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Paris’ famous Crillon hotel to change management
04/03/2013 - FRANCE

Paris’ famous Crillon hotel to change management

Paris’ exclusive Le Crillon hotel is in talks with US firm Rosewood Hotel and Resorts to take over the management of the property from spring 2015.
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Chinese smartphone brands take bite out of Apple
18/02/2013 - TECHNOLOGY

Chinese smartphone brands take bite out of Apple

Global technology heavyweights are eager to make inroads into China, the world's biggest smartphone market. Yet local brands like Xiaomi, Lenovo, Coolpad, Huawei are putting up stiff resistance, selling phones for around half the price of their larger competitors. They've even beaten the iPhone into fourth place in rankings of Chinese smartphone sales... and now they're setting their sights on foreign customers too.
Could the hostage crisis hurt Algeria's economy?
31/01/2013 - ALGERIA

Could the hostage crisis hurt Algeria's economy?

The Algerian hostage crisis has highlighted the lack of security within the Algerian state, which has worsened the tough business conditions in the country. Foreign investors are now worried about putting their money into Algeria, adding to the difficulty of a market already bogged down by bureaucracy, corruption and lack of transparency.
Goodyear to close tyre plant in northern France
01/02/2013 - FRANCE

Goodyear to close tyre plant in northern France

After five years of unsuccessful labour negotiations, Goodyear executives on Thursday announced a plan to close a tyre plant that employs 1,173 workers in the northern French city of Amiens. Goodyear described the plan as "the only option".
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Portuguese youth determined not to give up in face of spiralling unemployment
28/01/2013 - PORTUGAL - REPORT

Portuguese youth determined not to give up in face of spiralling unemployment

Facing a desolate job market, young university graduates in Portugal are being forced to rethink their career plans. This FRANCE 24 report focuses on two young entrepreneurs adapting — with success — to the changing times.
Schnell! Berlin airport project fails to take off
14/01/2013 - GERMANY

Schnell! Berlin airport project fails to take off

Berlin's future airport is stumbling from one disaster to the next. Authorities have now postponed the grand opening for a fifth time. As a country known for its engineering, efficiency and ability to manage big projects, Germany is not used to such PR disasters.
The end of a Virgin presence in France?
09/01/2013 - FRANCE

The end of a Virgin presence in France?

The French chain of Virgin Megastores has declared itself bankrupt, putting 35 stores and 1,000 jobs at threat. On Wednesday, employees from across France gathered at the flagship store on Paris's Champs Elysées, protesting against Virgin France's parent company, Butler Capital Partners. Staff say they've been failed by the chain's owners and hope to find a buyer to take over the business. But what future is there for high street stores in the age of digital downloads and online shopping?
Virgin closure a sign of changing Champs Elysées
09/01/2013 - FRANCE

Virgin closure a sign of changing Champs Elysées

The Champs Elysées, once dubbed the “most beautiful avenue in the world,” is undergoing drastic transformation as skyrocketing rents force out retailers such as Virgin Megastore, which announced Friday it would declare insolvency.
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Entertainment retailer Virgin to declare insolvency
04/01/2013 - BUSINESS

Entertainment retailer Virgin to declare insolvency

French retailer Virgin, which operates 25 stores in France, is declaring insolvency, a company spokesman said Friday. Virgin has seen plummeting CD and DVD sales due to an increase in the digital transfer of music and films.
US firms fall out of love with France, survey says
22/12/2012 - FRANCE / BUSINESS

US firms fall out of love with France, survey says

The attractiveness of France as a place to do business has plummeted in the eyes of the French divisions of US businesses, a new survey suggested this week. The May 2012 election of a Socialist government was cited as the main reason for the drop.
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