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Soft on smacking? France slammed for not banning corporal punishment (part 1)

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Managing expectations: China cuts growth targets as slowdown continues

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Ruling Socialists 'fear historic defeat' in upcoming elections

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

BUSINESS DAILY

BUSINESS DAILY

Latest update : 2014-06-30

BNP Paribas set for record $8.9bn fine

France’s largest bank, BNP Paribas, is set to be hit with a record fine of $8.9 billion by US authorities for breaking sanctions by processing financial transactions with Iran, Cuba and Sudan. The figure is in spite of French government calls for the fine to be "proportionate". Also today: Argentina is heading for a technical default on its debt if it doesn’t resolve outstanding issues with its creditors.

By Stephen CARROLL

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Archives

2015-03-05 China

Managing expectations: China cuts growth targets as slowdown continues

The Chinese government has cut its target for economic growth for this year to 'around 7%' after the rate of expansion fell to its lowest in 24 years in 2014. We speak to Naeem...

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2015-03-04 nuclear power

Record losses at French nuclear firm Areva

The French nuclear firm Areva has reported record losses of €4.8 billion for last year. The company has suffered from changes in the global nuclear industry, and expensive delays...

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2015-03-03 auto industry

Nissan expects 'dramatic decline' in Russian car market in 2015

Nissan says it expects a "dramatic decline" in the Russian market this year, as sales pick up in the rest of Europe. We spoke to the Chairman of Nissan Europe, Paul Willcox, from...

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2015-03-02 technology

Samsung hopes to win back lost ground with new phones

Samsung is hoping to regain its top spot in the smartphone market with two new models unveiled at the Mobile World Congress in Barcelona. The South Korean electronics giant is...

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2015-02-27 Airbus

Airbus flying high as profits soar

Europe’s largest plane maker, Airbus, saw its 2014 profits soar 59%, despite a hefty €551 million fine. We talk to Chief Financial Officer Harald Wilhelm about the firm’s plans....

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