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Paris will host the 14th Coface Country Risk Conference in January 2010. The event will cover some hefty issues including the risks in global economic recovery for developed and developing countries. More than 1,400 participants from companies, banks and the academic field are expected to attend the one-day conference, run by the global credit insurer. [...]
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Government export credit agency Export Finance and Insurance Corporation (EFIC) has signed reciprocal reinsurance agreements with its French and US counterparts, enabling Australian, French and US companies to participate more easily in joint international contracts. The deal, between EFIC and Compagnie Française d’Assurance pour le Commerce Extérieur (COFACE) and Export-Import Bank of the United States [...]
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Minister for Foreign Affairs Stephen Smith has announced that Australia will provide a $1 million support package to Tonga in the wake of the earthquake and tsunami that has destroyed parts of the country. The package will include emergency supplies such as tents, marquees, generators and lighting to be delivered by French vessel Revi to [...]
...read moreInternational Monetary Fund managing director Dominique Strauss-Kahn has warned that the world has not yet fully recovered from the global economic crisis, despite positive signs from various countries around the world, particularly Europe. Strauss-Kahn said some leaders were being too complacent: “In the minds of too many — not only regular people but also top [...]
...read moreEuropean Union finance ministers are hoping to boost the International Monetary Fund’s (IMF) resources to aid countries suffering from the global economic downturn.
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Both France and Germany released figures this week showing that they have recovered from recession. Official data from France showed growth in the June quarter, with a 0.3 percent rise in gross domestic product (GDP). Earlier forecasts had predicted a 0.2 percent contraction. “The data is very surprising. After four negative quarters France is finally [...]
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Parliamentary Secretary for Pacific Island Affairs Duncan Kerr is in New Caledonia today to represent Australia at the France-Oceania Summit. Hosted by France, the summit is a forum to strengthen ties between France and Pacific nations for development and security purposes. “The Summit discussions will also cover issues of regional importance such as climate change, [...]
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French President Nicolas Sarkozy warned that failure to act on employment issues will lead to social unrest and conflict, in his address at the International Labour Organisation Global Jobs Crisis summit in Geneva yesterday. “Regulation of globalisation is the central issue,” he said. “The ILO must have its word to say with the WTO [World [...]
...read moreEconomists in France have revised their forecasts and now say that their economy will shrink by three percent – twice the size of the contraction they originally predicted. Recovery will now come in 2010 with slow growth of 0.5 percent, which is half the rate of initial government forecasts. According to Agence France-Presse, a source [...]
...read moreThe Australian Association of Angel Investors (AAAI) this week joined with nine counterparts, including organisations from the USA and China, to found the World Business Angels Association (WBAA). “WBAA, as a platform for exchange of information and development of the angel investor market around the world, will provide an entry point for investors and entrepreneurs [...]
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