France Financial News

French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion in a bid to boost its rare disease business. The two companies said in a joint statement on Tuesday that Inhibrx shareholders will get $30 per share in cash, one contingent value right (CVR) equal to $5, and 0.25 shares in New Inhibrx, a new publicly traded company that holds the takeover target's assets that are not related to INBRX-101.

Crypto exchange Gemini, founded by the Winklevoss twins, is possibly  trying to relist Ripple (XRP) token, crypto community speculates.

Republic Day fly-past, the Indian Air Force plans to showcase the Tangail formation, featuring the heritage aircraft Dakota, accompanied by two Dornier Do-228 aircraft. Notably, these Dornier aircraft will be flying using a blended mixture of Aviation Turbine Fuel and Biofuel, as announced by the Indian Air Force. The chief guest for the Republic Day celebrations will be French President Emmanuel Macron.

Netflix on Wednesday with its five hosts, who are also called Bobby Berk, Fab Five: Jonathan Van Ness, Antoni Porowski, Karamo Brown, Tan France. As per Netflix's season explanation, the Fab Five are entering into a former nun's life who is the largest Kiss fan as well as the Louisiana School for the Deaf's football coach among others.

Russian billionaire Dmitry Rybolovlev is exploring the possibility of selling his stakes in French soccer club Monaco. Rybolovlev has been the majority owner of Monaco since 2011.

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Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats.

The village of Ste-Pétronille, Que., is used to receiving attention from outsiders. Tourists flock to the hamlet at the tip of picturesque Orleans Island to see its French colonial architecture and enjoy views of the Quebec City skyline across the St. Lawrence River.

Markets Authority (ESMA) is currently deliberating with India's central bank on resolving disagreements over the treatment of the domestic bond trading platform, with the foreign regulator saying that it has not imposed penal charges on French and German banks for trading here.

Vincent Mortier, Group CIO of France's Amundi, Europe's largest asset manager, said the US Federal Reserve may not cut rates in March as the market is expecting. In an interview with Nishanth Vasudevan, Mortier, who oversees global assets under management worth over $2 trillion, spoke on a range of topics. Edited excerpts: The market is expecting the US Fed to cut rates as early as March. What are your thoughts?

(Reuters) -Online gaming company Kindred Group confirmed on Sunday it has received a cash takeover bid from French group La Francaise des Jeux.

Dior’s menswear maestro Kim Jones has transformed a sunny afternoon in the French capital into a starlit evening of balletic grandeur at Paris Fashion Week in a display of fashion theatrics

By Foo Yun Chee

Germany has approved Citizenship Law Reforms that are aimed at integration and skilled worker attraction. In a decisive move, German lawmakers voted 382-234 on Friday to approve legislation that relaxes the rules on obtaining citizenship and eliminates restrictions on dual citizenship. The proposal, advocated by center-left Chancellor Olaf Scholz's socially liberal coalition, aims to enhance immigrant integration and facilitate the recruitment of skilled workers. Are you immigration ready? Find out Under the new legislation, individuals can qualify for citizenship after residing in Germany for five years, or three years in the case of «special integration accomplishments,» compared to the current requirements of eight or six years. German-born children will automatically acquire citizenship if one parent has been a legal resident for five years, a reduction from the previous eight years. Moreover, the legislation eliminates restrictions on holding dual citizenship, a significant departure from the existing requirement for most individuals from non-European Union countries to renounce their previous nationality upon gaining German citizenship. The government emphasizes that approximately 14% of the population, more than 12 million out of 84.4 million inhabitants, does not possess German citizenship. Of this population, around 5.3 million have lived in Germany for at least a decade. Germany's naturalization rate is reported to be below the European Union average.

(Reuters) — Societe Generale (OTC:SCGLY) is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa's effort to rein in costs, Bloomberg News reported on Friday.

Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

Steiner AG, the wholly-owned subsidiary of Hindustan Construction Company (HCC), on Friday said it has concluded the sale of its construction business subsidiary, Steiner Construction SA, to Demathieu Bard for approximately CHF 98 million (Rs 928 crore). Demathieu Bard is an international construction group headquartered in France.

Republic Day on January 26th, the Delhi Metro Rail Corporation said in a statement on Thursday. This might result in long queues at some Metro stations, especially during peak hours during this period," the statement added. «Therefore, passengers are advised to plan their journey accordingly and allow for some additional time for their commute during these days. Passengers are requested to cooperate with the security personnel during security checks,» it further stated. Meanwhile, airspace restrictions will be in place in the national capital for 11 days this month given Republic Day preparations and celebrations. There will be airspace curbs from January 19 to 25 as well as on January 26 and 29. As per officials, landing or take-off of non-scheduled flights of scheduled airlines, and chartered flights will not be permitted from 10 am to 1.15 pm during the January 19-25 period. During this period, scheduled flights will not be impacted.

WWE 2K has shared a social media post revealing the logo for WWE 2K24, accompanied by a date: 1.22.2024. While no additional details were provided, the specified date has already marked a significant event on fans' calendars for the anticipated unveiling on January 22.

By Mimosa Spencer

Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos