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A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.
French President Emmanuel Macron on Wednesday affirmed that he would not step down if his party suffers in the recently-called snap elections for France's parliament. The chance of that happening "never existed," Macron told journalists, calling the suggestion "absurd" and saying that he wanted to nip the idea in the bud, according to French reporting translated by CNBC. Macron on Sunday dissolved the French parliament and called for snap legislative elections later in June, following a stinging defeat in the weekend's European Parliament elections which
The just-concluded European Union elections were yet another milestone for far-right parties on the continent. They racked up gains across many of the EU’s 27 countries, and the surprising scale of their victories is rattling the political establishment there and drawing attention in the United States.
Far-right parties rattled the traditional powers in the European Union with major gains in parliamentary seats, dealing an especially humiliating defeat to French President Emmanuel Macron, who called snap legislative elections.
Here are five key things investors need to know to start the trading day: Stock futures slipped Monday morning after polishing off a winning week on Friday. Dow Jones Industrial Average futures fell by about 0.2%, while S&P 500 futures and Nasdaq 100 futures ticked fractionally lower. Nvidia stock, increasingly a market driver of late, was also down in premarket trading. Shares of the AI-enabling chipmaker wer
French President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say. Macron's decision to call a snap parliamentary vote comes after the right-wing National Rally (RN) party, with Marine Le Pen as the figurehead, won around 31% of the vote in Sunday's European Parliament election. That was more than double the 14.6% seen for Macron's pro-European and centrist Renaissance party and its allies. France's CAC 40 slumped 1.8% in early trading Monday morning with French banks trading sharply lower. BNP Paribas and Societe Generale led the Stoxx 600's losses, both down by around 6%. The euro was also down some 0.4% against th
PARIS (AP) — President Emmanuel Macron dissolved the lower house of France’s parliament in a surprise announcement sending voters back to the polls in the coming weeks to choose lawmakers, after his party was handed a humbling defeat by the far-right in the European elections Sunday.
BRUSSELS (AP) — Far-right parties have made big gains at the European Parliament as the Greens took a major hit at Sunday’s European elections, according to a first projection provided by the European Union.