Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

AU warns 6,000 jihadists could return to Africa

Read more

MEDIAWATCH

Trump's accusers say #MeToo... again

Read more

THE DEBATE

Game Changer? Middle East Diplomacy after Trump's Jerusalem Move

Read more

THE INTERVIEW

Exclusive: Niger's president warns Malian state 'could collapse'

Read more

FOCUS

USA: Voters speak out ahead of high-stakes Alabama Senate race

Read more

TALKING EUROPE

Readying the eurozone for future storms: EU Commissioner Valdis Dombrovskis

Read more

TALKING EUROPE

Russian influence, reforms, corruption: Challenges for Europe's Eastern partners

Read more

THE OBSERVERS

Kidnapped and sold in Libya: Our Observer's story

Read more

ENCORE!

Music show: Son Little, Eminem, N.E.R.D & 'adieu' Johnny Hallyday

Read more

BUSINESS DAILY

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

Latest update : 2014-08-05

Crédit Agricole takes €700m hit over bailed-out Portuguese bank

Crédit Agricole is to write off its stake in the troubled Portuguese lender Banco Espirito Santo, at a cost of €708 million. It comes after the Lisbon government announced a €4.9 billion rescue plan for BES on Monday. The news sent the French bank’s shares soaring in early trading. Also today: how the United States is playing catch-up with China at its African leaders' summit in Washington.

By Stephen CARROLL

COMMENT(S)

Archives

2017-12-11 WTO

WTO meets in Buenos Aires under cloud of US protectionism

The World Trade Organization's top decision-making body is meeting in Buenos Aires, under the cloud of a protectionist US administration. Also today: Bitcoin futures start...

Read more

2017-12-08 US Congress

US government avoids shutdown with temporary funding bill

A US startup is getting closer to bringing back supersonic passenger air travel. Also on the show: The US Congress delays a possible government shutdown with a stopgap funding...

Read more

2017-12-07 Bitcoin

Bitcoin continues record-breaking surge

Bitcoin is continuing its meteoric rise to new heights and new records. Just how high can the virtual currency go? And what are the risks of buying it? We speak to Craig Erlam,...

Read more

2017-12-07 Brexit

UK has no sector studies on Brexit's economic effects

The UK's Brexit secretary admits the government has no sector-specific studies on the possible economic effects of Brexit. And Bitcoin hits dizzying new heights, a Volkswagen...

Read more

2017-12-06 China

World's largest Starbucks opens in China

One new Starbucks opens every 15 hours in China, with the company's largest outlet just opened in Shanghai. And Irish businesses are getting antsy over the Brexit border dilemma...

Read more