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Tag: French

Scallop wars: British and French fail to reach deal

Scallop wars: British and French fail to reach deal

Business
British and French fishermen have failed to reach a deal to end the scallop wars in the English Channel. Talks broke down in Paris on Friday, with industry bosses unsuccessful in an attempt to agree a compensation package that would address recent skirmishes.Tensions rose last week when five British vessels sparred with dozens of French boats in the Seine Bay - with footage showing fishermen from both sides ramming each other. 1:05 Video: French v Brit Channel clashes ...
Trade war a reality, French finance minister warns

Trade war a reality, French finance minister warns

Business
A trade war is now a reality, French Finance Minister Bruno Le Maire has warned as G20 ministers gather for a summit in Argentina. The current US trade policy of imposing unilateral tariffs is based on "the law of the jungle", he said. But US Treasury Secretary Steven Mnuchin defended the tariffs and urged the EU and China to open their markets to allow free competition.Last week, US President Donald Trump described the EU as a "foe" on trade.Mr Trump later threatened to impose tariffs on all $ 500bn (£380bn) of Chinese goods entering the US in a growing trade row.The US has large trade deficits with both the 28-member EU and China.The two-day talks in Buenos Aires bring together finance ministers and central bankers of th...
Greenpeace drone, toy plane crash into French nuclear plant

Greenpeace drone, toy plane crash into French nuclear plant

Technology
Greenpeace activists say they have crashed two remote-controlled aircraft — a drone and a tiny radio-controlled plane — into a French nuclear plant to highlight the lack of security around the facility. The drone, which was decorated like a miniature Superman, slammed into the tower in Bugey, 30 kilometers (20 miles) from the eastern city of Lyon, according to a Greenpeace video Tuesday. A short time later, the group released a video showing a small remote-controlled plane heading to a crash at the same wall. The environmental group says the aircraft were harmless but showed the lax nuclear security in France, which uses atomic power for about 75 percent of its energy needs. Last week 19 Greenpeace activists were handed suspended sentences for breaking into another nuclear pl...
French energy company ENGIE sidesteps takeover questions

French energy company ENGIE sidesteps takeover questions

Business
June 26 (UPI) -- French energy company ENGIE said Tuesday it was addressing a Portuguese request by saying it wasn't bidding for a regional renewable unit of EDPR. Bloomberg News, citing sources with knowledge of the issue, reported Monday that the French energy company was considering a takeover of the Portuguese segment of EDP Renovaveis with an eye on its U.S. portfolio. In a statement Tuesday, the French company said it was responding to requests from market authorities in Portugal and recent speculation by saying it was "constantly" looking at investment opportunities. "That said, ENGIE has not taken any decision in relation to EDPR and currently is not preparing the launching of any takeover bid over shares issued by EDP Renováveis," its statement read. EDPR, which has its h...
General Electric faces fines over French jobs pledge

General Electric faces fines over French jobs pledge

Business
France is threatening to take the unusual step of fining General Electric if it fails to create a set number of jobs in the country.It is claimed the US industrial giant will renege on a pledge to produce 1,000 new jobs by the end of the year.The Labour minister Muriel Penicaud said GE would face a €50,000 penalty for every job not created.The move could be a test of President Emmanuel Macron's bid to push through more business-friendly policies.GE had committed to create a net 1,000 new jobs by the end of this year when it bought the energy business of France's Alstom in 2014. The US company was in competition for Alstom with Siemens of Germany.But GE had created only 323 jobs by the end of April, the finance ministry said last week.GE chief executi...