On Wednesday, Societe Generale SA announced that during the fourth quarter of this year, it saw the net profit quadrupling as compared to the previous year mainly driven by its continued recovery from the economic downturn and that has been possible because of the retail banking side. Even its corporate investment side has seen a rebound and the bad loans are going down.
The French bank is the second biggest lender after BNP Paribas SA. SocGen has also confirmed that it has managed to achieve the target set by it and saw its net income at around EUR6 billion in 2012.
The factory output has once again seen a drop for the first time since April last year in France. While the drop is only of 0.1 per cent, it has forced the Office for National Statistics to revise the growth statistics to 0.4 per cent.
It happened because the manufacturing sector form 12 per cent of total GDP of UK and since 2010 has been showing an increased contribution to country's economic growth has increased. This was seen as a sign of recovery, the idea which has got a jolt because of the drop.
540 Chartres St, French Quarter is the new place where replica of the Camellia Grill would be constructed.
Executive chef Michael Ruoss sadi that it would be exactly like the original restaurant with low counters and open kitchen ,same menu, same interior including Mickey Mouse clock on the wall and also some of the same staff.
Landmark Camellia Grill is owned by Hicham Khodr, who had saved this restaurant from post-Katrina is now looking forward to make this diner a twin on December 3.
From last two years, fleet of French chefs, politicians including the French President Nicolas Sarkozy were working hard to place French cuisine into the UNESCO's world heritage list and at last on Tuesday, French cuisine captures its position in the UNESCO's list.
French cuisine represents a festive meal which brings people together to enjoy an occasion to enjoy the art of good drinking and eating.
UNESCO includes different cuisines and represents cultural diversities so now is the time for France to enjoy its victory, said by Catherine Colonna, the French Ambassador to UNESCO.
It has emerged that in Iran, the AL-Qaeda operatives tried to blow up a US-bound airplane by deploying two dogs. According to a report in Le Figaro, the respected French daily newspaper, the plan failed due to the death of the two dogs, as the bombs were badly stitched.
For bidding on French retailer's Carrefour's (CARR. PA) Southeast Asian assets, Singapore's Dairy Farm (DAIR. SI) and Britain's Tesco (TSCO. L) are in competition with other companies in second round. For second-round biddings in the auction, Carrefour has set the deadline of November 5, 2010. Carrefour is presently the World no. 2 retailer and they expect to fetch $ 1 billion in this transaction.
Carrefour, the supermarket operator would like to focus on the markets where they have leading position so they are selling the retail shops in Thailand, Malaysia and Singapore.
French Defense Minister Herve Morin expressed on Friday that the 7 main partners in the Airbus A400M military airlifter have done an agreement on an modify contract amongst the customer governments and Airbus.
The bothered A400M program is proceeding 4 years late and much more than EUR5 billion by the first EUR20 billion budget.
The governments have been squabbling for almost 2 years as how to divide the additional costs, and have decided to raise the cost of each plane by EUR11 million, Morin expressed that.
The chief of the French market stock-market regulator, Jean-Pierre Jouyet, expressed on Friday the rules leading mergers and attainment in France aren't severe enough and his office thinks to examine LVMH Moet Hennessy Louis Vuitton's increasing up of a 17.1% stake in Hermes International.
Very frequent France stays the far west as it comes to firms attaining additional companies or giving ownership thresholds as expressed out by the head of the Autorité des marchés financiers, or AMF.
He further expressed that France requires supporting its rules with the toughness.
Captain Matthew Webb relayed on pork and meat pies to put him through much more civilized, and British, kind of sustenance than the nutrient gels preferential by current brand of aquatic masochist.
Whichever way, swimming across the English Channel is no worry. High waves, fog, jellyfish and the incapacitating effects of extended -term fascination in cold water creates it as much of a test as ever. And currently there is one more obstacle and that's the French.
Bernard Kouchner France's Foreign Minister came in Beirut on Friday for a 2 day visit, carrying a letter of back up to Lebanon and President Michel Sleiman.
Kouchner and an escorted delegation, whose stopover correspond with continuing tension regarding the UN-backed examination into earlier Prime Minister Rafik Hariri's killing, get together with Sleiman at Baabda Palace,
French media on Friday stated out highly of Chinese President Hu Jintao's coming visit to the European nations, stating out that that it shall increase bilateral relations and assistance.
Lot of local media captured the heartily welcome Hu got on his arrival, along with the Le Figaro newspaper stating that Paris is very over whelmed to get the Chinese president on the initial leg of his European tour which opens a fresh chapter for the relations amongst the 2 nations.
In a recent debate on BBC One's Question Time, the Liberal Democrat has made some interesting remarks over the defence treaties. The British and French governments have signed some new defence treaties earlier this week. British Prime Minister David Cameron and the President of France Mr. Nicolas Sarkozy have signed a ''Declaration on Defence and Security Co-operation'' on Tuesday.
It has been informed that the anti-nuclear protesters have blocked a train which was carrying nuclear waste. The incident took place in northwestern France on Friday. The protesters have chained themselves to the railroad tracks.
As per the local police, the protesters have blocked the railway track completely on which the train was travelling. City police Capt. Maurice Bonnefond has also issued a statement on this issue.
Greek police had been able to destroy a parcel bomb sent to French Embassy in Athens. On 4th of November, Thursday a parcel bomb was detected which was addressed to the French Embassy in the country.
The country police was been able to defuse the bomb in a controlled collision. The issue of concern is that since Monday above dozen parcel bombs have been defused by the police.
All the parcels were addressed to the international organisations and embassies in the country. In such situation the postal authorities have decided to stop the international airmail service.