The Alstom saga is far from over. The battle for the French company has intensified as General Electric and Siemens’ CEOs both met with President Hollande to promote their bids.
The French government wants to extract the best guarantees for jobs and the country’s energy independence.
Even as the US job market started recovering, we learned that the country’s economic growth slowed significantly in the early part of the year. The first estimate was released as the Federal Reserve was holding its regular policy meeting, and the disappointing GDP performance complicated the central bank’s decisions.
The International Monetary Fund has also been making important decisions. The IMF’s board was discussing aid for Ukraine, as Kyiv said it has fulfilled all the Fund’s conditions.
That’s all in this edition of Business Weekly.