France and Germany said on Friday that Facebook's Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. The criticism came as the European Central Bank said it was working on a long-term plan to launch a public digital currency that could make projects such as Libra redundant.
France proposed a "growth compact" for the euro zone economy on Friday, a day after the European Central Bank called on governments to use fiscal policy in addition to the bank's latest monetary stimulus package to support slowing growth.
Shares of Air France-KLM on Monday nosedived on a warning over bookings, and other airlines weakened, in mostly listless European stock markets on Monday. Air France-KLM shares plunged 9% as the airline said "close-in bookings in the peak travel period are weaker than foreseen in view of softening macro-economic environment." Mark Simpson, an analyst at Goodbody Stockbrokers, said consensus operating profit forecasts of 1.3 billion euros "will likely move lower on the implied...
The Bank of a France on Monday maintained its forecast for 0.3 percent growth in the French economy in the third quarter, as business sentiment in the manufacturing sector picked up in August. In its monthly survey, the Bank of France said sentiment in the manufacturing sector rose to 99 in August from a revised 96 in July.
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