Bilateral trade between France and the United States could be better if the Democratic nominee Joe Biden wins the elections, according to the French Minister of Trade, Franck Riester. France would surely see an improvement in relations. We would be more aligned on matters of sustainable development and perhaps also …
Read More »Interior Minister: France Must Prepare For “Difficult Decisions”
French Interior Minister Gerald Darmanin said on Tuesday, ahead of a cabinet meeting to discuss the outbreak of the Coronavirus, that France should prepare to take “difficult decisions” related to imposing new measures to cope with the rise in Covid-19 cases. Three sources familiar with the matter said that the …
Read More »French Finance Minister: The Economy Will Contract in the Last Quarter And Expectations of a Recovery in 2021
French Finance Minister Bruno Le Maire said that the country’s gross domestic product will likely shrink in the last three months of the year, adding that the curfews imposed to contain the Coronavirus will cost about two billion euros ($ 2.36 billion). “We will likely have a negative growth figure …
Read More »French Manufacturing Activity Rose Less Than Expected
The manufacturing activity in the French economy recorded an increase in the current month of October, less than expected, to remain within the expansion area above the 50-point level that separates expansion from contraction. Preliminary data issued by the Markit Statistics Office on Friday showed that the French manufacturing PMI …
Read More »France and Netherlands Aim for New Rules on Big Tech
France and the Netherlands are reportedly proposing new rules by the European Union (EU) to regulate tech giants such as Google, Facebook, and Amazon, CNBC reported. “Our common ambition is to design a framework that will be efficient enough to address the economic footprint of such actors on the European …
Read More »French Minister Supports Tariffs on American Imports
France’s Minister of Finance, Bruno Le Maire, said on Friday that he supports imposing European tariffs on imports from the United States, after the World Trade Organization (WTO) allowed the European Union the right to retaliate against the US subsidies for Boeing, Reuters reported. “The EU has the possibility to …
Read More »Confirmation Of easing Inflation Decline France during September
The consumer price index in France declined during September on a monthly basis, according to analysts’ expectations. Final data issued by the French National Institute of Statistics and Economic Studies showed today, Wednesday, that the inflation rate in France recorded -0.5% during the month of September on a monthly basis, …
Read More »France’s Central Bank: The Economy Expanded 16% in Q3
France’s central bank said Thursday that the country’s economy expanded 16% in Q3, after an unprecedented 13.8% decline in the previous three months, confirming earlier forecasts. The second-largest economy in the eurozone fell sharply into recession in Q2 after imposing a set of strict lockdown measures in Europe to limit …
Read More »French Manufacturing Sector Returns to Growth in September
France’s manufacturing sector has returned to expansion despite the continuing effects of Coronavirus on the economy and has entered the expansion area on PMI. Data published by IHS Markit said its final purchasing managers’ index rose to 51.2 in September from 49.8 in August. slightly up from a preliminary reading …
Read More »France Not Planning Another COVID-19 Lockdown
The Prime Minister of France, Jean Castex, said on Friday that there are currently no plans by his government to impose a lockdown to combat the outbreak of the coronavirus (COVID-19), despite a recent surge in new confirmed cases, Reuters reported. “The virus is with us for several more months …
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