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January 18, 2020
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Reuters - Business

Netflix opens Paris office, plans new French-language series

Reuters
PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday. French Culture Minister Franck Riester, Reed Hastings, co-founder and CEO of Netflix and Paris Mayor Anne Hidalgo attend the inauguration......
Reuters - Business

Renault expects slight 2020 car market decline in Europe, Russia and China

Reuters
PARIS (Reuters) – Renault (RENA.PA) said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. FILE PHOTO: A Renault Clio E-Tech Hybrid car......
CNBC Business

West African ‘Eco’ currency sparks division over timetable and euro peg

CNBC
CNBC – For more and to sign up click here Economic Community of West African States member countries flags on world map with national borders Getty Images Having announced the retirement of French colonial currency the CFA franc, the eight countries of the West African Economic and Monetary Union (WAEMU)......
Reuters - Business

Renault, Nissan share ‘real desire’ to make alliance work: chairman

Reuters
PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Thursday there was a “real desire” within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following......
Reuters - Business

Carlos Ghosn’s Japanese lawyers quit after former Nissan chief absconds

Reuters
TOKYO (Reuters) – Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief’s flight to Lebanon from Japan, where he had been fighting financial misconduct charges. In an emailed statement, Hironaka said everyone involved in the case at his practice had resigned.......
Reuters - Business

Factbox: Foreign investment banks with majority stakes in China units

Reuters
HONG KONG (Reuters) – The world’s biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months. FILE PHOTO: A UBS advertisement is displayed on......
Reuters - Business

Ex-Nissan boss Carlos Ghosn’s lawyer Hironaka resigns: NHK

Reuters
FILE PHOTO: Junichiro Hironaka, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn, attends a news conference in Tokyo, Japan, March 4, 2019. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co (7201.T) boss Carlos Ghosn’s lawyer, Junichiro Hironaka, has resigned following his client’s flight to......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.

Reuters
COPENHAGEN (Reuters) – Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s headquarters in Copenhagen,......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.: Finans

Reuters
COPENHAGEN (Reuters) – Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s......
Reuters - Business

Malaysia Airlines suspends Boeing 737 MAX deliveries due to jet’s grounding

Reuters
KUALA LUMPUR/SYDNEY (Reuters) – Malaysia Airlines said on Wednesday it had suspended deliveries of 25 Boeing Co (BA.N) 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. FILE PHOTO: A Boeing 737 Max aircraft sits on the tarmac at......
Reuters - Business

Malaysia Airlines suspends Boeing 737 MAX jet deliveries due to grounding

Reuters
KUALA LUMPUR/SYDNEY (Reuters) – Malaysia Airlines said on Wednesday it has suspended deliveries of 25 Boeing Co (BA.N) 737 MAX jets, citing the plane’s delayed return to service since it was grounded last year following two fatal crashes. FILE PHOTO: A Boeing 737 Max aircraft sits on the tarmac at......
Reuters - Business

Ghosn says French envoy told him Nissan was turning against him

Reuters
BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. “Frankly, I was shocked by the arrest and the first......
Reuters - Business

Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets due to grounding

Reuters
FILE PHOTO: A Boeing 737 Max aircraft sits on the tarmac at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. REUTERS/Lindsey Wasson KUALA LUMPUR (Reuters) – Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing (BA.N) 737 MAX jets, citing the plane’s......
Reuters - Business

Ex-Nissan boss Ghosn says French envoy told him of inside plot

Reuters
BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. “Frankly, I was shocked by the arrest and the first......
New York Post

French director accused of sexually abusing actress when she was a teen

NYPost
New York Post – For more and to sign up click here PARIS — A French filmmaker is in custody while authorities investigate accusations that he sexually abused an actress when she was between 12 and 15 years old. Director Christophe Ruggia was detained for questioning Tuesday based on allegations......
Reuters - Business

Renault, Nissan say alliance not headed for break-up

Reuters
FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann TOKYO/PARIS (Reuters) – French carmaker Renault (RENA.PA) and Japanese partner Nissan Motor (7201.T) said their alliance was in no danger of being dissolved,......
CNBC Business

Joe Biden campaign chairman rallies Wall Street donors for fundraising push

CNBC
CNBC – For more and to sign up click here Democratic presidential candidate, former Vice President Joe Biden delivers remarks on the Trump administration’s recent actions in Iraq at Current, Chelsea Piers in New York City. Ron Adar | Barcroft Media | Getty Images Joe Biden’s campaign chairman privately met......
Reuters - Business

Boeing’s worst year in decades

Reuters
(Reuters) – Boeing’s new Chief Executive Officer David Calhoun started work on Monday, inheriting a company that is reeling from the effects of two fatal crashes which led to the grounding of the 737 MAX last March. FILE PHOTO: A Boeing 737 MAX aircraft is parked at a Boeing production......
Reuters - Business

U.S. Champagne drinkers should expect costs to pop with new tariffs

Reuters
WASHINGTON (Reuters) – Lovers of Champagne and other French sparkling wines should brace for big cost increases if the United States makes good on a threat to impose 100% tariffs on French goods in a dispute over the country’s planned digital services tax. FILE PHOTO: Bottles of red wine are......
Reuters - Business

Peugeot family aims to quickly raise PSA-Fiat Chrysler stake: newspaper interview

Reuters
PARIS (Reuters) – The Peugeot family, which will own a 6.2% stake in the new carmaker resulting from PSA (PEUP.PA) and Fiat Chrysler’s (FCHA.MI) merger, aims to increase its holding as soon as possible, a representative said in a newspaper interview. FILE PHOTO: The logos of car manufacturers Fiat and......

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