Australia made 'huge' mistake' cancelling submarine deal, says French ambassador

MELBOURNE (Reuters) – Australia has made a “huge” diplomatic error, the French ambassador said on Saturday having been recalled to Paris after Canberra ditched a multi billion dollar order for French submarines in favour of an alternative deal with the United States and Britain. “I think this has been a huge mistake, a very, very… Continue reading Australia made 'huge' mistake' cancelling submarine deal, says French ambassador

COVID-19: France suspends thousands of health workers ‘without pay’ after they fail to get vaccinated

Around 3,000 health workers in France have been suspended, reportedly without pay, for failing to get vaccinated against COVID-19 ahead of a deadline this week to have at least one jab. It comes as care workers in England must get their first vaccine dose by today and be double jabbed by 11 November to keep… Continue reading COVID-19: France suspends thousands of health workers ‘without pay’ after they fail to get vaccinated

Southern France lashed by heavy rain, thunder and flooding

Southern France has again been hit with heavy rain, thunderstorms and flooding after a similar deluge just days ago. The equivalent of two months’ rain is said to have fallen in two hours in one area of Gard. Videos on social media showed torrential downpours in the city of Nimes and flooded streets in Calvisson.… Continue reading Southern France lashed by heavy rain, thunder and flooding

Trial of 2015 jihadist attacks starts in Paris amid high security

PARIS (Reuters) -The trial of 20 men accused of involvement in a jihadist rampage across Paris in 2015 began under high security in the French capital on Wednesday, with the man widely believed to be the only surviving attacker appearing in a black mask.French Police forces secure near the Paris courthouse on the Ile de… Continue reading Trial of 2015 jihadist attacks starts in Paris amid high security

Security high in Paris as 2015 jihadist attacks trial begins

PARIS (Reuters) – A trial of unprecedented scale starts under high security on Wednesday to judge 20 men suspected of involvement in a jihadist rampage across Paris on Nov. 13, 2015, the deadliest attack in peacetime France.Slideshow ( 3 images )Some 130 people were killed and hundreds wounded when gunmen with suicide vests targeted six… Continue reading Security high in Paris as 2015 jihadist attacks trial begins

Security high in Paris as 2015 jihadist attacks trial begins

PARIS (Reuters) – A trial of unprecedented scale starts under high security on Wednesday to judge 20 men suspected of involvement in a jihadist rampage across Paris on Nov. 13, 2015, the deadliest attack in peacetime France.Slideshow ( 3 images )Some 130 people were killed and hundreds wounded when gunmen with suicide vests targeted six… Continue reading Security high in Paris as 2015 jihadist attacks trial begins

Eurozone Private Sector Growth Moderates In August

Eurozone private sector logged another robust growth in August but the momentum faded slightly from July’s 15-year peak, final data from IHS Markit showed on Friday. The final composite output index fell to 59.0 in August from 60.2 in July, which was the highest since June 2006. The reading stood below the flash 59.5. Nonetheless,… Continue reading Eurozone Private Sector Growth Moderates In August

Ignoring WHO call, major nations stick to vaccine booster plans

PARIS/BERLIN (Reuters) -Germany, France and Israel will go ahead with plans to administer COVID-19 vaccine boosters, disregarding an appeal by the World Health Organisation to hold off until more people are vaccinated around the world.FILE PHOTO: Tokyo 2020 Olympics – Judo – Men’s 60kg – Last 32 – Nippon Budokan – Tokyo, Japan – July… Continue reading Ignoring WHO call, major nations stick to vaccine booster plans

Eurozone Manufacturing Growth Moderates In July

The euro area manufacturing sector growth moderated in July but the pace of expansion remained elevated, final data from IHS Markit showed on Monday. The final factory Purchasing Managers’ Index fell to 62.8 from 63.4 in June. This was the lowest reading since March. But the reading was above the flash 62.6 and the sector… Continue reading Eurozone Manufacturing Growth Moderates In July

France broadens use of COVID-19 health pass, slashes fines

FILE PHOTO: People queue for tickets as Paris’ iconic Eiffel Tower reopens its doors to tourists since late October 2020, after the second national COVID-19 lockdown in Paris, France, July 16, 2021. REUTERS/Pascal Rossignol/File PhotoPARIS (Reuters) – The French government adjusted its new plan to fight COVID-19 on Monday, slashing planned fines and postponing them… Continue reading France broadens use of COVID-19 health pass, slashes fines

Rush for COVID vaccines as French government tightens screws

PARIS (Reuters) -Hundreds of thousands of people in France rushed to set up appointments to get vaccinated against the coronavirus after the president warned that the unvaccinated would face restrictions aimed at curbing the quick spread of the Delta variant.FILE PHOTO: Women walk past a coronavirus disease (COVID-19) vaccination center installated in front of Paris… Continue reading Rush for COVID vaccines as French government tightens screws

Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

France’s apex bank and Singapore’s monetary authority have collaborated on a cross-border central bank digital currency (CBDC) project. The partnership is the latest example of the emerging international cooperation among central banks in CBDC development across the world. Wholesale CBDC Pilot Between France and Singapore According to an announcement issued on Thursday (July 8, 2021),… Continue reading Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

France’s apex bank and Singapore’s monetary authority have collaborated on a cross-border central bank digital currency (CBDC) project. The partnership is the latest example of the emerging international cooperation among central banks in CBDC development across the world. Wholesale CBDC Pilot Between France and Singapore According to an announcement issued on Thursday (July 8, 2021),… Continue reading Banque de France Conducts Cross-Border Central Bank Digital Currency Experiment

‘Black is white’: France halts champagne exports to Russia over ‘bubbly war’

Moscow/Paris: Russian oligarchs are facing a shortage of champagne, after French producers temporarily cut off supplies to the country over a new law that will force them to label their drinks as “sparkling wine”. Last week, President Vladimir Putin signed off on legislation stating that only wine produced in Russia could be labelled as “champagne”,… Continue reading ‘Black is white’: France halts champagne exports to Russia over ‘bubbly war’

HSBC to announce sale of French retail banking operations on Friday – sources

Slideshow ( 2 images )PARIS (Reuters) – HSBC is set to announce the sale of its retail banking operations in France to private equity group Cerberus on Friday, three sources familiar with the matter said, after struggling to offload a business that will need restructuring. The bank had entered final negotiations with Cerberus several months… Continue reading HSBC to announce sale of French retail banking operations on Friday – sources

Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

PARIS (Reuters) – French President Emmanuel Macron called out on Wednesday what he described as excesses of liquidity in the U.S. and Chinese financial markets, some of which he said could instead foster the growth of tech companies in Europe.FILE PHOTO: France’s President Emmanuel Macron holds a news conference during the NATO summit in Brussels,… Continue reading Macron bemoans nonsense innovation, takes aim at Chinese and U.S. tech bonanza

COVID Delta variant represents 2-4% of French cases -minister Veran

FILE PHOTO: A medical worker administers a nasal swab to a patient at a coronavirus disease (COVID-19) testing center installed inside in the Kursaal concert hall in Dunkirk, France, February 18, 2021. REUTERS/Pascal Rossignol/File PhotoPARIS (Reuters) – The Delta variant of the COVID-19 virus first found in India – which experts estimate to be more… Continue reading COVID Delta variant represents 2-4% of French cases -minister Veran

BIS joins France and Switzerland’s central banks on cross-border CBDC project

The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.” According to a release by the Bank of France on Thursday, the Project Jura pilot study will also draw participation from a… Continue reading BIS joins France and Switzerland’s central banks on cross-border CBDC project

French and Swiss Central Banks to Test Cross-Border CBDC Payments

The Bank of France and the Swiss National Bank have joined hands to launch the trial of cross-border transactions using central bank digital currencies (CBDC). Announced on Thursday, the Bank of International Settlements (BIS) Innovation Hub is a partner of the two central banks in the trial, which will be the first of such kind… Continue reading French and Swiss Central Banks to Test Cross-Border CBDC Payments

Eurozone Manufacturing Growth At Record High

Euro area manufacturing expanded at a record rate in May, led by continued solid growth in output and new orders, latest survey data from IHS Markit confirmed Tuesday. The final Eurozone manufacturing purchasing managers’ index, or PMI, rose to 63.1 in May from 62.9 in April. The flash reading for the index was 62.8. The… Continue reading Eurozone Manufacturing Growth At Record High

France reports 66 hospital COVID-19 deaths over last 24 hours

FILE PHOTO: A medical crew from Angers hospital prepares to take away a COVID-19 patient on a stretcher after his transfer by helicopter from the Ile de France region to Angers hospital, France, March 15, 2021. REUTERS/Stephane Mahe/File PhotoPARIS (Reuters) – French hospitals recorded 66 COVID-19 deaths over the last 24 hours, the health ministry… Continue reading France reports 66 hospital COVID-19 deaths over last 24 hours

Eurozone Economy Re-enters Recession In Q1

The euro area economy slipped back into recession in the first quarter as restrictions imposed to contain the coronavirus pandemic dampened economic activity, the preliminary flash estimate published by Eurostat, showed on Friday. Gross domestic product contracted 0.6 percent from the fourth quarter, when GDP was down 0.7 percent. GDP was forecast to drop at… Continue reading Eurozone Economy Re-enters Recession In Q1

French new COVID cases slow but intensive care patient numbers rise above 6,000

PARIS (Reuters) -New COVID-19 cases in France saw the lowest week-on-week increase since early March on Monday, but pressure on hospitals remained high as the number of coronavirus patients rose above 6,000 again for the first time since spring 2020.FILE PHOTO: A medical staff member, wearing protective gear, works in the Intensive Care Unit (ICU)… Continue reading French new COVID cases slow but intensive care patient numbers rise above 6,000

Rwanda says France bears responsibility for enabling 1994 genocide

KIGALI (Reuters) – France was aware that a genocide was being prepared in Rwanda ahead of the 1994 killings and the French government bore a significant responsibility for enabling it, the Rwandan government said in a report published on Monday.FILE PHOTO: President Paul Kagame and first lady Jeanette Kagame light the Rwandan genocide flame of… Continue reading Rwanda says France bears responsibility for enabling 1994 genocide