Leigh Thomas

Failed FCA-Renault deal exposes limits of French industrial intervention

06 Jun 2019

PARIS Fiat Chrysler's abrupt withdrawal of its merger offer for Renault lays bare the limits of the French government's interventionist industrial policy, forever struggling to balance political needs with hard commercial logic. | Video

Global roadmap takes step towards solving digital tax conundrum

31 May 2019

PARIS Nearly 130 countries and territories have agreed to a roadmap aimed at overhauling international tax rules which have been overtaken by development of digital commerce.

French households squirrel away Macron's purchasing power boost

29 May 2019

PARIS Frugal French households are saving extra cash rather than going on a growth-boosting spending splurge after President Emmanuel Macron gave a 15 billion euro boost to their incomes, official data showed on Wednesday.

Low ECB rates are justified, and not sole reason for weak bank profits: Villeroy

28 May 2019

PARIS Low interest rates are justified by the euro zone's current economic conditions and their impact on banks' profitability should not be exaggerated, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

French regulator urges SCOR and Covea to end conflict

28 May 2019

PARIS, May 28 France's banking and insurance regulator has urged reinsurer SCOR and insurer Covea to bury the hatchet for the sake of financial stability, a top official said on Tuesday.

OECD members, including U.S., back guiding principles to make AI safer

24 May 2019

PARIS The evolution of artificial intelligence is driving advances in technology but raising questions over ethics, the head of the OECD said on Wednesday, as more than 40 nations backed a set of principles meant to improve transparency around AI.

U.S., China need to reverse course in trade row to help economy: OECD

21 May 2019

PARIS Economic growth in China and the United States could be 0.2-0.3% lower on average by 2021 and 2022 if the two countries do not row back on tit-for-tat tariffs in their dispute that has dampened the global economic outlook, the OECD said on Tuesday.

Two years into presidency, Macron refocusing economic reform drive

13 May 2019

PARIS When Emmanuel Macron became French president two years ago he promised a clean break with the past. Within months of taking office he had cut tax on companies and investors and made hiring and firing easier via changes to labour laws.

French first-quarter consumer recovery helps keep economy cruising

30 Apr 2019

PARIS The French economy maintained a steady pace of growth in the first three months of the year as household spending recovered after anti-government protests at the end of 2018, official data showed on Tuesday.

France's Macron looks to match tax cuts with spending cuts

26 Apr 2019

PARIS French President Emmanuel Macron has ordered that further cuts to income tax must be matched euro-for-euro by cuts in public spending to keep the budget deficit from spiralling out of control, his finance minister said on Friday.

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