France warns it will block development of Facebook Libra in Europe
France warned Thursday it will block development of Facebook Inc.'s planned Libra cryptocurrency in Europe because it threatens the "monetary sovereignty" of governments. "I want to be absolutely clear: In these conditions, we cannot authorize the development of Libra on European soil," Bruno Le Maire ...
METI chief and French counterpart affirm support for Nissan-Renault amid rapid industry changes
The Japanese and French economy ministers agreed Monday to support the alliance between Nissan Motor Co. and Renault SA in its bid to improve competitiveness in an auto industry rapidly shifting to electrified and self-driving vehicles, the Ministry of Economy, Trade and Industry said. The ...
U.S. objections to French tech tax overshadow G-7 finance meet
The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of Seven rich ...
France pledges to fight for plant where GE plans 1,044 job cuts
French Finance Minister Bruno Le Maire said on Tuesday he would fight to save jobs at a General Electric Co. (GE) factory in eastern France where more than 1,000 posts are threatened. GE earlier on Tuesday said it was considering ways to cut costs and ...
France begins debating digital tax for tech giants, defying U.S. ire
French lawmakers on Monday began debating a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move. The United ...
France uses Group of Seven presidency to issue sobering message urging a revamp of capitalism
France is sounding an alarm for the world's advanced economies: Capitalism is tearing them apart. President Emmanuel Macron and his Finance Minister Bruno Le Maire are using France's presidency of the Group of Seven to argue that the system fuels inequality, destroys the planet and ...
French 3% tax on internet giants could yield €500 million yearly, says finance minister Le Maire
A 3 percent tax on the French revenue of large internet companies could yield €500 million per year, French Finance Minister Bruno Le Maire said on Sunday. Le Maire told Le Parisien newspaper the tax is aimed at companies with worldwide digital revenue of at ...
Renault picks Michelin's Jean-Dominique Senard as new chairman and Thierry Bollore as CEO
Senard would be charged with smoothing out the strained relationship with Nissan., a source said, while Bollore would handle daily operations.
France downplays Renault-Nissan merger idea amid tensions over lopsided alliance built by Ghosn
France’s finance minister says there is no plan to remodel the alliance between Renault SA and Nissan Motor Co., despite reports to the contrary.
France presses Renault over executive compensation paid via Dutch holding firm
The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday. Le Maire made the demand after France's CGT trade Union ...
Ford accused of 'treachery' in France over factory closure and snub of potential buyer
French Finance Minister Bruno Le Maire accused Ford of "treachery" and "cowardice" on Thursday in a furious reaction to the U.S. automaker's decision to shutter a factory near Bordeaux and snub a potential buyer. Around 850 jobs are on the line at the Blanquefort plant ...
