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India

Leigh Thomas

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

5:22pm IST

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.

'City of lights' plunged into dark sorrow as Notre-Dame burns

16 Apr 2019

PARIS Distraught Parisians and stunned tourists gazed in disbelief on Monday as a monstrous inferno tore through Paris' Notre-Dame cathedral, one of the world's best-loved monuments.

'City of lights' plunged into dark sorrow as Notre-Dame burns

16 Apr 2019

PARIS Distraught Parisians and stunned tourists gazed in disbelief on Monday as a monstrous inferno tore through Paris' Notre-Dame cathedral, one of the world's best-loved monuments.

Middle class shrinking as incomes stagnate, costs rise: OECD

11 Apr 2019

PARIS The middle class is shrinking in developed economies as increases in workers' wages have failed to keep up with the rising cost of housing, education and healthcare, the OECD said on Wednesday.

France to propose new 'growth contract' to euro zone partners: minister

10 Apr 2019

PARIS France will propose a new "growth contract" with its euro zone partners to encourage northern countries in the bloc to invest more and for southern countries to undertake further reforms, its finance minister said on Wednesday.

Interview: Bank mergers key to stronger euro zone - French finance minister

05 Apr 2019

BUCHAREST Mergers in Europe's fragmented banking sector are necessary to make the sector more resilient as the euro zone seeks to protect itself from future crises, France's finance minister told Reuters in an interview.

Euro zone inaction leaves ECB to step into the breach again

30 Mar 2019

PARIS As the euro zone's downturn drags on, the lack of coordinated response from the bloc's governments appears to be leaving an uneasy European Central Bank with little choice but to step into the breach again.

Planned steel plants will add to supply glut - OECD

27 Mar 2019

PARIS The global steel industry could face a new supply glut if certain countries, which already contribute to overcapacity in the sector, bring on new steelmaking plants, said the OECD Steel Committee.

Planned steel plants will add to supply glut - OECD

27 Mar 2019

PARIS, March 27 The global steel industry could face a new supply glut if certain countries, which already contribute to overcapacity in the sector, bring on new steelmaking plants, said the OECD Steel Committee.

France cut its budget deficit to 12-year low in 2018

26 Mar 2019

PARIS France cut its public sector budget deficit by more than expected last year, trimming it back to the lowest level in 12 years, according to data from the INSEE statistics agency.

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