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Politics Francois Hollande

  • *French govt has made 50/ 50 ownership offer to Italy. PARIS, July 26- The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new President Emmanuel Macron. The threat raises the stakes in a standoff with Rome...

  • PARIS, July 26- The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new president Emmanuel Macron. Le Maire said Fincantieri was welcome to invest in STX but on an equal footing with French partners and...

  • PARIS, July 26- The French state said on Wednesday it would nationalize the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new president Emmanuel Macron. Le Maire said Fincantieri was welcome to invest in STX but on an equal footing with French partners and...

  • KUALA LUMPUR, July 13- Malaysia has put on hold a $2 billion plan to replace its aging fleet of combat aircraft, looking instead to upgrade its aerial surveillance capabilities to confront the growing threat of militancy inspired by the Islamic State group, a source with knowledge of the matter said. But Malaysia has shelved those plans for now as it looks to boost...

  • KUALA LUMPUR, July 13- Malaysia has put on hold a $2 billion plan to replace its aging fleet of combat aircraft, looking instead to upgrade its aerial surveillance capabilities to confront the growing threat of militancy inspired by the Islamic State group, a source with knowledge of the matter said. But Malaysia has shelved those plans for now as it looks to boost...

  • PARIS, July 11- France's Societe Generale could move 400 corporate and investment banking jobs from London as part of its Brexit plans, with most of them going to Paris, Chief Executive Frederic Oudea said. "At this stage, it seems quite clear that it will be necessary to relocate a certain number of jobs to the euro zone," Oudea told Reuters on the sidelines of a...

  • PARIS, July 10- The French government will push ahead with tax cuts promised by President Emmanuel Macron, sources said on Monday, rowing back on comments for the prime minister that some could wait. The cuts are a key plank of Macron's economy-boosting reforms, but their timing was thrown into doubt last week when Prime Minister Edouard Philippe suggested the...

  • PARIS, July 10- The French government will push ahead with tax cuts promised by President Emmanuel Macron, sources said on Monday, rowing back on comments for the prime minister that some could wait. The cuts are a key plank of Macron's economy-boosting reforms, but their timing was thrown into doubt last week when Prime Minister Edouard Philippe suggested the...

  • AIX-EN-PROVENCE, France, July 9- A government push to make France more "finance-friendly" is raising Paris' chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said. Eager to keep Frankfurt from getting the bulk of jobs that leave London, Prime...

  • 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, 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.