Morgan Stanley Plans to Add 100 Jobs to Its Paris Hub

-- Morgan Stanley plans to add 100 staff to its Paris hub, Finance Minister Bruno Le Maire said as he unveiled several new foreign investments in France .How One Brooklyn Neighborhood Became a Nightclub Haven

Other investments previewed by Le Maire include two factories to help make France a “decarbonized industry” leader. Swiss-based KL1 is set to invest €300 million in a nickel refining plant with 200 employees in Blanquefort, near Bordeaux. The metal is a key component of batteries for electric vehicles.

About €3 billion of tech and AI related projects are set to be unveiled, les Echos reported on Thursday, with new data centers to be built by Amazon, KDDI and Equinix.Paris in recent years has grown as a financial center, attracting banks and hedge funds that sought a foothold in the EU following Brexit.

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High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the financial system, Mark Zandi said.OTTAWA — The odds of a June interest rate cut from the Bank of Canada appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters' expectations and marked the largest employment increase in more than a year.

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