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France seeks to limit financial hit from submarine fiasco

The French government is seeking to limit any financial hit to the company that signed a now-cancelled submarine deal with Australia. Hundreds of jobs could be at risk. Also in today's show. IMF chief Kristalina Geeorgieva denies allegations that she pressed World Bank staff to alter a report in a bid to avoid angering Beijing, and British retailer M&S is to close over half its stores in France by the end of the year.

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