Small Parisian businesses are facing financial challenges due to the upcoming Olympics, with many reporting a decrease in revenue and customer traffic. The report highlights concerns about the impact of construction and road closures on local shops, cafes, and restaurants, leading to a decline in sales. Small business owners are calling for support and assistance from the government to help mitigate the negative effects of the Olympic preparations on their livelihoods.
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Activist hedge fund Elliott builds stake in struggling BP
Activist hedge fund Elliott Management has acquired a stake in BP, prompting speculation of a potential takeover bid or activist shareholder intervention due to the company's financial underperformance and lack of strategic clarity. Elliott's increased individual bets and focus on strategic changes could lead to a push for BP to refocus on its core oil and gas business, potentially calling for a full break-up or business retrenchment. The firm, known for boardroom battles, has also...
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