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The next French government will inherit resilient growth

(Bloomberg) — The French economy is expected to grow steadily this year, easing fiscal challenges for the next government after snap elections left parliament deadlocked and uncertainty about future fiscal policy high. Most read from Bloomberg Gross domestic product will grow 1.1% in 2024, matching last year’s pace, according to forecasts published by Insee, which […]

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Expats rate Vietnam as most affordable country for 2024

(Source) Vietnam has secured its number 1 position in the Personal Finance Index for 2024, and is recognized as the most affordable country for expats, according to InterNations’ Expat Insider 2024. The Southeast Asian country has been ranked as the most affordable country for expats since the Expat Insider’s 2022 edition. The numbers: InterNations investigated

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Philippines steps up defense spending as China row continues

(Bloomberg) — The Philippines continues to increase its defense spending as it seeks private sector support to protect the country’s claims in the disputed South China Sea. Most read from Bloomberg Defense Minister Gilberto Teodoro said he is pushing for his department’s budget to rise to more than 1% of economic output, excluding military pensions.

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Thailand confirms new senators in first race after 2014 coup

(Bloomberg) — Thailand’s election commission has certified the results of the first Senate elections since a 2014 coup, clearing the way for new lawmakers to replace the previous military-appointed upper house of parliament after a complicated selection process last month. Most read from Bloomberg The 200 winners of the Senate race will have to collect

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Malaysian opposition faces hurdle in bid for new by-elections

(Bloomberg) — A Malaysian opposition party’s attempt to force six more by-elections has hit a stumbling block, leaving stability in the prime minister’s court Anwar Ibrahimcoalition government. Most read from Bloomberg The Speaker of the Malaysian Parliament has ruled that six former Bersatu members will be allowed to keep their seats, the Bersatu president said

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Blacklisted and muzzled: Maduro’s biggest rival cannot be stopped

(Bloomberg) — Most read from Bloomberg Despite Nicolas Maduro‘s best efforts, Maria Corina Machado is everywhere. The Venezuelan opposition leader, who will not appear on the presidential ballot later this month, has prompted the ruling party to stop the fervor behind her. She has united a long-divided opposition coalition that once shut her out. But

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Most French say country is ‘ungovernable’ after vote, poll shows

(Bloomberg) — France has become ungovernable after snap parliamentary elections, leaving the country with a deeply divided parliament and no clear path to a stable government, three-quarters of respondents in an Elabe poll said. Most read from Bloomberg The survey also found that 71% of the 1,002 adults surveyed were dissatisfied with the outcome of

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More than 40 activists in UAE sentenced to life for ‘terror’ crimes

A court in the United Arab Emirates has sentenced 43 activists to life in prison after finding them guilty of terrorism offences. According to state media, the Federal Court of Appeal in Abu Dhabi convicted the suspects of “setting up a terrorist organization”. United Nations experts and human rights organizations have strongly criticized the mass

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Uncertainty in French business has increased during the turbulent elections

(Bloomberg) — Uncertainty among French entrepreneurs has increased amid snap elections, with companies worried about investment and the potential for rising labor costs, the central bank’s monthly survey showed. Most read from Bloomberg The July reading, based on a text-mining of business leaders’ reactions, reached the highest level since the 2022 energy crisis in industry,

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EU approves €10.4 billion in government aid for Air France-KLM

An Air France-KLM plane stands on the apron of Berlin Brandenburg Willy Brandt Airport. Soeren Stache/dpa-Zentralbild/dpa The European Commission announced on Wednesday that Dutch and French support measures worth a total of €10.4 billion for Air France-KLM have been approved. The Commission initially approved the aid in May and July 2020 under the Temporary Covid

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