Vidya Root
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Senior Editor for Bloomberg News (Opinions expressed are my own)
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Articles by Vidya Root
France Hit by Public-Service Staff Protests and Student Unrest
Photographer: Muriel Dovic/AFP/Getty Images (Bloomberg) -- About 206,000 people, including around 30,000 in Paris, joined protests by public service employees across France Tuesday, Agence France-Presse reported, citing the interior ministry.
Hindu Group Apologizes After Eiffel Tower Visit Sparks Strike
Business (India) 3 hours ago She started her business while pregnant at 26, her beauty brand made Rs 3 crore in its first year Moneycontrol - Sheetal Kumari • 3h Shivangi Sharma was three months pregnant when she began seriously exploring the idea of starting a business.
Hindu Group Apologizes as Eiffel Tower Visit Sparks Strike
Photographer: Kenzo Tribouillard/AFP/Getty Images (Bloomberg) -- An influential Hindu group, which opened a new temple in Paris addressed by Indian Prime Minister Narendra Modi, apologized after a controversial visit to the Eiffel Tower prompted a...
French Budget Will Keep Windfall Tax on Large Firms: Les Echos Original
The French government will maintain its windfall tax on the profits of the country’s biggest companies at 2025 levels instead of halving them, Les Echos reported. • Citing a letter Sunday from Prime Minister to France’s largest firms, Les Echos said the action is being guided by the goal of keeping the deficit under 5% of GDP.
法國超市集團CEO稱 歐洲需先封殺Shein和Temu兩年以待立法
【彭博】— 法國超市集團Casino Guichard Perrachon SA的執行長Philippe Palazzi稱，在歐洲的相關法律法規出台之前，應禁止中國零售商Shein和Temu在歐洲銷售商品。 該高管周二在接受BFM商業電視台採訪時表示，這兩家線上零售巨頭銷售的產品不符合歐洲的規範，可能對消費者有危險。他還指出，各種產品，尤其是紡織品和家具大量湧入，可能導致該地區遵守本地法規的小企業倒閉。 「我認為在Shein和Temu滲透市場之前進行立法是件大好事，」他說。「我看到了切實的危險。」 成立於中國、現總部位於新加坡的電商巨頭Shein本月開出首家巴黎門店。這家電商巨頭在法國陷入政治風暴，因為有報導稱其在自己平台上銷售兒童外形性玩偶和武器。法國已就此事找了歐盟委員會。 歐洲已決定在2028年底前針對從中國進口到該地區的商品制定法律規範。Palazzi稱，在此期間，Shein和Temu應該被暫時封殺。 他說：「在歐洲立法期間，先攔他們兩年。我們需要保護我們的零售商。」 原文標題Shein, Temu Ban Needed in Europe Until 2028,...
Shein, Temu Should Be Banned in Europe Until 2028, Casino CEO Says
Philippe Palazzi (Bloomberg) -- Chinese retailers Shein and Temu should be barred from selling in Europe until the region has put in place laws to regulate them, according to Philippe Palazzi, chief executive officer of French supermarket group...
Macron Blames Russia for Death of a French Journalist in Ukraine
France's president Emmanuel Macron (Bloomberg) -- President Emmanuel Macron blamed Russia for the death on Friday of a French photojournalist, Antoni Lallican, in a drone attack while on assignment in Ukraine.
French Premier Warns Against Overtaxing Rich Like LVMH’s Arnault Original
Imposing heavy taxes on the rich won’t extricate France from its budget morass and would only push them to leave the country, according to French Prime Minister . The premier, speaking in the National Assembly ahead of a confidence vote, was countering the call by some left-leaning parties to raise taxes on people like , the billionaire CEO of luxury giant , to close the country’s budget gap.
French PM Warns Against Overtaxing Rich Such As LVMH’s Arnault
France's prime minister Francois Bayrou at the National Assembly ahead of a government confidence vote in Paris on Sept. 8.
France Confidence Vote: PM Bayrou Expected to be Ousted
The yield premium on French bonds over those of Germany surged more than 10 basis points to 82 basis points in the days after Bayrou called the vote, the widest level since January (in the midst of the previous political crisis).
French Unions Call Sept. 18 Strike as Political Turmoil Deepens
Francois Bayrou (Bloomberg) -- France’s unions are planning a strike on Sept. 18 to protest against Prime Minister Francois Bayrou’s budget plan, intensifying the political turmoil unleashed by his call for a confidence vote.
French, Algerian Ties Hit New Low After Macron Hardens Stance
Emmanuel Macron (Bloomberg) -- France’s thorny relations with Algeria plunged to a new low, as President Emmanuel Macron urged “greater firmness” in its approach and canceled visa exemptions for the North African nation’s officials.
French Auditors Call for Credible Government Forecasts: Echos Original
Financial experts at the Cour des comptes, France’s official auditors, are calling on the finance ministry to be more realistic in its forecasts, after they missed targets in the last two years, Les Echos reported. • The ministry is defending its position: Echos.
Global Companies Weigh Added Costs, Options in Tariff Onslaught
In corporate suites around the world, executives are desperately trying to determine how their businesses will be affected and what they need to do in the face of President Donald Trump’s frenzied tariff barrage. As Trump’s trade wars heat up, bringing retaliation and threats of more, some companies are forming “tariff task forces” to count the potential cost of the levies and weigh the impact on sales, profits and market shares.
Caída del Gobierno de Francia: las claves de la moción de censura
Bloomberg — La líder de extrema derecha Marine Le Pen se alió con una coalición de izquierdas para derrocar al gobierno francés, sumiendo al país en un prolongado periodo de turbulencias que probablemente inquiete aún más a los mercados. La mayoría de los legisladores de la Asamblea Nacional respaldaron una moción de censura contra el gobierno de tres meses del primer ministro Michel Barnier, a raíz de una disputa sobre el presupuesto del próximo año.
France's No-Confidence Vote Over Budget Plan: Five Key Takeaways
Here are the key takeaways after France’s government fell in a no-confidence vote over its budget plan. For more, click here for our TOPLive blog.
Key Takeaways From France’s No-Confidence Vote
(Bloomberg) -- Here are the key takeaways after France’s government fell in a no-confidence vote over its budget plan. For more, click here for our TOPLive blog.
Key Takeaways From France’s No-Confidence Vote
13,740 people played the daily Crossword recently. Can you solve it faster than others? 13,740 people played the daily Crossword recently. Can you solve it faster than others?
Schneider Electric destitui o CEO e cita divergências em estratégia com o conselho
Bloomberg — A Schneider Electric destituiu inesperadamente seu CEO, Peter Herweck, após apenas um ano e meio no cargo, citando divergências com o conselho de administração sobre a direção estratégica da gigante francesa de equipamentos e software de gerenciamento de energia. A empresa informou em um comunicado nesta segunda-feira (4) que seu conselho substituiu Herweck pelo veterano do grupo Olivier Blum, com efeito imediato.
Schneider Electric Replaces CEO Amid Management Divergence
(Bloomberg) — Schneider Electric ousted its Chief Executive Officer Peter Herweck, citing divergences on the implementation of the strategic road map at the French maker of energy-management equipment and software. We apologize, but this video has failed to load. tap here to see other videos from our team. Try refreshing your browser, or The company said in a statement Monday that its board replaced Herweck, who had been in the role for 18 months, with group veteran Olivier Blum.
Schneider Electric Replaces CEO After Price-Fixing Case (2)
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Schneider Electric Replaces CEO After Price-Fixing Case (2)
Schneider Electric replaced its Chief Executive Officer Peter Herweck just days after the group was among companies fined by French antitrust regulators over a price-fixing pact. The French electric equipment maker said in a statement that its board decided to appoint company veteran Olivier Blum as CEO, replacing Herweck, who had been in the role for 18 months. Schneider cited divergences on the implementation of the company’s strategic road map for its decision.
Schneider Electric (SU) Names Olivier Blum as CEO, Replacing Herweck Original
Schneider Electric named Olivier Blum as chief executive officer, citing the need to accelerate the execution of the company’s strategy.
Who Is Jean-Luc Melenchon? Far-Left Leader Defiant After French Victory
Vidya Root July 7, 2024 at 11:32 PM·3 min read (Bloomberg) -- It didn’t take Jean-Luc Melenchon long to seize the moment after initial poll indications of the French legislative vote showed the leftist New Popular Front was headed to a shock victory.
Far right leader blames rivals' alliances for French vote result
By Vidya Root, Bloomberg News Jordan Bardella is crying foul about political opponents ganging up against his far-right party. With a left-wing alliance on course to win the most seats in France's legislative election, the president of Marine Le Pen's National Rally blamed expedient coalitions of rivals for keeping his group out of power.
Far right leader blames rivals' alliances for French vote result
French far-right party Rassemblement National parliamentary group leader Marine Le Pen (left) and newly elected French far-right party Rassemblement National's president Jordan Bardella hold hands and gesture during the Rassemblement National's 18th congress in Paris on Nov. 5, 2022. (Alain Jocard/AFP/Getty Images/TNS) TNS Jordan Bardella is crying foul about political opponents ganging up against his far-right party.
¿Quién es Jean-Luc Melenchon? El líder de extrema izquierda, desafiante tras la victoria francesa
Bloomberg — Jean-Luc Melenchon no tardó en aprovechar el momento después de que los primeros sondeos sobre las legislativas francesas mostraran que el izquierdista Nuevo Frente Popular se encaminaba a una sorprendente victoria.
Quem é Jean-Luc Melenchon, líder de esquerda projetado para vencer as eleições na França
Bloomberg — Não foi preciso muito tempo para que Jean-Luc Melenchon assumisse o microfone depois que pesquisas de boca de urna indicaram uma vitória surpreendente de seu partido de esquerda Nova Frente Popular nas eleições legislativas na França neste domingo (7). Antes que os outros líderes de sua aliança pudessem falar, Melenchon foi ao centro do palco em uma reunião de apoiadores, exigindo que o grupo fosse chamado para governar o país.
Who Is Jean-Luc Melenchon? Leftist Leader Defiant After French Victory
(Bloomberg) -- It didn’t take Jean-Luc Melenchon long to seize the moment after initial poll indications of the French legislative vote showed the leftist New Popular Front was headed to a shock victory. Before other leaders of that alliance — which includes his own far-left France Unbowed, the Socialists and the Greens — could get a word in, Melenchon took center stage at a gathering of followers, demanding that it should be called on to govern the country.
Who Is Jean-Luc Melenchon? Far-Left Leader Defiant After French Victory
U.S. Politics 1 hour ago Sunday snapshot: Schiff’s advice to Biden Axios - Avery Lotz • 1h President Biden is fighting off blows from within his party. Some fear the Supreme Court's immunity ruling may embolden former President Trump. Sen.
Far right leader blames rivals’ alliances for French vote result
Jordan Bardella is crying foul about political opponents ganging up against his far-right party. With a left-wing alliance on course to win the most seats in France’s legislative election, the president of Marine Le Pen’s National Rally blamed expedient coalitions of rivals for keeping his group out of power. kAm“'@E:?8 2CC2?86>6?ED @C496DEC2E65 7C@> E96 t=JD66 A2=246 3J 2? :D@=2E65 AC6D:56?E 2?5 2? :?46?5:2CJ =67E H@?’E =625 2?JH96C6[” q2C56==2 D2:5 @?
Le Pen Party Holds on to Lead in French Vote, Harris Poll Shows Original
Vidya Root June 20, 2024 at 11:03 AM·1 min read (Bloomberg) -- The far right National Rally party of Marine Le Pen held on to its lead in the French legislative elections, with President Emmanuel Macron’s group still trailing in third place, according to a poll of voting intentions published on Thursday.
French Republicans’ Ciotti Wing to Field 62 Candidates in Vote
(Bloomberg) -- The Eric Ciotti wing of the French Republican party, which has formed a pact with the far-right National Rally, will field just 62 candidates in the first round of the French legislative elections.
French Republicans’ Ciotti Wing to Field 62 Candidates in Vote
Vidya Root June 17, 2024 at 12:46 PM·1 min read (Bloomberg) -- The Eric Ciotti wing of the French Republican party, which has formed a pact with the far-right National Rally, will field just 62 candidates in the first round of the French legislative elections.
French Government Plans New Measures to Calm Farmer Protests
(Bloomberg) -- The French government plans to take new measures on Tuesday to address farmers’ concerns over rising costs and European regulations as protesters continue to block highways around Paris. Prime Minister Gabriel Attal met again with union leaders late Monday after concessions he made in the previous three days failed to bring an end to the unrest that began around two weeks ago.
French Government Plans New Measures to Calm Farmer Protests
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France to Continue Corporate-Tax Cuts, Minister Says on BFM TV Original
France will continue to cut taxes for companies because it has helped fuel growth and created jobs, Budget Minister Thomas Cazenave said in an interview on BFM Business TV.
Macron pledges to repair riot-damaged schools and town halls
Emmanuel Macron pledged swift government support to help mayors rebuild schools, libraries and town halls destroyed during a week of violence that swept across France after the police shooting of a teenager. Thousands of insurance claims have started to pour in as small business owners seek to repair stores and offices attacked during the riots, with Finance Minster Bruno Le Maire promising additional support for those worst hit.
Economic Cost of French Riots Could Top €1 Billion as Unrest Continues to Drop
President Emmanuel Macron will meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores destroyed.
Macron pledges to repair riot-damaged schools and town halls
Emmanuel Macron pledged swift government support to help mayors rebuild schools, libraries and town halls destroyed during a week of violence that swept across France after the police shooting of a teenager. Thousands of insurance claims have started to pour in as small business owners seek to repair stores and offices attacked during the riots, with Finance Minster Bruno Le Maire promising additional support for those worst hit.
Macron pledges to repair riot-damaged schools and town halls
Emmanuel Macron pledged swift government support to help mayors rebuild schools, libraries and town halls destroyed during a week of violence that swept across France after the police shooting of a teenager. Thousands of insurance claims have started to pour in as small business owners seek to repair stores and offices attacked during the riots, with Finance Minster Bruno Le Maire promising additional support for those worst hit.
Se espera que disturbios en Francia cuesten €1.000 millones para el sector privado
Últimascotizaciones Bloomberg — Emmanuel Macron, presidente de Francia, mantendrá una reunión con más de doscientos alcaldes para valorar los disturbios que han sacudido el país mientras un gran despliegue policial continuaba reduciendo el nivel de agitación durante la noche.
French Riots Seen Costing €1 Billion as Macron Meets Mayors
(Bloomberg) -- President Emmanuel Macron will meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the cost of violence since the police shooting of Nahel, a 17-year-old of North African descent, last Tuesday at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores destroyed.
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