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Paris museum gives troubled NFT art scene a big showcase
Paris museum gives troubled NFT art scene a big showcase
Business and Economy
by  AFP

NFTs, the tokens of the crypto world linked to digital artworks, have been granted a show at the Pompidou Centre in Paris, despite an almost total collapse in their price and cultural cachet. Blockbuster multimillion-dollar sales helped fuel publicity in 2021, and prices soared amid a lack of regulation and general confusion over what the digital tokens were.

First Republic bank in limbo as shares fall further
First Republic bank in limbo as shares fall further
Business and Economy
by  AFP

Shares of First Republic fell further into an abyss Friday amid mounting speculation over the US regional bank's way forward after it reported a big fall in deposits. After dropping more than 50 percent earlier on Friday, shares of First Republic finished the day at $3.51, down 43 percent following numerous trading halts due to volatility.

Fitch downgrades French debt to AA-, outlook stable
Fitch downgrades French debt to AA-, outlook stable
Business and Economy
by  AFP

Credit ratings agency Fitch downgraded France's debt worthiness a notch to "AA-" from "AA" on Friday, claiming the country's "fiscal metrics are weaker than peers "Public finances, and in particular the high level of government debt, are a rating weakness," Fitch said in a commentary on its rating action which said the country's outlook was stable.