Paris — President Emmanuel Macron’s campaign for a "French Renaissance" was poised to kick into overdrive on Monday as he prepared to welcome 140 multinational business leaders before this week’s jamboree of the rich and powerful in Davos. The business-friendly president was scheduled to host executives at the Versailles chateau for an event billed as a warm-up for Tuesday’s opening of the World Economic Forum. Several firms will use the conference to announce major French investments, with Facebook revealing on Monday that it would pour an extra €10m into its artificial intelligence centre in Paris. Japan’s Toyota is also due to reveal details of its €400m enlargement of its Onnaing car factory in northern France — which Macron visited before the Versailles summit — with Les Echos newspaper reporting the move will bring 700 jobs. A former investment banker, Macron has vowed to shake the economy out of its torpor. In his first months in office he pushed through reforms to rigid labo...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.