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French Prime Minister Francois Bayrou ousted after just nine months in office
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French Prime Minister Francois Bayrou ousted after just nine months in office

9 September 2025
Legislators toppled France’s government in a confidence vote on Monday 8 September, a new crisis for Europe’s second-largest economy that obliges President Emmanuel Macron to search for a fourth prime minister in 12 months. Prime Minister Francois Bayrou was ousted overwhelmingly in a 364-194 vote against him. Bayrou paid the price for what appeared to be a staggering political miscalculation, gambling that lawmakers would back his view that France must slash public spending to rein in its debts. Instead, they seized on the vote that Bayrou called to gang up against the 74-year-old centrist who was appointed by Macron last December.
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Brussels provides Ukraine with 1.2 billion euros financial assistance package
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Brussels provides Ukraine with 1.2 billion euros financial assistance package

24 January 2022
The European Commission proposes to support Ukraine with 1.2 billion euros of new financial assistance package made of both emergency loans and grants. The country is experiencing a financial shortage and borrowing is becoming more complex and expensive now that Russia uses threatening language and has deployed military troops and heavy weapons close to Ukraine's border.
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Turkish exports leap to unprecedented heights despite other economic woes
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Turkish exports leap to unprecedented heights despite other economic woes

4 January 2022
Exports to the European Union, were almost half of Turkey's exports, and surged 33% year-over-year to $93.1 billion, enabling Turkey to post a surplus of around $7.7 billion in trade with the bloc. Germany remained the top market, having received $19.3 billion worth of Turkish products throughout the year, followed by the United States with $14.7 billion and the United Kingdom with $13.7 billion. Sales to all the three markets marked the highest annual figures ever.
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European gas prices climb after a postponement of the opening of Nord Stream 2
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European gas prices climb after a postponement of the opening of Nord Stream 2

16 November 2021
Gas prices increased on Tuesday (16 November) to the highest level in three weeks in the European Union. This is due to Germany's temporary shutdown of the certification process for the new gas pipeline Nord Stream 2. In addition, there is an outage at a major gas field in Norway, which is expected to last until Friday.
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UAE prepares to address the economic challenges of the future
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UAE prepares to address the economic challenges of the future

13 September 2021
The United Arab Emirates (UAE) has announced measures to help diversify its economy away from dependency on hydrocarbons, and to create jobs for Emiratis in new private-sector opportunities. The package includes an investment of AED24 billion to create 75,000 new private-sector jobs. The UAE government is looking to balance between creating incentives for expats to relocate to the UAE and creating employment opportunities for its own population.
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