Wednesday , January 16 2019
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Protests plunge French business activity into contraction: PMI


PARIS : French business activity plunged unexpectedly into contraction this month, retreating at the fastest pace in over four years in the face of violent anti-government protests, a monthly survey showed on Friday. Data compiler IHS Markit said that its composite purchasing mangers index dropped to 49.3 points from 54.2 in November, sliding below the 50-point threshold between contraction and ... Read More »

Chubb European Group moves to France


Ahead of the UK parting ways with the EU, Chubb European Group has redomiciled its businesses from the British capital and now calls France its new home. Starting this year, the registered address for both Chubb European Group SE and ACE Europe Life SE is La Tour Carpe Diem, 31 Place des Corolles, Esplanade Nord, 92400 Courbevoie, France. The two ... Read More »

Dredging starts at UK port that may be used in no-deal Brexit


LONDON : Work began on Thursday to extend a small British port that could serve as a back-up if the UK leaves the European Union with no trade deal, providing the government some respite after days of criticism. Less than three months before Britain leaves the EU on March 29, the transport minister has been forced to defend awarding a ... Read More »

Climate change takes toll on French oyster farmers


CANCALE: Gulping down oysters has long been a favourite New Year’s Eve ritual for the French, but as winters get warmer and summers get drier many growers worry there will soon be fewer of the prized mollusks to go around. “Twenty years ago, we’d be shivering in the warehouse while preparing the holiday orders. Today it’s 15 degrees,” says Brittany ... Read More »

France to tax global tech giants in 2019, regardless of EU plans


France’s economy minister says Paris will tax tech giants including Google and Facebook from 2019, even if the European Union decides not to. We take a closer look. Plus, OPEC members are meeting for a second day after failing to agree to a production cut. Iran has asked for an exemption, saying US sanctions are targeting its oil sector. Read More »

Unrest in France Hinders Macron’s Push to Revive Economy


PARIS : The need to accelerate growth has long been visible in almost every corner of the French economy, from dreary unemployment offices packed with job seekers to businesses whose financially stretched customers struggle to make do. President Emmanuel Macron came into office pledging to change all that by improving the country’s long-term prospects. But his halting response to a ... Read More »

France, Germany move to save EU tax proposal


France and Germany jointly agreed a scaled-back version of an EU digital tax on Tuesday, which they hoped would break significant opposition to the plan amongst bloc partners. The idea, revealed to AFP by a European source, will be formally proposed by Paris and Berlin to EU finance ministers meeting in Brussels to discuss the issue later on Tuesday. France, ... Read More »

France dials down EU tech tax to push through a deal

The Franco-German engine has struck again and this time it’s ruffled some feathers. In a last-ditch attempt to strike a deal on an EU-wide tech tax for Emmanuel Macron, Paris and Berlin’s finance ministries have hatched an eleventh hour version of a “digital services tax” that dials down the ambition but will ramp up the pressure on resisters to finally ... Read More »

France, Japan uphold auto alliance amid Ghosn crisis


THE leaders of France and Japan on Friday stood by the Renault-Nissan auto alliance despite ructions from the arrest of its chief executive, officials said. President Emmanuel Macron and Prime Minister Shinzo Abe met on the sidelines of the G20 summit in Argentina hours after a Tokyo court extended the detention of sacked Nissan chief Carlos Ghosn. “The president for ... Read More »

Scattered tax protests persist in France; injuries up to 409

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PARIS : French Prime Minister Edouard Philippe, standing firm against a wave of grassroots protests, said Sunday that fuel tax hikes would remain in place despite nationwide agitation. “The course we set is good and we will keep it,” Philippe said during an interview on TV station France-2, “It’s not when the wind blows that you change course.” Nearly 300,000 ... Read More »

France Eager to Expand on Its 1.3 Billion Euros Exports With Qatar


France : New export and investment opportunities in France and Qatar will be discussed at the Qatar-France Business and Investment Forum to be held in Doha on November 25 and 26. More than 50 French corporations will participate in the forum. The forum is being organised by the French Embassy in cooperation with Business France, the national agency for international ... Read More »

French SUEZ proposes to create innovative water supply system in Uzbekistan


France : Uzbek Deputy Presidential Adviser Elyor Ganiyev and the head of the Tashkent City Administration Jahongir Artikhojayev met with the Director General of the French Company SUEZ on the developing regions Eric Ghebali, Uzbek media reported. The French water management company proposed to create in Uzbekistan an innovative system of water supply and control, its management, and also to ... Read More »

UK says it has reached draft Brexit agreement with European Union


British and EU negotiators have reached a framework Brexit agreement that will be examined by the UK cabinet at an emergency meeting Wednesday, Prime Minister Theresa May’s office said. “Cabinet will meet at 2:00pm (1400 GMT) tomorrow (Wednesday) to consider the draft agreement the negotiating teams have reached in Brussels, and to decide on next steps,” Downing Street said in ... Read More »

New demolitions halt search in deadly French building collapse


Pressure grew on Marseille’s mayor and other officials Thursday, accused of ignoring warnings about unsafe housing, as hopes faded of finding two people still missing after a deadly building collapse in the southern French port city. Six bodies have been recovered from the mound of rubble where two buildings suddenly crumbled on Monday. Authorities believe two people may still be ... Read More »

What are EU countries doing to prepare for a no-deal Brexit?


France : This looks set to be (another) big week in the Brexit negotiations – but preparations are also being stepped up in case no deal emerges on a withdrawal agreement between the UK and the European Union. The UK government has published more than 100 technical notices urging businesses and consumers to prepare for no deal. But what about ... Read More »

A bit of France, only 26 kilometres from Canada


France : On a clear day, stand on any westward-facing beach near Point May on Newfoundland’s wind-scoured Burin Peninsula and gaze seaward. While Paris lies 4,300 kilometres to the east, the eight small islands of St. Pierre and Miquelon, a French possession and the last remnant of France’s once-vast colonial empire in North America, float like rocky lily pads barely ... Read More »

Germany, France urge China to level business playing field

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SHANGHAI : Germany and France urged Beijing on Thursday to do more to level the playing field for European businesses in China and address concerns about the business environment through “concrete and systematic measures”. In a rare joint op-ed in the business magazine Caixin, the German and French ambassadors to China said European businesses should have the same opportunities in ... Read More »

Leonardo CEO says Fincantieri JV to favor talks with France: paper


ROME :A joint venture signed between defense company Leonardo and shipbuilder Fincantieri will favor Italy’s talks with France over a military shipbuilding deal, Leonardo CEO told Corriere della Sera on Monday. Earlier this month the two Italian companies sealed a deal over the development of combat systems, strengthening their cooperation in the naval sector. Separately, Fincantieri and French state-controlled shipyards ... Read More »

AGCO Chief Executive Knighted for Commitment to France’s Culture and Economy


AGCO Corp.’s chief executive doesn’t paper over the differences between Germany, the country of his heritage, and France, where he has pursued a life of learning that culminated in his being knighted by the French government this week. When the tractor and agricultural products manufacturer decided to move the home of its Massey-Ferguson brand to Beauvais, France, from England, some ... Read More »

France urges businesses to prepare for no-deal Brexit

A demonstrator waves a Union flag and a European Union flag as they take part in a march calling for a People's Vote on the final Brexit deal, in central London on October 20, 2018. - Britons dreading life outside Europe gathered from all corners of the UK to London on Saturday to try to stop their country's looming breakup with the EU. (Photo by NIKLAS HALLE'N / AFP)

France has warned its business leaders to prepare for all potential Brexit scenarios including Britain crashing out of the EU with no deal, as Paris scrambles to plan for a new era of trade with its neighbour. The meeting between junior finance minister Agnes Pannier-Runacher and members of trade federations comes after the French government unveiled draft legislation setting out ... Read More »