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THE INTERVIEW

President Ellen Johnson Sirleaf hails 'milestone' as UN peacekeepers leave Liberia

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IN THE PAPERS

The 'Brexecution' of Boris Johnson

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IN THE PAPERS

State of British Politics 'Worse than Shakespeare'

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PEOPLE & PROFIT

From London to Abu Dhabi: How Brexit sent shockwaves across the world

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BUSINESS DAILY

Carney: UK suffering from 'economic post-traumatic stress'

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ACROSS AFRICA

Liberia UNMIL mission: Peacekeepers prepare to hand over to government

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MEDIAWATCH

Boris Backs Out After Brexit

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EYE ON AFRICA

DRC elections: Kabila says poll will go ahead

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THE DEBATE

Chaos at Westminster: UK's post-Brexit leadership battle (part 1)

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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

2016-07-01 Brexit

Carney: UK suffering from 'economic post-traumatic stress'

The governor of the Bank of England, Mark Carney, says the country is suffering from "economic post-traumatic stress disorder" after voting to leave the EU. He signalled the bank...

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2016-06-30 François Hollande

Hollande pledges tax cuts ahead of France's 2017 elections

The French president has pledged to implement a tax cut of up to €2 billion in the next year to help middle-class households. François Hollande told the Les Echos newspaper that...

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2016-06-29 Brexit

Vodafone warns it could move HQ out of UK

In the wake of the Brexit vote, the telecoms group Vodafone has said it can't make a long-term decision about where it will locate its headquarters, which are currently in...

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2016-06-28 Brexit

$3 trillion wiped off global markets since Brexit

Three trillion dollars have been wiped off the value of global shares in two days of trading since the UK voted to leave the EU last week. Stock markets have slumped on the news,...

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2016-06-27 economy

Osborne: UK public finances will need adjustment after Brexit

The British finance minister says the UK's public finances will need an adjustment after the vote to leave the European Union, but that the details will be decided by the next...

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