EU summit ends banking secrecy

May 24, 2013

EU summit ends banking secrecy

European leaders on Wednesday targeted a yearend deadline to do away with banking secrecy, hoping to recoup €1 trillion in lost tax each year to help beat recession and unemployment. However, British Prime Minister and current Group of Eight chair David Cameron, backed by ...

Does France have right revival plan?

| May 23, 2013

Does France have right revival plan?

by Sarah Dilorenzo

The man charged with reviving France’s shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; ...

May 21, 2013

Kumamon mascot to visit France

Kumamon, the official black bear mascot of Kumamoto Prefecture, will visit France in July to take part in the Japan Expo, local officials said Monday. Kumamon, one of Japan’s most popular regional promotional mascots, will be making its European debut at the culture and ...

May 20, 2013

French school manages to survive in war-rattled Damascus

Angered over Syrian President Bashar Assad’s brutal repression of peaceful protests in Syria two years ago, Paris closed its embassy in Damascus, virtually cutting off the lifeline to the capital’s once-thriving French school. But tenacious parents and staffers, driven by their love for French ...

May 20, 2013

Ex-minister quits re-election bid

Jerome Cahuzac, France’s former budget minister who was forced out of office over a tax fraud scandal, will not seek re-election to his former parliamentary seat, a newspaper reported Sunday. Cahuzac, who last month bowed to pressure and also resigned from the National Assembly, ...

May 1, 2013

France seeks to ax military jobs but keep clout

France plans to ax nearly 10 percent of all jobs in the armed forces but maintain significant spending as it tries to maintain its status as a top military power, a government review showed Monday. The white paper, which sets the general direction of ...

France divided but gay marriage a likely reality

Apr 22, 2013

France divided but gay marriage a likely reality

Gay marriage may have passed with barely a hitch in many countries, but it has kicked up a huge storm in France, a country often seen as the champion of secularism and notoriously relaxed on issues pertaining to private life. Smelling blood after a ...

Top French officials disclose personal wealth

Apr 17, 2013

Top French officials disclose personal wealth

The wealthiest member of France’s Socialist government, French people learned Monday, is Foreign Minister Laurent Fabius, who inherited a $7.8 million fortune from his family’s trade in art and antiques. But Michele Delaunay, minister for the aged, also disclosed a comfortable stash: $7 million, ...

Hollande seeks to eradicate tax havens

Apr 12, 2013

Hollande seeks to eradicate tax havens

With the French government reeling over a minister’s tax-dodging scandal, President Francois Hollande proposed a law Wednesday that would force ministers, legislators and other senior officials to declare their assets publicly and submit to auditing by a “totally independent” authority before and after taking ...