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FT News Briefing

French prime minister faces no-confidence vote

Dec 4, 2024
France's prime minister confronts a critical no-confidence vote amidst budget controversies. Meanwhile, South Korea plans to lift martial law, signaling a shift in political climate. In the Sahel, military juntas are grappling with rising violence and failing to deliver promised security, leading to increased fatalities. The podcast also dives into the quirky rise of cryptocurrency ‘memecoins,’ where digital tokens featuring iconic animals are capturing the attention and investment of enthusiasts.
12:34

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Quick takeaways

  • French Prime Minister Michel Barnier faces a no-confidence vote due to an unpopular budget, highlighting political instability and potential economic consequences.
  • In Africa's Sahel region, military juntas have failed to reduce violence despite promises, leading to a significant increase in fatalities and threats to governance.

Deep dives

Political Tensions in South Korea

A power struggle is escalating in South Korea following President Yoon Suk-yeol's declaration of martial law. He accused left-wing parties of being sympathetic to North Korea, prompting protests from opposition members who were barred from parliament. The National Assembly's swift vote to block the martial law order forced Yoon to retract his decision, highlighting the tensions between the conservative government and the leftist majority. This political showdown has emerged in the wake of budget cuts proposed by the left, undermining Yoon's presidency and illustrating the deep divisions within the political landscape.

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