France's new Prime Minister Sebastien Lecornu resigned just weeks after his appointment, sparking fresh chaos. Markets reacted sharply to the political crisis.

Sebastien Lecornu's cabinet, which lasted for just 14 hours, is now the shortest-lived government in French history

French Prime Minister Sebastien Lecornu will make a speech at 9:30 a.m. (0730 GMT) on Wednesday in the courtyard at the Matignon Palace, his office said in a statement.

A little less than four weeks after being appointed as France's fifth prime minister in under two years, Sebastien Lecornu caved into opposition heat and quit.

French PM Sébastien Lecornu resigned just hours after his Cabinet was formed, citing political parties' failure to negotiate.

French President Emmanuel Macron will name a new prime minister in the next 48 hours, the Elysee palace said in a statement on Wednesday. Macron thanked outgoing Prime Minister Sebastien Lecornu for his work over the past 48 hours and acknowledged his conclusions that a majority of lawmakers oppose dissolving parliament,

Caretaker French Prime Minister Sebastien Lecornu said on Wednesday that ministers in his short-lived government would not receive severance pay, aiming to set an example of the budget belt-tightening he says the country needs.

Witnesses heard three loud explosions near Hotel de Matignon, where Lecornu had been scheduled to hold meetings following his resignation, according to a report