Gerard Collomb is regarded as one of Macron's most loyal ministers AFP/Michel Euler The announcement from Collomb, a political heavyweight and one of Macron's most loyal ministers, comes after popular environment minister Nicolas Hulot quit last month and as the president's approval ratings have plummeted. Collomb told news magazine L'Express that he will stand for mayor of Lyon in eastern France in 2020, resigning as interior minister after next year's European elections to start campaigning. "The local elections are still far away - I will run in Lyon if I don't get diagnosed as seriously ill any time before that," he joked. "I won't be interior minister right up until the last moment. After a certain amount of time it would be better to be totally free for the campaign," he said. "I think ministers who want to run in the 2020 local elections should be able to quit the government after the European fight," he said of the May 2019 European Parliament polls. Collomb, 71, previously … [Read more...] about French interior minister to quit in further blow to Macron
Tax cuts for the wealthy
U.S. President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump became the first sitting U.S. President to address the annual conclave of the rich and powerful at the Swiss ski resort of Davos for 18 years, closing the summit with a mostly upbeat speech that declared the United States "open for business". "Now is the best time to bring your money, your jobs, your businesses to America," he said, singling out tax cuts and curbs to regulation as boosting the investment climate. "The world is witnessing the resurgence of a strong and prosperous America." He said he would always promote "America First", as he expected other world leaders to do on behalf of their own countries, but added: "America First does not mean America alone. When the United States grows so does the world." But he swiftly … [Read more...] about Trump warns Davos on unfair trade, says U.S. ‘open for business’
Emmanuel Macron on Sunday said he was a president of all French, dismissing opponents' criticisms that his policies favor the rich while urging his countrymen to adopt a more positive attitude towards success. In his first months in power, Macron has defied street protests to loosen France's labor laws, moved to scrap the wealth tax and cut housing aid. His sometimes forthright style has forced him to fend off accusations that he holds the working class in contempt, but Macron said he was a leader who would "keep saying things as they are." The 39-year-old, whose election win sidelined France's mainstream political parties and tore apart the country's traditional left-right divide, sought to reassure left-wing voters in his first live TV interview since taking office in May. "We're taking care of the France where things aren't going well," Macron said. "I'm doing what I said I would do during the election campaign." Macron angered unions last week with comments he … [Read more...] about Macron urges the French to value success, rejects ‘president of rich’ tag
French President Emmanuel Macron came under fire Thursday after a remark directed against union activists fuelled accusations from opponents that he shows contempt for disgruntled workers. The pro-business president made the comment Wednesday while visiting the central town of Egletons, referring to trade unionists who clashed with police during a rally against layoffs at the region's GM&S auto parts plant. "Some, instead of stirring up shit, would be better off looking for work" at a foundry in Ussel, Macron said. The foundry, 140 kilometers (85 miles) from the auto plant, is struggling to find workers. Macron said Thursday that he was "standing by the substance" of his remarks -- which were made in conversation with a regional official -- and would have chosen his words differently in a more formal context. Government spokesman Christophe Castaner conceded to BFMTV the choice of language used was "surprising coming from the mouth of a president of the … [Read more...] about Macron comment fuels ‘out of touch’ image
As he rubs shoulders with leaders of the world's other major economies, Donald Trump is in a bullish mood about the U.S. recovery even if there are clouds on the horizon. "Stock Market at all time high, unemployment at lowest level in years (wages will start going up) and our base has never been stronger!" the U.S. president tweeted at the start of a week which ends with his attendance at the G20 summit in Hamburg. "No matter where you look, the economy is blazing," he said in a July 4 Independence Day speech, a day before heading to Europe. Trump, who frequently complains the US media refuses to give him credit, can point to some heady figures since his unexpected election which was greeted gleefully on the stock markets. The Dow Jones Industrial Average surged 17.2 percent since last November's election, while the broader S&P 500 gained 13.7 percent, and the tech-dominated Nasdaq 18.4 percent. Banking stocks in particular soared amid promises the sector would … [Read more...] about Trump bullish on ‘blazing’ economy but whose recovery is it?