Bearish Yen Positioning by Asset Managers Cut by Most Since 2020
Asset managers trimmed bearish positions on the yen by the most in more than three years as inflation
2023-07-24 10:47
France’s Macron aims to push economic and immigration reforms despite political challenges
French President Emmanuel Macron vowed to make key economic, immigration and education reforms despite France's divisions and political challenges that have included months of protests against pension changes and recent rioting over a teen killed by police. Macron said in a wide-ranging interview with Le Point magazine published Thursday that he will meet next week with the country’s “main political leaders” for talks about issues confronting France. The talks would be aimed at proposing new bills and possibly referendums, he said. Macron last year lost his majority in the lower house of parliament, the National Assembly, forcing him to use political maneuvering to pass any new legislation. That was “no big deal,” he said in the interview, noting that his centrist government managed to pass some new laws since then with support from members of the center-left and the traditional right. Macron wants to avoid a repetition of the major political crisis prompted by the parliamentary deadlock earlier this year over a reform to cut costs by raising the retirement age from 62 to 64. His government used a special constitutional power to force the legislation through without a vote at the National Assembly, infuriating opponents who staged a months-long firestorm of protest. Macron promised to address the roots of several days of unrest around France sparked at the end of June by the police killing of a 17-year-old boy. He told Le Point that those who participated in the riots, including many aged under 18, acted out of a “will for revenge” against police and the state institutions. “There was no political message, nor a social or religious message,” he said. The 45-year-old president vowed to implement a major education reform that would including reducing students’ vacation days, and would allow students with learning difficulties to return to school sooner after holidays than others. “There are too many vacations,” Macron said. He also said that an immigration bill that has been postponed several times this year due to the lack of a parliamentary majority would be debated in the coming months. He said his government would hold talks with opposition parties to build a proposal. “We must significantly reduce immigration, starting with illegal immigration,” he said. The external borders of the European Union must be better protected, he argued. The comments come as a number of boats have capsized or otherwise been in distress in recent days off the North African coast and near Italian shores. Tens of thousands of migrants have tried to cross the Mediterranean Sea this year hoping to reach Europe. Macron vowed to bring the unemployment rate down to 5%. France unemployment rate reached 7.2% this year, its lowest rate since 2008. He said his policies since 2017 have boosted France's growth and improved its economic “attractiveness” to foreign. “We must do more to reduce unemployment by all means,” he said. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide French general put in charge of Notre Dame rebuild found dead on mountain Rishi Sunak defends Bibby Stockholm plan after series of setbacks Migrants could return to Bibby Stockholm in next few days, says minister
2023-08-25 06:45
John Demsey: Estee Lauder exec who was fired over racist meme says life he had 'doesn't exist anymore'
John Demsey was first suspended from his $10 million-a-year Estee Lauder job and then fired due to mounting public backlash
2023-09-03 19:50
Towns submerged, villages evacuated as dam breach floods southern Ukraine
By Viktoriia Lakezina KHERSON, Ukraine Hundreds of people were evacuated from settlements along the southern stretch of Ukraine's
2023-06-07 00:18
Tristan Tate says he didn’t get ‘frustrated’ in prison, provides home CCTV footage to back claim, trolls say he ‘slept his way out of jail’
Tristan Tate asserted that the CCTV footage from his home were his ticket to get out of his legal problems
2023-08-31 16:29
Trafigura Traders Share $3 Billion Payout on Record Profit
Trafigura Group paid $3 billion to its top traders and executives as the commodity trading giant notched up
2023-06-07 19:52
Several airlines suspend flights after attack on Israel
By Douglas Gillison, Joanna Plucinska and Sophie Yu (Reuters) -Major international air carriers have suspended or reined in flight services
2023-10-09 23:28
Imran Khan: Pakistan military is 'petrified' of elections
In an interview with BBC Hardtalk, the former PM says only a free and fair vote can save Pakistan.
2023-08-03 16:18
Miami’s police chief shot himself while with wife, Florida media report. He survived
The director of the Miami-Dade Police Department is recovering in a Tampa hospital, amid local media reports that he shot himself
2023-07-25 01:57
At graduations, Native American students seek acceptance of tribal regalia
For Native American students, tribal regalia is often passed down through generations and worn at graduations to signify connection with the community
2023-05-19 13:19
IRS contractor charged with leaking tax return information of wealthy people
A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people
2023-09-30 05:24
Florida Man goes missing from cruise ship after it returned to Miami port on September 4
According to Miami-Dade Police Department detective Angel Rodriguez, Kevin McGrath 'was last seen by his brother at approx 2 am at his cabin'
2023-09-06 22:00
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