macron hosts 140 ceos in predavos charm offensive
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

before this week's jamboree of the rich

Macron hosts 140 CEOs in pre-Davos charm offensive

Arab Today, arab today

Arab Today, arab today Macron hosts 140 CEOs in pre-Davos charm offensive

French President Emmanuel Macron.
Paris - Arab Today

President Emmanuel Macron's campaign for a "French Renaissance" kicks into overdrive Monday as he welcomes 140 multinational business leaders before this week's jamboree of the rich and powerful in Davos.

The business-friendly president will host executives at the grand Versailles chateau near Paris for an event billed as a warm-up for Tuesday's opening of the World Economic Forum in the Swiss mountains.

Several firms will use the conference to announce major French investments, with Facebook revealing early Monday that it will pour an extra 10 million euros ($12.2 million) into its artificial intelligence centre in Paris.

Japan's Toyota is also due to reveal details of its 400 million euro ($490 million) enlargement of its Onnaing car factory in northern France, with Les Echos newspaper reporting the move will bring 700 new jobs.

A former investment banker, Macron has vowed to shake the French economy out of its torpor with corporate tax cuts and reforms to the country' famously rigid labour laws.

Economic growth has been forecast to remain at a relatively weak 1.7 percent for both 2017 and 2018, although figures have been ticking up in recent months.

A survey by the US Chamber of Commerce and consultancy Bain & Company in November found a record 72 percent of US investors were optimistic about the French economy, a huge hike against 30 percent in 2016.

- 'Choose France' -

Macron's predecessors have held similar gatherings of CEOs, but the scale of his "Choose France" conference goes far beyond those hosted by Francois Hollande or Nicolas Sarkozy.

The Socialist Hollande hosted 34 world business leaders in 2014, while rightwinger Sarkozy rolled out the red carpet for 25 in 2011.

"We've taken advantage of the fact that economic leaders are coming to Europe by inviting 100 CEOs of the biggest world companies and developing 100 projects with them for France," the presidency said.

Macron will be flanked by 15 ministers at the conference, which comes the night before leaders from 60 countries and 1,700 businesses start descending on Davos for the world's most exclusive talking shop.

The French president himself takes to the stage in Davos on Wednesday, where he is set to cut a contrasting figure with that of US President Donald Trump.

While Trump campaigned on an anti-elitist platform that railed against globalisation, Macron has defended globalisation, though he will call for a more balanced form of it in his Davos speech.

The 40-year-old centrist has been carving out an active role on the world stage since winning the French presidency last May, and will use his speech to "propose his international vision for the world of tomorrow", his team said.

The speech will touch on three major challenges, according to Macron's office: growing inequality, the need for better environmental protection, and global governance in the face of nationalism and extremism.

He is due to speak the same day as German Chancellor Angela Merkel and two days before Trump -- although officials have warned that the US government shutdown could scupper the president's plans to attend.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

macron hosts 140 ceos in predavos charm offensive macron hosts 140 ceos in predavos charm offensive

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

macron hosts 140 ceos in predavos charm offensive macron hosts 140 ceos in predavos charm offensive

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 13:27 2018 Tuesday ,11 December

France and the crisis of democracy

GMT 04:16 2016 Monday ,03 October

Oops! Gigi Hadid takes a tumble on Paris ramp

GMT 12:26 2016 Thursday ,02 June

Israel wards off looters of antiquity high

GMT 00:46 2017 Saturday ,04 February

Visa ban is sovereign decision of US

GMT 15:31 2017 Saturday ,09 September

Marrakesh to Host Business Aviation Expo September 12-13

GMT 18:01 2017 Wednesday ,26 April

A study on building new airport in Tunisia

GMT 15:56 2017 Monday ,23 January

Sudan’s Al-Bashir heads for Saudi Arabia

GMT 11:14 2016 Sunday ,25 December

Aleppo city is one, no more west, or east

GMT 14:33 2018 Wednesday ,12 December

Political turbulence likely to continue unabated in 2019

GMT 12:38 2016 Sunday ,18 September

10 people missing after boat capsizes in Nepal

GMT 01:30 2017 Sunday ,19 February

Kuwaiti women express optimism ahead of elections

GMT 22:05 2017 Friday ,11 August

Saudi-Tunisian cooperation boosted
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday