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A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. LONDON — France's left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second round of the country's parliamentary election but fail to clinch an absolute majority, early data showed. By offering voters a starker choice and fewer candidates, RN's opponents hoped that the electorate would choose the non-RN candidate. The prime minister must leave," Jean-Luc Melenchon, leader of the France Unbowed party, said in a CNBC-translated social media update after the release of the early poll data. The final round of the election shows that voters, ultimately, have rejected Macron.
Persons: France's, France Unbowed, Ipsos, Emmanuel Macron's, , pollster Ipsos, Jean, Luc Melenchon, Macron, Melenchon, Macron's Organizations: LONDON, Popular Front, Socialists, CNBC, NFP, National Rally Locations: Le Touquet, France, Europe's
CNN —Nigel Farage, a figurehead of the UK’s populist right, has sparked outrage from political opponents after saying the West “provoked” Russia’s invasion of Ukraine. “We’ve provoked this war – of course it’s his fault – he’s used what we’ve done as an excuse,” he said. Farage – a former EU parliamentarian – claimed to be “the only person in British politics” to predict the invasion of Ukraine. “I am one of the few figures that have been consistent & honest about the war with Russia,” he wrote. He added that Farage has “shown that he would rather lick Vladimir Putin’s boot than stand up for the people of Ukraine.”
Persons: Nigel Farage, , Farage –, Brexit –, Farage, Putin, Nick Robinson, “ We’ve, , , “ Putin, Rishi Sunak, ” James, Ben Wallace, John Healey, Vladimir Organizations: CNN, BBC, NATO, European Union, , Conservative, Labour Locations: Ukraine, Brexit, EU, Russia,
Yen on guard ahead of BOJ; euro stutters with weekly loss in sight
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: +4 min
The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see it further reduce its massive monetary stimulus, while elsewhere the euro, mired in political turmoil, was headed for a weekly loss. The yen was a touch weaker at 157.08 per dollar and on track for a marginal weekly loss of about 0.2%, though moves were largely subdued ahead of the conclusion of the BOJ's two-day monetary policy meeting later on Friday. The euro was little changed at $1.0737, and was poised for a weekly loss of roughly 0.6%. Against the British pound, the euro was last languishing near a 22-month low and staring at a weekly decline of 0.9%.
Persons: Ray Attrill, Wall, Powell, Jean Boivin, Emmanuel Macron's, Macron, France's, Erik, Jan van Harn Organizations: Bank of, National Australia Bank, New Zealand, Federal Reserve, BlackRock Investment Institute, Fed, Aussie, Rabobank Locations: Bank of Japan, BlackRock
Read previewThe G7 summit has long been a showcase of global leadership and power. But 2024's group of leaders appears to be one of the weakest that has attended the summit for some time. French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, US President Joe Biden, and Japanese Prime Minister Fumio Kishida at the G7 summit. 'Brittle at best'Payne argued that some of the G7 leaders aren't outright weak; rather, they face circumstances that threaten their authority. And right now, the domestic foundations of most of the G7 leaders are brittle at best," he added.
Persons: , Inderjeet Parmar, Emmanuel Macron, Olaf Scholz's, Rishi Sunak, Giorgia Meloni, Joe Biden, Fumio Kishida, Antonio Masiello, Andrew Payne, Payne, Donald Trump, Hunter Biden's, Parmar, aren't Organizations: Service, Business, Politico, City University of London, EU, Olaf Scholz's Social Democrats, Christian Democrats, Social Democrats, White House Locations: Canada, France, Germany, Italy, Japan, Italian, Ukraine
LONDON — European stocks are expected to open flat to higher Tuesday as investors look ahead to the Federal Reserve's next meeting and U.S. inflation data. The U.K.'s FTSE index is expected to open unchanged at 8,223, Germany's DAX up 6 points at 18,493, France's CAC 40 up 21 points at 7,897 and Italy's FTSE MIB up 16 points at 34,568, according to IG. Regional markets fell on Monday as traders reacted to the EU Parliament elections and French President Emmanuel Macron's decision to call a snap election after the right-wing National Rally party made strong gains.
Persons: Germany's DAX, Emmanuel Macron's Organizations: Federal, CAC, IG, Regional
What a shock then – and coming days after the 80th anniversary of D-Day - that many German first-timers threw their votes disproportionally behind the far-right Alternative for Germany (AfD) party. Paul HockenosWhat a shock then – and coming days after the 80th anniversary of D-Day — that many German first-timers threw their votes disproportionally behind the far-right Alternative for Germany (AfD) party. A full 95% of German AfD voters said Germany should limit the flow of foreigners and refugees into Germany. Not exactly the credentials of a party you would think would appeal to the next generation of German voters. But they must vent this pique constructively, as the extreme right has no answers to these problems (which, oddly, I’ve heard hard right voters say they recognize.)
Persons: Paul Hockenos, , Read, “ We’ll, Paul Hockenos Hayyan, , Maximilian Krah, weren’t, Adam Berry, doesn’t, , it’s, I’ve Organizations: Berlin CNN, European Union, verve, Greens, Parliamentary, Christian Democratic Union, Christian Social Union, CDU, CSU, SS, Democracy, Nazi, BBC Locations: Berlin, Europe, New Berlin, Austria, Belgium, Malta, Greece, Germany, Hamburg, Deutschland, Portugal, Italy, Sweden, Netherlands, France
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can maintain pro-European, pro-democratic majority in EU Parliament, MEP saysPedro Marques, vice-president of the Progressive Alliance of Socialists & Democrats, discusses far-right gains in the European Parliament elections.
Persons: Pedro Marques Organizations: EU, Progressive Alliance of Socialists, Democrats
An employee enters sliding doors decorated with the stars of the European Union (EU) flag at the Berlaymont building, headquarters of the European Commission (EC), in Brussels, Belgium, on Tuesday, Jan. 28, 2020. LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity. The U.K.'s FTSE index is seen 57 points lower at 8,193, Germany's DAX 45 points lower at 18,507, France's CAC 40 down 45 points at 7,952 and Italy's FTSE MIB 60 points lower at 34,629, according to IG. Regional markets will be focused on the results of EU parliamentary elections, which took place over the last few days. The EU election drama was rounded off Sunday evening when French President Emmanuel Macron called snap parliamentary elections later this month after suffering a heavy defeat in the EU vote.
Persons: Germany's DAX, Emmanuel Macron Organizations: European Union, European Commission, LONDON, CAC, IG, Regional Locations: Brussels, Belgium, Britain, EU
The SPD lost support from the 2019 election, winning just 13.9% of the latest votes. Incremental gains meanwhile turned Germany's opposition, the CDU (Christian democrats), into the strongest party, with 23.7% of support. At a national level, the AfD was last ahead of the SPD and in second place overall, according to a leading general election poll. Earlier this year, one of Krah's employees who was based in the European Parliament was arrested for allegedly spying on the parliament for China. watch nowThe AfD's second-in-line for the European Parliament, Petr Bystron, faced allegations of bribery and money laundering, which were linked to Russia and to spreading pro-Kremlin propaganda.
Persons: Olaf Scholz, Koenig Heinrich, Ying Tang, Maximilian Krah, Krah, Petr Bystron, What's, Scholz, Marcel Fratzscher, Scholz's, Emmanuel Macron, Fratzscher, Holger Schmieding Organizations: SPD, Union, Scholz's SPD, Greens, CDU, Nazi regime's SS, Parliament, ZDF, German Institute for Economic Research, CNBC, Deutsche Bank Locations: Duisburg, Germany, France's Rassemblement, China, Russia
Right-wing parties across Europe have seen a surge in support over recent years and are set for record gains in the 2024 European Parliament elections. Meanwhile, an emboldened ID party could apply pressure on Parliament to alter its stance on other contentious issues. Here's a look at how these shifts could impact EU policy. "The incoming Commission and Parliament are likely to continue the trend towards greater protectionism and intervention in strategic industries, although the EU will remain an open, trade-dependent economy," they wrote. EU enlargementElsewhere, enlargement of the EU could face further setbacks with a larger euroskeptic presence in Parliament.
Persons: Sean Gallup, Armida van Rij, Chatham House thinktank, Verisk, Mario Bikarski, Laurent Balt, van Rij, Dorien Rookmaker, Balt Organizations: Getty, Populist, Sunday, Greens, European Free Alliance, European People's Party, EPP, European Conservatives, Eurasia Group, Chatham House, CNBC, Immigration, Citi, ECR, EU Locations: Europe, Ukraine, Russia, China, U.S
Europe’s center ground is shifting further to the right
  + stars: | 2024-06-09 | by ( Luke Mcgee | ) edition.cnn.com   time to read: +6 min
And while the far right is on course to make large gains, the center parties remain ahead. For those on the center right, domestic political shifts to the hard right could make working with the hard right increasingly attractive at a European level. The deadline for this is months away, which leaves a lot of time for horse-trading, which could see elements of the center right and hard right cooperate. It’s not implausible that the center right could vote with the left on issues like support for Ukraine, but then work with the hard right on immigration and climate policy. That was the result of years of domestic politics shifting in the UK, the center right shifting to fend off the hard right, ultimately leading to that rupture.
Persons: , it’s, It’s, Emmanuel Macron, Pen, Macron, Brothers, Benito Mussolini, Ursula von der Leyen, she’s Organizations: CNN, European Union, EU, European People’s Party, Socialists, Democrats, Europe Greens, Conservative Reformers, European Locations: Europe, Ukraine, Brussels, Netherlands, France, Italy, EU
Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with voters across the 27 member states heading to the polls from Thursday until Sunday. Trump has previously remarked that he would not protect NATO countries from Russian attacks if they lag on their membership payments. Green pledgesIn the wake of the 2019 EU elections, the bloc claimed it was the global champion on a climate-friendly agenda. "This could include more support for nuclear power or even support fracking for cheaper and more reliable gas," they added. "An even larger Eurosceptic representation is also likely to weigh against bold reforms which could make enlargement difficult," the analysts said.
Persons: Hadja, Laurie Dieffembacq, Joe Biden, Donald Trump, Biden, Trump, Green, Giorgia, There's Organizations: Belgian, Afp, Getty, European, CNBC, U.S . European Union, U.S, EU, NATO, European Commission, Citi, Bloomberg, European Union Locations: European Union, Europe, U.S, Ukraine, China, Brussels, Beijing, Italy, Rome, Kyiv
Geert Wilders, leader of the Freedom Party, campaigns ahead of the European elections, in The Hague, Netherlands, on Wednesday, June 5, 2024. Dutch nationalist Geert Wilders' anti-immigration party on Thursday was projected to have made large gains in the Netherlands' election for the European Parliament, an exit poll published by broadcaster NOS showed. Wilders' PVV party, which won the national election last year but secured no seat at the previous EU election, was predicted to have won seven seats, one less than the Labour/Green Left combination. Voting in the Netherlands kicked off four days of elections for the EU parliament across the 27 EU member states. The actual result of the Dutch election will be announced after voting has closed in all 27 member states, on Sunday at 2100 GMT.
Persons: Geert Wilders, Wilders Organizations: Freedom Party, Parliament, NOS, Labour Locations: The Hague, Netherlands
There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.
Persons: Morgan Wright, , streetlights, Paula Gori, , Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, , , Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow
Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.
Persons: Xi Jinping, Andrea Bocelli, , Xi, China –, , Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, , Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, , National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, , Belgrade, Budapest, Balkans, Balkan
Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany's federal prosecutor's office said on Tuesday. The man was also accused of spying on members of the Chinese opposition in Germany, according to a CNBC translation. The alleged spy was named as Jian G. and identified as an employee of a German member of the European Parliament since 2019. "If it is confirmed that there was espionage for Chinese intelligence services from within the European Parliament, then that would be an attack on European democracy from within. The ministry also said it hoped that Germany would stop using the so-called spy threat to manipulate political narratives, according to Reuters.
Persons: Scholz, Jian G, Maximilian Krah, Nancy Faeser Organizations: Tongji University, CNBC, Reuters Locations: China, Germany, Brussels
EU Parliament approves major reforms to migration policy
  + stars: | 2024-04-10 | by ( Luke Mcgee | ) edition.cnn.com   time to read: +6 min
The wide-ranging reforms are designed to ease the burden on countries that have historically taken the most asylum-seekers among the EU’s 27 member states. Roberta Metsola, President of the European Parliament, said: “We have delivered a robust legislative framework on how to deal with migration and asylum in the EU. In theory, the EU will now spread the burden across the 27 member states, either through relocation of people to other member states or through financial and practical assistance in processing refugee claims. In a number of EU countries – notably Italy, Hungary, Slovakia and Sweden – anti-immigrant Euroskeptic politicians are in power, either outright or through coalition. “And it will ultimately be up to the member states themselves to decide how these new measures are practically managed.
Persons: Roberta Metsola, Joelle Grogan, Grogan, , Alberto Neidhardt, Neidhardt Organizations: CNN, European, EU, European Policy, Ukraine Locations: Greece, Italy, Malta, East, North Africa, Dublin, Brussels, , Hungary, Slovakia, Sweden, France, Germany, Ukraine, United States
Europe investigates Big Tech’s use of generative AI
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Regulators at the European Commission say they’re particularly concerned about how generative AI could sow chaos in the run-up to this summer’s EU parliamentary elections. Online platforms will have until April 5 to respond to questions about steps they’ve taken to prevent AI tools from spreading election misinformation. The companies’ responses could be incorporated into a series of election security guidelines for tech platforms the European Commission plans to finalize by March 27, another commission official said. The AI investigation also covers a broader set of topics including how platforms are addressing generative AI’s impact on user privacy, intellectual property, civil rights and children’s safety and mental health. “One of the grievances we have is the ability to manipulate the service through automated means and this can include generative AI, so yes, there’s a link to the ongoing investigation,” one of the commission officials said.
Persons: , , Linda Yaccarino, Thierry Breton Organizations: CNN, European Union, Meta, Microsoft, Commission, Digital Services, Elon Locations: Israel, EU
One AI expert said it risks creating "AI policy tax havens" as countries try to attract investment. "Europe is NOW a global standard-setter in AI," Thierry Breton, the European internal market commissioner, said on X. Other countries, including China, have already brought in rules around specific uses of AI. AdvertisementThe legislation has been questioned by some commentators, such as AI and deepfakes expert Henry Ajder, who called it "very ambitious." The EU legislation plans to assign the risks of AI applications into three categories, with applications that cause unacceptable risk set to be banned.
Persons: , Thierry Breton, Henry Ajder, Neil Serebryany, Avani Desai, Schellman, Marcus Evans, Norton Rose Fulbright Organizations: EU, Intelligence, Service Locations: Europe, China, EU, California
The company is adding labels to AI content and new ad restrictions to improve transparency. Now, the EU Parliament elections will put the social networking platform to the test. Meta released a statement on Sunday outlining a new plan to ensure election integrity with the EU Parliament elections taking place June 6 through 9. It also signed the Tech Accord, which aims to prevent deceptive AI content on major platforms in the 2024 elections. While all posts are subject to the same policy guidelines, Meta is taking extra steps to monitor AI content, according to the statement.
Persons: , it's, Meta, Marco Pancini, Pancini, Joe Biden, Rishi Sunak Organizations: Meta, Service, Facebook, Tech Accord, UK Locations: EU
Internal political frictions and the replacement of popular military chief General Valerii Zaluzhnyi has also fueled concerns over military strategy going forward. "I think for Ukraine, there's really quite minimal difference between a president who can't deliver lethal aid and a president who won't deliver lethal aid. Russia's President Vladimir Putin listens while then-U.S. President Donald Trump speaks during a press conference in Helsinki, Finland, in 2019. Russian President Vladimir Putin smiles while visiting an aviation plant on February 21, 2024, in Kazan, Russia. "The dispute over mobilization is happening at a time when most authorized U.S. military aid is close to exhausted and Congress has yet to pass a new aid package."
Persons: Moscow —, Valerii Zaluzhnyi, there's, James Nixey, that's, Putin, Donald, Trump, Nixey, Vladimir Putin, Donald Trump, Brendan Smialowski, Alexei Navalny, Kurt Volker, he'd, Avdiivka, Volker, Volodymyr Zelenskyy, David Kirichenko, Kirichenko Organizations: Anadolu, Getty, Kyiv —, U.S, Russian, AFP, NATO, CNBC, Analysts, Institute for, Russia, Manpower, Kremlin, Center for, Armed Forces of, Bloomberg Locations: Ukrainian, Bakhmut, Donetsk Oblast, Ukraine, Russia, Moscow, Kyiv, Avdiivka, Eurasia, Helsinki, Finland, West, U.S, Russian, Kazan, Donetsk, Armed Forces of Ukraine
But that reputation is now being firmly tested, after it toned down its climate policies following angry farmer protests that are taking place across the continent. The European Commission, the executive arm of the EU, now intends to scrap a plan to halve pesticide use. Speaking to CNBC Thursday, the EU's Agriculture Commissioner Janusz Wojciechowski said he was "happy" about the U-turns because they were not "fully fair." The EU wants to become carbon neutral by 2050. It also wants to cut greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
Persons: Janusz Wojciechowski, Wojciechowski, Europe's, Alberto Alemanno, Alemanno Organizations: European Commission, EU, CNBC, Paris Business School Locations: H.E.C
BRUSSELS (Reuters) - The European Parliament on Tuesday afternoon stripped its former vice-president Eva Kaili of her immunity, clearing the way for an investigation of Kaili's alleged involvement in a 150,000 euro ($161,355) EU budget fraud case from 2015. The fraud case is unrelated to the corruption scandal dubbed Qatargate, in which the Greek politician is also involved. The report that was put to vote states that in the fraud case Kaili is accused of fraudulently spending between €120,000 and €150,000 of public money. The office of Kaili's lawyer, Spyros Pappas, did not immediately reply to a Reuters' request for comment but Pappas told news outlet Politico before the vote that he would take further legal action if Kaili's immunity were lifted. He told Politico that the notion that Kaili could serve prison time based on the outcome of the investigation is “at this stage rather premature and unsubstantiated”.
Persons: Eva Kaili, Kaili's, Spyros Pappas, Pappas, Charlotte Van Campenhout, Gerry Doyle Organizations: EU, Politico Locations: BRUSSELS
The announcement will kick off months of talks that could take up to a year before the European Parliament rubber stamps the target. The European Greens — a faction of environmentally conscious lawmakers from several countries — are expecting big losses in the vote, after making sweeping gains in the 2019 election. “We’re looking at a European Parliament that is more in favor of regulatory freedom for member states,” Dufour said. The Greens had been successful in achieving a strong climate agenda through the EU parliament, he added. She said new conservative or even far-right lawmakers may also back some ambitious climate policies because so many make sense in terms of economics and security, as well.
Persons: , Wopke Hoekstra, Andreas Solaro, Manon Dufour, ” Dufour, Dufour, Bas Eickhout, , Eickhout, Olivier Chassignole, ” Eickhout, I’m, Linda Kalcher, Kalcher Organizations: CNN, European Commission, EU, Parliament, European Greens —, Getty, Conservative, European People’s Party, EPP, Deal, European Greens, Greens, European Greens Party, , Green Locations: Lugo , Italy, AFP, Brussels, Bas, Dutch, Lyon, France, Brussel, Ukraine
Demonstrators rolled into Brussels in their tractors in the early morning hours before gathering outside the European Parliament where the summit was being held, blaring horns, hurling eggs and sparking fires. A handful of tractors had been parked near the EU Parliament all week before convoys from across the country converged on Thursday morning. Hatim Kaghat/Belga/AFP/Getty ImagesThere were chaotic scenes outside the European Union headquarters as a key meeting on aid to Ukraine got underway. We need to make sure that our farmers can be a partner in this,” De Croo said on arrival at the summit. In France, protesting farmers continue their roadblocks outside of Paris and near the cities of Lyon and Toulouse.
Persons: Hatim, Yves Herman, Alexander De Croo, De Croo Organizations: CNN, European Union, Ukraine, ” Police, Reuters, EU, Farmers, Belgian, BFMTV, European Commission Locations: Brussels, Belgian, AFP, Ukraine, Italy, Spain, Romania, Poland, Germany, Portugal, Netherlands, Greece, Thessaloniki, France, Paris, Lyon, Toulouse
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