Home/FX/Newsfeed

French Oil, Nuclear and Port Unions Join Strike

Share Print 0

France is being hit by serious disruption as unions lead strike action at oil refineries, nuclear power stations, ports and transport hubs.
Motorways, bridges and tunnels have been blockaded, and flights and rail services affected.

Nuclear power production has slowed, and fuel remains in short supply.
PM Manuel Valls has again insisted that labour reforms at the heart of the dispute would not be withdrawn, but suggested they could be “modified”.
The French government is under increasing pressure to give ground as the country prepares to host the Euro 2016 championships in two weeks’ time, correspondents say.

The unions have called for rallies in most major cities.
Hundreds of workers marched into the port city of Le Havre, in Normandy, having blocked off the nearby Bridge of Normandy.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top