French president François:  has gone from saying ‘finance is the enemy’ during the 2012 presidential campaign to espousing supply-side economics. Photograph: Reuters/Philippe Wojazer

France’s rebel economy minister Arnaud Montebourg was replaced yesterday in the new government by Emmanuel Macron (36), the outgoing deputy secretary (...)

Secretary general of the Elysee Palace Jean-Pierre Jouyet announces the new list of government ministers after a cabinet reshuffle at the Elysee Palace, in Paris, France, today. Photograph: EPA

President Francois Hollande has replaced his maverick leftist economy minister with a former Rothschild partner in a reshuffle intended to reconcile h(...)

For the second time in four months French President François Hollande has reshuffled his Socialist government, this time in response to a cabinet spli(...)

Arnaud Montebourg: said France “must raise its voice” with Germany. Photograph: EPA/Etienne Laurent

President Francois Hollande was yesterday plunged into the greatest political crisis of his presidency when the French government collapsed followin(...)

French president Francois Hollande and prime minister Manuel Valls leave the Elysee Palace in Paris following the weekly cabinet meeting five days ago. Photograph: Philippe Wojazer/Reuters

French prime minister Manuel Valls presented his government’s resignation today, a day after economy minister Arnaud Montebourg called for new econom(...)

Shares in BNP have fallen 17 per cent since it first announced a $1.1 billion provision for the fine in mid-February

The US Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged US(...)

France’s cconomy minister, Arnaud Montebourg, said yesterday that Alstom’s lucrative gas turbines arm would be purchased by GE and said there would be discussions on the shape of joint ventures in other energy areas ranging from renewables to nuclear. Photographer: Chris Ratcliffe/Bloomberg

France chose General Electric to form an alliance with Alstom yesterday, rejecting an offer from Siemens and Mitsubishi Heavy Industries – but said(...)

Ryanair and Aer Lingus were dragged down in a sector-wide slide in airline stock linked to Germany’s Lufthansa lowering of its profit forecast earlier in the week.

European stocks were little changed yesterday despite poor retail sales and jobs data from the US, while oil prices hit a three-month peak on escalat(...)

Siemens considers Alstom’s energy assets to have an enterprise value of €10 billion to €11 billion.  Photograph:  Etienne Laurent/EPA

The French government has postponed a meeting with General Electric to discuss the US manufacturer’s bid for French rival Alstom’s energy busin(...)

 Patrick Kron, chief executive officer of Alstom.  General Electric  is in talks to buy Alstom, the French builder of trains and power plants, people with knowledge of the matter said. Photograph: Simon Dawson/Bloomberg

US industrial products giant General Electric is in talks to buy the global power turbines division of struggling French engineering group Alst(...)

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