Legora, a French legal‑tech startup, is reportedly negotiating a new financing round that may bring its valuation to roughly $8.5 billion.
21shares introduced the first European exchange‑traded product for Zcash, listing physically backed ZEC and ETHFI products on the Paris and Amsterdam segments of Euronext, expanding crypto offerings beyond major coins following a US ETF launch
BNP Paribas expects US and European equity indices to climb further by the end of the year, with the S&P 500 reaching 8,500 points and the Stoxx 600 hitting 700 points, after a period of short‑term stagnation, and it is focusing on cyclical sectors like banking and automotive.
Nokia started trading today as the top component of the Euro Stoxx 50, taking the place of Volkswagen and Wolters Kluwer, which each fell less than 1%. Engie also entered the index but its shares declined. In a related move, Barclays entered the Stoxx Europe 50 index, with its shares moving higher.
The luxury conglomerate LVMH saw a sharp decline in its share price, eroding its market value and dropping it from the top spot among French companies by market cap.
A group of large financial firms, including DRW Holdings, Susquehanna and the Royal Bank of Canada, have backed Kaiko, a Paris‑based provider of cryptocurrency market data, as the industry moves toward continuous, round‑the‑clock trading on blockchain platforms, creating demand for new data infrastructure.
French automotive supplier Forvia SE is considering selling its Japanese unit Clarion Electronics Co. as part of a plan to cut debt and streamline the business.
Oracle’s AI cloud revenue surged 120% and added 850 MW of capacity, easing concerns about its costly AI infrastructure buildout; BNP Paribas analyst Stefan Slowinski sees a more constructive financing outlook and looks to Oracle’s upcoming Financial Analyst Day for details.
French central bank governor Emmanuel Moulin cautioned that the left‑wing presidential candidate’s pledge to reduce state debt by 18% is not feasible and could jeopardize fiscal stability.
Brevo suffered a login flaw that allowed attackers to use its email service to send a large‑scale phishing campaign targeting 347,000 Trezor hardware‑wallet users. Trezor warned its community that the addresses were considered known to the attacker and could be reused for further phishing attempts.