Monday , July 22 2019
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France to vote on ratifying contentious EU-Canada trade deal


French lawmakers in the National Assembly will vote on Wednesday on whether to ratify a controversial trade deal between the European Union and Canada. The EU-Canada Comprehensive Economic and Trade Agreement (CETA) was approved by the European Parliament two years ago, but it must also be ratified by each of the member states of the European Union to become permanent. ... Read More »

France tech tax: What’s being done to make internet giants pay more?


France is to become the first country in Europe to introduce a tax on tech giants like Facebook, Amazon and Google. The move has upset the US. So how does it work, what are other countries doing and what could the impact be on these huge companies? What is the new digital tax? The French government has approved a 3% ... Read More »

France, US in spat over future ‘Gafa’ tax on top tech firms


The French finance ministry has slammed a US call for an inquiry into France’s “Gafa” Bill, which passed into law Thursday. The Law will impose a full rate of tax on leading tech firms Google, Apple, Facebook and Amazon. The treasury in Paris is outraged at the US hinting at hiking tax on French goods as a retaliatory measure. The ... Read More »

France issues first 10-year bond at negative interest rate


PARIS: France issued its first-ever 10-year bond at a negative borrowing rate on Thursday, meaning investors pay, rather than receive, interest for the privilege of owning French sovereign debt, said the state debt management agency, AFT. AFT said in a statement that it issued 9.996 billion euros ($11.3 billion) in long-term bonds, with just under half — or 4.972 billion ... Read More »

France hands over smuggled artefacts from Balochistan to Pakistan


PARIS: A large number of smuggled archaeological artefacts from the ancient civilisation of Balochistan, which were seized by the French customs at the Paris airport during the years 2006-07, were handed over to Pakistan. Rodolphe Gintz, Director General of Customs and Indirect Rights, Ministry of Action and Public Accounts of France, handed over these rare and precious artefacts to Muhammad ... Read More »

Flight Centre buys FCM’s partner in France


Flight Centre Travel Group has taken full ownership of 3Mundi, the group’s business travel partner in France and Switzerland. Australia-based Flight Centre already owned a 25 per cent stake in 3Mundi, which is a partner of its business travel brand FCM Travel Solutions, and has now purchased the other 75 per cent of the company. Following the move, 3Mundi’s managing ... Read More »

Spain asks France to extradite Basque separatist chief


Spain wants France to extradite a longtime chief of the defunct Basque militant separatist group ETA, whose arrest last month in a French Alpine town ended 17 years on the run. Spanish government spokeswoman Isabel Celaa said after a weekly Cabinet meeting Friday that it had decided to request that Josu Ternera be sent to Spain to stand trial. Ternera ... Read More »

Court Rules France Failed to Properly Address Air Pollution


In a landmark ruling, a French court found the government failed to adequately tackle air pollution around Paris. The decision came in response to a lawsuit by a woman and her teenage daughter who experienced respiratory illnesses believed to be linked to high levels of pollution in the Parisian suburb where they live. Environmentalists hailed the ruling as a crucial ... Read More »

France delays national school exams as heatwave begins


The French government on Monday said it was taking the unusual step of delaying national school exams scheduled for this week to protect pupils during a heatwave. Education Minister Jean-Michel Blanquer said the Brevet national diploma exam — a key test for children aged around 14 that was set for Thursday and Friday — would be delayed until next week. ... Read More »

France creates G7 cryptocurrency task force as Facebook’s Libra unsettles governments

Euro and US Dollar banknotes  are pictured on JUly 17, 2015 in Lille, northern France. AFP PHOTO / DENIS CHARLET (Photo by DENIS CHARLET / AFP)

PARIS : France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday. Governor Francois Villeroy de Galhau said the task force would be led by Benoit Coeure, a European Central Bank board member. Facebook Inc ... Read More »

Early Celts drank local beer and imported wine from Greece more than 2,000 years ago


The early Celts had their very own twist on getting drunk, according to chemical analysis of fragments from Bronze Age drinking vessels found in what is now France. The findings, published today in the journal PLOS ONE, shed light on how the drinking customs of these people varied depending on social class and occasion. It suggests they used both imported ... Read More »

US: 16.5 Tons of Cocaine Seized in Historic Bust


Authorities in Philadelphia snatched over a $1 billion worth of cocaine on Tuesday in what officials describe as one of the largest drug busts in US history. MSC Gayane docked early Monday morning in the Packer Marine Terminal after a month-long voyage from Buenaventura, Colombia. A routine customs check on Tuesday found traces of cocaine on the second mate’s arms, ... Read More »

All The Customised Royal Enfield Bikes Showcased at This Year’s Wheels and Waves in France


Royal Enfield unveiled the all-new BAAK Motocyclette build and ‘Nought Tea GT along with five other exciting custom motorcycles at the eighth edition of Wheels and Waves 2019. This year’s edition for the event was ‘Back to roots’ aimed at bikes that have taken inspiration from its legendary past. For the uninitiated, Wheels and Waves is one of Europe’s iconic ... Read More »

Belgium and France at Risk Over Public Finance


The European Commission has rebuked France and Belgium because of their public debts. The warning followed the declaration of disciplinary procedures against Italy. However, in contrast to Italy, the Commission agreed that disciplinary proceedings are not necessary in the case of these two countries. France ran into debt of 98.4% of its output last year, which is above the EU’s ... Read More »

Carrefour sees more retail sector consolidation, including in France


PARIS : The boss of Carrefour said on Friday the retail sector was bound to consolidate in the coming years, notably in France, as competition intensifies, and that his mission was to make sure the French retailer came out a winner. When asked if Carrefour could exit underperforming countries such as Italy or China, Alexandre Bompard told an annual shareholders ... Read More »

Seen as pro-business, France’s Macron tacks left at UN body

Trucks queue on a motorway in the direction of Italy near a the tunnel as people leave for holidays on April 14, 2017 in Chamonix, southeastern France. / AFP PHOTO / JEAN-PIERRE CLATOT

GENEVA : French President Emmanuel Macron has called for an EU-wide minimum wage and a stepped-up fight against inequality, in what represents a return to his left-leaning political roots as critics paint him as overly pro-business. In a speech to the U.N.’s main labour body, Macron alluded to the protests by the yellow vest anti-government movement in France that exposed ... Read More »

Trump threatens to put tariffs on French wine… again


US President Donald Trump on Monday lashed out at France for unfair tariffs on “great” American wine. Trump, who famously does not drink alcohol, said he would work to open the European market, again accusing France of creating unfair trade barriers to US wine exports. “France charges us a lot for the wine and yet we charge them very little ... Read More »

Iran sticks to ‘Look to the East’ doctrine amid frustration with Europe


Britain, France, Germany and the European Union — the European signatories to the Joint Comprehensive Plan of Action (JCPOA) — have offered little beyond frustration to Iran, which had been expecting them to provide the promised economic dividends of the accord in the face of US pressure that has been mounting since President Donald Trump’s withdrawal from the deal in ... Read More »

IMF urges France to step up reforms to rein in debt


PARIS: The International Monetary Fund on Monday warned France that its public debt is “too high for comfort”, calling on the nation to tackle the issue by stepping up spending reforms. In a report outlining preliminary findings of its 2019 mission, the IMF said tax and labour market reforms had helped keep the economy resilient despite slowing growth. But it ... Read More »

French Arms Not Loaded on Saudi-Destined Ship


The French anti-torture group ACAT has stated that the cargo Bahri Tabuk left for the port of Alexandria in Egypt earlier this week without a cargo of French weapons it claims were destined for use by Saudi Arabia in Yemen. Dockers from Fos-sur-Mer, France, helped to prevent loading of the military equipment. “We are delighted to see that French civil ... Read More »