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French economy shrinks as political crisis eclipses Olympic boost
French economy shrinks as political crisis eclipses Olympic boost
Economy
by  AFP

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday. The institute had expected the economy to post zero growth in the October-to-December period after growing by 0.4 percent in the third quarter, which includes the summer months of the Olympic games.

EU holds auto talks to revive embattled car sector
EU holds auto talks to revive embattled car sector
Economy
by  AFP

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China. The car industry in particular has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles (EV) and increased competition from China.