CashNews.co President Emmanuel Macron has named the EU’s former Brexit negotiator Michel Barnier as France’s next prime minister in a bid to break a post-election political stalemate. Barnier, 73, is a veteran of France’s conservative Les Républicains, a party Macron has wooed to find a candidate with a shot at commanding majority support in the […]
CashNews.co (Reuters) – Consumer prices in France rose 2.6% year-on-year in May, statistics office INSEE said on Friday, slightly revising down its preliminary reading of a 2.7% increase published in late May. EU-harmonised year-on-year inflation in the bloc’s second-biggest economy accelerated in May in comparison to the April reading of 2.4%. This slight acceleration is […]
CashNews.co THE French Development Agency (AFD) Financial Systems Division visited PNG for a week to support the Inclusive Green Finance Project (IGFP). This visit follows AFD’s Greening the Pacific Financial Systems Program (GPFS) €6 million grant agreement, signed between AFD and GGGI in March 2024. Under this program, AFD has allocated €2.8 million to support […]
CashNews.co France’s Finance Minister Bruno Le Maire has expressed concern about the “extremely rapid increase in local government expenditure” (Alain JOCARD) The public deficit in France is at risk of reaching 5.6 percent of GDP this year and even 6.2 percent in 2025, the finance ministry has warned, as a political crisis rumbles on. The […]
CashNews.co By Sruthi Shankar and Jesus Calero (Reuters) -European stocks gained on Monday, with French shares leading the charge after the far-right National Rally (RN) party scored historic gains in the first round of parliamentary elections, but by a smaller margin than what some opinion polls had suggested. France’s blue-chip CAC 40 index jumped 1.1% […]
CashNews.co By Sudip Car-Secret PARIS (Reuters) – France’s dominant services sector expanded in April for the first time in almost a year, helping offset continued weakness in manufacturing, according to a monthly survey. The HCOB flash purchasing managers index (PMI) for France’s services sector, compiled by S&P Global, rose to 50.5 points in April from […]
CashNews.co Michel Barnier, the EU’s former Brexit negotiator now picked as prime minister to help France avoid a political crisis, has not always had kind words for his new boss, Emmanuel Macron. “The president has governed this country, inside and overseas, in a solitary and arrogant manner,” the 73-year-old veteran centre-right politician said in a […]
CashNews.co LONDON/PARIS (Reuters) – France’s finance ministry has asked a court to fine retailer Carrefour over contracts with franchisee stores that it says were unbalanced in its favour, it said on Tuesday, a move the group denounced. The ministry’s General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) said in a statement that […]
CashNews.co Flamanville has been beset by problems (Lou BENOIST) France’s newest nuclear reactor, plagued by massive delays and cost overruns, shut itself down automatically Wednesday just a day after starting up for the first time. The European Pressurised Reactor (EPR) in Flamanville, Normandy is going through a “long and complex startup process requiring many trials […]
CashNews.co By Stefano Rebaudo (Reuters) -The premium that investors demand to hold French government bonds fell from a 12-year high on Monday after the first round of voting in the country’s parliamentary election suggested a hung parliament was the most likely eventual outcome. Investors hoped that there was now less chance that either the far […]