Nicolas Sarkozy News

The United States and Britain appear to be converging on a common solution for the financial chaos sweeping the world, one day before a crucial meeting of financial leaders begins in Washington that the White ...

PARIS -- Jean-Marie Gustave Le Clezio, a globe-trotting French author of books exploring indigenous and nomadic cultures in Latin America, Africa and Asia, on Thursday won the Nobel Prize in literature.

French president Nicolas Sarkozy approved a bill today giving automakers 400 million euros in government funding over the course of four years.

By Crispian Balmer and James Mackenzie

EVIAN, France (Reuters) - The leaders of France and Britain led calls on Wednesday for more joint action to combat the global financial crisis after criticism that divisions have hampered Europe's response.

Simultaneous interest rate cuts by six central banks, including the European Central Bank, failed to revive world stock markets that have plunged on fears of a global recession.

But French President Nicolas Sarkozy, whose country holds the European Union presidency, said such a unified response would boost the economy and the European Union was also discussing joint action.

The Russian president, Dmitry Medvedev, has called on European leaders to create a new world order that minimises the role of the US.

France has made a formal proposal to Japan and other Group of Eight countries to hold an emergency G8 summit meeting to deal with the financial crisis, Japan's Nikkei business daily reported on Tuesday.

A man leaves a branch of Dexia bank in Brussels Tuesday Oct. 7, 2008. The French and Belgian governments have appointed a former aide to French President Nicolas Sarkozy as the new CEO of bailed-out lender ...

Photo Credit: AP Photo Winners of the Nobel Prize of medicine French scientists Luc Montagnier, left, and Francoise Barre-Sinoussi, left, shake hands after their meeting with French President Nicolas Sarkozy at ...

Bank of France Governor Christian Noyer said on Tuesday no French bank was close to bankruptcy and there was no reason for stock markets to collapse since the companies listed on them are solid.

Major central banks have launched coordinated interest rate cuts in a new gamble to counter the global financial crisis but failed to quell panic on global stock markets.

Belgium Prime Minister Yves Leterme announced the move after convening an emergency Cabinet meeting early in the morning.

European Union finance ministers will meet in Luxembourg for emergency talks today as a so-called united front to deal with the economic crisis descended into shambles as countries propped up their own ...

President Bush reached out to European leaders on Tuesday to urge coordination on efforts to solve the financial crisis spreading around the globe.

PARIS : The son of a former French president, an Israeli-Russian billionaire and a tycoon with ties to Arizona's jet set were among the headliners as 42 defendants went on trial in Paris, accused in a worldwide ...

The European Commission has rejected a request from the French president that commission head Barroso work to overturn the European Parliament's decision banning the cutting of internet access to websurfers who ...

French prosecutors have called for former PM Dominique de Villepin to face trial over an alleged plot to smear President Nicolas Sarkozy.

Tuesday, October 07, 2008 By Asim Yasin ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Monday welcomed the French government's statement that every country has the right to use nuclear energy for peaceful ...

NEW YORK: Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis yesterday but global stocks still plummeted as investors bet a recession was ...

Even a watered-down pledge by the European Union's top leaders to "coordinate" individual efforts to shore up the troubled banking sector proved overly ambitious, undercutting the euro and exacerbating losses ...

A PRESIDENT'S son, a thriller writer and a former interior minister were among members of the French elite who went on trial in Paris today for illegal arms sales to Africa in a high-profile case dubbed ...