Latest in FirstFT: UK manufacturing confidence slumps after Rachel Reeves’ Budget
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Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
French government topples after losing no-confidence vote. What happens next.
France could be set for months of potentially market-roiling political uncertainty after a no-confidence vote ousted the minority coalition government led by Prime Minister Michel Barnier.MarketWatch - Dec. 4 -
French government toppled in no-confidence vote brought by opposition
The French government has been ousted in a vote of no-confidence, plunging the euro zone's second-largest country into deep political and economic uncertainty.CNBC - Dec. 4 -
French government is toppled in no-confidence vote
The French government was toppled Wednesday after far-left and far-right lawmakers joined forces to pass a no-confidence measure against Prime Minister Michel Barnier and his Cabinet.NBC News - Dec. 4 -
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France in political crisis after no-confidence vote topples government
Minority coalition of PM Michel Barnier falls after three months, the shortest of any administration of France’s Fifth Republic. France has been plunged into political crisis after a ...The Guardian - Dec. 4 -
Hegseth slams 'manufactured media takedown' of him in WSJ op-ed
Pete Hegseth, President-elect Trump's pick to lead the Defense Department, condemned the press for what he described as a "manufactured media takedown" of him. "The press is peddling anonymous ...The Hill - Dec. 4 -
Five things we learned from the Scottish Budget
Scrapping the two-child cap and changes to tax thresholds are among plans for the next financial year.BBC News - Dec. 4 -
Inside France's impending no-confidence vote
A no-confidence vote will be held in France Wednesday in a bid to remove French Prime Minister Michel Barnier after Barnier tried to force through a budget bill without a vote. CBS News reporter ...CBS News - Dec. 4 -
Trump taps ex-aide Peter Navarro for senior counselor on trade and manufacturing
President-elect Trump on Wednesday named his once-jailed former aide Peter Navarro as senior counselor for trade and manufacturing to the incoming White House, picking a loyal ally to help ...The Hill - Dec. 4 -
Hormel’s stock slumps as sales are still being hurt by weak turkey prices
Hormel was impacted by lower prices for whole-bird turkeys this year, as well as a production interruption at a Planters facility in Virginia.MarketWatch - Dec. 4 -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - Dec. 4 -
Lloyds boss warns of UK ‘investability problem’ after motor finance ruling
Sector left reeling after court backs consumer complaints about ‘secret commissions’ on car loansFinancial Times - Dec. 4 -
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GOP’s ambitious budget plan faces internal divisions
Republican senators warn incoming Senate Majority Leader John Thune’s (R-S.D.) ambitious proposal to tackle President-elect Trump’s agenda faces an array of disagreements within their party over ...The Hill - Dec. 4 -
FirstFT: South Korea’s Yoon Suk Yeol faces calls to resign after failed martial law order
Also in this newsletter, France’s Michel Barnier faces no-confidence vote, and Bank of England governor hints at rate cutFinancial Times - Dec. 4 -
Contentious budget plans are wreaking political havoc across Europe
Post-pandemic fiscal rules are putting pressure on even the most hawkish EU members in the euro zone.CNBC - Dec. 4 -
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Scottish Budget presents huge challenges for SNP
Finance Secretary Shona Robison is preparing to set out her spending plans for next year.BBC News - Dec. 4 -
Vivek Ramaswamy Calls Out Loans for Electric Vehicle Manufacturing
Ramaswamy will co-lead the planned Department of Government Efficiency along with Tesla CEO Elon Musk. One of the loans is for Rivian, a Tesla competitor.Inc. - Dec. 3 -
Yellowknife city council drops city-run dog pound from budget
Yellowknife city council removed $550,000, intended to operate its own dog pound, from the city's draft budget on Monday.Council made the unanimous decision as part of its budget review. The city's ...Yahoo Sports - Dec. 3 -
L.A. rethinking LeBron's 82-game goal amid slump
LeBron James' recent struggles have the Lakers rethinking the initial goal to have him play in all 82 regular-season games.ESPN - Dec. 3 -
Michel Barnier defends budget in TV interview as government faces no confidence vote on Wednesday – live
Minority government of prime minister faces near-certain defeat in a no-confidence vote that could spark crisis. The Libertés, indépendants, outre-mer et territoires (Liberties, Independents, ...The Guardian - Dec. 3 -
LeBron James, mired in shooting slump, is finally showing real signs of decline as he nears his 40th birthday
LeBron James has missed all 19 of his 3-point attempts over his last four gamesCBS Sports - Dec. 3 -
Ms. Rachel, YouTube Star, Is Creating a Holiday Toy Frenzy
Rachel Accurso might be this era’s Mister Rogers, if he had been on YouTube, TikTok and Instagram. Toy companies and publishers all want a piece of the action.The New York Times - Dec. 3 -
Husband of UK royal took own life after ‘adverse effects of medication’
Coroner says evidence suggests Thomas Kingston, who was married to Lady Gabriella, had a ‘lack of suicidal intent’. The son-in-law of Prince and Princess Michael of Kent killed himself after ...The Guardian - Dec. 3 -
China bans exports to U.S. of some materials for electronics manufacturing
China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS ...CBS News - Dec. 3 -
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Job openings totaled 7.74 million on the month, up 372,000 from September.CNBC - Dec. 3 -
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Available jobs rose in October while hiring fell during a month in which payrolls growth hit their lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday.NBC News - Dec. 3 -
Barnier to face no-confidence vote on Wednesday
French government likely to fall after just 3 months in office over PM’s attempt to force through budget measuresFinancial Times - Dec. 3 -
Dozens of Tamils arrive in UK after three years stranded on Diego Garcia
Lawyers and campaigners hail removal of 47 people from remote Indian Ocean island as ‘a big day for justice’. Dozens of people stranded in hellish conditions for more than three years on the remote ...The Guardian - Dec. 3 -
French Government Faces No-Confidence Vote Over Budget Bill
Prime Minister Michel Barnier pushed a budget bill through the lower house of Parliament without a vote. A no-confidence vote this week could topple him and his cabinet.The New York Times - Dec. 3 -
'I get £770 a month - what's in the Scottish Budget affects everything'
BBC News Scotland has been speaking to people about what they want - and what they fear - from the Budget.BBC News - Dec. 3 -
Back budget or Wales could lose £1bn, FM warns
Eluned Morgan warns Wales could lose significant funding if opponents do not help her pass a budget.BBC News - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
FirstFT: Critics see chance to close US accounting regulator
Also in this newsletter, Nato’s new chief warns of ‘dire threat’ of a bad Ukraine peace deal and China hits back against chip sanctionsFinancial Times - Dec. 3 -
French government faces no-confidence vote over Barnier's austerity budget
French Prime Minister Michel Barnier is bracing for a no-confidence vote this week, a political reckoning poised to topple his fragile government and send shockwaves across the eurozoneABC News - Dec. 2 -
French government teeters after PM Barnier forces through budget
Michel Barnier is unlikely to survive a no-confidence vote, tabled by left and far-right parties.BBC News - Dec. 2 -
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What will happen if France’s government loses no-confidence vote?
Decision to push through budget has led to censure motions from left and far-right that could trigger fresh political crisis. French government faces no-confidence vote on Wednesday . France’s ...The Guardian - Dec. 2
