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France hopes for 'ambitious' growth in budget plan
France hopes for 'ambitious' growth in budget plan
Business and Economy
by  AFP

The French government on Wednesday presented a budget plan based on a buoyant growth prediction that raised eyebrows at France's public finance watchdog. Pierre Moscovici, a former finance minister and now head of the independent HCFP watchdog that checks the realism of government predictions, called the forecast gap "big, very big" during a senate hearing.

Decarbonising shipping to cost over $100 bn per year: UN
Decarbonising shipping to cost over $100 bn per year: UN
Business and Economy
by  AFP

The UN called for rapid decarbonisation of the shipping industry on Wednesday, warning that the price tag could top $100 billion a year as the sector's emissions continue to swell. And even more investments -- as much as $90 billion -- would be needed each year to develop the necessary infrastructure for 100 percent carbon neutral fuels by then, it said.