Your Evening Briefing

Here are today’s top stories for Europe.

The evening briefing will soon be available in your inbox every day. Sign up here.

Marine Le Pen’s eye rolling and head shaking didn’t seem to go over well with viewers of last night’s French presidential debate, an unprecedented face-off among 11 candidates. A poll showed that 11 percent of viewers thought the National Front leader performed best in the debate, compared with 25 percent for Communist-backed Jean-Luc Melenchon and 21 percent for front-runner Emmanuel Macron. One of the minor candidates invoked Hitler and Islamic State to criticize corporations and capitalism. For complete election coverage, check out our special report. — Andy Reinhardt

Whistle blower. A former Cantor Fitzgerald debt salesman told a London court that he was let go for telling superiors that two traders misled clients and for refusing to go along with a corporate culture where unlawful activity appeared to be “second nature.” He is suing the firm for unfair dismissal.

Weeding out bad content. Germany is pursuing legislation that threatens social networks such as Facebook with fines of as much as €50 million if they fail to give users the option to complain about hate speech and fake news or refuse to remove illegal content. If passed by parliament, the measures would be the toughest regulation Facebook faces in any country where it operates.

$60 billion. That’s how much it could cost the global fleet of merchant ships to comply with emission rules that start in 2020. The measure mandates using a higher grade of fuel that decreases the amount of sulfur belched into the atmosphere. But it comes with a price tag sure to sting the 90,000 vessels that handle about 90 percent of global trade. Their profits have already declined since the 2008-2009 recession.

A Panera Bread Co. sandwich and chips are arranged for a photograph in Tiskilwa, Illinois, U.S., on Thursday, Oct. 22, 2015. Panera Bread Co. is expected to report quarterly earnings on October 27. Photographer: Daniel Acker/Bloomberg

A Panera Bread Co. lunch in Tiskilwa, Illinois.

Photographer: Daniel Acker/Bloomberg

That’s some bread, now. JAB Holding, the sprawling investment vehicle of Austria’s billionaire Reimann family, already owns Krispy Kreme and Douwe Egberts. Today it agreed to buy American bakery-cafe chain Panera Bread for about $7.2 billion, adding to a food empire that spans coffee, bagels, and doughnuts.

Sick of living in limbo. Foreign employees at some of London’s biggest banks are asking to be moved back home, tired of waiting and wondering whether their jobs will be moved or cut as Brexit starts to bite. Staff at Citigroup, Goldman Sachs, and HSBC have volunteered to return to their countries inside the EU, should their employers need to relocate staff after Brexit.

And the winner is... The eagerly-anticipated annual World’s 50 Best Restaurants awards were released today, and for the first time since 2004, an American restaurant won: Eleven Madison Park in New York City. Six of the top 10 were in Europe, including last year’s No. 1, Osteria Francescana in Modena, Italy, and 2013 winner El Celler de Can Roca in Girona, Spain.

Eleven Madison Park

Edited by Andy Reinhardt and Leila Taha

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE