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France Erupts in Nationwide Protests Over Austerity Plans

  Tens of thousands of demonstrators flooded the streets of France on October 2, 2025, in a powerful show of resistance against proposed government spending cuts. Organized by major trade unions including the CGT and CFDT, protests took place in over 240 cities and towns, with Paris, Dijon, Metz, Poitiers, and Montpellier among the key hotspots. The unrest comes amid political uncertainty, as newly appointed Prime Minister Sébastien Lecornu works to form a cabinet and navigate contentious budget negotiations. Protesters are demanding increased investment in public services, a reversal of pension reforms, and higher taxes on the wealthy. The proposed 2026 budget, which includes a €44 billion reduction in public spending, has sparked widespread concern over its impact on low- and middle-income households. While the CGT union estimated turnout at nearly 600,000, the Interior Ministry reported a lower figure of 195,000, including 24,000 in Paris. Students blocked school entrances, a...
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Mark Carney Applauds U.S. Court Ruling Against Trump-Era Tariffs

In a significant legal development, former Bank of Canada Governor Mark Carney has welcomed a recent U.S. court decision that blocks tariffs imposed under former President Donald Trump’s administration. The ruling, seen as a victory for free trade advocates, overturns restrictive measures that had drawn criticism from international economic leaders.

Carney, a strong proponent of open markets, commended the decision, emphasizing its positive impact on global economic stability and trade relationships. He noted that reducing trade barriers fosters economic growth and strengthens partnerships between nations. Analysts suggest that the ruling may lead to a reassessment of protectionist trade policies, potentially benefiting businesses reliant on cross-border commerce.

While supporters of the tariffs argue they were necessary to protect domestic industries, critics—including Carney—have consistently warned of their unintended consequences, such as increased costs for consumers and strained diplomatic relations.

As the global economy continues to navigate post-pandemic challenges, the court’s decision signals a possible shift in trade policy, encouraging further discussions on economic cooperation and market accessibility.

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