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EYE ON AFRICA

Togo : will president Faure Gnassingbe win a third 5-year term ?

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MEDIAWATCH

Controversy reigns 100 years after the Armenian genocide

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THE WORLD THIS WEEK

Migrant Deaths: Politicians Divided after Emergency EU Summit

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THE WORLD THIS WEEK

The G-Word: Turkey and the Armenian Genocide

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FRANCE IN FOCUS

What will the new French healthcare bill change?

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#TECH 24

Space Special: Happy Birthday, Hubble!

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FOCUS

Video: Meeting Marseille's Armenian community

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REPORTERS

Saving French soldiers' WWI trench carvings

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ENCORE!

Armenia, 100 years on

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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

2015-04-24 British Royal Family

Alice, Posh or Tyrone? Bookmakers take bets on new royal baby name

Brits are already placing bets on everything from dates to weights for the second royal baby. A whopping 83% are betting it will be a girl. We find out what names are the odds-on...

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2015-04-23 Brazil

Turmoil leads to first loss in decades for Petrobras

Brazil's state-controlled oil giant Petrobras reported a $7.2bn loss for last year. The firm was hit hard by writedowns and corruption charges. Plus, the European Union takes on...

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2015-04-22 retail

Tesco's tough times: Supermaket chain reports record loss

Tesco, the world's third-largest retailer, has reported the biggest pre-tax loss in its 96-year history, of €8.9 billion. The company's earnings were hit by a writedown of the...

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2015-04-21 Gazprom

EU set to launch antitrust case against Gazprom

The European Union is set to accuse the Russian gas company Gazprom of abusing its dominant position in the European market. The charges are set to be announced later this week....

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2015-04-20 François Hollande

Hollande unveils income top-up to help young workers

The French President, François Hollande, is to extend an income supplement payment to all workers under 25. The measure is designed to support young people who are on low...

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