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Economy Minister Bruno Le Maire has spoken from Japan, two days after the failure of negotiations between Renault and competitor Fiat Chrysler

Renault: The French State says it is Ready to Reduce its Share in the Capital

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The French manufacturer, Renault could see the state lower its stake in the capital. and could yield 15%, according to the Minister of Economy Bruno Le Maire. The priority is to “consolidate the alliance” Renault-Nissan before considering a rapprochement with another manufacturer, said Saturday the French Minister of Economy after the failure of negotiations between the diamond group and competitor […]

Bic will Remove 450 Jobs Worldwide

7th June 20197th June 2019Jason PlantLeave a Comment

PENS: The company, Bic will also hire 400 people, but mostly in Bulgaria The French giant of pens, razors and lighters Bic announced Thursday its intention to cut about 450 jobs worldwide, mainly in its administrative functions, while creating 400 new jobs in new jobs digital. Job cuts will notably affect a hundred employees at its head office in […]

Stephan Winkelmann, CEO of Bugatti, Molsheim, Alsace June 5, 2019.

In Alsace, Bugatti Manufactures the Most Expensive Cars in the World

6th June 20199th June 2019Jason PlantLeave a Comment

The brand has set up its factory in Alsace where it produces the fastest and most expensive cars in the world. Some customers pay up to 2.5 million euros. The fastest and most expensive in the world: the French car brand Bugatti remains true to its credo of extreme luxury cars, assembled by hand in his workshop in Alsace while […]

Fiat withdraws merger offer with Renault

Fiat Gets Impatient and Withdraws its Merger Offer with Renault

6th June 20197th June 2019Jason PlantLeave a Comment

For the Italian-American car manufacturer Fiat, the “political conditions currently in France are not met” to achieve the merger with the Renault group. The manufacturer Fiat Chrysler (FCA) withdrew in the night from Wednesday 5 to Thursday 6th June 2019, its proposed merger with Renault to form the world number 3 of the automobile, failing to obtain a […]

Suspicions of Rigged Markets: The Headquarters of the SNCF and other Sites of the Group Raided

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In 2017, the national financial prosecutor’s office launched a preliminary investigation into irregularities within a subsidiary of the SNCF group in connection with the American company IBM. The head office of SNCF and other Group sites were searched Tuesday 4th June 2019 as part of a preliminary investigation into irregularities in a subsidiary of the group in connection with the […]

Fuel Prices Decline in France

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At THE PUMP: This drop of fuel prices could be explained in part by a favourable geopolitical context The fuel prices in France sold in French service stations fell last week, in the wake of crude oil prices, according to official figures released Monday. Diesel fuel, the best-selling fuel with nearly 80% of volumes, was displayed at […]

Diesel will experience a further decline Tuesday, June 4, 2019 in Luxembourg.

Fuels in Luxembourg: Further Decline in the Price of Diesel

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The price of diesel per litre will drop again in Luxembourg, from Tuesday 4th June 2019. The fuel is again approaching the bar of 1.10 euro per litre. A further decline in diesel prices will take place in Luxembourg on Tuesday 4th June 2019, ten days after one of the few decreases since the beginning of 2019. 2.5 cents less, […]

The firefighters and the SAMU will no longer pay the highway from July

Highways: Firefighters, Police and EMS will no Longer Pay Tolls from July

2nd June 201911th June 2019Jason PlantLeave a Comment

EMERGENCIES: The financial shortfall for highway management companies will not be compensated by the State for the payment of tolls No more cash at the checkout for firefighters and ambulances. From July 2019, vehicles of the emergency services will no longer have to pay tolls on highways, said Wednesday Pierre Coppey, president of Vinci Autoroutes . The measure, announced during a […]

Nuclear electricity, which accounts for 72% of production, allows France to have a price lower than the EU average. The production of electricity of renewable origin represents 18%.

Increase in the Price of Electricity from Today. Since 2007, Prices Have Increased by 50%

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On June 1st, electricity rates will increase by 5.9%, the 10th increase in 10 years. A study by INSEE shows that since 1960, electricity has become an increasingly important part of the household budget. The regulated electricity tariff, applied by EDF to approximately 25 million households, increases by 5.9% as from 1 June 2019 . The government recently announced its […]

Employees of the Belfort General Electric plant work on a turbine on 22 February 2017.

General Electric Social Plan: Emmanuel Macron and the Government Under Fire from Critics

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The American giant, General Electric plans to cut more than 1,000 jobs in France, most of them in Belfort. Trade unions and opposition fired on the government. Emmanuel Macron and the government suffer a flood of critics of the opposition and unions of General Electric , accused of being responsible for a “disaster” industrial and social after the announcement by GE of the suppression […]

Tag: Finance