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France

The iliad Group and EIB sign €300 mln loan agreement to finance 4G and 5G network rollouts in France

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The FINANCIAL — The iliad Group and the European Investment Bank (EIB) have set up a new €300 million loan to help the Group finance its mobile network rollouts in France, particularly to densify its 4G network and deploy its 5G network. Having helped to finance iliad’s fixed network rollouts for over ten years now,…

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Accenture to acquire OpusLine and create a dedicated health practice in France

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The FINANCIAL — Accenture (NYSE: ACN) has entered into an agreement to acquire Paris-based OpusLine, one of the leading consulting companies that provides strategic advisory and transformational services to public- and private-sector healthcare providers as well as life sciences and insurance companies in France. Following the acquisition of OpusLine, Accenture would be better positioned to provide…

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ELOÏC PEYRACHE to be the new Interim Dean of HEC Paris for 9 months

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The FINANCIAL — An exceptional HEC Paris Board of Directors meeting, chaired by Jean-Paul VERMÈS, President of the Board of HEC Paris, was held on the 12th of October 2020, following the resignation of Peter TODD, Dean of HEC Paris, on the 30th of September 2020, for health reasons. During the Board meeting, the directors…

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OECD unemployment rate down to 7.4% in August 2020

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The FINANCIAL — The OECD unemployment rate fell by 0.6 percentage point in August, to 7.4%, but remained 2.2 percentage points above the level observed in February, before the COVID-19 pandemic hit the labour market. 48.4 million persons were unemployed in the OECD area, 13.5 million more than in February. Some care is needed in interpreting recent falls…

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écomiam got listed on Euronext Growth

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The FINANCIAL — Euronext congratulated écomiam, a family business that is France’s third largest specialised frozen-food distributor, on its listing on Euronext Growth (ticker code: ALECO). Founded in 2009, écomiam is a family business specializing in the distribution of fresh frozen foods. It operates a 27-outlet network based primarily in Brittany and in the Pays de la Loire…

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HEC Paris and The Bouygues partner to create the “Smart City and Common Good” chair

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The FINANCIAL — The Bouygues group and HEC Paris announce the creation of the “Smart City and Common Good” chair with the objective of contributing to thinking on major societal challenges and the contemporary world. Through the creation of this chair, in partnership with HEC Paris, the Bouygues group aims to: Help convey a people-focused…

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Public services at risk as city & region revenues plunge by 10%

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The FINANCIAL — The first EU-wide Regional and Local Barometer – produced by the European Committee of the Regions – warns that Coronavirus pandemic is heavily impacting sub-national authorities’ revenues: in Italy, Germany and France alone, their losses could total 30 billion euros in 2020. The crisis is also widening social and economic inequalities in the EU’s territories. The…

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JPMorgan is moving $234 bn of assets from the UK to Germany as a result of Brexit

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The FINANCIAL — JP Morgan Chase & Co is reportedly set to move $234bn (£184bn) assets from the United Kingdom to Germany as a result of Britain’s exit from the European Union. While the type of assets being moved was not specified, similar transferals usually include cash and financial securities like stocks and bonds. The…

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Noble Partner 2020 military exercises ended in Georgia

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The FINANCIAL – – In February of 2020, it was announced that Georgia would host the Multinational Military Exercise Noble Partner for the fifth time. Main Planning Conference had officially opened on 3 February and aimed at planning events for the conduct of the training. The Noble Partner which consists of field and staff components covered…

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Noble Partner 2020 Officially begins on 7 September

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The FINANCIAL — Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration. It is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability and to also contribute in maintaining stable, secure environment over the Black Sea region. U.S. and Georgia-led fifth Noble Partner international military exercise will be held south-east of…

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Coronavirus hit famous French nudist resort

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The FINANCIAL — Coronavirus cases continue to rise in France. French regional health authorities on Sunday said that there has been a “very worrying” outbreak of coronavirus. More than 100 nudists have tested positive for the COVID-19 after staying at or visiting the world’s largest nudist resort – Cap d’Agde. Also, the wearing of masks in…

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UNSC Members support sovereignty and territorial integrity of Georgia

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The FINANCIAL — On 5 August 2020, the UN Security Council discussed the situation in Georgia’s occupied territories and the Russia-Georgia conflict at its closed session dedicated to the 12th anniversary of Russia’s military aggression against Georgia. The parties expressed their extreme concern about the intensification of the so-called “borderisation process.” UN Security Council member states are also…

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Société Générale reported €1.26 bln loss

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The FINANCIAL — One of the leading European financial services groups – Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May, which resulted in the level of bank card transactions and corporate credit transfers…

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Lufthansa resumed flights from Tbilisi, Air France and airBaltic to follow suit

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The FINANCIAL — Today, on 3rd of August, German Airline Lufthansa, resumed regular flights from Tbilisi, Georgia to Germany. During the first regular flight to Munich, all passengers were given TAV branded masks from the airport staff. Flights will be performed twice a week. Technical negotiations have been successfully completed with Air France and airBaltic and commercial flights will be…

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