French President Emmanuel Macron’s government can ill afford further tax cuts without spending cuts to finance them, and is in danger of missing already watered-down fiscal targets, the public audit office said on Tuesday.
French monthly inflation slowed faster than expected in May, thanks largely to a fall in service sector prices which offset a marked acceleration in food prices, final EU-harmonized data from the INSEE statistics agency showed on Friday.
French households ramped up savings in the first quarter as incomes rose following government measures to boost purchasing power, official data showed on Wednesday, confirming the economy maintained a steady growth rate in the period.
Pope Francis, the head of the Roman Catholic Church, has turned down the resignation of French Roman Catholic cardinal Philippe Barbarin, who has been convicted of child sex abuse cover-up, sparking criticism from the European country’s senior Catholic clerics and abuse victims.
India says it will induct French-made Rafale fighter jets into its air force later this year, amid heightened military tensions with Pakistan, which saw the two nuclear-armed neighbors target each other’s warplanes last week.