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Politics Francois Hollande

  • PARIS— France's national audit office says the country's budget deficit could stand above the EU limit of 3 percent for the 10th consecutive year in 2017.. In a report published Thursday, the Court of Auditors points to "insincerity" in the budget prepared last year by the previous government of Socialist president Francois Hollande. Finance Minister Bruno Le...

  • PARIS— President Emmanuel Macron's government has launched an effort to redesign French labor rules, one of the most important and divisive promises of his presidency. Labor Minister Muriel Penicaud told RTL radio Wednesday the government is "moving the rules of the game" in hopes of tackling unemployment, hovering near 10 percent. Penicaud, a former director...

  • PARIS, June 26- France will make new public spending cuts across the board to meet the 3 percent EU deficit target in 2017, its finance minister said on Monday, after broadcaster TF1 cited national audit officials as saying it would overshoot estimates. Former President Francois Hollande's government had predicted 2.8 percent earlier this year, which would...

  • PARIS, June 26- Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process. Thomas Hollande, the son of former French President Francois Hollande who was acting as a lawyer for Tati's employees, said the deal would save the bulk of jobs at...

  • *Socialist Party won 29 seats, worst postwar performance. PARIS, June 19- After the Socialist Party's dismal showing in the first round of France's parliamentary election, an advert appeared on a property website: "Historic building for sale- former seat of the Socialist Party- at 10 Rue de Solferino. The number of Socialist seats in the 577 seat chamber plummeted...

  • *Socialist Party won 29 seats, worst postwar performance. PARIS, June 19- After the Socialist Party's dismal showing in the first round of France's parliamentary election, an advert appeared on a property website: "Historic building for sale- former seat of the Socialist Party- at 10 Rue de Solferino. The number of Socialist seats in the 577 seat chamber plummeted...

  • PARIS— President Emmanuel Macron's party, including untested novices, will be sweeping into the lower house of the French parliament, hogging a clear majority of seats after winning an overwhelming victory in Sunday's elections and clinching the young leader's hold on power. But he may be getting more than he bargained for with the entry into parliament of...

  • PARIS, June 15- South Korea's Naver Corp plans to open a startup incubator in the new Paris mega-campus for start-ups' Station F' that has been funded by billionaire Xavier Niel, said Fleur Pellerin, founder of venture capital investor Korelya Capital. The move is the latest sign of international interest in the French start-ups scene, which is gaining traction,...

  • PARIS, June 9- The French economy is set to expand slightly more than expected through 2019 thanks to stronger international trade, but is at risk of breaking its public deficit commitments, the central bank forecast on Friday. Though the economy- like the broader euro zone economy- was picking up faster than expected, Bank of France governor Francois Villeroy de...

  • PARIS, June 9- The French economy is set to grow slightly more than expected through 2019 thanks to stronger international trade, but is at risk of breaking its public deficit commitments, the central bank forecast on Friday. Growth should pick up from an estimated 1.4 percent this year to 1.6 percent in both 2018 and 2019, the Bank of France said in its biannual...

  • *French elect lower house of parliament on June 11 and 18. PARIS, June 5- Bastions are crumbling and loyalties shifting ahead of France's parliamentary elections. Such an outcome appeared uncertain before Macron's presidential victory a month ago, with many political pundits skeptical about whether the former banker's upstart party could secure over half...

  • *French elect lower house of parliament on June 11 and 18. PARIS, June 5- Bastions are crumbling and loyalties shifting ahead of France's parliamentary elections. Such an outcome appeared uncertain before Macron's presidential victory a month ago, with many political pundits sceptical about whether the former banker's upstart party could secure over half...

  • PARIS, June 2- Chinese investment group Fortune Fountain Capital said on Friday it has signed an agreement to buy a controlling stake in French crystal maker Baccarat from U.S investment firms Starwood Capital Group and L Catterton. Under the binding agreement, FFC will pay 222.70 euros per share, valuing the 88.8 percent stake at 164 million euros.

  • *Macron wants to spend 15 billion euros on training. SARCELLES, France, May 30- France, troubled for years by high unemployment, is now grappling with a lack of qualified workers. Many company bosses are pinning their hopes on newly-elected President Emmanuel Macron, and specifically his labour reform plans, to help find willing and able workers.

  • *Macron wants to spend 15 billion euros on training. SARCELLES, France, May 30- France, troubled for years by high unemployment, is now grappling with a lack of qualified workers. Many company bosses are pinning their hopes on newly-elected President Emmanuel Macron, and specifically his labour reform plans, to help find willing and able workers.

  • NEW YORK, May 23- More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain's vote to leave the European Union, former Bank of France chief Christian Noyer said on Tuesday. Noyer is leading the French government's efforts to lure London- based financiers to Paris as they seek...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labour reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labor reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time for...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labor reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time for...

  • PARIS, May 23- French unions urged President Emmanuel Macron on Tuesday not to try to hustle through his labour reform plans this summer, in contrast with calls from the main employers' group for swift measures to reinforce rising business optimism. The head of France's biggest moderate trade union said he had urged the newly-elected Macron to leave more time...