DIRS.INFO The most relevant business & tech news

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

PARIS, May 14 (Reuters) - France is poised to win record foreign investment pledges when President Emmanuel Macron receives global business leaders, including Tesla's Elon Musk, on Monday at the annual Choose France summit in Versailles. Executives attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018. Billionaire entrepreneur Elon Musk, the CEO of Tesla (TSLA.O), met Macron at his official residence the Elysee Palace. France previously tried to convince Musk to build a European gigafactory in the country, but he chose Germany, his only European gigafactory so far. PALATIAL BACKDROPOver the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.

[1/2] FILE PHOTO-French President Emmanuel Macron delivers his speech during the National Conference on Disability at the Elysee Palace in Paris, France, April 26, 2023. "You talk a lot of nonsense everyday," the man told Macron, after the president, barely able to squeeze in an answer, said he should get his numbers right. Such direct confrontations, the president reckons, are essential to give people a cathartic release after weeks of anger directed at the government's pension bill and Macron himself. Before the pension reform protests, the government managed to pass legislation on issues such as nuclear energy and renewables with the help of both left-wing and right-wing lawmakers outside Macron's centrist alliance. That was apparent again this week, when his prime minister Elisabeth Borne was forced to give up on an immigration bill.

☆ France's Macron promises government action plan in next 100 days
▼ + stars: | 2023-04-17 | by ( Michel Rose | ) www.reuters.com time to read: +2 min

In a televised speech two days after signing into law plans to increase the retirement age by two years to 64, Macron said he wanted his prime minister to propose measures on working conditions, law and order, education and health issues. "On July 14, we must be able to take stock," Macron said, referring to Bastille Day, France's national day, often a milestone in French politics. "We have ahead of us 100 days of appeasement, unity, ambition and action for France," he said. Macron gave few details about the roadmap he wanted the government to work on but said it should improve working conditions and also tighten immigration laws. Far-right leader Marine Le Pen said Macron was "stuck in a parallel world".

[1/2] Protesters hold placards depicting French President Emmanuel Macron during a demonstration as part of the 12th day of nationwide strikes and protests against French government's pension reform, in Paris, France, April 13, 2023. It would also need to find its way through parliament, where Macron has lost his working majority and debate has become increasingly fractious. The conservative Les Republicains' (LR) party, which the government had hoped it would be able to count on for support, has emerged deeply divided from the pension reform saga. "There are gaping wounds in the country," LR lawmaker Aurélien Pradié, who rebelled against the pro-pension reform party line on the reform, said on Twitter. So while the pension reform is on the statute books, Macron has much political capital still to regain.

☆ Macron: France favours 'status quo' on Taiwan, position unchanged
▼ + stars: | 2023-04-12 | by ( Michel Rose | ) www.reuters.com time to read: +3 min

[1/3] French President Emmanuel Macron and Dutch Prime Minister Mark Rutte speak at a news conference during Macron's state visit to the Netherlands, in Amsterdam, Netherlands April 12, 2023. We're in favour of the status quo. This policy is constant and hasn't changed," Macron told a news conference during a state visit in the Netherlands. "So no, France does not support provocations, does not engage in fantasy politics and considers the status quo, respect and clarity are the best allies of European strategic autonomy," Macron said. The meeting between Taiwan President Tsai Ing-wen and U.S. House Speaker Kevin McCarthy in California last week - prior to China's drills - was a "provocation", the diplomat said.

☆ Macron stands by China interview - French diplomat
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 12 (Reuters) - French President Emmanuel Macron is not backtracking on comments in China urging the European Union to reduce dependency on the United States, a senior diplomat said on Wednesday. The French diplomat, who requested anonymity, told reporters that the substance of what Macron said, which focused on his pet project of European strategic autonomy, was clear, and his position on Taiwan and China has not changed. "This is something the president stands by entirely," he said of the interview. "France respects the One China principle and the president told (Chinese President Xi Jinping) that the Taiwan question should only be resolved pacifically," the French diplomat added. "No, Europe will not get dragged into that, but that doesn't mean Europe will disengage (from the Taiwan issue)."

☆ Trump accuses France's Macron of pandering to China
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

Ludovic Marin/Pool via REUTERS/File PhotoWASHINGTON, April 12 (Reuters) - Former U.S. President Donald Trump accused Emmanuel Macron of pandering to China leader Xi Jinping during the French president's recent closely watched visit to Beijing. "You got this crazy world is blowing up and the United States has absolutely no say. And Macron, who's a friend of mine, is over with China kissing his ass," Trump said in an interview with Fox News late on Tuesday. As president, Trump upended some tenets of America’s post-World War Two foreign policy by questioning the NATO alliance, alienating European partners and indulging autocrats. Trump himself was accused of pandering to world leaders, autocrats in particular, including Russian President Vladimir Putin and North Korea's Kim Jong-Un.

[1/4] Chinese President Xi Jinping and France's President Emmanuel Macron meet at the Guandong province governor's residence, in Guangzhou, China, Friday, April 7, 2023. Macron's comments came in an interview on a trip to China that was meant to showcase European unity on China policy, with European Commission President Ursula von der Leyen also taking part, but highlighted differences within the European Union. A senior diplomat from Central and Eastern Europe, speaking on condition of anonymity, said: "President Macron is not speaking for Europe or the European Union. The French foreign ministry cancelled a planned debrief on the trip for foreign diplomats in Paris on Tuesday as officials scrambled to make sure they had a consistent message and to limit any fallout with Washington. But even some of those broadly supportive of Macron's agenda lamented the handling of the China trip, in which von der Leyen received a much more muted welcome than the French president.

☆ Macron criticised for saying Europe should take independent stance on Taiwan
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 10 (Reuters) - French President Emmanuel Macron has caused a stir by saying Europe has no interest in accelerating the conflict in Taiwan and should become a "third pole" independent of both Washington and Beijing. Political actors on both sides of the Atlantic criticised the president's position as being too accommodating of China, just as it carries out military drills around Taiwan. China views democratically governed Taiwan as its own territory and has never renounced the use of force to bring the island under its control. He added that the French president was "increasingly isolating himself in Europe." If Europe doesn't "pick sides between the U.S. and China over Taiwan, then maybe we shouldn't be picking sides either [on Ukraine]," the Republican senator said.

☆ Macron says Europe should not follow U.S. or Chinese policy over Taiwan
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +2 min

April 9 (Reuters) - French President Emmanuel Macron said in comments published on Sunday that Europe had no interest in an acceleration of the crisis over Taiwan and should pursue a strategy independent of both Washington and Beijing. Macron has just returned from a three-day state visit to China, where he received a warm welcome from President Xi Jinping. "The worst thing would be to think that we Europeans must become followers on this topic and adapt to the American rhythm or a Chinese overreaction," Politico quoted him as saying. On Friday, an adviser to Macron told reporters in Guangzhou that Xi and Macron had a "dense and frank" discussion on the issue of Taiwan during their meetings. Macron travelled to China with a 50-strong business delegation including Airbus and nuclear energy producer EDF, which signed deals during the visit.

Noah Barkin, an analyst with the Rhodium Group, said China's chief objective was to prevent Europe from aligning more closely with the United States. Macron travelled to China with European Commission chief Ursula von der Leyen, both pressuring China on Ukraine, but failing to wrest any public shifts in position from Xi. Xi did not mention a possible conversation with Zelenskiy in China's official reports of his comments after the meetings. "Macron seemed to believe he could charm Xi into shifting his approach on the war," he said. "China and Europe can still be partners," said Wang Yiwei, director of Center for European Studies at Renmin University in Beijing.

☆ At elite Chinese university, Macron hails 'critical thinking'
▼ + stars: | 2023-04-07 | by ( Michel Rose | ) www.reuters.com time to read: +2 min

GUANGHZOU, China, April 7 (Reuters) - French President Emmanuel Macron was given a rock star welcome by Chinese students at an elite university in Guangzhou where he took questions and hailed critical thinking in a country with tight media and political control. In opening remarks, Macron repeated the message of firmness against Russia he had conveyed to Chinese President Xi Jinping the day before. 'FREE AND EMANCIPATED INDIVIDUAL'Asked by a nuclear physics student what he thought were the skills needed for a bright future, Macron cited knowledge, critical thinking and self-confidence. "Critical thinking is just as important as access to knowledge. Without critical thinking, an individual "would not know what to do with knowledge and would simply be the victim of propaganda," Macron added.

☆ Exclusive: China plans $500 million subsea internet cable to rival US-backed project
▼ + stars: | 2023-04-06 | by ( Joe Brock | ) www.reuters.com time to read: +10 min

China's three main carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd(China Unicom) – are mapping out one of the world’s most advanced and far-reaching subsea cable networks, according to the four people, who have direct knowledge of the plan. They said HMN Tech, which is majority-owned by Shanghai-listed Hengtong Optic-Electric Co Ltd, would receive subsidies from the Chinese state to build the cable. China Mobile, China Telecom, China Unicom, HMN Tech, and Hengtong did not respond to requests for comment. The consortium on the SeaMeWe-6 cable – which originally had included China Mobile, China Telecom, China Unicom and telecom carriers from several other nations – initially picked HMN Tech to build that cable. China Telecom and China Mobile pulled out of the project after SubCom won the contract last year and, along with China Unicom, began planning the EMA cable, the four people involved said.

[1/2] French President Emmanuel Macron delivers a speech to inaugurate the Festival Croisements at the Red Brick Museum in Beijing, China, April 5, 2023. For Macron's visit at least, there are high expectations in Beijing. "In other words, not everyone wants to see Macron's visit to China go smoothly and successfully." Later in the afternoon, Macron and von der Leyen will separately hold talks with President Xi Jinping before all three hold trilateral talks in the evening. "Three-quarters of the delegation are business leaders: the goal is first and foremost to sign contracts," left-wing MEP Raphael Glucksmann wrote on Twitter ahead of Macron's visit.

☆ In Beijing, French business community welcomes Macron's overtures
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +3 min

BEIJING, April 6 (Reuters) - Among the French business executives travelling to Beijing with President Emmanuel Macron, the mood was cautiously sanguine on the thawing post-pandemic trade prospects with China, with some rejecting American-led calls for 'decoupling'. It shows the business community is supported by the president, it's very important vis-à-vis the Chinese authorities," Thierry de la Tour d'Artaise, chairman of French appliance group SEB (SEBF.PA), told Reuters. The size of Macron's business delegation was criticised by some commentators, though. "Three-quarters of the delegation are business leaders: the goal is first and foremost to sign contracts," Raphael Glucksmann, a left-wing member of the European parliament, wrote on Twitter ahead of Macron's visit. Operating in China still presented challenges for French businesses, China-based French expats said.

☆ Exclusive: China plans $500 mln subsea internet cable to rival U.S.-backed project
▼ + stars: | 2023-04-06 | by ( Joe Brock | ) www.reuters.com time to read: +10 min

China's three main carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd(China Unicom) – are mapping out one of the world’s most advanced and far-reaching subsea cable networks, according to the four people, who have direct knowledge of the plan. They said HMN Tech, which is majority-owned by Shanghai-listed Hengtong Optic-Electric Co Ltd, would receive subsidies from the Chinese state to build the cable. China Mobile, China Telecom, China Unicom, HMN Tech, Hengtong and China’s Foreign Ministry did not respond to requests for comment. The consortium on the SeaMeWe-6 cable – which originally had included China Mobile, China Telecom, China Unicom and telecom carriers from several other nations – initially picked HMN Tech to build that cable. China Telecom and China Mobile pulled out of the project after SubCom won the contract last year and, along with China Unicom, began planning the EMA cable, the four people involved said.

☆ Macron, Biden want to engage China to end war in Ukraine, Elysee says
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

BEIJING, April 5 (Reuters) - French President Emmanuel Macron and U.S. President Joe Biden agreed in a telephone call ahead of a visit to Beijing by Macron to engage China to hasten the end of the war in Ukraine, the Elysee Palace said on Wednesday. "The two leaders have mentioned their joint willingness to engage China to accelerate the end of the war in Ukraine and take part in building sustainable peace in the region," Macron's office said in a statement. The Elysee said Macron and Biden both hoped China could contribute to solidarity efforts between the global north and global south and build a joint agenda for the climate and biodiversity. Macron is visiting China from Wednesday to Friday. Reporting by Michel Rose; Editing by Himani Sarkar, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Macron last visited China in 2019 while it will be von der Leyen's first trip since becoming European Commission president that year. However, some analysts said ostentatious deal-signing would appear opportunistic at a time of heightened frictions between the United States and China. "Both (Macron and von der Leyen) have not only business in mind but also Ukraine," said Joerg Wuttke, president of the EU Chamber of Commerce in China. Macron and von der Leyen are expected to echo the message that Xi should also talk to Ukrainian President Volodymyr Zelenskiy. China and EU decoupling will only serve U.S. interests, but make both China and Europe suffer," it said.

[1/2] A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierPARIS, April 3 (Reuters) - European planemaker Airbus (AIR.PA) is negotiating a new round of plane orders with China, coinciding with a visit by French President Emmanuel Macron to the economic superpower later this week, government and industry sources said. The potential deal for dozens of jets comes amid worsening relations between Washington and Beijing, which have seen China's usually balanced airplane imports tilt towards Airbus in recent years. Airbus also has an industry presence in China including an assembly plant. Macron is due to conduct the state visit to China on April 5-7, with a delegation of company chiefs from France-based companies, expected to include Airbus CEO Guillaume Faury.

☆ Parisians vote to ban e-scooters from French capital
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +2 min

[1/4] A woman rides an electric scooter by Tier sharing service, on the eve of a public vote on whether or not to ban rental electric scooters in Paris, France, April 1, 2023. REUTERS/Sarah MeyssonnierPARIS, April 2 (Reuters) - An overwhelming majority of Parisians voted to ban electric scooters from the streets of the French capital on Sunday, in a non-binding referendum that city authorities have said they would follow. "I preferred to vote against, because in Paris it's a mess," railway worker Ibrahim Beutchoutak, 47, told Reuters TV. Operators had offered further regulations, including checking users were over 18, fixing licence plates so police could identify traffic offenders and limiting to one passenger. On Sunday, operators such as Tier and Lime sent free voucher codes to users to encourage them to vote against the ban.

"It's a very prestigious thing to host the first visit abroad of the King of England, it doesn't happen every day. "Our message will be clear: There may be a temptation to get closer to Russia, but do not cross that line," a senior French diplomat said. They need a good relationship with Europe so will not want to play on Macron's internal problems," another French diplomat said. Analysts say China's deteriorating relationship with the U.S. gives Europe a bit more leverage, with the EU's vast single market becoming more crucial for China. Reporting by Michel Rose, John Irish in Paris and Laurie Chen in Beijing; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: French pension standoff causing cracks in Macron's camp, insiders say
▼ + stars: | 2023-03-30 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +7 min

With no sign of the protests abating, insiders question whether Borne's government has lost control of the political messaging necessary to appease the street. The situation has deteriorated considerably since Macron decided on March 16 to adopt the reform using special constitutional powers to bypass parliament. When asked about the divisions, the president's office said the majority of Macron's camp remained strong and united. "There are still ministers who are saying 'we should have done this or that', No!," the source lamented. An official in Borne's office said the prime minister had made efforts to preserve unity among ministers and lawmakers.

Cars were torched in Paris and other French cities in the evening during otherwise peaceful demonstrations involving several thousand people. "Something fundamental happened, and that is that, immediately, spontaneous mobilisations took place throughout the country," hard-left leader Jean-Luc Melenchon said. Protests took place in cities including Toulon on Friday, and more were planned for the weekend. Macron will want to turn the page quickly, with government officials already preparing more socially minded reforms. Amid the unrest on Thursday evening, someone had tagged on a shop front: "Let's destroy what destroys us."

☆ Analysis: Macron wins Pyrrhic victory on pension bill, risks fuelling anger
▼ + stars: | 2023-03-16 | by ( Michel Rose | ) www.reuters.com time to read: +5 min

By using special constitutional powers instead of risking lawmakers rejecting the reform, Macron has given ammunition to the opposition and to trade union leaders who cast the reform as undemocratic. LE PEN AMBUSHTo be sure, claims of authoritarianism by the pension bill's critics are far-fetched. Political observers say Le Pen played her hand well. "Mrs Le Pen is ready for the ambush," Laurent Berger, the head of the moderate CFDT union said on Thursday, hours before the vote. But the end of debates in parliament may do little to quell anger on the streets.

Search resuls for: "Michel Rose"

25 mentions found