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☆ Germany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow saysJohn Kampfner, author of “In Search of Berlin” and a fellow at the Royal United Services Institute, discusses Germany’s political and economic outlook.

Persons: RUSI, John Kampfner Organizations: Berlin, Royal United Services Institute

☆ Europe could be drifting into a downturn as France and Germany fight economic and political woes
▼ + stars: | 2024-09-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.

Persons: Pariser, —, Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan

These are now the new realities on all of Germany’s land borders. On September 16, Berlin ordered the “temporary reintroduction of border control” at Germany’s borders with Belgium, Holland, Luxembourg, France and Denmark. The calls for more checks on Germany’s borders also mark a step-change at the heart of the European Union from Merkel’s policies. In 2015, the long-serving, and ever popular former German chancellor Merkel opened Germany’s borders to migrants fleeing their homes - at the time largely Syrians because of the country’s civil war. The moves by Merkel became known as Wilkommenskulturand and set Germany apart on the world stage in liberal migration policy.

Persons: ” Slubice, “, Tom Knie, Olaf Scholz, ” –, Angela Merkel, Patrick Pleul, Bjoern Hoecke, ”, Victory, Alice Weidel, Scholz, …, ” Raphael Bossong, Merkel, Maja Hitij, Knaus, ” Knaus Organizations: CNN, German Federal, European Union, Getty, German Institute of International and Security Affairs, Scholz’s Social Democratic Party, Police, “ Locations: Frankfurt, der, “ Frankfurt, ”, Polish, German Federal Republic, Poland, Germany, Berlin, Germany’s, Belgium, Holland, Luxembourg, France, Denmark, Austria, Czech Republic, Switzerland, Oder, Manheim, Solingen, Thuringia, East, Saxony, Brandenburg, “ Germany

☆ Germany angers European neighbors as it tightens migration along all land borders
▼ + stars: | 2024-09-16 | by ( Sophie Tanno | ) edition.cnn.com time to read: +3 min

CNN —Germany has begun new controls at all of its land borders as part of a crackdown on migration, placing restrictions on a wide area of free movement known as the Schengen Zone and stirring anger among its European neighbors. From Monday, as well as existing border controls with Austria, Switzerland, the Czech Republic and Poland, Germany will now also have internal border controls with France, Luxembourg, the Netherlands, Belgium and Denmark. Berlin will have the power to reject people at all land borders, a statement from the Interior Ministry said. The move marks how far Germany has shifted in recent years on the flashpoint issue of migration. Under European Union rules, member states have the ability to temporarily reintroduce border control at internal borders in the event of a serious threat to public policy or internal security.

Persons: Angela Merkel, Maja Hitij, Nancy Faeser, Donald Tusk, “, ”, Chancellor Olaf Scholz, Ukraine – Organizations: CNN, Schengen, Interior Ministry, Union, Poland’s, Germany, Germany’s, Migration, ISIS Locations: Germany, Austria, Switzerland, Czech Republic, Poland, France, Luxembourg, Netherlands, Belgium, Denmark, Berlin, Kenya, Polish, Warsaw, Greece, Europe, East, Ukraine, Solingen

The agency also said that it was under the initiative of Prime Minister Khadga Prasad Oli, who issued a directive saying that all social networking sites should be treated equally. Oli became the prime minister last month after the collapse of the previous coalition government. The previous government had imposed the ban on TikTok in November last year, saying it was necessary to regulate the use of the social media platform because it was disrupting social harmony and goodwill and diffusing indecent materials. The government has also asked social media platforms companies to register in Nepal, open a liaison office, pay taxes and abide by the country’s laws and regulations. There were several exchanges of communication between the government and TikTok officials in the months leading to the lifting of the ban.

Persons: Prithvi Subba Gurung, Khadga Prasad Oli, Oli, China’s ByteDance, TikTok Organizations: National, Agency Locations: KATHMANDU, Nepal, Beijing, United States, Britain, New Zealand

☆ Middle East Crisis Israeli Forces Retrieve Bodies of 5 Hostages From Gaza
▼ + stars: | 2024-07-25 | by ( Aaron Boxerman | Lauren Leatherby | ) www.nytimes.com time to read: +4 min

The Israeli military said that the bodies were found in the Khan Younis area on Wednesday. Israeli forces retrieved the bodies of five Israeli hostages held in Gaza, the Israeli military said on Thursday, amid growing international pressure for a cease-fire deal that would involve the release of the remaining captives. The Israeli leader has been facing increasing anger from Israelis over the fate of the hostages in Gaza. The Israeli military said that the bodies were found in the Khan Younis area on Wednesday and that intelligence — including information from detained Palestinian militants — had guided forces to their location. “The war in Gaza could end tomorrow if Hamas surrenders, disarms and returns all the hostages,” Mr. Netanyahu said during his address to Congress on Wednesday.

Persons: Khan Younis, Younis, Benjamin Netanyahu, Biden, Kamala Harris, — Maya Goren, Tomer Ahimas, Kiril Brodski, Oren Goldin, Ravid Katz, Brodski, Ahimas, —, Goren, Nir Oz, Katz, . Goldin, Tal Haimi, Netanyahu’s, ” Mr, Netanyahu, Nissim Kalderon, Ofer, Mr, hesitating, “, ‘, you’re, Kalderon, “ Benjamin Netanyahu, ”, Gil Dickmann, Carmel Gat, ” Rawan Sheikh Ahmad Organizations: White, United Nations Security, Capitol Police Locations: Gaza, Israel, Washington, Tel Aviv, Be’eri

☆ Modi's government pledges fiscal prudence in India's post-election budget
▼ + stars: | 2024-07-23 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Nirmala Sitharaman, India's finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. India's finance ministry on Tuesday lowered the country's fiscal deficit target to 4.9% for the financial year ending March 2025, a revision from 5.1% during the pre-election interim budget published back in February. That target will then fall to 4.5% or lower for the financial year ending March 2026, India's Finance Minister Nirmala Sitharaman said during the announcements. "This is imperative for attracting foreign investment and sustaining growth," he said, adding that "unprecedented financial support" from the central bank will make the fiscal deficit target possible. "We will endeavor to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation."

Persons: Nirmala Sitharaman, Vipul Bhowar, Narendra Modi's, Sitharaman, Hajra, Anand Rathi, Modi's Organizations: Bloomberg, Getty, India's, Waterfield Advisors, Sitharaman, Narendra Modi's Bharatiya Janata Party, Stock Brokers, CNBC, Modi's Bharatiya Janata Party, Centre, Monitoring, BSE, U.S . Locations: New Delhi, India, Mumbai, Bihar, Andhra Pradesh

☆ Asia-Pacific markets trade higher, tracking Wall Street gains
▼ + stars: | 2024-07-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Hong Kong's Hang Seng index futures were at 17,741, higher than the HSI's last close of 17,635.88. South Korea's Kospi rose 1.01%, while the small-cap Kosdaq climbed 1.22%. South Korea's producer price index in June rose 2.5% year-on-year, compared to a 2.3% climb in May. According to economists polled by Reuters, the country's consumer price index is expected to climb 2.7% year-on-year.

Persons: Australia's, Narendra Modi's, —, Samantha Subin, Hakyung Kim Organizations: Nikkei, Barclays, Traders, Reuters, Nasdaq, Dow Jones Locations: Seoul, India, Asia, U.S

☆ CNBC's Inside India newsletter: How will India spend its billions?
▼ + stars: | 2024-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. There are high expectations for a "populist" budget since the recent general election results delivered a slimmer than expected win for Modi. The demands from the various members of the fragile alliance could mean the government opens the taps on welfare spending. Bank of America analysts, who are also open to the idea that the deficit may fall, believe it is "refreshing" to see a finance minister "under-promise, over-deliver."

Persons: Nirmala Sitharaman, Hardik Chhabra, Narendra Modi's, Premal Kamdar, Modi, Goldman Sachs, Santanu Sengupta, Sengupta, It's, Goldman, Staples, Adity Suresh, Aastha Gudwani Organizations: Finance, Finance Ministry, India Today, Getty, BJP, Modi, UBS Wealth Management, Bank of America, Reserve Bank of India, UBS, Kamdar, Columbia India Consumer ETF, Hindustan Unilever, Unilever, " Bank of America's, Central Public Sector Enterprises Locations: Delhi, India, New Delhi, Bihar, Hindustan, " Bank of America's India

☆ Macron breaks his silence on France's election earthquake as post-vote deadlock continues
▼ + stars: | 2024-07-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

French President Emmanuel Macron broke his silence on the political earthquake that took place in France last weekend, calling on mainstream parties to work together to form a coalition government. In an open letter to regional newspapers on Wednesday, Macron said "no one won" the parliamentary election and called on mainstream parties with "republican values" to form a governing alliance. With just 180 seats, the NFP fell short of achieving an absolute majority of 289 in the 577-seat National Assembly, France's lower house of parliament. Macron's centrist 'Together' bloc came second in the ballot with 163 seats, and RN and its allies won 143 seats. They can reject the nomination of a party, if it's not seen to have enough seats to form a stable government.

Persons: Emmanuel Macron, Macron, France's, That's, Luc Mélenchon —, it's Organizations: CNBC, Front, NFP, National Assembly, French Communist Party, Socialist Party, Greens, France Unbowed Locations: France, Le Touquet

☆ Macron Ends His Silence, Calling for ‘a Broad Gathering' That Would Split the Left
▼ + stars: | 2024-07-10 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

Expressing himself for the first time three days after deadlocked legislative elections, President Emmanuel Macron of France said on Wednesday that “a little time” would be needed to build a “broad gathering” of what he called “republican forces” able to form a coalition government. Just 16 days from the opening of the Paris Olympics, it was unclear whether Mr. Macron had in mind a delay that would mean no new government was in place when the games begin. For now he has asked Prime Minister Gabriel Attal, whose resignation he rejected, to continue in a caretaker capacity. In a letter to the French people, made public before its scheduled publication on Thursday in regional newspapers, Mr. Macron said of the election he abruptly called last month: “nobody won it.” That seemed certain to irk the New Popular Front, a resurgent left-wing alliance that came in first with about 180 seats in the National Assembly. The alliance was well short of the 289 seats needed for an absolute majority, and was not victorious in the sense of having the means to govern, but the New Popular Front’s leaders said they believed the group won and have said it would name its choice for prime minister this week.

Persons: Emmanuel Macron, ”, Macron, Gabriel Attal Organizations: Paris, National Assembly, Popular Locations: France

Diplomats and officials who spoke with CNN said Rutte is seen as a staunch trans-Atlanticist and a consensus builder. “He is really a seasoned political official, and this is essential to keep the cohesion of the alliance,” a European official said. “It was just a very polite, slightly humorous way of dealing Trump, and Trump appreciated it,” Hoekstra recalled to CNN. “We are not there yet, but it is better than when Trump left,” the official told CNN. Biden likes Rutte personally, they get along well, and the US president sees them as sharing the same values, the official told CNN.

Persons: Donald Trump, Trump, Mark Rutte, Jens Stoltenberg, Rutte, ”, “ Trump, Pete Hoekstra, ” Hoekstra, ‘ Touche, ’ ”, “, ” Rutte, Stoltenberg, Joe Biden, Biden, “ Rutte, Putin Organizations: CNN, NATO, Dutch, Diplomats, Trump, Kyiv – Locations: Washington, NATO, Russia, Netherlands, European, Europe, Ukraine, China, US, ”

☆ France avoided a far-right election win — now the radical far-left is demanding power
▼ + stars: | 2024-07-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Founder of left-wing party La France Insoumise (LFI) Jean-Luc Melenchon reacts during the election night of left-wing party La France Insoumise (LFI) following the first results of the second round of France's legislative election at La Rotonde Stalingrad in Paris on July 7, 2024. After the left-wing's election success in France on Sunday, all eyes are now on radical firebrand Jean-Luc Mélenchon who has demanded the left be given the premiership and a chance to govern following its unexpected election win. The New Popular Front (NFP) coalition — of which Mélenchon is the self-appointed figurehead — won the largest number of seats in the second round of France's snap parliamentary election. Europe had braced itself for France's far-right to win the largest number of votes in the second round of France's snap election. French President Emmanuel Macron's centrist "Together" bloc came in second with 163 seats and the far-right National Rally and its allies won 143 seats.

Persons: Jean, Luc Melenchon, Luc Mélenchon, —, Mélenchon, Emmanuel Macron's, Gabriel Attal, Mélenchon —, Hugo Chavez, he'd Organizations: France, La Rotonde, Front, NFP, France Unbowed, Socialist Party, French Communist Party, National Assembly, NATO Locations: La, La Rotonde Stalingrad, Paris, France, Europe

☆ France Is Not Used to Coalition Governments. Does It Have a Choice?
▼ + stars: | 2024-07-08 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

When President Emmanuel Macron defended his decision last month to call snap legislative elections, he argued repeatedly that France needed a “clarification” of its political situation. But on Monday, after the French cast their final ballots, the situation was anything but clear. A nationwide vote for the 577 seats in the National Assembly, the country’s more powerful house of Parliament, has not produced a working majority. Three large blocs have emerged from the elections — none big enough to govern alone, all of them possibly too antagonistic to work together. None has reached the threshold for an absolute majority, 289 seats, which would enable them to form a government that could survive no-confidence votes by their rivals.

Persons: Emmanuel Macron Organizations: National Assembly Locations: France

☆ Landmark UK election kicks off as center-left Labour seeks return to power after 14 years
▼ + stars: | 2024-07-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Keir Starmer, leader of the Labour Party, campaigns ahead of the general election, in Redditch, UK, on Wednesday, July 3, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — The U.K. heads to the ballot box on Thursday, as the incumbent Conservative Party seeks to defy months of polls that suggest it will suffer a historic defeat at the hands of the center-left Labour Party. Prime Minister Rishi Sunak announced the vote six weeks ago, taking politicians and the public alike by surprise. The Thursday ballot is the first U.K. general election since 2019, when then-Conservative leader Boris Johnson clinched the party's biggest majority win since 1987 over Jeremy Corbyn's Labour. Rishi Sunak, UK prime minister, campaigns at a Conservative Party general election campaign event at the National Army Museum in London, UK, on Tuesday, July 2, 2024.

Persons: Keir Starmer, Rishi Sunak, Nigel Farage's, Hannah Bunting, Labour's Tony Blair, John Major, Jeremy Hunt, Sunak, Boris Johnson, Jeremy Corbyn's Labour, Liz Truss Organizations: Labour Party, Bloomberg, Getty, Conservative, Labour Party ., of, Liberal Democrats, Greens, Scottish National Party, Plaid Cymru, Democratic Unionist Party, Nigel Farage's Reform, Conservatives, Labour, Convention, University of Exeter, European Union, Conservative Party, National Army Museum Locations: Redditch, UK, England, Scotland, Wales, Northern Ireland, London

☆ 'We don't do God' and massive ad spends: How UK election races differ from American ones
▼ + stars: | 2024-07-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +12 min

Here are a handful of them:1) CampaignsBy the time a presidential election takes place in the United States, the electorate will have already endured months of seemingly endless electioneering — with the entire election campaign process from candidacies and the campaign trail to the actual presidential election and inauguration taking up to two years. In the U.K., the time frame between a prime minister calling a general election to the actual vote is just six weeks. It sounds simple, and usually is, unless there's a "hung parliament" in which no political party wins a majority of seats. In the U.K., political advertising on TV and radio is not allowed, so U.K. voters are subjected to the somewhat quaint "party political broadcasts" during election campaigns. 6) 'Absurd' diversionsBritish political experts note that, unlike in the U.S., where broad political debates tend to remain the key focus, U.K. election campaigns can see more minor or fringe issues dominate the short election campaign.

Persons: Rishi Sunak, Joe Biden, Paul Ellis, Sir Keir Starmer, Stefan Rousseau, Bobby Duffy, Donald Trump, Tom Brenner, —, Britain's, Tony Blair, Alastair Campbell, Ben Curtis, Blair, Dan Stevens, Joe Biden's, Trump, Brian Snyder, Keir Starmer, Institute's Duffy, Duffy, Biden, Rodin Eckenroth, Rodin, John Curtice, it's, Ludovic Marin Organizations: Britain's, North Atlantic Council, NATO, South Derbyshire College, Trent, Commons, King's College London, CNBC, Brit, Republicans, U.S, Federal, Former U.S, Republican, Reuters, Electoral Commission, Inverness Royal Academy, Labour, of, Exeter University, Trump . Democratic Party, Reuters Incumbent British, Labour Party, Trump, European, Conservative Party, U.K, UK Ministry of Defence, Royal British, Afp, Getty Locations: Vilnius, Lithuania, United States, Burton, U.S, Britain, Philadelphia, Great Britain, England, Wales, Scotland, British, America, Western Europe, Atlanta , Georgia, Hollywood , California, European Union, Normandy, Ver, Gold, France

☆ Former Liberal Democrats leader on potential post-election tax rises
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Liberal Democrats leader on potential post-election tax risesArabile Gumede spoke to Vince Cable, former leader of Britain's Liberal Democrats who served as Secretary of State for Business, Innovation and Skills in the coalition government with the Conservatives. He took questions on what role tax pledges are playing in this election.

Persons: Gumede, Vince Cable Organizations: Former Liberal, Britain's Liberal, State, Business, Innovation, Conservatives

☆ CNBC's Inside India newsletter: The humble onion could be holding India's economy hostage
▼ + stars: | 2024-06-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

A seller is arranging onions at a vegetable market in Nagaon district, in the northeastern state of Assam, India, on February 1, 2024. This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Food prices, which rose an annual 8.7% in both April and May, account for nearly half of the overall consumer price basket. "The Indian economy remains hostage to intersecting food price shocks," Michael Patra, deputy governor of the Reserve Bank of India, said in his statement at the latest monetary policy meeting. "Food prices are holding back any consideration of possible changes in the monetary policy stance," he added.

Persons: Michael Patra, Jayanth Varma, bode, Sanjeev Chopra, Narendra Modi, abate, James Thom Organizations: CNBC, Reserve Bank of India, New, New India Investment Trust Locations: Nagaon district, Assam, India, New India, London

☆ Denmark to charge $100 per cow in world’s first carbon tax on farming
▼ + stars: | 2024-06-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Dairy farmers in Denmark face having to pay an annual tax of 672 krone ($96) per cow for the planet-heating emissions they generate. The country’s coalition government agreed this week to introduce the world’s first carbon emissions tax on agriculture. On average, Danish dairy cows, which account for much of the cattle population, emit 5.6 tonnes of CO2-equivalent per year, according to Concito, a green think tank in Denmark. Using the lower tax rate of 120 krone results in a charge of 672 krone per cow, or $96. With the tax break in place, that levy will rise to 1,680 krone per cow in 2035 ($241).

Persons: Lars Lokke Rasmussen, “, ”, Torsten Hasforth, Landbrug, Peter Kiær, ” Peder Tuborgh, Kristian Hundeboll Organizations: London CNN — Dairy, ”, United Nations, Food, Agriculture Organization, CNN, Arla Foods, DLG, Initiative Locations: Denmark, Danish, Europe

☆ Israel’s Supreme Court Rules the Military Must Draft Ultra-Orthodox Jews
▼ + stars: | 2024-06-25 | by ( Aaron Boxerman | More About Aaron Boxerman | ) www.nytimes.com time to read: +3 min

Israel’s Supreme Court on Tuesday ruled that the military must begin drafting ultra-Orthodox Jewish men, a decision that threatened to split Prime Minister Benjamin Netanyahu’s coalition government amid the war in Gaza. In a unanimous decision, nine judges held that there was no legal basis for the longstanding military exemption given to many ultra-Orthodox religious students. The court’s ruling pits secular Jews against the ultra-Orthodox, who say their study of scripture is as essential as the military to defending Israel. Mr. Netanyahu has called for legislation that would generally maintain the exemption for the religious students. More than 2,000 Haredim sought to join the military in the first 10 weeks of the war, according to military statistics.

Persons: Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, ” Yitzhak Goldknopf, Gabby Sobelman, Myra Noveck Locations: Israel’s, Gaza, Israel, The State

☆ India wants to be a developed nation by 2047. Here are 4 critical areas Modi can't ignore
▼ + stars: | 2024-06-20 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.

Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India

☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

☆ India's robust economic growth will remain: Manulife Investment Management
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's robust economic growth will remain: Manulife Investment ManagementRana Gupta of Manulife Investment Management discusses the outlook for India's economy in light of its new coalition government.

Persons: Rana Gupta Organizations: Manulife Investment, Manulife Investment Management

☆ Macron has taken a radical gamble that could backfire
▼ + stars: | 2024-06-10 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewFrench President Emmanuel Macron shocked the world on Sunday by calling a snap election in France. The move came after a big win for his rival Marine Le Pen's National Rally party at the European parliamentary elections. AdvertisementHowever, the snap election could likely end the current coalition, which comprises Macron's party, Renaissance, the Democratic Movement, Horizons, En commun, and the Progressive Federation. Macron may have to form a cohabitation government with a prime minister from an opposition party, such as the National Party or Les Republicains. AdvertisementRepresentatives for President Macron did not immediately respond to a request for comment.

Persons: —, Emmanuel Macron, There's, Daniel Hamilton, Johns Hopkins University SAIS, France's, Macron, I've, Pen, Alain Duhamel, Bruno Cautrès, Antonio Barroso Organizations: Service, Business, Foreign, Institute, Johns Hopkins University, CNBC, Guardian, Cac, Financial Times, Democratic Movement, Progressive Federation, National Party, Sciences Po Locations: France, Paris

☆ German coalition government will continue to 'muddle through,' Jörg Asmussen says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman coalition government will continue to 'muddle through,' Jörg Asmussen saysJörg Asmussen, former ECB board member and former German deputy finance minister, discusses the outcome of the EU election in Germany.

Persons: Asmussen, Jörg Asmussen Organizations: ECB Locations: Germany

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