French banking giant Société Générale loses more than €1bn in Covid-19 crisis

French bank Société Générale announced losses of over a billion euros in the second quarter of 2020. Citing post-Covid economic repercussions, the bank claimed it was forced to write down certain activities, though it was 'too early' to talk of any layoff plans.Want to know more on French banking giant Société Générale loses more than €1bn in Covid-19 crisis click here go to market news source. Market news...

EU to buy 300 million doses of France’s Sanofi’s potential Covid-19 vaccine

The EU announced Friday that it had struck a deal with French pharmaceutical giant Sanofi for 300 million doses of a potential coronavirus vaccine.Want to know more on EU to buy 300 million doses of France's Sanofi's potential Covid-19 vaccine click here go to market news source. Market news summary from RFI market news.Author: David Roe with RFI

Anti-Amazon sentiment builds as e-commerce giant eyes expansion in France

Online retailer Amazon is under increasing pressure from campaigners in France who accuse the American company of destroying retail jobs, exploiting workers and harming the environment.Want to know more on Anti-Amazon sentiment builds as e-commerce giant eyes expansion in France click here go to market news source. Market news summary from RFI market news.Author: RFI

Will the global internet giants be forced to pay for Europe’s Covid bailout?

The European Union has agreed to a 750 billion euro plan to kick-start the trading bloc's economy. But where is the money going to come from? President Emmanuel Macron has guaranteed that the French taxpayer will not have to shoulder the burden, saying that new taxes will be imposed on "major international businesses". Should global industry be quaking in its well-heeled boots?  Want to know more on Will the global...

ECB chief Lagarde says Covid-19 economic crisis ‘probably passed lowest point’

The worst of the economic crisis unleashed by the coronavirus pandemic is likely over, according to European Central Bank President Christine Lagarde. Speaking on Friday, Lagarde however warned that "the new normal" will look very different from what was before.Want to know more on ECB chief Lagarde says Covid-19 economic crisis 'probably passed lowest point' click here go to market news source. Market news summary from RFI market...

French firm joins international call against deforestation in Brazil

More than two dozen financial companies in seven countries including France have warned the government of Brazil that rampant deforestation in the Amazon could have consequences on investment in the country.Want to know more on French firm joins international call against deforestation in Brazil click here go to market news source. Market news summary from RFI market news.Author: Mike Woods

France to tackle public ‘preference’ for disposable face masks

France’s government said Monday it would work with the country’s textile industry to reduce the widespread use of disposable imported face masks and promote French-made, washable masks as better environmental and economic options.   Want to know more on France to tackle public ‘preference’ for disposable face masks click here go to market news source. Market news summary from RFI market news.Author: Mike Woods
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