24 episodes

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

Business daily France 24

    • News

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

    • video
    French economy to shrink by 11% in 2020, government warns

    French economy to shrink by 11% in 2020, government warns

    The French Finance Minister Bruno Le Maire has warned that the economy will shrink by 11 percent this year. The new forecast shows a deeper slump in 2020 than the government had previously been expecting. Meanwhile, France's Labour Minister Muriel Pénicaud has said she expects unemployment to jump in the coming months, as some businesses will not recover from the lockdown. Also today, we look at the new pandemic safety guidelines for air travel from the International Civil Aviation Organisation.

    • 4 min
    • video
    Easyjet to cut 30% of workforce as travel slump continues

    Easyjet to cut 30% of workforce as travel slump continues

    The low-cost airline Easyjet is to cut around 4,000 jobs - 30 percent of its total workforce - in response to the plunge in air travel during the Covid-19 pandemic. The company grounded its fleet in March, and plans to begin flying again from June 15, but with significantly fewer passengers. Also today, US President Donald Trump is preparing to sign an executive order targeting social media companies, after Twitter flagged one of his tweets as in need of fact-checking.

    • 3 min
    • video
    Special trade status in jeopardy as US says Hong Kong 'is not autonomous' from China

    Special trade status in jeopardy as US says Hong Kong 'is not autonomous' from China

    The United States has declared that Hong Kong is no longer autonomous from China – a decision that could have major political and financial ramifications. Hong Kong has seen sometimes violent protests over the past year, and there have been fresh rallies against a proposed national security law being pushed by Beijing. Since 1997, the US has treated Hong Kong as a separate entity from mainland China. Billions of dollars' worth of trade could be interrupted if it loses its special trade status. Plus, Boeing confirms thousands more job cuts as the Covid-19 pandemic adds to its financial woes.

    • 3 min
    • video
    Rolls-Royce to cut 9,000 jobs as air travel collapses

    Rolls-Royce to cut 9,000 jobs as air travel collapses

    The aircraft engine builder Rolls-Royce is to cut 9,000 jobs, or around a fifth of its global workforce, because of the impact of the Covid-19 pandemic. The company, like its French rival Safran, has suffered from the plunge in air travel due to lockdown measures in many parts of the world. Also today, Mali becomes the first African country to secure a moratorium on its debt payments for 2020, after an agreement with the 'Paris Club' of creditors.

    • 4 min
    • video
    EU new car sales collapse 76% in April

    EU new car sales collapse 76% in April

    New car registrations in the European Union fell by 76 percent in April, the largest fall on record, as lockdown measures hit production and sales. Figures from the European Automobile Manufacturers Association show the slump was particularly pronounced in Spain and Italy, where registrations fell by over 97 percent. Also today, the UK saw a jump in unemployment claims in April, despite 7.5 million workers being covered by the British government's pandemic income support scheme.

    • 3 min
    • video
    WTO director-general to end term early

    WTO director-general to end term early

    The head of the World Trade Organization will step down, a year before his term is due to expire. The Geneva-based body confirmed Roberto Azevedo would resign at the end of August. He told ambassadors during a video conference that the move would allow them to choose a successor to confront what he described as a "new post-Covid reality". The WTO has struggled to remain relevant under Azevedo's tenure, with international trade tensions and protectionism on the rise.

    • 4 min

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