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20199 articles published since 08 Mar 2022

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Paris Airbnb goldrush ends as Olympics approach
Paris Airbnb goldrush ends as Olympics approach
Economy

Parisians looking to pocket a fortune by renting out their apartments to tourists visiting the French capital for the Olympics have been left disappointed as prices crash close to the start of the Games. He pointed out that French people attending the Olympic Games are more likely to stay with friends and family.

US stocks fall after presidential debate
US stocks fall after presidential debate
Economy

Wall Street stocks finished lower Friday, shrugging off better inflation data as markets weighed fallout from a US presidential debate in which incumbent Democrat Joe Biden's performance was widely panned. Biden's performance in a debate with predecessor Donald Trump was widely criticized by observers, who said it raised concerns the president is too old to run again.

EU questions Shein, Temu over consumer protection
EU questions Shein, Temu over consumer protection
Economy

The EU on Friday demanded wildly popular shopping platforms Shein and Temu explain what action they are taking to protect consumers, including children. "We share the commission's goal of ensuring that consumers in the EU can shop online with peace of mind, and we will continue working closely with the commission," a Shein spokesperson said.

US Fed's favored inflation measure cools slightly in May
US Fed's favored inflation measure cools slightly in May
Economy

The US Federal Reserve's favored measure of inflation eased slightly in May, according to government data published Friday, as goods prices cooled. Stripping out volatile food and energy prices, the closely watched "core" measure of inflation eased to an annual rate of 2.6 percent in May, in line with expectations -- a sign that underlying prices cooled further.

Embezzlement-accused French media scion reinstated as CEO
Embezzlement-accused French media scion reinstated as CEO
Economy

French media baron Arnaud Lagardere, who resigned from running the sprawling group of the same name in April over embezzlement charges, was reinstated as chief executive Friday after a favourable court decision, the company said. It was "a very great joy for me to resume as chief executive of the group that bears my name," Lagardere himself said in the statement.

France makes multibillion-euro gamble on Olympic gold
France makes multibillion-euro gamble on Olympic gold
Economy

France is facing a bill of almost nine billion euros for hosting the Paris Olympics but top officials say the financial fallout could be more "psychological" than economic. For Bank of France governor Francois Villeroy de Galhau, the Paris Olympics will have more of a "psychological" impact than economic.

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