French President François Hollande called on the business community to fight terrorism and climate change at Davos.» Read More
Tax experts say the planned 75 percent tax rate on France's rich will bring in less than hoped, but still may convince the wealthy to relocate beyond the country's borders.
President François Hollande’s socialist government was facing mounting questions on Thursday night over whether it was preparing to back down on its controversial 75 percent marginal tax rate for the rich, the Financial Times reports.
The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.
Happy days are here again for the euro - for now, says this strategist.
With his first Bastille Day approaching on Saturday, François Hollande and his government have had a good start to his presidency, impressing the French with a down-to-earth style, the New York Times reports.
François Hollande, fresh from his first full eurozone crisis summit, is set to turn his attention to the daunting challenge of tackling France’s own rocky public finances: with tax rises looming, it could be a tough week for French business and the better-off. The FT reports.
Art Cashin of UBS discusses what to watch in the markets today, including the upcoming Greek elections. "This is a good weekend to have lots of ice cubes on hand," says Cashin.
The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.