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Exclusive: Cigna seeks sale of group benefits insurance business – sources

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(Reuters) – U.S. health insurer Cigna Corp (CI.N) is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. FILE PHOTO: A screen displays the logo fro Cigna Corp. on the floor at the New York Stock Read More

G7 summit seen ending without communique due to gaps on trade: source

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(Reuters) – A Group of Seven summit to be held this weekend in France will likely end without a joint communique due to gaps between member nations on trade, a Japanese government official with knowledge of the matter said on Tuesday. It would be the first time a G7 summit ends without a communique since Read More

U.S. tech industry leaders: French digital service tax harms global tax reform

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WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Alphabet Inc’s Read More

Macron lectures Putin on ‘right to protest’ amid own crackdown on Yellow Vests

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Emmanuel Macron took the opportunity to tell Russia’s Vladimir Putin that a “true democracy” should treat protesters with respect. In France, anti-Macron protesters have been met with police batons for the past 40 weekends. The two leaders met ahead of the G7 summit, which Russia will not be part of, to talk about issues both Read More

Tourists who took sand from Sardinian beach face jail

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Two French tourists could be jailed after being caught with sand allegedly stolen from a Sardinian beach. The white sand was taken from the beach of Chia, in the island’s south, and was crammed into 14 plastic bottles. The bottles were found by police in the boot of the tourists’ vehicle as they prepared to Read More

Google, Amazon, Facebook, Apple to testify in Washington against French digital tax

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US tech giants are set to testify at a US government hearing over the French digital tax imposed last month in an attempt to level the playing field between big companies and local businesses. “ represents a troubling precedent, unnecessarily departs from progress toward stable long-lasting international tax policies and may disproportionately impact Read More

Watch Swiss fighter jets shadow Russian GOVERNMENT PLANE as ‘act of hospitality’

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Russian officials and journalists flying to France for a Putin-Macron summit got some additional firepower on their tail when they were shadowed by fighter jets of the Swiss Air Force – as the locals’ idea of hospitality. The two jets were scrambled to meet the Russian aircraft and escort it for about five minutes as Read More

Zalando to deliver orders for Adidas French website

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BERLIN (Reuters) – Online fashion retailer Zalando (ZALG.DE) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (ADSGn.DE) as it extends moves to allow brands to use the logistics network it has built for its own ecommerce business. An employee places parcels of online mail order company Read More

Ferrari will expand its lineup of road cars, but not too much

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FILE PHOTO: FCA Chairman John Elkann is seen before an event at the Bocconi University in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV (RACE.MI) will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Read More