Wednesday, 26 June 2019

Tag Archives: france

France mulls increasing annual assistance for Pakistan to €500m

PARIS/ISLAMABAD: The French government is considering to increase the portfolio of financial assistance for Pakistan to € 500 million per annum from the current around € 150 million. The disclosure was made by Dr Marc Baréty, Ambassador of France to Pakistan, in a meeting with the Federal Secretary Ministry of ...

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French group wins $35.5 billion defence deal from Australia

ANKARA: Australia and France signed a strategic partnership agreement for joint construction of Australian navy’s new fleet of submarines, according to The Sydney Morning Herald. The production of the 12 Attack-class submarines by French shipbuilder Naval Group will cost Australia A$50b ($35.5b). The bids were announced in 2016. Construction on ...

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Apple agrees 500-mln-euro tax settlement with France

PARIS: Apple said Tuesday it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to reach a deal with France which has led a European push for higher taxes on tech giants. French news weekly L’Express reported that Apple had ...

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150kg of suspect Polish beef sold to consumers in France: ministry

PARIS: Around 150 kilogrammes of the suspect Polish beef that has sparked a health scare in several EU countries was sold to consumers in France, the French agriculture ministry said. The meat was “sold to the consumer notably through butcher’s shops” which were now attempting to alert customers, a statement said. ...

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EU powers recognise Guaido as Venezuela’s leader

CARACAS: The UK, France, Germany, Spain and other European countries have officially recognised opposition leader Juan Guaidó as interim president of Venezuela. It comes after President Nicolás Maduro defiantly rejected the EU’s Sunday deadline to call snap elections. Russia – a backer of Mr Maduro – accused EU countries of ...

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Armed gang snatches jailed criminal outside French courthouse

TARASCOM: Three heavily armed men attacked a van carrying a jailed criminal on his way to court, firing shots outside the courthouse and striking a guard before making their getaway in the southern French town of Tarascon, officials said. The spectacular escape took place at around 8:30 am as the ...

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French fuel price revolt boosted ethanol use

PARIS: Public anger in France over increasing fuel prices, which gave rise to the anti-government “yellow vest” movement, has further boosted demand for crop-based ethanol fuel from motorists seeking cheaper deals, industry representatives said. Ethanol, which is blended with gasoline as part of renewable energy policy targets, had already benefited ...

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France to give Rs19.5b loan for Peshawar’s BRT project

PESHAWAR: France will provide a loan of Rs19.5 billion to Pakistan for the development of the Peshawar Bus Rapid Transit project. The loan of 130 million euros (equivalent to Rs19.5 billion) will be provided through the French Agency for Development (AFD). The multi-billion rupee project is aimed at providing safe ...

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Google fined $57 million for privacy breach

PARIS: France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday for breaching European Union online privacy rules, the biggest such penalty levied against a US tech giant. The French regulator said the world’s biggest search engine lacked transparency and clarity in the way it informs ...

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France offers $1.15bn loan to Iraq for reconstruction

PARIS: French Foreign Minister Jean-Yves Le Drian said that his government granted one billion euros (1.15 billion U.S. dollars) loan to Iraq to support reconstruction and stability efforts in the areas destroyed by the war against the extremist Islamic State (IS) militants. “France has decided to allocate a loan of ...

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