French prosecutors have placed a finance ministry employee under formal investigation on suspicion of spying for Algeria, the Paris prosecutor’s office said on Thursday, at a time of mounting political tensions between France and its former colony. The employee is accused of handing details on Algerian asylum seekers, including known opponents of the incumbent
(Bloomberg) — France’s political upheaval has led Paris to lose its spot as Europe’s biggest equity market to London, less than two years after winning that title from the UK. Most Read from Bloomberg President Emmanuel Macron’s shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market
By Brigid Riley TOKYO (Reuters) -The dollar was firm on Monday as the euro hovered near a more than one-month low amid political turmoil in Europe, while investors awaited fresh clues on the strength of the U.S. economy. Investors have been contemplating the risk of a budget crisis at the heart of the euro area,
French Finance Minister Bruno Le Maire warned on Friday that the euro zone’s second-biggest economy faced the risk of a financial crisis if either the far right or left won the coming parliamentary election because of their heavy spending plans. Political uncertainty has already triggered a brutal sell-off of French bonds and stocks after Macron
(Bloomberg) — Finance Minister Bruno Le Maire warned that a new left-wing coalition coming to power in France would lead to the country’s exit from the European Union. Most Read from Bloomberg The program of the Popular Front, which is made up of four left-leaning parties, is “complete madness” with economic collapse guaranteed, Le Maire
(Bloomberg) — The euro fell to its lowest in a month after French President Emmanuel Macron called a snap vote in the wake of European Parliament elections. Asian currencies declined on the heels of a strong US jobs report from Friday. Most Read from Bloomberg The common currency dropped as much as 0.5%, retreating alongside
France rolls out the red carpet to some 180 business leaders on Monday at the annual international business summit aimed at wooing foreign investors. Buoyed up by recent data showing France remains the most attractive country in Europe, the presidency has promised record investments, though there is growing competition from a reinvigorated Britain. President Emmanuel