Economy

Economy Latest News

France doubles down on threat to build future fighter jet alone
France doubles down on threat to build future fighter jet alone
by  AFP

France is in a position to develop a next-generation combat aircraft alone should negotiations with Germany and Spain fail, a government official said Wednesday. "Should we indeed not succeed in finding agreement on the programme's reorganisation, France will be able to build a fighter aircraft on its own," said the official, who asked not to be identified.

US Treasury says in talks to support Argentina's central bank
US Treasury says in talks to support Argentina's central bank
by  AFP

US Treasury Secretary Scott Bessent said Wednesday that Washington is in talks with Argentina for a swap line allowing the country access to billions of dollars, as its right-wing leader Javier Milei seeks to calm markets ahead of midterm elections.

French-German duo wins mega offshore wind energy project
French-German duo wins mega offshore wind energy project
by  AFP

French energy multinational TotalEnergies and German energy group RWE have won a contract to built a large offshore wind energy project with a potential to supply the equivalent of one million households with electricity, the French government said Wednesday. By 2030 already, French wind energy is to produce the electricity needs equivalent of two million French households, the ministry said.

French consumer group seeks Perrier sales ban
French consumer group seeks Perrier sales ban
by  AFP

An influential consumer rights association on Wednesday urged a court to ban the sale of Perrier bottled water in France, saying the brand's claim that its product is "natural" was misleading. The Swiss conglomerate had been already been under pressure over Perrier and its other brands as EU regulations strictly limit what treatments are allowed for any product marketed as natural mineral water.

Amazon to shut checkout-free UK grocery shops
Amazon to shut checkout-free UK grocery shops
by  AFP

Amazon plans to shut all its grocery stores in Britain, after the shops without checkout registers failed to compete with online delivery demand. It is set to completely shut 14 Amazon Fresh stores, and convert the remaining five into Whole Foods Market shops, the organic grocery chain it bought in 2017.