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☆ To Fight ‘Shrinkflation,’ France Will Force Retailers to Warn Shoppers
▼ + stars: | 2024-04-19 | by ( Liz Alderman | ) www.nytimes.com time to read: 1 min

“Shrinkflation,” the signs say. “This product has seen its volume decrease and the price charged by our supplier increase.”On Friday, the French government took steps to require every food retailer in the country to follow suit. By July 1, stores will have to plaster warnings in front of all products that have been reduced in size without a corresponding price cut, in a bid to combat the consumer scourge known as shrinkflation. “The practice of shrinkflation is a scam,” Bruno Le Maire, France’s finance minister, said in a statement. “We are putting an end to it.”

Persons: “, ” Bruno Le Maire, ” Organizations: France’s, Pepsi Locations: Carrefour

☆ Vertical farming: This GigaFarm in Dubai’s desert could produce 3 million kilograms of food
▼ + stars: | 2024-03-14 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —In 2022, Dubai unveiled the world’s largest vertical farm. Intelligent Growth Solutions (IGS)“Not just another vertical farm”GigaFarm’s vertical farming solution is supplied by IGS, a Scottish company founded in 2013. “This is not just another vertical farm, this is something completely different,” says Lloyd, adding that the recycling model could be applied to any urban area. And it’s not just the UAE that’s interested in vertical farming: Qatar is investing heavily in smart farming, and agritech companies are expanding into Saudi Arabia. However, it will take another decade before we see widespread adoption of vertical farming, and more research is required to increase the number of crops that can be grown, Sharma adds.

Persons: Dubai’s Al, it’s, Oliver Christof, “, Andrew Lloyd, you’ve, ”, Lloyd, AeroFarms, Lloyd —, It’s, ReFarm, Rohit Sharma, Sharma Organizations: CNN, Dubai’s Al Maktoum International Airport, UAE, UN, IGS, University of Wollongong Locations: Dubai, Dubai’s, Dubai’s Al Maktoum, Tech, Scottish, Abu Dhabi, UAE, Ukraine, Russia, Carrefour, Qatar, Saudi Arabia, East, Africa

☆ This fund beat the S&P 500 without holding any Magnificent 7 stocks. Here's what they're buying right now
▼ + stars: | 2024-02-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Picking great stocks and avoiding disastrous investments enabled the Ranmore Global Equity Fund to beat the S & P 500 over the past two years, according to its fund manager. The fund, run by portfolio manager Sean Peche, returned 31% in 2023 compared to 24% for the S & P 500 . The Ranmore fund also outperformed its benchmark with 1.8% total returns in 2022 when the S & P 500 and broader indexes nearly fell into a bear market. The fund manager says they take a probability-based approach with many small positions rather than a few big bets. However, according to the fund manager, the market appears to be undervaluing its cash and securities.

Persons: Sean Peche, Peche, Andrew, there's, Where's, Ranmore, it's Organizations: Ranmore Global Equity Fund, Microsoft, Meta, Petrobras, Japan's Nippon TV, GSK, eBay, of, Bank of America, UBS, Carrefour, ABN AMRO, Nippon Locations: Wall, of London, Europe, Ukraine, U.S, Japan, Holland, Netherlands

☆ Brazil Retail Billionaire Abilio Diniz Dies at 87
▼ + stars: | 2024-02-18 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BRASILIA (Reuters) - Brazilian billionaire Abilio Diniz, who built an empire in the supermarket retail sector, died on Sunday in Sao Paulo, according to his press office. The 87-year-old had been hospitalized at the Albert Einstein Hospital and suffered respiratory failure due to pneumonitis, his press office said in a statement. Diniz played a pivotal role in the history of Brazilian retail, serving most recently as vice-chairman of Carrefour Brasil and as a board member of the French group Carrefour. Diniz remained with the company he founded until 2013, when he took over as chairman of Brazilian food processor BRF, where he served for five years. Photos You Should See View All 33 ImagesIn 2014, Diniz acquired a stake in Carrefour Brasil through his private investment company Peninsula.

Persons: Abilio Diniz, Diniz, Pao de, Marcela Ayres, Chris Reese Organizations: Reuters, Albert Einstein Hospital, Carrefour Brasil, Carrefour, Forbes Locations: BRASILIA, Sao Paulo, French, Carrefour Brasil

PepsiCo got a bump to fourth quarter profits thanks in part to lower charges and continued price hikes, but higher prices have weakened consumer demand for the company's snacks and drinks. Volume for Frito-Lay North America fell 2% in the final quarter of the year, and beverages North America in North America slid 6%. Volume fell 8% in the Quaker Foods North America unit, as the division dealt with a recall. Pepsi has wrestled with higher prices and how to pass those costs along, raising prices by double-digit percentages for several quarters. Its profits are up, though higher prices have dragged down sales as people trade down to cheaper brands.

Persons: Quaker Oats Organizations: PepsiCo, New, Zacks Investment Research, Wall, Frito, Lay, Pepsi, Quaker Foods, Quaker Foods North America, Global, Carrefour, Quaker, Lipton, PepsiCo Inc Locations: New York, America, North America, Europe, Asia Pacific, Australia, New Zealand, China, Quaker Foods North, France, Belgium, Spain, Italy, Purchase , New York

☆ A grocery chain just pulled the ultimate power move over Pepsi
▼ + stars: | 2024-01-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

French grocery chain Carrefour is pulling PepsiCos sodas and snacks from its shelves over higher prices. Carrefour is putting up signs informing customers of "unacceptable price increases," Reuters reported. AdvertisementPepsiCo, one of the world's biggest food companies, reportedly wants to raise prices so much that one grocery store chain in France won't sell its products anymore. Soon shoppers at French chain Carrefour won't be able to buy Lay's chips, Pepsi soda, or other products from the company, Reuters reported on Thursday. Shelves with PepsiCo products will carry signs saying the grocer won't be selling the items anymore due to "unacceptable price increases," a spokesperson for the grocery chain told Reuters.

Persons: PepsiCos, — Organizations: Carrefour, Reuters, PepsiCo, Service, Pepsi, Business Locations: France

Zubale/Handout via REUTERS Acquire Licensing RightsMEXICO CITY, Nov 30 (Reuters) - E-commerce startup Zubale is setting its sights on expanding throughout Brazil and Mexico with a fresh $25 million capital injection, the company said on Thursday. In Mexico, the startup already operates in 90 cities and is eyeing another 40 over the next two years, said Monroy. He added that Zubale plans to first boost the technology behind its gig service in Mexico, Latin America's second-largest economy, to increase both workers' productivity and earnings. Zubale is also going to "speed up market penetration" of its software in Mexico, where the products are "still really green," Monroy said. The $25 million investment announced on Thursday comes from backers such as QED Investors and NFX, and follows a $40 million Series A funding round last year.

Persons: Sebastian Monroy, Zubale, Thiego Goularte, Goularte, Monroy, Kylie Madry, Rashmi Organizations: Reuters, REUTERS Acquire, MEXICO CITY, Carrefour, Sao Paulo, Thomson Locations: Sao Paulo, Brazil, Handout, MEXICO, Mexico, Sao, Rio de Janeiro

☆ French economy contracts in Q3, inflation eases further
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 30 (Reuters) - The French economy contracted by 0.1% in the third quarter of the year, revised data from the statistics office INSEE showed on Thursday, while November inflation eased more than expected. The inflation was down from 4.5% in October, helped by easing price pressure in energy and in the services sector. Food prices rose 7.6% in November, versus 7.8% in October while the increase in energy prices slowed to 3.1% after seeing an increase of 5.2% last month. Month-on-month, prices declined by 0.2% as falling transportation and energy prices offset a month-on-month rise of food prices, especially fresh produce. Reporting by Piotr Lipinski, Zhifan Liu, Editing by Charlotte Van Campenhout and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Bruno Le Maire, Piotr Lipinski, Zhifan Liu, Charlotte Van Campenhout, Gareth Jones Organizations: Carrefour, REUTERS, Rights, Thomson Locations: Montesson, Paris, France, EU

One-litre bottles of extra-virgin olive oil are selling for as much as 14.5 euros ($15.77) in some supermarkets, propelling olive oil into the category of products retailers fit with security tags, alongside spirits, cosmetics and appliances. "Olive oil has become an ideal product for them to steal." STC, a Spanish company providing anti-theft solutions to retailers, saw a 12-fold increase in orders this summer from supermarkets for devices to protect olive oil bottles, managing partner Salvador Canones told Reuters. Spanish police have also uncovered thefts of olive oil from mills and in October arrested two people as part of an investigation into the theft of 56 tonnes of extra virgin olive oil. Among the world's biggest consumers of olive oil, they have already significantly cut back: sales volumes of extra-virgin olive oil fell by 17% in the 12 months to September, according to NielsenIQ.

Persons: Jon Nazca, Ruben Navarro, Navarro, Tu, " Navarro, Salvador Canones, Corina Rodriguez, Helen Reid, Elaine Hardcastle Organizations: REUTERS, Rights, Tu, STC, Reuters, Spanish, Thomson Locations: Olive, Malaga, Spain, Rights MADRID, Spain's Andalucia, Carrefour, Madrid, Spanish

☆ Fact Check: Pro-Palestinian Halloween billboard pictured in Tunisia, not Chicago
▼ + stars: | 2023-11-03 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Multiple pro-Palestinian billboards were put up in the North African country of Tunisia before Halloween, despite online posts sharing an image that miscaptions one of these billboards as in Chicago, Illinois amid the ongoing Israel-Hamas conflict. Various social media users have shared these displays naming the location as Tunisia, including one on Oct. 26 that shows the same billboard as in the miscaptioned social media posts. The billboard, camera angle, streetlamp and buildings in the background match the image shared on social media. Humzah Khan, a Fulbright fellow in Tunisia, shared an image of the billboard on X with the caption, “several billboards like this in Tunis. A pro-Palestinian Halloween billboard seen on social media comes from Tunisia, not the city of Chicago in the U.S.

Persons: Hannachi Issam, Mohamed Bouazizi, VI, Humzah Khan, ” Khan, Al Jazeera, Read Organizations: IN CHICAGO, Chicago, Tunis Tribune, Facebook, Carthage International, Tunisian, Chicago Department of Buildings, Reuters, Thomson Locations: Tunisia, Chicago , Illinois, Israel, Chicago, PALESTINE, Tunis, Gaza, Carthage, la Marsa, Menzah, Marsa, Carrefour, Al, U.S

☆ European stocks open lower as earnings roll in; Standard Chartered plunges 10%; ECB set to hold rates
▼ + stars: | 2023-10-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Auto stocks plunged 3.45% as results disappointed, while travel stocks traded 1.7% lower. European stock markets opened sharply lower Thursday as attention remains on third-quarter earnings and government bond yields. Results are out from a slew of companies including Standard Chartered, BNP Paribas, TotalEnergies, Volvo Cars, Novozymes, Volkswagen, Carrefour, Saab and Wacker Chemie. Meanwhile, monetary policy decisions are due from the European Central Bank — for which markets have priced in a more than 98% likelihood of a hold in interest rates — and the central bank of Turkey, from which economists polled by Reuters anticipate a 500 basis point hike to 35%. The benchmark 10-year Japanese government bond yield hit a fresh 10-year high ahead of a central bank meeting next week, according to Reuters data.

Organizations: Chartered, Standard Chartered, BNP, TotalEnergies, Volvo, Volkswagen, Carrefour, Saab, Wacker Chemie, Investors, Facebook, Meta, European Central Bank —, Reuters, Treasury Locations: London, Turkey, Asia, Pacific

☆ Carrefour confident over year-end even as Q3 sales growth slows
▼ + stars: | 2023-10-25 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

[1/2] A customer pushes a shopping trolley as she shops in a Carrefour supermarket in Montesson near Paris, France, September 13, 2023. Third-quarter sales reached 23.63 billion euros ($25 billion), marking like-for-like growth of 9% which was less than 10.3% growth in the second quarter, Carrefour said, adding it confirmed a cost savings target of 1 billion euros for the year. The sales growth moderation reflected a slowdown in food inflation in Carrefour's core markets of France and Brazil. In France, hypermarket sales rose 4.2% in the third quarter of 2023 compared with a 6.6% rise in the second quarter of 2023. The company said it had achieved 664 million euros out of its 800 million euros buyback programme for 2023.

Persons: Sarah Meyssonnier, Dominique Vidalon, Sudip Kar, Gupta, Mike Harrison Organizations: REUTERS, Rights, Carrefour, Thomson Locations: Carrefour, Montesson, Paris, France, Brazil

☆ European stocks open lower amid earnings; Deutsche Bank up 7% after beating estimates
▼ + stars: | 2023-10-25 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

European markets opened lower Wednesday amid a slew of earnings both in the U.S. and Europe. The Stoxx 600 index slipped 0.2% with sectors mixed, as mining stocks gained 0.67% and retail stocks fell 0.7%. Deutsche Bank shares were 7% higher in early trade. Banking stocks fell Tuesday as Barclays warned of cost-cutting charges. Meanwhile, Alphabet shares tumbled as its cloud business missed analysts' estimates.

Organizations: Deutsche Bank, Banking, Barclays, AkzoNobel, Lloyds Banking Group, Carrefour, U.S, Microsoft Locations: U.S, Europe, Heineken

☆ Euro zone PMI hits lowest in nearly 3 years, stirs recession worries
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +3 min

HCOB's flash euro zone Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good guide to overall economic health, fell to 46.5 in October from September's 47.2, its lowest since November 2020. "In the euro zone, things are moving from bad to worse," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. "We wouldn't be caught off guard to see a mild recession in the euro zone in the second half of this year with two back to back quarters of negative growth." While the 20-country euro zone will narrowly dodge a recession, according to a recent Reuters poll, the economy was expected to have only flatlined last quarter and will do the same again in the current one. The composite employment index fell to 49.4 from 50.8.

Persons: Sarah Meyssonnier, Cyrus de la Rubia, Rubia, Jonathan Cable, Hugh Lawson Organizations: Carrefour, REUTERS, P Global, Hamburg Commercial Bank, Service, PMI, Reuters, Thomson Locations: Montesson, Paris, France, September's, Hamburg

☆ Euro zone consumer confidence falls to -17.9 in October
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: 1 min

A customer shops at a Carrefour supermarket in Montesson near Paris, France, September 13, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsOct 23 (Reuters) - Euro zone consumer confidence fell by 0.1 points in October from the September number, figures released on Monday showed. The European Commission said a flash estimate showed euro zone consumer morale decreased to -17.9 this month from -17.8 in September. In the European Union as a whole, consumer sentiment remained unchanged at -18.7. For European Commission data click on: https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys/latest-business-and-consumer-surveys_en#recent-press-releasesReporting by Anastasiia Kozlova in GdanskOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Anastasiia Kozlova Organizations: Carrefour, REUTERS, European Commission, Reuters, Union, Thomson Locations: Montesson, Paris, France, Gdansk

☆ Euro zone consumers see inflation slightly above ECB target for years
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsFRANKFURT, Oct 11 (Reuters) - Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed, as rate-setters struggle to convince the public that their plans for taming price pressures are on track. While consumer expectations for inflation are by nature imprecise, they can influence wage demands, spending and saving. Consumers' views about inflation in the coming 12 months showed a slight increase to 3.5%, from 3.4% in July. The ECB has said that long-term inflation expectations from economists, investors and consumers are "at around 2%", but cautioned that some projections have risen and should be monitored. But they turned more optimistic about their income - seen growing by 1.2% from 1.1% - and raised their predictions for home price inflation, to 2.3% from 2.1%, for the first time since March.

Persons: Sarah Meyssonnier, Francesco Canepa, Alison Williams, John Stonestreet Organizations: Carrefour, REUTERS, Rights, Central, ECB, Thomson Locations: Montesson, Paris, France

☆ Americas rights court condemns violence against Haiti journalists
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

Oct 3 (Reuters) - The Inter-American Commission on Human Rights (IACHR) on Tuesday condemned an escalation of violence against journalists in Haiti, saying media workers are among those who have been killed, kidnapped and lost their homes as gang violence has surged. The IACHR said around a dozen journalists fled their homes recently as violence escalated in Port-au-Prince's Carrefour-Feuilles neighborhood. The commission cited the kidnappings of at least seven journalists as well as armed attacks at reporters' homes and work places. The response to Haiti's request for assistance was delayed due to difficulties to find a country willing to lead a security assistance mission, until Kenya stepped forward in July with a pledge of 1,000 police. Reporting by Aida Pelaez-Fernandez; Editing by Sarah Morland and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Aida Pelaez, Fernandez, Sarah Morland, David Gregorio Our Organizations: Inter, American, Human Rights, Carrefour, United Nations, Security, Thomson Locations: Haiti, Port, Feuilles, Caribbean, Kenya

Paris/London CNN —Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. “From September 29, the 750 service stations of Leclerc hypermarkets will be selling petrol ‘at cost price’ every day. This, of course, means with no profit,” Michel-Edouard Leclerc, president of the E. Leclerc group, wrote on X, formerly Twitter, Tuesday. Making zero or very little profit on fuel sales may be new for French retailers but their US counterparts have been doing it for years. Gasoline sales at the warehouse clubs are an important part of their business and draw customers inside.

Persons: Leclerc hypermarkets, ” Michel, Edouard Leclerc, Leclerc, Emmanuel Macron, “, ” Leclerc, ” Organizations: London CNN, Carrefour, CNN, US, Costco, BJ’s Wholesale, Sam’s Locations: Paris, London, France

The data, compiled by NielsenIQ, showed overall sales volumes for shower gel, tampons, dishwashing products, laundry detergent and toilet paper declined in the year ended Sept. 17. Reuters GraphicsMajor brands like Ariel laundry detergent and Dove soaps have for years dominated the market versus retailers' private label goods. But the NielsenIQ data shows volumes for private label personal products are inching up while those for big brands decline. For instance, shower gel volumes fell 6% overall and 10% for big brands but rose 14% for private label products. Similarly, while laundry detergent volumes were down about 2% across the category and fell 10% for big brands, they surged 28% for private label brands.

Persons: Sarah Meyssonnier, NielsenIQ, Anton Delbarre, Emmanuel Macron's, Bernstein, Bruno Monteyne, Alexandre Bompard, Henkel, Eurocommerce, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Carrefour, REUTERS, Unilever, Reuters, Nestle, Pepsico, Reuters Graphics, Consumer, Procter, Gamble, Delbarre, Thomson Locations: Montesson, Paris, France

☆ Euro zone economy likely contracted this quarter
▼ + stars: | 2023-09-22 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

LONDON, Sept 22 (Reuters) - The euro zone economy is likely contract this quarter and won't return to growth anytime soon, a survey showed, as the dampening effect of central banks' long campaign of interest rates rises becomes clearer. HCOB's flash euro zone Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, rose to 47.1 in September from August's 33-month low of 46.7. "The increase in the ECB key interest rate by 450 basis points in the meantime is slowing down the economy in all euro countries." OUT OF ORDERSeptember's fall in overall activity in the euro zone came despite firms barely increasing their charges. The services PMI rose to 48.4 from 47.9 but spent its second month below the breakeven mark this year.

Persons: Christoph Weil, France's, Andrew Bailey, Sarah Meyssonnier, Bert Colijn, Jonathan Cable, Toby Chopra Organizations: P Global, August's, Hamburg Commercial Bank, ECB, PMI, European Union, Bank of England, Carrefour, REUTERS, European Central Bank, ING, Thomson Locations: Hamburg, Germany, Commerzbank, Europe's, Britain, Montesson, Paris, France, Spain

Sept 20 (Reuters) - Consumer goods firms like Nestle (NESN.S), Lindt (LISN.S) and Unilever (ULVR.L) may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. France is a crucial country for consumer goods companies, having long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenues, according to research firm IBISWorld. That means consumer groups will face pressure to rein back prices across the European Union. Because these supermarkets are in different countries and do not compete with one another, they often combine forces to negotiate with consumer goods makers. Consumer goods makers have for more than two years grappled with sky-rocketing input, supply chain and labour costs that they have either absorbed - taking a hit to margins - or passed on to retailers.

Persons: It's, Laurent Thoumine, Thoumine, Ferrero's, Pernod Ricard's Ricard, Systeme, Germany's, Switzerland's, Italy's, Philippe Michaud, Leclerc, Bruno Le Maire, Le Maire, Richard Saldanha, Lindt, Saldanha, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Consumer, Nestle, Unilever, Carrefour, PepsiCo, European, Reuters, European Union, Epic Partners, French Finance, Aviva Investors, Paris, Thomson Locations: Europe, France, Germany, Italy, Spain, Eurelec

☆ Haitian gangs call for armed overthrow of PM Henry as chaos escalates
▼ + stars: | 2023-09-20 | by ( Ralph Tedy Erol | ) www.reuters.com time to read: +2 min

Former police officer Jimmy "Barbecue" Cherizier, leader of the 'G9' coalition, leads a march surrounded by his security against Haiti's Prime Minister Ariel Henry, in Port-au-Prince, Haiti. "We are launching the fight to overturn Ariel Henry's government in any way," gang leader Cherizier told Reuters. The assassination created a power vacuum, with Prime Minister Ariel Henry governing on an interim basis since. Henry has pledged to hold elections once security is re-established, and has called for international help in fighting the gangs. "If the international community has nothing to do with (Moise's) death, they must not support Ariel Henry."

Persons: Jimmy, Ariel Henry, Ralph Tedy Erol, Ariel Henry's, Cherizier, Jovenel Moise, Henry, Kylie Madry, Alex Richardson Organizations: Haiti's, REUTERS, Reuters, United Nations, Thomson Locations: Port, Prince, Haiti, Carrefour, Kenya

☆ French supermarkets to demand food groups cut prices by up to 5%
▼ + stars: | 2023-09-20 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government has also put pressure on the consumer goods makers to cut prices. "We should probably be able to demand that the big (consumer goods) groups cut prices by between 2% and 5%," he said. Consumer goods firms are likely to face increased pressure across Europe to cut prices, industry experts say. Lawmakers also asked about buying alliances, which some supermarkets use to negotiate prices jointly with peers at the European level, and whether they enable retailers to evade French regulations on pricing.

Persons: Sarah Meyssonnier, Les Mousquetaires, Thierry Cotillard, Cotillard, Mousquetaires, Jan, Alexandre Bompard, Lawmakers, Systeme, Dominique Schelcher, E Leclerc, Philippe Michaud, Miloud, Leclerc, Michaud, Helen Reid, Hugh Lawson Organizations: REUTERS, Unilever, Nestle, Carrefour, Senate, REWE, Thomson Locations: Carrefour, Montesson, Paris, France, Portugal, Spain, Europe, Greece, London

☆ Haitian Gangs Call for Armed Overthrow of PM Henry as Chaos Escalates
▼ + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

The assassination created a power vacuum, with Prime Minister Ariel Henry governing on an interim basis since. Henry has pledged to hold elections once security is re-established, and has called for international help in fighting the gangs. "If the international community has nothing to do with (Moise's) death, they must not support Ariel Henry." More than 19,000 people have been displaced from the capital in recent weeks due to the outbreak of armed violence, according to U.N. estimates. (Reporting by Ralph Tedy Erol; Writing by Kylie Madry; Editing by Alex Richardson)

Persons: Ralph Tedy Erol PORT, Ariel Henry, Jimmy, Ariel Henry's, Cherizier, Jovenel Moise, Henry, Ralph Tedy Erol, Kylie Madry, Alex Richardson Organizations: Reuters, United Nations Locations: Port, Haiti, Carrefour, Kenya

☆ France to let fuel retailers sell below cost in inflation fight, prime minister says
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

PARIS, Sept 16 (Reuters) - The French government plans to temporarily lift a ban on retailers selling road fuel below cost as part of efforts to stem inflationary pressures on households, Prime Minister Elisabeth Borne told newspaper Le Parisien. A renewed surge in pump prices this summer has complicated the government's attempts to curb consumer inflation, with ministers calling on fuel and food industries to cut their margins. TotalEnergies (TTEF.PA) has extended a cap on fuel prices past the end of the year while some supermarket chains have held promotions to sell petrol at cost. "With this unprecedented measure, we will obtain tangible results for the French people, without subsidising fuel," she said in an interview published on Saturday. Regarding food prices, Borne told Le Parisien that companies from November would be required to indicate on labels when they modify the size of a product.

Persons: Elisabeth Borne, Le, Borne, Bruno Le Maire, Le Parisien, Gus Trompiz, Camille Raynaud, Jason Neely Organizations: Finance, Carrefour, Thomson

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