CashNews.co French and Dutch authorities raided streaming giant Netflix’s offices in Paris and Amsterdam on Tuesday as part of a tax fraud inquiry, a judicial source told AFP. The search of “various locations” in France by specialist financial investigators relates to suspicions of “covering up serious tax fraud and off-the-books work” and is part of […]
CashNews.co PARIS — French public investment bank Bpifrance is seeking to increase the amount of export financing it can provide to small and medium-sized defense firms, as the current limit is insufficient to meet some demands, the bank’s head of export finance said. Bpifrance currently provides up to €25 million (US$27 million) of financing for export deals […]
CashNews.co French and Dutch authorities have been working together for many months on the investigation centring on the suspected laundering of tax fraud and off-the-books work, said a judicial official in France who spoke on condition of anonymity because of French secrecy laws that apply to judicial probes. French police investigators carried out searches of […]
CashNews.co A French government finance committee is looking at a legal amendment to a 2025 finance bill currently making its way through the country’s parliament that would nationalize Atos with €70 million in the pot to explore the deal. The amendment was tacked onto the Finance Bill (PLF) for 2025. It still would need to […]
CashNews.co PARIS (AP) — Prosecutors and police investigators who specialize in fighting fraud and corruption raided Netflix (NFLX) offices in France and the Netherlands on Tuesday, in a probe of suspected financial wrongdoing, judicial officials said. French and Dutch authorities have been working together for many months on the investigation centering on the suspected laundering […]
CashNews.co Hermès Monthly Chart – Source: ActivTrades’ Online Trading PlatformBottom Line The global luxury market, valued at approximately €320 billion in 2021, is on track to almost double, potentially reaching €600 billion by 2030, according to Luxonomy. This impressive projection underscores the resilience and adaptability of luxury brands in meeting global demand for premium goods. […]
CashNews.co France must take “credible” steps to tackle its high deficit, its new finance minister said Thursday, shortly before a major credit ratings agency gives its verdict on the country’s sovereign debt. Antoine Armand spoke to AFP on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank in Washington […]
CashNews.co (Bloomberg) — French inflation came in below the European Central Bank’s 2% target for the second consecutive month, supporting the case for continued interest-rate cuts. Most Read from Bloomberg Consumer prices in the euro area’s second-largest economy rose 1.5% from a year ago in October, statistics agency Insee said on Thursday. The reading is […]
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CashNews.co (Bloomberg) — Societe Generale SA broadly beat analysts’ estimates in the third quarter, as its investment bankers profited from higher trading revenue and the French retail bank turned the corner. Equities trading rose 10% from a year earlier and fixed income gained about 6%, SocGen said in a statement Thursday. Both were ahead of […]