Hello everyonewe are on Thursday May 28, 2026. Welcome to the Essential of The Tribune. On the front page of the news, the United States announces sanctions against the agency created by Iran to control Hormuz while oil prices rebound after American strikes. In France, Mistral is joining forces with Airbus and BMW and wants to invest in the industrial sector.
Les détailsas well as other informationread below in our feed.
📠100% nationalization of EDF in 2022: an operation « coûteuse »judges the Court of Auditors
The takeover of 100% of EDF decided by the government in 2022, in a context of energy crisis and nuclear relaunch, proved to be an operation “costly for the state budget”affirms the Court of Auditors in a report published Thursday.
The increase from 84% to 100% of the capital of the energy giant cost nearly 9.7 billion eurosfor advantages “difficult to identify”according to the institution, which adds that the “Necessity” of the operation “is not demonstrated at this stage”.
📠EU fines Temu for allowing sale of illegal products
The EU on Thursday imposed a fine of 200 million euros to the Chinese online commerce giant Temu, for having enabled the sale of illegal products to European consumersincluding dangerous baby toys or faulty chargers.
“The company failed to diligently identify, analyze and evaluate the systemic risks associated with the sale of illegal products on its platform, as well as the resulting harm to consumers in the European Union.”concluded the European Commission, at the end of an investigation opened in October 2024.
The Tribune Alert
Real-time alerts on major economic information.
📠Mistral joins forces with Airbus and BMW and wants to invest in the industrial sector
The French start-up Mistral, specializing in artificial intelligence (AI), announced Thursday a partnership with the European aircraft manufacturer Airbus and the German car manufacturer BMW to apply AI to industrial processes, including simulation for engineering.
“We are very excited about the deployment of AI in the physical world”commented the boss of Mistral, Arthur Mensch, during a press conference.
💉To find out more: Airbus and Mistral AI, new shock duo: all the details of the agreement
📠Michelin announces a voluntary departure plan in France
The French group Michelin, world leader in tires, announced Thursday a voluntary departure system in France covering “up to 1,500 positions over three years”.
“Up to 1,500 positions could be eliminated” in France, including “two thirds in tertiary functions and one third in industry”personnel director France and Southern Europe, Olivier Faure-Vauris, told AFP.
💉To find out more: Michelin plans to cut up to 1,500 jobs in France
📠Oil prices rebound after new US strikes in Iran
Oil prices rebounded Thursday after new US strikes against Iran despite a fragile ceasefire, as diplomatic efforts to end the war continue.
Around 9:25 a.m. GMT (11:25 a.m. in Paris), the price of barrel of Brent from the North Seafor delivery in July, gained 2.06% to 96.23 dollars. Its American equivalent, the baril de West Texas Intermediatefor delivery the same month, took 2.20% to 90.63 dollars.
The rise follows declines on Wednesday, fueled by hopes of an imminent deal to end the war in the Middle East, which has paralyzed maritime traffic in the strategic Strait of Hormuz for months.
THE European stock exchanges opened with a slight decline on Thursday. After a few minutes of trading, London fell the most sharply (-0.75%), followed by Paris (-0.29%) and Frankfurt (-0.22%). Milan kept its balance point (-0.02%).
(Monitoring carried out with AFP and Reuters)
