Your Daily Scan of the New Global Economy

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France
Saudi Aramco raises record $25.6 billion in IPO as OPEC members hash out a deal Saudi oil giant Aramco raises $25.6 billion in the world’s biggest ever IPO, beating a record set by Alibaba in 2014. Meanwhile, OPEC members meet in Vienna to discuss cutting oil production by a further 500,000 barrels a day – more than...
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Keeping calm, carrying on: As elections loom, what's at stake for the UK economy? Britons are preparing for their third election in four years, in an effort to break the Brexit impasse in parliament. While the pending exit from the EU has cast a shadow over the campaign trail, alarm bells are sounding about the state...
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How France's retirement system stacks up against pension schemes across Europe Amid a nationwide strike over French pension reforms, we look at France’s retirement system and how it compares with that of other European countries. We also find out more about the working conditions and retirement ages of French railway staff. Meanwhile, Huawei sues the United States...
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Emissions reach records high with rich nations hit hardest by heatwaves, drought At the Cop25 climate conference in Madrid, it has been revealed that carbon emissions will reach a record high this year – while scientists find that rich nations are among those hardest hit by climate-related disasters. Posted: December 4, 2019 2:20 pm by...
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Google founders step down from executive roles Larry Page and Sergey Brin are stepping down as CEO and president of Google’s parent company Alphabet – we tell you more. Also, the US-China trade war could last through the 2020 US election, and Tesla’s Elon Musk testifies in a defamation lawsuit against him. Posted: December 4,...
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US threatens new tariffs on $2.4 billion in French goods The US is preparing new tariffs on French goods in retaliation for France’s new digital services tax, which Washington says unfairly targets American companies. We take a closer look. Meanwhile, Brazil and Argentina are also facing new US tariffs on their metal exports amid currency devaluations....
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EU fails to squash WTO ruling on Airbus subsidies A World Trade Organization panel found Monday that the EU had failed to remove illegal subsidies given to Airbus, which are at the centre of bitter, 15 year old dispute between Washington and Brussels. Posted: December 2, 2019 4:31 pm by RFI
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Baie des Lumières: Chinese culture & lantern festival ART & CULTURE From 29 November 2019 to February 23, 2020, Parc Phoenix will be lighting up the French Riviera with a special Chinese lantern festival. Baie des Lumières, or ‘Nice, Bay of Lights,’ is a massive production of 550  hand-built lanterns depicting Chinese folklore and ancient tradition. Designed as...
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French luxury giant LVMH gobbles up Tiffany’s for €14.7 billion LVMH announced Monday that it is buying the US jeweller Tiffany’s in a deal that gives it the world’s largest share in the luxury global jewellery market. Posted: November 25, 2019 1:08 pm by RFI
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