French banker turned politician, now back in the policy spotlight
A blazing stretch from southwest France to Madrid is fueling mass evacuations as heat waves persist. France reports hundreds of thousands flee homes; Spain sees similar upheaval. Authorities warn conditions remain volatile with new outbreaks possible as temperatures spike and winds shift.
The Trump administration has mobilized a broad sanctions push to choke Iran’s economy, promising the toughest penalties in history. Officials say secondary sanctions will target countries and firms doing business with Tehran, with aims to isolate Iran and reopen the Strait of Hormuz as the war disrupts regional trade.
US forces have carried out strikes on Iranian rocket launchers on Larak Island after they detected efforts to deploy rockets with naval mines into the Strait of Hormuz. Iran has launched missile and drone attacks at US bases in Jordan and the UAE in response. Both sides are signalling readiness to hit back again while diplomatic and economic pressure continues.
Bessent hosts the G20 finance meeting in Asheville, focusing on growth, debt, and monetary stability while Iran tensions and US-China frictions loom over talks, with officials signaling continued use of economic pressure to isolate Iran.
The Strait of Hormuz remains a flashpoint as Iran and the United States exchange missiles and sanctions. Washington has struck Iranian launchers on Larak Island following Tehran’s attacks on US bases in Jordan, while Tehran warns of harsh responses if attacked again. Economic pressure via sanctions is intensifying as both sides signal readiness for further action.
The AfD has finished first in Saxony-Anhalt with about 43–44% of the vote, short of an absolute majority. CDU falls sharply, while BSW hints at possible cooperation. The result challenges Germany’s firewall against governing with the far right and raises questions about future coalition dynamics.
The Alternative for Germany (AfD) has won about 44% in Saxony‑Anhalt, taking 39 of 83 seats and falling three short of a majority. Chancellor Friedrich Merz has condemned the party's "remigration" plans as ethnic cleansing and has faced domestic backlash after the result; international figures including Donald Trump and Elon Musk have praised the AfD.
The euro has fallen to near 17-month lows after investors have pushed up French borrowing costs and bond spreads. France has faced rising yields, mass protests and a political stalemate over deficit cuts ahead of the presidential election. Markets are pricing greater contagion risk across the eurozone and the ECB is under pressure to act.
Students in French lycées have intensified protests over school conditions, teacher shortages and crowded classrooms. Police have clashed with youths blocking schools as the unrest spreads from Paris to other cities, leaving hundreds detained and dozens injured among both students and officers. Government officials urge a return to class while warning against violence.
Protests by high school students across France have intensified, with thousands blocking entrances, clashes with police, and calls for more resources as authorities promise a plan by end of October; over 6,800 people detained and hundreds of schools affected.
Large-scale cyberattacks have targeted internet-connected refrigeration systems at dozens of French supermarkets and affected some Dutch stores, forcing temperatures to surge to as high as 50°C, spoiling fresh and frozen food, triggering fires and prompting mass disposal. French authorities have opened a probe and ANSSI is leading the investigation while retailers report tens of millions of euros in losses.
French authorities are enforcing targeted curfews as street violence linked to protests over living costs spreads across multiple cities. Police report hundreds arrested and thousands affected as the government confronts a challenge ahead of next year’s elections.