU diplomats and Belgium said, to try to close off a route to avoiding restrictions on Russia. The EU adopted this week its 14th package of sanctions to punish Russia for its full-scale invasion of Ukraine in 2022, which included clauses that increased responsibility on EU companies exporting via non-EU countries. "This package will strengthen our measures in response to Russia's invasion of Ukraine, including combating circumvention of sanctions," Belgium, which holds the EU presidency until the end of June, said on X.
A Pentagon spokesperson said that any military personnel North Korea sent to Ukraine to aid Russian forces would just be "cannon fodder."
There was tension in U.S. District Judge Aileen Cannon’s courtroom on Monday afternoon as the controversial jurist—already facing criticism that she is in the tank for Donald Trump, who appointed her to the bench during his single term in the White House—snapped at one of the government attorneys prosecuting Trump for unlawfully hoarding classified documents after leaving office.The exchange occurred during a hearing at the federal courthouse in Fort Pierce, Florida, with prosecutors arguing for
The Biden administration is moving towards lifting a de facto ban on American military contractors deploying to Ukraine, four US officials familiar with the matter told CNN, to help the country’s military maintain and repair US-provided weapons systems.
Tuesday’s contests in Colorado, New York, South Carolina and Utah saw the first incumbent House Democrat to lose in a primary this cycle, along with several losses for Trump-endorsed candidates. The progressive wing of the Democratic Party suffered a major blow when Rep. Jamaal Bowman (D-N.Y.) lost to Westchester County Executive George Latimer, a moderate,…
Rep. Eric Burlison's attack on the president fell flat on social media.