Yahoo is buying Tumblr for $1.1 billion, and wealthy households in France paid more than 100 percent of their income in taxes in 2012. CNBC's Robert Frank and John Carney discuss.» Read More
Yahoo is buying Tumblr for $1.1 billion, and wealthy households in France paid more than 100 percent of their income in taxes in 2012. CNBC's Robert Frank and John Carney discuss.
May 20- The final countdown is under way to the maiden flight of the Airbus A350, Europe's answer to the Boeing 787 Dreamliner. *First, engineers at Airbus headquarters near Toulouse in southern France will turn on the Auxiliary Power Unit, a small turbine engine under the tail, used for power on the ground.
*Paris air show flypast depends on maiden flight. PARIS, May 20- Airbus could steal the Paris air show with a flypast of its newest passenger jet, the A350, as confidence grows over a maiden flight some four weeks away.
NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
*Nigeria says to cut domestic debt over 3-5 years. LAGOS, May 20- Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs, the head of the debt office said on Monday.
CANNES, France-- The Coen brothers' resurrection of the pre-Dylan folk scene in Greenwich Village serenaded Cannes with its period music and melancholy tale of a self-destructive, feline-toting musician. "Inside Llewyn Davis" was met rapturously at the Cannes Film Festival, where it premiered Sunday night.
ALGIERS, Algeria-- An editor has accused Algeria's government of censorship after it blocked the publication of his two newspapers.
MONACO-- The glittering star power of Cannes migrated up the coast to Monaco for front-row seats at Dior's colorful, sexy cruise fashion show. With the Mediterranean Sea the picturesque backdrop, Dior showcased its 2014 collection on Saturday night.
CANNES, France-- There's something nasty lurking in the woods _ and inside the characters' heads _ in darkly comic Cannes Film Festival entry "Borgman." Van Warmerdam established a distinctive vein of macabre humor in previous films including the fairy tale-inspired "Grimm" and acerbic old-age portrait "The Last Days of Emma Blank."
LONDON, May 20- U.S. corn futures were lower for new crop contracts on Monday, weighed by a pick-up in planting progress in the United States, while tight supplies boosted old crop prices.
LONDON/ STRASBOURG, France, May 20- A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.
*MSCI Asia Pacific ex- Japan rises 0.9 percent. SINGAPORE, May 20- The yen edged higher on Monday after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose in response to U.S. equities rallying on upbeat economic data.
PARIS, May 19- France is in talks with the United States and Israel to buy intelligence-gathering drones to build up a modern fleet, Defence Minister Jean-Yves Le Drian said on Sunday. There are currently two countries in the world that build drones, the United States and Israel, " Le Drian said on TV channel iTele.
France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
BERLIN, May 19- France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.
PARIS, May 18- More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros.
PARIS, May 18- Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, Congolese officials said on Saturday.
PARIS, May 18- France has received approval from the U.S. With its current hardware increasingly outdated, France is urgently trying to build up a modern fleet of drones for surveillance operations in countries such as Mali.
NEW YORK, May 18- Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.
Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.