Francois Hollande


  • PARIS, Sept 17- Fraud in France's indebted welfare system costs the country between 20- 25 billion euros per year and only a tiny fraction of that amount is ever recovered, an estimate by the French national auditor showed on Wednesday. By one measure, France has the most generous welfare system in the world.

  • PARIS, Sept 17- President Francois Hollande has angered everyone from medics to taxi drivers enough to drive them onto the streets in recent months but there is one profession few expected to see on the march: France's well-heeled "notaires".

  • PARIS, Sept 16- French Prime Minister Manuel Valls headed off a backbench revolt against his government on Tuesday, winning a confidence vote after promising to preserve France's social model while pushing pro-business reforms intended to boost economic growth.

  • FRANKFURT, Sept 16- The co-head of Deutsche Bank has backed the German government in a debate over how to jump-start the stalled euro zone economy, telling Reuters that structural reforms, rather than looser fiscal policy, are what is needed to boost growth.

  • PARIS, Sept 16- Prime Minister Manuel Valls vowed to preserve France's social model while pushing pro-business reforms ahead of a parliament confidence vote on Tuesday in which left-wingers have threatened to abstain in protest.

  • PARIS, Sept 16- Allies of French Prime Minister Manuel Valls tipped him to survive a confidence vote in parliament on Tuesday after the centre-left leader pursued a two-day charm offensive to cajole rebel backbenchers into the government camp. Socialist Party managers expect some 30 deputies to abstain in a vote whose result is due around 7:30 pm local time.

  • French prime minister wins confidence vote Tuesday, 16 Sep 2014 | 4:25 AM ET

    PARIS— French Prime Minister Manuel Valls won a vote of confidence on Tuesday in a tense ballot, allowing him to push through economic reforms that have divided his Socialist Party. The result denies the government its absolute majority, but still allows Valls to carry out reforms aimed at lifting France out of its economic crisis.

  • Business Highlights Monday, 15 Sep 2014 | 5:46 PM ET

    'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.

  • Why hire? French confront reasons for malaise Monday, 15 Sep 2014 | 10:52 AM ET

    PARIS— Marc Winocour and his two sons have enjoyed some success transforming the family farm into a field-to-table company that includes bread ovens, delivery trucks and a boutique. "When we are totally swamped, that is when we start talking about" hiring, said Emile Winocour, the older of the brothers.

  • *France sends fighter jets for reconnaissance mission over Iraq. PARIS, Sept 15- French President Francois Hollande called on Monday for united international action to tackle the threat from Islamic State militants as he opened a conference on Iraq bringing together members of a U.S.-led coalition.

  • PREVIEW-Hardest yet to come for France's Hollande Sunday, 14 Sep 2014 | 7:05 AM ET

    PARIS, Sept 14- A bitter public attack by a jilted ex-partner, a cabinet melt-down and the admission of broken economic promises have meant an uncomfortable three weeks for Francois Hollande.

  • *France had pledged to meet EU goals by 2015, set example. MILAN, Sept 12- France faced harsh criticism on Friday for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc's stagnating economy.

  • MOSCOW, Sept 12- President Vladimir Putin took a break from his official duties to slip into a Russian Orthodox Church this week and light a candle for fighters killed in eastern Ukraine. "I left a candle for those who died defending people in Novorossiya," he told reporters after emerging from the Church of the Holy Trinity on a Moscow hilltop.

  • LONDON, Sept 11- European leaders spoke early on Thursday and agreed to push ahead with a package of sanctions against Russia by the end of the week, due to its aggression towards Ukraine, British Prime Minister David Cameron's spokesman said.

  • LONDON, Sept 11- European leaders spoke early on Thursday and agreed to push ahead with a package of sanctions against Russia by the end of the week, due to its aggression towards Ukraine, the spokesman for British Prime Minister David Cameron said.

  • Despite economic fears, EU sanctions Russia again Thursday, 11 Sep 2014 | 7:08 AM ET

    BRUSSELS— The European Union on Thursday slapped more sanctions on Russia for helping separatists destabilize Ukraine, limiting Russia's access to its financial market, hitting the country's vital oil industry, curbing high-tech exports and targeting more officials with travel bans and asset freezes.

  • *Juncker unveils new 28- strong European Commission. BRUSSELS, Sept 10- The incoming head of the European Commission, Jean-Claude Juncker, unveiled an EU executive team on Wednesday that handed key economic responsibilities to French and British commissioners but overseen by others in a new-look hierarchy.

  • UPDATE 2-France breaks 2015 deficit-cutting promise Wednesday, 10 Sep 2014 | 6:17 AM ET

    *Sapin says France will need more time to rein in public finances. PARIS, Sept 10- France announced on Wednesday it was breaking the latest in a long line of promises to European Union partners to cut its public deficit, conceding it now would take until 2017 to bring its finances in line with EU rules.

  • Stalled France to miss deficit target until 2017 Wednesday, 10 Sep 2014 | 3:37 AM ET

    PARIS— France has revised down its growth forecasts and says it will miss its deficit target for another three years, confirmation that Europe's second-largest economy will emerge only slowly from its stagnation.

  • *U.S. crude for October delivery had risen 19 cents to $92.94 by 0034 GMT, after gaining 9 cents the day before to end declines over the previous three sessions. *Brent crude rose 28 cents to $99.44, snapping a four-day losing streak after it settled down $1.04 on Tuesday at $99.16, the lowest closing price since April 2013.