French Prime Minister Manuel Valls
French Prime Minister Manuel Valls announces resignationBenoit Tessier/Reuters

French President François Hollande has asked Prime Minister Manuel Valls to form a new cabinet after his government tendered resignation.

The new government is expected to be in place on Tuesday, 26 August.

Valls tendered the resignation of his government, which was badly battered for its handling of the economy.

A statement from Hollande's office said a new government will be in place as per the "direction he [French President] has defined for our country".

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