Renault to cut 7500 jobs by 2016
Paris - AFP
Ailing French carmaker Renault said Tuesday it would cut its staff in France by 7,500 workers by 2016. The company will shed 5,700 jobs through natural attrition, with the balance coming from the extension of an early retirement programme subject to agreement with unions, a spokesman said. "If an agreement is signed with unions, this staff redeployment would require neither a plant closure or a voluntary redundancy programme," said Gerard Leclercq, head of Renault's French operations. Renault's current workforce in France stands at 44,642, making the job cuts announced on Tuesday equivalent to a 17 percent reduction in staff numbers.
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Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
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Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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UN Asks Countries to Shift $40m
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Actress Dora prefers simple designs
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