France says it cannot save contraceptives US plans to destroy

France said Friday it could not seize $9.7 million worth of women’s contraception products that the United States plans to destroy, after media reports suggested the stockpile would be incinerated in the country.The contraceptives were purchased by the US foreign aid agency USAID under former president Joe Biden to be provided to women in some of the world’s poorest countries, particularly in sub-Saharan Africa.But Donald Trump’s administration, which has dismantled USAID since Trump succeeded Biden in January, confirmed last month it intends to destroy the contraceptives being stored in a warehouse in the Belgian city of Geel.According to several media reports, the unexpired products were to be incinerated in France at the end of July by a company that specialises in destroying medical waste.France’s government has come under pressure to save the contraceptives, with women’s rights groups calling the US decision “insane”.But the health ministry told AFP that “unfortunately there is no legal basis” for French or even European health authorities to intervene to recover the stockpile.”Since contraceptives are not drugs of major therapeutic interest, and in this case we are not facing a supply shortage, we have no means to requisition the stocks,” it added.The ministry also said it had no information on where the contraceptives would be destroyed.- Where are they?  -It remains unclear where the contraceptives currently are — or even if they have already been destroyed.French women’s rights group Family Planning told AFP on Thursday they had been informed that the boxes had started being moved out of the Belgian warehouse 36 hours earlier.”We do not know where these trucks are now — or whether they have arrived in France,” the group’s head Sarah Durocher said, calling on incineration companies to “oppose this insane decision”.Exactly which company could be responsible for incinerating the products has also not been revealed.French company Veolia, which had been rumoured as a contender, confirmed to AFP that it has a contract with the US firm Chemonics, USAID’s logistics provider. However the company emphasised that the contract only covers “expired products, which is not the case for the stockpile” in Belgium.The products, which include IUDs, implants and birth control pills, are reportedly up to five years away from expiring.Belgium’s foreign ministry told AFP earlier this week that it “is exploring all possible avenues to prevent the destruction of these products, including temporary relocation solutions”.- ‘Senseless’ -The US decision has provoked an outcry in France.”Can France accept to become the executor of a senseless policy imposed by the US?” said an opinion piece by five NGOs in the French newspaper Le Monde on Friday.Among the signatories was MSI Reproductive Choices, one of several organisations that have offered to purchase and repackage the contraceptives at no cost to the US government. All offers have been rejected.Last week, Democratic Senator Jeanne Shaheen pointed to the Trump administration’s stated goal of reducing government waste, saying the contraceptives plan “is the epitome of waste, fraud and abuse”.Shaheen and Democratic Senator Brian Schatz have introduced a bill aiming to prevent further US aid being wasted.A US State Department spokesperson told AFP earlier this week that the destruction of the products would cost $167,000 and “no HIV medications or condoms are being destroyed”.The spokesperson also pointed to a policy, reinstated by Trump earlier this year, which prohibits providing aid to non-governmental organisations that promote or perform abortions.The NGO Doctors Without Borders, which has slammed the US plan as “unconscionable”, has pointed to reports that there is another warehouse with USAID-purchased contraceptives in the United Arab Emirates.A study published in The Lancet medical journal in June estimated that more than 14 million of the world’s most vulnerable people could die as a result of the USAID cuts.Last month, the US also incinerated nearly 500 metric tons of high-nutrition biscuits that had been meant to keep malnourished children in Afghanistan and Pakistan alive.

La Bourse de Paris recule après la hausse des droits de douane et du chômage aux Etats-Unis

La Bourse de Paris a fortement reculé vendredi, sous le poids des hausses de droits de douane officialisées par Donald Trump aux Etats-Unis et de signes de dégradation du marché de l’emploi dans la première économie mondiale.Le CAC 40 a perdu 2,91% à 7.546,16 points, en recul de 225,81 points. Sur l’ensemble de la semaine l’indice vedette parisien a reculé de 3,68%.”Les droits de douane et les chiffres moroses de l’emploi aux Etats-Unis pèsent sur le moral des investisseurs”, a résumé Kathleen Brooks, analyste pour XTB.Le président américain Donald Trump a signé jeudi le décret fixant le montant des nouveaux droits de douane qui toucheront plusieurs dizaines de pays, allant de 10% à 41%, bousculant l’ordre économique mondial.Les produits de l’Union européenne (UE), du Japon et de Corée du Sud seront taxés à hauteur de 15%, ceux du Royaume-Uni à 10%. Le Canada voit les droits de douane appliqués à ses produits passer finalement de 25% à 35%, sauf s’ils sont couverts par l’accord de libre-échange entre les trois pays d’Amérique du Nord.Ces annonces provoquent “une inquiétude croissante sur les marchés”, d’autant qu’à “tout moment, Trump peut revenir dessus”, explique à l’AFP Christopher Dembik, conseiller en investissement pour Pictet AM.A cela s’est ajoutée, à la mi-séance, la publication d’un rapport sur l’emploi aux Etats-Unis, première économie mondiale, qui a fait état d’une dégradation du marché du travail dans le pays, faisant craindre un ralentissement économique.Surtout, les créations d’emplois pendant les mois de mai et de juin ont été fortement révisées à la baisse. Les chiffres corrigés (19.000 en mai et 14.000 en juin) s’affichent ainsi au plus bas depuis la pandémie de Covid-19. Cette publication “contredit le discours sur la résilience de l’économie américaine” face à la politique protectionniste de Donald Trump, relève Kathleen Brooks.Enfin, les investisseurs parisiens ont dû digérer plusieurs résultats décevants.Teleperformance dégringoleLe géant mondial des centres d’appels Teleperformance a plongé de 20,65% à 68,02 euros, au lendemain de la publication de ses résultats du premier semestre faisant état d’une nette baisse de son bénéfice.Axa à la peineL’assureur Axa a chuté de 7,85% à 39,33 euros, après la publication d’un bénéfice net en repli de 2% sur le premier semestre.Profits en baisse pour Saint-GobainLe géant français des matériaux de construction Saint-Gobain (-9,29% à 90,98 euros) a annoncé jeudi une baisse de 1,9% de son bénéfice net au premier semestre, liée à une hausse des impôts sur les résultats.Engie sans énergieL’action du groupe d’énergie Engie a cédé 2,45% à 19,15 euros. Sur le premier semestre 2025, l’entreprise a dégagé un bénéfice net récurrent en repli de 19% à 3,1 milliards d’euros.

Stocks sink on Trump tariffs, US jobs data

Stock markets dived Friday after US President Donald Trump announced tariffs on dozens of trading partners and weak US jobs data fuelled the fall.Wall Street’s Dow Jones index dropped more than 1.2 percent, while Paris and Frankfurt tumbled nearly three percent lower.The dollar gave up earlier gains against key currencies while oil prices plunged on fears that a weakening US economy would sap demand.Trump on Thursday unveiled his latest list of sweeping levies on about 70 economies, taking tariffs to their highest levels since the 1930s as he seeks to reshape global trade to benefit the United States.Hours later, the US Labor Department said the US economy added just 73,000 jobs in July — well below market expectations — while revising down the figures for May and June.”The US payrolls data has eclipsed news about the latest tariff rates applied to the world’s economies by Donald Trump, and is now dominating markets,” said Kathleen Brooks, research director at XTB trading group.Earlier, she noted, tariffs had been “the main theme sucking risk sentiment from financial markets”.Economists have warned that high tariffs — touted by Trump as a way to boost US industry — could fuel inflation in the United States and harm its economy.Data on Friday showed US unemployment ticked up to 4.2 percent from 4.1 percent.”The slowdown in jobs started in early Q2 (second quarter) when reciprocal tariffs were announced” at the start of Trump’s initiative, Fawad Razaqzada, market analyst at City Index and FOREX.com, told AFP in an email.”Companies expecting margins to be squeezed by higher duties probably thought twice about hiring workers in order to keep costs down. So, the US labour market has been losing steam fast, undoubtedly due to tariff concerns.”The US Federal Reserve this week held interest rates unchanged, despite massive political pressure from the White House to cut.”The market now seems to think that two months’ worth of weak labour market data is enough for some rapid rate cuts from the Fed” in the coming months, Brooks said.- Blistering tariff rates -Trump has delayed implementation of the tariffs several times — the latest move pushing them back a week to August 7.Some trading partners have reached deals with the United States — including Britain, the European Union, Japan and South Korea. China remains in talks with Washington to extend a fragile truce in place since May that is due to expire on August 12.For those targeted in the latest round, tariff rates range from 10 percent to 41 percent — including a blistering 35-percent rate on Canada and 39 percent on Switzerland.Tariff uncertainty overshadowed earnings from major tech titans this week.In Frankfurt, “even exceptionally strong earnings from Microsoft are failing to provide a boost to the broader market,” said Jochen Stanzl, Chief Market Analyst at CMC Markets.- Key figures at around 1545 GMT -New York – Dow: DOWN 1.2 percent at 43,594.42 pointsNew York – S&P 500: DOWN 1.4 percent at 6,250.54 New York – Nasdaq: DOWN 1.9 percent at 20,731.65London – FTSE 100: DOWN 0.7 percent at 9,068.58 (close) Paris – CAC 40: DOWN 2.9 percent at 7,546.16 (close)Frankfurt – DAX: DOWN 2.7 percent at 23,425.97 (close)Tokyo – Nikkei 225: DOWN 0.7 percent at 40,799.60 (close)Hong Kong – Hang Seng Index: DOWN 1.1 percent at 24,507.81 (close)Shanghai – Composite: DOWN 0.4 percent at 3,559.95 (close)Euro/dollar: UP at $1.1552 from $1.1421 on ThursdayPound/dollar: UP at $1.3259 from $1.3208Dollar/yen: DOWN at 148.07 yen from 150.68 yenEuro/pound: UP at 87.13 pence from 86.43 penceWest Texas Intermediate: DOWN 2.6 percent at $67.45 per barrelBrent North Sea Crude: DOWN 2.71 percent at $69.76

International crew bound for space station

NASA and SpaceX launched a four-member crew to the International Space Station (ISS) on Friday for the latest research expedition to the orbiting laboratory.American astronauts Zena Cardman and Mike Fincke, Japan’s Kimiya Yui, and Roscosmos cosmonaut Oleg Platonov lifted off at 11:43 am aboard a SpaceX Crew Dragon capsule mounted on a Falcon 9 rocket from Kennedy Space Center in Florida.The capsule, named Endeavour, has previously flown four NASA missions as well as a private mission.The Crew-11 mission marks the 11th crew rotation mission to the ISS under NASA’s Commercial Crew Program, which was created to succeed the Space Shuttle era by partnering with private industry.As part of their six-month stay, the Crew-11 astronauts will simulate Moon landing scenarios that could be encountered near the lunar South Pole under the United States-led Artemis program.Using handheld controllers and multiple display screens, they will test how shifts in gravity affect astronauts’ ability to pilot spacecraft, including future lunar landers.Continuously inhabited since 2000, the ISS functions as a vital testbed for research that supports deeper space exploration — including eventual missions to Mars.Among Crew-11’s more colorful cargo items are Armenian pomegranate seeds, which will be compared to a control batch kept on Earth to study how microgravity influences crop growth.The ISS is set to be de-commissioned after 2030, with its orbit gradually lowered until it breaks up in the atmosphere over a remote part of the Pacific Ocean called Point Nemo, a spacecraft graveyard.Dmitry Bakanov, the head of Russia’s space agency Roscosmos has been holding talks with NASA’s acting administrator Sean Duffy this week about the station’s future.When US-Russia relations nosedived at the start of the Ukraine war, Russia threatened to pull out of ISS cooperation early. But on Thursday, Bakanov confirmed Russia remained committed to de-orbiting in 2030.Â