Prosus-owned OLX to buy France’s La Centrale for €1.1 bln

France's national debt has surged to over €3.4 trillion, reaching 115.6% of its GDP, according to recent data. This alarming rise poses significant challenges for the new Prime Minister, Sebastien Lecornu, who is seeking bipartisan support to draft the 2026 budget due by October 7. The situation is critical as it reflects the country's economic struggles, and the pressure is on to stabilize finances. Additionally, the national rail operator, SNCF, is launching a new ultra-premium class to compete internationally, highlighting the need for innovation amidst financial difficulties.

Kuntarahoitus is set to issue a €15 million bond as part of its ongoing debt program, marking a significant step in its financial strategy. This move not only enhances the company's funding capabilities but also reflects confidence in the market, potentially attracting more investors. The issuance of bonds is crucial for financing various projects and initiatives, making it an important development in the financial landscape.

Municipality Finance has announced its plan to issue €15 million in notes under its Medium Term Note (MTN) programme. This move is significant as it allows the organization to raise funds for various municipal projects, which can enhance local infrastructure and services. The issuance reflects the ongoing efforts to support community development and financial stability.

Barclays has issued a warning regarding the recovery trade in Germany, highlighting a decline in fiscal optimism in both the UK and France. This shift in sentiment is significant as it suggests potential challenges ahead for economic growth in these regions, which could impact investments and market stability. Investors should be cautious as the outlook appears less favorable than previously anticipated.

Aroundtown has successfully issued an €850 million bond and announced a significant €1.6 billion buyback program. This move is seen as a strong indicator of the company's financial health and commitment to enhancing shareholder value. By raising capital through the bond issuance, Aroundtown is positioning itself for future growth while also returning substantial funds to its investors, which could boost market confidence and attract more investment.

Nicolas Sarkozy, the former president of France, has seen his fortunes take a dramatic turn as he faces a five-year prison sentence, significantly impacting his estimated net worth of $4 million. This situation highlights the consequences of political scandals and legal troubles, raising questions about the future of political figures in France and their financial stability. Sarkozy's fall from grace serves as a cautionary tale about the intersection of power, wealth, and accountability.

The head of France's securities regulator has reassured the public that the country is not on the brink of a financial crisis, despite recent political instability leading to two credit downgrades in just a week. This statement is significant as it aims to restore confidence in the French economy and alleviate fears among investors and citizens alike.

Former French president Nicolas Sarkozy has been sentenced to five years in prison for his involvement in a corruption case linked to receiving campaign contributions from the late Libyan leader Muammar Gaddafi. This verdict is significant as it highlights the ongoing issues of political corruption and accountability in France, raising questions about the integrity of political financing and the influence of foreign leaders on domestic elections.

The Riksbank's unexpected decision to cut interest rates has led to a strengthening of the Swedish krona against the euro. This move is significant as it reflects the central bank's strategy to stimulate the economy, potentially boosting consumer spending and investment. A stronger krona can also impact import prices, making goods cheaper for Swedish consumers. Overall, this rate cut could signal a shift in economic policy that may benefit Sweden in the long run.

Former French President Nicolas Sarkozy has been found guilty by Paris judges for his involvement in a scandal where his 2007 campaign was allegedly funded by millions from Moammar Qaddafi's regime. This conviction highlights serious concerns about political corruption and foreign influence in elections, raising questions about the integrity of democratic processes in France.

TotalEnergies has secured a significant contract to develop the Centre Manche 2, which will be France's largest offshore wind farm. This 1.5 GW project, set to begin operations in 2033, is expected to provide electricity for around 6 million households, marking a substantial step forward in France's renewable energy efforts. The €4.5 billion investment not only enhances the country's wind power generation but also reflects a growing commitment to sustainable energy solutions.

Aroundtown has announced the start of a stabilisation period for its benchmark euro notes, a move that reflects its commitment to maintaining financial stability. This period is crucial as it allows the company to manage its debt effectively and reassure investors about its fiscal health. Such measures are important in the current economic climate, where market fluctuations can impact investor confidence.

President Trump has announced new tariffs on drugs, trucks, and kitchen cabinets, a move aimed at protecting American manufacturers from foreign imports. This decision is significant as it reflects the administration's ongoing commitment to bolster domestic production and support local businesses, potentially leading to job creation and economic growth.

Lending can be a powerful tool for businesses looking to grow, providing the necessary capital to invest in new opportunities and expand operations. Understanding how to leverage loans effectively can lead to significant financial benefits, allowing companies to innovate and stay competitive in their industries. This article highlights strategies for using lending to fuel growth, making it essential reading for entrepreneurs and business leaders aiming to enhance their financial strategies.

Indonesia is taking a significant step to support small-scale developers and homeowners by subsidizing loan interest rates. This initiative aims to make housing more affordable and accessible, especially for those who may struggle with high borrowing costs. By easing financial burdens, the government hopes to stimulate the housing market and promote economic growth, which is crucial for the country's development.

Wall Street is closely monitoring the implications of President Trump's new pharmaceutical tariffs, which aim to reduce drug prices and promote domestic manufacturing. Investors are weighing the potential impact on pharmaceutical companies and the broader economy. This move could reshape the landscape of drug pricing and availability, making it a significant topic for both the market and consumers.

Huatai Securities has announced the scheduling of an Extraordinary General Meeting (EGM) and a meeting for its A share class in October. This is significant as it allows shareholders to discuss important company matters and make decisions that could impact the future direction of the firm. Such meetings are crucial for maintaining transparency and engaging with investors.

Mauritius's first female central bank governor has committed to restoring trust in the institution following a period of internal conflict. Her focus on a data-driven approach to monetary policy is significant as it aims to enhance transparency and stability in the financial system, which is crucial for economic growth and investor confidence.