World news: Republicans drop debt proposal in House, Dublin move...

 
 
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Tuesday October 15 2013
 
 
World News
 
Republicans drop debt proposal in House
 
John Boehner, the Republican speaker, had to emerge from a closed-door meeting with his party members without any concrete plan to solve the crisis
 
 
 
Dublin moves to close Apple tax loophole
 
 
Fresh approach by Iran to resolve crisis
 
 
Osborne cements London as renminbi hub
 
 
China urged to toughen foreign policy
 
 
Ireland unveils tax rises and further cuts
 
 
Refugees tangled in US shutdown
 
 
New party challenges ANC in South Africa
 
 
Renewable energy costs stoke German debate
 
 
Myanmar bombings spark reform fears
 
 
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The World
 
François Hollande's cold shower
 

François Hollande (Getty)

François Hollande's Socialist government is desperate to get across a message, not least to foreign investors, that France's economy is in recovery mode and that it is now set to start reducing the heavy tax burden it has heaped on companies.

This sunny prospect received a cold shower on Tuesday in the form of a survey of American businesses in France.

Although respondents saw some improvement in economic conditions over the next two years after a worse-than-anticipated 2013, only 19 per cent expected to increase employment, while 26 per cent said they would be reducing jobs.

More worrying for Mr Hollande, the survey showed a sharp slide in the perception of France as a good place to invest.

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