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Finance & Markets

BlackRock's Vavrek: AI Hardware to Drive EM

Egon Vavrek, Head of Emerging Markets at BlackRock, says AI hardware and the "picks-and-shovels" players serving hyperscalers will carry emerging markets forward. He spoke on the sidelines of the BofA APAC Conference in Hong Kong. (Source: Bloomberg)

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France debt set for highest level since 1978 as fiscal strain grows

France is facing mounting pressure to rein in its public finances as it prepares a €54 billion package of spending cuts for next year.

  • France's national debt set to hit highest level since 1978 by 2026
  • Projected debt to surpass EU's 60% of GDP limit in 2026 and 2027
  • France ranks third most indebted eurozone country behind Greece and Italy

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