WorldcrunchFrance’s top business daily, Les Echos covers domestic and international economic, financial and markets news. Founded in 1908, the newspaper has been the property of French luxury good conglomerate LVMH (Moet Hennessy – Louis Vuitton) since 2007.
It went largely unnoticed, but Washington’s refusal to let MiG fighter jets destined for the Ukrainians take off from their base in Germany is a clear message, according to a retired French general: Even if a NATO country is attacked, the U.S. will never send their soldiers to fight on our soil.
From self-induced trance to psychedelics, altered states of consciousness are experiencing a renewed interest in the scientific community for their therapeutic value.
The likely defection of Russian tourists this summer is clouding the prospects of tourism professionals in the South of France, whose activity is still recovering from the pandemic. An emblematic snapshot of the after-effects of Putin’s invasion of Ukraine.
Western countries want to isolate Russia on the world stage. But for many Asian countries, the war in Ukraine is distant geographically and economically, and represents an existential debate between dictatorships and democracies.
With 43 campuses in 27 countries, Le Wagon has become the world’s leading network for intensive coding education, revolutionizing how coding is taught.
First, the COVID-19 crisis, and now the need to respond to Russia’s invasion of Ukraine, are forcing countries to confront the risks of global interdependence. In its place comes a rush to establish national autonomy for crucial resources, from masks to oil and gas. But at what price?
By deciding to invade Ukraine, the President of Russia did so believing that money would protect his country. By trying to prove him wrong, the West is facing its own potential crash.
The Russian leader’s invasion is a both a pursuit of his Hitlerian obsession to rectify his nation’s humiliation, and a bet that the West’s decline is permanent.
Most workers want to keep the flexibility they had during the pandemic. And they no longer have any qualms about changing jobs if this isn’t possible.
Faced with a $32 billion drop in their wealth this year, Russian oligarchs are looking for assets to allow them to overcome sanctions that will increase with the invasion of Ukraine. Familiar with crises, they see bitcoin and other cryptocurrencies as an escape from the hegemony of the dollar, and a way to diversify their holdings.
It’s not the presence of Western weapons that scares Moscow, it is the idea of freedom. And yet by threatening Ukrainians with invasion, his neighbors and rivals in the West rally around that same idea. Has the would-be strategic mastermind in the Kremlin finally painted himself into a corner? Unfortunately, that’s a dangerous place.
The circular economy is a hot trend, being embraced by everything from fashion to home decor. But one industry has been upcycling for decades. And the benefits and potentials go far beyond the environment. Soon, your perfume might help you fight stress and even wrinkles.
With the electric guitar in full revival thanks to the pandemic, the mythical Fender brand is reviving the glory days of rock and roll stars. Taking advantage of free time during lockdown, many Americans discovered their passion for the classic six-string.
The change of Facebook’s name to Meta is a hint to the general public of where social media and digital sovereignty risks taking us in a future “virtual” world.
Conceived in the early 1990s, the QR Code has spread exponentially during the pandemic. Its creator, Masahiro Hara, is one of the many continuing to innovate his most famous invention, which has changed everything from medicine to how we dine.
How do you rebuild a country decimated by four decades of war and embargoes? Following the withdrawal of the U.S. military, Iraq faces many challenges, from oil revenues captured by the militias and endemic corruption to religious segregation. However, there are glimmers of hope for the country’s future.
Burnout doesn’t just occur in the workplace. Pressured by unrealistic perfectionism and a cult of performance, parents are also increasingly affected by a similar weight at home that becomes too much to bear. Here’s how to recognize the symptoms and act before before it’s too late.
The signs for 2022 may appear grim right now, but at least we know what we’re facing. Will we make the right decisions?
In just a few months, NFTs, the digital equivalent of collectables, have generated over $10 billion. Now, luxury champagne and wine brands are moving into the world of digital assets. But as investors and vineyards toast to the future, will the concept pop or fizzle?
The Tunisian president is cultivating his ambiguities and pushing his constitutional reform, without proposing a roadmap to get the country out of the crisis. Refusing to speak to the media, he has an increasingly populist tone with messianic accents.
Startups that offer to deliver groceries in less than 15 minutes have learned from the past and are hiring full-time employees, even if they need temporary workers to meet demand.
We’re nearly two years into a global pandemic that has seemingly changed everything in our economy from how we shop to where we eat. COVID-19 indeed may transform our economic lives entirely – except how we work.
Gone are sweet Soviet wines, forgotten is the “dry law” of Gorbachev, Russian viticulture is now reborn.
Tunisian President Kaïs Saïed caused a stir by appointing Najla Bouden, the first female head of government in the Arab world. But as the president has assumed full powers a decade after the launch of the Arab Spring, it is a choice with a mixed message.
The final deal at COP26 falls well short of what’s needed to confront global warming. Still, the Glasgow summit has provided a new blueprint for how we measure progress — and shown how pressure can be applied to world leaders.
Driven by the desire to offer an experience rooted in their terroir, more and more star chefs are turning into farmers. They have the same goal: to keep up with the times by offering local and sustainable produce.
A highly subjective concept, the notion of comfort has evolved over time and place — but what does it mean today?
The post-Brexit row of fishing rights is the last straw for not only France, but all of the European Union, who must put an end to the whims of Britain’s prime minister, who seems ready to toss out years of negotiations for the divorce between the UK and EU.
Asia has become the new center of the world because of China’s growing power, which in Washington’s eyes has turned Japan from an important ally to the most important. But is Tokyo ready for the newfound responsibility?
It is today a proven fraud, nailed by the French stock market watchdog: Air Next resorted to a full range of dubious practices to raise money for a blockchain-powered e-commerce app. But the simplest of errors exposed the scam and limited the damage to investors. A cautionary tale for the crypto economy.
Our carelessness toward the environment could be due, in part, to the functioning of a very primitive area of our brain: the striatum.
Long perceived as a country chasing Western tech, China’s business and technological innovations are now influencing the rest of the world. Still lagging on some fronts, the future is now up for grabs.
The current economic recovery is unlike any other in the labor market. For companies in the United States and Europe, recruitment is particularly tough. Resignations are exploding on both sides of the Atlantic and productivity is declining in places like France. These are all paradoxes confounding economists.
Cyberbullying has gained ground again this school year. For philosopher and free-market advocate Gaspard Koenig, it’s simple: social media has the effects of an addictive and harmful drug, and thus forbidden for those under 16.
A new platform called Masterworks allows individuals to buy shares of specific artworks in $20 increments. The platform capitalizes on the democratization of online investing, but is also a variation on a model that dates back a century.
Crunch the numbers, or just look around…and we see that immigrants, wherever they may come from, are not a disproportionate cause of crime or cultural degradation across Europe.
The prima ballerina Eleonora Abbagnato recently bid farewell to the Paris Opera, under the gold roof of the historic Palais Garnier. It’s an obligatory passage for Parisian ballet dancers of a certain age, a moment that is often happy, always dreaded and sometimes salutary.
The military pact between Australia, the United States and the United Kingdom is further proof that Europe’s influence is eroding. To make up for the absence of a collective defense from the bloc’s 27, it is urgent to establish alliances with different countries.