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U.S. government shutdown reaches day four with economic costs mounting
October 05, 2025 Àwòrán tí AI ṣe
The U.S. federal government is in its fourth day of a shutdown due to stalled budget negotiations, affecting national parks, federal workers, and services nationwide. Senate Majority Leader Chuck Schumer highlighted the financial toll, estimating costs at $1.2 billion for paying non-working employees. Prospects for an agreement remain uncertain as partisan divides persist.
Lagarde addresses euro's international role at EU parliament hearing
European Central Bank President Christine Lagarde spoke before the European Parliament's Committee on Economic and Monetary Affairs on October 6, 2025, highlighting the euro area's economic resilience amid global uncertainties. She outlined growth and inflation projections while emphasizing the need to strengthen the euro's global standing. Lagarde called for reforms to enhance Europe's economic foundations and geopolitical position.
Sébastien Lecornu proposes CVAE cut for 2026 budget
October 05, 2025 Ti AI ṣe iroyin
Minister Delegate Sébastien Lecornu announced a proposal to cut the CVAE, a production tax on companies, as part of the 2026 budget. This comes amid rising political pressures before government formation. Calls for compromises with the left, especially the PS, aim to avert a censure motion.
German cabinet approves reforms on police, hospitals and social contributions
October 08, 2025 Ti AI ṣe iroyin
The German cabinet deliberated on Wednesday on modernizing the Federal Police Act, which among other things strengthens drone defense. Changes to hospital reform and higher social contributions for high earners were also approved. Stricter rules for medical cannabis are in focus as well.
Advisors to Katherina Reiche demand deregulation and higher retirement age
October 07, 2025Friedrich Merz optimistic on citizens' income reform
October 09, 2025Cuomo warns of socialism's dangers at New York mayoral forum
October 11, 2025Electricity prices expected to rise slightly this winter
October 11, 2025Putin approves advertising on Russian spacecraft
October 05, 2025US power bills soar and face further increases
October 06, 2025Spain approves multi-billion loan to Airbus for 105 helicopters in Albacete
October 11, 2025Trump unveils drug pricing deal with AstraZeneca
Élisabeth Borne opens door to suspending pension reform
October 09, 2025 Àwòrán tí AI ṣe
Former Prime Minister Élisabeth Borne has suggested suspending the pension reform to ensure national stability amid a post-dissolution political crisis. This proposal, coming from the architect of the 2023 project, draws sharp criticism over its moral and economic implications. Prime Minister Sébastien Lecornu has not ruled it out, while calling for debate.
U.S. government shutdown enters second week over funding dispute
October 08, 2025 Ti AI ṣe iroyin Àwòrán tí AI ṣe
The U.S. federal government shutdown, now in its second week since starting on October 1, 2025, stems from a partisan standoff in the Senate over extending Affordable Care Act premium tax credits. Democrats demand a firm commitment to the subsidies before approving funding, while Republicans push for a clean continuing resolution to reopen the government first. Impacts include flight delays, uncertainty over federal worker pay, and the delay of key economic data.
Spanish Congress unexpectedly approves Sustainable Mobility Law
Spain's Congress approved the Sustainable Mobility Law on Wednesday following a surprise deal with Podemos on Barcelona's El Prat airport. The legislation brings major changes to air, rail, and road transport, delaying key infrastructure expansions until 2031. The Spanish Association of Consumers denounces the agreement as an ideological assault on air transport.
Finance minister criticizes opposition's shadow budgets
October 08, 2025 Ti AI ṣe iroyin Àwòrán tí AI ṣe
Finance Minister Elisabeth Svantesson has dismissed the opposition's shadow budgets as scattered and ungovernable. The four opposition parties – Social Democrats, Left Party, Green Party, and Center Party – have presented their alternatives to the government's 2026 budget. Clear differences emerge within the opposition, especially on benefits and taxes.
Lagarde urges stronger global role for the euro
In a speech in Paris, ECB President Christine Lagarde called for enhancing the euro's international status to turn Europe's openness into economic strength. She highlighted how recent safe-haven flows into the euro amid US turbulence pressured the exchange rate, underscoring the need for deeper markets and integration. Lagarde emphasized that a more global euro could shield exporters and foster resilience against external shocks.