PURCHASING POWER: Household consumption in France should fall back due to prices that remain very high In 2022, French growth experienced a remarkable boom with a 2.5% increase. But the year 2023 will not be so good. The French economy is expected to grow by 0.6%, marking a marked slowdown in particular because of prices which will remain high even […]
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INFLATION: The commitment of manufacturers to lower the prices of a hundred food products is really good news for consumers Hundreds of food products will see their prices drop from July under a commitment made to Bercy by 75 major food manufacturers, Bruno Le Maire promised on Friday. Among the products concerned, Bruno Le Maire cited […]
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ECONOMY: Inflation slowed markedly in May to stand at 5.1% year on year, after reaching 5.9% in April and over 6% at the start of the year Good news. After hitting record highs for several months, inflation slowed markedly in France in May. It stood at 5.1% over one year, after reaching 5.9% in April and more than 6% at […]
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INFLATION: Prices at the fuel pump “must decrease by 10 cents” per litre, estimates the CLCV The consumer association CLCV accuses, on Wednesday, fuel distributors of having garnered “explosive gross margins” on gasoline and oil over the past four months, judging that prices at the pump “must decrease by 10 cents » per litre. “Mass distribution and oil […]
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The fast home shopping delivery company, Getir announced on Tuesday 2nd May 2023 that the Paris Commercial Court had placed it in receivership. Getir France, a subsidiary of Turkish fast home grocery delivery player Getir and owner of Frichti and Gorillas, has been placed in receivership by the Paris Commercial Court, the company announced on Tuesday 2nd […]
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On Monday 1st May, the French company TotalEnergies signed an agreement worth one billion dollars, or €900,000,000, with the Emirati gas company ADNOC Gas. The agreement is valid for three years. The Emirati gas company ADNOC Gas announced on Monday 1st May agreement of at least one billion dollars with the French company TotalEnergies to supply it […]
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COMPROMISE: The US central bank is trying to find a happy medium to continue to rein in inflation without further destabilizing weaker banks he US central bank (Fed) raised its rate by a quarter of a percentage point on Wednesday and sought to balance its fight against inflation against the turmoil in the banking sector which it warned could “weigh” […]
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PROTESTS: After the failure of the motion of censure, unions and opponents of the pension reform know that the week is decisive to obtain the withdrawal of the law The Vern-sur-Seiche fuel depot, near Rennes, is paralyzed by demonstrators opposed to pension reform. As the gasoline shortage slowly sets in, union activists believe that the […]
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STRIKE: This blockage should not cause fuel shortages The shutdown of the facilities at the TotalEnergies refinery in Normandy, the largest in France, “started Friday evening”, declared this Saturday by the secretary general of the CGT of the Normandy platform, Alexis Antonioli. “The units have been on hold since last night,” he added. However, this shutdown will take several days and […]
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On the eve of the end of the annual discussions between producers and distributors, nearly 70% of companies would have reached an agreement with the brands. [Update Tuesday, February 28, 2023 at 11:45 a.m.: guest of Franceinfo this morning, Jean-Philippe André, president of the national association of food industries (Ania), confirmed that the annual negotiations were going […]
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