France

EADS delays first flight of new military plane

EADS delays first flight of new military plane Paris - European aerospace group EADS said Thursday that the first flight of its new A400M multi-purpose military transport plane has been postponed "because of the unavailability of the propulsion system."

The postponement is another blow for EADS, which has already lost billions of euros because of delays to its A380 superjumbo and A350XWB aircraft.

Barbara Kracht, a spokeswoman for EADS subsidiary Airbus, which is building the A400M, told Deutsche Presse-Agentur dpa that it was too early to speculate about how long the setback would delay delivery of the plane.

More than 300 EU observers foreseen for Georgia, Paris says

European UnionParis  - The European Union plans to send more than 300 observers to Georgia, substantially more than had been foreseen, a French foreign ministry spokesman said on Wednesday.

Asked during an electronic press conference about media reports that the mission could comprise 340 observers, instead of the 200 originally called for, Frederic Bouillon said, "We confirm that the EU observation mission in Georgia could comprise 300 observers, to which must be added the logistical support personnel."

France to call global financial-crisis summit

France FlagBrussels - France intends to call an emergency summit of the world's leading economic powers before the end of the year to respond to the global financial crisis, French Europe Minister Jean-Pierre Jouyet confirmed Wednesday.

France, the current holder of the EU's rotating presidency, "wants to summon a meeting based on the Group of Eight (leading industrialized nations) before the end of the year, with one topic the regulation of financial markets," Jouyet told the European Parliament.

"We need new, common rules on an international level for a better control of financial markets," he said.

French, Czech firms to build Romanian power plants

French, Czech firms to build Romanian power plants Czech energy firm CEZ and Electrabel, a unit of French-based GDF Suez, won contracts to build two coal-fired power plants in Romania, the government said Wednesday.

Each contract is worth up to 400 million euros (590 million dollars), Economy Minister Varujan Vosganian said.

The 400-megawatt units in eastern Romania will be built at two existing power plants in cooperation with state-owned utility Termoelectrica SA.

Electrabel was contracted to build a unit at Borzesti and CEZ was tapped for one at Galati, also the site of Romania's biggest steelworks.

French EDF and British Energy agree on purchase deal

Paris - French energy giant Electricite de France (EDF) is to purchase British Energy Group after both boards agreed on a price, EDF said Wednesday in a statement.

According to the agreed deal, EDF will pay 12.5 billion pounds (15.6 billion euros, or 22.9 billion dollars) for the group, which owns eight of Britain's 10 nuclear power reactors.

The offer, equal to 774 pence per share of British Energy, represents a premium of more than 35 per cent over its closing middle price on March 14, when talks began between the two companies, and of nearly 7 per cent over Tuesday's closing middle price.

French police detain at least four pro-ETA party members

Madrid - French police Wednesday detained at least four members of Batasuna, regarded as the political wing of the militant Basque separatist group ETA, Spanish media reported.

The arrests were made in several locations in southern France. The detainees included Batasuna spokesman Xabi Larralde. Police were searching the Batasuna headquarters in Bayonne.

Batasuna was outlawed in Spain in 2003. It is, however, legal in France, where it is registered as an association, according to Spanish media.

The detentions followed those of two suspected ETA members in central France on Tuesday.

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