Economy · July 2026

France, July 23 – TotalEnergies reported a 68% increase in quarterly profit to $6 billion, driven by higher oil prices and refining margins, with first-half earnings reaching $11.2 billion. The company is nearing a final investment decision on a major oil project in Namibia. ECB President Christine Lagarde said she will remain in her role at least until the end of the year. BNP Paribas profits surged by a third after a trading boom. France faces higher borrowing costs as bond yields cross 4%. Microsoft and Mistral expanded their AI partnership for regulated industries.