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Added on the 11/12/2015 15:44:35 - Copyright : Reuters EN
Renault says it has reached a deal with Japanese partner Nissan and the French government to end an eight-month dispute over increased state influence on the carmaking alliance. Ivor Bennett reports.
French Finance Minister Bruno Le Maire and former French Prime Minister Edouard Philippe are greeted by Renault CEO Luca de Meo as they arrive at the Renault Group site in Sandouville to tour of the industrial line of the auto maker's plant in Normandy. IMAGES
Wearing white laboratory coat and hair net, French President Emmanuel Macron tours the production site in Chartres, southwest of Paris, of Novo Nordisk . In a deal to be sealed officially with Macron today, Danish pharmaceutical giant Novo Nordisk will invest 2.1 billion euros ($2.3 billion) in this existing facility to expand capacity for a blockbuster anti-obesity drug. Novo Nordisk is the European Union's most valuable company with market capitalisation of around $460 billion, mostly thanks to growing use of its anti-diabetes drugs as weight-loss derivatives. IMAGES
French President Emmanuel Macron says Russian President Vladimir Putin made a terrible mistake in pulling out of the deal to protect Black Sea grain exports. "He decided to weaponize food, and I think this is a huge mistake," Macron says. SOUNDBITE
Nissan CEO Makoto Uchida welcomes the restructuring of the cooperation agreement between car manufacturers Renault and Nissan, which sees Renault reducing its stake in the Japanese firm from 43.4 percent to 15 percent, the same size as Nissan's share in its French counterpart. Speaking at a press conference in London, Makoto Uchida says he's "very confident that this new structure will deepen mutual trust," and will "ensure that each member contributes with their strengths and works with shared ambitions." SOUNDBITE