France

Sarkozy and Medvedev call for new European security structure

Nicolas SarkozyParis- French President Nicolas Sarkozy and his Russian counterpart, Dmitri Medvedev, on Wednesday called for a new pan-European security structure.

At an international conference in the south-eastern French resort of Evian, Sarkozy called for a total reconstruction of the European security structure.

Paris Bourse in freefall after global market losses

Paris  - The Paris Bourse was in freefall early Wednesday after Wall Street and Asian markets nosedived on recession fears.

Prosecutor demands trial for Villepin for slandering Sarkozy

Paris - The public prosecutor's office of Paris on Tuesday demanded that former French prime minister Dominique de Villepin stand trial for slander, the internet site of the daily Le Figaro reported.

Villepin, who was the diplomatic pointman of France's opposition to the 2003 US invasion of Iraq, is suspected of involvement in a complex scheme allegedly hatched to discredit French President Nicolas Sarkozy.

The so-called Clearstream Affair dates back to 2004, when Sarkozy's name appeared on a list of 800 people and companies allegedly holding accounts at the Luxembourg-based financial clearing house Clearstream.

One day after historic loss, Paris Bourse tries to rebound

One day after historic loss, Paris Bourse tries to rebound Paris - One day after suffering the largest single-day loss in its 21-year-history, the Paris Bourse's benchmark CAC 40 was trying to rebound in early trading on Tuesday.

One hour after opening, the CAC 40 was up 1.64 per cent, to 3,773, with advancing issues outpacing losers by 3 to 1.

French-Belgian financial services group Dexia again led the declining issues, down more than 5 per cent, at 6.46 euros (8.75 dollars).

Belgium's former premier Dehaene to head board of struggling Dexia

Brussels - Belgium's former Prime Minister Jean-Luc DehaeneBelgium's former Prime Minister Jean-Luc Dehaene is to head the board of the struggling Franco-Belgian financial service group Dexia, Belgium's Prime Minister Yves Leterme announced Tuesday after an overnight crisis meeting in Brussels.

French banker and BNP Paribas executive Pierre Mariani is to serve as as chief executive. Mariani is currently a senior executive vice president at France's largest bank, BNP Paribas, France's largest bank.

Space oddity may be planet or a failed star

Space oddity may be planet or a failed starParis, Oct 7 : The COROT space telescope has discovered a massive planet-sized object orbiting its parent star closely, unlike anything ever spotted before, leaving scientists puzzled as to whether this oddity is actually a planet or a failed star.

The object, named COROT-exo-3b, is about the size of Jupiter, but packs more than 20 times the mass. It takes only 4 days and 6 hours to orbit its parent star, which is slightly larger than the Sun.

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