Good evening everyone. We are the Wednesday July 30, 2025.
📰 Among the news to remember: Renault appointed his new director: François Provost. Emmanuel Macron called l’Europe to renegotiate a accord commercial With more firmness against the United States. Finally, INSEE announced that France has experienced a growth of 0,3 % in the second quarter. On the side Americanthis growth is much stronger than expected since it appeared at 3 % in the second quarter.
Good evening and good reading 👋
Renault names François Provost at his head
Renault announces the appointment of its François Provost purchasing director as a new managing director to succeed Luca de Meo, who left to take the lead of the Luxury Kering group. This appointment will be effective from July 31, the French car manufacturer said in a press release.
Little known to the general public, François Provost notably piloted the transformation plan of the French car manufacturer revealed by Luca de Meo during the Market Day capital in November 2022.
👉 Our portrait of François Provost: Renault: François Provost, a house manager to reassure the markets
Macron calls on Europeans to be “feared” by Donald Trump
Emmanuel Macron went back against Brussels. After acceptance by the EU of an American customs right of 15 % on European goods, the French president has faded on the table. In the Council of Ministers, he said that the European Union has not been fear enough in its commercial negotiations.
« To be free, you have to be feared. We were not enough feasts “, He said according to comments reported by participants. “” France has always held a position of firmness and requirement. She will continue to do so. This is not the end of the story and we will not stay there “, He added.
France does not exclude taxing American services
There is ” No taboo to have » In order for exchanges with the United States to be rebalanced by taking into account the services, for its part, said Laurent Saint-Martin, Minister French delegate in charge of foreign trade, after the United States trade agreement relating only to goods.
“If Donald Trump’s will was to rebalance the balance of goods, then I believe that there is no taboo to have on the balance of services as well”which is surplus in favor of the United States, he after a meeting in Bercy with the economic sectors concerned by the trade agreement. A possible tax on American services could concern the GAFAM. A threat to weigh in negotiations? “What we push very clearly is an exemption for the sector (…) wines and spirits, in addition to aeronautics”he added.
French growth does better than expected at +0.3 % in the second quarter
Good news for France! France’s economic growth reached 0.3 % in the second quarter, has just announced INSEE by publishing its first estimate for the period. This moderate increase in gross domestic product (GDP) between April and June, in a very uncertain national and international context, is greater than the forecast of the National Statistics Institute, which anticipated growth of 0.2 % after +0.1 % in the first quarter. The good dynamic of the second quarter comes from stocks and a slight rebound in household consumption.
« The 0.3 % growth that we have in the second quarter shows, while customs duties were already applied, that they resist this situation “Said Eric Lombard, Minister of the Economy on RTL.
US growth stronger than expected
Economic activity has increased by 3 %in annualized rhythm, in the second quarter to UNITED STATESlargely above expectationsthanks in particular to a sharp drop in imports and good resistance of household consumption, according to data published by the Commerce Department.
From one quarter to the other, American GDP has progressed 0,7 %. The first quarter of 2025 was marked by a contraction of 0.5 % at an annualized rate due to a sharp increase in imports before the establishment of customs duties wanted by Donald Trump.
Trump calls on the Fed again to lower its rates
The showdown between Jerome Powell and Donald Trump Continue. The American president called this Truth social network this Wednesday, the Federal reserve (Fed) has lower its interest rates In the wake of the publication of the growth data of the American economy, which exceeded expectations.
« “Too late” (the nickname given to the president of the Fed Jerome Powell, editor’s note) must now lower interest rates! “Wrote the billionaire, believing that American growth in the second quarter, at 3 % in annualized pace, justified such a decision, while the Fed must announce in the day whether or not it decides to act on the rates.
The results season is in full swing
Here are the main results of the companies published after the closing of the market:
– the net profit of ADP Group Fall of 72 % in the first half due to foreign exchange and taxation
– the net profit ofAirbus jumped 85 % to 1.5 billion euros in the first half, exceeding expectations.
(Watch made with AFP and Reuters)
Maxime Directed & Raphael Melka
