DIRS.INFO The most relevant business & tech news

☆ European markets set for lackluster open as traders continue to focus on earnings
▼ + stars: | 2024-10-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open in flat to lower territory Tuesday as traders in the region await more earnings reports. Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures. Europe's largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued better-than-expected third-quarter earnings. Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of mega-cap technology earnings this week, including Meta Platforms and Microsoft on Wednesday and Apple on Thursday..

Persons: Germany's DAX Organizations: France's CAC, IG, Adidas, Lufthansa, Novartis, Santander, BP, HSBC, Tuesday, Meta, Microsoft, Apple Locations: Asia, Pacific

☆ European markets head for mixed open as investors review geopolitical tensions
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a lackluster note Monday as investors review the geopolitical situation in the Middle East. The U.K.'s FTSE 100 index is expected to open 8 points lower at 8,243, Germany's DAX up 30 points at 19,747, France's CAC up 12 points at 7,508 and Italy's FTSE MIB up 108 points at 34,648, according to data from IG. Market participants will be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies. U.S. equity futures jumped as investors looked ahead to a batch of mega-cap technology earnings to keep driving the Nasdaq Composite to new heights this week.

Persons: Germany's DAX Organizations: France's CAC, IG, Citi, Nikkei, Nasdaq Locations: Israel, Iran, Asia, Pacific

☆ Moody's downgrades France's outlook
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoody's downgrades France's outlookMoody's changes the outlook for France to "negative" on concerns over its debt and deficit levels. CNBC's Charlotte Reed reports.

Persons: Charlotte Reed Locations: France

☆ European stocks set for another mixed open with more earnings to come
▼ + stars: | 2024-10-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are expected to open in mixed territory on Thursday, as traders await another batch of earnings reports, and as U.S. market declines weigh on global sentiment. The U.K.'s FTSE 100 index is expected to open 26 points higher at 8,281, Germany's DAX down 6 points at 19,377, France's CAC down 3 points at 7,495 and Italy's FTSE MIB up 17 points at 34,532, according to IG data. It's another busy day of European earnings on Thursday with Barclays , Renault , Unilever , Hermes , Sodexo , Saab, Danone and Dassault Systemes among those reporting.

Persons: Germany's DAX Organizations: France's CAC, Barclays, Renault, Unilever, Hermes, Saab, Danone, Dassault Systemes

☆ How things went from bad to worse for Jeep-owner Stellantis
▼ + stars: | 2024-10-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +6 min

After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.

Persons: Carlos Tavares, Tavares, —, Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois

☆ European markets set to start the new trading week in mixed territory
▼ + stars: | 2024-10-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading toward a mixed start to the new trading week. The U.K.'s FTSE 100 index is expected to open 17 points higher at 8,373, Germany's DAX down 12 points at 19,644, France's CAC up 1 point at 7,611 and Italy's FTSE MIB up 55 points at 35,087, according to data from IG. Regional markets had ended last week on a high note after the European Central Bank announced its third interest rate cut of the year last Thursday, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union are seen to be easing faster than anticipated. Overnight, Asia-Pacific markets were mixed as traders assessed China's loan prime rate announcement, with focus also on Japan's general election at the end of this week. Stateside, stock futures ticked higher Sunday night after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024.

Persons: Germany's DAX Organizations: France's CAC, IG, Regional, European Central Bank, Dow Jones Industrial Locations: European Union, Asia, Pacific

☆ Eutelsat uses SpaceX rocket to launch first satellites after merger
▼ + stars: | 2024-10-20 | by ( ) www.cnbc.com time to read: +2 min

Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off, with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. "This is the first OneWeb launch of the satellites since the merger," CEO Eva Berneke told Reuters in an interview. The Paris-based group formed by the merger in September last year of France's Eutelsat and Britain's OneWeb has a constellation of over 600 low earth orbit satellites that cater to broadcasters, telecom companies and radio stations. It sits there until India gets open, the day it gets open, we'll start building," Berneke said.

Persons: Eva Berneke, France's, OneWeb, Berneke Organizations: Elon, SpaceX, Vandenberg Space Force Base, Reuters, Telstra, U.S Locations: Paris, India, Saudi Arabia

☆ European markets set for mixed open as investors digest third ECB rate cut of the year
▼ + stars: | 2024-10-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

European markets were headed for a mixed open on Friday as investors digested the European Central Bank's decision to cut interest rates yet again and awaited fresh economic data and earnings. Germany's DAX , the U.K.'s FTSE 100 and France's CAC 40 are all expected to slip when markets open, according to IG data, while Italy's FTSE MIB is on track to rise. The pan-European Stoxx 600 ended Thursday in the green, with almost all sectors and regional bourses trading in positive territory. It came as the ECB announced its third interest rate cut of the year, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union ease faster than anticipated. On Friday, investors will be watching the latest U.K. retail sales data and quarterly earnings from Volvo Group.

Persons: Germany's DAX Organizations: Central, CAC, ECB, Volvo Group, Dow Jones Locations: European Union, Asia, Pacific, China, Hong Kong

☆ European stocks set to open lower as global markets see declines; ASML earnings due
▼ + stars: | 2024-10-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.

Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe

☆ Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Cloud startups raised $62.5 billion in Europe, Israel and the U.S. in 2023, the report found. Funding is up 65% from the $47.9 billion cloud firms raised four years ago, according to Accel. AI is eating softwareMuch of the growth of funding in cloud is being driven by excitement around AI. Globally, companies building so-called foundational models, which power much of today's generative AI tools, account for two thirds of overall funding for generative AI firms, Accel said. Big Tech's AI splurgeThe U.S. took the lead globally in terms of overall regional generative AI investment raised.

Persons: OpenAI, ChatGPT, Philippe Botteri, Botteri, Accel's, Anthropic, Elon Musk's xAI, Britain's, France's Mistral, Accel, Dev Ittycheria, Ittycheria Organizations: Accel, Venture, Microsoft, CNBC, Accel —, Nasdaq, Alpha, Google Locations: U.S, Europe, Israel, genAI

☆ Airbus to cut up to 2,500 jobs in defense and space
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.

Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S

☆ European markets set for positive open, tracking Wall Street higher
▼ + stars: | 2024-10-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a positive open Tuesday, with global markets broadly tracking gains on Wall Street. The U.K.'s FTSE 100 index is expected to open 40 points higher at 8,324, Germany's DAX up 86 points at 19,586, France's CAC up 27 points at 7,621 and Italy's FTSE MIB up 125 points at 34,653, according to data from IG. The positive start for Europe comes after gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 reach new intraday highs and record closes. Asia-Pacific markets were mixed overnight, but regional chip stocks rose, boosted by Nvidia's share price rising 2.4% Monday before closing at a record high. In Europe Tuesday, earnings are set to come from LVMH and Ericsson and data releases include the U.K.'s latest unemployment figures, French inflation data and the Europe and German ZEW index of economic sentiment.

Persons: Germany's DAX Organizations: France's CAC, IG, Dow Jones Industrial, Nvidia's, LVMH, Ericsson Locations: Europe, Asia, Pacific

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

☆ European markets expected to open slightly higher; UK economy expands 0.2% in August
▼ + stars: | 2024-10-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Heavy rain clouds pass over the city of London skyline on September 23, 2024 in London, United Kingdom. European markets are expected to open slightly higher on Friday as investors take in U.K. gross domestic product (GDP) figures and look ahead to highly anticipated fiscal stimulus from China. The U.K.'s FTSE 100 index is poised to open 19 points higher at 8,254, Germany's DAX 23 points higher at 19,228, France's CAC up 15 points at 7,559 and Italy's FTSE MIB 11 points higher at 33,943, according to data from IG. The U.K. economy returned to growth in August, according to official data published on Friday. Asia-Pacific markets mostly traded higher on Friday, breaking ranks with U.S. stocks, which saw key benchmarks dip overnight as investors reacted to a hotter-than-expected U.S. inflation report.

Persons: Germany's DAX Organizations: France's CAC, IG, Reuters ., U.S, CSI Locations: London, United Kingdom, China, U.K, Reuters . Asia, Pacific, Hong Kong

☆ Main spending cuts and tax increases in France's 2025 budget
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

France's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts. France will cut its foreign aid budget by 1.3 billion euros. Subsidies for apprentices and other jobs will be cut by 2.1 billion euros. Green subsidies, in particular those for insulation and the purchase of electric cars, will be cut by 1.9 billion euros. The planned increase of pensions due to inflation on Jan. 1 will be postponed by six months, saving 3.6 billion euros.

Locations: France

☆ When Europe’s railroad dining cars were the height of luxury
▼ + stars: | 2024-10-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

The most luxurious experience of them all, however, could be found in the dining car. The latter was the first train car to offer on-board meals, including regional specialties like gumbo, which were prepared in a 3-foot-by-6 foot kitchen. By the 1870s, dining cars could be found on sleeper trains across North America. But this decentralized production model also contained the seed of dining car’s ultimate demise. And despite a revival of interest in train travel on the continent, dining cars (or certainly those equipped with kitchens) are now largely the preserve of tourist services.

Persons: —, impeccably, Henri Opper de Blowitz, Francois Guillot, Graham Greene, Agatha Christie, Charles Dickens, George Pullman, ”, Pullman, Georges Nagelmackers, Arthur Mettetal, “, René Prou, glassmaker, ” —, Mettetal, ” Mettetal Organizations: CNN, Orient Express, Gare de, Getty, New, Compagnie Internationale des, Orient, Nord, Express, “, Pullman, Deco, Italy —, Bettmann, SNCF, Documentation Department Locations: Gare, Gare de l’Est, Paris, Europe, Constantinople, Istanbul, AFP, Britain, America, New York, North America, Belgian, Saint Petersburg, Lisbon, France, North Africa, East, London, Vichy, Switzerland, Italy, Toulouse

☆ Europe's richest person is about to buy a soccer club with Paris FC deal
▼ + stars: | 2024-10-10 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Bernard Arnault's family is set to become a majority shareholder in Paris FC. AdvertisementBernard Arnault's family is set to invest in Paris FC football club alongside Red Bull as the billionaire LVMH CEO further embraces the world of sport and its lucrative sponsorship opportunities. Red Bull will acquire a 15% stake. "LVMH operates a global business and needs to find global audiences and global languages," Luca Solca, a senior analyst at Bernstein covering global luxury goods, told Business Insider. LVMH and Red Bull did not immediately respond to a request for comment from Business Insider.

Persons: Bernard Arnault's, LVMH, —, Red Bull, Pierre Ferracci's, Arnault, Louis Vuitton, Moët Hennessy, Luca Solca, Bernstein Organizations: Paris FC, Rolex, Service, Paris FC football, Bloomberg, Ligue, TAG, Olympic, Paralympic Games, Business Locations: Paris, LVMH, Swiss

☆ Voting in the UK and French elections taught me a concerning lesson that Americans should heed when heading to the polls
▼ + stars: | 2024-10-10 | by ( Benjamin Chadwick | ) www.businessinsider.com time to read: +10 min

Benjamin Chadwick — a dual citizen of France and the UK — voted in two national elections this year. Emmanuel Macron ran with a centrist campaign, while Marine Le Pen, leader of the National Rally, campaigned on anti-immigration and nationalist ideals. Related storiesLe Pen became leader of France's right-wing populist "National Front" party in 2011 and renamed it "National Rally" in 2018. AdvertisementIn the lead-up to the UK election on July 4, opinion polls predicted a huge majority for the center-left Labour Party. In France, I feared the National Rally would capitalize on their European victory and take control of the Assembly.

Persons: Benjamin Chadwick —, there's, —, Emmanuel Macron, Pen, Macron, Le, I've, France's, Boris Johnson, Donald Trump, Trump, Liz Truss, Sunak, Rishi Sunak's, he's, Le Pen's, Nigel Farage, I'm, Kamala Harris Organizations: Service, European Union, National, Conservatives, Labour Party, National Rally, EU, Conservative, Britons, Labour, Reform, Populist, Trump Locations: France, England, Paris, Trump, Brexit, Europe, Britain, Johnson's, stoke

☆ Left and right prey on weak French government as it prepares 'austerity' budget
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.

Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, —, La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French

☆ European markets look set to keep positive momentum in the new trading week
▼ + stars: | 2024-10-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. LONDON — European stocks are expected to start the new trading week on a positive note, buoyed by gains in Asia overnight and last Friday's rally on Wall Street. European stocks look set to continue the positive sentiment seen at the close of trade last week, with markets getting a boost from the latest U.S. jobs report that exceeded expectations. Nonfarm payrolls data showed the U.S. economy added 254,000 jobs in September, ahead of the 150,000 estimated by economists polled by Dow Jones.

Persons: Germany's DAX, Dow Jones Organizations: Frankfurt Stock Exchange, LONDON, CAC, IG Locations: Africa, Asia, U.S

☆ A Swiss town borders 2 other countries, making it the ideal base for exploring. Here's what 6 days in Basel were like.
▼ + stars: | 2024-10-05 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

I spent six days in the Swiss city of Basel, exploring the town's rich art scene. AdvertisementWhen you land in Basel, Switzerland, you land in a Swiss fantasy. I had arrived for its biggest art celebration: Art Basel, an international fair where 250 gallerists feature 4,000 artists. Monica Humphries/Business InsiderHere, I tracked down French pastries, hopped on a trolly tour, and got lost in the picturesque streets. The one thing I feel I missed during my Basel trip was a visit to Germany.

Persons: —, Monica Humphries, Jean Tinguely's, Pablo Picasso, Henri Matisse, Julio Le Parc's, Queen Elizabeth II, it's, I've Organizations: Service, Basel, Kunstmuseum Basel, DJ, Basel would've Locations: Swiss, Basel, France, Germany, Switzerland, It's, Basel's Klybeck, Klybeck, Miami, Bushwick , Brooklyn, Colmar, Alsace, Kandersteg, Titisee, Baden, Europa, France's, Bern, Lucerne

☆ European markets poised for higher open; U.S. jobs report in view
▼ + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. LONDON — European stocks were poised for a higher open Friday as traders continue to monitor the escalating conflict in the Middle East and look ahead to the latest U.S. jobs report. The FTSE 100 was seen opening up 7 points at 8,281, Germany's DAX 38 points higher at 19,029, France's CAC up 23 points at 7,489 and Italy's FTSE MIB 100 points higher at 32,171, according to IG data. It comes after the Stoxx 600 shed 1% Thursday as geopolitical tensions have contributed to a shaky start to October. Investors are looking ahead Friday to the September's payrolls report, with U.S. futures little changed overnight.

Persons: DAX, Germany's DAX Organizations: LONDON, France's CAC, Investors Locations: Frankfurt, Germany

☆ European markets set for negative open as investors focus on Middle East escalation
▼ + stars: | 2024-10-03 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. LONDON — European stocks are expected to open lower Thursday as conflict in the Middle East weighs on regional investor sentiment. The U.K.'s FTSE index is seen opening 38 points lower at 8,252, Germany's DAX down 67 points at 19,097, France's CAC 40 down 26 at 7,545 and Italy's FTSE MIB 153 points lower at 33,414, according to data from IG. Israel attacked central Beirut early Thursday, killing at least six people, as it pursues Iran-backed armed group Hezbollah. Israeli authorities say there were no casualties as a result of the offensive, and that most of the missiles were intercepted.

Persons: Germany's DAX, Israel Organizations: CAC, IG Locations: Beirut, Lebanon, LONDON, Iran, Israel

☆ How Japan’s Shinkansen bullet trains changed the world of rail travel
▼ + stars: | 2024-10-01 | by ( Ben Jones | ) edition.cnn.com time to read: +12 min

This was the dawn of Japan’s “bullet train” era, widely regarded as the defining symbol of the country’s astonishing recovery from the trauma of World War II. A map of Japan's high-speed rail lines. Japan’s high-speed rail revolutionFast train: Japan's distinctive Shinkansen "bullet trains" have been plying the country's high-speed railways since 1964. Toru Yamanaka/AFP/Getty Image TGV: France's answer to the Bullet Train, the Train à Grand Vitesse, began operating between Paris and Lyon in 1981. Mehdi Fedouach/AFP/Getty Images China's rail expansion: China has now eclipsed the rest of the world when it comes to high-speed rail.

Persons: Yoshikazu Tsuno, Jiji Press, Toru Yamanaka, Mehdi Fedouach, Wang He, ”, Christopher P, Hood Organizations: CNN, Olympic Games, Hitachi, Toshiba, Mount, Getty, Mount Fuji, Tokyo, Lions, Hulton, Keystone, Jiji, West Japan Railway, Ltd, Fuji, Vitesse, Lyon, JR EAST, Eurostar, JR EAST Japan, “ Locations: Tokyo, Osaka, Japan, Shin, Kobe, Kyoto, Hiroshima, Nagano, AFP, North America, Europe, Korea, Russia, Honshu, Kyushu, Hokkaido, Sanrio, Paris, China, France, Spain, Belgium, South Korea, United Kingdom, Morocco, France’s, Bordeaux, Italy, Germany, Netherlands, Taiwan, Turkey, Saudi Arabia, London, Brussels, Amsterdam, India, Thailand, Wuhan, Western Europe, Nagoya, British

☆ France's Barnier announces targeted tax hikes to plug budget deficit
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: +2 min

Newly appointed France's Prime Minister Michel Barnier arrives for the handover ceremony with outgoing Prime Minister Gabriel Attal at the Hotel Matignon in Paris, France, September 5, 2024. Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France's biggest companies and wealthiest individuals on Tuesday, saying there was no other way to narrow a gaping budget deficit. Tax increases would be targeted and temporary, he said, without giving further details. ING economist Charlotte de Montpellier said Barnier had been too light on detail to know if the timeline for cutting the deficit was credible and questioned whether the tax hikes would be temporary. "... the likelihood of these tax hikes becoming permanent is significant," de Montpellier said.

Persons: Michel Barnier, Gabriel Attal, Barnier, Charlotte de Montpellier, de Montpellier Organizations: France's, European Union, Le Parisien, ING Locations: Paris, France, Europe

Search resuls for: "France's"

25 mentions found