Economy



France's services sector remains in contraction as June PMI misses expectations

France's services sector remained in contraction in June, with business activity declining more than initially estimated as weak demand, persistent inflationary pressures and subdued confidence continued to weigh on the country's economy. According to the latest S&P Global survey, the France......

France freezes unemployment benefit increase as Unédic vote ends in deadlock

Unemployment benefits in France will not be increased on July 1, after a vote within the country’s unemployment insurance body, Unédic, ended in a deadlock, according to an announcement made on Tuesday. The decision follows a board meeting in which votes in favor of a revaluation of benefits......

France extends summer sales period as heatwave disrupts retail activity

France has decided to prolong its nationwide summer sales campaign by an additional week after exceptionally high temperatures discouraged consumers from visiting physical stores, providing retailers with extra time to recover lost business. The extension will keep the annual discount period running......

Fuel prices in France fall below €1.90 per litre as diesel and petrol ease after geopolitical tensions

Fuel prices in France have fallen below €1.90 per litre for both diesel and unleaded petrol, marking their lowest levels since the early stages of recent geopolitical tensions in the Middle East. The decline reflects a broader easing in global oil markets following reduced supply pressures and improved......

Ryad Mezzour Highlights Morocco's Industrial Strengths to a MEDEF Delegation

Morocco continues its strategy to attract international investors. In Rabat, the Minister of Industry and Trade, Ryad Mezzour, welcomed a delegation from the Movement of French Enterprises (MEDEF) to explore new opportunities for economic cooperation and investment between the two countries. Led by Bruno......

Bordeaux wine crisis: 4,400 hectares of vineyards seek a new future

The Bordeaux wine region is facing a major transformation as thousands of hectares of former vineyards are being offered for conversion following a prolonged crisis affecting the sector. Around 4,400 hectares of land previously used for grape production are now looking for new opportunities as part of......

Heatwaves are slowing growth, warns Bank of France governor

Heatwaves are increasingly becoming a drag on economic performance, according to the governor of the Bank of France, Emmanuel Moulin, who warned that rising temperatures linked to climate change are having a measurable impact on growth and financial stability. Speaking on French radio, Moulin noted......

Banks allowed again to charge inheritance fees on accounts of deceased minors after constitutional ruling

Banks in France will once again be allowed to charge inheritance-related fees on the accounts of deceased minors after the Constitutional Council struck down part of a 2025 law that had sought to ban such charges in specific cases. In its ruling published in the official journal, the Constitutional......

Fishermen gather in Cherbourg to discuss fleet renewal and resource management challenges

Fishing industry representatives from across France have gathered in Cherbourg for their annual conference, where key issues such as fleet renewal, marine resource management, and the future of coastal fishing are being debated amid growing economic and environmental pressures. The two-day event brings......

L’Oréal to acquire majority stake in India’s Innovist to expand global presence

French cosmetics giant L’Oréal has announced that it will acquire a majority stake in India-based company Innovist, in a strategic move aimed at strengthening its position in one of the world’s fastest-growing beauty and personal care markets. The agreement also includes an option......

France economy expected to grow 0.7% amid Middle East conflict, Insee says

France’s economy is expected to grow by 0.7% this year despite ongoing geopolitical tensions in the Middle East, according to a new economic forecast released by the national statistics institute Insee. The institution notes that the conflict has triggered a sharp rise in oil and energy prices,......

Unemployment insurance agency urges French government to halt further withdrawals from jobless fund

France’s unemployment insurance agency has called on the government to refrain from making any additional withdrawals from the country’s unemployment insurance fund, warning that such measures could undermine efforts to reduce debt and maintain financial stability. The appeal comes as updated......

Fuel assistance for heavy drivers to begin payments on Wednesday, government says

The French government has announced that payments for its “heavy drivers” fuel assistance scheme will begin on Wednesday, following delays caused by a high volume of applications. The measure aims to support households heavily dependent on car travel amid rising fuel prices linked to global......

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