Emmanuel Macron

Macron nationalises shipyard to prevent Italian acquisition

French President Emmanuel Macron has made his first major intervention in the corporate world by nationalising a shipyard to stop it falling into Italian hands.

In a move that shows the limits of the new government’s economic liberalism, the finance ministry on Thursday said the state was exercising its pre-emption right to buy out all the shareholders in STX France.

French Armed Forces Chief Quits After Clash with Emmanuel Macron Over Budget Cuts

The head of the French armed forces, General Pierre de Villiers, has quit his post after publicly clashing with Emmanuel Macron over proposed budget cuts, according to the Independent.

In a statement from his office, Gen de Villiers said he had sought to maintain a French defence force able to do an increasingly difficult job within the financial constraints imposed on it.

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