France

UNESCO’S list includes French Cuisine

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.

Explosives found stitched inside the dogs bound for the US

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.

Chinese president signs several deals in Paris

During his visit to Paris, the Chinese President Hu Jintao signed many business deals with the companies operating in France.

War in Dairy Farm and Tesco on bidding for assets

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.

On modified Airbus A400M Contract European Nations agree

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.

LVMH Stake in Hermès inquired by France

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.

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