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
Pavel Durov, the founder and CEO of social networking platform Telegram, had just arrived in his private jet at a small airport outside Paris on Saturday when he was arrested by French officials and taken into custody. Durov’s detention reverberated across the world and led X owner Elon Musk and others to demand a response
By Ingrid Melander and Guy Faulconbridge PARIS/MOSCOW (Reuters) – Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, three sources told Reuters. The arrest of the 39-year-old technology billionaire
According to our sources, the money was hidden in large bundles wrapped in aluminium foil and covered with wrapping paper, in a suitcase loaded as hold luggage on the plane. These precautions were not enough to divert the attention of the French customs officers. Without any difficulty, they arrested two young men, aged 36 and
(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
BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit
Hong Kong’s finance minister has conceded that investment from the US could drop under the looming threat of sanctions, but maintained the city remained well-positioned to attract international talent and businesses. Financial Secretary Paul Chan Mo-po was speaking to the press during a Beijing-organised media tour to promote the Greater Bay Area, two weeks after
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
France is set to see a €4 billion investment from technology giant Microsoft, as they focus on developing data centers and boosting the country’s infrastructure. The announcement was told on Sunday (May 12) when the company’s president Brad Smith spoke with the French newspaper Le Figaro. The news came just a day before the seventh