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Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

Economy

Germany's economic sentiment crashes in August, dragging eurozone down

Germany and the eurozone's economic sentiment plunged in August, driven by global trade slowdown, stock market turmoil, and Middle East tensions.

Economy

Olympics set to give French economy a much-needed boost

France's economy may have received a boost from the Paris Olympics in the third quarter, according to the Bank of France. However, political uncertainty continues to weigh on its stock markets.

Business

French election shock sparks euro slip after victory for the left

An unexpected victory for the leftist New Popular Front causes the euro to fall as markets fear a radical spending spree.

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Markets

Markets rally on bets Le Pen will fall short in French second round

The euro opened higher on Monday as the first round of French parliamentary elections indicated that Marine Le Pen's National Rally (NR) may not secure enough votes to form a government.

Economy

French consumer sentiment takes a dip ahead of elections

Consumers worried during June about the future and their standard of living, with several expecting to be able to save less in the foreseeable future.

Europe News

Concerns grow over economic proposals ahead of French elections

French business leaders are worried about the economic policies political parties have proposed ahead of the snap parliamentary elections.

Markets

London regains markets crown as France dips amid political uncertainty

The FTSE 100 wins out to become Europe's biggest equity market once more as sell-offs due to French political uncertainty lead to heavy losses in France.

Markets

France's borrowing costs rise on Macron's snap election decision

Investors are fleeing French markets amid uncertainty following President Macron's decision to call an early parliamentary election.

Business

Beaumanoir adds Quiksilver and Billabong to its brand portfolio

Ready-to-wear group Beaumanoir buys western European business of Boardriders (Quiksilver, DC Shoes, Element) but some jobs in France will go.

Economy

German and French economies show first quarter signs of revival

Despite Germany's relatively good performance last quarter, the International Monetary Fund believes that structural issues such as aging and lack of investment remain.

Markets

French companies share buyback was on record in 2023. But why?

French companies are buying back their shares like never before. Reportedly, the French government is planning to tax these buybacks.

Economy

Could France's soaring deficit and debt lead to a rating downgrade?

France is under intense fiscal scrutiny as it approaches weeks filled with critical events, including imminent ratings reviews from credit rating agencies. Economists warn that significant fiscal tightening may be required to prevent a downgrade.

Economy

Euroviews. Macron's deficit dilemma depends on sound tax policy

Fixing the deficit issue doesn’t have to be an all-or-nothing game; French citizens and policymakers should recognise that reform is more complicated than punishing the rich or vilifying the poor, Sean Bray writes.

Business

Societe Generale to sell equipment financing business for €1.1bn

The French lender said the sale was part of a strategy to simplify its business under chief executive Slawomir Krupa.

Economy

France trade deficit increases adding to the country's economic woes

In February 2024, France exported €50.3 billion worth of goods, while its imports amounted to €56.3 billion, equating to a trade deficit of €6 billion.

Economy

French inflation falls to two and a half year low as food prices slow

Falling services and energy inflation also contributed to March’s reduced inflation print.

World News

French budget deficit rose to 5.5% in 2023 with welfare cuts planned

The French budget deficit rose to 5.5% according to new data by statistical agency Insee. Prime Minister Attal announced welfare cuts could be imposed to lower the budget deficit to 2.7 percent by 2027.

Economy

French government overshoots deficit target: How will it source funds?

Public accounts showed a fiscal shortfall of 5.5% of economic output last year, up from 4.8% the previous year - and significantly more than the government's target of 4.9%.

Economy

French industry tumbles at start of 2024

Insee said the 1.1% decline was largely due to significantly lower output in the transportation and automotive sectors.