Finance News

English journalist 'trapped' in Ireland over extradition bid

Dublin court to consider European arrest warrant for Ian Bailey over unsolved murder of French woman

Ian Bailey, an English journalist-turned poet, has said he is trapped in Ireland because of an attempt to extradite him to France where he faces 25 years in jail for allegedly murdering a French film-maker, Sophie Toscan du Plantier.

A high court in Dublin will hold a hearing on Monday into a European arrest warrant issued by a Paris court, the latest twist in a legal saga over Ireland’s most notorious unsolved murder.

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A Cheech & Chong style Big Ben bong | Brief letters

Kim-Joy bakes | Supermarket refills | Bongs | Marmalade

I am as in touch with my inner six-year-old as the next person, but I nevertheless rejoiced when I thought you had moved on from Kim-Joy bakes (G2, 16 January) but no, she is back and offering us lemon tarts decorated with emoji. Honestly, it’s fine; I am happy to eat cake without a face.
Julia Draper
Bath

• My daughter and I were surprised to see Kim-Joy’s column interrupted by David Atherton’s “fit food” (G2, 9 January). His flapjacks could definitely be improved by icing cute faces on them ;-).
Frances and Juliet Clark
Twickenham, London

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Paris transport set to return to normal as rail union suspends strike

Union says members need to recharge after 45 days of industrial action

Paris’s strike-hit public transport network is expected to return to near normal this week after the city’s main rail union voted to go back to work.

The decision to suspend industrial action from Monday follows six weeks of road and rail chaos since transport staff walked out as part of national protests over pension reforms in December.

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Police fire teargas as gilets jaunes protests return to Paris

Clashes come on 45th day of strike with 59 arrests and claims police beat protester

French police fired teargas under a rain of projectiles, used stun grenades and arrested dozens of people on Saturday as thousands of “yellow vest” anti-government protesters returned to the streets of Paris.

Demonstrators shouted slogans denouncing the police, the president, Emmanuel Macron, and his pension reforms that have triggered the longest French transport strike in decades.

Related: Macron wants not just reform but to change the way France thinks | John Lichfield

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Rent rises force revered LGBT bookshop out of Paris's gay district

Les Mots à La Bouche’s move from the Marais shows loss of cultural heritage, activists say

In the window of France’s best-known gay bookshop, above the display of Lucian Freud art books, opera singer Maria Callas’s memoirs and a history of the Pride movement, a poster warns in giant red letters: “Cultural heritage in danger.” An urgent note on the door adds: “We need your help!”

Les Mots à La Bouche, a 40-year-old Paris institution, is the top LGBT bookshop in France and considered one of the best in the world – a focal point of Paris’s historic gay neighbourhood in the Marais district. But as property speculation in central Paris reaches dizzying heights – it is estimated that at certain times of year there are more Airbnb rentals than residents in the Marais – the bookshop is being forced out by rising rents.

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French chefs stew over renowned restaurant's loss of Michelin star

Downgrading of Auberge du Pont de Collonges to two-star establishment prompts fury

The world of French fine dining has become embroiled in yet another ratings row due to the removal of the three-star Michelin ranking from renowned chef Paul Bocuse’s restaurant, almost two years after his death.

The Auberge du Pont de Collonges, situated near the gastronomic capital of Lyon in south-east France, was the oldest three-starred restaurant in the world, having held the ranking without interruption since 1965.

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Which company just hit $1 trillion? Google it.

As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in...

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data

Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...

Be Natural: The Untold Story of Alice Guy-Blaché review – paean to a movie pioneer

This intriguing documentary shines a light on the astonishing career of the first woman to direct a film – and possibly the first director ever

Pamela B Green’s hectic, garrulous, fascinating documentary recovers the story of French film-maker Alice Guy-Blaché (working from Alison McMahan’s book Alice Guy-Blaché: Lost Visionary of the Cinema). She was a hugely important pioneer of early cinema who was the first woman to direct a feature film – perhaps the first director ever – a figure admired by Eisenstein and Hitchcock, and a prolific director, screenwriter, producer and prototypical studio chief who helped invent the idiom of modern movie-making. The notice “Be Natural” on the wall of her Solax studio in New Jersey was a testament to her belief that, however stylised and generic, acting and films in general should not be bizarre pantomimes but artworks connected to the real world.

The documentary is narrated by its producer Jodie Foster, and tells the remarkable life story of a woman who was one of the first entranced witnesses to the Lumières’ initial screenings of their cinematograph invention in Paris. She was employed by a photography company taken over by Léon Gaumont, and from there developed her own interest in the cinema, directing what is perhaps the world’s first narrative film, entitled The Cabbage Fairy (1896) and then establishing a studio in Fort Lee, New Jersey – the place where American movie-making happened before the big move west to Hollywood.

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ValueAct's Ubben cheers BlackRock's new stance on climate change

Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...

European troops may be at risk after dispute process triggered – Iran

Hassan Rouhani’s threat to western allies comes amid fears of reimposition of sanctions

Iran’s president has warned that European soldiers in the Middle East could be in danger after the UK, France and Germany triggered a dispute mechanism in a nuclear agreement that could lead to the reimposition of international sanctions on the country.

Hassan Rouhani’s remarks on Wednesday were the first direct threat he has made against European powers as tensions have grown between Tehran and Washington since Donald Trump unilaterally abandoned the nuclear deal more than 18 months ago.

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'Dream of a banlieue kid': France hails Les Misérables's Oscar nod

Nomination for Ladj Ly’s film about police violence is first time a black director is representing France

The nomination of the Paris banlieue movie Les Misérables for best foreign language feature at the Oscars has been hailed as a historic moment – the first time a black film director has represented France at the Academy Awards, and for a low-budget drama about the topical issue of police violence.

The film – which won universal critical acclaim and box-office success in France – is the first full-length feature by Ladj Ly, who grew up and still lives in Montfermeil in Seine-Saint-Denis at the heart of the high-rise estates that saw the worst of the urban rioting in 2005 after the death of two young boys hiding from police.

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French chef Alain Ducasse declares war on dry January

Star chef says he is ‘obsessed with selling wine’ and wants to diners to drink more, not less

French chef Alain Ducasse, an outspoken opponent of Dry January, has launched an initiative to entice patrons of his restaurants to drink more during the first month of the year, not less.

“I like swimming against the tide,” he told AFP on Tuesday, announcing plans to proffer top bottles of Burgundy and Bordeaux at knockdown prices to encourage diners to order wine by the bottle rather than by the glass.

Related: Drink without drinking: four tipples to help you survive dry January | Fiona Beckett

Related: Does dry January work? We ask the experts

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Total to move financial hub from London to Paris after Brexit

French oil giant will ‘bring cash back to Paris’ along with 60-70 jobs

The French oil company Total plans to pull its cash out of the UK after Brexit and return its financial hub to Paris in a show of faith in Europe, according to its chief executive.

Patrick Pouyanné announced plans for Total to move its central treasury, including between 60 and 70 jobs, back to the “heart of Europe’s economic and financial system” in Paris.

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In next war, soldiers will leave their smartphones at home: Peter Apps

As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...

French company asked for 15-month extension on design of Australia's new submarine fleet

Defence agreed to nine-month extension, taking completion date from July 2022 to September 2023

The French state-owned company designing Australia’s submarine fleet has already asked for a 15-month extension to deliver the design, the auditor general has found.

In February last year Naval Group asked for the extension to turn in its work in order to minimise delays down the track, which would extend the design completion date from July 2022 to September 2023.

Related: Defence ordered to hand over documents on $50bn submarine deal with French

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Your money: Avoid divorce money regrets by taking control now

Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that...

Victims of paedophile priest face attacker in court for first time

Bernard Preynat, 74, is believed to have sexually abused scores of boys over a 30-year period

The victims of a paedophile priest at the heart of the biggest scandal to hit the Catholic church will face their attacker in a French court.

Bernard Preynat, 74, who has been defrocked, is believed to have sexually abused scores of boys over a 30-year period, many of them while they attended catechism classes or Boy Scout camps he ran.

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'Green is good.' Is Wall Street's new motto sustainable?

If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

France's digital minister says big tech tax is just the start

Cédric O says French will not back down on levy despite US threats of trade war

France will go ahead with its controversial new tax on the profits of large technology firms such as Google and Facebook despite US threats to retaliate, with the government vowing it is just the start of a crucial rethink of the regulation of tech monopolies.

Cédric O, French junior minister for digital affairs, told The Guardian that Emmanuel Macron’s drive to make companies including Amazon and Apple pay more and fairer tax would go ahead, despite US warnings that it could open up a new front in the international trade war.

Washington has threatened to retaliate with tariffs of up to 100% on imports of French products such as champagne, cheese, handbags, lipstick and cookware worth $2.4bn (£1.8bn) after a US government investigation found that France’s new digital services tax would harm US technology companies.

Related: Too big to fail? Tech's decade of scale and impunity

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Ski resorts lure millennials with the sound of music

As fiftysomethings pack the slopes, cost and a cultural shift are putting off younger skiers – and the industry is having to respond

It’s Thursday evening at Geneva airport and about 60 British holidaymakers are waiting for a bus to take them to the French ski resorts of Chamonix and Morzine. All but a handful are over 50.

What was once a young person’s sport is now owned by the baby boomer generation, something with potentially disastrous consequences for the ski industry as older skiers depart the slopes and young people fall out of love with the mountains.

The 21-40 travel market isn't content with skiing all day and eating fondue every night

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Citizens' panels ready to help Macron set French climate policies

President to launch democratic experiment handing power to 150 people chosen at random

In a grandiose 1930s building on the banks of the Seine in Paris, 150 French citizens chosen at random had gathered. Ranging from 16-year-old school pupils to carers, shuttle-bus drivers and retired rail workers, the French president said these ordinary people would define the next phase of his term in power.

They are part of France’s latest democratic experiment: a randomly selected citizen’s assembly that has been promised more power than any other – the ability to set Emmanuel Macron’s policy on cutting carbon emissions, as he faces harsh criticism that he is not doing enough to tackle the climate emergency.

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French police restraint techniques criticised after Paris arrest death

Lawyers for Cédric Chouviat’s family accuse authorities of trying to cover up heavy-handed tactics

Human rights groups and lawyers have criticised French police restraint techniques after a 42-year-old delivery driver died after being held on the ground during a police check near the Eiffel Tower in Paris.

France’s citizens’ rights ombudsman, Jacques Toubon opened an inquiry into the case of Cédric Chouviat, a father of five, who was stopped on Friday by police and died in hospital 48 hours later.

Related: Adama Traoré's death in police custody casts long shadow over French society

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Brexit 'deepening inequalities among UK nationals in France'

Research finds more insecurity for poorer Britons, women and those in poor health

Brexit is already deepening inequalities among British nationals in France, with some losing rights due to varying levels of Brexit preparedness among local authorities, and women and people in poor health disproportionately affected, research shows.

Extensive interviews with more than 100 British residents in France as part of the 18-month BrExpats programme at Goldsmiths, University of London, have revealed widely differing individual outcomes, Michaela Benson, the project lead, said.

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France strikes: nurses, teachers and lawyers join pension protests

More than a third of teachers stop work and rail services severely hit as strike enters 36th day

Trade unions led street demonstrations in cities across France on Thursday as teachers, district nurses and lawyers joined strike action over pension changes with the country’s longest transport stoppages in decades entering their 36th day.

By morning rush-hour, there were more than 124 miles (200km) of traffic jams in the greater Paris area as public transport around the city was badly disrupted, leaving millions of commuters struggling to get to work.

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Henri Cartier-Bresson: China breaking free of its past – in pictures

In November 1948, the great photographer went to shoot ‘the last days of Beijing’. He returned to China in 1958 to capture the results of the Maoist revolution. Images from both visits are brought together for the first time in an exhibition in Paris

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Child stowaway found dead in plane's undercarriage in Paris

Child, aged about 10, may have frozen to death or asphyxiated on the flight from Ivory Coast

A child stowaway has been found dead in the undercarriage of a plane at a Paris airport, officials said, having probably frozen to death or asphyxiated on the flight from Ivory Coast.

The child, aged about 10, had clambered into the underbelly of the Air France Boeing 777 in Abidjan, Ivory Coast. It took off on Tuesday evening and landed at Charles de Gaulle airport, north of the capital, early on Wednesday morning.

Related: The stowaway’s tragic death shows we can’t shut our minds to global inequality | Gaby Hinsliff

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Paris museum hires Instagram artist-in-residence

Jean-Philippe Delhomme will depict an artist as a social media user every week for the Musée d’Orsay

One of France’s most celebrated and august art institutions has taken a novel approach to embracing technology while breathing new life into its collection – by installing an Instagram artist-in-residence who imagines the social media accounts of famous artists from history.

The Paris museum Musée d’Orsay has invited the illustrator Jean-Philippe Delhomme to take over its Instagram account every Monday during 2020. On the account he will post a different drawing each week, depicting an artist as a contemporary social media user.

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French ex-president Nicolas Sarkozy to be tried on graft charges

Sarkozy is accused of trying to obtain classified information from a judge in 2014

Nicolas Sarkozy will become France’s first former president to stand trial on corruption charges in a case in which he is accused of trying to obtain classified information from a judge.

The trial will start on 5 October 2020 and will last until 22 October, a Paris court said.

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Risk of pension meltdown grows due to inaction by U.S. Congress

The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.