France tries again. (Dassault Industries and Alcatel Alsthom plan a joint bid for Thomson-CSF if France privatizes the defense firm; includes other international business news)(Brief Article)
Economist (US), The, March, 1997
Alcatel Alsthom and Dassault Industries are to make a joint bid for Thomson-CSF after the French government launched a second attempt at privatising the defence-electronics unit of Thomson SA. The government brought in Thierry Breton of Groupe Bull to get the holding company and its other unit, Thomson Multimedia, into shape before any sale. The proposed sale of the multimedia unit to Daewoo of South Korea scuppered the sale of the whole group last year.
The World Bank issued a report urging an end to subsidies on fossil fuels, which increase global warming and pollution. Coal, the worst offender, is still heavily used in China, India, the ex-Soviet Union and Eastern Europe, though Russia and China have made big cuts in subsidies. Oil and gas producers are least...
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