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The U.K. and French governments agreed Wednesday to join a global initiative that requires oil and mining companies to comply with new disclosure measures aimed at tackling corruption, U.K. Prime Minister David Cameron said late Wednesday.The Extractive Industries Transparency Initiative has been signed by governments, companies and other stakeholders in the oil, gas and mining sectors. It requires companies in the extractive industries to disclose what they pay to governments and, in turn, requires governments to disclose what they receive from the extractive industries.The disclosure of detailed accounts is designed to empower citizens with information that can be used to hold governments accountable for how they use the revenue they receive from their natural resources."If people can see how much their government receives from selling the resources that rightfully belong to them, they can question how that money is being spent and drive action to stamp out corruption," said Mr. Came...
French President Francois Hollande marked the anniversary of his first year in office by announcing a raft of spending measures Monday aimed at shoring up France's a...
France is not embarking on a wave of privatisations, Finance Minister Pierre Moscovici said on Monday, adding the state was simply looking to re-balance its 62-billi...
France's government dismissed a call to nationalize the Saint-Nazaire shipyard on Saturday but said it was committed to the survival of the facility after a South Ko...
European Union Internal Market Commissioner Michel Barnier, the EU's top financial regulator, called on the French government to pursue its planned reforms despite t...
Colony Capital, the $27 billion U.S. investment fund attracting controversy in France over its involvement in Carrefour and Accor, will invest up to $2 billion in Eu...
The EU's trade chief will recommend placing punitive import duties on billions of euros of solar panels from China, people close to the matter say, putting up a barr...
Online-video website Dailymotion was on track to be the first major acquisition for Yahoo Inc. (YHOO)Chief Executive Marissa Mayer, after her company had signed a pr...
Electricite de France SA (EDF.FR) Tuesday confirmed its full-year financial objectives as it posted a 12.1% increase in first-quarter revenue, mostly due to the last...
Renault-Nissan hopes to receive final approval from Beijing by the summer to build its first Renault plant in China, Chief Executive Carlos Ghosn said on Saturday.Gh...
Europe is seeking a balance between austerity and growth that is thin as a razor and about as easy to traverse.Since the onset of the European debt crisis several ye...
Airbus Thursday said it has clinched a firm order from China for 60 Airbus jets with a value at list price of around $8 billion.The order will include 18 planes whic...
French President Francois Hollande said Thursday he had frank discussions with his Chinese counterparts about trade imbalances, and urged Europe to be more competiti...
Faced with the fallout of austerity and embarrassing tax-evasion scandals, European Union leaders pledged Wednesday to ensure that everybody--from high-income earner...
France's new Public Investment Bank will usually buy minority stakes in French firms but could take a majority holding to prevent a foreign takeover, its managing di...
The leaders of France and the European Union's executive body said the euro zone should remain open to relaxing budget restrictions in tough economic times after pre...
China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognize its support ...
China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognise its support ...
The ECB still has room to cut its already record low interest rates, Bundesbank chief Jens Weidmann said in a newspaper interview on Thursday, and hit out at France'...
French President Francois Hollande marked the anniversary of his first year in office by announcing a raft of spending measures on Monday aimed at shoring up France'...
