France plans cuts to its generous unemployment system: France's prime minister, Gabriel Attal, announced plans to change the country's famously generous ...
thelocal.fr/20240328/france-plans-cuts-to-its-generous-unemployment-system
French inflation falls faster than forecast: Prices in eurozone’s second-largest economy rose 2.3% in March, the lowest level since July 2021
ft.com/content/6a296a30-e5bc-47a6-be40-4b048ead5bda
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French budget deficit widens but government vows no tax hike: France's budget deficit widened more than forecast in 2023, official figures showed on Tuesday ...
thelocal.fr/20240326/french-budget-deficit-widens-but-government-vows-no-tax-hike
900.care secures $22.7 million for its refillable products: The French startup wants to make refillable products the norm in the beauty and hygiene industry.
businessinsider.com/900-care-secures-22-7-million-for-its-refillable-products-2024-3
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ECB cannot commit to rate path even after first cut, Lagarde says: The European Central Bank cannot commit to a pre-set number of interest rate cuts even after ...
reut.rs/3ILey2g
Quick Glance: ECB: Lagarde Emphasizes Data-Dependent Rate Policy
- The European Central Bank (ECB) cannot pre-determine the number of interest rate cuts that will follow even after initiating rate reductions, as this will rely on incoming data, stated ECB President Christine Lagarde on Wednesday.
- Several ECB policymakers are in favor of an initial reduction in interest rates from their current record highs, potentially in June. The current focus of discussion lies in determining the subsequent steps.
- Lagarde aimed to temper speculations by highlighting the necessity of data-driven decisions. She stressed that even after the first rate cut, a fixed rate path cannot be predetermined. Adapting to new information from meeting to meeting is crucial.
- Lagarde outlined the prerequisites for commencing rate cuts: deceleration in wage growth, ongoing decline in inflation, and internal forecasts confirming the return of price growth to the 2% target.
French startup Mistral AI vows to maintain open source coding: The French company presented a third generation of its language model 'Mistral Large' in late ...
lemonde.fr/en/france/article/2024/03/12/french-startup-mistral-ai-vows-to-maintain-open-source_6611144_7.html
ECB's Villeroy: spring interest rate cut remains probable: The European Central Bank will probably start cutting rates during the spring, between April and June ...
reuters.com/markets/europe/ecbs-villeroy-spring-interest-rate-cut-remains-probable-2024-03-13/
The organising committee of the Paris Olympics says it is shocked by "racist" attacks by far-right French groups against singer #AyaNakamura ... Show more
Africa Live this week: 11-17 March 2024 - BBC News: Updates from across the African continent.
bbc.co.uk/news/live/world-africa-68531430
Quick Glance: Current Events in Kenya and Haiti - BBC News
- A pro-Iranian Shia group in Nigeria has organized demonstrations advocating for an immediate ceasefire in the Gaza Strip.
- Water scarcity and power outages in Johannesburg are attributed to the heatwave and low reservoir levels.
- Chad's government has declared plans to provide free water and electricity to households until the end of the year.
- Rwanda's President Paul Kagame has agreed to meet with his counterpart Felix Tshisekedi from the Democratic Republic of Congo to address the crisis in eastern Congo.
UK needs to reach 2.5% of GDP for defence spending 'now - as soon as possible', security minister warns
news.sky.com/story/uk-needs-to-reach-2-5-of-gdp-for-defence-spending-now-as-soon-as-possible-security-minister-warns-13092505
France, worried about Olympics strikes, will pay government workers more: French authorities have framed this summer’s Olympic and Paralympic Games as a chance ...
washingtonpost.com/world/2024/03/10/olympics-paralympics-france-strikes-bonus/
ECB makes borrowers fidget: key interest rates remain at their highest: The central bank will probably only lower interest rates in the euro area from June ...
derstandard.at/story/3000000210597/ezb-laesst-kreditnehmer-zappeln-leitzinsen-bleiben-auf-hoechststand
Quick Glance: ECB Keeps Rates Stable: Inflation at 2% by 2025
- The European Central Bank (ECB) kept its benchmark interest rates steady in March, anticipating a further decline in inflation. Price pressures are expected to reach the target of 2% by 2025.
- The latest ECB staff projections suggest that inflation is projected to average 2.3% in 2024, followed by 2.0% in 2025 and 1.9% in 2026. Despite easing measures of core inflation, persistent domestic price pressures remain, partly due to strong wage growth.
- The ECB reiterated its data-dependent approach, intending to evaluate economic data to determine the appropriate path of its policies. Market reactions to the new ECB staff projections saw a weakening of the euro against the dollar and a decrease in sovereign bond yields across the eurozone.
- European equity indices surged, driven by heightened expectations of rate cuts following the updated ECB staff projections. Investors are eagerly anticipating statements from ECB President Lagarde, scheduled to commence at 14:45 CET.
Nuclear safety in spotlight as French start-ups bring mini reactors to market: France wants to take the lead in rolling out safer, cleaner nuclear energy as an ...
rfi.fr/en/france/20240307-nuclear-safety-in-spotlight-as-french-start-ups-bring-mini-reactors-to-market
Comment: Monetary policy is overrated: Central banks did not trigger inflation, nor are they responsible for its decline.
handelsblatt.com/meinung/kommentare/kommentar-geldpolitik-wird-ueberschaetzt/100020605.html
Mbappe double fires PSG past Real Sociedad to Champions League quarters: SAN SEBASTIAN, Spain: Kylian Mbappe lethally fired Paris Saint-Germain into the ...
arabnews.com/node/2471866/football
Meet the French startup hoping to take on OpenAI: Mistral unveils its latest large language model—and a deal with Microsoft
economist.com/business/2024/02/26/meet-the-french-startup-hoping-to-take-on-openai
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Eurozone inflation drops to lowest in 2 years, spurring talk of ECB rate cut: The eurozone’s core inflation rate dropped to its lowest level in nearly two years ...
euractiv.com/section/economy-jobs/news/eurozone-inflation-drops-to-lowest-in-2-years-spurring-talks-on-ecb-rate-cut/
Microsoft deal with French startup Mistral AI comes under EU scrutiny: The European Commission said it would analyze Microsoft's €15 million investment in ...
lemonde.fr/en/france/article/2024/02/27/microsoft-s-new-deal-with-french-startup-mistral-ai-comes-under-scrutiny-from-the-eu_6564350_7.html
Quick Glance: Singapore Invests Heavily in AI to Safeguard Workforce
- Singapore has launched extensive programs to strengthen its workforce for the future of artificial intelligence (AI) and allocate up to $500 million for advanced computer chips to secure the infrastructure needed for AI innovations.
- At least $27 million will be invested in building expertise in AI by offering 100 AI scholarships for Singaporean students and attracting global experts to collaborate with Singapore.
- Singapore plans to invest $1 billion in AI over the next five years to expand AI talent here, including awarding five AI visiting professorships to drive research and provide training opportunities for local students.
Top ECB official: Don’t expect serious rate-cut debate before June: Fear of losing credibility is influencing policymakers to err on the side of caution.
politico.eu/article/ecbs-holzmann-dont-expect-serious-rate-cut-debate-before-june/
EU balks at Microsoft’s deal with French AI startup: Mistral’s AI pact with U.S. tech giant Microsoft comes after bitter lobbying over how Europe can push into ...
politico.eu/article/policymakers-tech-react-to-splashy-microsft-mistral-ai-french-startup-deal/
Microsoft strikes deal with Mistral in push beyond OpenAI : Tech giant unveils partnership with French AI start-up as regulators probe $13bn alliance with ...
ft.com/content/cd6eb51a-3276-450f-87fd-97e8410db9eb
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Quick Glance: Le Chat: Mistral's Microsoft-Backed Chatbot
- Mistral introduces Le Chat, an AI chatbot to rival ChatGPT.
- Le Chat offers free and paid options based on token usage.
- Microsoft partners with Mistral to boost AI development.
- Mistral becomes the second company to offer language models on Microsoft's Azure platform.
Inflation rate: Lagarde: Price surge in the eurozone will continue to decline: The effects of past shocks that drove up inflation are fading, says ECB President ...
handelsblatt.com/finanzen/geldpolitik/teuerungsrate-lagarde-preisschub-im-euro-raum-wird-weiter-abnehmen/100018566.html
Real incomes squeezed as wage growth fails to keep up with rising prices: Average weekly earnings across the whole economy for private and public employers rose ...
irishexaminer.com/business/economy/arid-41341217.html
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