France's Yellow Vest movement filed plans for a major march through Paris on Saturday, presenting the government with its next major test after riots and looting last weekend shook confidence in its ability to maintain order. Prime Minister Sebastien Lecornu was due to meet union leaders on Wednesday, seeking ways to defuse one of the worst crises France has faced in recent years and avoid a repeat of the violence that swept French cities on October 17. A representative of the "Gilets Jaunes" (Yellow Vests) movement, which is a grassroots group not tied to the unions, presented plans for a march across the heart of Paris, including areas that were ransacked just days ago. Student groups have also called for protests the same day to push their demands for more investment in education. Yellow Vest activists are seeking to revive their campaign, which emerged in 2018, against rising living costs and declining public services. Investors fret, French borrowin...
A broker for United States Defense Secretary Pete Hegseth sought to make a significant investment in major defence companies in the days before the Iran war, according to the Financial Times (FT). The Pentagon, however, has dismissed the report. According to CNBC, FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp, Lockheed Martin, and Northrop Grumman, among its largest holdings, BlackRock data showed. The CNBC report states that according to the London Stock Exchange Group (LSEG) data, the ETF has lost 12.4% in the past month, around the time when the Iran war started. Read: Crude oil tanker off Dubai hit by Iranian strike after Trump's latest threats FT also said that the investment discussed by Hegseth’s broker did not move forward as the fund wa...