France Beats Lithuania In Eurobasket 2013 Title Game
As France looks to turn page on recession with new budget, experts warn of risks to recovery
But the new budget is also coming under fire in some quarters for cutting too much since lower spending will hurt growth in the short term, just as the country is emerging from recession and with unemployment at 11 percent. Eric Heyer, an economist with the French Observatory for Economic Forecasts, says the budget is moving in the right direction, but that spending cuts are still not advisable since the economy remains in trouble. He estimates that spending cuts and tax increases both in France and around Europe will shave 1.3 percent off Frances economic growth next year. Still, the observatorys forecast is among the most positive at a 1.3 percent increase in GDP. The consensus is somewhere just below 1 percent; the French government built its budget around a 0.9 percent estimate. Heyer cautions that a return to growth doesnt mean France is rebounding. We cant talk about a recovery as long as economic growth is around 1 percent, he said. Since today, we produce less than five years ago, we are still in recession. Thats the real definition of a recession. The real rebound will be when we have a production level well above 2007 and when the economy has started to create jobs again. Thats not in the governments scenario. Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics in Washington, notes France has escaped the financial crisis without the explosions of unemployment and deep recessions seen in Southern Europe. But that also means it no longer has the motivation to make the real, deep reforms it also avoided.
France expects U.N. council to agree on Syria arms measure
EDT September 22, 2013 France point guard Tony Parker throws a pass over the defense of Lithuania’s Mantas Kalnietis, right, during the Eurobasket 2013 title game. (Photo: Darko Bandic, AP) France beat Lithuania 80-66 Sunday in Eurobasket 2013 title game in Ljubljana, Slovenia Tony Parker won tournament MVP for leading France to first major international basketball title Nicolas Batum had team-high 17 points for France, while Linas Kleiza had 20 for Lithuania SHARE 70 CONNECT 23 TWEET 1 COMMENTEMAILMORE LJUBLJANA, Slovenia (AP) Tony Parker finally has an international title to go with his three NBA rings although it was his France teammates who stole the spotlight in the European championship final. With Parker having a quiet game for once, Nicolas Batum and Boris Diaw provided the scoring as France won its first major basketball title by beating Lithuania 80-66 on Sunday. It was a victory that ended a decade of frustration for Parker and a talented French generation, which lost the final against Spain two years ago and took bronze in 2005. “It’s been an unbelievable journey chasing this title,” Parker said. “I would change nothing.” The San Antonio Spurs guard led France to the under-18 world championship title in 2000, and said he made a promise back then that he would give the senior team its first international success as well. Thirteen years later, it’s mission accomplished. “I went to everyone’s room last night in the hotel and I told them that there was no way we were going to lose this game,” Parker said. France broke open a close game by finishing the third quarter with a 14-0 run that kept Lithuania scoreless for four minutes. The French lead grew to 22 points with three minutes remaining in the third and Lithuania never came close to a comeback. Batum had 17 points and Diaw added 15, while Linas Kleiza led Lithuania with 20. Parker finished with 12 points, after scoring just four through the first three quarters. But his scoring and leadership during the run to the final including 32 points against defending champion Spain in the semifinals earned him the tournament MVP award.
Security Council to agree on a resolution to enforce the chemical weapons deal with Syria and appeared to back off French calls for the measure to threaten force against President Bashar al-Assad. Syria’s civil war is a top agenda item as world leaders gather this week for the annual U.N. General Assembly. Envoys from the five big U.N. powers – the United States, Britain, France, Russia and China – have been meeting to negotiate a resolution to back the U.S.-Russian deal reached in Geneva this month to remove Syria’s chemical weapons by June 2014. Some U.N. diplomats have expressed concern about whether agreement on a resolution is possible in the face of sharp ongoing differences on the Security Council. France has been out front in calling for Assad’s government to face punitive measures if it fails to live up to the terms of the agreement, with an initial French draft Security Council resolution calling for issuing an ultimatum to Damascus to comply. But with Western powers giving up on what U.N. diplomats call a “trigger” clause for automatic punitive measures in the event of Syrian non-compliance, prospects for an agreement between Russia and the West on a draft resolution may be improving. U.N. diplomats told Reuters on condition of anonymity that all discussions on the draft resolution were on hold until a bilateral meeting on Tuesday between U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov at which Syria will be among the topics of discussion.
France investigates Apple contracts with telcos – report
An administrative body known as the DGCCRF, which is tasked with consumer protection and assuring competition, is looking into a variety of clauses in Apple’s contracts with mobile operators, including sales volume requirements, advertising restrictions, and commissions given to sales staff. Operators such as France’s Orange and Vivendi’s SFR have often complained in private about the sway that Apple holds in negotiations since no operator could afford not to have the iPhone in its line-up. The DGCCRF declined to comment on the report. Apple France did not respond to a request for comment. Apple’s French office were also searched in July by antitrust regulators from the Competition Authority, which is investigating the firm’s relationship with its wholesalers. Les Echos newspaper said at the time that the competition watchdog was also looking into the way Apple sells products on its App Store where consumers can buy everything from newspapers to video games. In March, it also emerged that the European Union is looking into potential antitrust violations involving the distribution of Apple iPhones and iPads, after receiving what sources said were informal complaints from telecoms operators. (Reporting by Leila Abboud and Noelle Mennella) @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes.