Keyword: Bruno Le Maire
EDF’s Flamanville 3 nuclear project in France is running more than 10 years behind schedule and has racked up billions of euros in cost overruns.
The hitherto state-run French lottery operator Française des Jeux (FDJ) will begin opening up its capital to private investors as of November 7th, French economy and finance minister Bruno Le Maire has announced, amid expectations that the sales of shares will raise around 1 billion euros.
French economy and finance minister Bruno Le Maire has said France will seek to prevent Facebook's digital currency Libra from rolling out in Europe, arguing that it represents 'risks of abuse of dominant position, risks to sovereignty and risks for consumers and for companies'.
French carmaker Renault, partly state-owned, could reduce its stake in its Japanese counterpart Nissan in an effort to save the strained commercial alliance between the two marques, said France's economy and finance minister Bruno Le Maire, adding that French plans for a merger between the two, resisted by Nissan, could be abandoned.
Fiat-Chrysler pulled out of the talks, saying the 'political conditions' in France did not currently exist for such a merger to proceed successfully.
General Electric's cost-saving plan calls for cutting up to 1,044 positions, mainly at its Belfort site in east France, which employs 4,300 people.
Over the years there have been repeated scandals about the lavish top-up pensions awarded to the bosses of some of France's biggest firms, most recently involving Renault, Airbus and energy industry engineering firm TechnicFMC. Now, in a bid to end such controversies, the government's finance minister Bruno Le Maire is promising legislation to restrict the level of these lucrative perks. But as Mediapart's Martine Orange reports, the measure already looks as if it will be little more than window dressing.
The continuing street demonstrations and blockades in France mounted by the so-called 'Yellow Vest' movement demanding an end to falling living standards for lower-income earners has become a 'catastrophe for our economy' said French finance minister Bruno Le Maire as he visited parts of Paris where commercial premises and vehicles were vanadlised during weekend protests.
French finance minister Bruno Le Maire said economic results are unsatisfactory 'compared to our European neighbours'.
President Macron’s government is getting ready to sell off its stakes in national giants in its planned loi PACTE amid opposition protests.
French Finance Minister Bruno Le Maire, speaking in German to a business conference in Berlin, said France and Germany had 'a way to go' in order to reach a common position for an ambitious reform of the eurozone, adding, 'We must act, it is now or never'.
Economy minister Bruno Le Maire says he will seek parliament’s approval to abolish the minimum state holdings in four major companies.
French finance minister Bruno Le Maire warned that the bloc could succumb to nationalism if they failed in their attempts at reform.
France is spearheading a plan to tax the turnover of internet giants that manage to avoid paying corporate taxes on profits in European countries where they operate. But despite its bold appearance, and the backing of seven other countries, the plan is beset by political and highly technical problems. And even at this embryonic stage it has little chance of succeeding, writes Romaric Godin.