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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.

Business FRANCE 24 English

    • Wirtschaft

A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.

    Dividend payments far outpace worker wages, Oxfam analysis finds

    Dividend payments far outpace worker wages, Oxfam analysis finds

    To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent. The figures highlight the growing global divide between rich and poor. Also in this edition, the company behind ChatGPT is the target of a complaint in Austria over incorrect information shared by the AI chatbot.

    • 5 Min.
    Ex-Binance CEO sentenced to four months in US prison for money laundering violations

    Ex-Binance CEO sentenced to four months in US prison for money laundering violations

    A court in Seattle has sentenced Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, to four months in jail for violating US money laundering laws. The billionaire told the court that he had failed and was sorry. The sentencing comes after the defendant pleaded guilty last November and paid $50 million in fines. Plus, Zimbabweans line up at banks to withdraw cash as the new currency ZiG, the sixth since the 2009 collapse of the Zimbabwe dollar, goes into circulation. 

    • 5 Min.
    Paramount Global CEO steps down amid divisions over potential Skydance merger

    Paramount Global CEO steps down amid divisions over potential Skydance merger

    US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.

    • 5 Min.
    Tesla makes progress in securing China's approval for self-driving technology

    Tesla makes progress in securing China's approval for self-driving technology

    Tesla's shares surged after the EV maker won tentative approval to deploy its Full Self-Driving system in China, this as CEO Elon Musk met high-ranking officials on a surprise visit to Beijing. Plus, the French state has offered to buy key assets from troubled IT giant Atos in order to protect national interests. 

    • 6 Min.
    US students seek universities' divestment from Israeli occupation and war

    US students seek universities' divestment from Israeli occupation and war

    A growing protest movement on US college campuses wants universities to sell off assets related to Israel's war in Gaza and its occupation of the West Bank. We take a closer look. Also, the French government offers to buy the data security operations of struggling IT firm Atos, and Elon Musk makes progress in his bid for the rollout of Tesla's Full Self-Driving service in China.

    • 6 Min.
    Meta beats expectations on revenue, profits but AI spending spooks investors

    Meta beats expectations on revenue, profits but AI spending spooks investors

    Meta announced a 27 percent jump in Q1 revenues but still saw shares tank after hours, amid fears over the social media giant's increased capital expenditure on AI infrastructure. Also in this edition: British mining giant BHP makes a $39 billion bid for its rival Anglo American, and Boeing's losses deepen.

    • 5 Min.

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