- Hermoso 'overwhelmed' by forced kiss, teammates tell trial
- 'Life or death consequences for millions': NGOs stunned by US aid freeze
- Trump's pick to lead FBI facing anger over 'enemies lists'
- Court orders French city to drop 'La Negresse' place name
- UK says satellite system key to Chagos US base deal
- Chelsea star Kerr denies using 'whiteness as an insult' against police
- Vonn vows to bounce back in downhill after super-G flop
- Fin Smith starts at fly-half for England against France in Six Nations
- Putin sacks space agency chief after setbacks
- Gatland dismisses Biggar 'noise' as Wales bid to end losing streak
- Real Madrid great Marcelo announces retirement
- Spanish publisher cancels Gascon book over offensive posts
- Daniel Barenboim reveals he has Parkinson's disease
- Australia dominate as Sri Lanka reach 229-9 in second Test
- 'Wolf warrior' Chinese ambassador appointed to European affairs post
- Bank of England slashes UK growth outlook amid Trump tariff threat
- Shein, Temu face cost of adapting to new US customs rules
- EU quizzes Shein over 'illegal' products
- Spanish football chief to keep job after appeal granted
- M23 addresses crowds in captured DR Congo city, as fighters advance
- Bach says Italy 'ready' to host Winter Olympics as one-year countdown begins
- Decathlon on back foot over China forced labour accusations
- Swedish police say mass shooting scene resembled 'inferno'
- Vonn bombs out of world championships super-G won by Austrian Venier
- Scotland backrow Ritchie signs for Perpignan
- Bath sign England back Arundell from Racing 92
- UK to quicken rollout of mini-nuclear reactors
- French parliament finally adopts 2025 budget
- India bowl out England for 248 in ODI opener
- Global stocks rise on easing trade fears, company earnings
- Man Utd confirm Martinez cruciate ligament injury
- 'Multiple nationalities' among victims in Swedish mass shooting: police
- Jalibert and 'hungry' Penaud return for France's Six Nations visit to Twickenham
- M23 calls public meeting in captured DRC city as fighters advance
- Marcos says no influence over Philippine VP's impeachment trial
- Gucci ousts chief designer De Sarno after sales slump
- Jalibert, Penaud return for France's Six Nations visit to Twickenham
- Faletau returns for struggling Wales against Italy in Six Nations
- Controversial former Chinese ambassador appointed to European affairs post
- Men's super-G at world championships - three racers to watch
- Sri Lanka stumble to 144-5 in second Australia Test
- Japan's 'geeky' PM Ishiba to navigate Trump relations
- Israel orders army to plan to let Palestinians leave Gaza
- Most markets track Wall St gains, USPS rethink provides boost
- Pain, anger as Turkey marks two years since quake disaster
- Scientists' conference kicks off global AI summit in Paris
- Wallabies coach Schmidt to step down after Rugby Championship
- Indonesia backs climate deals after envoy's Paris skepticism
- Top South Korean officer says was asked to help Yoon martial law bid
- Colombian president says cocaine 'no worse than whisky'
NGG | -1.49% | 61.75 | $ | |
RYCEF | -0.81% | 7.44 | $ | |
GSK | -1.76% | 37.048 | $ | |
BP | 0.86% | 31.945 | $ | |
CMSC | 0.17% | 23.54 | $ | |
BTI | 0.52% | 41.315 | $ | |
SCS | 0.86% | 11.66 | $ | |
RBGPF | -1.07% | 65.3 | $ | |
RELX | -0.79% | 50.37 | $ | |
RIO | 2.05% | 62.655 | $ | |
CMSD | 0.55% | 23.952 | $ | |
BCC | 1.2% | 126.265 | $ | |
VOD | 1.77% | 8.419 | $ | |
JRI | 0% | 12.83 | $ | |
AZN | 4.04% | 73.92 | $ | |
BCE | -5.13% | 23.685 | $ |
French parliament finally adopts 2025 budget
The French parliament on Thursday finally adopted the state's 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes.
The upper house Senate, dominated by the right and centre-right, approved the budget with 219 votes for and 107 against. Prime Minister Francois Bayrou forced the legislation through the lower house National Assembly earlier this week without a vote but then defeated ensuing no confidence votes.
The standoff over the budget forced the end of the short-lived government of Michel Barnier last year but Bayrou, a veteran centrist appointed by President Emmanuel Macron to end months of political crisis, has avoided a similar fate so far.
Finance Minister Eric Lombard, speaking in the Senate, hailed the adoption of what he described as a budget for "financial recovery" which seeks to reduce the public deficit to 5.4 percent of GDP in 2025.
This will be achieved via "an unprecedented effort" of 30 billion euros ($31 billion) in savings and 20 billion euros "in tax increases proportional to each person's ability to contribute", he said.
Bayrou's government has survived because the opposition far-right National Rally (RN) and also the Socialists (PS) did not back Wednesday's no confidence motions brought by the hard-left France Unbowed (LFI), despite opposing the budget.
The social security budget is now set to pass in a similar fashion, with the government again set to employ article 49.3 of the constitution which allows it to push through legislation without a vote in the National Assembly.
Analysts say that while Bayrou has now won breathing space, his position remains shaky and he still risks being tripped up later in the year by more no confidence motions that could be backed by the RN and PS.
M.Ouellet--BTB