Credit agency S&P said Friday it had cut its rating for France to A+ from AA, citing risks that the government would fail to significantly reduce its deficit next year.

Paris

Standard & Poor's has downgraded France's credit rating from AA to A+, reflecting concerns about the country's fiscal outlook and its ability to manage debt. The agency cited expectations of slower financial recovery and policy uncertainty, which could impact investment, consumption, and economic growth. This move follows a similar downgrade by Fitch and comes as France prepares for parliamentary debates on a new budget. Finance Minister Roland Lescure emphasized the importance of passing a budget, while S&P noted France's strong economic fundamentals but projected national debt to rise significantly by 2028. Moody's is also expected to announce its own rating decision soon.

S&P cuts France credit rating from AA to A+

Down again to just one A. Credit Ratings Agency Standard & Poor's has notched France down to A plus one month after Fitch did the same. It means they think the country will be slower to repair its finances and repay its debts than previously expected. We expect policy uncertainty will affect the French economy by dragging on investment activity and private consumption and therefore on economic growth. It's a slap in the face before France's fractured parliament begins debating a new budget on Monday. The downgrade is an unusual move outside of regular scheduled updates and came at the end of a turbulent week in which Prime Minister Sébastien Lecornu survived two no-confidence votes and pledged to suspend a highly controversial pension reform. Reacting to the rating, Finance Minister Roland Lescure said it stressed the importance of approving a budget by the end of the year. The agency highlighted France's very good fundamentals. We have a diversified economy, resilient growth and a high level of savings which is really important. As hard as passing a budget will be, it's only the beginning. S&P projects that France's debt will rise to 121% of GDP by 2028, 9% more than last year. Friday, fellow credit rater Moody's will reveal whether they too are downgrading France.

The Trump administration is awaiting word from the Supreme Court after asking it to allow the immediate deployment of National Guard troops to Illinois to protect Immigration and Customs Enforcement officers. A lower court blocked the move.

Portland

Tensions rising in Portland, Oregon over immigration tactics

President Trump posted a video of a U.S. military strike on a submersible suspected of smuggling drugs. Two people were killed in the strike but the survivors were brought to a Navy ship. Trump says the U.S. will send the them back to their home countries for prosecution.

Washington

Trump says survivors of U.S. drug submersible will be sent home

The U.S. State Department issued a warning that Hamas appeared to be planning an attack 'against Palestinian civilians,' warning that such an attack would 'constitute a direct and grave violation of the ceasefire agreement'.

Tel Aviv-Yafo

Middle East Conflict

State Dept. flags ceasefire violation by Hamas

Britain's Prince Andrew said on Friday he would give up using his title of Duke of York following years of criticism about his behavior and connections to the late U.S. sex offender Jeffrey Epstein.

Windsor

Prince Andrew gives up title of Duke of York

Ukrainian President Volodymyr Zelenskiy came to the White House on Friday looking for weapons to keep fighting his country's war with Russia, but met an American president who appears more intent on brokering a peace deal than upgrading Kyiv’s arsenal.

Ukraine Invasion

Trump pauses on sending Tomahawks to Ukraine

Tension is rising between the U.S and Venezuela. The latest threats from the US warning of stronger measures against Nicolas Maduro’s government — have sparked both fear and fragile hope across Venezuela.

Caracas

Venezuela on high-alert amid U.S strikes

In the aftermath of a destructive Typhoon Halong, historic floodwaters have destroyed remote communities across western Alaska, forcing hundreds of evacuations that could continue for days.

Kipnuk

Mass evacuations in Alaska after record floodwaters

Mr. Trump seemed open to trading U.S.-made Tomahawk's for Ukrainian-made drones, but then he argued Ukraine might not even need new weapons if he can broker a swift end to the invasion.

Trump says he'd rather broker peace than send Tomahawks to Ukraine

President Trump announced that he has commuted former New York Rep. George Santos' sentence on Friday in a post on his social media platform Truth Social.

President Trump commutes George Santos' sentence

The head of the World Trade Organization said on Thursday (October 16) she is urging the U.S. and China to de-escalate trade tensions, warning that a decoupling between the world's two largest economies could reduce global economic output by 7% over the longer-term.

WTO urges U.S., China to ease trade war or risk global growth

John Bolton pleaded not guilty at a Maryland federal court on Friday (October 17). This comes after the former Trump administration national security adviser was indicted on 18 counts for his alleged mishandling of classified information.

Greenbelt

John Bolton pleads not guilty to criminal charges

Buckingham Palace announced Friday that Prince Andrew is giving up his royal titles. This comes after a posthumous memoir by Jeffrey Epstein accuser Virginia Roberts Giuffre emerged.

London

Prince Andrew giving up his royal titles, Buckingham Palace says

U.S. President Donald Trump is meeting at the White House with Ukrainian President Volodymyr Zelenskyy Friday as the war between Russia and Ukraine continues. On Thursday, Trump spent more than two hours on the phone with Russian President Vladimir Putin.

Trump set to meet with Zelenskyy

Ahead of a meeting with Ukrainian President Zelensky, Trump cast doubt on supplying Tomahawk missiles to Kyiv, citing U.S. stock concerns. He also discussed the issue with Russian President Putin, who opposed the idea, raising questions about future Ukraine aid.

Trump questions sending Tomahawks to Ukraine after Putin call

At least one person was killed and dozens of police officers injured in widespread protests overnight in Peru against President Jose Jeri, who assumed power just days ago. The government will declare a state of emergency in Lima within hours and is preparing a package of measures to tackle rising insecurity.

Lima

Peru to impose state of emergency after violent clashes

The espionage case against Christopher Berry and Christopher Cash collapsed after government officials refused to testify under oath that China posed a threat to national security.

MI5 chief warns China a ‘daily threat’ after spy case collapse

NATO is increasing its capabilities on its eastern flank after recent Russian drone incursions. At the same time the EU has announced a major defence policy roadmap aimed at deterring threats from Russia.

Šiauliai

NATO, EU step up defences to deter Russia

The U.S. military flew three B-52 bombers on missions near the coast of Venezuela, according to a Global Strike Command spokesperson and a U.S. official, as the Trump administration continues to exert pressure on Venezuelan President Nicolás Maduro's government.

U.S. flies B-52 bombers off the coast of Venezuela

A federal judge overturned a Homeland Security decision to cut anti-terrorism funding for New York City. The ruling comes as the Trump administration faces lawsuits from Democratic governors over similar cuts.

New York

Judge blocks Trump cuts to New York City's anti-terrorism funds

China has accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, rejecting a White House call to roll back the curbs.

Beijing

Global Tariffs

China blames U.S. for global panic over rare earths controls

U.S. President Donald Trump on Thursday said he had a "productive" phone call with Russian President Vladimir Putin and announced plans for a meeting with Putin in Hungary.

Trump says he plans to meet with Putin in Hungary

Israel said it was preparing for the reopening of Gaza's Rafah crossing with Egypt but set no date as it traded blame with Hamas over violations of the ceasefire. A row over the return of bodies of hostages from Gaza retains the potential to upend the truce.

Jerusalem

Netanyahu says fight with Hamas 'not over yet'

Tumultuous scenes unfolded during the public viewing of late Kenyan Prime Minister Ralia Odinga's body. The 80-year-old's coffin was on its way to a Nairobi stadium when security forces fired tear gas and gunshots into the crowds. At least two people have reportedly been killed.

Nairobi

Kenyan police open fire at mourners at Odinga public viewing

Pakistan and Afghanistan agreed to a temporary ceasefire on Wednesday after airstrikes and ground fighting ramped up tensions between the South Asian neighbors, leaving more than a dozen civilians dead and 100 wounded.

Balochistan

Pakistan, Afghanistan agree temporary truce after fresh fighting

U.S. President Trump confirmed CIA covert operations in Venezuela during a press conference in the Oval Office on Wednesday. CBS News' Ed O'Keefe asked Trump about what that means for Nicolás Maduro.

Trump authorizes CIA covert operations in Venezuela

Israel is still limiting the number of aid trucks allowed to enter Gaza nearly a week after a ceasefire deal was agreed. It’s told the United Nations will only allow 300 per day - that's half the minimum number agreed under the truce.
The UN says even 600 trucks entering daily would not be enough to meet the needs of the population.

Gaza ceasefire fears as Israel limits aid trucks to less than agreed

President Trump confirmed that he has authorised the CIA to go into Venezuela and conduct covert operations.

Trump says he authorised covert CIA operations in Venezuela

Hamas is back on the streets of Gaza in an attempt, it says, to restore law and order -- and to send a message.

Hamas executes Palestinians accused of collaborating with Israel

A federal judge in Oregon has extended temporary restraining orders that block the Trump administration from deploying National Guard troops to Portland. Meanwhile, federal agents in Chicago used tear gas to disperse a crowd after a car chase ended in a crash.

Chicago

Federal agents deploy tear gas in Chicago despite court order

A federal judge on Wednesday temporarily ordered the Trump administration to halt the firing of workers during the government shutdown.

Breakdown