As in the first three months of the year, the unemployment rate in France fell in the second quarter. But the “lockdown effect” had a lot to do with it. This is good news, but it is news that might be interpreted with caution, according
Global wine sales could fall by 13% in 2020 because of the coronavirus. Will the boom in online sales be enough to avoid the disaster? Demonstrations and crisis in Hong Kong (a key hub for wines in Asia) in 2019, Brexit, US sanctions (Trump taxes)
“You must have the courage to say there won’t be any concerts this year,” urges Pascal Nègre, former president of Universal Music France. “We have a feeling of loneliness”: the modern music industry is still struggling, while the ban on standing concerts still largely shuts
The Palace of Versailles has lost 45 million euros since the lockdown, according to its boss Catherine Pégard, who believes that the economic model needs to be rethought. Visitor numbers at Versailles are “collapsing” without foreign tourists. Only 10,000 visitors per day are coming at
A European Union decision to revoke preferential trade conditions for 20 per cent of Cambodia’s exports to the bloc came into effect on Wednesday. Partial suspension of trade benefits Under the Everything But Arms (EBA) trade programme for developing countries, Cambodia previously enjoyed unlimited duty-free
Bernard Arnault, the wealthiest of the French people, has seen his fortune shrink by $26 billion since the beginning of the year to $79 billion. The coronavirus pandemic also had its bitter effect on the richer ones. And the primary victim is none other than
In 2016, Peugeot has announced its return to North America, targeting a decade to do so. The French carmaker then developed its roadmap to return to the United States, speeding up its plans in April 2019 hoping to come back to the market in 2023
It was one of the quintessential European travel experiences. With passengers cradled to sleep by the clank of the wheels on the rails, the network of night trains that spanned the continent inspired travelogues, thrillers and films. But the cost required to keep them running,
After the lockdown, the French government postponed the dates of the 2020 summer sales to allow businesses to rebuild their cash flow with full prices. “Encouraging” for some, “not a great year” for many, or even a real “disaster” for others… Merchants draw a mixed
The major French retail chains now have their stocks of masks well filled, so they have reduced their supply costs. This news should bring down the prices of masks. Until now, it was a major budget for households. Lately, on a shopping list, buying masks