French President Emmanuel Macron gave his outgoing prime minister Sebastien Lecornu 48 hours to negotiate with the nation’s political parties in an effort to prevent the country from falling deeper into crisis. Lecornu unexpectedly resigned early Monday, blaming the intransigence of political groups for their failure to agree to a new cabinet. Bloomberg’s Caroline […]
Just over 24 hours after resigning, the French Prime Minister Sebastien Lecornu remains in office, having been asked by President Emmanuel Macron to continue negotiating with the opposition for 48 hours, in an effort to agree a budget. Macron has bought himself time to work out his next steps, which […]
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and […]
Outgoing French Prime Minister Sebastien Lecornu expects President Emmanuel Macron to be in a position to name a new premier in the next 48 hours. Lecornu has to make deals with other political groups that could let Macron form a new cabinet. Bloomberg’s Caroline Connan reports. ——– More on Bloomberg Television and […]
On today’s episode of Bloomberg Businessweek Daily, Scarlet Fu and Norah Mulinda discuss the release of the FOMC September minutes. Bloomberg’s Michael McKee joins the show to break it down. Also on today’s show, JPMorgan’s Kay Herr discusses the state of the US bond market and why her team is […]
