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Made in France

Made in France

Arnaud Montebourg, the minister in charge of all things corporate in France (officially, le ministère du redressement productif), seems much in favour of … all things French. Companies are encouraged to stay in France, to produce locally, to hire locally. Recently, Mr Montebourg questioned the transaction between the French Alstom, which invented the TGV decades …

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Tug-of-rope? ArcelorMittal and France

Tug-of-rope? ArcelorMittal and France

I am visiting family in Luxembourg. The news here closely follows ArcelorMittal, the international steel giant. The local media interest dates back to 2002 when Arcelor was born from the merger of Luxembourg’s ARBED with the Spanish Aceralia and the French Usinor. In 2007, Arcelor was acquired by the Indian Mittal. ArcelorMittal is headquartered in …

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Bankers skinny dipping in Lake Wobegon

Bankers skinny dipping in Lake Wobegon

Remember Lehman Brothers, the once stellar investment bank, now defunct? Morgan Stanley Smith Barney, the barely salvaged bank? Dexia, the former banking behemoth spanning France, Belgium, and Luxembourg, shattered into smithereens? More recently, Barclay’s Bank, one of the largest in England, has come into spotlight, and very ingloriously so. It has admitted to manipulating the …

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