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EYE ON AFRICA

25 years of independence in Eritrea : Thousands continue to flee the repressive regime

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MEDIAWATCH

Petrol shortages in France and free hugs in Britain

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MEDIAWATCH

Petrol shortages in France and #HugABrit

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THE DEBATE

Obama in Vietnam: Just how close can Washington and Hanoi become? (part 1)

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THE DEBATE

Fuel on the fire: French unions block refineries to protest labour reform (part 2)

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ENCORE!

Music show: Judith Owen, Eric Clapton and Ariana Grande

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FOCUS

Video: Christian NGO brings Syrian refugees to Italy

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IN THE PAPERS

'Near miss' for Austria and the EU

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IN THE PAPERS

#hugabrit

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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 : 2014-08-05

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

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Archives

2016-05-24 France

French oil refinery workers extend strike action

A strike by workers at France's oil refineries has now been extended to all eight sites around the country. Police forcibly removed protesters from a depot at Fos-sur-Mer in the...

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2016-05-23 France

Fuel shortages in France as strike blocks refineries

Hundreds of petrol stations in France have run out of fuel as striking workers, protesting over controversial changes to the country's labour laws, blockade oil refineries and...

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2016-05-20 Apple

Apple has a retail rethink

On today's business update we focus on the financial troubles at EgyptAir, which began before the disappearance of Flight MS084. We also tell you who is set to take the helm of...

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2016-05-16 Volkswagen

Norway's sovereign wealth fund to sue Volkswagen

We bring you the latest on how the world's largest sovereign wealth fund is looking to sue Volkswagen. Plus we bring you more details on the Chinese app which Apple poured $1...

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2016-05-13 Apple

Apple risks losing 'world's most valuable company' status

We bring you the latest on how Apple is holding on to its world's most valuable company title by the skin of its teeth. The company is also making inroads into China, by pouring...

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