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France

Isère: Gendarmes targeted by two Molotov cocktails during an intervention in Villefontaine

A gendarmerie crew was the target of two Molotov cocktails this Monday evening in Villefontaine (Isère). For Patrick Nicole-Williams, the mayor of Villefontaine, the gendarmes have fallen into an ambush. The soldiers were called to intervene in the Muissiat district around 11 p.m. Source Actu17

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July 28, 2020 by The Board

Air France planning to cut 7,500 jobs by 2022 amid industry slump

Air France aims to present a plan to trade unions to cut just over 7,500 jobs over the next two years, sources familiar with the matter said on Tuesday, as the French carrier grapples with the coronavirus crisis. Source France24

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July 2, 2020 by The Board

General Electric planning to cut around 1,000 jobs in France

General Electric (GE) has announced a plan to cut around 1,000 jobs in France, said a trade union source, in a move that could set the U.S. company at odds with the French government which has consistently urged GE not to cut French jobs. Source: Euronews

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May 28, 2019 by Board

Air France loss widens on fuel costs, competition

Air France-KLM blamed higher fuel costs and price competition as it posted a deeper first-quarter loss on Friday, sending the airline group’s shares lower. Source: Reuters

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May 3, 2019 by Board

Societe Generale first-quarter profit dives 26% amid choppy market conditions

Shares of SocGen, France’s third-largest bank, have tumbled more than 37% over a 12-month period, as challenging market conditions continued to hobble Europe’s banks. Source: CNBC

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May 3, 2019 by Board

In rare move, French warship passes through Taiwan Strait

A French warship passed through the strategic Taiwan Strait this month, U.S. officials told Reuters, a rare voyage by a vessel of a European country that is likely to be welcomed by Washington but increase tensions with Beijing. Source: Reuters

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April 25, 2019 by Board

Macron meets Xi Jinping to strengthen EU-China relationship

Emmanuel Macron has launched a charm offensive towards his Chinese counterpart, Xi Jinping, talking of multilateralism and cooperation while tiptoeing around subjects such as human rights. Source: The Guardian

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March 26, 2019 by Board

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GEOPOLITICAL

BLM activist egged on Capitol rioters: Left-winger who told CNN he was there simply to document the siege is arrested after video shows he smashed window, wore gas mask, told rioters he had knife and shouted ‘we got to get this s**t burned’

BLM activist egged on Capitol rioters: Left-winger who told CNN he was there simply to document the siege is arrested after video shows he smashed window, wore gas mask, told rioters he had knife and shouted ‘we got to get this s**t burned’ Source Daily Mail

January 15, 2021 by The Board

National Rifle Association files for bankruptcy, seeking to escape New York lawsuit

The National Rifle Association on Friday filed for bankruptcy, a sudden development that could help the gun rights group escape a lawsuit by New York’s attorney general seeking its dissolution. Source Reuters

January 15, 2021 by The Board

Trump’s China tech war backfires on automakers as chips run short

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said. Source Reuters

January 15, 2021 by The Board

The Norwegian Medicines Agency announced: 23 deaths associated with covid-19 vaccination

Covid-19 vaccination associated with adverse drug reactions in elderly people who are frail 23 deaths associated with covid-19 vaccination of which 13 have been assessed. Common adverse reactions may have contributed to a severe course in elderly people who are frail. Source legemiddelverket

January 15, 2021 by The Board

Honduras: First migrant caravans of 2021 depart for US

Several hundred people have begun a journey of housands of kilometers through Central America to the US. The migrants are hoping for a more humane approach to migration under President-elect Joe Biden. Source Deutsche Welle

January 15, 2021 by The Board

U.S. stands by Taiwan, envoy says after cancelled trip

Craft had planned to visit Taipei this week, in the teeth of strong objections from China which views the island as its own territory. But the trip was cancelled by the State Department as part of a bar on all travel ahead of the transition to the incoming Biden administration. Source Reuters

January 14, 2021 by The Board

Italy’s government in crisis after former PM pulls support for ruling coalition

  • Italy’s former Prime Minister Matteo Renzi said two ministers from his Italia Viva party would resign, effectively triggering the government’s collapse.
  • Earlier in the day, Prime Minister Giuseppe Conte said he hoped Renzi would not pull his ministers from the Cabinet, warning the country would not be able to understand why the government had collapsed amid the ongoing health crisis.
  • The southern European nation is no stranger to political conflicts, tensions and scandals.  Source CNBC
January 14, 2021 by The Board

Île-de-France: Several hundred weapons and 2 tons of ammunition seized, 12 arrests

The investigators of the brigade of repression of banditry (BRB) of the DRPJ Paris arrested, this Tuesday, January 12, in the early morning, twelve people suspected of engaging in a vast traffic of arms throughout France. Source Actu17

January 14, 2021 by The Board

Rioters in Brussels set fire to police station

A protest action in Brussels turned into riots on Wednesday evening. Demonstrators threw stones at officers and set fire to a police station, among other things. The demonstration was in response to the sudden death of a detainee. Source NU.NL

January 14, 2021 by The Board

Migrants: Salvini tells judge he ‘defended border’ in 2019 Open Arms case

The former Italian interior minister Matteo Salvini on Saturday appeared before a Palermo judge in connection with a 2019 incident during which he blocked migrants at sea. He faces charges of abduction and of failing to carry out an act as public official. Source InfoImmigrants

January 12, 2021 by The Board

‘Countrywide blackout’ plunges Pakistan into darkness

A breakdown in Pakistan’s national power grid plunged the country into darkness on Saturday night, according to officials, leaving tens of millions of people without electricity in all main cities including the capital, Islamabad.

The electricity distribution system in the nation of more than 210 million people is a complex and delicate web, and a problem in one section of the grid can lead to cascading breakdowns countrywide. Source Pakistan

January 12, 2021 by The Board

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FINANCIAL

Gazprom Neft invites crypto miners to use company’s energy resources

Russian oil drilling giant Gazprom Neft opened a crypto mining farm running on associated gas energy unlocking the power of Russia’s oil and gas resources for the needs of bitcoin (BTC) mining, reports Yahoo Finance. The venue for cryptocurrency mining is on one of the company’s oil drilling sites in the Khanty-Mansi Autonomous Okrug in Siberia. It is using the associated gas from Gazprom Neft’s oil field as an energy source and has its own power plant to transform this gas into electricity. Source Realnoevremya

January 14, 2021 by The Board

U.S. trade deficit rises to more than 14-year high

The United States’ trade deficit surged to its highest level in more than 14 years in November as businesses boosted imports to replenish inventories, offsetting a rise in exports. Source Reuters

January 11, 2021 by The Board

U.S. sees fewest bankruptcies since 1986

U.S. bankruptcy filings hit their lowest level since 1986 last year thanks to unprecedented fiscal and monetary support from the Fed and Congress.

By the numbers: Total bankruptcy filings for the year fell to 529,068 filings across all chapters, while total filings in the month of December was 34,304, the lowest monthly total since January 2006, according to a release from legal services company Epiq AACER. The number of total 2020 filings was about 1/3 of the number seen in 2010. Source Axios

January 6, 2021 by The Board

Exclusive: Italy could take on $17 billion of UniCredit bad loans to ease MPS sale – sources

Italy is working on a plan to take on about 14 billion euros ($17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the country’s second-biggest bank, sources told Reuters. 

January 6, 2021 by The Board

Volkswagen liquidates Turkey unit after decision to build Slovakia plant

Volkswagen Group has liquidated its unit in Turkey after cancelling plans to establish its first factory in the country, Turkish television channel BloombergHT reported on Tuesday.

The decision to shutter the firm was registered with the Turkish Trade Registry and a call to creditors was issued on Monday, BloombergHT said. Source Ahval

January 5, 2021 by The Board

Ex-chairman of China’s Huarong Asset Management sentenced to death

The former head of one of China’s biggest asset management companies has been sentenced to death for corruption, in a relatively rare instance of the country meting out the death penalty for financial crimes. Source FT

January 5, 2021 by The Board

Russia to double natgas volume to China in 2021

Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic metres per day, as of Jan. 3, to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said. Source Business Recorder

January 4, 2021 by The Board

France: Public debt hits 116.4 pct of GDP

Dec. 22, France’s national statistic agency INSEE reported that, the country’s public debt hit 2,674.3 billion euros (around USD3,255.93 billion) before the end of the July-September period of the present year, making up for 116.4 percent of gross domestic product (GDP). Source MenaFN

December 29, 2020 by The Board

Exclusive-France taps public bodies to bolster cash pile amid pandemic, Brexit

14 December France has ordered a dozen public and private bodies to keep their deposits at the Treasury, government documents show, as it quietly builds up safeguards to reinforce its cash flow during the pandemic and ahead of Brexit. Source Reuters

December 29, 2020 by The Board

Nord Stream 2 gas pipeline says has completed section in German waters

“We have completed this work,” the consortium said in an emailed statement, referring to the pipe-laying in the German economic zone.

The consortium building the pipeline, led by Russian gas giant Gazprom with Western partners, has still to lay more than 100-km of pipeline, although more than 90% of the project has been completed. Source Reuters

December 28, 2020 by The Board

Greenpro Capital : Announces Bitcoin Fund

GRNQ announced today that it believes in the ongoing mass adoption of $BTC by banks, hedge funds, insurance companies and institutions and endorses its belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a reliable future store of value. We believe the strategic management of our balance sheet, combined with the implementation of our $BTC Fund and crypto strategy will produce significant future value for the Company. Source Market Screener

December 28, 2020 by The Board

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Europe's geopolitical situation resembles that of 1913.

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