Macron
Bitcoin sets up lowest weekly close since early March as 4th red candle looms
Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance bids slowly thin below spot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to retake the $40,000 mark after losing it before the weekend. As traders braced for classic volatility into the weekly close, Bitcoin looked decidedly unappetizing. At $39,500 on Bitstamp, the spot price at the time of writing would constitute the lowest weekly close since the week of March 7. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView “Pretty obvious uptrend since mid-to-late January imo. If we have our 4th RED weekly close today could be bad though,” Twitter account CryptoBull comment...
Macron or Le Pen: What promise does each presidential candidate hold for crypto?
As France braces for the April 24 presidential election in a runoff, political pundits around the globe are making their bets. The choice is between the centrist incumbent Emmanuel Macron and right-wing populist Marine Le Pen. Much of the political debate this time revolves around economics, but there is one indispensable part of it that is largely absent from the candidates’ electoral agendas: digital assets. While both have a record of public statements on matters related to crypto, neither Macron nor Le Pen seems to be likely to trigger any significant policy change with regard to the French digital economy. State of the art Despite the current administration’s notable efforts to embrace the IT industry, France is still, in many ways, not a particularly tech-friendly country. For ...
French far right irked by election results, southern region in play
France’s far right performed worse than predicted in Sunday’s regional elections, exit polls showed, leaving victory in the southern battleground of Provence-Alpes-Cote d’Azur and a platform for the 2022 presidential election in the balance. Marine Le Pen’s Rassemblement National expressed frustration at a record low turnout,as the centre right made its first comeback at the ballot box since a disastrous showing in the 2017 presidential election and President Emmanuel Macron’s party finished fifth. The high abstention rate in Sunday’s first-round vote, projected at 68.5% by pollster Elabe, coincided with a sunny Sunday and emergence from months of tough COVID-19 curbs. “This evening the government won because for the last few weeks it has been in search of a massive abstention rate,” said ...
French, German leaders urge EU coordination on reopening borders
German Chancellor Angela Merkel and French President Emmanuel Macron called on Friday for European Union countries to coordinate their COVID-19 border reopening policies and guard against new variants of the virus. Macron said EU countries must be careful not to allow new variants to spread, adding that the EU was watching developments in Britain, which has seen a steep rise in the weekly reported cases of the Delta variant. “Some countries have reopened their borders earlier for tourist industry reasons, but we must be careful not to re-import new variants,” he told a joint news conference with Merkel before a working dinner at the chancellery in Berlin. Merkel added: “We can’t act as if the coronavirus is over.” “Caution is still necessary so that we have a summer of many freedoms, if no...
France, African leaders push to redirect $100 billion in IMF SDR reserves by October
French President Emmanuel Macron said on Tuesday a summit in Paris on Africa financing had agreed to work towards persuading rich nations by October to reallocate $100 billion in IMF special drawing rights monetary reserves to African states. Impoverished African economies must not be left behind in the post-pandemic economic recovery and a substantial financial package is needed to provide much-needed economic stimulus, African and European leaders concluded at a summit in Paris. In the immediate term, that meant accelerating the COVID-19 vaccine rollout and creating the fiscal breathing room for African nations, which will face a spending shortfall of some $285 billion over the next two years, the summit communique showed. The communique set out a two-pronged response based on addressing...
Emmanuel Macron, Angela Merkel agree €500 billion coronavirus recovery plan for Europe
France and Germany proposed Monday a 500-billion-euro ($542-billion) fund to finance the recovery of the European Union’s economy from the devastation wrought by the coronavirus crisis. Putting aside past differences and seeking to prove that the Franco-German core of Europe remains intact, President Emmanuel Macron and Chancellor Angela Merkel announced the unprecedented package after talks by video conference. European Central Bank head Christine Lagarde told major European newspapers that “the Franco-German proposals are ambitious, targeted and welcome.” With the European economy facing its biggest challenge since World War II, Macron also acknowledged that the EU had fallen short in its initial response to the virus and needed to coordinate more closely on health. Financed by “borrowin...
Victor Osimhen emerges fourth best scorer in Ligue 1
Victor Osimhen has emerged as the fourth highest goalscorer in the French Ligue 1 this season. The 2019/2020 campaign was cancelled last week, following the outbreak of the coronavirus pandemic. Osimhen, who joined Lille from Belgian outfit, Sporting Charleroi last summer scored 13 goals and bagged four assists in 27 league appearances for the Great Danes. Paris Saint-Germain’s Kylian Mbappe won the Golden Boot with 18 goals, while Monaco’s Ben Yedder came second with same number of goals. Mbappe edged out Ben Yedder because he scored more goals from open play. Three out of Ben Yedder’s 18 goals came from the spot while none of Mbappe’s 18 strikes were penalties. Mbappe also had a better goals-per-game ratio, scoring 18 in 20 – the same number in six games less than his rival Ben Yedder. M...
France to tighten legislation on incest – president
France will tighten its laws on incest, President Emmanuel Macron said in a series of tweets on Saturday, after publication of a book accusing a top French political commentator of abusing his stepson sparked outrage across the country. Macron said on his Twitter account that France needs to adapt its laws to better protect children from sexual violence and he had asked the justice minister to chair a consultation aimed at quickly making legislative proposals. “We will go after the aggressors,” Macron said. Macron said France had already increased the statute of limitations on incest to 30 years, counted from the legal age of majority of the victim, and had tightened controls on people working with children, but he said much more needed to be done. He said that as part of current routine m...