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☆ As Europe teeters further to the far right, the UK is doing the opposite
▼ + stars: | 2024-07-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Sunak, who conceded defeat on Friday morning UK time, will likely be replaced by Labour Party leader Keir Starmer. Labour's rise, largely telegraphed by pre-election polls, makes the UK a clear outlier in this year's political shifts in Western Europe. Still, the far-right faction there, Vox, struggled to gain a foothold, with only 9.6% of the vote, down from 12.4% in 2019. Reform UK party leader Nigel Farage on July 3, 2024.

Persons: —, it's, Rishi Sunak's, Keir Starmer, Starmer, Jeremy Corbyn, he's, Germany's Scholz, Alice Weidel, Tino Chrupalla, Chancellor Olaf Scholz's, Sean Gallup, Scholz, France's, Emmanuel Macron, Macron, FRANCOIS LO, Le, Giorgia, Massimo Di Vita, Archivio Massimo Di Vita, Spain's, Pedro Sanchez's, Vox, Geert Wilders, Nigel Farage's, Farage, Nigel Farage, Dan Kitwood, Richard Wike Organizations: Service, Conservative Party, Labour Party, Business, European Union, Parliamentary, Chancellor Olaf Scholz's Social Democratic Party, Marine, FRANCOIS LO PRESTI, Getty, Italy, June's, Democratic Party, Spain's People's Party, Party for Freedom, Nigel Farage's Reform, Reform, Pew Research Center Locations: Western Europe, Germany, Berlin, France, AFP, Italy, Europe, Netherlands, Clacton

☆ French elections: More than 50 candidates and campaigners physically assaulted ahead of runoff
▼ + stars: | 2024-07-05 | by ( Niamh Kennedy | Emma Leyo | ) edition.cnn.com time to read: +3 min

CNN —French authorities have recorded more than 50 physical assaults on candidates and campaigners on the campaign trail, the country’s Interior Minister Gérald Darmanin said Friday as concerns mount about political violence ahead of France’s high-stakes parliamentary elections. However, we have counted 51 candidates, deputies, or campaigners who have been physically assaulted. The attacks have ranged from the less severe to “extremely serious,” Darmanin said, adding that some candidates have been hospitalised for their injuries. Roughly thirty or so people have been taken in for questioning in relation to the attacks, Darmanin added. In Cherbourg, a center-right candidate from The Republicans party, Nicolas Conquer, made a formal complaint after he claimed he was assaulted by left-wing campaigners on Monday.

Persons: Gérald Darmanin, ” Darmanin, Darmanin, Emmanuel Macron, Prisca Thevenot, Marie Dauchy, Nicolas Conquer Organizations: CNN, BFMTV, National, Republicans, Front, NFP, Interior Ministry, National Assembly Locations: “, France, Savoie, Cherbourg

☆ Le Pen promises French far-right will rein in aid to Ukraine, slams soccer star Mbappé
▼ + stars: | 2024-07-05 | by ( Joseph Ataman | ) edition.cnn.com time to read: +9 min

Le Pen: Mbappé not representativeLe Pen directed most of her ire closer to home. “I’m not contesting the existence of these comments,” Le Pen said, referring to the accusations levelled against her candidates. Top of the list of sensitivities is likely to be foreign policy, where Le Pen and Macron rarely see eye to eye. Many held similar suspicions ahead of the election of hard-right culture warrior Italian Prime Minister Giorgia Meloni in 2022. “It’s a form of interference, and in that sense, I find it unacceptable,” Le Pen said of the post.

Persons: Emmanuel Macron’s, Emmanuel Macron, ”, CNN’s Christiane Amanpour, Kylian Mbappé, Le Pen, Macron, Le, Jordan Bardella, CAESAR, Roman Pilpey, Pen, Mbappé, “, ” Mbappé, “ It’s, Kylian, Franck Fife, ” Le Pen, Bardella, CNN Le, Florent de Kersauson, Daniel Grenon, Grenon, “ I’m, “ That’s, Francois Lo Presti, Vladimir Putin, She’s, Putin, Giorgia Meloni, she’s Organizations: Paris CNN —, CNN, Macron, soccer side’s, Ukraine, National Rally, National Assembly, National, 55th Artillery Brigade, Getty, CNN Le Pen’s, BFMTV, Kyiv, ” Locations: Ukraine, Russia, France’s, Donetsk, AFP, Washington, Kyiv, France, Paris, Hamburg, Germany, Algeria, Cameroon, United States, Brittany, “, ”, Henin, Beaumont, Brussels, Crimea, 2014, Russian, Italian, There’s, Moscow

People celebrate exit poll results at a "Stop The Tories" election afterparty in London, on July 4. Suzanne Plunkett/ReutersThe United Kingdom’s decision to hand the center-left Labour Party a parliamentary majority, according to the exit poll, comes at the same time Europe is broadly in the grip of what some call a right-wing populist surge. Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Farage’s political success to date has all come without him holding a parliamentary seat. An odd quirk of British politics is that the percentage of votes a party gets doesn’t necessarily translate to seats.

Persons: Suzanne Plunkett, Emmanuel Macron, Benito Mussolini, Euroskepticism, Nigel Farage, Donald Trump, Keir Starmer, Starmer’s, Farage, Starmer Organizations: United, Labour Party, Parliament, European, Conservative Party, Reform, Conservatives, Labour Locations: London, Europe, Netherlands, Italy, Britain, British

People celebrate exit poll results at a "Stop The Tories" election afterparty in London, on July 4. Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Farage’s political success to date has all come without him holding a parliamentary seat. It is possible that Farage’s splitting of the right has actually helped Starmer increase his majority in parliament. An odd quirk of British politics is that the percentage of votes a party gets doesn’t necessarily translate to seats.

☆ Forget right or left. Voters are sick of whoever's in charge.
▼ + stars: | 2024-07-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Though some say right-wing movements are on the rise globally, in this year's elections, that's not universally the case. Andy Soloman/UCG/Universal Images Group via Getty ImagesIn short, voters are just fed up — no matter who's in charge. Voters want a chanceGlobally, it's not hard to see an anti-establishment, anti-incumbency trend playing out. So-called "double haters" — voters who dislike both Trump and Biden — have made up an influential chunk of the electorate in recent polls.

Persons: —, that's, Brian Greenhill, Rishi Sunak's, Andy Soloman, Greenhill, Keir Starmer, Rishi, Emmanuel Macron's, Narendra Modi's, Yoon Suk, Joe Biden, Donald Trump, de, Richard Wike, Sweden —, Wike, Mike Kemp, there's, Biden —, Biden, it's Organizations: Service, Business, SUNY, Environmental, Getty, Voters, Labour, Conservative Party, Reuters, African National Congress, NPR, de Maismont, Pew's, Research, Pew Research, Trump Locations: India, France, SUNY Albany, South Korea, —, United States, AFP, Canada, Germany, Greece, Italy, Japan, Netherlands, Spain, Sweden, America

☆ Who is Jordan Bardella and what might his far-right party do in power?
▼ + stars: | 2024-07-04 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Handpicked as leader by National Rally (RN) doyenne Marine Le Pen in an effort to purge the far-right party of its racist and antisemitic roots, Bardella has taken it closer to the gates of power than ever before. Whether the RN forms a government and Bardella becomes prime minister after the July 7 runoff is not clear. So, who is Bardella, and what might his party do in power? Le Pen and Bardella address a crowd of RN supporters in Paris, after Macron called a snap election, June 9, 2024. When the prime minister and president belong to different parties – in a rare arrangement known as “cohabitation” – things can grind to a halt.

Persons: CNN — Jordan, –, Bardella, Emmanuel Macron’s, France’s, Denis, Le Pen, Le Pen’s, Louis Aliot, Le, Macron, Julien De Rosa, Freed, Jean, Marie Le Pen, Franco, Paris Anne Hidalgo, Luc Mélenchon, ” Bardella, Julien de Rosa, Gabriel Attal, ” Mujtaba Rahman, Mario Draghi, Giorgia Meloni, Benito Mussolini, Matteo Salvini, Vladimir Putin, Antonio Masiello, Hungary’s Viktor Orban –, Macron – Organizations: CNN, National Rally, National Assembly, Front, Sorbonne university, Getty, Macron’s Ensemble, Immigrants, Ministry of, Armed Forces, New Popular Front, EU, Eurasia Group, European Union Locations: Paris, France, Europe, Seine, Macron, AFP, Vichy, Spanish, Brussels, Italy, Ukraine, Kyiv, Russia

☆ Fears mount over election-linked violence in France after government spokesperson attacked on campaign trail
▼ + stars: | 2024-07-04 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —Concerns are growing about political violence ahead of high-stakes parliamentary elections in France after a series of lawmakers were attacked on the campaign trail this week. French government spokesperson Prisca Thevenot and her team came under attack while canvassing on Wednesday night, the latest in a string of violent incidents involving French lawmakers contesting Sunday’s parliamentary elections. Four people have been taken in for questioning regarding the incident, Interior Minister Gérald Darmanin told French television station France 2 on Thursday morning. Acknowledging that violence has been linked to both the far-right and far-left camps, Bardella vowed, if appointed, to be a prime minister who “re-establishes order” in France. An additional 30,000 police officers and gendarmes will be deployed across France on Sunday night in the event of public disorder, Darmanin said Thursday.

Persons: Prisca Thevenot, Marie Dauchy, Nicolas Conquer, Emmanuel Macron, Gérald Darmanin, Thevenot, ”, Jordan Bardella, ” Bardella, CNN’s, Bardella, “, Gabriel Attal, Darmanin Organizations: CNN, National, Republicans, Macron’s, France, BFMTV, Incumbent, Front, NFP, Interior Ministry, National Assembly Locations: France, Savoie, Cherbourg, Thevenot

☆ Kylian Mbappé calls first round of French elections ‘catastrophic’ after country’s lurch to the far-right
▼ + stars: | 2024-07-04 | by ( Julen Chavin | ) edition.cnn.com time to read: +3 min

CNN —Soccer star Kylian Mbappé has called the first round of French elections “catastrophic” after last Sunday’s results saw the country lurch towards the far-right with anti-immigration party National Rally (RN) leading first place. The captain for France’s national soccer team, who is preparing for Les Bleus’ Euro 2024 quarterfinal against Portugal in Hamburg on Friday, urged the French public to vote saying “now more than ever” it was needed. If the RN assumes power, it would become the first far-right party to enter the French government since World War II – although nothing is certain ahead of Sunday’s second round. This isn’t the first time that Mbappé has spoken about French politics while he’s been with the French national soccer team at Euro 2024. “And that is why I want to talk to the whole of the French people, but also the youth.

Persons: Kylian Mbappé, Les, “, ” Mbappe, Emmanuel Macron’s, Mbappé, ”, he’s, ” Mbappé, Mbappé’s Les, Jules Kounde –, ” Kounde, CNN’s Niamh Kennedy, Saskya Vandoorne Organizations: CNN — Soccer, National, soccer team, Les Bleus, Portugal, Front, NFP, French national soccer, Reuters Locations: Hamburg, Germany, France, Sunday’s, Algeria, Cameroon, Belgium

☆ As Europe turns right, why is a center-left party projected to win by a landslide in the UK?
▼ + stars: | 2024-07-04 | by ( Luke Mcgee | ) edition.cnn.com time to read: +3 min

Last month’s European elections saw a historic number of lawmakers from hard-right and far-right parties elected to the European Parliament. Italy is led by the most right-wing leader since the rule of fascist wartime leader Benito Mussolini. Reform UK party leader Nigel Farage speaks to the crowd of supporters on July 3 in Clacton-on-Sea, England. Farage’s political success to date has all come without him holding a parliamentary seat. It is possible that Farage’s splitting of the right has actually helped Starmer increase his majority in parliament.

Persons: Emmanuel Macron, Benito Mussolini, Euroskepticism, Nigel Farage, Dan Kitwood, Donald Trump, Keir Starmer, Starmer’s, Farage, Starmer Organizations: CNN, Labour Party, Parliament, European, Conservative Party, Reform, Conservatives, Labour Locations: Europe, Netherlands, Italy, Britain, British, Clacton, England

☆ Israel Kills a Top Commander of Hezbollah, Which Replies With a Rocket Barrage
▼ + stars: | 2024-07-03 | by ( Euan Ward | Thomas Fuller | ) www.nytimes.com time to read: +1 min

Israeli forces killed a senior Hezbollah commander on Wednesday in a drone strike in southern Lebanon, prompting the Lebanese militia to retaliate with a heavy rocket barrage across the border. The flare-up came as Western diplomats worked to avoid a full-scale war between Israel and Hezbollah, a danger that appears to have grown in recent weeks. Cross-border exchanges of fire have intensified, and Israeli officials have publicly spoken of shifting their military focus from Hamas in the Gaza Strip to Hezbollah, a far more advanced and potent threat. Jean-Yves Le Drian, President Emmanuel Macron’s special envoy to Lebanon, was among the people with whom he met, according to a person close to the talks, who spoke on the condition of anonymity to discuss sensitive diplomacy. He said Mr. Nasser had led Hezbollah’s Aziz unit, one of the group’s main fighting forces along the Lebanese border.

Persons: Amos Hochstein, Jean, Yves Le Drian, Emmanuel Macron’s, Mohammad Naameh Nasser, Abu Naameh, Mr, Nasser, Hezbollah’s Aziz Organizations: Hezbollah, White, U.S, French Locations: Lebanon, Western, Israel, Gaza, tamping, Paris, Lebanese

☆ The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming
▼ + stars: | 2024-07-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In France, political turmoil has exacerbated concerns about the country’s debt, sending bond yields, or returns demanded by investors, soaring. “Many (politicians) are not willing to talk about the hard choices that are going to need to be made. Despite growing alarm over the federal government’s debt pile, neither Joe Biden nor Donald Trump, the main 2024 presidential candidates, are promising fiscal discipline ahead of the election. Former Prime Minister Liz Truss triggered a collapse in the pound in 2022 when she tried to force through big tax cuts funded by increased borrowing.

Persons: ” Roger Hallam, Karen Dynan, ” Kenneth Rogoff, ”, don’t, Joe Biden, Donald Trump, Biden, Paul Johnson, William Ruto, Liz Truss, hasn’t, Emmanuel Macron, Dynan, it’s Organizations: London CNN, Monetary Fund, Investors, Vanguard, CNN, US Treasury, Harvard Kennedy School, Harvard University, “, Congressional, CBO, Trump, Fiscal Studies, United Kingdom, Former Locations: United States, France, Germany, Kenya

☆ Hundreds of candidates drop out of French election runoff in last gasp bid to keep far right from power
▼ + stars: | 2024-07-02 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +4 min

They’ve put aside their differences with one goal in mind: to keep the far right firmly away from the 289 seats required for an absolute majority currently within their reach. By Tuesday, as the deadline to drop out closed, fewer than 100 remain, after centrist and left-wing candidates strategically dropped out in individual seats. This tactic could stop some RN candidates from winning, according to analyst Antoine Bristielle. Macron’s Ensemble allies also called on their supporters to prevent the far right taking office, but some warned against lending their votes to the hard-left France Unbowed, a party inside the NFP. “I’ve taken the difficult decision to withdraw … leaving it up to my voters to position themselves against the far right or far left,” Samuel Deguara, a candidate from Macron’s camp said after withdrawing.

Persons: Emmanuel Macron’s, They’ve, Antoine Bristielle, Nathan Laine, ” Bristielle, Leslie Mortreux, Gérald Darmanin, Bruno Le Maire, “ I’ve, ” Samuel Deguara, Pen, ” Le Pen, Perpignan Louis Aliot, Dimitar Dilkoff, Jordan Bardella Organizations: CNN, Republique, Bloomberg, Getty, National, NFP –, NFP, Macron’s, France Unbowed, . Finance, …, Rassemblement National, Perpignan Locations: Antoine Bristielle ., Paris, France, AFP

☆ Viktor Orban, Putin’s greatest European ally, makes first trip to Kyiv since start of war
▼ + stars: | 2024-07-02 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

According to Zhovkva, Kyiv’s number one tool to end hostilities is through a second peace summit, which Ukraine is already preparing for. “We are saying that Ukraine will draft its peace plan, a roadmap for establishing peace in Ukraine. Orban also stated his desire to improve relations between Budapest and Kyiv, which have been strained by the Hungarian leader’s close relationship with Putin. Tuesday’s meeting comes as Orban and Hungary take control of the EU Council’s rotating presidency, which changes every six months. The agenda for that event is expected to be dominated by long-term plans to support Ukraine and conversations about its eventual accession to the alliance.

Persons: Viktor Orban, Volodymyr Zelensky, ”, Zelensky, Orban, Vladimir Putin, “, ” Orban, Ihor Zhovkva, Orban “, ” Zelensky, Emmanuel Macron’s, Zhovkva, Putin, Donald Trump’s, Zoltan Fischer Organizations: CNN, Russian Federation, United, EU, White, NATO, Political Locations: Hungarian, Kyiv, Moscow, Ukraine, Hungary, Russian, Budapest, Russia, United Nations, Crimea, Tuesday’s, Washington , DC, Ukrainian, United Kingdom

☆ Deepfake video targeting Zelensky’s wife linked to Russian disinformation campaign, CNN analysis shows
▼ + stars: | 2024-07-02 | by ( Gianluca Mezzofiore | ) edition.cnn.com time to read: +5 min

Yet, it gathered some 18 million views in 24 hours on X, where it was reposted by pro-Russian influencers. A CNN analysis shows Verite Cachee was set up recently, on June 22, 2024, and some of its pages still have prompts with AI to create fake articles at the top of the piece. They then integrate the story through social media, starting with real pro-Russian influencers who are part of their network,” he told CNN. A report by Recorded Future, a leading cybersecurity company, also identified Veritee Cachee as being part of the same disinformation network. Given the size and resources of the network, it is likely some Russian support or financing is happening, Clément Briens, a senior threat intelligence analyst at the company, told CNN.

Persons: Volodymyr Zelensky, Olena Zelenska, Clément, Bugatti, Autofficina Parigi, “, ”, deepfakes, Cachee, Darren Linvill, they’ve, Patrick Warren, Zelenska, Veritee, Zelensky, Biden, ” Briens, Emmanuel Macron Organizations: London CNN, Bugatti, Lovers Group, Group, Schumacher, Bugatti Paris, CNN, Clemson University’s, YouTube, “, Clemson, DC Weekly, NATO Locations: Paris, Russian, France, Ukraine, “, Linvill, Cartier, New York, Europe

☆ France, With Elections, Is Headed for Disaster - The New York Times
▼ + stars: | 2024-07-02 | by ( Philippe Marlière | ) www.nytimes.com time to read: +2 min

On Sunday, in the first round of voting, the far-right National Rally topped the poll and the left-wing New Popular Front coalition finished second. Under a system of “cohabitation” with the president, National Rally would be in power, free to carry out its hard-line anti-migrant agenda. The more likely scenario, however, is that National Rally falls short of a majority, leaving France with a hung parliament. With a weakened Mr. Macron atop a fractious and uncooperative assembly, France would enter a profound political crisis with no remedy in sight. In the event of a hung parliament, Mr. Macron would have very few options.

Persons: Emmanuel Macron, Macron, Jordan Bardella Organizations: Popular Front, National Assembly, National, Republicans, New Locations: France, Sunday’s, Vichy

☆ Chez Michou: Parisian drag cabaret club shuts its doors after 68 years
▼ + stars: | 2024-07-02 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —A Parisian drag cabaret club that has hosted singers such as Liza Minnelli and Serge Gainsbourg is closing its doors due to financial struggles. Michou was still running his club when he died in February 2020. In recent years, however, the club came into financial difficulty, and will now be unable to honor its bookings for the coming months. Georges Bendrihem/AFP/Getty Images“We are deeply sorry to have to cancel our performances and for any inconvenience this may cause,” the club told its patrons on Facebook Monday. In its announcement, the club paid special tribute to its patrons who they called “part of the Cabaret Chez Michou family,” adding: “Whatever happens, you will always have a place in our hearts.”

Persons: Liza Minnelli, Serge Gainsbourg, Chez Michou, Michel Catty, Michou, Emmanuel Macron, Helene Pambrun, “, Robin Williams, Georges Bendrihem, Catherine Catty, ” Jacquart Organizations: CNN, Hollywood, Getty, Facebook, French, AFP, Olympic Locations: Montmartre, France, Paris, Liege, Belgium, AFP

☆ France’s far right may be on the brink of power after Macron’s gamble backfired. Here’s what comes next
▼ + stars: | 2024-07-01 | by ( Saskya Vandoorne | Camille Knight | ) edition.cnn.com time to read: +5 min

French President Emmanuel Macron’s centrist alliance was crushed on Sunday after the far-right National Rally (RN) party surged in the first round of the country’s parliamentary elections. It would then become the first far-right party to enter the French government since World War II – although nothing is certain ahead of Sunday’s second round. “Tonight is not a night like any other,” Prime Minister Gabriel Attal said solemnly in an address to the French. The left-wing New Popular Front has announced that it will withdraw all candidates who came in third to help prevent far-right candidates from getting elected. A loss would force Macron to nominate a prime minister from whichever party wins – putting a political opponent in charge of running the government.

Persons: Emmanuel Macron’s, Gabriel Attal, It’s, “, Italy’s Giorgia, Hungary’s Viktor Orban, Vladmir Putin, Le Pen, Vladimir Putin, Macron, Jordan Bardella, Bardella Organizations: Paris CNN, New, Ensemble, ”, European Union, Russian, NATO, National Assembly Locations: Sunday’s, Europe, Ukraine, Russian, France

☆ The Center Collapses in France, Leaving Macron Marooned
▼ + stars: | 2024-07-01 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

An era has ended in France. The seven-year domination of national politics by President Emmanuel Macron was laid to rest by his party’s overwhelming defeat in the first round of parliamentary elections on Sunday. But Mr. Macron, risking all by calling the election, did end up guaranteeing that he will be marginalized, with perhaps no more than a third of the seats his party now holds. In 2017, Mr. Macron, then 39, swept to power, eviscerating the center-right Gaullists and the center-left socialists, the pillars of postwar France, in the name of a 21st-century realignment around a pragmatic center. It worked for a while, but increasingly, as Mr. Macron failed to form a credible moderate political party, the result has been one man and a shrinking circle of allies standing against the extremes of right and left.

Persons: Emmanuel Macron, Macron, ”, Édouard Philippe, Macron’s Organizations: National Assembly Locations: France

☆ After France's right-wing surge, parties seen scrambling to block a National Rally win
▼ + stars: | 2024-07-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Left-wing and centrist parties in France are scrambling to block the rival National Rally from winning the ongoing parliamentary election, according to analysts, after support for the far-right faction surged in the first electoral round on Sunday. Figures posted on Monday morning by the French Interior Ministry showed that the far-right National Rally (RN) and its allies had secured a combined 33.1% of votes, while the left-wing New Popular Front (NFP) alliance won 28% and French President Emmanual Macron's centrist Together bloc garnered 20%. The outcome of the first round of the election has led to discussions from left-wing and centrist politicians about how to minimize the amount of parliamentary seats secured by the RN in the second round of voting on July 7. "Our objective is clear: to prevent the National Rally from having an absolute majority in the second round, from dominating the National Assembly and from governing the country with the disastrous project that it has," French Prime Minister Gabriel Attal, a Macron ally, wrote on social media platform X late on Sunday according to a CNBC translation. "I say it with the force that the moment demands to each of our voters: not a single vote must go to the National Rally," he added.

Persons: Danielle Simonnet, NUPES, LFI, Celine Verzeletti, Jean Luc Melenchon, Emmanual, Gabriel Attal Organizations: La France, National Rally, French Interior Ministry, Front, National Assembly, CNBC, National Locations: Paris, France

☆ Far Right’s Surge in France Lays Bare Deep Divisions
▼ + stars: | 2024-07-01 | by ( Catherine Porter | ) www.nytimes.com time to read: +1 min

For many, France feels like a very different place on Monday. The results from the first round of legislative elections, held on Sunday, revealed a country deeply fractured, with a surging far right winning a record number of votes and the near collapse of President Emmanuel Macron’s centrist party. “The far right at power’s door,” the cover of Le Parisien, a daily newspaper, pronounced the morning after the first half of the snap election called by Mr. Macron. “Twelve million of our fellow citizens have voted for a far right party that is clearly racist and anti-Republican,” the left-leaning Libération newspaper declared in an editorial, referring to Marine Le Pen’s National Rally party. If the National Rally takes an absolute majority in the runoff on Sunday, Mr. Macron will be forced to appoint a prime minister from its ranks, who will in turn form a cabinet.

Persons: Emmanuel Macron’s, Le Parisien, Macron, ” Organizations: Republican, Rally Locations: France

☆ Here’s What to Know About France’s Snap Election
▼ + stars: | 2024-07-01 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

President Emmanuel Macron’s risky decision to call snap legislative elections in France has backfired badly, enabling the far right to dominate the first round of voting held on Sunday. France is in unpredictable territory, with the future of Mr. Macron’s second term at stake. Why did Macron call for snap elections? When Mr. Macron was elected to a second term in 2022, his party failed to win an outright majority. The centrist coalition he formed has since governed with a slim majority, but it has struggled to pass certain bills.

Persons: Emmanuel Macron’s, Macron’s, Jordan Bardella, Macron Organizations: National Assembly Locations: France

☆ European markets head for higher open as investors digest French election's first round results
▼ + stars: | 2024-07-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. LONDON — European stocks are expected to start the new trading week higher as investors in the region digest the results of the first round of France's snap parliamentary election. European markets will be reacting to the results of the first round of the snap parliamentary election in France in which there was a sharp upswing in votes for the anti-immigrant National Rally party. Initial results point to it struggling for an absolute majority in the second round of voting that takes place on July 7, however. Overnight, Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan's business confidence readings.

Persons: Christophe Versini, Jordan Bardella, Germany's DAX, Emmanuel Macron's Organizations: Rassemblement National, LONDON, CAC, IG, National Rally, British Foods Locations: France, Asia, Pacific, China

☆ French stocks jump 2.5% as far right takes election lead but seen falling short of majority
▼ + stars: | 2024-07-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Dimitar Dilkoff | Afp | Getty ImagesFrench stocks staged a relief rally early Monday after results from the first round of the nation's snap election raised expectations of a hung parliament. The far-right National Rally party and its allies won 33.1% of the vote, the left-wing NFP alliance was second with 28% and Macron's coalition secured 20%, France's Interior Ministry said Monday. Stock Chart Icon Stock chart icon CAC 40 index. Stock Chart Icon Stock chart icon Euro/U.S. National Rally is hoping it will be the party's 28-year-old leader, Jordan Bardella.

Persons: Jordan Bardella, Gabriel Attal, Manuel Bompard, Dimitar Dilkoff, Sebastian Paris Horvitz, CNBC's, Matthew Ryan, —, Emmanuel Macron, Macron, Horvitz Organizations: Rassemblement National, France's, France, TF1, Afp, Getty, NFP, La Banque Postale Asset Management, Citi, National, U.S ., National Assembly, — Locations: London, France, Europe

☆ The odds of Macron not completing his presidential term have 'gone significantly up': EY Parthenon
▼ + stars: | 2024-07-01 | 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 EmailThe odds of Macron not completing his presidential term have 'gone significantly up': EY ParthenonFamke Krumbmuller of EY Parthenon discusses the initial exit polling results of the first round of the France parliamentary elections.

Persons: Macron Locations: France

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