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France president Macron battles far-right opponent Le Pen in run-off voting

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France President Emmanuel Macron will know his fate of retaining his position as French voters begin casting their ballots Sunday for the presidential run-off between him and his far-right challenger, Marine Le Pen.

In the earlier round of voting on Saturday, Le Pen had come closest to claiming victory for the far-right for the first time but there was no clear winner, forcing a re-run.

Macron had gone into the election with a stable lead in opinion polls, an advantage he consolidated in the frenetic final days of campaigning, including a no-holds-barred performance in the pre-election debate, but his confidence was shaken by the close run Le Pen gave him which had forced another round of voting.

The electoral stakes are huge for both France and Europe, with Macron pledging reform and tighter EU integration, while Le Pen, who could be France’s first female president if she emerges victorious, insists the bloc should be modified in what opponents describe as “Frexit” by another name.

Macron has also opposed Le Pen’s plan to make it illegal to wear the Muslim headscarf in public, though her team has walked back the proposal ahead of the vote, saying it was no longer a “priority.”

The pair have also clashed on Russia, with Macron seeking to portray Le Pen as incapable of dealing with the invasion of Ukraine, due to a loan her party took from a Russian-Czech bank.

If he wins the run-off, Macron who got into power in 2017 as the youngest French President at the age of 39, would be the first president to win re-election in two decades since Jacques Chirac in 2002.

Independent polls have shown Macron with a lead of around 10 percentage points, a much closer outcome than in 2017, when the same two candidates faced off and Macron carried the day with 66% of the vote.

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Musings From Abroad

Brazilian meatpacker JBS invests $2.5 billion in Nigeria, builds six facilities

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Brazilian meatpacker JBS says it has inked a memorandum of understanding with the Nigerian government for a $2.5 billion investment plan that will include the construction of six new plants in the African nation.

Three of the plants would deal in poultry, two in beef, and one in pork, according to a statement from JBS.

In accordance with the memorandum of understanding, JBS stated that it would develop a five-year investment plan in Nigeria, which would include budget estimates, feasibility studies, and an action plan for the development of the local supply chain.

The Nigerian government would then guarantee the sanitary, regulatory, and economic conditions required for the project’s viability, JBS continued.

 

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Musings From Abroad

China’s Xi meets with Morocco’s Crown Prince

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Morocco’s official media reports that Chinese President, Xi Jinping, visited Morocco briefly on Thursday.

According to Morocco’s MAP, Crown Prince Moulay El Hassan welcomed Xi in Casablanca. The visit demonstrated the close ties of camaraderie, collaboration, and solidarity between the Moroccan and Chinese peoples, it said.

China’s official broadcaster, CCTV, said that Xi and Hassan had a “cordial conversation” at the airport after being received by the Crown Prince and Moroccan Prime Minister Aziz Akhannouch.

After attending the G20 Summit in Brazil, Xi paid the visit.

In recent years, China has increased its investments in Morocco’s rail and infrastructure. Morocco is desirable for Chinese electric car battery manufacturers because of its proximity to Europe, free trade agreements with important EU and US markets, and an established automotive sector.

Morocco was chosen by Chinese EV battery company Gotion High Tech in June to establish Africa’s first gigafactory, which will cost $1.3 billion in total.

 

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