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French banks, including Crédit Agricole, have struggled to reap benefits of higher interest rates at home

Resilience at investment bank provides one bright spot for chief executive

Shares have fallen 19% since CEO outlined new strategy focusing on capital rather than growth

French bank offset weak fixed income trading revenues with better performance elsewhere in investment bank

Lessons from other countries highlight importance of political consensus to fix chronic funding shortfall

Meta’s Mark Zuckerberg and X’s Linda Yaccarino are among five social media heads to face questioning by Congress

Also in this newsletter: Walz makes debut at Democratic rally, UK economy post-Covid, Nobel winner calls for calm in Bangladesh

Deal gives platform popular with meme-stock traders a market value of $9bn

The dopamine hit of smartphone scrolling makes reading a book feel more effortful — but the rewards are worth the extra effort

Other challenges include price and taste expectations, with Gen Zers most likely to succumb