Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
Category: Legislatures and Parliaments
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A Major Moment for the British Economy: What to Watch in the U.K. Budget
Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
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In Food Label Fight, Europeans Debate How the Sausage Gets Made
Lawmakers in the European Union voted to limit “burger,” “sausage” and other meat terms to animal products, rankling consumers and producers of veggie burgers and tofu sausages.
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Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits
The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
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French Prime Minister Calls Special Parliamentary Session to Address Ballooning Debt
Prime Minister François Bayrou called a parliamentary session to address the “gravity” of the situation. An analyst said his move was “political suicide,” as some opponents vowed to bring down the government.
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France’s Prime Minister Michel Barnier Loses No-Confidence Vote
Prime Minister Michel Barnier will most likely remain as a caretaker until a replacement is named. But the vote could further unsettle credit markets and create a wider opening for the far right.
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France’s Budget Problems ‘Very Serious,’ Prime Minister Says
The French government, which missed a deadline this week to set a blueprint to lower its debt and deficit, is struggling to meet fiscal requirements set by the E.U.
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Political Gridlock Will Raise the Economic Stakes in France
The French election results point to a prolonged political logjam, which may not help a country bedeviled by high debt and slowing economic growth.
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A Bill to Limit Canada’s Trade Negotiators on Farm Goods Edges Nearer to Law
The measure from a member of the Bloc Québécois would ban changes to the supply management system for dairy, poultry and eggs.
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French Protesters Rally in Last Angry Push Before Pension Bill Vote
The New York Times – Business:Many believe the legislation to raise the retirement age to 64 from 62 will pass Parliament, and they are looking beyond the vote to fight on.