AGP Executive Report
Last update: 7 minutes agoCybersecurity: France blames Iran’s Revolutionary Guards for attacks on supermarket refrigeration systems that affected around 700 stores, with some incidents reportedly causing fires. Paris has summoned Iran’s ambassador and is weighing a response. Economic outlook: Moody’s has cut France’s 2026 growth forecast to 0.2%, while rising borrowing costs and a heavy debt burden add pressure. Unemployment held at 8.2% in the third quarter. Jobs and pay: The minimum wage is set to rise 1.6% from December 1, to about €1,502 net a month. Coty, meanwhile, plans to cut more than three-quarters of its French workforce as it restructures. Business and investment: Casino has reached a deal on its financial restructuring, while investment manager Ardian has raised €1 billion for a semiconductor fund. France also signed a COP31 statement backing policies to expand international carbon-credit markets.
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