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☆ France's Sarkozy in witness tampering probe linked to 2007 election campaign investigation - media
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

Former French President Nicolas Sarkozy arrives for his appeal trial on charges of corruption and influence peddling, at Paris courthouse, France, December 5, 2022. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsPARIS, Oct 6 (Reuters) - Former French President Nicolas Sarkozy was placed under formal investigation on Friday for alleged witness tampering and fraud, as part of a probe into the funding of his successful 2007 election campaign, local media reported. Lawyers for Sarkozy could not be immediately reached for comment on the reports, which cited judicial sources. Sarkozy is accused of "interfering with a witness" and "criminal association with a view to committing fraud", media said. Sarkozy, who denies any wrongdoing, is suspected of complicity in moves to falsely exonerate him in the Libyan case, which will go to trial in early 2025.

Persons: Nicolas Sarkozy, Pascal, Sarkozy, Ziad Takieddine, Dominique Vidalon, Jon Boyle Organizations: REUTERS, Rights, Thomson Locations: Paris, France, Lebanese

☆ Renault, Volvo, CMA CGM pool forces to develop electric vans
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo Fuentes//File Photo Acquire Licensing RightsPARIS, Oct 6 (Reuters) - Carmakers Renault (RENA.PA) and Volvo and shipping group CMA CGM said on Friday they will jointly develop a new generation of electric vans, aiming to begin production in 2026. Renault and Volvo signed binding agreements to launch a new company where they will initially each hold a 50% equity stake and invest 300 million euros over the next three years, they said in a statement. CMA CGM signed a non-binding letter of intent with Renault and Volvo to join the new company and invest 120 million euros through PULSE, its Energy Fund dedicated to accelerating the decarbonization of transport and logistics sectors. There was no further detail on when this might happen or what stake it may take in the venture. The creation of the new company is expected early 2024 and remains subject to the completion of all regulatory approval processes.

Persons: Gonzalo Fuentes, Carmakers, Dominique Vidalon, Elaine Hardcastle Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, Carmakers Renault, Volvo, CMA, CMA CGM, Energy Fund, Thomson Locations: Porte, Paris, France

☆ French retailer Casino finalises rescue deal led by Czech tycoon
▼ + stars: | 2023-10-05 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 5 (Reuters) - French supermarket group Casino (CASP.PA) said on Thursday that it had finalised a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Czech billionaire Daniel Kretinsky. Casino was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rival supermarket operators. It said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors. "Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," Casino CEO and controlling shareholder Jean-Charles Naouri said in a statement.

Persons: Stephane Mahe, Daniel Kretinsky, Jean, Charles Naouri, Naouri, Dominique Vidalon, Sudip Kar, Gupta, Alexander Smith Organizations: REUTERS, Rights, Casino's, Fimalac, Thomson Locations: Nantes, France, Czech

☆ Mont Blanc Shrinks Over Two Metres in Height in Two Years -Researchers
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - Western Europe's highest peak, Mont Blanc, has lost more than two metres (6.5 ft) in height over the past two years, French researchers said on Thursday. "The measurements are done on a live peak. In view of climate change, monitoring the changes will allow to better understand the impacts," glaciologist Luc Moreau said. As alarm grows worldwide over melting glaciers, the official height of Mont Blanc has been on a downward slide for over a decade. The reading was 4,810.90 metres (15,783.79 ft) in 2007.

Persons: Luc Moreau, Mont, GLAMOS, Kate Entringer, Dominique Vidalon, William Maclean Organizations: PARIS Locations: Mont Blanc, Chamonix

PARIS, Oct 5 (Reuters) - The Mont Blanc, Western Europe's highest peak, has lost more than two metres (6.5 ft) in two years and shrunk to its lowest level since precise measurements started 22 years ago as warmer summers reduced snowpack size, researchers said on Thursday. She added this year's particularly low level was probably due to a lack of rain and a hot summer. When precise GNSS satellite measurements started in September 2001, the Mont Blanc stood at 4,010.40 metres. A view of the Mont Blanc mountain from Le Brevent, in Chamonix, France, June 14, 2022. Farouk Kadded at Leica Geosystems said that this year, for the first time since 2015 - when scientists started measurements in June too - Mont Blanc's snowpack in September had remained virtually unchanged from June.

Persons: topographers, Mont, Cecile Taffin, Mont Blanc, Le Brevent, Denis Balibouse, Farouk Kadded, Topographers, Kadded, Kate Entringer, Dominique Vidalon, Manuel Ausloos, Geert De Clercq, William Maclean, Grant McCool Organizations: REUTERS, Leica, Thomson Locations: Blanc , Western, Chamonix, French, Mont Blanc, Le, France, snowpack

☆ Mont Blanc shrinks over two metres in height in two years - researchers
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 5 (Reuters) - Western Europe's highest peak, Mont Blanc, has lost more than two metres (6.5 ft) in height over the past two years, French researchers said on Thursday. In view of climate change, monitoring the changes will allow to better understand the impacts," glaciologist Luc Moreau said. As alarm grows worldwide over melting glaciers, the official height of Mont Blanc has been on a downward slide for over a decade. The reading was 4,810.90 metres (15,783.79 ft) in 2007. Reporting by Kate Entringer, Dominique Vidalon, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Luc Moreau, Mont, GLAMOS, Kate Entringer, Dominique Vidalon, William Maclean Organizations: Thomson Locations: Mont Blanc, Chamonix

☆ Casino shares suspended, news on debt deal expected soon
▼ + stars: | 2023-10-04 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe Acquire Licensing RightsPARIS, Oct 4 (Reuters) - Shares in French retailer Casino (CASP.PA) were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye. On Sept. 29, Casino extended the deadline to Oct. 3, fuelling expectations an announcement was to come this week. The consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares.

Persons: Stephane Mahe, Daniel Kretinsky, Jean, Charles Naouri, Kretinsky, Dominique Vidalon, Tassilo Hummel, Mark Potter, Elaine Hardcastle Organizations: REUTERS, Rights, Casino, Casino's, Thomson Locations: Nantes, France, Czech, France's

The French competition authority (FCA) said on Wednesday it conducted the dawn raid a day earlier on a company in the "graphics cards sector", it said. French newspaper Challenges and the Wall Street Journal identified the company as Nvidia (NVDA.O). While GPU prices start from over $1,000, the ones favoured by AI companies can cost well over $10,000. Nvidia has a presence in both sectors, and if any startup is planning to create an AI company, they would need to depend on Nvidia for the chips. Various French authorities have looked at Big Tech companies previously, including issuing a fine to Google in 2021 for infringing EU competition law.

Persons: Dado Ruvic, Charlotte Colin, Dubuisson, Colin, Supantha Mukherjee, Dominique Vidalon, Emelia Sithole Organizations: NVIDIA, REUTERS, Rights, Nvidia, Big Tech, Wall Street Journal, Intel, AMD, Tesla, Oracle, Google, Microsoft, Thomson Locations: Rights STOCKHOLM, FRANCE, France, Stockholm, Paris

☆ French authorities approve Apple's software update of its iphone 12
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: 1 min

A man poses with an Apple iPhone 12 in a mobile phone store in Nantes, France, September 13, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Sept 29 (Reuters) - French authorities said on Friday they had approved Apple's AAPL.O software update of its iPhone 12 after a row over radiation levels of the device, which led France to suspend sales of the phones earlier this month. Reporting by Elizabeth Pineau; Writing by Benoit Van Overstraeten; Editing by Dominique VidalonOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Elizabeth Pineau, Benoit Van Overstraeten, Dominique Vidalon Organizations: Apple, REUTERS, Rights, Thomson Locations: Nantes, France

☆ Renault ends common purchasing agreement with Nissan and Mitsubishi
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. Renault and Nissan finalised at the end of July the terms of a restructured alliance after months of negotiations. Talks dragged on months longer than expected due in part to Nissan, which was concerned about protecting its intellectual property in future collaborations. The July agreement freed both companies to focus on the more pressing problem of navigating the fast-changing industry landscape. Reporting by Dominique Vidalon;additional reporting by Gilles Guillaume Editing by Sudip Kar-Gupta and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, carmaker, Dominique Vidalon, Gilles Guillaume, Sudip Kar, Gupta, Mark Potter Organizations: Renault, Nissan, REUTERS, Rights, carmaker Renault, Mitsubishi, Thomson Locations: Le Coteau, France, China

Marine Le Pen, member of parliament and president of the French far-right National Rally (Rassemblement National - RN) party parliamentary group, speaks during the questions to the government session at the National Assembly in Paris, France, July 4, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsPARIS, Sept 22 (Reuters) - The Paris prosecutor's office said on Friday that far-right leader Marine Le Pen and 23 other members of her party should stand trial over alleged misuse of EU funds, escalating a seven-year-old probe. The prosecutor's office said some 49 assistants' situation had been examined over a period of time spanning three EU parliament terms of office, from 2004 to 2016. She faces a potential 10-year jail sentence, a one million euros fine, and - as she's an elected official - ineligibility to hold public office for 10 years, the prosecutor's office said. Judges will have to decide whether or not to accept the prosecutor's office petition for trial.

Persons: Stephanie Lecocq, Marine Le, Le Pen, Emmanuel Macron, Juliette Jabkhiro, Dominique Vidalon, Elizabeth Pineau, Charlotte Van Campenhout, William Maclean Organizations: National Assembly, REUTERS, Rights, Rassemblement, Reuters, Thomson Locations: Paris, France, Le Pen's

☆ Queen Camilla, Brigitte Macron play table tennis amid state visit
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +4 min

There were light moments too, with Queen Camilla and President Emmanuel Macron's wife, Brigitte, trying their hand at table tennis as French youngsters looked on. Here's the latest:* Camilla also tried her hand at weaving at French luxury house Chanel's 19M workshop, with Brigitte Macron and Chanel CEO Leena Nair watching. * Queen Camilla and French President Emmanuel Macron's wife Brigitte played table tennis together at a sports centre outside of Paris - not that successfully. The royal couple and Brigitte Macron chatted with youngsters at the Saint-Denis sports centre. [1/9]Britain's Queen Camilla plays table tennis next to Britain's King Charles, Brigitte Macron, wife of French President Emmanuel Macron as they meet local youth sports associations in Saint-Denis near Paris, on the second day of their State visit to France, September 21, 2023.

Persons: King Charles, Queen Camilla, Emmanuel Macron's, Brigitte, Camilla, Brigitte Macron, Leena Nair, Charles, Germain, King Charles III ., Nasser Al, Khelaifi, Denis, Brigitte Macron chatted, Britain's King Charles, Emmanuel Macron, REUTER, Hannah McKay, Queen Elizabeth, France's, Macron, Dominique Vidalon, Ingrid Melander, Elizabeth Pineau, Michel Rose, Johnny Cotton, Michael Holden, Blandine, Sharon Singleton Organizations: French, Paris Saint, King Charles III . Club, Saint, Entente, Notre, Dame, Thomson Locations: Britain, France, Saint, Paris, British, Ukraine, entente, United Kingdom, Versailles

☆ Belgian Court Hands Down 20 Year to Life Sentences for 2016 Bombings - Belga
▼ + stars: | 2023-09-15 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

BRUSSELS (Reuters) -A Belgian court on Friday sentenced eight defendants in the country's largest ever trial involving the 2016 Islamist bombings in Brussels that killed 32 people, Belga news agency said. Six men, who were found guilty of murder and attempted murder for their part in the twin bombings at Brussels airport and third bomb on the city's metro on March 22, 2016, were handed sentences ranging from 20 years to life in jail. Among those convicted was Salah Abdeslam, the main suspect in the trial over the Paris attacks that killed 130 people. The court considered that the French sentence of life in prison for his role in the 2015 Paris attack and his 20 year prison sentence over a Brussels shooting was enough and he did not receive a further sentence. On the run after fleeing the French capital, he was seized in Brussels four days before the Belgian attacks.

Persons: Salah Abdeslam, Marine Strauss, Dominique Vidalon Organizations: Belgian Locations: BRUSSELS, Brussels, Belgian

☆ Italy's Meloni seeks EU mission to block migrant arrivals
▼ + stars: | 2023-09-15 | by ( Yara Nardi | ) www.reuters.com time to read: +4 min

LAMPEDUSA, Italy, Sept 15 (Reuters) - Italian Prime Minister Giorgia Meloni called on Friday for the European Union to act jointly "with a naval mission if necessary" to prevent migrants crossing the Mediterranean from North Africa. Meloni posted a video message on social media promising tough action in response to a surge in migrant arrivals this week which have overwhelmed the tiny Italian island of Lampedusa. "I intend to reiterate a request for an immediate EU mission to block the departure of migrant boats," said Meloni, for whom the swelling number of arrivals has become a major political headache. [1/6]Migrants wait at the port to be transferred to the mainland, on the Sicilian island of Lampedusa, Italy, September 15, 2023. Earlier on Friday, France agreed to work with Italy towards some sort of EU response to the crisis.

Persons: Giorgia Meloni, Meloni, Charles Michel, Lampedusa, Yara, Claudine Nsoe, Prince, Emmanuel Macron, General Antonio Guterres, Matthew Saltmarsh, Alvise Armellini, Gavin Jones, Augustin Turpin, Dominique Vidalon, Keith Weir, Mark Heinrich, Kevin Liffey, Alistair Bell Organizations: Italian, European Union, European, EU, European Commission, REUTERS, Refugee Agency, UNHCR, U.N, Thomson Locations: LAMPEDUSA, Italy, North Africa, Lampedusa, Tunisia, Tunis, Lampedusa's, Sicily, Cameroon, Libya, France, Rome, Paris

☆ Belgian court hands down 20 year to life sentences for 2016 bombings, Belga reports
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

[1/4] Lawyers attend the courtroom before reading the sentences in the trial of eight men found guilty of participation or complicity in the March 2016 attacks, at the Brussels-Capital Assizes Court in Justitia building in Brussels, on September 15, 2023. On March 22 2016, 32 people were killed and 324 Acquire Licensing Rights Read moreBRUSSELS, Sept 15 (Reuters) - A Belgian court on Friday sentenced eight defendants in the country's largest ever trial involving the 2016 Islamist bombings in Brussels that killed 32 people, Belga news agency said. Among those convicted was Salah Abdeslam, the main suspect in the trial over the Paris attacks that killed 130 people. The court considered that the French sentence of life in prison for his role in the 2015 Paris attack and his 20 year prison sentence over a Brussels shooting was enough and he did not receive a further sentence. On the run after fleeing the French capital, he was seized in Brussels four days before the Belgian attacks.

Persons: Salah Abdeslam, Marine Strauss, Dominique Vidalon Organizations: Belgian, Thomson Locations: Brussels, Justitia, BRUSSELS, Belgian

☆ Apple to implement Iphone 12 update in next few days in France - Minister
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

PARIS, Sept 15 (Reuters) - French Digital Affairs Minister Jean Noel Barrot on Friday said Apple told him that it will implement an update for its iPhone 12 model in the next few days to fix radiation issues which earlier this week triggered a sales halt in France. The French ANFR regulator is preparing to rapidly test this update, which would eventually bring the model into compliance with European standards applied in France, and lift the marketing withdrawal, Barrot's ministry said in a statement. Reporting by Elizabeth Pineau, Writing by Dominique VidalonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jean Noel Barrot, Apple, Barrot's, Elizabeth Pineau, Dominique Vidalon Organizations: French Digital Affairs, Thomson Locations: France, French

☆ Carrefour sticks price warnings on food to shame suppliers
▼ + stars: | 2023-09-14 | by ( Dominique Vidalon | ) www.reuters.com time to read: +3 min

PARIS, Sept 14 (Reuters) - French supermarket chain Carrefour (CARR.PA) has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks. After a new round of meetings last month, Le Maire said Unilever, Nestle and PepsiCo were among companies not toeing the line on prices. But Carrefour's move to name and shame suppliers marks an escalation in the war of words between retailers and big multinationals. The shrinkflation warnings are in all French Carrefour stores, and will last until the targeted suppliers agree to price cuts, Bompais said. Le Maire said last month consumer goods companies and retailers had agreed to bring forward annual price negotiations - which would normally have taken place next year - to September.

Persons: Bompais, Alexandre Bompard, Bruno Le Maire, Le Maire, Dominique Vidalon, Richa Naidu, Helen Reid, Silvia Aloisi, Richard Chang Organizations: Carrefour, Lipton, Nestle, PepsiCo, Unilever, Finance, Thomson Locations: France, Carrefour, Paris, London

☆ Morocco earthquake damages historic mountain mosque
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

Sept 10 (Reuters) - Morocco's deadly earthquake badly damaged one of the most important historical sites in the High Atlas mountains, an earth-and-stone mosque built by a medieval dynasty that conquered North Africa and Spain. Moroccan media reported that parts of the Tinmel Mosque had collapsed. Photographs circulating online, which Reuters could not immediately verify, showed tumbled walls, a half-fallen tower and large piles of debris. At least 2,000 people have died in the 6.8-magnitude quake, the most destructive in the area since at least 1900. The quake also caused damage to the old city of Marrakech, a UNESCO World Heritage site, where a minaret toppled over and parts of the historic city walls collapsed along with some traditional houses.

Persons: Zakia Abdennebi, Ahmed Eljechtimi, Dominique Vidalon, Angus McDowall, Frances Kerry Organizations: Reuters, Moroccan Culture Ministry, United Nations, UNESCO, High, Thomson Locations: North Africa, Spain, Moroccan, Tinmel, Marrakech, Rabat, Paris

☆ Eiffel Tower lights to go dark in tribute to Morocco quake victims
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: 1 min

PARIS, Sept 9 (Reuters) - The Eiffel Tower's lights will go dark at 11 p.m. (2100 GMT) on Saturday in tribute to victims of Morocco's earthquake, Agence France Presse reported, citing Paris City Hall. Morocco's Interior Ministry said earlier that 1,037 people had been killed and another 672 injured by the quake, recorded by the U.S. Geological Survey at a magnitude of 6.8 with an epicentre some 72 km (45 miles) southwest of Marrakech. Reporting by Dominique Vidalon; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Dominique Vidalon, Alexander Smith Organizations: Agence France Presse, Paris City Hall, U.S . Geological, Thomson Locations: Marrakech

☆ France: Teen dies after collision with police car near Paris
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

PARIS, Sept 7 (Reuters) - The French government on Thursday called for calm following the death of a 16-year-old boy whose motorbike collided with a police car on a road outside Paris. Government spokesman Olivier Veran said the investigations under way would determine the "exact circumstances" of Wednesday's collision. I am calling for restraint and careful consideration," he said on France Inter radio. The death of the teenager, whose ethnicity had not been reported, occurred as France gears up to host the Rugby World Cup. The tournament kicks off on Friday when France play New Zealand at the Stade de France near Paris.

Persons: Olivier Veran, Dominique Vidalon, Alain Acco, Christina Fincher, John Stonestreet Organizations: Prosecutors, Government, France Inter, Rugby, New Zealand, Stade de France, Thomson Locations: Paris, Elancourt, Yvelines, Nanterre, France

A lawyer representing the boy's family accused police of ramming a patrol car into his motocross bike during a high-speed chase on Wednesday. Prosecutors said that they were treating the incident as "unintentional" and were looking for videos to ascertain the facts. The crash happened just over two months after police shot and killed a 17-year-old of North African descent at a traffic stop in the Paris suburb of Nanterre. The tournament, one of the major events on this year's international sporting calendar, kicks off on Friday when France play New Zealand at the Stade de France near Paris. Reporting by Dominique Vidalon, Alain Acco, Layli Foroudi; Editing by John Stonestreet and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, France's, Olivier Veran, Dominique Vidalon, Alain Acco, Layli, John Stonestreet, Rosalba O'Brien Organizations: REUTERS, Police, Prosecutors, France Inter, Rugby, New Zealand, Stade de France, Thomson Locations: Nanterre, Paris suburb, France, PARIS, Paris, Elancourt, Yvelines

High food prices are a concern for all European governments, with retailers and consumer goods groups trading blame. In Hungary, Prime Minister Viktor Orban has imposed mandatory price cuts on some basic food items. And in Portugal, the government announced in March a package to help low-income families, including scrapping the value added tax on essential food products. French retailers have called for more regular price negotiations with consumer goods companies to reflect changes in the price of raw materials. This year those negotiations led to a 10% increase on the price of products on supermarket shelves.

Persons: Eric Gaillard, Bruno Le Maire, Mousquetaires, Thierry Cotillard, It's, Carrefour Alexandre Bompard, Viktor Orban, Le Maire, Dominique Vidalon, Helen Reid, Silvia Aloisi, Ingrid Melander, Bernadette Baum, David Evans, David Gregorio Our Organizations: REUTERS, Rights, French Finance, Federation du Commerce, RTL, Carrefour, FDC, Thomson Locations: Nice, France, Italy, Hungary, Portugal, Paris, London

☆ French consumers forced to cut back on essentials, Carrefour CEO warns
▼ + stars: | 2023-08-29 | by ( Dominique Vidalon | ) www.reuters.com time to read: +4 min

"We are seeing a non-spending tsunami in France," Chairman and Chief Executive Alexandre Bompard told Franceinfo radio. The government is eager to get food inflation - more than twice the overall French inflation rate of 5.1% in July - on a downward path, wary that such high levels could undermine fragile consumer confidence. 'SITUATION OF DEPRIVATION'"They see their margins increase while the French are in a situation of deprivation," Bompard told Franceinfo. On Tuesday, Le Maire vowed to step up pressure on retailers and producers to accelerate price cuts. "I am meeting retailers tomorrow and the producers the day after tomorrow ... with one objective: accelerate the fall of prices."

Persons: Alexandre Bompard, Sarah Meyssonnier, Bompard, FinMin Le Maire, Bruno Le Maire, Henkel, Franceinfo, Le Maire, Dominique Vidalon, Geert de Clercq, Silvia Aloisi, David Goodman, Conor Humphries Organizations: Carrefour, Entrepreneurs de France, Paris, Paris Longchamp Racecourse, REUTERS, Wednesday PARIS, Finance, Retailers, Procter, Gamble, Unilever, G, Henkel, Thomson Locations: Paris Longchamp, Paris, France, Carrefour

☆ France's Le Maire vows to keep lowering taxes
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

French Economy and Finance Minister Bruno Le Maire attends the China-France Economic and Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China, July 29, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsPARIS, Aug 24 (Reuters) - France will accelerate the reduction of its debt while sticking to its policy of lowering taxes for households and businesses, Finance Minister Bruno Le Maire said on Thursday. The French state must reduce public spending, he added, confirming that gas and electricity price caps would end. Inflation has started to slow and "we will stick to our fiscal policy", Le Maire said during a visit to the Haute-Savoie department in the French Alps. Reporting by Dominique Vidalon, editing by Tassilo Hummel and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Le Maire, Thomas Peter, Le Maire, Fitch, Elisabeth Borne, Dominique Vidalon, Tassilo Hummel, Devika Organizations: Finance, France Economic, REUTERS, Rights, Thomson Locations: China, France, Diaoyutai, Beijing, Haute, Savoie, French

☆ Wildfires rage in Greece, Spain and Italy as heatwave spreads
▼ + stars: | 2023-08-22 | by ( Alexandros Avramidis | ) www.reuters.com time to read: +4 min

[1/5] Flames burn a tree as a wildfire rages in Alexandroupolis, on the region of Evros, Greece. Authorities urged residents to avoid the heat as France, Italy, Spain and elsewhere suffered hot, dry and windy conditions that scientists have linked to climate change. WILDFIRES IN SPAIN, ITALYThe blaze has burned through 15,000 hectares in 12 municipalities forcing the evacuation of thousands of people. In France, four southern regions - the Rhone, Drome, Ardeche and Haute-Loire - were placed under red alert, the most serious warning. Grape-pickers in wine-producing regions of southern France have been advised to start work on the harvest in the early hours of the morning to avoid sweltering in a late summer heatwave.

Persons: Alexandros Avramidis, I've, Nikos Gioktsidis, Vassilis Varthakogiannis, AEMET, Alessandro Vitaliano, ANSA, Karolina Tagaris, Dominique Vidalon, Gisela Vignoni, Crispian Balmer, Ingrid Melander, Janet Lawrence Organizations: Flames, REUTERS, Greece Firefighters, heatwave, University Hospital, ERT, Rio Marina, Reuters, Thomson Locations: Alexandroupolis, Evros, Greece, Spain, Italy, Europe, France, Turkey, Tenerife, SPAIN, ITALY, Elba, Rio, Rome, Milan, Florence, Drome, Ardeche, Haute, Loire, Rhone, Alexandropoulis, Athens, Paris

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