24 episodes

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

    • Business

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

    Europe sees slide in foreign direct investment, EY survey shows

    Europe sees slide in foreign direct investment, EY survey shows

    The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic. Germany was hit particularly hard with a 12 percent drop in FDI projects, amid concern over its economic slowdown and energy security. France's tally fell by 5 percent but it still came out on top with the most projects. The UK bucked the regional trend with a 6 percent increase. Also in this edition, a free Madonna concert in Rio de Janeiro this Saturday is expected to bring in nearly $60 million to the local economy.

    • 5 min
    US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

    US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

    The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight. The US central bank will slow down the pace of quantitative tightening from next month, reducing the cap on Treasury bonds it allows to run off each month to $25 billion from the current $60 billion. 

    • 5 min
    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

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