Politics
Back to the future as France’s Macron reappoints Lecornu as PM

- Macron reappoints last PM to resolve political crisis
- Hard left and far right angered by Macron’s choice.
- Crisis denting economic growth, central bank chief warns.
French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Friday just days after he quit the job, a move that enraged some of the president’s fiercest political opponents who pledged to vote out the new government.
Macron, 47, will hope loyalist Lecornu can draw enough support from a deeply divided parliament to pass a 2026 budget. Faced with France’s worst political crisis in decades, many of Macron’s rivals have demanded he either call fresh parliamentary elections or resign.
The immediate reaction to Lecornu’s appointment from the far right and hard left was scathing, suggesting his second stint as prime minister will be no easier than his first, which ended on Monday when he resigned after just 27 days in office.
“The Lecornu II government, appointed by Emmanuel Macron who is more isolated and out of touch than ever at the Elysee Palace, is a bad joke, a democratic disgrace and a humiliation for the French people,” National Rally party president Jordan Bardella posted on X.
Lecornu’s priority is to pass a budget for 2026
There was no immediate reaction from the leadership of the Socialists and the conservative Republicans, both of whom will be crucial to Lecornu’s survival.
Lecornu’s most pressing task will be to deliver a budget to parliament by the end of Monday.
“I accept – out of duty – the mission entrusted to me by the President of the Republic to do everything possible to provide France with a budget by the end of the year and to address the daily life issues of our fellow citizens,” he wrote on X.
“We must put an end to this political crisis that exasperates the French people and to this instability that is harmful to France’s image and its interests.”
Lecornu added that whoever joined his government would have to renounce their personal ambitions to succeed Macron in 2027, a contest that has injected instability into France’s weak minority governments and fractious legislature. He pledged his cabinet would “embody renewal and diversity.”
Macron’s entourage said Lecornu had “carte blanche”, in a sign the president was leaving his prime minister plenty of wiggle room to negotiate a cabinet and budget.
Leftist parties upset with Macron
Macron earlier convened a meeting of mainstream party leaders to rally support around his choice, but angered leftist parties when they found out one of their own would not be named as prime minister.
Another collapsed government would raise the likelihood of Macron calling a snap election, a scenario seen benefiting the far right the most.
France’s political turmoil, which has dented growth and spooked financial markets, was in large part triggered by Macron’s decision last year to hold a legislative election, a gamble that delivered a hung parliament split between three ideologically opposed blocs.
The country’s push to get its finances in order, requiring budget cuts or tax hikes that no party can agree on, has only deepened the malaise.
If the National Assembly cannot find common ground on a budget in the time given, emergency legislation may be needed to keep the country running next year on a roll-over budget.
Fate of pension reforms is key issue
The country’s central bank chief, Francois Villeroy de Galhau, forecast on Friday that the current political uncertainty would cost the economy 0.2 percentage points of gross domestic product. Business sentiment was suffering but the economy was broadly fine, he said.
“Uncertainty is … the number one enemy of growth,” Villeroy told RTL radio.
Fraught budget negotiations have cost Macron three prime ministers in less than 12 months.
Central to the most recent budget negotiations have been the left’s desire to repeal Macron’s 2023 pension reforms that lifted the retirement age, and tax the wealthy more heavily. Those demands have been hard to square with the conservatives, whose support Macron also needs to pass a budget.
In Friday’s meeting, Macron offered to delay raising the retirement age as far as 64 by one year to 2028. Green leader Marine Tondelier described the concession as insufficient.
The deficit is forecast to hit 5.4% this year, nearly double the European Union’s cap. Lecornu recently said he envisaged a 2026 deficit between 4.7% – 5%.
Politics
India slaps $2.45m fine on IndiGo for mass flight cancellations

- Private carrier admits misjudgement, planning gaps.
- Regulator orders IndiGo to relieve senior office bearers.
- Operational meltdown linked to new policy of pilot rest.
India’s civil aviation regulator on Saturday imposed a fine of $2.45 million on IndiGo, the country’s biggest airline, for poor roster planning that led to large-scale flight cancellations in December.
Airports across India were thrown into disarray late last year, with the private carrier admitting “misjudgement and planning gaps” in adapting to a new policy of pilot rest.
Over 4,000 mostly domestic flights were either cancelled or delayed for over a week across the country, stranding hundreds of thousands of passengers.
The operational meltdown came even though IndiGo had two years to prepare for the new rules aimed at giving pilots more rest periods in between flights to enhance passenger safety.
The Directorate General of Civil Aviation (DGCA) said it was levying the penalty for several lapses, including “failure to strike (a) balance between commercial imperatives and crew members’ ability to work effectively”.
The regulator ordered IndiGo to relieve its senior vice president of its operations control centre of his responsibilities, according to a statement released on Saturday.
It also issued warnings to senior officials at the company, including CEO Pieter Elbers “for inadequate overall oversight of flight operations and crisis management”.
There was no immediate response from IndiGo to the fine.
IndiGo, which commands 60% of India’s domestic market, operates more than 2,000 flights a day.
The crisis was one of the biggest challenges faced by the no-frills airline that has built its reputation on punctuality.
India is one of the world’s fastest growing aviation markets. In November 2024, IndiGo reached a daily level of 500,000 passengers for the first time.
Politics
Trump ‘guilty for casualties’ in Iran protests: Khamenei

- Khamenei terms wave of protests “American conspiracy”.
- Iran’s supreme leader says will not spare domestic criminals.
- DPM Dar expresses hope for peace and stability in region.
Iran’s supreme leader Ayatollah Ali Khamenei on Saturday accused US President Donald Trump of being responsible for “casualties” during a protest wave in the country.
“We hold the American president guilty for the casualties, damages and accusations he has levelled against the Iranian nation,” he told a crowd of supporters during an address marking a religious holiday.
“This was an American conspiracy,” he said, adding that “America’s goal is to swallow Iran… the goal is to put Iran back under military, political and economic domination”.
He further said authorities “must break the back of the seditionists” after a crackdown on the protest wave.
“We do not intend to lead the country to war, but we will not spare domestic criminals… worse than domestic criminals, international criminals, we will not spare them either,” he added.
“By God’s grace, the Iranian nation must break the back of the seditionists just as it broke the back of the sedition.”
It is pertinent to mention here that more than 3,000 people have died in Iran’s nationwide protests, rights activists said on Saturday, while a “very slight rise” in internet activity was reported in the country after an eight-day blackout.
The protests erupted on December 28 over economic hardship and swelled into widespread demonstrations calling for the end of clerical rule in the country, culminating in mass violence late last week.
Tensions in Iran, however, subsided after three weeks of protests under an internet blackout. The capital Tehran, however, has been comparatively quiet for four days, said several residents reached by Reuters.
Drones were flying over the city, but there were no signs of major protests on Thursday or Friday, said the residents, who asked not to be identified for their safety.
Separately, Deputy Prime Minister Ishaq Dar held telephonic conversation with Iran’s Foreign Minister Abbas Araghchi today.
They discussed the current situation in Iran and the wider region.
DPM Dar expressed hope for peace and stability, and both sides agreed to continue bilateral consultations on matters of mutual interest.
Earlier, US President Donald Trump thanked Iran’s leaders for cancelling what he said were hundreds of planned executions of protesters after a crackdown.
Taking to his social media platform, he said the mass hangings had been called off and praised Tehran for the move.
US President Donald Trump, whose repeated threats to act had included a vow to “take very strong action” if Iran executed protesters, said Tehran’s leaders had called off mass hangings.
“I greatly respect the fact that all scheduled hangings, which were to take place yesterday (Over 800 of them), have been cancelled by the leadership of Iran. Thank you!” he posted on social media.
Politics
Nobel Prize inseparable from winner but medal can be given away, says award body

- Venezuela’s Machado gave her Nobel medal to Trump.
- Donald Trump says he intends to keep the medal.
- Original laureate recorded in history as prize recipient.
OSLO: The Nobel Peace Prize remains inseparably linked to the person or organisation that won it, though the medal can be given away, the Norwegian Nobel Committee said on Friday, a day after last year’s winner gave her medalto US President Donald Trump.
Venezuelan opposition leader Maria Corina Machado gave her medalon on Thursday to Trump, who thanked her for it. The White House released a photo of Trump and Machado, with Trump holding up a gold-coloured frame displaying it, and a White House official said Trump intends to keep it.
Machado’s award also consists of a diploma and 11 million Swedish crowns ($1.19 million).
“Regardless of what may happen to the medal, the diploma, or the prize money, it is and remains the original laureate who is recorded in history as the recipient of the prize,” the award body said in a statement.
“There are no restrictions in the statutes of the Nobel Foundation on what a laureate may do with the medal, the diploma, or the prize money. This means that a laureate is free to keep, give away, sell, or donate these items,” it added.
‘Inseparably linked’
The medal and the diploma are physical symbols confirming that an individual or organisation has been awarded the prize, said the five-strong award committee.

“The prize itself – the honour and recognition – remains inseparably linked to the person or organisation designated as the laureate by the Norwegian Nobel Committee,” it said.
The committee, which did not refer to Trump and Machado by name in its statement, said it does not comment on a laureate’s statements, decisions or actions after the prize is announced.
It was not the first time a Nobel laureate has given away the medal. In 1943, Nobel literature laureate Knut Hamsun gave his to Nazi propaganda minister Joseph Goebbels.
In 2022, Nobel Peace laureate Dmitry Muratov sold his medal for $100 million to raise money for the UN children’s fund Unicef to help Ukrainian refugee children.
In 2024, the widow of former UN Secretary-General Kofi Annan donated his 2001 Nobel Peace Prize medal and diploma to the UN office in Geneva.
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