Author: prosperplanetpulse.com

Recent French elections have left the country’s parliament divided, with no political faction winning a majority. This unexpected outcome will have significant implications for both the political landscape and financial markets. Analysts had feared that either the left-wing National Front or the far-right Rally National would win a majority, worsening France’s financial difficulties. The global impact of the French elections The immediate market reaction to the French election results was mixed, reflecting investor uncertainty and anxiety. Asian markets fell, with Hong Kong’s Hang Seng Index down 1.6% and the Shanghai Composite Index down 0.9%. Tokyo’s Nikkei stock average fell 0.3%…

Patrick van Katwijk/Getty Images Mark Rutte, a former Dutch Prime Minister who is set to become the next Secretary General of NATO, attended an official luncheon held at Noordeinde Palace in The Hague, Netherlands on June 24. CNN — As the NATO alliance prepares to celebrate its 75th anniversary this week with a summit in Washington, it is also preparing to welcome its first new leader in a decade, someone with experience negotiating with former President Donald Trump who many hope will keep the alliance united amid a swirl of challenges, including Trump’s possible reelection. Former Dutch Prime Minister Mark…

The initial reaction to the general election results was negative, with the Nifty index falling 5.9% on June 4, though the market ended the last quarter up 9.7% from that day’s close. The initial reaction was not surprising as it was a real surprise that the BJP failed to win the 272 seats to run the government on its own. Brokerage firm Jefferies noted in a recent note that coalition governments are inherently chaotic and the BJP’s failure to secure a majority is a negative since the strength of Prime Minister Narendra Modi’s first two five-year terms was his single-minded…

CraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ – Get Free Report ) rose 0.3% during trading on Monday. The stock traded as high as $15.95 and last traded at $15.94. About 1,256 shares were traded during trading, down 61% from the average daily trading volume of 3,235 shares. The stock had previously closed at $15.89. CraneShares Emerging Markets Consumer Technology ETF trading volume up 0.3% The company’s 50-day moving average price is $15.86 and its 200-day moving average price is $14.84. The company has a market cap of $15.94 million, a P/E ratio of 24.73 and a beta of 1.28.…

Open Startups (OST) continues its efforts to expand the startup ecosystem in Africa by inviting applications for its OST program. Developed in collaboration with Columbia Engineering School and Columbia Business School in New York, the program aims to support early-stage startups. They will also be joined by promising talent from Tunisia, Senegal and Morocco. The OST programme is designed to help 30 selected startups (10 from each country) progress from the proof-of-concept stage to minimum viable product (MVP) through an intensive 18-week hybrid programme. The program will run from September 2024 to January 2025, and finalists will be allocated a…

While President Joe Biden has repeatedly insisted he has no plans to drop out of the presidential race, Vice President Kamala Harris has emerged as a possible Democratic alternative to Biden. Leading Democrats say Harris’ name recognition, policy experience and ability to connect with key voters make her an attractive challenger to Republican nominee Donald Trump. But if Joe Biden withdraws, can the 59-year-old defeat Donald Trump? After the disastrous first presidential debate between a sitting president and a former president, critics, political analysts and voices within the Democratic Party suggested Biden should be replaced. And the first name that…

Eindhoven-based LUMO Labs, a Dutch fund manager that runs an impact-focused investment fund in emerging technologies, announced on Tuesday the launch of a new €100 million fund, the LUMO Rise Fund. Through the fund, the Dutch VC aims to invest in 30-35 European impact-driven start-ups focused on the development and application of emerging digital technologies for a greener and more resilient society. The LUMO Rise Fund expands LUMO Labs’ investment strategy to focus on the integration of physical and digital reality in society. It provides additional capital for geographic diversification and additional lending, enhancing financial, social and environmental returns on…

They responded, especially to voters on the left. Polls showed that when the Rally National faced off against Macron’s allies and conservatives, seven in 10 leftists voted for the anti-Le Pen candidate, while most others abstained. When the left faced off against Le Pen’s party, the front did not fare much better: about half of Macron’s supporters backed the left, while one in six voted for the far right. But the result was clear: in every seat, the far-right’s strong position was not enough to overcome the combined numbers of its opponents.The strength of this mobilization is especially remarkable given…

For those who see the situation through this lens, the Ukrainian conflict is equivalent to the murder of Ferdinand and should not be the start of a world war. They speak in pacifist tones: “Be careful, we are moving step by step towards a global, possibly nuclear war, even if nobody wants it.” For them, the conclusion is simple: Ukraine’s military ambitions should be curbed and diplomatic negotiations should be sought, so as not to surprise Russia into an irreversible escalation.This Sarajevo glass seems to be hung most often in Germany. Since February 2022, Chancellor Olaf Scholz has been an…

CNN — A global election year, with countries representing half the world’s population voting, is shaping up to be a tough one for incumbents struggling with the painful economic aftereffects of the COVID-19 pandemic and scandals and fatigue that have plagued leaders who have been in power for years. Recent elections in France and the UK have shown that disaffected but informed voters are using democracy in novel ways to reshape their countries through strategic voting, and in Iran, even in the highly restrictive circumstances of an election engineered by a clerical dictatorship, voters behaved in an unexpected way, leading…