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El Chorouk
09-07-2025
- Politics
- El Chorouk
The French Unleash Their Former Ambassador to Attack Algeria
Xavier Driencourt, France's former ambassador to Algeria, has reappeared in right-leaning French media outlets. The retired diplomat made two appearances on consecutive days, which suggests that this 'giant' has been freed from the shackles he was believed to have been bound by during the undeclared truce unilaterally observed by Paris, in an attempt to win over Algerian authorities to release the Franco-Algerian writer, Boualem Sansal, who is serving a five-year prison sentence in Algeria. For many weeks, the retired diplomat, who worked in Algeria twice (2008 and 2012), and (2017 and 2020), had not made any media appearances. This 'disappearance' coincided with a remarkable calm in French political and media circles regarding their dealings with Algeria, including those with right-wing leanings. This leads one to believe that the man received signals from decision-makers about the necessity of staying out of the spotlight. Xavier Driencourt, in an interview with French radio station 'Europe 1' on Wednesday, July 9, reiterated his inflammatory statements against Algeria, calling on his country's authorities to adopt a 'iron fist' policy. These statements were expected from him, as his frequent media appearances have become synonymous with attacking Algeria. According to the author of the books 'The Algerian Enigma' and 'Double Blindness,' Algeria has succeeded in taming French arrogance, despite the threats issued by more than one official in the administration of French President Emmanuel Macron. Here, Xavier questioned the threat issued by French Prime Minister François Bayrou last February, when he said that his country was giving Algerian authorities six weeks to settle the issue of Algerians who had been ordered to be expelled from French territory. However, to date, after nearly five months, none of what Bayrou promised has materialized, while Boualem Sansal remains imprisoned. According to Driencourt, Algerian authorities derive their strength from the weakness of French authorities, reiterating the demand for taking certain measures that have proven to be ineffective in subjugating Algerian authorities, who act based on defending their sovereign rights, and according to the same logic that the French defend, which is the independence of justice. Before appearing as a guest on 'Europe 1' radio, Driencourt, who suddenly transformed into a theoretician for the far-right regarding Algerian-French relations, had previously appeared as a guest on 'Le Figaro Live' online, where he also attacked the silence of French authorities regarding the continued imprisonment of Boualem Sansal. The retired diplomat criticized French circles that are futilely trying to instill hope in the supporters of the Franco-Algerian writer that he will be released soon, each time. He pointed here to the initial clinging to the possibility of overturning the court's sentence at the level of the Algiers Judicial Council, but the decision upheld the sentence. Then, hope shifted to a presidential pardon on the occasion of the double anniversary of Independence and Youth Day. Now, there is talk these days about the possibility of a pardon for Sansal for health reasons, as he is ill. When that does not happen, attention will turn, as Driencourt said, to next November, and so on. Xavier Driencourt expressed his disappointment at the lack of European support for the French position on the Sansal case, noting that Noëlle Lenoir, the head of the so-called International Committee to Support Sansal, contacted European Union officials to rally support for her cause, but she heard from them statements such as Brussels awaiting concrete action from Paris before taking action, which he considered a negative stance. The current French position on the Sansal case resembles what Spain experienced more than two years ago, when the Madrid government rushed to appeal to the European Union for support against the economic sanctions imposed by Algeria on Spanish companies at the time. However, it did not receive any support. In fact, countries like Italy and Spain, both EU member states, exploited the situation and entered into an exceptional partnership with Algeria (in the case of Italy), making Rome the exclusive distributor of Algerian gas in Europe, after Madrid had spent billions of euros to prepare the infrastructure to play the same role.
Yahoo
08-07-2025
- Business
- Yahoo
SAP Named Top EMEA Pick with Strong AI and Cloud Growth
SAP SE (NYSE:SAP) is among the . SAP SE (NYSE:SAP) has made it to the top 10 Europe, the Middle East, and Africa (EMEA) Ideas list of Bank of America (BofA) for the third quarter of 2025, with an unchanged Buy rating and €320 price target. Having said that, SAP is BofA's top large-cap software choice and features on both its '25 Stocks for 2025' and Europe 1 list of top ideas. Among the various reasons for this optimism are robust revenue visibility, structural operating leverage, and AI integration. The company's strong financial footing is reinforced by its recurring revenues and cloud backlog growth, standing at 95% and 29%, respectively, in the first quarter. The bank also highlights that while powering AI, SAP SE (NYSE:SAP) has driven as high as 30% efficiency gains. Additionally, the Gen AI popularity is rising, with around 34,000 customers already capitalizing on Business AI. A data centre room with cloud technology, illustrating the enterprise application software services. BofA also points towards a more favorable medium-term outlook by SAP SE (NYSE:SAP), with expectations of support revenue to be more than five times Cloud revenue in the next two years, in contrast to the previous two to three times. SAP SE (NYSE:SAP) is a German global enterprise application and business solutions provider. The core offerings of the company include SAP S/4HANA, SAP SuccessFactors, SAP Business Technology Platform, and SAP customer experience solutions. Founded in 1972, the company is committed to helping the world run better. While we acknowledge the potential of SAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
14-05-2025
- Business
- Business Recorder
France summons cryptocurrency businesses after kidnappings
PARIS: The French interior minister said Wednesday he will meet with cryptocurrency professionals to discuss how to prevent future kidnappings for ransom following several such high-profile cases in France. Bruno Retailleau's invitation comes a day after the latest violent kidnapping attempt in broad daylight in Paris, and a series of previous such incidents. 'I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security,' Retailleau told the Europe 1/CNews broadcaster, 'and so that they become aware of the risks'. On Tuesday, the daughter and grandson of a French cryptocurrency entrepreneur narrowly escaped a kidnap attempt by armed men in Paris. Four masked men attacked a couple and their child in the French capital's 11th district, police sources told AFP. All three escaped with light injuries and were taken to hospital. The woman is the daughter of the CEO and co-founder of Paymium, a French cryptocurrency exchange platform. Tuesday's events follow the abduction in January of French crypto boss David Balland and his partner. Balland, co-founder of the Ledger crypto firm, had his finger cut off by the kidnappers. At least nine suspects have since been detained, including the alleged mastermind. In May, attackers kidnapped a man to force his crypto-millionaire son to pay a ransom. Police arrested seven people after a raid to free the man. 'We must jointly take measures to protect them,' Retailleau said of crypto businesspeople and their families on Wednesday. 'But we will also find the perpetrators wherever they may be, perhaps even abroad,' he said. The interior ministry meeting is scheduled for Friday, officials said.
Time of India
14-05-2025
- Business
- Time of India
France summons cryptocurrency businesses after kidnappings
France on Wednesday faced calls to bolster security for cryptocurrency firms, after armed men attempted to snatch the daughter and grandson of the Paymium platform from a Paris street and a spate of similar violent incidents. Tired of too many ads? go ad free now Paymium urged the authorities "to immediately adopt measures to reinforce the protection of collaborators of companies in the cryptocurrency ecosystem". French Interior Minister Bruno Retailleau said he would meet industry professionals later this week to discuss how to prevent future kidnappings and raise risk awareness. "I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security," Retailleau told the Europe 1/CNews broadcaster,. Tuesday's incident saw the daughter and grandson of a French cryptocurrency entrepreneur narrowly escape when four masked men attacked a couple and their child in the French capital's 11th district, police sources told AFP. All three escaped with light injuries and were taken to hospital. The woman is the daughter of the CEO and co-founder of Paymium, a French cryptocurrency exchange platform. On Wednesday, the company demanded "immediate protection" against such attacks and welcomed the French minister's initiative. Paymium, which said it was "extremely saddened" by the incident, added that "media and politicians" had an important role to play in how information about cryptocurrency is handled. "Misconceptions can easily spread, ranging from supposed wealth to criminal fantasies, unfortunately contributing to fueling misinformation and to creating a climate of insecurity," it said in a statement. Tuesday's events follow the abduction in January of French crypto boss David Balland and his partner. Tired of too many ads? go ad free now Balland, co-founder of the Ledger crypto firm, had his finger cut off by the kidnappers. At least nine suspects have since been detained, including the alleged mastermind. In May, attackers kidnapped a man to force his crypto-millionaire son to pay a ransom. Police arrested seven people after a raid to free the man. "We must jointly take measures to protect them," Retailleau said of crypto businesspeople and their families on Wednesday. "But we will also find the perpetrators wherever they may be, perhaps even abroad," he said. The interior ministry meeting is scheduled for Friday, officials said.
Morocco World
14-05-2025
- Morocco World
France Interior Minister Pledges Security for Crypto Millionaires After Kidnapping Attempts
Rabat – France's Interior Minister Bruno Retailleau has announced a meeting on Friday with cryptocurrency businesspeople to discuss new safety measures after several crypto millionaires were targeted by kidnapping attempts. The decision comes just one day after an attempted kidnapping targeting the daughter and grandson of Paymium CEO Pierre Noizat, a French cryptocurrency exchange platform. The mother and her child, along with her husband, were attacked by four masked men in broad daylight in central Paris. Police said the victims suffered only minor injuries. Three masked individuals jumped out and tried to force the woman and her son into the van. The husband tried to fight off the attackers but was beaten with blunt objects. During the struggle, the woman managed to grab a pistol from one of the attackers and threw it away. It was later confirmed to be an airsoft gun. The attackers fled in the van when passersby heard the screams and came to help. 'I will assemble businesspeople working in cryptocurrencies, and we have a few of those in France, at the interior ministry to work with them on their security…and so that they become aware of the risks,' Retailleau told the Europe 1/CNews broadcaster. France has recently seen a wave of kidnappings and attempted kidnappings connected to crypto wealth. In January, David Balland, co-founder of the Ledger crypto firm, was abducted along with his partner. During the incident, Balland's finger was cut off by the kidnappers. Nine people have since been arrested in that case, including the suspected leader of the group. Another case in May involved a man kidnapped in an attempt to force his crypto-millionaire son to pay a ransom. Seven suspects were arrested during the police operation to rescue him. 'We must jointly take measures to protect them,' Retailleau said, promising that authorities would not stop until all the criminals involved are found, even if they are hiding abroad.
