Euro Retreats From Session Highs Against Dollar as France Widens Lockdown

© Reuters. By Yasin Ebrahim Investing.com – The euro cut its gains against the dollar Wednesday as investors fret over fresh lockdown measures in the economic bloc that will likely slow the recovery, but some experts see a reversal on the cards for the single currency. fell 0.18% to $ 1.1735, after hitting a high […]

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France picks zone off Normandy coast for new 1GW windfarm

© Reuters. FILE PHOTO: French government presents crisis recovery plan for economy PARIS (Reuters) – France has identified a zone off the coast of Normandy for the construction of a 1 Gigawatt (GW) windfarm and launched the tender process for its development, Environment Minister Barbara Pompili said on Saturday. The planned windfarm will be located […]

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France reports 26,896 coronavirus cases for the day – a new daily record. Positive rate is over 10%.

A record daily raise in the number of newly confirmed COVID-19 cases for France. Elsewhere in Europe: The UK reported more than 15,100 new cases on Saturday. Spain has declared an emergency in Madrid for 15 days Germany has introduced new restrictions, including a curfew on bars and restaurants (11pm) A few updates … sheesh […]

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Macron challenger presses France to save tyre plant

© Reuters. Japan’s Bridgestone to close tire factory in Bethune due to low demand PARIS (Reuters) – France should invest in a Bridgestone (T:) tyre plant threatened with closure, the head of its regional government who plans to run against President Emmanuel Macron in 2022 said on Sunday, ahead of a ministerial visit to the […]

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France to look with ‘fairness’ at any offer for Engie’s Suez stake: Le Maire

3/3 © Reuters. FILE PHOTO: Logo of french gas and power group Engie 2/3 PARIS (Reuters) – The French state will look with “fairness” at waste and water management company Veolia’s (PA:) offer for Engie’s (PA:) stake in Suez (PA:) as well as at any other offer that could emerge, Finance Minister Bruno Le Maire […]

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France unleashes 100 billion euro stimulus to revive economy

© Reuters. People walk on the esplanade of La Defense in the financial and business district of La Defense, west of Paris By Leigh Thomas PARIS (Reuters) – France will spend 100 billion euros to help pull its economy out of one of Europe’s worst coronavirus-induced slumps, under a recovery plan that revives pro-business reforms […]

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France to push for rights sanctions in EU recovery plan: minister to FT

© Reuters. Weekly cabinet meeting in Paris (Reuters) – France will push for financial sanctions under the EU’s 750 billion euro ($ 880 billion) coronavirus recovery fund against states that undermine fundamental human rights, its junior European affairs minister told the Financial Times newspaper https://on.ft.com/33iEmzj. “(We can’t tell) French, Polish, Hungarian and European citizens that […]

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Air France must slash domestic traffic in exchange for state guarantees -minister

© Reuters. Airplanes at Paris Charles de Gaulle airport in Roissy-en-France PARIS (Reuters) – Air France (PA:) will have to “drastically” reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday. Domestic routes were served by alternatives in the form of high-speed trains, she noted in […]

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France agrees 140 million euro wine distillation support plan

PARIS (Reuters) – France approved support for French winemakers on Monday to distil wine surplus into alcohol following a slump in demand because of restaurant and bar closures and lower exports due to extra U.S. tariffs, but the measures fell short of union requests. The government cleared a 140 million euro ($ 151 million) crisis […]

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