Cinven Leads Bidding for French Data Services Firm Artefact
The private equity firm is putting the finishing touches on a purchase of the Ardian -backed business after beating out rival buyout shops, according to the people, who asked not to be identified discussing confidential information.
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Eater
9 hours ago
- Eater
One of Capitol Hill's Most Celebrated Restaurants Has Abruptly Closed
Capitol Hill's Stateside, where the Vietnamese-French food has been drawing rave reviews since it opened a decade ago, is now permanently closed, owner Eric Johnson announced in a short Instagram post on Monday, August 4. 'Thanks for the memories Seattle!!!' read the announcement in full. This is something of a shock to the Seattle dining world. Stateside has been a critical darling since it opened; it was Seattle Met's Restaurant of the Year in 2015, and the magazine singled out its iced-coffee creamsicles, crispy duck fresh rolls, and chili cumin pork ribs. Stateside was also known for its crispy chicken served with a master stock that Johnson and his team have been using and reusing for literal years. In 2016, Stateside opened a sibling bar next door, called Foreign National, and together the two businesses have become cornerstones of the local scene. 'Almost a decade in, Stateside is still a Seattle go-to,' wrote the New York Times when it put Stateside on its most recent list of the city's best restaurants. Johnson opened Stateside after years of working in high-end kitchens in Paris, New York, and China. In 2016, he told Munchies that 'I start with Vietnamese food as a baseline for my cooking and I take some liberties in Chinese and French directions.' In that interview, he said that Stateside has dealt with skepticism from a couple different directions — from Vietnamese people skeptical that a non-Vietnamese chef knows his way around their cuisine, and from diners conditioned to think that Vietnamese food should be cheap. Judging by the restaurant's success and longevity, there aren't a lot of skeptics left. On Thursday, July 31, Johnson announced that Foreign National would be closing after that night. Stateside is closing with even less notice — there will be no farewell tour, no time for guests to get one last taste of that master stock. Reached by email, Johnson said that the closures were due to the lease being up. Eater Seattle All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Yahoo
10 hours ago
- Yahoo
Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It
France's far-right political bloc is pushing an ambitious plan to mine Bitcoin (CRYPTO: BTC) using excess energy generated by the country's nuclear power plants. What Happened: The initiative, led by Rassemblement National (RN) lawmakers, marks a striking turn from the party's prior hostility toward cryptocurrencies, and signals a broader ideological shift within European digital asset politics, according to a local news report published on July 30. During a March visit to the Flamanville nuclear facility, party leader Marine Le Pen endorsed the idea of using surplus electricity to power Bitcoin mining operations. The plan would place high-performance computing rigs directly at nuclear sites, converting idle energy into freshly minted Bitcoin, now valued at over €100,000 each. "This is a secure and highly profitable solution," said RN lawmaker Aurélien Lopez-Liguori, who is currently drafting legislation to bring the concept to parliament. He contrasted the proposal with environmentalist positions, stating, "For the Greens, the best energy is what isn't produced. For us, it's energy that isn't wasted." Also Read: Why It Matters: While this marks RN's most concrete proposal on crypto to date, the party's stance on digital currencies has shifted dramatically over the years, from calls to ban them in 2016 to active promotion in 2025. Despite growing enthusiasm among RN members, internal skepticism persists. Senior party official Jean-Philippe Tanguy expressed concern about relinquishing state control over money, warning against "currency independence"—a direct challenge to Bitcoin's original anti-centralization ethos. The RN's sudden embrace of Bitcoin isn't isolated. Other far-right figures, including Sarah Knafo of the Reconquête! party and conservative politician Eric Ciotti, have also championed Bitcoin, with some even calling for France to build national reserves in the digital currency. They cite leaders like Donald Trump and Nayib Bukele as models for blending nationalism with pro-crypto policies. This alignment has deepened ties between right-wing politicians and French crypto entrepreneurs. Some founders, including Ledger's Eric Larchevêque and Paymium's Pierre Noizat, have publicly appeared at far-right events, especially following security threats involving their families. Their comments have increasingly echoed nationalist rhetoric, criticizing the French welfare state and immigration policies while advocating for a "libertarian revival" in Europe. Meanwhile, crypto industry groups lament the politicization of digital assets in France, which they say has been exacerbated by left-wing disengagement. As mainstream parties remain cautious, often citing environmental risks or criminal misuse, industry voices warn that leaving the debate to the far right risks skewing the public narrative. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
13 hours ago
- Yahoo
Shein Fined 40 Million Euros for Fake Discounts by French Competition Authority
PARIS – France is continuing to take aim at Shein, this time from another angle. The ultra-fast fashion giant has been fined a record 40 million euros by the France's anti-trust authority, the French Directorate General for Competition, Consumer Affairs and Fraud (DGCCRF). More from WWD Nouvel Héritage Marks 10-year Anniversary With Debut High Jewelry Collection Maison&Objet's Managing Director Mélanie Leroy Resigns Shein's Donald Tang Makes His Case in France, as Company's Sustainability Report Shows Rising Emissions The authority claimed that the Singapore-based Chinese brand's pricing practices were deceptive, offering customers 'discounts' which didn't exist. The DGCCRF alleged that Shein would raise prices before lowering them to appear as if they were giving customers a good deal. It follows a nearly year-long investigation by the DGCCRF which found that Shein had misled customers between October 2022 and August 2023. The authority found that 57 percent of Shein promotions did not represent a lower price; 19 percent offered discounts smaller than advertised, and 11 percent were price increases disguised as sales. The findings are based on French regulations that require any advertised discount must reference the lowest price offered by the seller in the previous 30 days. Investigators found that Shein repeatedly broke this rule, inflating original prices before applying discounts or referencing prices that were not valid. In a statement to Agence France Presse, the company said that its French subsidiary, Infinite Style E-commerce Limited (ISEL), had been notified of the violations in March 2023, and taken corrective measures within two months. 'This means that all identified issues were addressed more than a year ago,' the company said, emphasizing its commitment to regulatory compliance in France. Shein has been under scrutiny in France. In June, the French Senate passed a bill targeting Shein and other 'ultra-fast fashion' players, including Temu, by proposing a tax on small parcels shipped from outside the European Union ranging from 2 to 4 euros per package. The fee is intended to slow the influx of packages from Chinese platforms to France. In 2024, Shein and Temu together shipped 800 million packages to France — more than half of all parcels sent to the country. A few days later, Shein executive chair Donald Tang took to the stage at Paris' VivaTech conference to defend the company's business model. During his appearance, he said Shein is 'not fast fashion;' instead it is 'fashion-on-demand' and only produces what the market wants. The bill needs to be validated by the EU, then will return to the Assembly where a stronger version passed in 2024, for a reconciliation process and final vote. That is expected to take place around October. Best of WWD Pandemic Has Stoked Appetite for French Luxury, Survey Finds U.S. Sets Strategic Vision for China Trade Policy Furmark's Farm-to-Shopfloor Tracing Tags Set for International Debut Solve the daily Crossword
