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(Bloomberg) -- President Emmanuel Macron proposed Stephane Sejourne, France's outgoing foreign minister, to be the country's new commissioner for the European Union."His commitment to Europe will enable him to fully support a sovereign agenda," according to the French president's office.©2024 Bloomberg L.P.By Richard BravoReported by Author [Extracted from the article]

French voters are participating in a fast-paced election, with Marine Le Pen's anti-migrant National Rally projected to win the most seats in the lower house of parliament. While it is uncertain if the party will secure an absolute majority, a win would give them significant influence in the National Assembly. President Emmanuel Macron called for the snap vote to boost support after his centrist alliance suffered in the European Parliament election, but his coalition is now expected to win fewer seats. The election outcome could lead to power-sharing or a hung parliament, and voter turnout has been high. The three leading groups in the election have different policy proposals, with Macron's party advocating for continuity, the National Rally focusing on immigration and law and order, and the New Popular Front proposing radical economic measures. The election has had an impact on the French stock market and bond market. [Extracted from the article]

French voters are heading to the polls in an unprecedented election, with Marine Le Pen's anti-migrant National Rally projected to win the most seats in the lower house of parliament. This could make it the first far-right party to serve in government since World War II. The main question is whether the party will win enough seats to get an absolute majority, which would allow it to easily push through legislation and reshape France's domestic agenda. President Emmanuel Macron called the snap vote in an effort to regain support after his centrist alliance suffered a defeat in the European Parliament election, but his coalition is now expected to win fewer seats. The outcome of the election will determine whether power is shared or if there is a hung parliament, and turnout will be a crucial factor to watch. The three leading groups in the election have different policy proposals, with Macron's party advocating for continuity, the National Rally focusing on reducing immigration and toughening law and order, and the New Popular Front proposing radical economic measures. The market has reacted to the election, with French stocks and bonds experiencing fluctuations. [Extracted from the article]

Marine Le Pen, leader of the far-right National Rally party in France, is seeking support from other parties in order to govern even if she does not achieve an absolute majority in the upcoming runoff election. Le Pen's party and its allies dominated the first round of voting, leading to concerns from mainstream parties who are now pulling candidates from the election to prevent her from gaining control. So far, 208 candidates have dropped out, but there are still 104 three-way runoffs remaining. The potential for a hung parliament raises the possibility of a minority government in France. [Extracted from the article]

Marine Le Pen, leader of the far-right National Rally party in France, is seeking support from other parties in order to govern even if her party falls short of an absolute majority in the upcoming legislative election. Le Pen's party and its allies dominated the first round of voting, but other parties are now pulling candidates in an effort to prevent the far-right party from reaching an absolute majority. If Le Pen's party does not achieve an absolute majority, they would need to form a minority government and attract like-minded partners in parliament on a case-by-case basis to pass legislation. [Extracted from the article]

The European Parliament election, which concludes on Sunday, will not only determine the lawmakers for the next five years but also shed light on how the European Union will address important issues such as the war in Ukraine and the potential second term of Donald Trump. Approximately 360 million people in the EU are eligible to vote, with most countries holding their ballots on Sunday. Far-right parties are aiming for electoral gains that could bring migration to the forefront of the political agenda and complicate progress on climate goals. The center-right European People's Party is expected to win, along with the center-left Socialists & Democrats and centrist Liberals, forming a comfortable majority in parliament. The Greens, who played a key role in negotiating the EU's climate-neutral policy, are projected to secure fewer seats due to the energy crisis and rising costs. While the far right is expected to gain seats, infighting and scandal have weakened some nationalist groups. European Commission President Ursula von der Leyen needs parliament's approval for a second term and may need to cooperate with parties the EPP previously refused to work with. The election results will be released on Sunday evening. [Extracted from the article]

The European Investment Bank's venture capital arm will support a new fund in Spain that plans to invest €1 billion in growth stage technology startups. This fund is part of the European Technology Champions Initiative, which has already allocated close to €1 billion to four funds. The European Investment Fund has received 34 applications from VC firms across Europe and aims to select between 10 and 20 for participation. Spain has experienced a less dramatic slump in startup funding compared to other European countries, and the government has launched a fund of funds to support technology companies. [Extracted from the article]

European Union leaders are set to propose new sanctions against Belarus, North Korea, and Iran for their involvement in Russia's war against Ukraine. The EU aims to restrict Russia's access to sensitive items and technologies relevant to the battlefield, including targeting entities in third countries facilitating illicit trade. The EU is also discussing the use of frozen Russian central bank assets, with plans to apply a windfall tax on the profits generated by these assets to support Ukraine. Additionally, the EU will call for a ceasefire in the Israel-Hamas conflict and condemn Israel's authorization of more homes for Israelis in the West Bank. [Extracted from the article]

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