French finance minister confirms ‘end of recession’

French Finance Minister Pierre Moscovici (pictured) welcomed “the end of the recession in the French economy” on Wednesday, with a stronger-than-expected 0.5 percent quarter-on-quarter growth in April through June, its best result in two years. France’s economy has jumped out of recession, posting stronger-than-expected 0.5 percent quarter-on-quarter growth in April through June, its best result […]

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Britain, France and Germany back multinational tax clampdown

The British, French and German governments are launching a joint initiative aimed at cracking down on tax avoidance by multinational companies. The plan, details of which will be announced by the three countries’ finance ministers at a G20 meeting in Moscow on Saturday, is a response to a report published this week by the Organisation […]

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France avoids recession; GDP up 0.2 pct in Q3

France narrowly avoided falling into recession in the third quarter, official figures showed Thursday, but analysts warn the rebound may be short-lived. The French economy, Europe’s second-largest, hasn’t recorded growth since the third quarter of last year and had been widely expected to start its slide into recession in the third quarter. Instead, Insee, the […]

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