South Korea Defense

South Korea Approves KRW 65.8 Trillion Defense Budget for 2026, Largest Increase in Seven Years

South Korea has finalized its national defense budget for 2026 at KRW 65.8642 trillion (approximately $44.7 billion), marking a 7.5% increase over the previous year’s allocation, the Ministry of National Defense (MND) announced on December 3. The increase represents the...
Indonesia Currency

Indonesia’s 2024 Budget Deficit Smaller Than Expected But Larger Than 2023’s Gap

Indonesia’s unaudited budget deficit for the 2024 fiscal year was reported at 2.29% of the country’s gross domestic product (GDP), according to data released by the finance ministry on Monday. The figure is smaller than the previously estimated 2.7% but...
French Prime Minister Michel Barnier

French Prime Minister Michel Barnier Secures Temporary Reprieve Amid Budget Crisis

French Prime Minister Michel Barnier won a brief respite in his uphill battle to secure approval for the country’s 2025 budget and maintain his government’s shaky hold on power. This comes after S&P Global Ratings reaffirmed its AA- credit rating...
Michel Barnier, French Prime Minister

Michel Barnier Outlasts the Lettuce: France’s Conservative Prime Minister Steadies Leadership Amid Political Storms

French Prime Minister Michel Barnier has achieved a major symbolic victory by surpassing the brief 49-day tenure of former British Prime Minister Liz Truss, whose rapid political demise became an international punchline involving a head of lettuce. Truss's downfall in...
France Culture Minister Rachida Dati

France’s New Proposal Could See Non-EU Tourists Paying More to Visit Paris’ Iconic Landmarks

The landscape of Paris' tourism industry, France’s Culture Minister Rachida Dati has recently suggested a series of changes that could lead to higher entry fees for non-EU visitors at some of Paris’ most popular attractions. The proposal is aimed at...