Europe Top News and Analysis France


  • Revenue at Eurotunnel, the Anglo-French tunnel railway operator, rose 7% to 252 million pounds ($511 million) in the first half of 2007, the company said on Wednesday.

  • The European Union on Tuesday chose France's Dominique Strauss-Kahn to head the International Monetary Fund.

  • Shareholders of Airbus' troubled parent company EADS are close to a deal that would end a cumbersome dual management system, an official said Monday.

  • France's crusading new president will charge Monday into a carefully balanced set of economic rules designed to keep the currency his nation shares with 12 other countries stable and trusted.

  • German Chancellor Angela Merkel has made it clear to French President Nicolas Sarkozy that Germany will firmly resist any efforts to impinge upon the European Central Bank's independence, Der Spiegel news magazine reported on Sunday.

  • Peugeot said its first-half sales were unchanged compared with the year-earlier period at 1.764 billion units, while its market share in Western Europe rose by 0.2% to 14.2%.

  • Le Tour de France

    It was the summer of 2002 and the Tour De France coverage was starting up on the Outdoor Life Network (now Versus). I had followed Lance Armstrong's triumphs for the three years prior in the race, but it's cycling, a sport I had never even been remotely interested in on a participatory or spectator level. But I gave OLN's coverage of the race a try and I fell in love with it. In fact, I'd even suggest that I watched the coverage so much my work productivity decreased.

  • French president Nicolas Sarkozy will host a meeting on Thursday that could help settle the fate of a planned 90 billion euro ($123 billion) merger between the country's utilities Gaz de France and Suez.

  • EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.

  • Sodexho Alliance said nine-month sales were 10.22 billion euros ($13.9 billion), up from 9.87 billion euros a year earlier, although like-for-like growth eased to 7.8% from the first half's 8.2% amid a comparison with strong year-earlier figures.

  • French food group Danone is in exclusive talks to sell its biscuit and cereal unit for 5.3 billion euros ($7.2 billion) in cash to Kraft Foods, the world's biggest cookie maker, they said on Tuesday.

  • France will press its European Union partners for more time to balance its budget so that it can implement structural reforms, the country's Europe minister said in an interview published today.

  • Warner Music chief executive Edgar Bronfman Jr. was questioned by a Paris court last week as part of an inquiry into alleged insider trading at Vivendi Universal (now Vivendi SA) in 2002, French daily Les Echos reported, citing sources close to the matter.

  • Kraft Foods, is understood to be in talks to buy the biscuit and cereal products division of Frances Groupe Danone, owner of the LU, Prince and Tuc biscuit brands, the Financial Times reported.

  • French consumer confidence strengthened in June as new President Nicolas Sarkozy pushed forward a tax relief plan and as unemployment fell to its lowest levels in 25 years, national statistics bureau Insee said Friday.

  • Shares in Alitalia gained 2.1% Friday following reports the Italian airline is considering a potential bid from Air France.

  • French President Nicolas Sarkozy plans to push for an alliance between Gaz de France and its Algerian counterpart Sonatrach when he visits Algiers in July, the Wall Street Journal reported.

  • Reinsurer Paris Re detailed its forthcoming $2 billion share flotation on Thursday, promising one of the French capital's biggest stock market listings so far this year.

  • Remy Cointreau, the maker of Remy Martin cognac and Piper-Heidsieck champagne, said Monday it swung to a loss in the fiscal full year after it incurred a one-time charge related to its leaving a distribution network.

  • France Telecom shares fell Monday after the French Finance Ministry said it plans to sell a stake in the company worth up to 3.7 billion euros ($5 billion) to cut public debt.