Daily Archives: July 10, 2014

As François Hollande’s socialist government has taken a distinct turn to the right under Manuel Valls, his reformist prime minister, many have questioned the role of Arnaud Montebourg, champion of the left, fierce critic of globalisation and scourge of corporate bosses, both French and foreign.

Rumours have circulated in the French media that Mr Montebourg, promoted to economy minister when Mr Valls was appointed at the end of March, might soon quit the government to position himself for a potential presidential tilt in 2017 if Mr Hollande fails to recover from his current rock-bottom ratings. 

For those expats bemoaning the cost of a burger in Geneva or rent in Tokyo, it could be worse. They could be living in Luanda.

The tight supply of international standard housing in Luanda has put the Angolan capital top of the list of the most expensive cities in the world, according to a survey by consultants Mercer of the costs of living abroad. It held the same position last year as the oil boom continues to suck in expats.