France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.

PARIS/BRUSSELS — France is pushing to delay EU rules requiring companies to report on their environmental footprint and exposure to climate risk and to check that their suppliers comply with environmental and forced labor rules.

The fledgling Paris government is “trying their best” to get a budget through parliament after a previous version sunk its predecessor.

The European Union is facing mounting pressure to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.

European Union finance ministers will approve French Prime Minister Francois Bayrou's deficit-cutting plan on Tuesday as it complies with the EU's recommendations to bring the French deficit below 3% of GDP by 2029,

The European Commission is investigating the extent to which EU rules on crypto assets protect the redemption rights of the bloc's investors in identical e-money tokens (EMTs), the value of which is pegged to that of a single official currency.

But only a proper budget would help reduce France’s deficit and allow key expenses such as defense measures needed amid the war in Ukraine or aid promised to angry farmers. Financial markets, ratings agencies and the European Commission are pushing ...

The delay in taking a decision may reflect the political sensitivity of the issue. France, which has a highly centralised power system, is resisting the idea of splitting its power markets. In Germany, the electricity-hungry south with few wind turbines fears having to pay a premium for wind power from the north.

PARIS: The European Union (EU) tells France its plan for slower deficit reduction next year is still within the bloc’s rules, handing Francois Bayrou ’s government a reprieve in its battle to repair creaking public finances.

Pharma: Launch of Shortages Monitoring Platform, several Changes re Clinical Trial Management in EU Countries; Devices: Resolution on the need

French officials are calling for a major reworking of the European regulatory framework, starting with ESG rules, to address the bloc’s flailing global competitiveness.The simplification process must start with “a massive regulatory pause,

BRUSSELS ― The European Commission has endorsed the new French government's updated spending plan in a boost to Prime Minister François Bayrou, two diplomats told POLITICO.