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The Latest Breaking News from Le Maire

Macron camp divided as far-right National Rally takes one step closer to power in Paris

Rival French parties scramble to build anti-far-right front amid political turmoil

The Independent UK

France's soaring debt could lead to calls to leave the EU, a top bank warns

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European Union.

Fortune

French stock market plummets amid fears of far right election win

CAC 40 index has its worst week since March 2022 after Macron’s decision to call snap elections

The Guardian - UK

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Amazon, Pfizer, AstroZeneca to pledge billions at ‘Choose France’ summit

US retail giant Amazon is expected to announce a €1.2-billion ($1.3-billion) investment in France, the French government said Sunday, while pharmaceutical giants Pfizer and AstroZeneca have pledged nearly €1 billion ahead of the annual Choose France summit on foreign investment starting Monday.

France 24

Everyone loves manufacturing — but no-one has the workers

Emmanual Macron is dead keen to restore French manufacturing. But there’s a big impediment in the way: there aren’t enough workers. And things aren’t any better here at home.

Crikey

French Govt To 'Fight' TotalEnergies New York Listing

TotalEnergies CEO Patrick Pouyanne told Bloomberg last week he was thinking about moving the listing across the Atlantic, as North American institutional investors come close to making up a majority of shareholders.

International Business Times

At IMF, Brazil And France Renew Push For 'Fairer' International Taxation

The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.

International Business Times

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French Deficit Worsens To 'Very Rare' Level

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

International Business Times

Slower economic growth means France must cut €10bn in public spending

French Finance Minister Bruno Le Maire has announced €10 billion of spending cuts across all government departments and agencies to make up for a drop in the 2024 GDP growth forecast to 1 percent, from 1.4 percent.

Radio France Internationale

France seeks deal to salvage New Caledonia's nickel sector

France is seeking an agreement by the end of January to save New Caledonia's nickel industry, which has been hobbled by political tensions and high energy costs.

Radio France Internationale

Europes' largest economy falls further behind US in recession warning

The German economy declined 0.1% in the third quarter, with falling oil demand sounding the latest recession alarms.

Fortune

French supermarket sticks 'shrinkflation' warnings on food to shame suppliers

French supermarket chain Carrefour has slapped price warnings on goods from Lindt chocolates to Lipton Ice Tea to pressure top suppliers to limit so-called "shrinkflation" – reducing the size of products while maintaining or increasing their price.

Radio France Internationale

French finance minister says decoupling from China not possible

France's finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was "an illusion", as some Western countries question their reliance on the Asian giant.

Radio France Internationale

France's Le Maire presses China on market access and lobbies for electric car investment

The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies

The Independent UK

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Radio France Internationale

French government promises tourists' safety is 'guaranteed' despite riots

France's Minister for Finance, Bruno Le Maire, has been leading a PR drive in the US and UK seeking to reassure and attract foreigners back to France in the wake of over a week of rioting that has caused international concern, as measures are put in place to get the…

The Guardian - UK

FTSE 100 posts biggest jump since March as US economy adds 339,000 new jobs – as it happened

US economy added more jobs than forecast last month, with March and April’s data revised higher too, but unemployment rate has jumped to 3.7%

Reuters

Macron struggles to kick France's spending habit

President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to transform the economy, but has not broken France's addiction to spending big to buy social peace.

The Guardian - UK

Non, minister. Spare us the derriere sex scenes and stick to politics

Bruno Le Maire isn’t the only politician to try his hand at an erotic novel, but one passage has been singled out for attention

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Reuters

'Focused on the job': France's Le Maire defends writing of steamy novel

French Finance Minister Bruno Le Maire said he was fully focused on creating growth and fighting inflation after coming under fire for penning a steamy novel that was published hours before France's credit rating was downgraded by an agency.

The Guardian - UK

French minister’s steamy novel turns up heat on Macron

Sex scene in Bruno Le Maire’s book provokes ridicule and anger among opposition politicians

France 24

French finance minister raises eyebrows with racy novel, 'Fugue américaine'

A new novel by French President Emmanuel Macron's Finance Minister Bruno Le Maire – containing one breathlessly erotic passage that has gone viral – has forced the government to explain how he finds the time for such a project in a period of economic trouble for so many.

Reuters

France wants independence, will stay 'strong and reliable' US ally, finance minister says

French finance minister Bruno Le Maire said on Wednesday that France and Europe want to pursue an independent policy path from the United States and China, but intend to be "strong and reliable allies of the United States of America."

France 24

France has narrowed its budget deficit, but how does it compare to other EU states?

French economists and public auditors alike breathed a sigh of relief as the national statistics agency INSEE on Tuesday published an annual report showing that the country’s 2022 budget deficit dipped below 5% of GDP. Public debt also slightly decreased. Despite these hopeful figures, France still remains one of the…

France 24

France says no risk of contagion as governments handle SVB collapse fallout

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took extraordinary steps to stop a potential banking crisis.

Reuters

France won't sign G20 communique unless it strongly condemns Russia

France will not sign off on a G20 communique unless it contains the same denunciation of Russia's invasion of Ukraine as it did last year, its finance minister said on Friday on the sidelines of a G20 meeting in India.

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