News That Matters

Tag: France

Diplomacy, business, break-dancing: Macron visits Algeria
Business

Diplomacy, business, break-dancing: Macron visits Algeria

ORAN, Algeria (AP) — The leaders of France and Algeria took an important step Saturday toward mending relations scarred by disputes over migration and the legacy of colonial crimes, agreeing to cooperate on energy, security and reassessing their joint history.French President Emmanuel Macron wrapped up a three-day visit to Algeria with a raft of accords that France hopes will smooth ties with Africa’s largest country, a major gas and oil supplier to Europe and an influential regional military player.Algerian President Abdelmadjid Tebboune hailed “a very successful visit” and credited Macron’s personal efforts toward rapprochement. The two were chummy at their final meeting Saturday, smiling, embracing and holding hands. Tebboune specifically praised their meetings on security, without e...
European Shares Dip as U.S. Inflation Data Looms; Ahold Jumps
News

European Shares Dip as U.S. Inflation Data Looms; Ahold Jumps

(Reuters) -European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check.The pan-European STOXX 600 index dipped 0.1%, tracking a second straight session of losses after a strong start to the week.A higher-than-expected U.S. Consumer Price Index report for July could spook markets after a surprisingly robust hiring report last week. Markets are expecting a high chance of a 75 basis point interest rate hike by the Federal Reserve next month as the U.S. central bank remains focused on taming decades-high inflation."Markets seem to be going into today's all-important U.S. CPI a little on the apprehensive side," Deutsche Bank strategist Jim Reid wrote."It's ce...
Indian, French navies conduct exercise in Atlantic
Fitness

Indian, French navies conduct exercise in Atlantic

The Indian Navy's guided-missile frigate INS Tarkash, while on her long-range overseas deployment, conducted a Maritime Partnership Exercise (MPX) with French naval ships in the North Atlantic Ocean on July 29 and 30. INS Tarkash and French Fleet Tanker FNS Somme carried out a replenishment at sea, followed by cooperative air operations with the maritime surveillance aircraft Falcon 50, taking part in several mock missile engagements and air defence drills.The successful conduct of these surface and aerial exercises symbolise the high degree of professionalism and interoperability that exists between the two navies. India and France are maritime nations with dynamic maritime economy sectors like marine technology and scientific research, fisheries, port and shipping, to name a few. Pos...
On Paris trip, Saudi crown prince stays in the “world’s most expensive home” — a chateau built by Jamal Khashoggi’s cousin
Business

On Paris trip, Saudi crown prince stays in the “world’s most expensive home” — a chateau built by Jamal Khashoggi’s cousin

During his trip to France to meet President Emmanuel Macron, Saudi Arabia's Crown Prince Mohammed bin Salman is staying at a lavish chateau dubbed "the world's most expensive home" when he purchased it in 2015.  The Chateau Louis XIV in Louveciennes outside Paris is a new-build mansion intended to mimic the extravagant luxury of the nearby Versailles Palace, once the seat of the French royal family.The 7,000-square-meter property was bought by an undisclosed buyer in 2015 for 275 million euros ($300 million at the time), leading Fortune magazine to call it "the world's most expensive home." French police officers and mounted police stand guard outside the gated entrance of the Chateau Louis XIV belonging to Saudi Crown Prince Mohammed bin Salman, in Louveciennes ...