French car maker Renault has sold assets to the Moscow government - French car maker Renault has sold its Russian assets to the Moscow government. No financial details were provided but Russian Industry and Trade Minister Denis Manturov said in April that Renault planned to sell its Russian assets for "one symbolic ruble". In a statement Renault chief executive said "Today, we have taken a difficult but necessary decision; and we are making a responsible choice towards our 45,000 employees in Russia, while preserving the group's performance and our ability to return to the country in the future, in a different context”. Since President Vladimir Putin sent troops into Ukraine on 24 February, Renault has had difficulty keeping its operations going due to a lack of components following the imposition of Western sanctions. Ukrainian authorities have also put pressure on Renault, calling for a boycott of the company's vehicles until it pulls out of Russia.
Protesters across France have blocked roads, set fire to barricades, and clashed with police over President Emmanuel Macron’s planned spending cuts. L...
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Several people have been injured in a knife attack at a school in Antibes. The attack happened at the Campus Vert d’Azur horticultural school this aft...
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French President Emmanuel Macron has appointed Sébastien Lecornu as Prime Minister, following François Bayrou’s resignation. ...
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French Prime Minister Francois Bayrou submitted his resignation to President Macron this afternoon after losing last night’s no confidence vote in the...
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France is set to face widespread protests, transport disruptions, and school closures tomorrow, Wednesday, September 10th, as part of the nationwide m...
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