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☆ China's trade war with the US is unlikely to cool down this election year, so it's working on Europe instead
▼ + stars: | 2024-05-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Xi is spending two days in France, meeting French President Emmanuel Macron on Monday before heading to Serbia and Hungary. "I'm calling for an 'aggiornamento' because China is now in excess capacity in many areas and exports massively to Europe," Macron told La Tribune Dimanche, per a Bloomberg translation. She said China's trade practices are leading to unfair trade that are "market-distorting" and "could lead to deindustrialization in Europe." China has pushed back on the West's claims of overcapacity, accusing the bloc of being protectionist and of trying to curb China's economic development. However, Europe — like China — isn't quite the same anymore, following years of economic malaise punctuated by the pandemic and the war in Ukraine.

Persons: —, Janet Yellen, Olaf Scholz, Xi Jinping's, Emmanuel Macron, Macron, Matt Geraci, Geraci, Ursula von der Leyen, Von, Leyen, Léonie Allard, Allard, Xi Organizations: Service, State Authority, European Union, Business, La Tribune Dimanche, Atlantic, Associated Press, European, overcapacity, Council's Locations: China, France, Serbia, Hungary, European, Germany, Europe, Beijing, Washington, Russia, Ukraine

☆ France may sell real estate to cut deficit, review seniors' unemployment benefits
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron Acquire Licensing RightsPARIS, Nov 19 (Reuters) - France wants to reduce government spending on office space and may consider real estate sales in a bid to reduce the state deficit, the budget and finance ministers said in a media interview on Sunday. The government also plans to review unemployment benefits for seniors, they said. Budget Minister Thomas Cazenave told La Tribune that the government wants to reduce the amount of office space occupied by the administration by 25%. "We may also consider real estate sales," he added. ($1 = 0.9168 euros)Reporting by Geert De Clercq; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Digital Security Bruno Le Maire, Thomas Cazenave, Johanna Geron, Bruno Le Maire, Le Maire, Cazenave, Elisabeth Borne, Geert De Clercq, Hugh Lawson Organizations: Economy, Finance, Industry, Digital Security, French Junior, Public, REUTERS, Rights, Budget, La Tribune, Thomson Locations: Paris, France

☆ Europe urged not to repeat tech underdog role ahead of space talks
▼ + stars: | 2023-11-06 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] A model of Europe's next-generation space rocket Ariane 6 is pictured at the German Aerospace Center (DLR) in Lampoldshausen near Heilbronn, Germany, February 26, 2019. France, where manufacturer ArianeGroup is based, wants extra funding to help absorb cost overruns, industry sources said. Sources said last week there had been some progress in unblocking a three-way standoff between Europe's leading launch nations but that ministers still faced sensitive budget talks. Speaking ahead of the Seville meeting, ESA Director General Josef Aschbacher declined to comment on the talks but urged Europe not to repeat past mistakes in the technology sector. Europe has carved out a leading role in climate observation, navigation and space science but has not targeted a prime role in human exploration, opting instead for a junior role in projects led by U.S. space agency NASA or until recently Russia.

Persons: Ralph Orlowski, Josef Aschbacher, Aschbacher, we're, Tim Hepher, Robert Birsel Organizations: German Aerospace Center, REUTERS, European Space Agency, ESA, European Union, SpaceX, Ministers, Ariane, Tribune, NASA, U.S . Space Shuttle, Thomson Locations: Lampoldshausen, Heilbronn, Germany, Europe, Spain, Seville, Elon Musk's U.S, Ukraine, France, Italy, United States, Japan, China, U.S, Russia

☆ ECB's Lagarde: confident over 2% inflation target and Europe's winter gas situation
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsSummary Interview done on Oct 2, published on Oct 8Lagarde: confident over ECB's 2% inflation targetLagarde relatively confident over Europe's gas situationPARIS, Oct 8 (Reuters) - European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%, and relatively confident over Europe's gas reserves situation. Lagarde added the fact that inflation was "currently falling significantly" was one of several reason as to why she was not pessimistic regarding the short-term economic outlook. She added that other reasons for this were economic reforms underway in Europe, and because Europe's gas reserves situation was better than before. And, just one year ago, who would have thought that we would succeed in replenishing more than 90% of our gas reserves by September 2023?," said Lagarde. "This allows us to look towards the coming winter, if not calmly, then at least with a lot more confidence," she added.

Persons: Christine Lagarde, Yves Herman, Lagarde, Sudip Kar, Toby Chopra Organizations: European Central Bank, European Parliament's, Economic, Monetary Affairs, REUTERS, Central Bank, ECB, Tribune, Thomson Locations: Brussels, Belgium, PARIS, Europe

☆ A potential first-of-its-kind fighter jet purchase could be a sign Saudi Arabia isn't happy with what it's getting from the US
▼ + stars: | 2023-08-21 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Saudi Arabia is reportedly considering a large number of French-made Dassault Rafale fighter jets. In July, Germany announced it would not allow additional Eurofighter Typhoon fighter jets to be delivered Saudi Arabia. The Saudi air force's 72 Eurofighters are its second most numerous fighter type behind its US-made F-15s. Bandar Algaloud/ReutersIn the near-term, Saudi Arabia may find Rafales more burdensome than beneficial, given its extensive investment in US and British aircraft. A Saudi Air Force F-15 taxis for takeoff at King Faisal Air Base in February 2021.

Persons: France's, Toni Anne Barson, Sebastien Roblin, Prince Mohammed bin Salman, Joe Biden, Roblin, Salman, FAYEZ NURELDINE, Ryan Bohl, RANE, Rafales, Jamal Khashoggi, Bohl, Justin Bronk, Katherine Walters, Paul Iddon Organizations: Dassault Rafale, Saudi, Service, Privacy Policy, France's La Tribune, Eurofighter Typhoon, United Arab, La Tribune, French Dassault Rafale, Saudi Eurofighter Typhoon, Getty, East, NATO, Bandar Algaloud, Reuters, British, Royal Saudi Air Force, Royal United Services Institute, Saudi Air Force, King Faisal Air Base, US Air Force, Staff, Rafale, Washington Locations: Saudi Arabia, British, Riyadh, Wall, Silicon, Privacy Policy Saudi Arabia, Saudi, Germany, United Arab Emirates, Qatar, French, Provence, Washington, Yemen, Iran, China, France, AFP, London, Russia, North Africa, NATO, United States, Bandar, Croatia, Egypt, India, Indonesia, Greece

☆ Renault CEO says free float of future electric unit will be more than 10%
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 27 (Reuters) - A sizeable chunk of Renault's (RENA.PA) planned electric vehicle spinoff could remain in free float on the stock market, its CEO said in an interview published on Tuesday, declining comment on any further strategic investor who would join partners Qualcomm and Nissan (7201.T). "We need to leave some free float, because we still want to retain a significant majority ourselves", Luca De Meo told business daily La Tribune. "Porsche has left 10% free float, and I think that we are aiming for a higher percentage, a minority, but sufficient to ensure liquidity", he added, referring to the luxury carmaker's $72 billion stockmarket debut last year, the biggest in Germany since 1996. Sources have said Renault's future electric vehicle unit, Ampere, could be valued at up to 10 billion euros ($10.96 billion). And we have created a solid and excellent relationship with Makoto Uchida (...)."

Persons: Luca De Meo, Ampere, De Meo, Makoto Uchida, Tassilo Hummel Organizations: Qualcomm, Nissan, La Tribune, Porsche, Thomson Locations: Germany

☆ Dassault Aviation seeks more Rafale exports, defends business jets
▼ + stars: | 2023-03-09 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, March 9 (Reuters) - Dassault Aviation (AM.PA) highlighted negotiations for new Rafale fighter export orders and hit back at European critics of business jets as it posted higher profits on Thursday. It booked new orders worth 21 billion euros, including 92 Rafales and 64 Falcons. It delivered 46 jets including 32 Falcons in 2022, down from 55 including 30 Falcons in 2021. He said Dassault remained in talks to provide 26 carrier-borne Rafales to the Indian navy, in competition with Boeing's (BA.N) F/A-18 Super Hornet. One year's use of the global fleet of Falcon business jets is equivalent to 24 hours of global video streaming or five hours of worldwide truck traffic, he said.

☆ Flight AF447: Airbus and Air France charged with involuntary homicide for Rio-Paris crash in 2009
▼ + stars: | 2022-10-10 | by ( Jim Bittermann | ) edition.cnn.com time to read: +4 min

Paris CNN Business —The trial of two of France’s biggest companies began Monday over the crash of Air France flight 447 in 2009 that killed 228 passengers and crew. Air France denied the company was responsible for the crash and said the charges should again be dismissed. The Air France A330 aircraft plunged into the Atlantic Ocean in June 2009. It was a problem that had affected a few Airbus aircraft in the past, but one which the company had not corrected. Air France stands accused of failing to train pilots on how to respond to the kind of situation the crew faced.

☆ Flight AF447: Airbus and Air France stand trial over 2009 crash
▼ + stars: | 2022-10-10 | by ( Jim Bittermann | ) edition.cnn.com time to read: +4 min

Paris CNN Business —The trial of two of France’s biggest companies begins Monday over the crash of Air France flight 447 in 2009 that killed 228 passengers and crew. Air France denied the company was responsible for the crash and said the charges should again be dismissed. The Air France A330 aircraft plunged into the Atlantic Ocean in June 2009. It was a problem that had affected a few Airbus aircraft in the past, but one which the company had not corrected. Air France stands accused of failing to train pilots on how to respond to the kind of situation the crew faced.

☆ Franța dorește ca Parlamentul European să-și reia în iunie activitatea la Strasbourg
▼ + stars: | 2021-05-06 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Președintele francez Emmanuel Macron dorește ca Parlamentul European (PE) să-și reia din luna iunie activitatea la Strasbourg, după pauza cauzată de pandemia de COVID-19, a anunțat joi un reprezentant al Palatului Elysée, potrivit La Tribune„O revenire la activitatea normală pentru sesiunile plenare de la Strasbourg ar fi imperativă pentru noi”, a declarat oficialitatea citată. Șeful statului francez și-a exprimat constant nemulțumirea față de deciziile președintelui PE, David Sassoli, de a anula, din cauza pandemiei de COVID-19, numeroase sesiuni plenare ce au loc în mod normal la Strasbourg. Conform tratatelor europene, Parlamentul European are sediul la Strasbourg, unde se desfășoară anual 12 sesiuni plenare de câte trei zile. De la începutul epidemiei, sesiunile Parlamentului European au avut loc în general prin videoconferință, cu prezență redusă a europarlamentarilor și echipelor acestora. Ultima sesiune plenară care a avut loc la Strasbourg a fost cea din 10-13 februarie 2020.

Persons: francez Emmanuel Macron, David Sassoli Organizations: Parlamentul Locations: Strasbourg, francez, Bruxelles

☆ Promisiunile electorale ale candidaților la șefia țării ar putea rămâne doar pe foaie. ADEPT: „Multe dintre ele nu sunt conforme”
▼ + stars: | 2020-11-09 | by ( ) agora.md time to read: +3 min

„Dacă vorbim despre promisiunile făcute în domeniul social precum mărirea pensiilor și a salariilor, trebuie să știm că aceste atribuții aparțin Guvernului și nu președintelui țării”, a spus Boțan. Potrivit cercetării, dintre cele 156 de promisiuni electorale vociferate de Maia Sandu, doar 81 sunt conforme și doar 24 – parţial conforme. Dintre promisiunile expuse de candidatul independent Igor Dodon, 109 în total, doar 22 sunt conforme și doar 10 – parţial conforme. Zece acuzații aduse de Igor Dodon contracandidatei Maia Sandu Mai mulți primari ar fi fost impuși să semneze declarații de susținere pentru Igor Dodon. Deputat PAS: „Avem semnale că aleșii locali sunt mințiți” (DOC) Maia Sandu și Igor Dodon se vor întâlni față în față săptămâna viitoare.

Persons: Maia Sandu, Igor Dodon, Igor Boțan, Filip Organizations: Alegeri, CEC, PDM, Electorală Centrală Locations: Coaliției, Republica Moldova, AGORA

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