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AdvertisementIn the years since the US and its NATO allies left Afghanistan, a particularly violent branch of the Islamic State terror group has grown stronger. During the first few years of its existence, ISIS-K attacks were mainly confined to Afghanistan and Pakistan. The first year under the Taliban's rule saw a sharp uptick in terror attacks inside Afghanistan. But that trend has changed in recent months; attacks inside the country declined while attacks beyond its borders have increased. Thus, the conditions inside Afghanistan have awarded the terror group space to develop a greater capacity to stage external attacks.
Persons: , Joseph Votel, Hamid, Taylor Crul, Michael Kugelman, Kugelman, MARCUS YAM, Votel, that's, Doug Ellis, Qassem, STRINGER, Michael Kurilla, John Kirby, Biden, Kirby Organizations: Service, NATO, 82nd Airborne Division, U.S . Air Force, US Air Force, REUTERS ISIS, Islamic, ISIS, Department of Defense, Hamid, AP, South Asia Institute, Wilson, Kabul International Airport, ANGELES, US Central Command, Security Forces, Staff, Getty, White, National Security, Department, Defense Locations: Afghanistan, Moscow, Kabul, Handout, Khorasan Provence, Iraq, Syria, Pakistan, Washington, Darzab district, Jowzjan province, Mar, Iran, Central Asia, Iranian, Kerman, Europe, Russia, Islamic State, Crocus, American, Achin, Nangarhar Province
Paris (Reuters) — Guadeloupe-born author Maryse Conde, who wrote about colonialism, slavery and the French-Caribbean diaspora, died in southern France on Monday at the age of 90. Often cited as a potential winner of the Nobel prize for literature, Conde was awarded the New Academy Prize in Literature in 2018, created after the Swedish Academy postponed that year’s literary Nobel in the aftermath of a rape scandal. “A literary giant, Maryse Conde paints a picture of sorrow and hope, from Guadaloupe to Africa, from the Caribbean to Provence. “Segu” won Conde several awards, including a Fulbright scholarship, and she went on to teach literature at Columbia University in New York, several other US universities and at the Sorbonne in Paris. French Foreign Trade and Language minister Franck Riester said Conde was a leading light of French literature and theatre.
Persons: Maryse Conde, Conde, Emmanuel Macron, , ” Conde, “ Segu ”, Salem, Mamadou Conde, Richard Philcox, Philcox, Franck Riester Organizations: Paris, , New, Swedish Academy, New Academy, Columbia University, Sorbonne, Agence France, Presse, Foreign Trade Locations: — Guadeloupe, French, Caribbean, France, Guadaloupe, Africa, Provence, Mali, Brazil, New York, Paris, Pointe, Guinean, Apt
In Kyoto, Five Hotels to Add to Your Travel Wish List
  + stars: | 2024-04-01 | by ( John Wogan | ) www.nytimes.com   time to read: +1 min
Andre Fu, the interior designer behind hotels like the Upper House in Hong Kong and Villa La Coste in Aix-en-Provence, France, has infused his signature aesthetic (extravagantly refined, with warm woods and luxurious textures) within the confines of a particularly historic area of Kyoto. The 161-room Mitsui, opened in late 2020, sits across from Nijo Castle, an enormous 17th-century compound and a UNESCO World Heritage site. It’s in stark contrast to the hotel, whose only timeworn element is an imposing entrance gate — a traditional wood structure over 300 years old and a remnant of the days when the Mitsui family lived on the grounds. Once past the gate, you’ll find a glass-and-steel building, designed by the Japanese architect Akira Kuryu, and landscaping that’s meant to echo the original garden pathways of the Mitsui residence, planted with cherry trees and steppingstones that meander above a glassy pond. Rooms from about $1,360 a night.
Persons: Andre Fu, Villa, Mitsui, Akira Kuryu, Tetsuya Asano Organizations: Villa La Coste, Mitsui, UNESCO, Ritz Paris Locations: Hong Kong, Aix, Provence, France, Kyoto, Nijo
Multipurpose frigatesFrench Navy Frigate FS Languedoc transits alongside USS Harry S. Truman during an air and sea power demonstration. US Navy photo by Mass Communication Specialist 3rd Class T'ara TrippThe Languedoc and the Alsace are both multipurpose frigates part of the FREMM family of warships. Under the FREMM initiative, or "European multi-purpose frigate" project, the ships were developed by France and Italy. Initially, 27 FREMM frigates — 17 for France and 10 for Italy — were planned for development with three proposed variants: an anti-submarine variant, a general-purpose variant, and a land-attack variant. These include the lead ship FS Aquitaine, as well as FS Provence, FS Languedoc, FS Auvergne, FS Bretagne, FS Normandie, FS Alsace, and FS Lorraine.
Persons: Harry S, Truman, T'ara Tripp, Italy — Organizations: French Navy, US Navy, Italy, FS, FS Bretagne, FS Normandie, FS Lorraine Locations: Languedoc, Alsace, France, Italy, Aquitaine, FS Aquitaine, Auvergne
PARIS (AP) — France is getting ready to show its gratitude toward World War II veterans who will return, many for the last time, to Normandy beaches this year for 80th anniversary commemorations of D-Day to mark the defeat of the Nazis. And we have to tell them,” Philippe Étienne, chairman of the Liberation Mission, the specially created body that organizes the 80th anniversary commemorations, told The Associated Press. “The civilians were part of this (World War II) conflict because they suffered and they supported fighters. Russian President Vladimir Putin, who had been present for the 70th anniversary of D-Day, wasn't expected to be invited this year. French authorities are notably considering launching an nationwide operation to collect family documents, objects and audiovisual material related to World War II that would help keep the memory alive.
Persons: Emmanuel Macron, ” Philippe Étienne, Étienne, , It’s, Michel Delion, Vladimir Putin, wasn't, Putin didn't, Putin, , , Fabien Sudry Organizations: PARIS, , Omaha Beach, Paris, Associated Press, Legion, Nazi, Soviet, Allied Locations: — France, Normandy, Britain, U.S, Canada, France, United States, Europe, Ukraine, Russian, Rome, Soviet Union, Provence, Paris, Strasbourg, Germany, Nazi Germany, Africa
“I just had a passion for Italy,” Aileen tells CNN Travel. Italian dreamTom and Aileen White purchased a home in the Italian village of Exilles back in 2017. “They met us the next day and we bought the house on a handshake,” explains Aileen, who runs a real estate consultancy. The couple say they faced some minor issues during the sale process, particularly with regards to opening an Italian bank account, but were able to overcome this hurdle with the help of an Italy-based attorney. ‘Magical place’The couple say that they've been embraced "like family" by the local community in Exilles.
Persons: Aileen, Tom Winter, who’ve, , ” Aileen, Tom, Aileen White, , they've, , Winters, they’ve, Torre Piccolo, Li Americani, “ Everyone’s, it’s, ” “, Exilles, “ We’ve, they’re, “ Don’t, he’s Organizations: CNN, CNN Travel, realtors, Gran Bosco, Torre Piccolo Locations: Italy, Boulder , Colorado, Susa, Piedmont, Italian, Exilles, Turin, , , Provence, Tuscany, Spain
This is the Côte d’Azur, the grand dame destination for European vacations. And no one artist is as synonymous with the Côte d’Azur as Henri Matisse. And it’s also one of the raw ingredients for another quintessentially Côte d’Azur product: Perfume. At Fragonard, they can also help you create your own personalized scent, something to remember the Côte d’Azur by. The Côte d’Azur is a spectacular place, somewhere that taps into a sense of elegance and retains a charm and beauty that is redolent of years gone by.
Persons: CNN —, bonne, St Tropez, Romulo Yanes, Condé Nast, Vanessa Massé, Massé, , it’s, Fleur de Courgette, Saint Paul de Vence, Gabrielle Therin, Henri Matisse, , Florence Tournier, Matisse, Picasso, Renoir, Monet, Chagall, Tournier, Pierre Longnus, Jean, Pierre Jaubert, Lavender, Jaubert, gesturing, Jessica Buchanan, Bénédicte, Karina Hidalgo, Hidalgo, Buchanan Organizations: CNN, St, Michelin, Getty, Mediterranee, Bank Locations: Cassis, Menton, France, Antibes, Cannes, Nice, Monaco, Provence, Saint, Paris, , Aix, Grasse, Fragonard
PARIS, Sept 24 (Reuters) - Randal Kolo Muani and Goncalo Ramos scored their first goals for Paris St Germain as the French champions crushed bitter rivals Olympique de Marseille 4-0 in Ligue 1 on Sunday. Kolo Muani and Ramos, with a brace, added to Achraf Hakimi's early opener to lift PSG up to third in the standings with 11 points from six games, two behind surprise leaders Stade Brestois. Marseille, who have had a rough week off the field amid a feud with their fans, are seventh on nine points. The night ended with PSG fans in the Boulogne kop celebrating with homophobic chants, and a big part of the crowd clapping along. The chants briefly stopped when Ramos scored the fourth goal after being set up by Kolo Muani at the end of a sharp counter-attack.
Persons: Randal Kolo Muani, Goncalo Ramos, Paris St Germain, Kolo Muani, Ramos, Achraf, Kylian Mbappe, We're, Luis Enrique, Marcelino, Pablo Longoria, Frank McCourt, Jacques Abardonado, Enrique, Hakimi, Mbappe, Marcelo Ramos, Bradley Barcola, Pau Lopez's, Muani, Azzedine, Ilian, Ousmane Dembele's, Morgan Guilavogui, Julien Pretot, Clare Fallon Organizations: Paris St, Olympique de Marseille, Ligue, PSG, Stade Brestois, Parc des Princes, Marseille, OM, Vitinha, RC Lens, Toulouse, Sevilla, Champions League, Thomson Locations: Parc des, Provence, France, Marseille, Boulogne
[1/6] A general view of damage in the historic city of Marrakech, following a powerful earthquake in Morocco, September 9. ****OFFERS OF FOREIGN AID AND SUPPORTALGERIAAlgeria, which broke off ties with Morocco two years ago, said it would open its air space for humanitarian and medical flights to Morocco. TURKEYThe Turkish Foreign Ministry said Ankara was ready to provide all kinds of support "to heal the wounds of the earthquake in Morocco". Valerie Pecresse, president of the Paris region, said on X it was offering 500,000 euros ($535,000)in aid for Morocco. -------------**** ASSISTANCE TO FOREIGN NATIONALSFRANCEThe French Foreign Ministry said its embassy in Morocco and the ministry in Paris have opened crisis centres "to respond to demands for information or help from our compatriots."
Persons: Abdelhak, Algeria's, Olaf Scholz, Antony Blinken, Valerie Pecresse, Benoit Payan, Jose Manuel Albares, Antonio Nogales, Eli Cohen, , Israel's Magen David Adom, Magen David Adom, Kais Saied, Nawaf Al, Ahmad Al, Jaber, Marcel Ciolacu, NARENDRA MODI, VLADIMIR PUTIN, MOHAMMED VI, KRISTALINA GEORGIEVA, TAYYIP ERDOGAN, ANNALENA, EMMANUEL MACRON, FELIPE, Tomasz Janowski, Frances Kerry Organizations: REUTERS, Turkish Foreign Ministry, UNITED STATES Secretary, French Foreign Ministry, Morocco, Cote d'Azur, Orange, Spain's, Moroccan, ISRAEL, Crescent, Ministry of Health, Israel Defense Forces, INDIAN, IMF, Bank, MINISTRY, Facebook, Ministry of Foreign Affairs, Thomson Locations: Marrakech, Morocco, ALGERIA Algeria, Moroccan, TURKEY, Ankara, AFAD, Turkish, Turkey, GERMANY, New Delhi, Germany, United States, FRANCE, France, Paris, Marseille, Marseille's, Occitanie, Corsica, Provence, Alpes, Belgium, Poland, Romania, Slovakia, SPAIN, TUNISIA, Tunisian, KUWAIT, Jaber Al, Sabah, ROMANIA, TAIWAN, Algeria, Kingdom of Morocco, EMIRATES, German, Rabat
Dark RedsNot a particularly helpful designation as color in red wines can mean little. The assumption is that the darker the color the denser and more tannic the wine, but it’s not true. One exception with color: Young reds will be brighter while well-aged wines will seem duller and paler around the edges. It’s both the oldest method and newly fashionable, and produces somewhat simple wines that can be fresh and delicious. Last is the tank method, used for inexpensive sparkling wines produced in quantity, like Prosecco.
Organizations: Reds Locations: Provence, Champagne
[1/2] A general view shows the city of Lyon after sunrise from the Fourviere esplanade as France issued a "red alert" for four southern regions amid a spell of excessively hot weather, especially in the Rhone valley, France, August 22, 2023. The Haute-Savoie region, which includes the French side of the Mont Blanc, is among the 49 departments under an orange alert for high temperatures. France's weather service on Tuesday widened its "red alert", the most serious warning, to include 15 more departments from Wednesday, which will cover large swathes of the southeastern Provence region and some areas to the southwest. HIGHEST ALERT LEVELMeteo France on Monday issued a red alert for four departments around the Rhone valley - Rhone, Drome, Ardeche and Haute-Loire. It has now added the departments of l’Ain, la Loire, l’Isère, la Lozère, le Gard, le Vaucluse, l’Hérault, l’Aveyron, le Tarn, le Tarn et Garonne, l’Aude, le Lot, le Lot et Garonne, la Haute Garonne and le Gers.
Persons: Cecile Mantovani, Mont, Aurelien Rousseau, Jerome Despey, FNSEA, Marc Fesneau, Dominique Vidalon, Sybille de la, Angus MacSwan, Bernadette Baum, Conor Humphries Organizations: REUTERS, Authorities, Agriculture, Thomson Locations: Lyon, France, Rhone, Blanc, Europe's, Haute, Savoie, Mont Blanc, Provence, Drome, Ardeche, Loire, l’Ain, la, l’Isère, le Gard, le Vaucluse, l’Hérault, le, Garonne, l’Aude, la Haute Garonne, le Gers, Languedoc, Burgundy, Meteo France, Toulouse
Saudi Arabia is reportedly considering a large number of French-made Dassault Rafale fighter jets. In July, Germany announced it would not allow additional Eurofighter Typhoon fighter jets to be delivered Saudi Arabia. The Saudi air force's 72 Eurofighters are its second most numerous fighter type behind its US-made F-15s. Bandar Algaloud/ReutersIn the near-term, Saudi Arabia may find Rafales more burdensome than beneficial, given its extensive investment in US and British aircraft. A Saudi Air Force F-15 taxis for takeoff at King Faisal Air Base in February 2021.
Persons: France's, Toni Anne Barson, Sebastien Roblin, Prince Mohammed bin Salman, Joe Biden, Roblin, Salman, FAYEZ NURELDINE, Ryan Bohl, RANE, Rafales, Jamal Khashoggi, Bohl, Justin Bronk, Katherine Walters, Paul Iddon Organizations: Dassault Rafale, Saudi, Service, Privacy Policy, France's La Tribune, Eurofighter Typhoon, United Arab, La Tribune, French Dassault Rafale, Saudi Eurofighter Typhoon, Getty, East, NATO, Bandar Algaloud, Reuters, British, Royal Saudi Air Force, Royal United Services Institute, Saudi Air Force, King Faisal Air Base, US Air Force, Staff, Rafale, Washington Locations: Saudi Arabia, British, Riyadh, Wall, Silicon, Privacy Policy Saudi Arabia, Saudi, Germany, United Arab Emirates, Qatar, French, Provence, Washington, Yemen, Iran, China, France, AFP, London, Russia, North Africa, NATO, United States, Bandar, Croatia, Egypt, India, Indonesia, Greece
Growing up, the conductor Maxime Pascal was a self-identified musical dilettante. As a child in the south of France, he had some skill on the violin, and sat in on the piano lessons his mother taught. Now, though, Pascal, 37, is arguably his generation’s finest conductor of 20th-century music, as well as an essential interpreter of contemporary works. And his schedule reflects both the breadth of his ambition and the respect he has garnered on some of the industry’s most prestigious stages. This month, Pascal is at the podium of the Vienna Philharmonic for the Martinu rarity “The Greek Passion” at the Salzburg Festival in Austria.
Persons: Maxime Pascal, Pascal, , Pierre Audi, Le Balcon, Kurt Weill, Bertolt Brecht’s Organizations: New Orleans, Threepenny Opera, Vienna Philharmonic, Salzburg Festival Locations: France, Aix, Provence, Austria, Paris
Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.
Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, , ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, , sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, , Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, , Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, , Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam
watch nowThe Covid-19 pandemic, rather than Joe Biden's economic policies and stimulus packages, is the "real cause" of high inflation, according to a member of the U.S. President's Council of Economic Advisers. "Had we done that, and the United States' inflation spiked higher than anyone else, well, maybe you could make the case that it was about that policy," Boushey added. "But the reality is, is that that isn't what happened — yes, the United States had inflation, but so did other countries that did not have the same policies." "So the inflation, the real cause was the global pandemic, and that is about the resiliency of our global supply chains." Expanding on her point, Boushey said this was why the U.S. was "making the investments that we need to make."
Persons: Joe Biden's, Heather Boushey, Charlotte Reed, Boushey Organizations: President's, Economic Advisers, American, Congress Locations: Aix, Provence, France, Jan, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeather Boushey: U.S. has seen stronger growth than other G7 nationsHeather Boushey, a White House Council of Economic Advisers member, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Heather Boushey, CNBC's Charlotte Reed Organizations: White House Council, Economic Advisers Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023 Rugby World Cup organizer says tournament will have huge economic impactJacques Rivoal, chairman of the 2023 Rugby World Cup Organizing Committee, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Jacques Rivoal, CNBC's Charlotte Reed Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaschal Donohoe: Inflation picture is improving but journey not completeCNBC's Charlotte Reed speaks to Paschal Donohoe, the president of the Eurogroup, and Laurence Boone, France's minister of state for Europe, at the Aix-en-Provence economic forum.
Persons: Paschal, Charlotte Reed, Paschal Donohoe, Laurence Boone Locations: Europe, Aix, Provence
"We're keeping a particularly close eye on the current tensions between the U.S. and China," said Florent Menegaux, chief executive of French tyremaker Michelin. "When we see the impact that the IRA will have (on European companies), I think we haven't talked enough about it at this conference," a senior banker said. "There is a big risk that European companies will shift their investments (from Europe to the United States)." Some say the main concern is the time taken by European Union authorities to respond. "I understand the frustration, but when you look at the details of the extent to which the United States is subsidising its domestic industry, it is not greater than what the Europeans do themselves," Boushey said.
Persons: Jean, Dominique Senard, Ludovic Marin, Florent Menegaux, Menegaux, Christel Bories, Bories, Veronika Grimm, Heather Boushey, Boushey, Mathieu Rosemain, David Holmes Organizations: Renault SA, U.S, French, Michelin, Renault, European Union, Reuters, White House Council, Economic Advisers, Thomson Locations: Japan, Douai, France, PROVENCE, United States, China, Europe, Indonesia, America
"There's no real consensus at the moment about the increase in interest rates among economic actors," Jeremie Delecourt, chief operating officer at French private equity fund Ardian, told Reuters. In the euro zone, the peak is near after a combined 4 percentage points rise in the past year, ECB policymaker and French central bank governor Francois Villeroy de Galhau said on a panel at the conference. But he also said that rates would be left high for as long as necessary to ensure that inflation is headed back to the European Central Bank's 2% target by 2025. The ECB raised interest rates to their highest level in 22 years last month and promised another hike this month, with possibly another in September. "I see quite a bit of optimism in the short term, but I see a lot of downside risks if there is a policy mistake, especially from the central banks," she added.
Persons: Jeremie Delecourt, Francois Villeroy de Galhau, Jean, Louis Girodolle, Lazard, Mario Draghi's, Somersan Coqui, Daniel Barneix, Barneix, Veronika Grimm, Leigh Thomas, Alexander Smith Organizations: Reuters, ECB policymaker, Central, ECB, Atlantic, Allianz Trade, Thomson Locations: PROVENCE, France, United States, Europe, Aix, Provence
REUTERS/Benoit Tessier/File PhotoSummaryCompanies Talks involve potential prepayment accord with carmakersMiner in talks with state-owned companies in Chile over lithiumAIX-EN-PROVENCE, France, July 9 (Reuters) - French mining group Eramet (ERMT.PA) is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. "We're positioning ourselves (in Chile), we have discussions with state-owned companies," Bories said, with the aim to gain potential lithium concessions "in the coming months." Demand for electric vehicles (EVs) has increased as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices. Bories confirmed commodities group Glencore (GLEN.L) was among parties to have expressed interest in helping finance Eramet's lithium production in Argentina. She declined to elaborate further or give the names of the European carmakers involved in the talks.
Persons: Benoit Tessier, carmakers Miner, Christel Bories, Bories, We're, Mathieu Rosemain, Elaine Hardcastle Organizations: REUTERS, carmakers, Manufacturers, Reuters, Thomson Locations: Paris, France, Chile, PROVENCE, Argentina, United States, China, Aix, Provence, South America
AIX-EN-PROVENCE, France, July 9 (Reuters) - France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target. The aim is to bring inflation down to the 2% target by 2025, Villeroy said at an economics conference in the southern French city of Aix-en-Province. Former IMF chief economist, Frenchman Olivier Blanchard, has long called for a higher inflation target than the 2% shared by most major central banks, arguing that the increased flexibility that would provide would outweigh the costs. In response, Villeroy said that a higher inflation target was a "false good idea" and would lead to higher rather than lower borrowing costs. "If we announced our inflation target is no longer 2% but 3%, lenders would immediately demand higher interest rates, at least 1% (more)" in anticipation of higher inflation and uncertainty Villeroy said.
Persons: Francois Villeroy de Galhau, Villeroy, Frenchman Olivier Blanchard, Patrick Artus, Bruno Le Maire, Andrew Bailey, Leigh Thomas, William Schomberg, Elaine Hardcastle, Alexander Smith Organizations: Bank's, Former IMF, Veteran, French Finance, Bank of England, Thomson Locations: PROVENCE, France, French, Aix, Province, London
AIX-EN-PROVENCE, France, July 8 (Reuters) - A "Chinese storm" is looming over Europe's growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars. "When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe," Senard said. China's export restrictions are escalating a technology war with the United States, potentially causing more disruption to global supply chains. The development of alternative fuels - such as synthetic e-fuels and hydrogen - would be crucial in the event of a sudden shortage of batteries due to a dearth of raw materials, Senard said. Reporting by Mathieu Rosemain; Additional reporting by Gilles Guillaume Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Jean, Dominique Senard, Senard, Mathieu Rosemain, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Thomson Locations: PROVENCE, France, China, Europe, United States
At the same time, wages have also risen by more than expected," Lagarde said in an interview with French newspaper La Provence. As such, the ECB is vigilant about any risks that could reverse the trend and drive inflation up further, including profit margins. The euro zone has been battling high inflation for around a year given firstly, record-high energy costs, and more recently, soaring food prices. European Central Bank President Christine Lagarde said Friday the bank will not "stand idly by " if there is a simultaneous increase in profits and wages given persistently high inflation in the region. "A simultaneous increase in both would fuel inflation risks, and we would not stand idly by in the face of such risks," Lagarde added.
Persons: Lagarde, Christine Lagarde Organizations: French, La Provence, ECB, European Central Bank, International Monetary Fund Locations: Central
A video of people breaking into Centre Commercial Bourse, a shopping mall in Marseille, has been misinterpreted by people online as the French stock exchange. “Rioters are trying to storm the Central Stock Exchange of Marseille, France” read posts on Twitter and Facebook (here), (here) and (here). The French word Bourse does translate to “stock exchange” in English. The Centre Commercial Bourse, however, is a shopping mall in Marseille (www.klepierre.com/en/our-malls). The Centre Commercial Bourse in Marseille, France, is a shopping mall.
Persons: France ”, Nahel, Read Organizations: Commercial Bourse, Central Stock Exchange of, Twitter, Facebook, Reuters, Bourse Locations: Marseille, Central Stock Exchange of Marseille, France, Provence, Nanterre
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