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Francois Hollande

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  • French jobless total hits new record in October - govt Thursday, 27 Nov 2014 | 12:00 PM ET

    PARIS, Nov 27- More people were unemployed in France in October than ever before, data showed on Thursday, highlighting continued weak activity in the euro zone's second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 28,400 to 3,460,900, a 0.8 percent increase over one month and 5.5 percent over one year.

  • France suspends delivery of warship to Russia Tuesday, 25 Nov 2014 | 6:53 AM ET

    PARIS— France suspended the delivery of a warship to Russia on Tuesday, after months of speculation about what would be the biggest arms sale ever by a NATO country to the Kremlin. Russia annexed Crimea from Ukraine in March. Russia's ambassador to France told The Associated Press on Tuesday that there's a grace period in the contract and Russia isn't demanding...

  • Safran opens composites plant for LEAP jet engine Monday, 24 Nov 2014 | 9:54 AM ET

    COMMERCY, France, Nov 24- French President Francois Hollande on Monday inaugurated a $200 million Safran plant in eastern France designed to make carbon-composite parts for its new LEAP aircraft engine. LEAP is the latest engine produced by the CFM International joint venture between Safran and General Electric, and will power the next generation of Boeing...

  • *Washington conciliatory after secret talks angered Paris. *France risks losing out commercially if Iran deal struck. France, a U.N. Security Council veto-holder, has long held out for strict terms trading a loosening of international sanctions on Iran's oil-based economy in return for commitments by Tehran to show its nuclear work is as peaceful as it insists.

  • *Measure seen as France no longer wanting to work, he says. PARIS, Nov 20- The 35- hour work week introduced in France by a socialist government in 2000 gave off a "negative signal" and should not be sacrosanct, Economy Minister Emmanuel Macron said on Thursday, breaching a major left-wing taboo. Right-wing politicians, foreign investors and many economists have...

  • Just days after host Australia was embarrassed into addressing climate change at the Group of 20 Leaders Summit in Brisbane, Abbott defiantly held his country's line- the polar opposite of most other G20 nations. The Green Climate Fund now stands at $7.5 billion following pledges by the United States, Japan, France, Germany, Mexico and South Korea.

  • Russian president denies he fled summit pressure Sunday, 16 Nov 2014 | 5:18 AM ET

    BRISBANE, Australia— Russian President Vladimir Putin made an early exit on Sunday from a two-day summit of world leaders where he was roundly criticized over Russia's escalating aggression in Ukraine, but brushed off suggestions that he had felt pressured. He also departed Australia shortly before President Barack Obama and European leaders opened their...

  • *German GDP up 0.1 pct q/q, France +0.3 pct. BERLIN/ PARIS, Nov 14- Germany narrowly avoided recession in the third quarter of the year and France exceeded low expectations, putting the euro zone on course for anaemic growth but no contraction. France expanded by 0.3 percent on the quarter, beating forecasts for 0.2 percent growth, marking its best performance in more...

  • MOSCOW, Nov 7- Russia is committed to the peace process in eastern Ukraine and wants further talks on ending the conflict between government forces and separatists, the Kremlin said on Friday. "We support the continuation of the Minsk process and advocate holding another meeting of the Contact Group," Ushakov told reporters, referring to a ceasefire agreement...

  • PARIS, Nov 7- France's economy is on course to grow 0.1 percent in the final quarter of the year, led by modest gains in industrial and services activity, the central bank said on Friday in a first estimate for that period. The Bank of France has previously estimated that the euro zone's second-biggest economy grew 0.2 percent in the third quarter after stagnating...

  • French lawmakers seek clarity on Qatar tax breaks Thursday, 6 Nov 2014 | 7:09 AM ET

    PARIS, Nov 6- The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France's closest Gulf ally. In Qatar's case the concessions were granted by ex-president Nicolas Sarkozy in 2008 and exempt Qatari investors from taxes on profits made when they sell...

  • MOSCOW, Oct 31- Russian President Vladimir Putin, German Chancellor Angela Merkel, French President Francois Hollande and Ukrainian President Petro Poroshenko, in a telephone call, welcomed an agreement on gas supplies to Ukraine, the Kremlin said. "The leaders welcomed the agreements reached on the conditions of supply and transit of Russian natural gas to...

  • BRUSSELS, Oct 28- The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability. A day after Paris and Rome amended their 2015 budgets in the hope of avoiding censure from the European Union executive, the...

  • BRUSSELS, Oct 28- The European Commission called tweaks to France and Italy's 2015 budgets "useful and constructive" on Tuesday as it prepared to decide whether the countries' efforts to curb their deficits have been enough to meet EU rules. "We are still analyzing the information that was sent to us by Italy and France in particular," a Commission spokesman said on...

  • France to trim 2015 budget deficit further Monday, 27 Oct 2014 | 11:32 AM ET

    PARIS, Oct 27- The French government plans to cut its budget deficit by an additional 3.6- 3.7 billion euros next year, Finance Minister Michel Sapin said on Monday, adding that this should allow Paris to respect EU-deficit rules. Together the cost-savings and extra measures should allow France to reduce its structural deficit, which excludes the impact of...

  • *Italy, France want more spending room despite EU budget rules. With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc's response to the 2009-2012 crisis. France and Italy are pushing for more spending room in their budgets in...

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession". After the bloc's revival came to a halt in the...

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession." After the bloc's revival came to a halt in the...

  • UPDATE 1-Stagnating euro zone seeks German shift Friday, 24 Oct 2014 | 8:18 AM ET

    *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy sought on Friday to bridge stark differences with Germany over how to avert economic stagnation and deflation, but Chancellor Angela Merkel warned her peers against repeating the euro zone's debt crisis. After the bloc's revival came to a halt in the second quarter,...

  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...