French automaker Renault signed on Monday a long-awaited joint venture deal with Iran worth 660 million euros ($779 million) to build up to 300,000 cars per year. The new deal puts Renault in partnership with Iran’s state Industrial Development and Renovation Organisation (IDRO) and private firm Parto Negin Naseh. Renault will hold a 60-percent stake with IDRO and Parto Negin Naseh 20 percent each. Source The Local
Once a sign of the might of the French Socialists, the party’s grand headquarters in central Paris have been put up for sale following the electoral drubbing suffered by the leftwingers this year. The Local
Passengers were “lucky” to escape without injuries after a bus with several people on board was shot at in Malmö.
The back window of the bus was broken while driving through the Arlöv area on Thursday evening, and police are working on the theory that the shots were fired by a real weapon, not an airgun. A library and a residential home were also hit. The Local
Maine’s largest city will no longer celebrate Columbus Day as a municipal holiday. The Portland City Council voted unanimously Monday to designate the second Monday in October as Indigenous Peoples’ Day. The vote came after nearly an hour of public comment. Source pressherald
