France

Bazin elected president of Paris Saint Germain

Paris - Investment fund manager Sebastien Bazin has replaced Charles Villeneuve as president of French league club Paris St Germain.

The club's majority shareholder Bazin was elected to the post late Tuesday after weeks of turbulence at the club following board member Jerome de Metz's letter at Christmas to Bazin that he doubted whether the shareholders would be prepared to spend 10 to 20 million euros (12.9-25.8 million dollars) a year on the club.

De Metz subsequently resigned, warning that the club could make a loss of up to 11,4 million euros by the middle of 2009, which would leave the club 7 million in the red.

Last month, the board resigned after Villeneuve demanded new powers and pointed out poor management.

New book accuses Kouchner of conflict of interest

New book accuses Kouchner of conflict of interest Paris - A book published on Wednesday accuses French Foreign Minister Bernard Kouchner of using his position as head of a public health organization to carry out high-paying consulting activities in Africa for private companies.

The book, "The World According to K," by journalist Pierre Pean, alleges that from 2002 to 2007 Kouchner represented two private health consulting firms in Africa while at the same time heading the association Esther, the aim of which was to increase international hospital cooperation.

Renault-Nissan increases share in shrinking global car market

Renault-Nissan increases share in shrinking global car marketParis - Despite a drop of sales, French-Japanese carmaker Renault-Nissan was able to increase its share of the world car market in 2008, the company announced on Wednesday.

Renault and Nissan sold nearly 6.1 million cars last year, a drop of 1.1 per cent over 2007 but good enough to increase their combined share of the global car market to 9.4 per cent, up from 9.1 per cent.

The reason for the improvement is that global car sales fell by 5 per cent in 2008, Renault said.

India signs first commercial atomic power contract with France

India signs first commercial atomic power contract with FranceNew Delhi, Feb 4 (ANI): India on Wednesday signed a Memorandum of Understanding (MoU) with a French power major AREVA to build atomic power plants.

The MoU was signed by the Nuclear Power Corporation of India Limited officials and AREVA.

Minister of State in PMO Prithviraj Chavan and visiting French Minister of State for Foreign Trade Anne Marie Idrac were present during the signing of a MoU.

India signs pact with France's Areva for nuclear reactors

India signs pact with France's Areva for nuclear reactorsNew Delhi  - French nuclear group Areva Wednesday signed an agreement to build atomic power plants in India, the first commercial contract that ends the South Asian country's three-decade nuclear isolation.

Areva will build up to six new-generation European Pressurized Reactors of 1,650 megawatts each at Jaitapur in the western state of Maharashtra.

Harry Potter author Rowlings named Knight of the Legion of Honour

Harry Potter author Rowlings named Knight of the Legion of Honour Paris - JK Rowlings, the creator of the wildly popular Harry Potter series of books, was named Tuesday a Knight of the Legion of Honour by French President Nicolas Sarkozy, the Elysee Palace announced.

The Harry Potter books, which have been condemned by conservative clergy, have made the 43-year-old Rowling one of the richest women in Britain, with a fortune estimated at 560 million pounds (804 million dollars).

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