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☆ Analysis: As France sinks into the political mire, Macron must be kicking himself
▼ + stars: | 2024-12-05 | by ( Joseph Ataman | ) edition.cnn.com time to read: +6 min

Macron ignored the left’s previous nomination for prime minister, and no far-right candidate appeared to be in the running. And now Emmanuel Macron plans to name a Macronist (prime minister) again. However the current political impasse is resolved, it surely provides only a poisoned chalice for the next prime minister. French Prime Minister Michel Barnier delivers a speech at the National Assembly in Paris on Wednesday. The far-right don’t seem willing to sully their political polling with genuine cooperation with Macron.

Persons: Emmanuel Macron, Michel Barnier, ”, Macron’s, Macron, Jordan Bardella, Marine Le Pen, –, There’s, ” Manuel Bompard, Le, Le Pen, Barnier sidled, appeasing Le Pen’s, Barnier, Pen, Sarah Meyssonnier, sully Organizations: Paris CNN, French, National Assembly, Macron Locations: France, –, Paris, Elysee, Belgium

☆ British regulators approve $19 billion Vodafone-Three mobile merger
▼ + stars: | 2024-12-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance. Britain's competition regulator on Thursday approved the merger between telecommunication firms Vodafone and Three in the U.K., subject to certain conditions. The combined entity would also be required to cap certain mobile tariffs and "offer preset contractual terms" to so-called mobile virtual network operators (MVNOs) — mobile operators that piggyback off of another company's network. Vodafone and CK Hutchison, the owner of the Three U.K. network, announced the transaction last year. Last month, the competition watchdog laid out a path for the deal to move forward, if certain remedies were adopted.

Persons: Margherita Della Valle, CK Hutchison Organizations: Vodafone, Markets Authority, CK, CK Hutchison Locations: London, British, U.K

☆ Trump’s victory has some liberal judges reversing their retirement plans
▼ + stars: | 2024-12-05 | by ( Tierney Sneed | ) edition.cnn.com time to read: +7 min

Other judges have reversed retirement plans after electionsA handful of judges in recent years have also reversed retirement plans when they have not been able to secure a preferred successor, including US District Judge Karen Caldwell, a judge who sits in McConnell’s home state. Cogburn and Marbley are also not the first judges to back off retirement plans after an election. As McConnell himself highlighted, a district judge did the same about-face after President George W. Bush’s reelection in 2004, and another changed his retirement plans when Obama won in 2008. CNN’s messages seeking comment from the two judges submitted with the judges’ courts were not returned. But, Wheeler said that McConnell “may be having the effect he wants” if the two appellate judges are “wavering” about whether to keep to their retirement plans.

Persons: Donald Trump, Joe Biden won’t, Mitch McConnell, ”, McConnell, “, Algenon Marbley, Bill Clinton, Judge Max Cogburn –, Barack Obama –, John P, Collins, ” Collins, Karen Caldwell, George W, Bush’s, Obama, Biden, Jane Branstetter Stranch, James Andrew Wynn, Wynn, unretired, ” McConnell, “ It’s, ’ backstories, Clinton, Republican Sen, Jesse Helms, Stranch, Karla Campbell, Campbell, Ryan Park, Russell Wheeler –, –, Merrick Garland, Wheeler Organizations: CNN, Kentucky Republican, Trump, Southern District of, “, Western District of, Reuters, George Washington Law School, US, Biden White House, GOP, Republicans, Stranch, Trump Justice Department, Democrats, Republican, Biden, Brookings Institution’s, Supreme Locations: Southern District, Southern District of Ohio, Western District, Western District of North Carolina, North Carolina, Ohio, Brookings

☆ Voters elected the most closely divided House since the Great Depression and WWI
▼ + stars: | 2024-12-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

It’s the House of Representatives that is closest to the American people and most directly represents their will. With the last House race of the 2024 election decided – by fewer than 200 votes! That final contested House race will be won by Adam Gray, a pickup for Democrats in California’s Central Valley. The movement in this year’s House elections looked like this:Democrats picked up nine seats and lost eight. The House, where laws are supposed to originate, has been wracked by gridlock and has ceded some authority to the president.

Persons: CNN — There’s, Donald Trump, –, don’t, Adam Gray, Matt Gaetz, Elise Stefanik, Mike Waltz, elect’s, Mike Johnson, Trump, rulemaking, Johnson, It’s, Barack Obama, Nicholas Longworth, Franklin D, Roosevelt, They’re, ” Alexander Hamilton, it’s Organizations: CNN, White, Republicans, GOP, ’, United Nations, Incumbents, Farmer - Labor Party, Democratic, Electoral College, Senate Locations: Central Valley, Florida, New York, Democratic Congress

☆ There's no room for being a mom when you have cancer
▼ + stars: | 2024-12-05 | by ( Jennifer Underwood | ) www.businessinsider.com time to read: +12 min

I am young among cancer patients, but I'm also part of a growing trend. Despite rising rates, young women still represent a minority of cancer patients. There's no childcare for cancer patientsMothering through cancer is not for the weak. AdvertisementCancer centers need to adapt to their new population of patientsTwo years later, my cancer treatment is now less intense. The cancer centers could help with flexible scheduling, easier phone systems, nurse navigators, on-site childcare, and grants for paid leave.

Persons: gosh, I'm, —, Cancer Organizations: American Cancer Society, Oncology, Cancer

☆ Syria's Assad can't count on Iran to stop the rebel offensive
▼ + stars: | 2024-12-05 | by ( ) www.businessinsider.com time to read: +8 min

Since the early stages of Syria's bloody civil war that began in 2011, Iran has supported Syria's strongman president, Bashar Assad. Advancing in the face of Russian and Syrian airstrikes, they overran Syria's fourth-largest city, Hama, on Thursday. Earlier in the Syrian conflict, Iran helped orchestrate interventions on Assad's side by its powerful Lebanese proxy Hezbollah in 2013, and Russia in 2015. While Iran will undoubtedly remain committed to supporting Assad, it's unlikely to prove capable of organizing a 2016-style counteroffensive to recapture Aleppo. Century's Lund recalled that the last time Iran intervened to help Assad recapture Aleppo, it did so in close collaboration with Russia.

Persons: I'm, Bashar Assad, Tahrir, Aron Lund, Assad, Lund, Barbara Slavin, Slavin, Kasim Rammah, Arash Azizi, Azizi, Century's Lund, Stimson's Slavin, Donald, Trump, Paul Iddon Organizations: Syria's, Century, Swedish Defence Research Agency, Islamic Revolutionary Guard Corps, Stimson, Iran Initiative, Atlantic Council, Getty, Syrian National Army, Trump, Clemson University, Russia, Russian Locations: Iran, Aleppo, Tehran, Hama, East, Russia, Iraq, Syria, Lebanon, Israel, Washington, Turkey, Idlib, Anadolu, Turkish, Syrian, Ukraine

☆ Number of 401(k) ‘millionaires’ just jumped by 9.5%
▼ + stars: | 2024-12-05 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

CNN —A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. The average balance in that group was $1.616 million, up from $1.595 million in the prior quarter. And the median — which represents the level below which half of the accounts had lower balances — was just $30,600. And it noted that 6,000 of the 26,000 401(k)s for which it serves as record keeper now have an auto-portability feature, which provides an automatic rollover service for those with small balances. Making it easier to move small 401(k) balances from one plan to another throughout your career can pay off in the long term.

Persons: Xers —, ”, Sharon Brovelli, haven’t Organizations: CNN, Fidelity Investments, Fidelity, IRA, of America, Vanguard

WASHINGTON — Rep. Grace Meng, D-N.Y., on Wednesday will become the new chairwoman of the Congressional Asian Pacific American Caucus, succeeding Rep. Judy Chu, D-Calif., who has held the post for more than a dozen years, Chu told NBC News on Tuesday evening. Meng, who has served in Congress since 2013, is running unopposed to replace Chu as chair of the caucus, which is known as CAPAC. CAPAC is the smallest of the Tri-Caucus, the three minority caucuses that also include the Congressional Black Caucus and the Congressional Hispanic Caucus. Chu — the former three-time mayor of Monterey Park and the first Chinese American woman to serve in Congress — had led the caucus since 2011. Chu noted the growing number of Asian American, Native Hawaiians and Pacific Islanders (AANHPI) in Congress since she came to Washington.

Persons: Grace Meng, Judy Chu, Chu, Meng, CAPAC, Chu —, —, Mark Takano, Ted Lieu, Hakeem Jeffries, Joe Biden, Biden, Meng’s COVID, Donald Trump's Organizations: WASHINGTON — Rep, Congressional Asian Pacific American Caucus, NBC, Tri - Caucus, Congressional Black Caucus, Congressional Hispanic Caucus, House Veterans Affairs Committee, Democratic, Pacific Islanders, New York Democrat, Democratic National Committee, China Initiative, Department of Justice Locations: Monterey Park, American, Southern California, Hawaiians, Congress, Washington, China, United States

☆ 10-year Treasury yield ticks higher as investors await further job’s data
▼ + stars: | 2024-12-04 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was higher by nearly three basis points to 4.2478%. Meanwhile, the 2-year Treasury yield rose by more than one basis point to 4.1814%. U.S. Treasury yields were higher on Wednesday as investors awaited further labor data due this week. Investors are expecting more labor data this week with the ADP Employment Change report for November due to be published on Wednesday. Investors are keenly awaiting the November jobs report which will be published on Friday — the key economic release due this week.

Persons: Dow Jones, It's, Jerome Powell, Michael Barnier Organizations: Treasury, U.S, ADP, Federal Locations: U.S, New York

☆ College enrollment falls 5% for 18-year-old freshmen; FAFSA failures to blame, experts say
▼ + stars: | 2024-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

watch now'Aftermath of the FAFSA fiasco'Experts had warned that problems with the new FAFSA would result in fewer students applying for financial aid and fewer students enrolling in college. "Freshman enrollment dropped by a dramatic 5% this fall in the aftermath of the FAFSA fiasco, reversing previous gains," said higher education expert Mark Kantrowitz. Submitting a FAFSA is one of the best predictors of whether a high school senior will go on to college, according to the National College Attainment Network. "FAFSA completion and college enrollment move in the same direction — that relationship is pretty consistent," said Bill DeBaun, NCAN's senior director. As a result of changes to the financial aid application, more students now qualify for a Pell Grant, a type of aid awarded solely based on financial need.

Persons: Mark Kantrowitz, Bill DeBaun, NCAN's, Kantrowitz, FAFSA, DeBaun, Grant, Pell Grant, Pell Organizations: National College, Network, Seniors, U.S . Department of Education, Student Clearinghouse Research, Black Colleges, Universities, Federal Student Aid, Department of Education

☆ France no-confidence vote: Michel Barnier likely to be ousted, deepening country’s crisis
▼ + stars: | 2024-12-04 | by ( Lauren Kent | Hanna Ziady | ) edition.cnn.com time to read: +4 min

CNN —French lawmakers will vote Wednesday on a no-confidence motion that is widely expected to oust the government of Prime Minister Michel Barnier, as the country grapples with a deepening political crisis and massive budget deficit. The no-confidence vote is the just the latest jolt on a political rollercoaster in France, where no single party has wielded a majority in parliament since snap elections in July. No government has been ousted in a no-confidence vote since 1962 and Barnier would become France’s shortest-serving prime minister in history. This gridlock has made the government’s budget problems much harder to solve. The credit rating agency expects France’s budget deficit to reach 6.2% of GDP by the end of the year.

Persons: Michel Barnier, Barnier, centrists, –, Emmanuel Macron, Russia’s, Tariq Kamal Chaudhry, “, ”, CNN’s Olesya, Saskya Vandoorne Organizations: CNN, Union, EU, Hamburg Commercial Bank, P Global Locations: Barnier, France, Greece, Ukraine, Hamburg

☆ Hegseth faces an ‘absolutely critical’ day as Pentagon hopes hang by a thread
▼ + stars: | 2024-12-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

His fate will not only depend on whether sufficient Republican senators will defer to the president-elect. That dilemma is especially acute since concern among Republican senators helped derail the Gaetz selection last month. So far, only a small minority of Republican senators have raised questions about Hegseth. But several Republican senators said they hoped such steps would be taken, especially in the case of Hegseth. CNN’s Manu Raju asked North Dakota Republican Sen. Kevin Cramer whether standards had changed since those days.

Persons: Donald Trump, Pete Hegseth, Hegseth’s, CNN’s Jake Tapper, hadn’t, “, —, Matt Gaetz, Trump, Hegseth, He’s, CNN’s KFile, Republicans don’t, Chad Chronister, Donald Trump's, Sen, Shelley Moore Capito, Andrew Harnik, Penelope Hegseth, he’s, Jean Carroll, Fred, ” Trump, South Carolina Republican Sen, Lindsey Graham, Iowa Sen, Joni Ernst, she’d, Louisiana Republican Sen, Jon Kennedy, he’d, ” Kennedy, — “, that’s, ”, Cynthia Lummis, James Lankford, Missouri Sen, Josh Hawley, Hegseth . Alabama Sen, Tommy Tuberville, “ there’s, Samuel Corum, ” Maine Sen, Susan Collins, Hegseth wouldn’t, John Tower of, George H.W, George H.W . Bush, CNN’s Manu Raju, North Dakota Republican Sen, Kevin Cramer, ” Cramer, Pete Organizations: CNN, Fox News, Pentagon, Trump, Yorker, Republicans, Trump Republican, Drug, Administration, Defense, Russell Senate, The New York Times, Times, “ Fox, South Carolina Republican, Louisiana Republican, Missouri, ”, Capitol, Justice Department, Republican, North Dakota Republican Locations: Washington, Trump, Fox, Seattle, Florida, ”, Russell, Iraq, Afghanistan, Iowa, Louisiana, Wyoming, Hegseth . Alabama, Lago, ” Maine, John Tower of Texas, George H.W .

☆ Is Amazon's Trainium chip the 'dupe' that could finally disrupt Nvidia's AI dominance?
▼ + stars: | 2024-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, Amazon's touting new hardware it hopes can help it unseat Nvidia as the king of AI chips. The big storyAmazon's affordable AIBusiness Wire/BI'Dupes' are all the rage these days, so why not make one for AI chips? AdvertisementThat's basically Amazon Web Services' idea for breaking Nvidia's stranglehold on the AI market. The tech giant's homegrown chip is its answer to Nvidia's all-powerful GPUs, which are widely used for training AI models. AdvertisementAWS CEO Matt Garman detailed how customers can get the most out of their AI chips with 'UltraServers' — multiple Trainium servers smartly pieced together — and the 'UltraCluster' — what you get when you combine multiple 'UltraServers.'

Persons: Matt Garman, Andrej Sokolow, Carter Smith, Alyssa Powell, BI's Eugene Kim, CUDA, Donald Trump's, BofA, —, Ned Davis, Jon Chu, Lori Berenberg, Deedy Das, Pat Gelsinger, Jenny Chang, Rodriguez, Gen, it's, It's, Michel Barnier's, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Lisa Ryan, Milan Sehmbi Organizations: Business, Nvidia, Services, Getty, Bank of America, Ned Davis Research, Deedy Das Khosla Ventures, Bloomberg Beta, Menlo Ventures, Intel, French Locations: New York, Chicago, London

☆ France's political chaos casts long shadow over economic growth
▼ + stars: | 2024-12-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

The administration is widely seen as likely to be ousted, just three months after it was formed. Greece had briefly lost its investment grade credit rating status amid the euro area debt crisis, which led to the nation's sovereign default. "Beyond economic growth and stability, this will send debt in a non-sustainable direction in France." Analysts at Dutch bank ING, who previously forecast French growth slowing from 1.1% in 2024 to 0.6% in 2025, said Tuesday that the fall of Barnier's government "would be bad news for the French economy." Loading chart..."At a time when economic growth in France is slowing markedly, this is bad news.

Persons: Joel Saget, Michel Barnier, Barnier —, Emmanuel Macron, Macron, Barnier, Carsten Nickel, Nickel, Maybank, Javier Díaz, Giménez, Gilles Moëc, Moëc Organizations: Afp, Getty Images, Assembly, Spain's IESE Business School, CNBC, ING, AXA Locations: Paris, Germany, France, Greece

☆ Michel Barnier, France’s prime minister, likely to be ousted in no-confidence vote, deepening country’s crisis
▼ + stars: | 2024-12-04 | by ( Lauren Kent | Hanna Ziady | ) edition.cnn.com time to read: +3 min

CNN —French lawmakers will vote Wednesday on a no-confidence motion that is widely expected to oust the government of Prime Minister Michel Barnier, as the country grapples with a deepening political crisis and massive budget deficit. No government has been ousted in a no-confidence vote since 1962 and Barnier would become France’s shortest-serving prime minister in history. But it’s unclear how any future prime minister will find unified support in a divided political landscape and avoid being similarly toppled. This gridlock has made the government’s budget problems much harder to solve. The credit rating agency expects France’s budget deficit to reach 6.2% of GDP by the end of the year.

Persons: Michel Barnier, Barnier, centrists, –, Emmanuel Macron, Russia’s, Saskya Vandoorne Organizations: CNN, Union, EU Locations: Barnier, France, Greece, Ukraine

☆ European markets head for mixed open with all eyes on French confidence vote
▼ + stars: | 2024-12-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a mixed open Wednesday with regional market attention focused on an upcoming no-confidence vote in France's parliament, the National Assembly. The vote is expected to take place this evening after lawmakers have debated two motions of no-confidence, tabled by the leftwing New Popular Front alliance and rightwing National Rally party, against Prime Minister Michel Barnier's minority government. The motions come after Barnier used special constitutional powers on Monday to pass a contested budget bill without a parliamentary vote. National Rally has already said it will support the motion brought by its left-wing rivals, but will also support its own motion of no-confidence. It's highly likely that Barnier's government will collapse after the vote.

Persons: Michel Barnier's, Barnier, It's Organizations: National Assembly, Front, rightwing Locations: France's

☆ How UK Export Finance is supporting ethnic minority-led businesses to achieve their global ambitions
▼ + stars: | 2024-12-03 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +7 min

UK Export Finance helps ethnic minority-led businesses win, fulfill, and get paid for international business by providing guarantees, insurance and loans to support export activities. UK Export Finance (UKEF) is the UK government's export credit agency. UKEF can help ethnic minority-led businesses through its network of regional Export Finance Managers (EFMs) based around the UK. Once a business has an export plan in place, UK Export Finance can make it a reality by providing finance support. Supporting ethnic minority-led businesses to access export financeEthnic minority-led businesses contribute £25 billion to the UK economy per year, according to research from the Federation of Small Business.

Persons: Hitesh Patel, EFMs, Alissia Deane, Patel, Deane, they're, it's Organizations: Export Finance, UKEF's Export Insurance, Department for Business and Trade, Federation of Small, UK Finance, Research, The British Business Bank, London Chamber of Commerce, Venture Capital, UKEF, Department for Business, Trade, UK Export Finance, Insider Studios Locations: London, West Yorkshire, DBT, UKEF

☆ European markets set for higher open but France's political upheaval is in focus
▼ + stars: | 2024-12-03 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher Tuesday, with investors keeping an eye on political upheaval in France this week. The U.K.'s FTSE 100 index is expected to open 18 points higher at 8,322, Germany's DAX up 15 points at 19,922, France's CAC up 29 points at 7,245 and Italy's FTSE MIB up 43 points at 33,601, according to data from IG. Data releases Tuesday include U.K. retail sales and Spanish unemployment figures. France's financial markets will be closely watched Tuesday after Prime Minister Michel Barnier turned to special constitutional powers to pass a contested budget bill without a parliamentary vote. Opposition parties on both the left and right say they will back a no-confidence vote to bring Barnier's minority government down.

Persons: Germany's DAX, Michel Barnier Organizations: France's CAC, IG Locations: France

WASHINGTON — Rep. Jamie Raskin, D-Md., a former constitutional law professor who served as Democrats’ lead prosecutor in the Trump impeachment trial after the Jan. 6 attack, told colleagues Monday he will challenge Rep. Jerry Nadler, D-N.Y., for the top Democratic spot on the powerful Judiciary Committee. Nadler, 77, has held the top job on the Judiciary panel since 2019, served in Congress since 1992 and has suffered some health scares in recent years. In his three-page letter, Raskin, the current ranking member of the Oversight Committee, also offered praise for Nadler, who is running for his fourth term leading Democrats on the Judiciary panel. House Judiciary Committee Chairman Jerry Nadler (D-N.Y.) talks to Rep. Jamie Raskin (D-Md.) Grijalva, who has served in Congress since 2003, had missed votes for several months after he announced a cancer diagnosis in April.

Persons: Jamie Raskin, ’, Trump, Jerry Nadler, Nadler, Raskin, —, ” Raskin, “, Chip Somodevilla, Jerry, Raul Grijalva, Jared Huffman, Grijalva, Huffman, Jim Costa, Angie Craig, David Scott, Hakeem Jeffries Organizations: WASHINGTON —, Democratic, “, 119th, Natural, Agriculture, Committee, Democratic Caucus Locations: New York, D

DHAKA, Bangladesh — Bangladesh’s High Court on Sunday acquitted former Prime Minister Khaleda Zia’s son, Tarique Rahman, and 48 others, overturning their verdicts in a deadly 2004 grenade attack on a political rally. Rahman serves as the acting chairperson of Zia’s Bangladesh Nationalist Party while in self-exile in London, and he could become Bangladesh’s next leader if his party is voted into power. A court sentenced 19 of them to death while Rahman got life in prison, with Zia’s party accusing the ruling of being politically motivated. Zia, who ruled the country as prime minister from 2001 to 2006, and Hasina are the country’s most powerful politicians and longtime rivals. Sultan Salahuddin Tuku, brother of one of the people acquitted, speaking at the Bangladesh High Court in Dhaka on Sunday.

Persons: Khaleda Zia’s, Tarique Rahman, Sheikh Hasina, Rahman, Bangladesh’s, Hasina, Shishir, ”, Zia, Muhammad Yunus, Yunus, wasn’t “ Yunus ’, Sultan Salahuddin Tuku, Munir Uz Zaman, Sunday’s Organizations: Bangladesh’s, Bangladesh Nationalist Party, Sunday, ” Hasina’s Awami League, Bangladesh, Court, AFP, Getty, Islami Locations: DHAKA, Bangladesh, India, London, Dhaka, Jamaat

☆ Fan violence at soccer match in Germany leaves 79 people injured, including 10 police officers
▼ + stars: | 2024-12-02 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Fan violence at a soccer match in Germany left 79 people injured on Saturday, local police said. Supporters of FC Carl Zeiss Jena and BSG Chemie Leipzig clashed following the fourth-division match, which Jena won 5-0, in an episode of “disinhibited violence,” police said. Of the 79 injured, 64 were fans, 10 were police officers and five were match stewards. “We condemn violence in the form of physical confrontations, especially the use of pyrotechnics against people. This has no place at our football matches and will not be tolerated by us.”Jena called it an “unpleasant ending” to the match, adding: “FC Carl Zeiss Jena wishes those affected a speedy recovery.

Persons: FC Carl, “, ”, ” Jena, “ FC Carl, “ FC Carl Zeiss Jena Organizations: CNN, FC, FC Carl Zeiss Jena, BSG Chemie, Jena, Thuringia Police, Leipzig, Police, “ FC, “ FC Carl Zeiss Locations: Germany, Thuringia, Leipzig, Jena

☆ Norway hits pause on controversial deep-sea mining plans
▼ + stars: | 2024-12-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's Prime Minister Jonas Gahr Store gives a speech during the Autumn 2024 conference of Equinor, a Norwegian multinational energy company, in Oslo, Norway on November 26, 2024. Norway has shelved plans to open a vast ocean area at the bottom of the Arctic for commercial-scale deep-sea mining. Norwegian Prime Minister Jonas Gahr Støre described the move as a "postponement," Reuters reported Sunday, citing comments delivered to private broadcaster TV2. Støre leads Norway's center-left Labor Party, which is the senior party in a minority government coalition with the Center Party. The practice of deep-sea mining involves using heavy machinery to remove minerals and metals — such as cobalt, nickel, copper and manganese — from the seabed, where they build up as potato-sized nodules.

Persons: Jonas Gahr, Jonas Gahr Støre, Støre Organizations: Norway's, Socialist Left Party, Reuters, TV2, Labor Party, Center Party Locations: Norwegian, Oslo, Norway, Norway's, Germany, Britain, Canada, Mexico

☆ Opinion | How Do You Like That Filibuster Now?
▼ + stars: | 2024-12-02 | by ( Michelle Cottle | ) www.nytimes.com time to read: +1 min

As Republicans prepare to take control of both chambers of Congress and the presidency, Senator Joe Manchin, the conservative West Virginia Democrat turned independent, has a question for his former Democratic teammates: “How do you like that filibuster now?”Mr. Manchin is feeling sassy these days. His ex-party just got its clock cleaned and is facing two years, minimum, in the political wilderness. And, no surprise, as Mr. Manchin prepares to retire in January, he has plenty of thoughts on preserving the Senate’s role as an independent power center — a mission that feels especially vital with Donald Trump’s return to Washington. Love him or loath him, Mr. Manchin is worth a listen as a man who understands how to use power whether you’re in the minority or the majority in the Senate. And at age 77, with more than four decades in politics, he takes the long view — a healthy mind-set for discouraged Democrats.

Persons: Joe Manchin, Manchin, Donald Trump’s, Love, “ They’ve, ” Organizations: West Virginia Democrat, Democratic, ex Locations: Washington

☆ Negotiate on the budget or we'll bring you down, France's far right tells government
▼ + stars: | 2024-12-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party's President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party's parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Erlend Robaye | Erroba | Getty ImagesIf France's political turmoil comes to a head and Barnier's government is toppled, it's uncertain what could happen next. French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. "If the new and still very much minority government reaches agreement with National Rally and passes the 2025 budget, then it will produce some relief in markets ... "With the end of ultra-low interest rates, France's debt servicing costs are projected by the ECB to rise above 4% by 2034, which would cause a major and persistent debt crisis.

Persons: Jordan Bardella, Ludovic Marin, Michel Barnier, Barnier, Le Pen, Bardella, Erlend, Emmanuel Macron, Alain Jocard, Holger Schmieding, Le, Mike Gallagher, Storm Caetano Organizations: Rassemblement National, National, French National Assembly, Afp, Getty, Marine, Front, National Assembly, Agence France, Presse, RTL, Reuters, Erroba, EU, French, Berenberg Bank, Continuum Economics, ECB, Chatelet Locations: Paris, France's, France, Chatelet Les Halles

☆ Jeffries faces leadership test as Democrats fight for committee posts to battle Trump
▼ + stars: | 2024-12-02 | by ( Annie Grayer | Sarah Ferris | ) edition.cnn.com time to read: +6 min

CNN —House Minority Leader Hakeem Jeffries is facing his first big leadership test in the new Trump era as congressional Democrats push for a shakeup in their party’s approach to countering the incoming president. A number of Democrats who were once willing to wait their turn on the leadership ladder have suddenly lost their patience. Two other Democrats are vying to replace Rep. David Scott, who is 79, at the House Agriculture Committee. Democratic Rep. Dean Phillips, whose longshot primary challenge to Biden quickly failed, praised his colleagues for taking on committee leadership. Throughout the impeachment investigation, Jeffries appeared to defer to committee Democrats at every turn and only got involved when needed.

Persons: Hakeem Jeffries, Trump, Donald Trump, Joe Biden, Jeffries, Jamie Raskin’s, Jerry Nadler, Raskin, ’ Nadler’s, ”, ” Raskin, Jared Huffman, Jamie Raskin, Tom Williams, Nadler, It’s, Raul Grijalva, who’s, Grijalva, David Scott, Dean Phillips, Biden, I’m, ” Phillips, Jim Jordan, James Comer, Tasos Katopodis, Comer, “ Jamie Raskin, ” Huffman, Nadler —, He’s, Stephen Lynch, Gerry Connolly, Alexandria Ocasio, Cortez Organizations: CNN —, Democrats, Democrat, White, Trump, Jeffries, Democratic, Judiciary, CNN, Natural Resources, Agriculture, Biden White House, Rep, Capitol, Republican, Republicans Locations: Trump’s Washington, Washington ,, Alexandria

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