Economy



China rare earth exports to Japan hit nine month low

China’s exports of rare earth magnets and materials to Japan dropped sharply in March, reaching their lowest level in nine months and underscoring growing strain in a critical global supply chain. The decline follows export restrictions imposed by Beijing earlier this year amid escalating diplomatic......

Alstom shares plunge over 30% amid delivery delays

The French rail giant Alstom saw its shares tumble sharply on the Paris stock exchange, dropping by more than 30% shortly after trading opened on Friday. The dramatic decline followed the company’s announcement of revised financial targets, largely driven by ongoing delivery delays affecting its......

French competition watchdog fines retailers €12.7 million over organic products cartel

France’s competition authority has imposed fines totaling €12.7 million on the trade association Synadis Bio and subsidiaries of major retailers Carrefour and Intermarché over an illegal agreement involving the sale of organic products. The regulator found that the parties engaged......

France’s real estate wealth tax reaches 2.3 billion euros in 2025

The real estate wealth tax in France, known as the Impôt sur la fortune immobilière (IFI), generated 2.3 billion euros in 2025, marking an 8% increase compared with the previous year, according to data released by the French public finance directorate. The rise in revenue is mainly explained......

Half of French citizens believe debt reduction may require pension cuts

A growing number of people in France believe that reducing the country’s public debt could come at the cost of pension benefits, according to recent survey findings that highlight shifting public attitudes toward economic reform. The study suggests that roughly half of respondents think it will......

Automation ends toll booth staffing on Ile de Re Bridge

A major shift in infrastructure management is underway in France as toll operations on the Île de Ré Bridge become fully automated, marking the end of on-site toll booth staff. Starting Monday, no agents will remain in the toll cabins of the bridge, one of the last locations in the country......

TotalEnergies announces shutdown of Saudi Satorp refinery after strikes

French energy company TotalEnergies has confirmed the temporary shutdown of the Satorp refinery in Saudi Arabia following recent attacks that damaged part of the facility. The decision was taken as a precautionary safety measure after incidents occurred during the night of April 7 to 8. According to......

Michel-Édouard Leclerc warns fuel prices unlikely to return to pre-war levels in the middle east conflict

French retail executive Michel-Édouard Leclerc has warned that fuel prices are unlikely to return to pre-conflict levels following instability linked to tensions in the Middle East. Speaking about recent fluctuations in oil markets, he noted that prices at the pump are expected to decline slightly......

France repatriates all gold from United States, secures $15 billion gain

The Bank of France has completed the withdrawal of its remaining gold reserves from the New York Federal Reserve, ending nearly a century of partial overseas storage. Conducted in 26 transactions from July 2025 to January 2026, the operation covered 129 tonnes—about 5 percent of France's total......

Mazda halts Middle East vehicle production until May as Hormuz closure hits Japanese automakers

Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already......

Europe accelerates offshore wind as U.S. pays companies to abandon projects

A series of energy policy decisions on both sides of the Atlantic has exposed a widening divide between the United States and Europe over how to achieve energy security, with Europe pushing aggressively to expand renewable capacity while the Trump administration moves to dismantle it. On March 26, the......

European Q1 earnings set to rise 4% as energy sector surges

Corporate earnings for companies in the STOXX 600 index are forecast to grow 4 percent in the first quarter of 2026, marking a rebound after a decline in the final quarter of last year, according to LSEG I/B/E/S data cited by Reuters on Thursday. The turnaround is driven primarily by a surge in the energy......

ECB warns euro zone banks near reserve limits as liquidity shrinks

The European Central Bank has warned that banks across the euro area must prepare for tighter liquidity conditions as excess reserves decline rapidly. In a blog post published on April 2, the ECB said nearly half of the banking system will soon operate close to minimum reserve comfort levels. Central......

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