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5/16, 5:19 PM (Source: TeleTrader)
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French PM Jean Castex announces resignation

French Prime Minister Jean Castex handed his resignation on Monday to President Emmanuel Macron at the Elysee Palace, with the transfer of power with his successor set to take place later today.

The resignation comes after Macron secured his second term in the presidential election in late April by winning 58.6% of the votes. The cabinet overhaul comes despite the upcoming parliamentary elections in June, with Labour Minister Elisabeth Borne expected to succeed Castex.

Baha Breaking News (BBN) / ND