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BUSINESS DAILY

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

Latest update : 2013-11-01

RBS to create internal 'bad bank' for €45 billion of toxic loans

Royal Bank of Scotland, which is 81% owned by the UK government, announces it is to create an internal ‘bad bank’ for around €45 billion worth of toxic loans. Plus, 20 years after the Maastricht Treaty paved the way for the creation of the euro, Europeans are less enthused by the idea of closer integration.

By Stephen Carroll

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2017-05-26 oil

Oil tumbles on disappointment over OPEC output cut

Oil prices have dropped after OPEC's decision to extend an output cut by nine months fell short of investor expectations. Also today, we look at how Egyptians are struggling to...

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2017-05-25 oil

OPEC looks set to extend production cut

The OPEC cartel of oil-producing nations is expected to extend last year's deal to cut production, this in an effort boost oil prices. Meanwhile, here in France, there's some...

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2017-05-24 China

China's credit rating cut over debt worries

China's credit rating has been downgraded by Moody's over fears of rising debt in the world's second-largest economy. We get the latest reaction from our correspondent in...

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2017-05-19 Greece

Greek government trades austerity for bailout, again

Despite public opposition, Greece's parliament has approved new austerity measures in an effort to convince its creditors to unlock 7.5 billion euros in bailout cash. Meanwhile,...

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2017-05-18 unemployment

French jobless rate falls to five-year low

The rate of unemployment in France has fallen to its lowest level since 2012. In mainland France, the rate dropped to 9.3%, or 9.6% including its overseas territories. Also...

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