Geopolitical events
On September 16, 2026, the French Ministry of Finance implemented the "Industrial Sovereignty Tax Credit," a new fiscal policy providing €8 billion in incentives for domestic aerospace and defense manufacturers. This macroeconomic measure is intended to offset the rising costs of raw materials caused by the West Asia War and to reduce reliance on the "Global South Mediation Bloc" for critical components. Finance Minister Antoine Armand stated that the policy aims to "re--shore strategic production to ensure European strategic autonomy." The ministry is scheduled to host an "Industrial Investment Forum" on November 12, 2026, to facilitate partnerships between private equity and state--backed firms.