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The CEO of Carrefour SA on Tuesday said his three year turnaround plan is "profoundly changing" the French retailer, which reported a net profit of euro82 million ($104 million) in the first half.
French elegance it isn't, but this summer French boules are cool.
French bank Societe Generale SA said Wednesday that net profit in the second quarter more than tripled after higher earnings at its French retail banking business offset a decline in investment banking business.
EADS NV, the parent company of plane-maker Airbus, raised its outlook for 2010 — despite a 61 percent drop in second quarter earnings — as a rash of new aircraft orders boosted hopes that a painful two-year downturn is over.
Carmaker PSA Peugeot Citroen SA on Wednesday reported a return to profit in the first half of 2010, beating market expectations and boosting its outlook thanks to strong demand in China and a raft of new models.
Air France-KLM said Tuesday that it returned to profit in the three months up to June thanks to a euro1.03 billion ($1.34 billion) gain from the listing of travel reservations company Amadeus, in which it has a stake.
French luxury goods group LVMH SA said Tuesday that profit in the first half increased by 53 percent after a "robust rebound" in demand for expensive watches and jewelry and fine Champagne.
Scientists behind the European particle collider aimed at uncovering the secrets of the universe pushed Monday to build an even bigger machine — with money and partners from around the world.
Immigration to rich countries dropped during the global economic crisis, reversing five years of annual increases as the demand for labor fell, the Organization for Economic Cooperation and Development said Monday.
Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the crisis, the OECD said Wednesday.
Strong demand for new cars in China helped French auto maker PSA Peugeot Citroen SA report Wednesday a record number of unit sales in the first half of the year.
Was it a nefarious Canadian plot that left French President Nicolas Sarkozy standing silently at a microphone in the dark?
The CEO of EADS' defense and security division said Wednesday that the European company will keep financing its drone project until cash-strapped governments are able to commit.
The massive trading loss that rocked Societe Generale in 2008 is in the past, the French bank's chief executive said Tuesday, as he unveiled a five-year plan to restore investor confidence in the company.
Vivendi SA said Tuesday that net profit rose 21 percent in the first quarter thanks to strong earnings at its Santa Monica, California-based Activision Blizzard unit and the integration of newly acquired Brazilian telecom operator GVT.
Shares in Alcatel-Lucent SA plunged on Wednesday after the telecommunications equipment maker reported a bigger than expected euro515 million ($665 million) net loss for the first quarter.
Renault SA CEO Carlos Ghosn said Friday that he expects the French carmaker to return to profit in 2011 at the latest.
Sanofi-Aventis reported Thursday an 8.6 percent increase in first quarter net profit thanks to its swine flu vaccine and strong sales of diabetes treatment Lantus.
More than 1,000 tractors descended on the French capital Tuesday as farmers protested falling grain incomes and demanded government help — even appealing to the not-very-rural French first lady to intervene.
The European Union is hoping the financial overhaul moving through Congress will converge with EU calls for more regulation to fix the failures that led to the 2008 banking and credit crisis.
The pace of France's economic growth slowed at the start of 2010 as a government vehicle scrappage scheme was phased out, according to preliminary figures released by the national statistics agency, Insee.
British Treasury chief Alistair Darling on Tuesday hit back at European Union calls for more aggressive deficit cuts, saying such moves would risk tipping Britain back into recession.
The latest show at Paris' Quai Branly museum comes with a warning for visitors: "This exhibition of Moche ceramics shows sexual acts of an explicit nature."
Rich countries must strengthen financial market regulation and bring down their oversized government deficits, two of the biggest new challenges to have arisen from the global economic crisis, the OECD said Wednesday.
Airbus parent company EADS NV reported Tuesday that spiraling costs on its military transport plane and its A380 superjumbo pushed it into the red and warned that both programs will be loss-making for years.
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