Bayrou’s new government in France faces challenges due to its similarity to the previous administration and opposition from far-right and left-wing groups in parliament. The center-left Socialist Party leader criticized the government as being dominated by the hard right, while the far-right National Rally labeled it as a coalition of failure. The political landscape remains divided, with a hung parliament and the urgent need to address the country’s high deficit levels to comply with EU rules.
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UK suspends import tariffs to ease strain for British businesses
The UK government has suspended import tariffs on 89 products for two years, aiming to alleviate pressure on British businesses following the US's imposition of blanket tariffs. This initiative is projected to save businesses at least £17 million annually and includes a £20 billion increase in government-backed financing for exporters, allowing small firms access to loans of up to £2 million. Amid uncertainty regarding future US trade negotiations, Chancellor Rachel Reeves emphasized the UK's commitment...
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