On Monday, French luxury goods group LVMH disclosed it has arrived at an all-cash deal worth $16.2 billion to acquire U.S. jewelry chain Tiffany & Co. LVMH will be paying $135 per share for every share of Tiffany & Co…. Read More ›
France
Cost overruns raises cost of 6 nuclear power plants in France to 46 billion euros
On Saturday, French newspaper Le Monde stated, according to an estimate by EDF, a power utility, it would cost at least $51 billion (46 billion euros) to build six of its latest generation EPR nuclear reactors, if the French government… Read More ›
China faces opportunity to consolidate its market opening
French President Emmanuel Macron called on China to capitalize on this opportunity and quickly consolidate the opening of its market to its trading partners. On Tuesday, French President Emmanuel Macron called on China to “consolidate” the opening up of the… Read More ›
Lazard appoints Louis Girodolle as CEO of Lazard Investment Banking in France
Louis Girodolle has his job cut out given the challenging market environments as well as the need to retain clients in the wake of Matthieu Pigasse’s resignation as the bank’s CEO and chairman. In a statement 171-year-old bank Lazard said,… Read More ›
France proposes Thierry Breton for European Commissioner
Macron is keen to preserve the portfolio he had negotiated with incoming European Commission President Ursula Von der Leyen and has sought assurances that the new candidate would be approved. On Thursday, two weeks after President Emmanuel Macron’s first choice… Read More ›
Boris Johnson’s government aims to end Brexit negotiations by this week: Spectator
It all comes down to whether Irish Prime Minister Leo Varadkar is open for further negotiations. According to a report from the Spectator citing a contact in Downing Street, the British government is preparing to end Brexit negotiations by this… Read More ›
U.S. escalates trade row with the EU: imposes 25% tariffs on alcohol products, Italian cheese, etc
These new tariffs are likely to significantly impact numerous U.S. small and medium sized family businesses which import these European goods into the United States. In a significant development that sees a further escalation of the U.S.-EU trade war, the… Read More ›
U.S.-Japan trade deal on the horizon
With the 2020 elections coming up, Trump is under pressure to deliver to his constituents in key swing states; these are the voters who ensured he became President. U.S. President Donald Trump as well as Japanese Prime Minister Shinzo Abe… Read More ›
Trump threatens to tax French wine in response to France’s digital tax
Fighting wars on two fronts is a very risky proposal. As a response to a French proposal to tax big U.S. tech companies, U.S. President Donald Trump threatened to levy a tax against French wine. On this note it would… Read More ›
BNP Paribas to cut 500 jobs in France over the next 3 years
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
