foreigninvestment
French President Emmanuel Macron is open to the possibility of major French banks being bought by European rivals, according to comments he gave to Bloomberg TV earlier this week. Speaking on the sidelines of the "Choose France" summit at Versailles Palace, the President reiterated his long-time support for financial integration across EU states, notably supported by the capital markets union (CMU). "Dealing as Europeans means you need consolidation as Europeans," said Macron. Asked if he would be ready to accept the hypothetical sale of France's Société Générale bank to Spain's Santander, he ...
Euronews (English)
Foreign investments worth €15 billion have been promised to France as part of a pro-business event held in Versailles on Monday. 'Choose France', an annual summit created by President Emmanuel Macron in 2018, was attended this year by 180 international CEOs and senior business executives. Last year, the event raised €13 billion through the creation or extension of 28 projects. This year's funding record of €15 billion comes from 56 different initiatives. Microsoft has pledged €4 billion of investment, Amazon €1.2 billion, Pfizer €500 million, and AstraZeneca €365 million. "It's a record-breaki...
Euronews (English)
Overseas funding was used to finance 1,194 projects in France last year, according to a new attractiveness survey published by Ernst & Young (EY). This represents an annual decline of 5%, but still allows France to outflank its European peers. Investment projects dropped 4% across Europe last year, with the UK and Germany noting declines of 6% and 12% respectively. The UK was home to 985 projects financed by foreign direct investment (FDI) in 2023, whilst Germany recorded a total of 733. The big three - France, Germany, and the UK - attracted more than 51% of FDI on the continent. Why is Franc...
Euronews (English)
The CMU is an initiative designed to create a single market for capital across the EU. It aims to get investment and savings flowing across member states for the benefit of citizens, businesses and investors. "The very existence of the CMU is like a power grid," said Rebecca Christie, Senior fellow at Bruegel, when she spoke to Euronews last month. "The EU needs better financing," she explained. "It needs smaller companies to be able to scale up and access funds, which have to come from somewhere." On Thursday, at an EU summit in Brussels, discussions about streamlined investment - the aim of ...
Euronews (English)
Stretched out along Dublin’s river Liffey is an expanse of glass office buildings. Sometimes referred to as the ‘Silicon Docklands’, the nickname points to the neighbourhood’s status as a corporate magnet. Major firms - famously Big Tech - have long flocked to Ireland, enticed by the country’s low level of corporation tax. Since 1997, the official rate has been held at 12.5%, although this changed in January with the arrival of a long-awaited reform. Along with around 140 other nations, Ireland introduced a 15% minimum tax rate on the profits of multinationals, a policy spearheaded by the Orga...
Euronews (English)
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