5 business news of note this Tuesday morning (Renault/Nissan, Stability Pact, solar, North Korea, Post Bank)

The Renault-Nissan alliance: a two-speed trajectory

Renault today announced an increase in its first quarter sales of 2.6% compared to the first quarter of 2023 and confirms its financial targets for the year. The results contrast with those of its partner, Nissan, which last week revised down its profit and sales forecasts for 2024. Details.

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Stability Pact: MEPs are set to approve amendments to EU budget rules

Parliamentarians, meeting in a debate session in Strasbourg, must approve this Tuesday an amendment to the European Union’s budget rules intended to ensure the recovery of Member States’ public funds while preserving investment. If the left condemns the return of violence, the text should be passed easily.

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Solar energy: Joe Biden unveils $7 billion subsidy program

The President of the United States revealed on Monday the allocation of 7 billion dollars in grants intended for solar housing projects, as part of the fight against climate change. The announcement kicks off a week of activities aimed at promoting the record of the Joe Biden administration, campaigning for re-election, on climate change.

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North Korea: Kim Jong Un oversaw the country’s first “nuclear attack”.

North Korea’s leader presided over military exercises simulating a “nuclear attack”, North Korea’s state agency KCNA reported on Tuesday. The simulation is in response to the annual US-South Korean air training exercise taking place from April 12 to 26 at Kunsan air base, South Korea.

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Ecological transition: La Banque Postale will launch green and social time deposits (DAT)

EXCLUSIVE. According to our information, Post Bank is preparing to sell green or social time deposits (DAT) to associations, social housing owners and also to local public companies. Like Crédit Coopératif or Caisse d’Epargne, the bancassurance subsidiary is based on its experience in green and social credit. Projects still need to be found. Details.

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