Friday , November 15 2019
Breaking News


Beaches in south west France closed after 900kg of cocaine washes ashore

French authorities have closed beaches in south west France as packages of cocaine and other drugs continue to wash up daily along the Atlantic coast, with nearly 900kg discovered since mid-October. Officials say the cocaine is extremely pure at some 83 percent, warning people who find the packages not to touch them but to warn the police. That has not ... Read More »

French firm Axereal seals acquisition of Cargill’s malt business

Axereal, France’s largest grain cooperative, said it had sealed its previously-announced acquisition of Cargill’s malt business, in a deal which would make Axereal’s Boortmalt unit the world’s leading company in terms of malt production. Boortmalt will take over all of Cargill’s malt activities, featuring 16 malthouses in nine countries, nearly 600 employees, and with a total production capacity of 1.7 ... Read More »

EU Chamber says China’s new foreign investment law is ‘surprisingly accommodating’

BEIJING — At least on paper, the Chinese government is trying to show how serious it is about improving the local business environment for foreign companies. Joerg Wuttke, president of the European Union Chamber of Commerce in China, told reporters Friday that based on a preliminary look at the country’s new foreign investment law, “It is surprisingly accommodating to all ... Read More »

France Product Lifecycle Management (PLM) Market Analysis Report 2019

The France PLM Market Analysis Report provides a comprehensive assessment of the PLM market in France and includes over 25 tables and charts. Tables highlight investments in PLM-related software and services for the PLM market, as well as for the major PLM market sub-segments. The report also provides five-year forecasts for PLM investments. In addition, the estimates of revenue performance ... Read More »

Hinkley Point builder accused by France of ‘unacceptable’ failings

President Macron’s economy minister has accused the French state-owned company building Britain’s new nuclear plant of “unacceptable” failings as he threatened sweeping change at the group. Bruno Le Maire said yesterday that the French nuclear sector was like “a state within a state” and he denounced cost overruns and delays in the construction of the Hinkley Point C nuclear reactor ... Read More »

UK customs says staff shortage won’t mean Brexit anarchy

PARIS : Britain does not have enough customs agents to cope with the additional stresses of a no-deal Brexit, one of the officials responsible for infrastructure at its border with the EU said on Thursday, though she dismissed fears of “anarchy in the UK”. Just weeks before Britain is due to leave the European Union on Oct. 31, there is ... Read More »

European stocks sink after weak business surveys

Germany’s main share index fell over 1% on Monday, leading European markets lower after business activity readings from across the euro zone suggested growth had ground to a halt. Surveys showed growth in services and manufacturing in the euro zone, Germany and France had all stalled in September, fanning concerns of a slide towards recession and suggesting further support for ... Read More »

Panicked Macron prepares for no deal Brexit with trial customs checks on French border

FRANCE has ramped-up preparations for a no deal Brexit on October 31 by conducting trial customs check on goods arriving at the French border as the EU-UK impasse shows no signs of breaking ahead of the Halloween deadline. Britain is scheduled to leave the European Union in just 43 days time without an agreement – which will see the UK ... Read More »

Google to pay €1bn to end French tax probe

Google is to pay French authorities almost €1bn (£900m) to end a long-running investigation into its taxes. The settlement includes a €500m fine and additional taxes of €465m, but it is less than the tax bill authorities had accused Google of evading. It rounds off a four year investigation that saw authorities raid Google’s Paris headquarters in 2016. Investigators said ... Read More »

France accuses Boris Johnson of seeking pre-Brexit ‘mini-deals’

France has accused Boris Johnson’s government of seeking to manipulate the Brexit process by negotiating a series of unacceptable “mini-deals” with individual EU member states instead of dealing with the EU collectively. Amélie de Montchalin, the French minister for Europe, said the British were trying to organise bilateral meetings “to organise what they call a ‘managed no-deal’”. “What the British ... Read More »

Customs officials from nine countries check lorries in Luxembourg

Over the past two days, lorries with dangerous goods were stopped and checked at the border with France and at the Howald Customs Centre. The initiative occurred in the context an international collaboration project which has been running through Europe for two years. This year, it was Luxembourg’s turn. Pascal Grisius worked in a team of 40 customs officials, including ... Read More »

Eurotunnel reveals new customs system as it says it’s ‘ready for Brexit’

Eurotunnel is ready for Brexit, it told investors today, as it aimed to quell fears that there could be disruption to the key trade route. Around 5,000 trucks use the Channel Tunnel every day and the Paris-listed company has introduced a two-lane system for trucks post-Brexit. The system will see customs officials carry out checks on each side of the ... Read More »

US, France to lead talks on a global digital tax

PARIS : France and the United States agreed to take leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020. French Finance Minister Bruno Le Maire said Thursday that both countries will be working in a task force with the Paris-based Organization for Economic Cooperation and Development. Le Maire will meet with U.S. Treasury ... Read More »

Trump Offers Johnson Sympathy in Facing Brexit

The Latest on the summit of leaders from the Group of Seven democracies (all times local): U.S. President Donald Trump offered U.K. leader Boris Johnson sympathy as he tries to win a Brexit deal, suggesting that the European Union would drive a hard bargain and that it would be “tough.” Speaking at the end of the G-7 summit in France, ... Read More »

Tehran ready to discuss Macron’s new plan to keep Iran in nuclear deal

The French president floated a new proposal to Iran on how to soften the blow of the US withdrawal from the nuclear deal. The Iranian foreign minister said Tehran is ready to discuss it. The 2015 international agreement lifted economic sanctions from Tehran in exchange for accepting restrictions on its nuclear industry. Last year, Washington pulled out of the deal ... Read More »

Amazon is passing along costs of a new digital tax to thousands of French sellers

Virginie Lemaire recently opened her email to an unsettling message from Amazon: fees for sellers like her in France will be increasing by 3%. Lemaire, a single mother of two, started her jewelry company Perle d’un jour in 2011. Trained as an artisan jeweler, she makes handmade custom pieces like necklaces, bracelets and rings. The French small business owner started ... Read More »

France expels German national ahead of G7 summit

PARIS: French authorities have expelled a German national ahead of next week’s G7 summit in France, which he was supposed to be covering for a German radio station, the interior ministry said Thursday. The man, whose name was not released, was arrested in southern France a week ago, and had been the target of an expulsion order since July 18, ... Read More »

France threatens to BLOCK UK fish exports and not let ‘a single kilo’ into EU

Ministers have pledged to use Britain’s EU divorce as an opportunity to reclaim control of the country’s territorial waters and have rejected linking fishing rights to a future trade deal with Brussels. This has infuriated the regional fisheries committee in Northern France, who are behind the threats to blockade Calais. Its chairman Olivier Lepretre said: “If there is a hard ... Read More »

CyBERG prepares to expand Kajahu concept to U.K., France

CyBERG Nyrt., a company listed on the Xtend platform of the Budapest Stock Exchange (BÉT) which runs Kajahu, a “social digital restaurant brand,” is preparing to open a unit in London and has signed an agreement with a consultant which will support its expansion in France. CyBERG said in a disclosure that it has signed an agreement with Gira Conseil, ... Read More »

Amazon to pass cost of France’s new digital tax on to French clients

Amazon plans to pass on the costs of France’s new digital tax on internet giants to the businesses that use its Marketplace platform for finding customers, instead of taking the hit itself, the US online retailer said Thursday. The levy, approved last month, put France at the vanguard of countries seeking to force big technology firms to pay more in ... Read More »