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French President Emmanuel Macron has picked defence chief Sébastien Lecornu as his new prime minister, a day after François Bayrou was voted out by parliament. The 39-year-old Lecornu’s immediate priority will be to try to forge consensus on a new budget, before forming a government. If this year’s budget were to be carried over into next year, France’s fiscal deficit, already the highest in the EU, is predicted to widen further.
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Oil prices steady as Iran war continues
Oil prices have steadied for the first time since the US and Israel launched strikes on Iran. But concerns about...
