France Financial News

By Phil Stewart

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Investing.com — European stock markets edged higher Tuesday, with investors awaiting the release of the latest eurozone inflation data as they start unwinding before the Christmas holidays. 

When asked directly what would drive them to take a new job, employees’ answers are focused on functional factors, with pay the overwhelming top choice, followed by benefits and perks, work/life balance, work they enjoy and care about, and better career learning opportunities, finds a survey of 11,000 employees from eight countries (US, Canada, UK, France, Germany, Australia, Japan, and India) conducted by Boston Consulting Group (BCG).

Nissan Motor Co. is expanding its research ties with a leading Chinese university as it and other foreign car companies try to claw back market share in the important Chinese market

Today, the industry comprises only 4 crore unique investors who have around 15 crore folios. MF AUM as a percent of GDP stands currently at 14%. In comparison, countries like China (23%), South Africa (45%) and Brazil (72%) are significantly ahead. Developed markets like the US, France and Australia stand north of 100% on this metric. Clearly more than 4 crore people in India can invest in mutual funds. Over 50 crore people have an OTT subscription, over 25 crore ordered food online last year and over 20 crore have shopped online. I would argue that all these people can certainly start a Rs 500 monthly SIP in mutual funds. At a very conservative estimate, at least 20 crore people in India can be mutual fund investors. Affordability is not the issue. So why are more people not investing in one of the most transparent, well-regulated investment opportunities in the country? I am certain that everyone who is ordering food online is aware of mutual funds and can invest, but for some reason many do not take the next step of considering it as an investment avenue. Why?

Red Sea and Gulf of Aden to try to safeguard commercial shipping against attacks by Yemen's Houthi rebels, who say they are supporting Palestinians under siege by Israel in the Gaza Strip. A statement on Tuesday by U.S. Defense Secretary Lloyd Austin, on a visit to Bahrain, identified several countries taking part in an international force.

global CEO of luxury brand Chanel, has several significant firsts to her credit. At Unilever, Nair, 54, was the first woman to lead global human resources. And then, Chanel appointed her as its first global CEO of Indian origin. She was a fashion industry outsider when picked by the French fashion house to lead it in 2022. “I am humbled and delighted to receive this prestigious award. India has shaped my values; it is where I grew up, where I completed my education, and where I spent 40 years of my life, including two decades of my professional career,” she told ET after being chosen for the Global Indian Award. “This award is a recognition of Chanel, an iconic and admired luxury brand, and our teams across the world. We believe in the freedom of creation, encouraging human potential and acting to have a positive impact in the world.”

Security Council could vote as early as Monday on a proposal to demand that Israel and Hamas allow aid access to the Gaza Strip — via land, sea and air routes — and set up U.N. monitoring of the humanitarian assistance delivered. Diplomats said the fate of the draft Security Council resolution hinges on final negotiations between Israel ally and council veto power, the United States, and the United Arab Emirates, which has drafted the text.

Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing policy in collaboration with law enforcement agencies including the DOJ, FBI, and Secret Service.

Barclays reiterated an Equal Weight rating on Tesla, Inc. (NASDAQ:TSLA) with a 12-month price target of $260.00 ahead of the electric automaker’s 4Q deliveries report.

Spanish workers at a logistics centre of giant online retailer Amazon in northern Spain are planning a three-day strike ahead of the Epiphany feast day on Jan. 6, when Spanish children receive holiday gifts, according to labour union LAB. Around 160 workers at the Trapagaran centre in the Basque country, on the border between France and Spain, plan to strike on Jan. 3, 4 and 5 to demand higher wages, said LAB union leader Gotzon Mardarats, who represents most of the workers.

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Rich countries are raising more money from taxpayers than they have in decades to finance a burst of state spending as surging interest rates make borrowing less attractive. Tax revenues have risen to record levels as a share of economic output in a number of major economies, including France, Japan and South Korea, according to data published by the Organization for Economic Cooperation and Development, the club of mainly rich countries. The increases are worth hundreds of billions of dollars in additional revenue for governments that are navigating an array of new spending needs, from military priorities to industrial policy.

SJVN Ltd is discussing a collaboration with France’s official development agency AFD to set up solar projects in India. AFD will also assist SJVN, which is looking to expand its presence on solar energy, with its experience and is discussing providing support on developing solar power as well as ensuring sustainability through the recycling of solar panels, Lise Breuil, AFD’s India director, told Mint. SJVN began its foray into solar power in 2017, and has completed three projects with a total installed capacity of 81.3MW.

Oak casks, once used to store bourbon and wine, are stacking up in a distillery near New Delhi, filled with ageing whisky as workers churn out almost 10,000 bottles a day of Indian single malt Indri, recently named the world's best whisky. Sugarcane and mustard fields, not peat bogs, ring the distillery, where the two-year-old Indian brand's owner Piccadily is ramping up production and building a three-hole golf course to lure connoisseurs and tipplers in the whisky-loving nation. As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market. Established global brands such as Glenlivet, made by France's Pernod Ricard, and Talisker by Britain's Diageo fight for shelf space with local rivals Indri, Amrut and Radico Khaitan's Rampur. Unlike many Asian countries where beer dominates alcohol sales, India is predominantly a whisky-drinking nation. Global awards, increased affluence and a mass of drinkers trying new brands while cooped up during COVID-19 have rocked India's whisky landscape, industry executives and analysts say. Aditya Prakash Rao for years drank foreign brands but now increasingly buys Indian malts for himself and for gifts during festive seasons.

U.S.-based businesswoman Michele Kang has acquired the London City Lionesses in English soccer’s second division

The U.S. military says an American warship shot down 14 suspected attack drones over the Red Sea on Saturday

India’s plans to import reactors from America and France. The historic agreement was signed by then US President George Bush on October 8, 2008.

Alex Batty, an 11-year-old boy who was reported missing during a trip to Spain in 2017, has been found in France and will return home to the U.K. in the coming days, authorities said.