France’s worsening unrest is exposing how difficult it could be for the government to rein in spending and restore confidence in its battered bond market. Mass protests over rising living costs and poor school conditions swept across France over the weekend, with violence and looting breaking out in several cities. Shops were ransacked in Paris
Thierry Cotillard, chairman of Les Mousquetaires, a French retail group that owns the Intermarché supermarket brand, called the looting “unacceptable” in a LinkedIn post. “We cannot trivialize these scenes,” he said. “We cannot accept that violence becomes a response, that destruction becomes a mode of expression and that those who work honestly become the collateral
Last month’s announcement from the Dutch central bank that it was moving gold from North America to Europe added to the trend of a global redistribution of reserves. The New York Fed has long served as the custodian of the gold on behalf the U.S. government, foreign governments, other central banks, and official international organizations.
President Donald Trump is still playing hardball with Russia, according to US Department of Energy Secretary Chris Wright. Wright defended Trump’s decision to waive sanctions on Russia during a Sunday interview on CNN’s “State of the Union with Jake Tapper and Dana Bash.” In September, Trump signed into law a sanctions package targeting Russian officials
Nationwide protests over the high cost of living roiled France on Saturday, adding to turmoil over public spending and debt ahead of a critical vote in the National Assembly. Rioting broke out in some cities as luxury boutiques and supermarkets were looted while public buildings were defaced and even set on fire. That followed mass demonstrations
The federal government’s fiscal year ended last month, and the final tally offered another stark warning about the trajectory of U.S. debt. According to Treasury Department data released on Friday, the federal budget deficit widened to $1.99 trillion, 12% worse than the $1.78 trillion gap in fiscal 2025. That came as revenue increased 3% to $5.4
