the french president, emmanuel macron, has suffered a serious setback after losing his majority in parliament. his party, ensemble, is still the biggest in the national assembly, but it lost around 100 seats in yesterday s elections. there were big gains for marine le pen s far right party, and a new left wing alliance, led by the hard left leader, jean luc melenchon. this means issues such as macron s plans to raise the retirement age and changes to low income support could face more obstacles. joining me now is tomasz michalski, economics professor, at the business school, hec paris. professor, welcome. where does this result leave macron s mandate to govern the world s sixth largest economy? the first thing is the question is whether the party of macron will be able to make a coalition with the right wing party, that support them on the issue you just mentioned, raising the retirement age and various other reforms. if such a coalition cannot be, whether implicit or explici
european union leaders have agreed a compromise plan to block more than two thirds of russian oil imports. european council chief charles michel said the deal cut off a huge source of financing for the russian war machine. he added that it put maximum pressure on russia to end the war . european commission president ursula von der leyen praised the deal. i m very glad that the leaders were able to agree in principle on the sanctions package. this is very important, thanks to this council should now be able to finalise a ban on almost 90% of all russian oil imports by the end of the year. joining me now is janet mui, investment director, brewin dolphin. yesterday the oil price was up around $120 a barrel. what will this do to relieve the pressure on the oil price? this will incrementally support the oil prices, of course we also have the story that china is reopening shanghai so that will also put pressures on oil price. i think so far the supply from russia will be diverte
On the situation. Police are currently searching for a robert card, he is considered armed and dangerous, he is a Person Of Interest however and thats what we will label him as moving forward until that changes. If people see him they should not approach him or make contact with him in any way. The shutter in place order that currently stands in lewiston remains. A vehicle which was typical of interest in this case was located and we are asking residents there to shelter in place so please share that information with communities as well. If anybody sees mr card or has any Additional Information with reference to these shootings in lewiston, please contact 911. If they see anything suspicious, please feel free to call your local authorities. We have literally hundreds of Police Officers working around the state of maine to investigate this case, to locate mr card, who again is a Person Of Interest and a Person Of Interest only and we will continue to gather information so we can bring t
Brzeski, global head of macro for ing research. Good to see you. Germany is in favour. Italy is saying it is too hard. Your thoughts . fix, too hard. Your thoughts . Complicated story once again. This is the third or fourth reform of european fiscal rules since the start of the monetary union. What they aim to do is make the rules a bit more flexible to give the more economic sense but in the past we saw the rules were simple but it did not leave enough room for investment in the future. If there was a problem, look back at the euro crisis, applying these rules really meant painful reforms, painful measures and they should not make peoples a bit more flexible and a bit more economic sensible. What can a country s economic sensible. What can a country s Debt Economic sensible. What can a Country S Debt be economic sensible. What can a Country S Debt be at economic sensible. What can a Country S Debt be at according i country s debt be at according to these rules . It seems to be the t
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