The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…
Amazon has 5 logistics centers in France. It now plans on opening a 142,000-square-foot delivery warehouse later this year. The ramping up of investments in its infrastructure and services in the country along with the settling of long-running taxes with French tax authorities, are a pointer to the strategic role France is to play in…
Free of advertisements, Nextdoor is free for use in European markets. Users can use the app to integrate better in their neighborhood. On Thursday, Nextdoor, a social network that links up neighbors rather than friends, said it be launching in France. Members can use Nextdoor’s app and website to ask their neighbors for advice on…
The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit. On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations. This latest raising of its earning guidance…
Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…
French President Emmanuel Macron is on target to meet the euro zone’s public sector deficit target of below 3% of France’s GDP. On Friday, French finance minister Bruno Le Maire stated that he will not introduce any new taxes during the French President Emmanuel Macron’s five-year mandate which runs upto 2022. The sizable housing tax,…
With the world threatened by global warming, France has taken the lead in making wealthy countries aware of this menace and is pushing for increased financing in projects that mitigate the effects of this risk. On Tuesday, French insurer AXA disclosed, it would quadruple its investments in environmentally-friendly projects by 2020 to $10.60 billion (9…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
While confirming AXA sticking to it’s financial targets for 2016-2020, CEO, Thomas Buberl, has unveiled an intrinsic operating model that simplifies and refocuses the firms resources so as to boost shareholder’s value. On Tuesday, French insurer AXA confirmed that it was on on the path to meet its key 2020s financial targets thus extending the…
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