FRANCE ELECTION RESULTS
France begins pivotal runoff elections that could propel the far right to power
France's runoff elections on Sunday could give Marine Le Pen's far-right National Rally a historic win or result in a hung parliament. These elections impact Ukraine, global diplomacy, and Europe’s economy, potentially weakening President Macron's position. Racial tensions, Russian interference, and violence marred the campaign, with 30,000 police deployed for security.
Corporate France braces for new era of political turmoil
France's business elite is concerned about political volatility, street protests, and potential bankruptcies as the country heads into a parliamentary election. Executives meeting in Provence fear the far right and left may undo President Macron's pro-business reforms. The rise of inexperienced leaders and uncertain economic outlook are adding to their anxiety.
A NATO summit and mending EU relations are among first tasks for new UK leader Keir Starmer
British Prime Minister Keir Starmer has been appointed to a new government after a six-week election campaign. Starmer, who has never served in or led a government, has a plethora of lawmakers to choose from, including Treasury chief Rachel Reeves and the new foreign secretary David Lammy. He wants Britain to take a larger role on the global stage after years of soured relations with Europe over Brexit and the inward-looking U.K. political soap opera that followed.
UK Elections: How did Rishi Sunak 'sunk' Conservatives' boat as Labour Party's Keir Starmer wins Britain's 'future'
Rishi Sunak took responsibility for Conservatives' historic loss, Labour securing 326 seats under Keir Starmer. Conservatives will get only 131 seats due to voter fatigue, scandals, Johnson's market selloff, tax rise, and cost-of-living crisis. Jeremy Corbyn, far-right populism, Reform UK targeting immigration policies, and Steve Baker noted internal challenges.
UK Elections 2024 Result: How Keir Starmer's 400-paar feat for Labour party will impact India-Britain relations
UK Elections 2024: The likely change in UK government leadership raises questions about its impact on policies, particularly concerning India, a crucial trade partner currently negotiating a free trade agreement (FTA). Both the Conservatives and the Labour Party have prioritized finalizing an FTA with India, with the Conservative manifesto emphasizing a broader strategic partnership encompassing technology and defence.
France Election 2024 results: Marine Le Pen's far-right is winning, claim exit polls
France Election 2024 results are keenly awaited ever since French President Emmanuel Macron called snap elections. However, several exit polls have claimed that Marine Le Pen's far-right National Rally (RN) party is winning the first round of the country's Parliamentary elections.
France elections: France's exceptionally high-stakes election has begun, far-right leads pre-election polls
France elections: Voters in mainland France start casting ballots in a critical legislative election that may lead to far-right control, impacting Europe's financial markets, support for Ukraine, and the management of France's nuclear arsenal and global military forces. The two-round election began in overseas territories and on the mainland at 8 a.m. Sunday, with initial projections due at 8 p.m. and official results later that night.
French voters propel far-right National Rally to strong lead in first-round legislative elections
The far-right National Rally surged ahead in France’s first round of legislative elections, projected to win about one-third of the national vote. This poses a significant challenge to centrist President Emmanuel Macron. If the National Rally secures a parliamentary majority in the second round, it could form France's first far-right government since World War II. The party's leader, Marine Le Pen, urged voters to help her party achieve a legislative majority, potentially leading to a power-sharing arrangement with Macron.
Euro rises to two-week high after France's far-right wins first-round vote
Amid market volatility, potential alliances to block the far-right have emerged in France's election. The RN party eyes a possible absolute majority, adding to ongoing uncertainty and investor concerns.
Euro rises after France's first-round vote, yen struggles
Recent events in France and Japan, along with global economic indicators, influence currency movements and central bank policies worldwide, reflecting uncertainties in the financial landscape.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
France is facing an election like no other. Here's how it works and what comes next
French voters face historic snap parliamentary elections that could usher in the first far-right government since WWII or result in no clear majority. Competing blocs include the far-right National Rally, Macron's centrist alliance, and the left-leaning New Popular Front. Outcomes are uncertain, with potential for significant political shifts.
Sri Lanka reaches deal on debt restructuring with bilateral creditors including India, China and France
Sri Lankan President Ranil Wickremesinghe announced a debt restructuring deal with India, France, Japan, and China, a critical step in economic recovery after the 2022 debt default. Under an IMF bailout program, the agreement is expected to revive stalled foreign projects. Sri Lanka declared bankruptcy in 2022 due to economic mismanagement, COVID-19 impacts, and tax cuts. The deal defers loan payments until 2028 and extends repayment until 2043. Supporters celebrated the announcement in Colombo as it promises to restart crucial infrastructure projects.
France's snap election: How does it work and what's next?
France has 49 million registered voters. There are 577 constituency contests, one for each seat in the National Assembly, the lower house of parliament.
French left vows 'total break' with Macron policies
Left-wing outfits including hard-left France Unbowed (LFI), the Socialist, Communist and Green parties on Thursday agreed an election alliance called the New Popular Front.
France President Macron dissolves French parliament, calls a snap election after defeat in EU vote
The announcement came after the first projected results from France put the far-right National Rally party well ahead in the European Union's parliamentary elections, handing a chastening loss to Macron's pro-European centrists, according to French opinion poll institutes.
Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential
While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.
Global leaders from P-5 countries applaud Modi’s historic win
While US President Joe Biden, Russian President Vladimir Putin and UK PM Rishi Sunak and telephoned Modi to congratulate Modi, French President Emmanuel Macron sent a congratulatory message. Among the P5 Putin was the first leader to telephone the PM. Meanwhile, the Sri Lankan President, PMs of Nepal, Bangladesh and Mauritius besides the Bhutanese leadership have been invited for the swearing in ceremony likely on June 8.
Biden, Sunak, Macron & Putin laud Modi's victory
World leaders, including US President Joe Biden, UK PM Rishi Sunak, French President Emmanuel Macron, and Russian President Vladimir Putin, congratulated PM Narendra Modi on the BJP-led NDA coalition's historic election victory.
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