france

What U.S. Energy Policy Needs: Less Coal, More Uranium

With cleaner air and energy self-sufficiency high on America's list of priorities, our irrational dislike of nuclear power looks increasingly imprudent. China, France and the U.K. have raced ahead safely on nuclear power: It's well past time for the U.S. to start catching up.

U.S. National Debt Is Huge, but It's Not a Catastrophe

True, the U.S. national debt is large and it should be reduced at some point, but does a large national debt doom a nation to economic ruin? Only if you believe that nations like Germany, France, and Japan are economic basket cases too.

France's AAA Credit Rating Could Be at Risk

France could lose its top AAA credit rating as Europe%u2019s debt crisis spreads, Bloomberg News reported. "If problems in the euro zone aren%u2019t solved quickly, then the conditions of refinancing will be expensive for these countries and the ratings agencies will do more downgrades," Ralf Ahrens, who helps manage about $20 billion as head of fixed income at Frankfurt Trust, told Bloomberg News. "We already see these dynamics in the market. I see France as a risk."

Eurozone Growth Slows as Austerity Takes Its Toll

Economic growth in the eurozone slowed sharply in the third quarter as austerity measures aimed at cutting budget deficits dented the Continent's recovery. Meanwhile, a growing divergence in the economic performance of EU nations is likely to make it tough for the European Central Bank to set its monetary policy.

French Lawyer Battles to Stop Renault Naming Car 'Zoe'

A French lawyer is fighting to stop carmaker Renault (RNSDF) naming its new electric car "Zoe", saying that first names should be sacred. Attorney David Koubbi is representing the parents of two young girls called Zoe Renault, The Associated Press reported. Koubbi argues that corporations should not use first names to market products.

Investigators Probe Cause of Qantas Engine Failure

Airbus SAS and Rolls-Royce Group launched an investigation into why an engine on a Qantas Airways (QUBSF) A380 exploded while the plane was in the air, forcing an emergency landing in Singapore. Investigators from aviation authorities in France, Australia and the UK will all join the investigation, Bloomberg News reported.

Ex-Societe Generale Exec Kerviel Sentenced in Trading Scandal

A French judge sentenced former trader Jerome Kerviel to three years in prison and ordered him to repay a 4.9 billion euro ($6.8 billion) in damages to Societe Generale SA (SCGLY), saying that Kerviel's actions had threatened the bank's existence.

Google's Street View Banned in Czech Republic

Google's controversial Street View service, which has raised privacy concerns in countries around the world, got the heave-ho from the Czech Republic Tuesday after failing to file for the proper registration to operate in that country.

Real Signs of Confidence in Europe's Economy

Although Wall Street anxiously awaited the results of bank stress tests in Europe, the real news is elsewhere: the improving economic conditions across Europe. Can the U.S. learn a lesson from Germany and France?

Absolut Vodka Maker Pernod's Stock Falls After Disappointing Earnings

Pernod-Ricard (PDRDY), the maker of Absolut vodka and Chivas Regal whiskey, slumped in Paris trading after a disappointing earnings report. The maker of the luxury drinks fell as much as 3.8% this morning. Late yesterday, the company's earnings report said that revenue for the quarter rose "close to 3%", Bloomberg News reported. That was well below the average of 4.2% forecast by analysts surveyed by Bloomberg News.

French Police Detain Four People Close to L'Oreal Heiress

French police detained four people close to L%u2019Oreal heiress Liliane Bettencourt in a scandal that has embarrassed the French government. Bettencourt%u2019s wealth manager, tax lawyer, property manager and a close friend were all detained in an investigation into alleged tax evasion and money laundering, Reuters reported. Bettencourt is France%u2019s richest woman.

Peugeot May Build Factory in India to Tap Growing Demand

PSA Peugeot Citroen (PEUGY), France%u2019s biggest carmaker, may build a factory in India to tap growing demand for cars in the country, Bloomberg News reported. The company may spend around 700 million euros ($881 million) on the factory in the southern state of Andhra Pradesh, Bloomberg News said without naming its sources. The factory would have the capacity to produce 100,000 cars a year.

Europe's Flight to Quality Is Leaving France Behind

On Monday, the difference between the yield on 10-year French bonds and Germany's 10-year bonds widened to 49 basis points, the biggest spread since April 2009. Investors are signaling continued unease with the EU's rescue plan.

Google's Privacy Woes Expand to Australia

Google's legal woes over privacy issues in Europe have expanded to Australia after residents in that country recently complained about photographs being taken for Google Maps.

French Prostitutes Protest Pro-Brothel Proposal

A member of France's National Assembly has proposed a plan to legalize brothels, saying it would improve sex workers' lives by offering them safe, regulated places where they could work. But the prostitutes are protesting, saying the new law would force them under the thumbs of pimps.

Greece Bows to E.U. Pressure

Bowing to pressure from the E.U., Greece has announced new austerity measures. The country is gambling that the new cuts will encourage nations in the eurozone to back loans to Greece from their state-owned backs.

Greece Gets Support from E.U., However Vague

The European Union will give debt-plagued Greece a helping hand, maybe. EU President Herman Van Rompuy said that "euro area members will take determined and coordinated action if needed to safeguard stability in the euro zone as a whole." But details of the plan are still up in the air.