William Horobin

Paris

Reporter at Bloomberg News

Economics reporter for Bloomberg. All views are my own.

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Articles

French Manufacturing Confidence Unexpectedly Dips in June

1 week ago | bloomberg.com | William Horobin

Employees work on a tramway production line in Bagneres-de-Bigorre, France. (Bloomberg) -- French manufacturing confidence fell unexpectedly in June, adding to warning signs for an economy already struggling to keep pace with European peers. National statistics agency Insee’s measure of sentiment in industry fell to 96 from 97, while economists surveyed by Bloomberg had forecast a one-point improvement.
Eutelsat Raises €1.35 Billion to Build Europe’s Starlink Rival

1 week ago | bloomberg.com | Jillian Deutsch |William Horobin

An Eutelsat satellite dish array in France. (Bloomberg) -- Eutelsat Communications SA is raising €1.35 billion ($1.5 billion) from the French government and other investors in a deal that will help the European company build out its fleet of satellites as an alternative to Elon Musk’s Starlink.
ECB's Villeroy Says If Policy Needs to Change, Loosening More Likely

1 week ago | financialpost.com | William Horobin

Advertisement 1The European Central Bank is more likely to further loosen policy if it makes a move in the coming months, as it seeks to remain agile after returning inflation to target, Governing Council member Francois Villeroy de Galhau said.
ECB’s Villeroy Says If Policy Needs to Change, Loosening More Likely

1 week ago | bloomberg.com | William Horobin

The European Central Bank is more likely to further loosen policy if it makes a move in the coming months, as it seeks to remain agile after returning inflation to target, Governing Council member Francois Villeroy de Galhau said.
France’s Economy Is Falling Behind as Europe Gradually Recovers

1 week ago | bloomberg.com | William Horobin

Tourists in the Tuileries garden in Paris. (Bloomberg) -- France’s economy is falling behind the rest of Europe with weakness across the board — just as uncertainty over budget cuts looks set to return, according to the statistics office. The 0.6% increase in gross domestic product in 2025 will be less than the euro-area average for the first time in three years, Insee forecasts published Wednesday show. After rising just 0.1% in the first quarter, GDP will advance 0.2% in each of the next three.
ECB Should Watch Oil Price, Euro in Setting Rates, Villeroy Says

1 week ago | bloomberg.com | Irina Anghel |William Horobin

The European Central Bank needs to assess fluctuations in oil prices and the euro as it sets borrowing costs, according to Governing Council member Francois Villeroy de Galhau. While the ECB doesn’t target a particular exchange rate, the common currency has demonstrated surprising strength against the dollar since President Donald Trump began his tariff push. Energy prices, meanwhile, jumped after Israel launched attacks on Iran.
ECB’s Villeroy Says No Fixed Position on Future Rate Decisions

2 weeks ago | bloomberg.com | William Horobin

Francois Villeroy De Galhau(Bloomberg) -- European Central Bank Governing Council member Francois Villeroy de Galhau said he has no fixed position on future interest rate moves and that decisions will depend on data. “For future rates, we’ll see depending on how inflation evolves,” he told Franceinfo radio on Thursday.
Bank of France Cuts Growth Forecasts as Trade Tensions Hit

2 weeks ago | bloomberg.com | William Horobin

The Bank of France cut its economic-growth and inflation forecasts through 2027 as the fallout from US tariffs dulls activity in Europe. The central bank now sees the euro area’s second-largest economy expanding 0.6% this year and 1% in 2026, while in March it forecast 0.7% and 1.2%. It also trimmed its 2027 prediction by 0.1 point to 1.2%.
ECB Can Still Move Quickly to Adjust Rates, Villeroy Says

2 weeks ago | bloomberg.com | William Horobin

Francois Villeroy de Galhau(Bloomberg) -- The European Central Bank could still move quickly to adjust interest rates even after an eighth successive cut “normalized” monetary policy, according to Governing Council member Francois Villeroy de Galhau. “Since last Thursday, we have been in the favorable ‘2 and 2’ zone, with inflation forecast at 2% this year – which is our target – and our key rate at 2%,” the French official told a Europlace conference in Paris on Tuesday.
France's Finance Minister Is the Calm Hand Macron Needs Now

2 weeks ago | financialpost.com | William Horobin

Advertisement 1Eric Lombard is deploying his deal making skills to avert political turmoilArticle content(Bloomberg) — In the ministry where Emmanuel Macron began his imperious transformation of France’s economy and politics, Eric Lombard is quietly refashioning the president’s project into a humbler, more careful enterprise.