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France seeks to raise 5 billion euros in private funds to foster start-ups

“PARIS (Reuters) – France aims to raise 5 billion euros ($5.53 billion) in funds from private sector investors over the next three years to give French start-up companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday” writes Midwest Communications Inc for 95kqds.com. Macron, who came to power in mid-2017 on a business friendly platform, has sought to foster investment in France’s tech scene, including through high-profile conferences gathering foreign venture capitalists and French start-ups.”The capital battle is essential. If we want…

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Google Pays Up in France

“France has said it will remove the digital tax once the international tax system kicks in” writes Sejuti Banerjea for nasdaq.com. Google earlier settled with Italian authorities by handing over €306 million in back taxes.France tried to get support for an EU-wide digital tax, but Ireland, Denmark, Sweden and Finland opposed the move.The company has settled its tax dispute with French authorities that have been investigating it since 2016, when they raided its French offices. Source: nasdaq.com

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Airbus, French exporters slip as U.S. tariffs loom in subsidy row

“LONDON/PARIS (Reuters) – Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies” writes Midwest Communications Inc for 95kqds.com. Both sides have won partial rulings in their favor in a 15-year dispute involving billions of dollars of domestic support for planemakers Airbus and Boeing . Source: 95kqds.com

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Google has agreed to pay a €500M fine and €465M in additional taxes in France to settle a fiscal fraud probe that began four years ago

“The settlement comprises a fine of 500 million euros and additional taxes of 465 million euros, Google said in a statement” writes Min Read for reuters.com. PARIS (Reuters) – Google agreed to pay close to 1 billion euros ($1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country.The combined tax payment is less than the 1.6 billion euros the finance ministry had been seeking from Google…

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Google to pay 465 million euros in additional taxes in France, boosting settlement to 1 billion

“PARIS (Reuters) – Google said on Thursday it agreed to pay 465 million euros in additional taxes to French authorities, boosting the total settlement to end a fiscal fraud probe in the country to nearly 1 billion” writes Midwest Communications Inc for 95kqds.com. France’s financial prosecutor office earlier said Google had agreed to pay half a billion euros in fine to settle the four-year old investigation. “These agreements include a payment of 500 million euros announced today by a French court, as well as an amount of 465 million euros…

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Trump is considering throwing a $15 billion lifeline to Iran

“I do believe they’d like to make a deal,” Trump said on Wednesday, adding that he believed “Iran has tremendous potential.”” writes David Choi for businessinsider.com. President Donald Trump is considering a French plan to allow a $15 billion credit line for Iran should it come back and comply with the Iran nuclear deal, according to a Daily Beast report that cited US and foreign officials.The US during his presidency has applied heavy sanctions against Iran since pulling out of the nuclear deal established in 2015 under President Barack Obama’s…

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Global stocks are dropping after Chinese factory prices fall, stoking fears deflation is spreading

“World stocks slid on Tuesday as traders reacted to falling prices of Chinese manufactured goods and disappointing French industrial production data” writes Finanzen Net Gmbh for businessinsider.com. China’s producer price index dropped 0.8% in August — the sharpest decline in three years, according to Reuters — as the country’s trade war with the US tempered interest in factory products, forcing businesses to cut prices.News of the surprise slowdown in growth comes ahead of the European Central Bank’s expected unveiling of a batch of stimulus measures on Thursday, which are intended…

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