Sony to sell PC business

Sony to sell PC businessTokyo, Feb 7 - Japanese electronics giant Sony Corporation said Thursday it would cut 5,000 jobs as part of a plan to sell its money-losing personal computer unit and split off the television business.

Some 1,500 workers in Japan and about 3,500 employees in other countries will be affected by the job cuts, the Tokyo-based company said.

UK motor manufacturing to surpass France

UK motor manufacturingAccording to the latest figures released, the UK motor manufacturing is growing at a strong pace and is expected to surpass its rival France after around four decades.

Carmakers in the UK are increasing production to meet growing demand both within the UK and around the world. UK's car production is expected to surpass the troubled car manufacturing industry in neighbouring France, which will allow the UK to become the third largest producer of cars in Europe behind Germany and Spain.

Airbus Group takes off into 2014 with joint brand

EADS-GroupParis, Jan 2 : Taking off into the New Year, the EADS group has been rebranded as Airbus Group, uniting all its activities under a single and strong brand, it was announced Thursday.

With two of its three divisions renamed, the group will be home to Airbus, focussing on commercial aircraft activities; Airbus Defence and Space, integrating the group's defence and space activities from Cassidian, Astrium, and Airbus Military; and Airbus Helicopters, comprising all commercial and military helicopter activities.

French firms will have to pay 75% tax on large salaries

French firms will have to pay 75% tax on large salariesFrench authorities have approved a new law that would require French firms to pay 75 per cent tax on annual salaries exceeding 1 million euros or about $1.47 million.

UK expected to grow faster than France and Germany

British economyAccording to a new study that backs euro-sceptics in the UK, the British economy is expected to surpass that of France and Germany to become the largest economy in Europe by the year 2030.

Djokovic beats Spain's Ferrer in Paris Masters final

Djokovic beats Spain's Ferrer in Paris Masters finalParis, Nov 4 - Serbia's Novak Djokovic defeated defending champion David Ferrer of Spain 7-5, 7-5 Sunday in the Paris Masters final.

The victory allowed Djokovic, who won the title in Paris in 2009, to keep alive his hopes of edging Spanish star Rafael Nadal for the No. 1 spot in the rankings, with the two players gearing up to end the competition at the season-ending tournament in London.

Ferrer played tough in both sets, but he was unable to pull off the win.

Japan Airlines sign $9.5 bn deal with Airbus

Japan Airlines sign $9.5 bn deal with AirbusParis, Oct 8 : Japan Airlines (JAL) has signed a contract to buy 31 Airbus A350 XWB aircraft worth $9.5 billion, the European aircraft manufacturer Airbus announced Monday.

JAL's first-ever order of Airbus aircraft include 18 A350-900s and 13 A350-1000, plus options for a further 25 aircraft, reported Xinhua citing the firm in a statement.

"We welcome Japan Airlines as a new Airbus customer and feel honored by this first-ever order from Japan for our all-new A350," said Fabrice Bregier, president and CEO of Airbus.

France's GDP to grow 0.2 percent in 2013: INSEE

French-economyParis, Oct 4 : The French economy is set to grow by 0.2 percent this year on an expected rebound in manufacturing output, according to the figures released by the statistics bureau.

The National Institute of Statistics and Economic Studies (INSEE) forecast in its quarterly economic outlook on Thursday that the country's growth will stagnate over the third quarter due to an expected slowdown "in the energy and transport equipment sector ... most notably due to the after effects of the previous quarter," Xinhua reported.

Stacy Keibler moves on from George Clooney

Stacy KeibleParis, Oct 2 : Actor George Clooney's ex girlfriend Stacy Keibler has reportedly moved on from her past relationship as she was seen enjoying a cozy dinner with businessman Jared Pobre.

The two were seen together in Paris recently.

"Stacy and Jared are dating. They met through friends, but they are not anything more than dating," UsMagazine. com quoted a source as saying.

Keibler, 33, was previously dating actor George Clooney but they parted ways on amicable terms earlier this year.(IANS)

France reaffirms support for democratic transition in Egypt

Laurent-FabiusParis, Sep 9 : French Foreign Minister Laurent Fabius Monday reiterated Paris' support for dialogue between all Egyptian factions in a bid to establish a democratic state in the most populous Arab country.

"Laurent Fabius said that France had taken note of the Egyptian government's commitment to implement the roadmap of the political transition, which sets a goal of building a democratic state that guarantees freedom and justice for all Egyptians," said Philippe Lalliot, the ministry spokesman.

Less cars sold in France

Car-SaleParis, Sep 3 : Sales of new cars in France declined by 10.9 percent last month after it had inched up by 0.9 percent in July, the French car sales federation said.

New car sales stood at 85,565 units sold while the French brands fell by 9.1 percent over the period with a sharp fall in sales of PSA Peugeot Citroen, France's largest auto maker, according to an official statement from the federation Monday.

At the end of August, PSA sold 23,539 vehicles, down by 17.3 percent compared to the same month a year ago when the sales of Renault rose by 1.7 percent after providing 21,880 new cars, reports Xinhua.

Cowell, Lauren's public display of affection

Cowell, Lauren's public display of affectionParis, Aug 26 : Music mogul Simon Cowell expressed his fondness for partner Lauren Silverman for the first time in public. They were spotted holding hands and walking.

The couple was seen taking a stroll as they enjoy a vacation in south of France, reports radaronline. com.

Silverman, whose growing baby bump was visible in a semi-transparent top, was seen smiling radiantly as she walked hand in hand with Cowell.

Silverman, who has 7-year-old son with ex-husband Andrew, has expressed her desire to marry Cowell in future.(IANS)

Kamal Nath seeks French investment in urban sector

Kamal-NathParis, June 27 : Urban Development Minister Kamal Nath Thursday urged French companies to seriously explore the "exciting opportunities" India's booming urban development sector presents.

Addressing a gathering of the French employers association here, Kamal Nath said the Indian growth rate of over 5 percent was still very attractive in today's context.

Most economies were struggling to reach even a 2 percent growth rate and some others, like France, were in recession.

PSG confirms Blanc as new coach

Laurent-BlancParis, June 26 : Paris Saint-Germain (PSG) have confirmed France national coach Laurent Blanc to manage the team for two seasons.

Replacing Italian Carlo Ancelotti, Les Blues former coach will "lead the PSG technical staff on July 1 when the training will resume," the club said Tuesday, reports Xinhua.

No details were given on the agreement's value.

Blanc, 47, started his coach career in Bordeaux in 2007. During his three-year spell as Bordeaux manager, he was named Ligue 1 Manager of the Year in the 2007-2008 season and led the team to claim French league and cup title in the following season.

PSG sign Blanc for two years

Laurent-BlancParis, June 22 : French football league winners Paris Saint-Germain (PSG) have named Laurent Blanc as the new coach to replace Italian Carlo Ancelotti.

Citing sources close to the club, French daily Le Parisien said PSG and former coach of the French national team "have sealed their union" via a two-year agreement, reports Xinhua.

On its website, the daily added the accord will be signed early next week during which the new coach will be scheduled to hold his first press meeting at the Parc des Princes to outline his roadmap to boost the club's performance.

Renault unveils 2014 V6 Formula 1 engine

Renault-Formula-1-engineParis, June 21 : Engine manufacturers Renault unveiled its 2014 turbocharged Formula 1 engine here Friday.

The firm has named it Energy F1 as it is Renault's first design for the sport's new turbocharged, energy-recovery technology era.

"From 2014 we will bring engines to the fore and redress the balance in F1. An engine is the heart of a car. From next year it returns to the heart of our sport," four-time World Champion turned Renault ambassador Alain Prost was quoted as saying by autosport. com.

Chandhok's team qualifies 7th at Le Mans

Karun-ChandhokLe Mans (France), June 21 : Indian racing driver Karun Chandhok and his team Murphy Prototypes qualified seventh at the La Sarthe circuit in the LMP2 category in the Le Mans 24 hours.

Murphy Prototypes set a time of 3:41.569 Thursday and will start in 15th place overall, and seventh in their category. The trio of Brendon Hartley, Mark Patterson and Chandhok will drive the iconic race in the LMP2 Nissan V8-powered Oreca 03.

The second qualifying session was wet, which resulted in Murphy Prototypes not venturing out at all.

Plane makers gather in Paris for Air Show

Plane makers gather in Paris for Air ShowPlane makers with their large and small offerings are gathering in the French Capital, Paris for the famed Paris Air Show, which is set to begin on Monday.

Experts have said that this year the Air Show would see tough competition for the wide-body jets. The event is likely to see traditional rivals; Airbus and Boeing compete against each other for orders as both focus on deployment of next-generation long-range jets. The much-anticipated Airbus A350 flew for the first time on Friday increasing competition between the European plane maker and Boeing.

France withdraws objections to EU-US FTA talks

France withdraws objections to EU-US FTA talksThe government in France has withdrawn its objections to holdings talks for an ambitious free-trade agreement between the US and the EU.

France came on board after the European ministers decided to exclude cultural industries from upcoming negotiations. The European ministers reached a compromise after more than 12 hours of talks in Luxembourg allowing France to protecting their film and music sectors from US media giants. However, the ministers would be able to discuss the issue at a later stage with the consent of the all the members.

France's jobless rate jumps up

joblessParis, June 6 : France's unemployment rate rose by 0.3 percentage points to 10.4 percent in the first quarter of this year compared to the last three months of 2012, the national statistical agency Insee said Thursday.

According to the national statistical authority, the eurozone's second largest economy hit 14-year high joblessness rate during the January-March period. With the overseas departments taken into account, the quarterly jobless rate rose to 10.8 percent, reported Xinhua.

In the face of growing army of jobseekers and wane growth, the government is working to stimulate job creation through state subsidies.

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