After the government’s announcement to raise from 5.5% to 7% VAT for food services at the table, syndicates sector “reserve the right not to implement” all commitments on the employment rates and the attractiveness of the area. The restaurant industry will bear the brunt of the new government austerity plan. The news was expected since last [...]
Nov 7 2011 | Posted in
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Here is the transcript of what were said to the leaders of the twenty largest economies in the world at the first G20 meeting Thursday, November 3, at Cannes. President Barack Obama expressed concern inside the G20 risk of contagion of the Greek crisis to larger countries, which would make the situation unmanageable.“Although Greece is [...]
Nov 3 2011 | Posted in
Finance |
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INTERVIEW – The billionaire and philanthropist Bill Gates this Thursday’s report on the development commissioned by President Nicolas Sarkozy. What key message do you want to get the G20? Bill Gates . - At Cannes, and it is my great honor to be invited, I want to show that even in turbulent times, we can improve [...]
Nov 3 2011 | Posted in
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The trend towards the Paris Stock Exchange on Thursday and was reversed after opening sharply down, the odds grew at midday (1.92%) carried by the bank recovery and by rumors of cancellation of the referendum Greece due to the political crisis in Athens. At 24:55 (11:55 GMT), the CAC 40 gained 64.34 points to 3173.22 [...]
Nov 3 2011 | Posted in
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After her tumble the day before the Paris Stock Exchange has long remained undecided on which way to go before settling in the green thanks to the positive opening on Wall Street and expectations of support ads the U.S. economy by the Fed. After the panic that blew yesterday on European stock markets, concern remained [...]
Nov 2 2011 | Posted in
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* Decrease of 0.5% in September, up 0.2% in Q3 * Soft Outlook for Q4 in a climate of anxiety (Updated with economists, background, link) PARIS, Oct. 28 (Reuters) – French consumer spending on goods fell by 0.5% in September, a decline which reinforces the prospect of low growth in the third and fourth quarters while [...]
Oct 28 2011 | Posted in
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The French authorities did not wait for the bonus season to remind banks moderation policy of pay after the agreement reached Thursday in Brussels on the European banking system recapitalization and an economic downturn. In his televised speech, Nicolas Sarkozy, who has lowered the growth forecast for 2012 from France, said he wanted to end [...]
Oct 28 2011 | Posted in
Banking |
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After opening on a positive note, always carried by the anti-crisis plan of the euro area, the Paris Bourse is passed back close to even in mid-session, dropping 0.14% to 3363.78 points. After starting his session on a rise of 0.36%, supported by the Europe Agreement to end the crisis in the eurozone , the CAC [...]
Oct 28 2011 | Posted in
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After Greece, Ireland and Portugal, a support plan for Italy, the third Euro-zone economy, would no longer be taboo! For now, information is always denied by all the protagonists, who see it more leverage to force Rome to accelerate its reforms … Last night, the Italian Prime Minister Silvio Berlusconi attended an Extraordinary Council of Ministers [...]
Oct 25 2011 | Posted in
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After starting the session on a positive note, the Paris Stock Exchange lost 0.31% to 3162.59 points. Investors did not appreciate the bad news on economic activity in France and euro area. Optimism is more than up to the Paris Stock Exchange on Monday. After increasing by 0.61% at the opening in the wake of the Asian [...]
Oct 24 2011 | Posted in
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