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Technology · United States

France reclaims title as Europe's champion of tax and social charges

New data shows that France has the EU's highest tax burden at 46 percent of GDP, while its national debt continues to grow. Amid new street protests over lack of education funding and falling purchasing power, the government is proposing a meagre hike in the minimum wage. Also in this edition: US tech giants see their shares diverge as the AI boom pushes massive capital expenditures.

France 24 ·

Business

Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisis

Prime minister vows not to slash health and education funding amid political problem over handling of economy Get our daily political email , free app or daily news podcast Anthony Albanese has ruled out major cuts to health, education and essential services in December’s mid-year budget update, but conceded savings are required as Labor struggles to curb accelerating inflation. Amid growing pressure from within…

The Guardian ·