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France’s La Poste plans to buy stake in insurer CNP Assurances: source

“La Poste would then merge its bank, La Banque Postale, with CNP Assurances to expand the range of services it provides” reports businessinsider.com. La Poste already holds an 18 percent stake in CNP Assurances and has a shareholders’ agreement with French private bank BPCE, which also holds 18 percent.La Caisse des Depots et Consignations, or CDC, would hand over its 41 percent stake in CNP Assurances in exchange for a stake in La Poste, which already owns a bank, the source said, confirming an earlier report by Les Echos newspaper. Source:…

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French regulator defines risk associated with crypto-asset fraud as material

“The PACTE act, which is currently in the works, could give the AMF a legal framework to support its action” reports financefeeds.com. Like other crypto-assets, tokens generally do not have the characteristics that qualify them as financial instruments in France.In particular, the French regulator is worried about the lack of investor protection when there is little information about the risks associated with certain investments or distribution channels.Regarding the legal nature of tokens, the AMF notes that it can be highly variable from one transaction to another. Source: financefeeds.com Share This:

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France says Europe united against U.S. tariffs as Germany eyes negotiation

“AIX-EN-PROVENCE, France (Reuters) – The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate” writes Midwest Communications Inc for 95kqds.com. “If tomorrow there is an increase in tariffs, like in the car industry, our reaction should be united and strong to show that Europe is a united and sovereign power,” French Finance Minister Bruno Le Maire said.In France, the idea plays well with companies like Google widely seen as getting away with paying lower…

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What France and Belgium’s World Cup success says about European immigration

“While the World Cup has taken center stage of the sporting world this summer, the immigration debate has taken center stage in European politics” reports washingtonpost.com. When the French national team electrified the world two decades ago with a 3-0 drubbing of powerhouse Brazil in the World Cup final, Kylian Mbappé had not yet even been born. Source: washingtonpost.com Share This:

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Second night of violence in French city over police shooting

“A silent march has been planned for Thursday evening in Nantes over his death” writes The Associated Press for seattletimes.com. Prime Minister Edouard Philippe, speaking from Nantes Thursday morning, expressed his “firmest condemnation” of the violence and vowed full transparency in the investigation over the circumstances of the 22-year-old’s death on Tuesday. Source: seattletimes.com Share This:

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Sodexo’s controlling shareholder increases stake

“Sodexo SA’s (SW.FR) controlling shareholder Bellon SA said Wednesday that it increased its stake in the French food-services company in June” writes Anthony Shevlin for marketwatch.com. Bellon previously held 40.38% of the share capital and 55.39% of the voting rights as of May 31.Bellon, controlled by Pierre Bellon and his four children, now holds 41.27% of the share capital and 56.01% of the voting rights of Sodexo. Source: marketwatch.com Share This:

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Greenpeace activists ‘crash’ drone into nuke plant…

“After Greenpeace activists broke into another nuclear plant last November, the French government opened a parliamentary inquiry into nuclear safety and security” reports yahoo.com. In 2014 and 2015, drone flights were reported over several French nuclear plants, including Bugey, though Greenpeace denied any involvement.Greenpeace activists flew a drone into the nuclear energy plant operated by EDF in Saint-Vulbas, southeast France, on Tuesday (AFP Photo/PHILIPPE DESMAZES) Lyon (AFP) – Greenpeace activists said Tuesday they had flown a drone fitted out as a flying Superman into a nuclear energy plant in southeast…

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Exclusive: ADM in talks to take over French animal feed firm Neovia

“PARIS (Reuters) – ADM is in exclusive talks to take over animal nutrition business Neovia for 1.5 billion euros ($1.75 billion), marking a new step in the U.S. agricultural giant’s strategy to expand in the fast growing feed sector” writes Midwest Communications Inc for 95kqds.com. We decided that if we wanted to expand we needed a more global approach,” ADM President Europe, Middle East and Africa Pierre-Christophe Duprat told Reuters. Source: 95kqds.com Share This:

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