French voters are preparing to cast their ballots in a snap parliamentary election that could potentially see the far-right National Rally group emerge as the largest party in France’s National Assembly. This unexpected move by French President Emmanuel Macron follows his party’s disappointing performance in the European Parliament elections, where they were defeated by National
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The recent snap presidential elections in Iran have revealed a tight race between a low-key moderate candidate and a protégé of Iran’s supreme leader. The moderate candidate, Massoud Pezeshkian, has garnered over 5.9 million votes, while his hardline challenger, former nuclear negotiator Saeed Jalili, has received over 5.5 million votes. This neck-and-neck competition is reflective
The recent parliamentary election in France has sparked concerns among investors, leading to a rise in the country’s risk premium. According to Citi, while the market has priced in the possibility of a benign outcome or gridlock, two potential scenarios have not been fully accounted for. The far-right Rassemblement National (RN) party and the left-wing
H&M, the world’s second largest retailer, faced a major setback as its shares plunged more than 14% in response to its second-quarter performance. The company reported a smaller-than-expected increase in profits for the period between March and May. Operating profit came in at 7.1 billion Swedish kroner, falling short of the anticipated 7.37 billion Swedish
Despite growing concerns about the U.S.-China relations and the overall business environment, a recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term. The annual survey conducted by the China General Chamber of Commerce in the U.S. revealed that nearly 60% of companies aim to
Chinese Premier Li Qiang recently defended the country’s technological development during the opening of the World Economic Forum’s “Summer Davos” meeting in Dalian, China. He emphasized that China’s rapid advancements in new industries are a result of its unique comparative advantages. These advantages include the country’s large market, industrial network, labor force, diverse application scenarios,
The European Union regulators recently announced that Apple is in violation of new tech regulations due to its restrictions on customers in the App Store. The EU opened an investigation into Apple, Alphabet, and Meta earlier this year under the Digital Markets Act (DMA) to address the dominance of Big Tech companies. The focus of
Recent talks between China and the European Union regarding proposed tariffs on Chinese electric vehicles (EVs) have sparked a dialogue between the two economic powerhouses. The move comes in response to the EU’s concerns about the alleged subsidies received by Chinese companies, leading to an imbalance in the global market. The implications of these discussions
The United States recently issued draft rules aimed at banning or mandating notification of certain investments in the technology sector in China, with a focus on artificial intelligence (AI) and other critical areas that could pose a risk to U.S. national security. These proposed regulations are part of a broader initiative by President Joe Biden
China’s investment in its electric car industry has been substantial, with a total of $230.8 billion spent over the span of more than a decade. This investment accounts for 18.8% of total electric car sales between 2009 and 2023. This significant scale of government support has helped to propel the growth of the industry within