Bruno Le-Maire News

The French government has announced a new rule that will require stores to tell customers when a product becomes smaller but its price stays the same or increases

The EU’s landmark regulation for crypto takes effect within the week – and it doesn’t seem that any major specialised players have succeeded in getting authorised.  

PARIS — France is touting itself as the next artificial intelligence superpower.

China’s engagement in the global system of commerce was roundly criticized by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world’s second-biggest economy by name and accused the country of hurting the economies of its trade partners. “While reaffirming our interest in a balanced and reciprocal collaboration, we express concerns about China’s comprehensive use of non-market policies and practices that undermines our workers, industries, and economic resilience,” they said. “We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field.”

China's engagement in the global system of commerce was roundly criticised by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.

By David Lawder

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza. The Ukraine war could take center stage at the meeting, with G7 countries due to meet on the sidelines to discuss shoring up Western support against Russia's invasion — including what US Treasury Secretary Janet Yellen called an «urgent» proposal to use frozen Russian assets to increase aid for Kyiv.

Wolfgang Schaeuble, who served as a member of the German parliament for over half a century, has died aged 81, ending one of Germany's longest political careers in which he helped secure his country's place at the heart of Europe. Schaeuble, who spent much of his career devoted to re-unifying his country and later served as former chancellor Angela Merkel's frugal finance minister during the eurozone debt crisis, died peacefully late Tuesday, said a spokesperson for the centre-right Christian Democrats (CDU) on Wednesday.

European Union finance ministers have sealed a deal to reform the 27-nation bloc’s fiscal rules after France and Germany finally adhered to a compromise

China's Huawei will start building its mobile phone network equipment factory in France next year, a source familiar with the matter said, pressing ahead with its first plant in Europe even as some European governments curb the use of the firm's 5G gear. The company outlined plans for the factory with an initial investment of 200 million euros ($215.28 million) in 2020, but the roll-out was delayed by the COVID-19 pandemic, the source said on Monday. They declined to be identified because they are not authorised to comment on this matter.

PARIS (Reuters) — France is assessing the impact of new U.S. sanctions against Russia's Arctic LNG 2 project in which French oil major TotalEnergies (EPA:TTEF) is a shareholder, Finance Minister Bruno Le Maire told Reuters on Thursday.

PARIS (Reuters) — The French government rammed a long-term public finance bill through parliament without a vote, in a bid to secure billions of euros of EU funding.

PARIS (Reuters) — Food retailers and producers in France will have to wrap up annual price negotiations by Jan. 15 instead of by the traditional March 1 deadline under a bill the French government will send to the parliament on Wednesday.

World Trade Organization in Geneva early this week was unambiguous: A global economy split into rival trading factions would reduce real incomes 5% — maybe double that amount in poor countries. The next day, the European Union launched what some of the 27-nation bloc’s most well-known industries — ranging from Airbus SE to cosmetic producers and wine makers — worry could land them on the punishing end of a trade war with China. Since the European Commission’s announcement Wednesday of a new anti-subsidy inquiry into Chinese electric vehicles, which might lead to duties on Made-in-China EV imports, European businesses are scrambling to assess their exposure to a potential tariff barrage between two of the world’s largest economies. That’s because President Xi Jinping’s government has shown a determination to respond to punitive trade measures — like former US President Donald Trump’s tariffs — with its own reciprocal restrictions. The most powerful tool Beijing can wield is restricting access to its huge domestic market. French Finance Minister Bruno Le Maire, speaking to Bloomberg Television on Friday, signaled that perhaps a new era has arrived, one where “the EU starts thinking about its own interest.”‘Powerful Signal’ With the Chinese subsidy investigation, Brussels “wanted to send a powerful signal,” former EU Trade Commissioner Cecilia Malmstrom told Bloomberg News in an interview.

(Corrects spelling of Elisabeth, paragraph 1)

Narendra Modi's initiatives to combat climate change, with Japanese Prime Minister Fumio Kishida praising him for the concept of "Mission LiFE", sources said. During the G20 meetings and sessions, several leaders lauded Modi's efforts to tackle climate change and extended support to his initiatives. «India's vision of 'One Earth, One Family, One Future' is a beacon, which infuses hope for humanity — with inclusivity, equity and prosperity for humanity that touches all of us.

By Leigh Thomas and Silvia Aloisi

The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies

By Joe Cash

By Richa Naidu

By Tim Hepher