The most common and most likely answer to this crossword clue is the 8 plus 6 letter word EMMANUEL MACRON
I've seen this crossword clue in The Guardian
E
M
M
A
N
U
E
L
M
A
C
R
O
N
Buddy explains!
The straight part
We know that "foreign bigwig" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case foreign bigwig = emmanuel macron.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.