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The Latest Breaking News from Roland Lescure

France seeks €4bn savings to cover cost of Middle East war

French Prime Minsiter Sebastien Lecornu has asked the government to find €4 billion in additional savings to cover the costs of the war in the Middle East, which Finance Minister Roland Lescure estimates will cost France between €4 and €6 billion.

Radio France Internationale

France rolls out 'flash fuel loans' to shield small firms from oil price spike

France is preparing to roll out a rapid financial lifeline for small businesses grappling with soaring fuel costs, as the economic fallout from the war in the Middle East continues to ripple across key sectors.

Radio France Internationale

G7's top diplomats head to French countryside to discuss Iran crisis

Foreign ministers from the G7 group are meeting near Paris from Thursday, with European nations and allies seeking to narrow differences with the United States on the war in the Middle East.

Radio France Internationale

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France backs emergency release of oil reserves as supply fears grow

France, which holds the G7 presidency, said Wednesday that major economies were ready to act to stabilise oil markets as the US-Israeli war with Iran enters its second week and disrupts supply.

Radio France Internationale

Dollar Trades Mildly Lower as Oil Prices Plunge

The dollar index (DXY00 ) today is mildly lower by -0.14%. The dollar is trading lower on today's sharp decline in oil prices, which is dovish for Fed policy. However, the dollar has underlying support from today's +2.3 bp rise in the 10-year T-note yield. Today's existing home sales report...

Barchart

Stocks Pressured By Higher Bond Yields and Persian Gulf Strikes

The S&P 500 Index ($SPX ) (SPY ) is down -0.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.13%. March E-mini S&P futures (ESH26 ) are down -0.16%, and March E-mini Nasdaq futures (NQH26...

Barchart

EU ministers eye oil reserves to contain energy prices and inflation as Iran war rages

Ministers are exploring measures to curb energy prices and inflation at a series of meetings in Brussels, with the release of oil reserves being discussed. Germany stated that it supports keeping the option on the table, but emphasised that now is not the right time to use it.

Euronews

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France's new energy law slashes targets on renewables in favour of nuclear

After years of wrangling, France has set out a new energy law that slashes its wind and solar power targets and drops a mandate for state-run energy provider EDF to shut down nuclear plants.

Radio France Internationale

France’s Capgemini to sell subsidiary working with ICE during anger at US immigration crackdown

French company Capgemini says it is selling its subsidiary that provides technology services to U.S. Immigration and Customs Enforcement

The Independent UK

French MPs demand explanation over tech firm’s contract to help ICE in US

Revelation that subsidiary of Capgemini is to help trace and expel migrants in US provokes outrage in France

The Guardian - UK

MEPs urge EU to block ICE from entering Europe for Winter Olympics

Several European lawmakers have urged the EU to impose restrictive measures on ICE, arguing that the agency should not operate in Europe due to concerns over democratic oversight and human rights.

Euronews

France steps up pressure over IT firm Capgemini’s ICE ties

The French government has urged the IT group Capgemini to review its activities following revelations that one of its US subsidiaries had signed a contract with the United States immigration police (ICE), as lawmakers from the far left announced a parliamentary initiative targeting the agency.

Radio France Internationale

French tax on high earners disappoints as wealthy find ways to shield income

Revenue from a tax targeting high earners in France is expected to be far below forecasts this year, as wealthy people find ways to reduce their tax bills. However, a new corporate tax could bring in more than first predicted in 2026, which might help offset the disappointment.

Radio France Internationale

French MPs vote to nationalise ArcelorMittal as ministers warn of ‘illusion’

France’s National Assembly has thrown its weight behind a proposal to nationalise ArcelorMittal – France's biggest steelmaker – in a vote that has energised the left but sparked a pushback from the government, which argues the plan is more political theatre than practical solution.

Radio France Internationale

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Radio France Internationale

France sues AliExpress and Joom over illegal child-like sex dolls

France will take online marketplaces AliExpress and Joom to court for selling child-like sex dolls, Commerce Minister Serge Papin announced on Wednesday. The move comes as Shein faces separate legal action for offering similar products.

Radio France Internationale

French bosses parade choice of investing billions in homegrown firms

French companies announced investments worth €9.2 billion on Monday at the first edition of a government-backed "Choose France" summit dedicated to domestic firms. The government is keen to show the euro zone’s second-biggest economy remains a top business destination despite political turmoil.

The Independent UK

Chinese fashion giant Shein bans all sex dolls after French investigation into ‘child-like’ appearance

Scandal erupts just as Shein opens its first bricks-and-mortar store in Paris

The Guardian - UK

Outrage in Paris as Shein prepares to open its first permanent store

Fast-fashion retailer faces political anger, fury from workers and warnings it will damage city’s progressive image

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Euronews

France may block Shein for childlike sex dolls as it opens Paris store

French authorities warned they may block access to Shein after it emerged that the online fast-fashion giant had been selling sex dolls with a childlike appearance.

Euronews

French bond prices decline after unexpected S&P downgrade

After a surprise downgrade from S&P Global Ratings on Friday, French bond yields jumped and prices declined, reflective of the increased risk felt by investors.

Radio France Internationale

France’s economy minister warns latest credit downgrade a 'wake-up call'

A fresh downgrade to France’s credit rating has sharpened calls for action in Paris, with ministers urging unity to get the 2026 budget over the line.

The Independent UK

Storms in France leave 2 dead, 17 injured and cause parliament to spring a leak

Two people have been killed and 17 injured during torrential storms in France

Euronews

Two dead in French storms that flood streets and cause parliament roof to leak

Violent storms battered France on Wednesday, leaving two dead and causing unexpected chaos inside the National Assembly.

Evening Standard

Child, 12, among two killed as torrential storms sweep France

Falling tree kills 12-year-old child in south-west France and man dies when quad bike hits toppled tree in the north west

The Independent UK

Deadly storms hit France as Paris streets flood and parliament springs a leak

Power was also cut to 110,000 homes

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