Latest Finance news and the economy of France
RETAIL: With the liquidation of Camaieu and the placement in receivership of the Go Sport group, Galeries Lafayette, the commercial empire of Michel Ohayon pitches Bordeaux businessman Michel Ohayon will place the 26 Galeries Lafayette stores he controls in France in receivership “to protect them from any attack”, he announced in an interview with the Sud Ouest newspaper […]
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BUSINESS: After Camaïeu and Go Sport, Financière immobilière bordelaise (FIB), through which the Bordeaux entrepreneur built his group, was declared insolvent on February 7 at the request of its owner. After Camaïeu and Go Sport, the main company of businessman Michel Ohayon has been placed in receivership, we learned on Friday from the Bordeaux commercial court, confirming information from the […]
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ENERGY: In Mourenx, which for sixty years was the largest natural gas deposit exploited in France, the industrial site is now focusing on renewable energies It is the largest methanizer in France. In Mourenx (Pyrénées-Atlantiques) , the new TotalEnergies site, BioBéarn, produced its first cubic meters of biogas in January and should eventually supply 30,000 households annually. In this town in […]
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UNDERVOLTAGE: Main cause of this plunge: the shutdown of many EDF nuclear reactors France had in 2022, never produced so little electricity since 1992, a declining record which is largely explained by the shutdown of many EDF nuclear reactors affected by problems of cracks, announced Thursday by the operator of the electricity transmission network RTE in its annual report. “Total […]
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BALANCE SHEET: In 2022, Airbnb posted net income of $1.9 billion with fourth-quarter revenue alone up 24% year-on-year 2022 has been a banner year for Airbnb. The company indeed achieved its best holiday season and its first profitable year, according to results published on Tuesday. The accommodation reservation platform achieved $8.4 billion in revenue (+40% year-on-year) in 2022, […]
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ECONOMY: The administrators announced to union representatives on Tuesday the closure of all San Marina stores in France on Saturday evening, before a probable judicial liquidation The employees will definitely have to draw the curtain this Saturday evening. At a meeting of the social and economic committee of San Marina on Tuesday, the administrators announced the closure of […]
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A minimum pension of 1200 euros. This was indicated by the pension reform project. However, it’s not for everyone. Here are the criteria. This is a persistent element of language on the side of the executive since the presentation of the pension reform on January 10: “two million current pensioners, who have a pension of less than 1,200 […]
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SHOES: The Commercial Court of Marseille will rule on February 20 on the future of the shoe brand. The Commercial Court of Marseilles has deliberated on Monday, February 20, its decision concerning the future of San Marina. Employees of the shoe brand are preparing for the inevitable, and particularly regret “a lack of risk in the […]
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HALF PROMISE: The CEO of the Totalenergies group, which made record profits in 2022, conditions these rebates on an end to the strikes against the pension reform TotalEnergies made record profits in 2022. But while diesel is approaching 2 euros per litre, the group dangled French motorists on Wednesday with discounts at the pump. On one condition: that strikes against pension reform, particularly in […]
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SOCIAL STRUGGLE: After the third day of mobilisation on Tuesday against the pension reform project carried by the government, the CGT announces a renewal of the strike in the refineries at TotalEnergies TotalEnergies strikers renewed the movement on Wednesday morning against the government’s pension reform project in most of the group’s refineries, we learned from the CGT. The union […]
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