In today’s press review, we look at Dubai’s main investment company that announced a $59 billion debt.
Le Figaro talks about “panic spreading in the markets”. Dubai’s main investment company has a debt of almost $60 billion and it has asked for more time to repay its creditors.
As a result, global stock markets were affected: CAC 40, DAX and FOOTSIE were down by more than 3%.
The business newspaper Les Echos says the “mirage is over”, it’s time for a reality check. Construction has been the worst hit, according to the paper. Most building works have been put on halt.
Meanwhile, the Christian newspaper La Croix reports on a story that shocked Ireland.
“Irish Bishops accused of hushing up sex abuses”, reads the title. A report accuses dozens of priests of pedophilia, with hundreds of children affected. La Croix describes this as a “terrible scandal” and calls for “an end to secrecy”.
In other news, France Soir does the portrait of a French con artist and Le Figaro reveals ticks could become the man's new best friend.