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Ex-Abercrombie CEO pleads not guilty to sex crimes
Ex-Abercrombie CEO pleads not guilty to sex crimes
Economy
By AFP

The former chief executive of the Abercrombie and Fitch clothing giant has pleaded not guilty to trafficking male models for sex parties around the world, US prosecutors said Friday. Jeffries, Smith and the pair's fixer James Jacobson allegedly used a "casting couch" ploy to groom aspiring male models to attend sex parties at which victims were plied with alcohol and drugs.

Moody's cuts France outlook, opening door to credit downgrade
Moody's cuts France outlook, opening door to credit downgrade
Economy
By AFP

Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances. In the same statement, the agency affirmed France's credit rating at Aa2, saying this was supported by its "large, wealthy and diversified economy."