Trump Offers France ‘Some Nice ISIS Fighters’ In Face-Off With Macron

President Donald Trump engaged in a public sparring match with French President Emmanuel Macron on Tuesday, offering to release detained members of the self-declared Islamic State into France. Trump, who is meeting with world leaders in London this week at a NATO summit, said that the U.S. has “a tremendous amount of captured ISIS fighters over in Syria, and they’re […]

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Breakingviews – Franco-U.S. cheese war will hit prudent tax reform

LONDON (Reuters Breakingviews) – Roquefort producers are just one casualty in the brewing Franco-American cheese war of 2020. The conflagration’s abiding and potentially more economically damaging effect will be to impede a set of global reforms to the way countries tax large technology businesses.  U.S. President Donald Trump’s trade body said late on Monday that it may apply 100% duties […]

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France GDP Expands More Than Expected

France’s economy expanded more than expected in the third quarter on household spending and investment, while its major counterpart Germany is forecast to enter a mild recession. Gross domestic product climbed 0.3 percent sequentially, the same pace of growth as seen in the second quarter, the first estimate from the statistical office Insee showed Wednesday. Economists had forecast GDP to […]

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Eurozone Manufacturing Activity Contracts Most Since 2012

The euro area manufacturing sector contracted at the fastest pace in nearly seven years as output, new orders and purchasing fell sharply in September, final data from IHS Markit showed Tuesday. The final manufacturing Purchasing Managers’ Index dropped to 45.7 in September from 47.0 in August. But the reading was above the flash estimate of 45.6. The reading has remained […]

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U.S. tech industry leaders: French digital service tax harms global tax reform

WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. Alphabet Inc’s (GOOGL.O) Google, Facebook Inc (FB.O) and Amazon.com Inc (AMZN.O) and major trade associations testified Monday against the tax at a hearing before the U.S. Trade Representative’s office […]

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France creates G7 cryptocurrency task force as Facebook's Libra unsettles governments

PARIS (Reuters) – France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday. Governor Francois Villeroy de Galhau said the task force would be led by Benoit Coeure, a European Central Bank board member. Facebook […]

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