Tag: France

Wednesday, August 14th 2013 - 20:16 UTC
EU climbs out of 18-month recession led by Germany and France, but still fragile

European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
Saturday, August 10th 2013 - 16:18 UTC
France’s Alstom paid millions in bribes to secure contracts in Brazil

French power company Alstom paid millions of dollars in bribes to secure lucrative contracts in Sao Paulo state in 1998, a Brazilian newspaper reported this week. The Estado de Sao Paulo cited federal police documents as saying Alstom executives were among 10 people facing charges in connection with the scandal.
Monday, August 5th 2013 - 02:00 UTC
France drastically cuts defence; expects the Rafale can save it from further axing

France is to cut more than 30,000 defence posts and reduce or delay orders for jet fighters and other equipment as the socialist government seeks to balance the need for stringent spending cuts with a bid to sustain the country’s role as a big military power.
Friday, August 2nd 2013 - 02:33 UTC
France’s Council of State lifts ban on growing GM corn from Monsanto

The battle over growing genetically modified crops in France flared anew on Thursday as the country's top administrative court overturned a government ban on growing GM corn sold by the US giant Monsanto.
Wednesday, July 3rd 2013 - 03:25 UTC
Evo Morales' plane rerouted on suspicion Snowden on board.

The plane carrying Bolivian President Evo Morales home from Russia was rerouted to Austria on Tuesday after France and Portugal refused to let it cross their airspace because of suspicions that NSA leaker Edward Snowden was on board, the country's foreign minister said.
Thursday, June 27th 2013 - 04:56 UTC
France confirms recession and budget deficit above EU 3% ceiling

The weak state of the French economy and uncertain outlook for budget targets was in focus on Wednesday after official data confirmed that the country is in recession. Weak growth and public finances in France are of acute concern to the European Commission and to Germany which is the main powerhouse in the Euro zone.
The figures are also watched closely on nervous financial markets.
Thursday, June 13th 2013 - 09:23 UTC
France conditions EU/US free trade talks demanding exclusion of movies and digital media

France threatened to block the start of free trade talks between the European Union and the United States if movies and digital media are not kept out the negotiations. Two days before EU countries are supposed to give the go-ahead for negotiations France said it would veto the talks unless the sector - that it sees as crucial to its cultural identity and under threat from Hollywood - is excluded.
Wednesday, May 15th 2013 - 22:15 UTC
EU recession for the sixth consecutive quarter; France joins the club with 0.2% contraction

Wednesday’s economic growth numbers make it official: the Euro zone is in its longest recession since records began in 1995. The 17-nation economy shrank by 0.2% between January and March, compared with last quarter's decline of 0.6%, deepening the bloc's recession as economic output fell for the sixth consecutive quarter.
Friday, April 19th 2013 - 05:39 UTC
IMF chief summoned to appear before French court over an arbitration payment

IMF chief Christine Lagarde has been summoned to appear before a French magistrate on May 23 for questioning over an arbitration payment to a wealthy supporter of former President Nicholas Sarkozy, news website Mediapart reported.
Friday, April 19th 2013 - 02:38 UTC
France conditions EU/US trade talks to the exclusion of cultural items

France said it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.