Your Daily Scan of the New Global Economy

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France
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....
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Tourist sites are empty as Covid-19 travel restrictions limit movement With no American visitors to show around the D-Day beaches or the Loire Valley’s chateaux, and no work on the immediate horizon, Paris tour guide Linda Zenou frets about how she’ll pay off a loan and continue to care for her ailing mother in the...
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Bowing out of the family media empire, James Murdoch challenges conservative line Once seen as a contender for succession at his father Rupert Murdoch’s global media empire, James Murdoch resigned from the board of News Corp on Friday, citing ‘editorial disagreements’. The decision to step down severs his last corporate ties with his family and...
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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. Posted: August 1, 2020 2:41 pm by RFI
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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. Posted: August 1, 2020 8:52 am by RFI
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Power from an artificial sun: Fusion reactor project aims to provide clean energy The assembly of the ITER fusion reactor began in the south of France this week in what has been called the biggest science project in human history. It is hoped the reactor will be able to produce clean energy using the same...
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All aboard: EU approves Alstom's purchase of Bombardier rail unit The European Commission gave French engineering giant Alstom the green light to buy Canadian train-maker Bombardier Transport on Friday, a year-and-a-half after blocking a mega-merger with Germany’s Siemens. Posted: July 31, 2020 2:34 pm by France 24
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Amazon Inc. posts most profitable quarter ever even as US economy in record decline Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Posted: July 31, 2020 2:42 am by France 24
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Enjoy a staycation in Porquerolles ART & CULTURE Idyllic beaches, hiking trails, moonlit walks and free open air cinema, Porquerolles Island off the coast of Hyères offers the feeling of a true getaway without having to go very far! In our new ‘Staycation’ series, we give you tips on where to get away without really...
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Summer outdoor cinema in the South of France ART & CULTURE Outdoor cinemas during the hot summer evenings are always a favourite, but this year it takes on even more importance as we are faced with reduced events and many of us are still not willing to step inside the closed space of a cinema...
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