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☆ U.S. personnel wounded in attack against base in Iraq, officials say
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: +3 min

Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. The U.S. officials, who spoke to Reuters on condition of anonymity, said one of the wounded Americans was seriously injured. "Base personnel are conducting a post-attack damage assessment," one of the officials added. A rare ally of both the U.S. and Iran, Iraq hosts 2,500 U.S. troops and has Iran-backed militias linked to its security forces.

Persons: Al Asad, Ismail Haniyeh, Mohammed Shia, Sudani, State Anthony Blinken, Blinken, Michael, Erik, Kurilla Organizations: Reuters, Israel, The U.S, Base, Pentagon, Hezbollah, U.S, Iraqi, State, U.S . Army, U.S . Central Command Locations: Iraq, Iraqi, Iran, U.S, Tehran, The, Israel, Gaza, Washington, Baghdad, Syria

☆ Violence erupts as Nigerians protest hunger across the nation
▼ + stars: | 2024-08-01 | by ( Nimi Princewill | Stephanie Busari | ) edition.cnn.com time to read: +6 min

The state’s police spokesman Wasiu Abiodun told CNN in a statement that operatives arrested 11 armed “hoodlums” who set fire to a government building after looting it. Activist and lawyer Deji Adeyanju told CNN Thursday that there were counter-demonstrations by pro-government protesters who arrived in buses accompanied by a security vehicle. “In the northern part of Nigeria, the largest part of our country … the primary cause of hunger is insecurity. He added that Nigerians were also pained watching their leaders live in luxury while they struggled to make ends meet. Analysts told CNN at the time it was “hypocrisy” for the government to spend on luxuries while impoverished citizens suffer hardship.

Persons: Bosun Tijani, Wasiu Abiodun, hoodlums ”, Abiodun, Benson Ibeabuchi, Deji Adeyanju, Josephine Adeh, ”, …, We’ll, ” Dele, “ unifies, Bola Tinubu, Tinubu, Mohammed Idris, “, ” Farotimi, Sulaimon Organizations: CNN, Innovation, Communications, Bloomberg, Getty, Kaduna Police Command, Nigeria ’, Channels Television, ”, “, Nigeria’s Locations: Nigeria, Africa, Kenya, Uganda, Ghana, Kano, Abuja, Niger, Ikeja, Lagos, Kaduna, AFP

At the city’s main military base, where Maduro lives, people were seen setting fire to the strongman’s election posters. The CNE, which is stacked with Maduro allies, has yet to issue final vote tallies from Sunday’s election. “Venezuela has the best electoral system in the world!” CNE president Elvis Amoroso announced before proceeding with the formal announcement. Venezuelan President Nicolas Maduro arrives with his wife Cilia Flores for a ceremony where the National Electoral Council (CNE) certified he won the presidential election. Senior Biden administration officials on Monday said Venezuelan election authorities must release the “detailed precinct level results” from the election.

Persons: Nicolás Maduro, Esthefania Natera, ”, Maduro, Hugo Chavez, Elvis Amoroso, Nicolas Maduro, Flores, Matias Delacroix, Maria Corina Machado, Maduro’s, Edmundo Gonzalez, “, ” Machado, Machado, ” CNN’s Avery Schmitz Organizations: Caracas CNN —, CNN, Electoral Council, CNE, “, Maduro’s, Democratic, National Electoral, Monday, Venezuelan, Biden, Organization of American States Locations: Venezuela, Caracas, Falcón, “ Venezuela, States, Peru, Chile, Brazil, “, United States

☆ 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

☆ Macron Rejects French Left’s Pick for Prime Minister
▼ + stars: | 2024-07-23 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

A coalition of France’s left-wing parties on Tuesday tapped a little-known civil servant to be prime minister, unexpectedly ending weeks of bickering after snap parliamentary elections plunged the country into political gridlock. But President Emmanuel Macron immediately rejected the coalition’s pick, Lucie Castets. The French president alone has the power to appoint the prime minister and the cabinet. His choice must, theoretically, reflect the political balance in Parliament, but there is no constitutionally mandated deadline for him to choose. The left-wing coalition, known as the New Popular Front, said in a statement that it had agreed on Ms. Castets, 37, who has worked at France’s treasury and its anti-money-laundering unit and currently handles financial matters at Paris City Hall.

Persons: France’s, Emmanuel Macron, Lucie Castets, Macron, Castets Organizations: Paris, Paris City Hall

☆ What’s Left for France’s Left?
▼ + stars: | 2024-07-19 | by ( Emma Bubola | ) www.nytimes.com time to read: +1 min

When a left-wing coalition came first this month in France’s parliamentary elections and upended a predicted victory for the far right, supporters filled the streets. “The left has awakened,” a supporter said. Almost immediately after their victory, the parties in the coalition started fighting among themselves. “It’s going to be hard,” said Zahia Hamdane of France Unbowed, the far-left party of the firebrand leader Jean-Luc Mélenchon, on Friday. “I took it very badly yesterday.”The alliance of four left-wing parties — Communists, Socialists, Greens and France Unbowed — was hastily pulled together after President Emmanuel Macron dissolved the National Assembly and called for snap elections last month.

Persons: ”, “, “ It’s, Zahia, Jean, Luc Mélenchon, France Unbowed —, Emmanuel Macron Organizations: National Assembly, Communists, Socialists, Greens Locations: France

☆ Israel-Gaza War: Latest News
▼ + stars: | 2024-07-18 | by ( Ephrat Livni | ) www.nytimes.com time to read: +5 min

His speech there before a divided Congress figures to be contentious, particularly if he cannot close a deal with Hamas to end the war before he travels. Image Prime Minister Benjamin Netanyahu of Israel at the Knesset, Israel’s Parliament, in Jerusalem on Wednesday. Credit... Ammar Awad/ReutersSome in Mr. Netanyahu’s governing coalition have urged him to oppose a deal with Hamas. Mr. Netanyahu’s grip on power relies on the support of two far-right parties opposed to any agreement that would leave Hamas in power in Gaza. The war has killed more than 38,000 people and led to widespread hunger, according to Gazan health authorities.

Persons: Benjamin Netanyahu, Israel, Netanyahu, Ronen Zvulun, Yair Lapid, Mr, Lapid, ” Ella Ben, Ami, Ohad Ben, Ben, Be’eri, Raz Ben, Ella Ben, Yoav Gallant, ”, Gallant, Ammar Awad, “, Matthew Miller, Mike Johnson, Dani Elgarat, Nir Oz, Noa Argamani, Elgarat Organizations: Protesters, Hamas, ., Families, Wednesday, Credit, Reuters, Shas, Department, Democratic, Louisiana Republican, Mr Locations: Israel, Washington, Qatar, Egypt, Israel’s, Jerusalem, Tel Aviv, Gaza, Louisiana, United States

☆ Ukraine: Germany to halve military aid despite possible Trump White House
▼ + stars: | 2024-07-18 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House. German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024, according to a draft of the 2025 budget seen by Reuters. Germany has faced criticism for repeatedly missing a NATO target of spending 2% of its economic output on defense. Days after Russia’s 2022 invasion of Ukraine, Chancellor Olaf Scholz announced a “Zeitenwende” – German for historic turning point - with a €100 billion special fund to bring the military up to speed. The defense budget is set to receive a meagre €1.3 billion more than in 2024, far below the €6.7 billion requested by Pistorius.

Persons: Donald Trump, Christian Lindner, Trump, JD Vance, Olaf Scholz, Kay Nietfeld, Chancellor Olaf Scholz, Boris Pistorius, Pistorius . Scholz, Zelensky, John MacDougall, “, ”, Ingo Gaedechens Organizations: Reuters, House, Group, German, Washington, Ukraine, Trump, NATO, Social Democrats, Greens, Defense, Getty, CDU Locations: Germany, Ukraine, €, Europe, United States, Russia, Irpin, Kyiv, Berlin

☆ The West must be ready to face the 'deadly quartet' of global adversaries, analysts warn
▼ + stars: | 2024-07-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

"We're confronted by a deadly quartet of nations increasingly working together," he said, in comments reported by Sky News. The coalition described Moscow as having "shattered" peace and stability in the West and having "gravely undermined global security." Russia and North Korea deny arms transfers have taken place. Ian Bremmer, founder and president of Eurasia Group, said the latest NATO summit showed that the West and its opponents appeared to be positioning themselves in a "new Cold War posture." Russia, North Korea and Iran are already under substantial international sanctions, and those restrictions on trade and key sectors have arguably pushed them closer together.

Persons: George Robertson, We're, …, Robertson, Russia's, Xi Jinping, Vladimir Putin, Pedro Pardo, Lin Jian, Ian Bremmer, Ed Arnold Organizations: State, Government, NATO, Government Summit, Washington DC, Anadolu, Getty, Sky News, Forum, International Cooperation, of, People, Afp, Ukraine, European Union, Eurasia Group, Alliance, European Security, International Security, Royal United Services Institute Locations: Washington, United States, Russia, China, North Korea, Iran, Beijing, Ukraine, Moscow, PRC, People's Republic of China, Europe

☆ A US Navy captain was in disbelief when his destroyer came under fire from missiles never before seen in combat while dealing with pirates
▼ + stars: | 2024-07-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewUS Navy warships that spent months battling the Houthis have faced unprecedented threats during their restless deployments, chief among them being anti-ship ballistic missiles, a deadly weapon that had never been used in combat until recently. The missiles came in as it was responding to a hijacking attempt by pirates, marking the first operational use of such weapons. It was right after this that the Mason first detected inbound anti-ship ballistic missiles. AdvertisementSince their campaign began last fall, the Houthis have launched dozens of anti-ship ballistic missiles from Yemen. Multiple Navy officers with the strike group have applauded their warships' ability to engage the anti-ship ballistic missiles.

Persons: —, Arleigh Burke, Mason, Cmdr, Justin Smith, Bill Mesta, Smith, Jason Dunham, Dwight D, Eisenhower Organizations: Service, Navy, Business, Pirates, ASBMs, US Navy, Central, Eisenhower Carrier Strike, Hamas Locations: Aden, Handout, Gulf of Aden, Yemen, Iran, Israel, Gaza, China

☆ Takeaways from the RNC’s first day
▼ + stars: | 2024-07-15 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

Trump called Vance 20 minutes before he announced he’d chosen the Ohio senator on Truth Social, a source familiar with the process told CNN. The two had met at Trump’s Mar-a-Lago club on Saturday, before the rally at which Trump was shot in the ear. Trump is betting that Vance articulating his evolution from Trump critic to supporter will prove much more potent than those older comments. “President Trump honored the Constitution. “I’m here tonight to tell you, no matter your political background, the best chance we have to give our babies a better life is to elect Donald Trump president of the United States,” Rose said.

Persons: Donald Trump, Trump, Ohio Sen, JD Vance, “, ”, Vance, Joe Biden, Vance Rather, he’d, Mike DeWine, CNN Vance, rans, Kristi Noem, she’d, Glenn Youngkin, Elise Stefanik, —, Byron Donalds, “ Donald Trump, South Carolina Sen, Tim Scott, ” Scott, Van Jones, Sean O’Brien, O’Brien, ” O’Brien, Biden, Amber Rose, influencer, ” Rose, CNN Ron Johnson’s Ron Burgundy, Wisconsin Sen, Ron Johnson’s, ” Johnson’s Organizations: CNN, Republican National Convention, Secret Service, Republican, reelecting, Truth, Trump’s, ”, ” Ohio Gov, Republican Party, Trump, Republicans, ” Publicly, Trump —, South Dakota Gov, Virginia Gov, New, New York, Democratic, Florida Rep, International Brotherhood, Teamsters, Labor, CNN Trump, Biden, White House, Donalds, Black Republicans Locations: Milwaukee, Butler , Pennsylvania, Ohio, Pennsylvania, Wisconsin, ” Ohio, Ohio’s, Florida, South Carolina, American, Washington, Michigan , Pennsylvania, United States

Left-leaning demonstrators had been preparing for months to march through downtown Milwaukee at the start of the Republican National Convention on Monday. The attempted assassination of former President Donald J. Trump on Saturday, protest organizers said, would not change those plans. Republican Party leaders said that Mr. Trump would still accept the nomination in person on Thursday. And protesters, a consistent presence at national political conventions, said they would be there, too. Mr. Flores said that his group intended to come “within sight and sound” of Fiserv Forum, the main convention hall.

Persons: Donald J, Trump, Trump’s, ” Omar Flores, Flores Organizations: Republican National Convention, Republicans, Secret Service, Republican Party, Coalition, Organizers, Fiserv Locations: Milwaukee, Pennsylvania

☆ Postage is going up again. You should care, even if you don’t send mail
▼ + stars: | 2024-07-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Most people don’t use mail the way they used to – if they send out mail at all. And, most of all, businesses still depend on the mail to help them reach customers and keep the economy going. A history older than AmericaThe postal service and the United States have grown side by side since before the country’s birth – quite literally. The band The Postal Service was an indie-pop darling near the turn of the century. While stamp prices have doubled in that time, most experts point the finger at technology instead.

Persons: ”, Michael Plunkett, Benjamin Franklin, Alexis de Tocqueville, “ Alexander M, –, Santa Claus, Cliff, Newman, “, David Brin, Kevin Costner, ” Plunkett, Kevin Kosar, that’s, Plunkett, Sackler, ” ‘, doesn’t, Louis DeJoy, Kyle Grillot, Michael Kubayanda, Mark Dimondstein, ” Kubayanda Organizations: New, New York CNN, US Postal Service, Association for Postal Commerce, Boston Post, United States, Smithsonian Magazine, Getty, New York City, Postal Service, Post, ” Workers, Service, American Enterprise Institute, “, ”, Coalition, Century Postal Service, USPS, American Postal Workers Union Locations: New York, United States, Boston, United, Britain, France, Siren , Wisconsin, City, Los Angeles, AFP

☆ NATO condemns China as a 'decisive enabler' of Russia's war in Ukraine in sternest rebuke to date
▼ + stars: | 2024-07-11 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

In NATO's most serious denunciation of China to date, the military coalition labeled Beijing a "decisive enabler" of Russia in its ongoing war in Ukraine and expressed concerns over its nuclear arsenal and "systemic challenges" to the coalition's security. "The PRC has become a decisive enabler of Russia's war against Ukraine through its so-called 'no limits' partnership and its large-scale support for Russia's defence industrial base," a NATO communique said Wednesday, on the second day of a Washington summit celebrating the alliance's 75th anniversary. Earlier this week, Beijing started joint military exercises with Russia's close ally Belarus at a training ground mere miles away from the Polish border, the Belarusian Defense Ministry said in a Google-translated Telegram post. On the February 2023 first-year anniversary of the Ukraine war, China — which a month later successfully capitalized on goodwill earned as a trade partner to broker a reconciliation between arch-enemies Iran and Saudi Arabia — pitched a peace framework for the conflict between Moscow and Kyiv. It, like Ukrainian President Volodymyr Zelenskyy's peace plan and Kremlin leader Vladimir Putin's own recent conditions to ignite diplomatic negotiations, has so far failed to gain traction.

Persons: Xi Jinping, Russia's, Saudi Arabia —, Volodymyr Zelenskyy's, Vladimir Putin's Organizations: NATO, West, Belarusian Defense Ministry Locations: China, Beijing, Russia, Ukraine, Washington, Moscow, Belarus, Polish, Iran, Saudi Arabia, Kyiv

☆ France’s Emmanuel Macron urges new mainstream coalition, appearing to rule out working with the far left
▼ + stars: | 2024-07-11 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

Macron said it was “in light of these principles” that he will decide on the appointment of France’s next prime minister. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. In a victory speech Sunday evening near Stalingrad Square in Paris, he said Macron “has the duty” to ask the NFP to form a government. Jean-Luc Mélenchon (right), leader of the far-left France Unbowed party, celebrates the second-round results at a rally in Paris, July 7, 2024. French Prime Minister Gabriel Attal’s offer to resign was on Monday rejected by Macron, leaving him in place in a caretaker role until the new government is formed.

Persons: Emmanuel Macron, Macron, Marine Le, ”, France’s, Jean, Luc Mélenchon, France Unbowed, Mélenchon, Macron “, Thomas Padilla, Gabriel Attal’s, ” Macron Organizations: CNN, National Assembly, Marine, Front, NFP, Ensemble, France Unbowed, Socialist, AP, Macron, Olympic Locations: gridlock, Sunday’s, France, Stalingrad, Paris, Italy, Germany

☆ As NATO meets, leaders look to 'Trump-proof' the military alliance
▼ + stars: | 2024-07-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

US President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky speak during a meeting in New York on September 25, 2019. Hanno Pevkur, Estonia's defense minister, emphasized that NATO allies did not interfere in each other's domestic politics and democratic processes. So when, when the choice of American people is Donald Trump, then it's Donald Trump. Then all the countries in the world, including Estonia, including the NATO allies, have to talk with this administration who will be put in place."

Persons: Donald Trump, Christian Hartmann, Trump, Recep Tayyip Erdogan, Peter Nicholls, Jens Stoltenberg, Stoltenberg, Joe Biden's, —, Volodymyr Zelensky, Saul Loeb, Donald Trump's, Keir Starmer, Starmer, we've, that's, Radosław Sikorski, CNBC's Steve Sedgwick, Hanno Pevkur, It's, France —, Balázs Orbán, Viktor Orbán Organizations: NATO, AFP, Getty, Republican, Ukraine, Eurasia Group, Trump, Ukrainian, Independent, CNBC, Hungary's Locations: Grove, Watford, London, Washington, Ukraine, China, North Korea, Iran, Britain, New York, Europe, Russia, Estonia, United States, Germany, Canada, France, Poland

☆ George Clooney, who hosted major fundraiser for Biden last month, says Democratic Party needs a new nominee
▼ + stars: | 2024-07-10 | by ( Michael Williams | ) edition.cnn.com time to read: +5 min

“I love Joe Biden,” Clooney wrote in a New York Times opinion piece. It comes as a handful of Democrats in Congress have also publicly demanded Biden step aside due to persistent concerns about his age and mental acuity. The fundraiser that Clooney headlined raised $28 million for Biden’s reelection campaign, the most for the Democratic Party from a single event in history. Joe Biden must step aside,” Reiner said in a post to social media platform X Wednesday in which he linked to Clooney’s op-ed. Joe Biden has effectively served US with honor, decency, and dignity.

Persons: George Clooney, Joe Biden’s, Biden, “, Joe Biden, ” Clooney, Clooney, Barack Obama, Joe “, ” Biden, wasn’t, ”, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi —, Wes Moore, Kamala Harris, Gretchen Whitmer, Gavin Newsom, Andy Beshear, J.B . Pritzker, Clooney’s, Amal Clooney, Rob Reiner, Harris, ” Reiner, Reiner, CNN’s Betsy Klein Organizations: Washington CNN, New York Times, CNN, White, Congress, Democratic Party, Maryland Gov, Kentucky Gov, Illinois Gov, Democratic, Hollywood Democrat, NATO Locations: Hollywood, Michigan, California, Kentucky, Israel

☆ Opinion: In French election, voters save the Republic from the far right. Now comes the (really) hard part
▼ + stars: | 2024-07-09 | by ( Opinion Marie Le Conte | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron’s centrist Ensemble alliance came in second, preventing the far right from taking power. The stakes couldn’t have been higher, and it is hard to overstate the sense of urgency with which French voters flocked to the polls. It ought to be noted, however, that under half of centrist voters went for the left in a run-off against the far right. Many had assumed that it was a foregone conclusion that the far right would win a majority, absolute or otherwise. On all those occasions, and again last week, many held their noses and voted for the center to keep the far right in check.

Persons: Marie Le Conte, Read, —, Emmanuel Macron’s, who’d, Le Pen Organizations: CNN, Front, Greens, Ensemble, National Assembly, Rassemblement, Twitter, Facebook Locations: French, Moroccan, London, British, Vichy, France

☆ CNBC Daily Open: French far-right advance blocked
▼ + stars: | 2024-07-08 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advance thwartedFrance's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority. Gox bankruptcy estate confirmed that repayments in bitcoin and bitcoin cash had commenced, likely fueling investor concerns of a massive sell-off. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst.

Persons: France's, Jan Hatzius, Goldman Sachs, Bitcoin, Emmanuel Papadakis Organizations: CNBC, Popular Front, Rassemblement, Nasdaq, Dow Jones, Federal Reserve, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Nvidia, Wall Locations: Europe's, U.S, Gox, bitcoin, Novo

☆ French election: What happened and what comes next?
▼ + stars: | 2024-07-08 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

While a surge in support for the left-wing New Popular Front (NFP) coalition foiled Marine Le Pen’s far-right National Rally (RN) party, French politics is now more disordered than it was before the vote. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. And the RN and its allies, despite leading the first round, won 143 seats. Does that mean the NFP “won” the election? Now, it is the largest bloc in the French parliament and could provide France with its next prime minister.

Persons: Emmanuel Macron, Le, “, NFP “, Jordan Bardella, Le Pen, ”, ” Bardella, Kevin Coombs, Macron, Publique, – Jean, Luc Mélenchon, Raphael Glucksmann, Emmanuel Dunand, Éduoard Philippe, France’s, Brigitte Macron, Mohammed Badra, Gabriel Attal’s, France Unbowed, Mario Draghi, Benito Mussolini Organizations: CNN, Front, NFP, National Assembly, Ensemble, “, Reuters, Socialists, Getty Locations: Vichy, France, Paris, AFP, Le Touquet, –, Italy

☆ European stocks seen slipping as traders digest French election result
▼ + stars: | 2024-07-08 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

LONDON — European stocks were set to fall at the open on Monday as markets reacted to an expected hung parliament in France after a surprise win for a left-wing coalition of parties. France's CAC 40 was seen falling 37.9 points to 7,631, according to IG, and the euro was down 0.18% against the dollar. The U.K.'s FTSE 100 index and Germany's DAX are both expected to fall around 6 points, while Italy's FTSE MIB is expected to slip 115 points at the open. European marketsFrance's left-wing New Popular Front won the largest number of seats in this weekend's parliamentary elections, scuppering an expected surge for the far-right. However, the coalition failed to secure an absolute majority, early data showed, leaving markets digesting the possibility of a hung parliament.

Persons: Germany's DAX, France's, scuppering, Jim Reid, Nathan Posner Organizations: CAC, IG, Popular Front, Deutsche Bank, New, Republique, Anadolu, Getty Locations: France, Paris, France's

☆ The Left United to Keep the Far Right From Power. Its Strategy Appeared to Work.
▼ + stars: | 2024-07-07 | by ( Catherine Porter | ) www.nytimes.com time to read: +1 min

Even as vote counting was still underway across France on Sunday night, one thing was clear: The left-wing coalition called the New Popular Front did much better than expected and helped deny the far right a victory. Projections show the coalition coming out in front and gaining dozens of seats — a feat for an alliance that was forged only last month with the goal of keeping the far-right National Rally from power. The alliance includes four left-wing parties: Communists, Socialists, Greens and the far-left party, France Unbowed. While many in France cheered what appeared to be a loss for the far right, others were fearful of what the far left might bring. Last week, after the first vote in a two-round election, the coalition withdrew more than 130 of its candidates from three-way races in which the far right had a chance of winning — and pushed their supporters to vote strategically against far-right candidates.

Organizations: Communists, Socialists, Greens Locations: France

☆ Biden's biggest electoral challenge right now isn't wooing Independents but firming up the Democratic base
▼ + stars: | 2024-07-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

AdvertisementThe latest Journal poll showed Biden and Trump tied at 40% support among Independents, representing a four-point increase for the president and a four-point decline for the ex-president. Related storiesTrump led Biden 48% to 42% among all registered voters questioned in the survey. AdvertisementBut in that same poll, Trump won over 93% of Republicans, a seven-point jump from the February Journal poll. And there's another challenge: The latest Journal survey showed Trump winning 95% of the voters who supported him in 2020. So he'll have to convince swaths of Democratic voters who are skeptical of his effectiveness to also cast ballots for him this fall.

Persons: —, Joe Biden, he'll, Biden, reevaluate, Donald Trump, that's, Trump, — Biden Organizations: Service, Democratic, Bloomberg News, Business, Trump, Independents, Biden, White House, CBS Locations: Gaza

☆ What is the NFP and who will be France’s next prime minister?
▼ + stars: | 2024-07-07 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

Now, it looks set to win the most seats in the French parliament and could provide France with its next prime minister. The NFP is made up of several parties: the far-left France Unbowed party; the more moderate Socialist Party; the green Ecologist party; the French Communist Party; the center-left Place Publique, and other small parties. Going into the second round, it was not clear who the coalition would nominate to be its prime minister. Its most prominent – and divisive – figure is Jean-Luc Mélenchon, a 72-year-old populist firebrand and longtime leader of the France Unbowed party. Announcing his intention to resign Monday as prime minister, Gabriel Attal said, in an apparent swipe to France Unbowed: “No absolute majority can be led by the extremes.

Persons: Emmanuel Macron, “, Olivier Faure, ”, Emmanuel Dunand, Jean, Luc Mélenchon, France Unbowed, Gabriel Attal, Faure, Louise Delmotte, –, Macron Organizations: CNN, Front, NFP, Socialist Party, Ecologist, French Communist Party, Vichy, Getty, Macron’s, Ifop, Parliament, Hamas Locations: France, Paris, AFP, –, Republic, Republique, Palestinian, Israel, Gaza

☆ Analysis: Macron’s gamble has kept the far right out of power, but plunged France into chaos
▼ + stars: | 2024-07-07 | by ( Jerome Taylor | Analysis Sakya Vandoorne | ) edition.cnn.com time to read: +4 min

The bloc brings together five different parties. Far-left France Unbowed and the Communist party has joined with the center-left parties, the socialists and the greens to form a New Popular Front. It’s equally hard to imagine how the current constellation would allow France to play an important role regarding Ukraine. The left has remained relatively quiet on Ukraine - different parties from the coalition have slightly different stances - France Unbowed is against what it calls “escalation” with Russia. Macron’s gamble may have prevented the far right from coming to power, but it could yet plunge the country into chaos.

Persons: CNN — “, Emmanuel Macron, France’s, Jordan Bardella, Macron, Le Pen, it’s Organizations: CNN, la Republique, NFP, France Unbowed, Communist, National Assembly Locations: la, Paris, France, Ukraine, Macron, Russia, Macron’s

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