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☆ French cognac makers surge as Macron hints at cooling of China trade dispute
▼ + stars: | 2024-05-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president's two-day state visit in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade the Chinese leader to shift positions over Russia's invasion of Ukraine and also imbalances in global trade. (Photo by Sarah Meyssonnier / POOL / AFP) (Photo by SARAH MEYSSONNIER/POOL/AFP via Getty Images)Shares of several French cognac makers rallied on Tuesday after France's President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease. France's Macron on Monday addressed the ongoing trade dispute with Chinese President Xi Jinping and gifted him a top-range bottle of French cognac which reportedly retails at over $3,200. "I thank the president for his open attitude regarding provisional measures on cognac and for his wish not to implement them," Macron said in a press conference on Monday.

Persons: Emmanuel Macron, Xi Jinping, Sarah Meyssonnier, SARAH MEYSSONNIER, Pernod Ricard, Remy Cointreau, France's Macron, Macron Organizations: Getty, European Union Locations: France, Paris, Ukraine, China, Europe

☆ Kylian Mbappé and PSG suffer dent to Champions League dream after defeat to resurgent Barcelona
▼ + stars: | 2024-04-11 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

Facing defeat, Raphinha’s smartly taken second goal and Andreas Christensen’s header gave Barcelona the edge going into the second leg on April 16. “We should be proud to say that Barça is alive,” Barcelona manager Xavi told reporters after the club’s first Champions League quarterfinal match since 2020. The host had come into the game on a 27-match unbeaten run but faced a resurgent Blaugrana side which managed to shackle PSG superstar Kylian Mbappé. I’m confident in my team.”The 3-2 scoreline sets up an enticing second leg at the Lluís Companys Olympic Stadium in Spain on Tuesday, when a place in the semifinals will be at stake. The winner will face either Atlético Madrid or Borussia Dortmund in the final four, with the Spanish side taking a 2-1 lead into its second leg in Germany.

Persons: Germain, ’, Raphinha’s smartly, Andreas Christensen’s, “, Xavi, ”, Kylian Mbappé, Sarah Meyssonnier, Winger Ousmane Dembélé, Vitinha, Barça, Pedri, Christensen, Donnarumma, Luis Enrique, “ We’re, I’m Organizations: CNN — Barcelona, Paris Saint, Champions League, ”, League, ” PSG, shackle PSG, Parc des Princes, Reuters, PSG, Barcelona, Madrid, Borussia Dortmund Locations: Europe, Barcelona, ” Barcelona, Parc, Spain, Germany

As well as celebrating the year in movies, the annual extravaganza has long been the red carpet event of the year. Kevin Mazur/Getty ImagesTeo Yoo. Alberto Rodriguez/Variety/Getty ImagesJamie Lee Curtis looked elegant in a flowing black gown by Dolce & Gabbana. Kevin Mazur/Getty ImagesLeah Lewis, star of Best Animated Feature “Elemental,” looked dreamy in a layered Lever Couture gown featuring a whimsical train. Marleen Moise/Getty ImagesTaylor Zakhar Perez popped on the red carpet with a blue Prada suit styled by leading celebrity stylist Jason Bolden.

Persons: Margot Robbie who’s, “ Barbie ”, Colman Domingo, America Ferrera, Billie Eilish, Zendaya, Danielle Brooks, Mike Coppola, Andrea Riseborough, Loewe, Alberto Rodriguez, Ferrera, Richard Shotwell, Steinfeld, Elie, Sarah Meyssonnier, Huy Quan, Giorgio Armani, Jordan Strauss, Kirsten Dunst, Jesse Plemons Jordan Strauss, Louis, David Yurman, Laverne Cox, David Swanson, Issa Rae, Mark Ronson, Grace Gummer, Kevin Mazur, Teo Yoo, Barbie, Simu Liu, Sean Lennon, Kemp Muhl, Gilbert Flores, Sandra Hüller, Cartier, Justine Triet Jordan Strauss, AP Gabrielle Union, Dwyane Wade Kevin Mazur, Ludwig Göransson Kevin Mazur, Masaki Takahashi, Takashi Yamazaki, Kiyoko, Christina, Eva Longoria’s, Tamara Ralph, Rita Moreno, Reuters D'Pharaoh Woon, Chasinghorse, Jamie Lee Curtis, Omar Rudberg, Sarah Morris, WireImage, Sean Wang, Chang Li Hua, Sam Davis, Yi Yan Fuei, Chang, Yi, Leah Lewis, Gregg DeGuire, Dominic Sessa, Tom Ford, Celine Song, Reuters Marlee Matlin, Oscar, dazzled, Raymond, Marleen Moise, Ramakrishnan, Zuhair Murad, Getty, Taylor Zakhar Perez, Jason Bolden, Erika Alexander Organizations: CNN, Dolby Theatre, Hollywood’s, America, Dolce, Gabbana, Elie Saab, Louis Vuitton, Getty, AMI Paris, Variety, AP, Los Angeles Times, Reuters Locations: AFP

☆ French superstar Kylian Mbappé decides to join Real Madrid after PSG contract expires, per reports
▼ + stars: | 2024-02-03 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

According to ESPN, Mbappé has not informed PSG or Real Madrid of his decision but is expected to make an announcement next week. CNN has reached out to PSG, Real Madrid and Mbappé’s representation for comment. Paris St Germain's Kylian Mbappé in action with Newcastle United's Anthony Gordon on November 28, 2023. Sarah Meyssonnier/ReutersMbappé, for his part, has flirted with Real Madrid year after year. “My father received a call from someone at Real Madrid, inviting me to come to Spain for a training session over the holiday break,” Mbappé told The Players’ Tribune.

Persons: Kylian, he’s, Germain, Le, Mbappé, –, de Cordée, “, ” Mbappé, David Beckham, Ronaldo Nazário, Zidane, Cristiano Ronaldo, Kaká, Germain's Kylian, Newcastle United's Anthony Gordon, Sarah Meyssonnier, Zinedine Zidane, ‘ Zidane, ’ ” Organizations: CNN, Real Madrid, Paris Saint, PSG, Le Parisien, ESPN, Real, AS Monaco, peerless, Madrid swirled, The New York Times, ”, Blancos, Newcastle, Reuters, Players ’ Tribune Locations: French, Paris, Real Madrid, ” Real Madrid, Spain

☆ 5 reasons to be unapologetically thrilled about this year’s Oscar nominations
▼ + stars: | 2024-01-28 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

CNN —The nominations for the 96th Academy Awards were revealed last week and – as they so often do – caused quite a stir. Co-written and directed by Triet, “Anatomy of a Fall” is nominated for five Oscars this year in total, including for best original screenplay and best picture. That gives Williams more Academy Award nominations than any other living person. According to the Academy, the late Walt Disney holds the overall record of career nominations, with a grand total of 59. Still, it seemed to be a role destined for Brooks, who received a Tony Award nomination in 2016 for playing the same character in the Broadway revival of the musical.

Persons: Barbie’s, Greta Gerwig, Margot Robbie, Ryan Gosling, there’s, we’re, Justine Triet, Palme, Sarah Meyssonnier, Triet, Sandra Hüller, Barbie ”, Colman Domingo, Bayard Rustin, Rustin, David Lee, Steven Spielberg’s “, ” Domingo, “ Rustin, ”, Domingo, – Ian McKellen, Jodie Foster, Bonnie Stoll, Anthony Allen Ramos, ” Ramos, ” Cord Jefferson, Cord Jefferson, Claire Folger, Jeffrey Wright, Cord Jefferson’s, Jefferson, he’s, Trayvon Martin, Mike Brown, ’ ”, Percival Everett, Wright, Sterling K, Brown, John Williams, Ray Dolby, Michael Kovac, “ Indiana Jones, ” Williams, Oscar, Williams, Walt Disney, Danielle Brooks, Eli Ade ´, ” Brooks, Oprah Winfrey, Spielberg, Alice Walker, Brooks, “, Corey Hawkins, Harpo Organizations: CNN, Cannes Film, Reuters, “, Netflix, Orion, Jefferson, Hollywood & Highland Center, Academy of Motion Picture Arts and Sciences, Academy, Warner Bros, Entertainment Inc, Broadway, Juilliard Locations: Cannes, France, German, Steven Spielberg’s “ Lincoln, “ Nyad, Hollywood, Sofia, New York City

French Junior Minister for Digital Affairs Jean-Noel Barrot leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, November 22, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsBRUSSELS, Dec 5 (Reuters) - EU countries and lawmakers may have to meet for yet another round of talks to hammer out crucial details of rules for artificial intelligence even if they clinch a deal on Wednesday, French Digital Minister Jean-Noel Barrot said on Tuesday. There is still a gap between both sides, Barrot said. Barrot cited biometric surveillance and general-purpose AI where the two sides have to work further on the finer details. Further discussions, however, could delay the rollout of landmark rules in Europe that could set the benchmark for other countries.

Persons: Digital Affairs Jean, Noel Barrot, Sarah Meyssonnier, Jean, Europe's, Barrot, Foo Yun Chee, Matthew Lewis Organizations: French Junior, Digital Affairs, REUTERS, Rights, French Digital, European Commission, Microsoft, Thomson Locations: Paris, France, Europe, Brussels

☆ 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

☆ French ministers head to Indo-Pacific, Australia in diplomatic push
▼ + stars: | 2023-11-30 | by ( John Irish | ) www.reuters.com time to read: +4 min

[1/3] French Foreign Affairs Minister Catherine Colonna and French Defence Minister Sebastien Lecornu leave following the weekly cabinet meeting at the Elysee Palace in Paris, France, November 22, 2023. France, with overseas territories in the Pacific and Indian Ocean and 7,000 troops stationed there, considers itself an Indo-Pacific power. The loss of a major submarine deal with Australia in 2021 forced it rethink its strategy amid ongoing regional tensions with China in the disputed South China Sea. Underscoring those efforts, Defence Minister Sebastien Lecornu will host in the French overseas territory of New Caledonia between Dec. 4-8 the South Pacific Defence Ministers Meeting, the first time it has hosted the format since it was created in 2013. While it has diversified its ties across the Pacific, France has also worked on rebuilding its partnership with Australia.

Persons: Catherine Colonna, Sebastien Lecornu, Sarah Meyssonnier, Ferdinand Marcos, Karen Lerna, Sandra Maler Organizations: Foreign, French Defence, REUTERS, South Pacific, South Pacific Defence Ministers, South, Australia, Canberra, Thomson Locations: Paris, France, Philippines, Malaysia, Australia, PARIS, Pacific, Ocean, China, India, Indonesia, Japan, New Caledonia, Britain, United States, South Korea, Spain, Manila, South China, Kuala Lumpur

☆ Euro zone inflation tumble pits ECB against markets
▼ + stars: | 2023-11-30 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

Inflation has dropped quickly towards the ECB's 2% target from levels above 10% just a year ago but policymakers have cautioned against excessive optimism. The rapid inflation slowdown puts the euro zone central bank and investors on a collision course as the two appear to see greatly different paths ahead, both for consumer prices and ECB interest rates. "And if the recent trends in inflation and growth continue then 2024 will be the year when the ECB implements a pirouette in monetary policy." "The market is therefore right to start looking at rate cuts for 2024. Some economists argue that modelling current inflation is exceptionally difficult because corporate profits are the main driver, not wages as in normal bouts of rapid inflation.

Persons: Sarah Meyssonnier, Kamil Kovar, Yannis Stournaras, Fabio Panetta, Panetta, Christine Lagarde's, Bert Colijn, Balazs Koranyi, Catherine Evans Organizations: REUTERS, ECB, Moody's, Bank of Italy, ING, Thomson Locations: Paris, France, FRANKFURT

French Prime Minister Elisabeth Borne attends the questions to the government session at the National Assembly in Paris, France, November 22, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 29 (Reuters) - France's prime minister asked her cabinet to stop using widespread instant messaging apps like WhatsApp, Signal or Telegram and install widely unknown Olvid, a product of Paris's start-up scene presenting itself as a more secure alternative. In a ministerial circular, Prime Minister Elisabeth Borne urged ministers and their top staff to deploy the Olvid app on phones and computers, her office told Reuters on Wednesday, confirming French media reports. Messaging apps like Meta's WhatsApp, Telegram and Signal have increasingly become the go-to tool of communication in the inner circles of French politics, and government officials also use the apps when talking to journalists. President Emmanuel Macron is said to be an avid user of messaging apps himself.

Persons: Elisabeth Borne, Sarah Meyssonnier, Emmanuel Macron, Olvid, Tassilo Hummel, Josie Kao Organizations: French, National Assembly, REUTERS, Rights, Reuters, Thomson Locations: Paris, France, French

☆ Exclusive: European fund giant Amundi dipping toe back into Turkey's lira
▼ + stars: | 2023-11-28 | by ( Marc Jones | ) www.reuters.com time to read: +1 min

A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - Amundi, Europe's largest asset manager, has started dipping its toe back into the Turkish lira it says having been impressed by the country's turnaround efforts since its mid-year elections. "We have started to cover our underweight in Turkish lira a few weeks ago," Sergei Strigo, Amundi's co-Head of Emerging Markets Fixed Income, told Reuters, referring to the process of taking a more positive view on the currency. "We are not yet ready to increase the allocation (in the lira) but it is definitely on our radar screen." Additional reporting by Karin Strohecker in London and Jonathan Spicer in Istanbul; editing by Elisa MartinuzziOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Sergei Strigo, Amundi's, Strigo, Karin Strohecker, Jonathan Spicer, Elisa Martinuzzi Organizations: REUTERS, Reuters, Thomson Locations: Paris, France, Turkey, London, Istanbul

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Night-time protests across France over the past few days by ultra-right militants chanting "Islam out of Europe" have been fanned by last week's rioting in Dublin, a French intelligence source and far-right Telegram communications indicate. In messages sent on French far-right Telegram groups, seen by Reuters, videos of the Dublin riots were shared, highlighting what they said was the assailant's Algerian origin and hailing the reaction of the Irish far-right. CALMING TENSIONSOn a visit to Crepol on Monday, government spokesperson Olivier Veran urged calm, saying "we don't respond to violence with violence, we respond with justice. There are about 3,000 violent ultra-right militants identified by the French intelligence services. That number has been stable for the last few years but the national coordination by demonstrators as seen on Saturday is a new phenomenon, the intelligence source said.

Persons: Sarah Meyssonnier, Jean, Yves Camus, Thomas, Bravo, Camus, Olivier Veran, Gerald Darmanin, Martel, Darmanin, Laurent de Caigny, Layli Foroudi, Juliette Jabkhiro, William Maclean Organizations: French Municipal Police, REUTERS, Rights, Rennes, Grenoble, Telegram, Reuters, France Inter, Thomson Locations: Paris, Villepinte, France, Europe, Dublin, Crepol, Lyon, Ireland

☆ Exclusive: European fund giant Amundi dips toe back into Turkey's lira
▼ + stars: | 2023-11-28 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. "We have started to cover our underweight in Turkish lira a few weeks ago," Strigo told Reuters, referring to the process of taking a more positive view on the currency. Amundi, while the first major fund to formally declare its shift, is not alone in testing the waters, according to other foreign investors and bankers. "It is probably the easiest way for now," Strigo said about the use of FX forwards to express that balance. With the bank having lifted rates to 40% from 8.5% since June, Amundi thinks another hike next month could finish the job.

Persons: Sarah Meyssonnier, Sergei Strigo, Amundi's, Strigo, Tayyip Erdogan, Amundi, Goldman Sachs, Erdogan, sceptics, Central Bank Governor Hafize Gaye Erkan, Marc Jones, Karin Strohecker, Jonathan Spicer, Susan Fenton Organizations: REUTERS, Reuters, Investment, JPMorgan, FX, Graphics, Central Bank Governor, Reuters Graphics Reuters, Thomson Locations: Paris, France, Turkey, Turkish, New York, London, Istanbul

☆ Paris mayor quits X platform, calling it a 'gigantic global sewer'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Paris' Mayor Anne Hidalgo attends the 105th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF), in Paris, France, November 21, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 27 (Reuters) - Paris Mayor Anne Hidalgo on Monday announced she was quitting the X platform formerly known as Twitter, calling it a "gigantic global sewer" that was "destroying our democracies" by spreading abuse and misinformation. After buying Twitter in 2022, Elon Musk laid off thousands of employees, including many who moderated content on the platform. "This medium has become a gigantic global sewer, and we should continue to wade into it?" X users and opposition politicians took to the #TahitiGate hashtag to lambast her over the partially taxpayer-funded trip.

Persons: Mayor Anne Hidalgo, Sarah Meyssonnier, Paris Mayor Anne Hidalgo, Elon Musk, Hidalgo, Michel Rose, Bernadette Baum Organizations: Mayor, Mayors, Association, REUTERS, Rights, Paris Mayor, Monday, Twitter, White, Socialist, Thomson Locations: Paris, France, Tahiti

☆ Czech gunmaker Colt CZ makes offer for Vista Outdoor
▼ + stars: | 2023-11-23 | by ( Jason Hovet | ) www.reuters.com time to read: +3 min

Visitors look at firearms from Colt CZ Group at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPRAGUE, Nov 23 (Reuters) - Czech gunmaker Colt CZ Group (CZG.PR) has made a cash-and-stock merger offer to Vista Outdoor (VSTO.N), valuing the U.S. sporting and outdoor goods group's shares at a 16% premium. Colt CZ said it proposed keeping the company together, scrapping plans to separate Vista at this time. Colt CZ, along with a majority shareholder and its chairman, together acquired more than 5% of Vista shares, they announced in October. Colt CZ shares fell around 3% at the Prague open on Thursday but had recovered to trade nearly 1% higher by 1053 GMT.

Persons: Sarah Meyssonnier, Colt CZ's, Vista, Colt, Jason Hovet, Mark Potter Organizations: Colt CZ, REUTERS, Rights, Vista, Czechoslovak Group, Czechoslovak, Colt, CSG, Thomson Locations: Paris, Villepinte, France, Czech, U.S, Vista, Prague

☆ Transport won't be ready, Paris mayor says ahead of 2024 Games
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

Paris' Mayor Anne Hidalgo attends the 105th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF), in Paris, France, November 21, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Nov 23 (Reuters) - Paris will not be ready for the Olympics and Paralympics in terms of transport and sheltering the homeless, city mayor Anne Hidalgo has said. "There will be places where (public) transport will not be ready because there will not be enough trains and not frequently enough," Hidalgo told news show Quotidien in thinly veiled criticism of Paris region president Valerie Pecresse. The Ile de France (Paris region) Regional Council, led by right-winger Pecresse, is in charge of transports in the region. Socialist Hidalgo said the RER (regional express train) station at Porte Maillot in western Paris would not be ready for the July 26-Aug 11 Games.

Persons: Mayor Anne Hidalgo, Sarah Meyssonnier, Anne Hidalgo, Hidalgo, Valerie Pecresse, Pecresse, I'm, Julien Pretot, Ken Ferris Organizations: Mayor, Mayors, Association, REUTERS, Rights, Olympics, Regional Council, Thomson Locations: Paris, France, Porte

☆ Colt Makes $1.74 Billion Offer for Vista Outdoor, Gate-crashing Rival Deal
▼ + stars: | 2023-11-23 | by ( P.R. Venkat | ) www.wsj.com time to read: 1 min

Visitors look at firearms from Colt CZ Group at an exhibition in Villepinte near Paris, France. Photo: sarah meyssonnier/ReutersFirearms manufacturer Colt CZ Group has made an unsolicited offer to acquire U.S. -based Vista Outdoor that values its equity at $1.74 billion, seeking to block the latter’s proposed merger with a Czech industrial technology company. Colt has proposed a cash-and-stock merger with the sporting and outdoor-goods company that would value its shares at $30.00 each, Vista said late Wednesday.

Persons: sarah meyssonnier, Colt, Vista Organizations: Colt CZ, Reuters, U.S Locations: Villepinte, Paris, France, Czech

A SUV car drives on a street in Paris as Paris City Hall will organise a public vote on the place of SUV cars in the French capital, France, November 20, 2023. After banning rental scooters in September in the wake of a citizen's vote, Paris will hold a local referendum on Feb. 4 about "the place of SUVs in the capital". Since SUVs can be hard to distinguish from other models, City Hall wants to introduce higher parking fees for thermal engine cars weighing over 1.6 tonnes and for electric vehicles over two tonnes. "(The SUV vote) is to tell all those who continue to use their private cars because they're the richest: No! In a few years, in a few months, they won't be welcome in Paris with this type of behaviour," Belliard said.

Persons: Sarah Meyssonnier, David Belliard, Anne Hidalgo, Belliard, Paris, Philippe Noziere, Henri Duret, Antonia Cimini, Clotaire Achi, Louise Dalmasso, Geert De Clercq, Mark Heinrich Our Organizations: Paris City Hall, REUTERS, Hall, Reuters, Manufacturers, Thomson Locations: Paris, France, PARIS

Amundi signed a 10-year distribution accord in 2017 when it bought UniCredit's Pioneer Investments for 3.6 billion euros. Credit Agricole CEO Philippe Brassac told reporters this month it was no secret UniCredit was looking at ways "to optimise" the accord with Amundi. Orcel, sources have said, is unhappy with the amount of Amundi funds the accord binds UniCredit to place with customers. UniCredit had 134 billion euros in AUM from fund and portfolio management as of Sept. 30. If their relationship ended after 2027, it would still take UniCredit time to replace Amundi funds with other products.

Persons: Sarah Meyssonnier, Amundi, Andrea Orcel, UniCredit, Philippe Brassac, Brassac, Orcel, Azimut, Valentina Za, Mathieu Rosemain, Silvia Aloisi, Alexander Smith Organizations: REUTERS, Reuters, Investments, Agricole, Credit, Amundi, Thomson Locations: Paris, France, MILAN, Italy, Italian, Milan

☆ Leasing giant SMBC places order for 60 Airbus A320neo planes
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The logo of Airbus is seen at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsDUBLIN, Nov 21 (Reuters) - SMBC Aviation Capital placed an order for 60 Airbus (AIR.PA) A320neo family aircraft, the world's second largest aircraft leasing firm said on Tuesday, without disclosing the financial details of the deal. Nikkei Asia, which first reported the deal, said it was thought to be worth around $3.4 billion, based on the A320neo's market price. Boeing won new orders for 196 aircraft while Airbus agreed deals for 55 jets amid soaring demand for wide-body planes. "This transaction is further testament of sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide," SMBC CEO Peter Barrett said in a statement.

Persons: Sarah Meyssonnier, Peter Barrett, Padraic Halpin, Kirsten Donovan Organizations: Airbus, REUTERS, Rights, SMBC Aviation Capital, Nikkei, Boeing, Dubai Airshow, Japan's Sumitomo Corp, Sumitomo Mitsui Financial Group, Thomson Locations: Paris, Villepinte, France, Nikkei Asia

☆ ECB rates to stay unchanged for next few quarters -Villeroy
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - The European Central Bank's interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday, dismissing rate cut talk as premature. The ECB broke a streak of 10 consecutive hikes last month by holding rates steady, prompting investors to turn their attention to when rate cuts could come. The ECB aims to steer euro zone inflation towards its 2% target by 2025, though Villeroy insisted the number was an average and he was not fixated on hitting 2.0% precisely. Euro zone inflation has fallen quickly in recent months as the economy has slowed, though Villeroy said a recession could be avoided and a "soft landing" seemed more likely. ($1 = 0.9168 euros)Reporting by David Milliken, writing by Leigh Thomas, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Villeroy, David Milliken, Leigh Thomas, Christina Fincher Organizations: France, Bank of France, REUTERS, ECB, Society of Professional, Thomson Locations: Paris, France, French, London, Gaza, Israel

☆ Australia criticises China for 'unsafe, unprofessional' naval interaction
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +2 min

Australia's Defence Minister Richard Marles attends a joint news conference with France's Foreign and Defence ministers at the Quai d'Orsay in Paris, France, January 30, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsSYDNEY, Nov 18 (Reuters) - Australia's government said on Saturday it had expressed serious concerns to China after an "unsafe and unprofessional" interaction between an Australian navy vessel and Chinese warship left Australian military divers injured. He said despite the Australian vessel notifying the Chinese warship of the diving operation and requesting that it keep clear, the destroyer approached "at a closer range". "Soon after, it was detected operating its hull-mounted sonar in a manner that posed a risk to the safety of the Australian divers who were forced to exit the water." The conduct was "unsafe and unprofessional", Marles said.

Persons: Richard Marles, Sarah Meyssonnier, Marles, Sam McKeith, Tom Hogue Organizations: Australia's, France's Foreign, Quai d'Orsay, REUTERS, Rights, Defence, PLA, HMAS, People's Liberation Army Navy, Solomon Islands, U.S, Thomson Locations: Paris, France, China, Australian, Toowoomba, HMAS Toowoomba, Australia, Solomon, United States, Sydney

The Gap logo is seen on the front of the company's store in Paris, France, July 1, 2021. If current gains hold, shares will have nearly doubled since late July after the former Mattel (MAT.O) executive was appointed to revive the once sought-after brand. Gap's third-quarter earnings release Thursday showed significant inventory destocking, even as its holiday-season forecast disappointed. However, Gap joined other retailers in sounding a cautious note on spending, heading into the all-important shopping season. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Richard Dickson, Dickson, David Swartz, Swartz, Katrina O'Connell, Gap, Ananya Mariam Rajesh, Shinjini Ganguli Organizations: REUTERS, Mattel, Gap's Old Navy, Morningstar, Navy, Walmart, Banana Republic, Thomson Locations: Paris, France, Bengaluru

Snowballs of Paris 2024 Olympics and a miniature of the Eiffel Tower are displayed at the official store during the Paralympic Day at Place de la Republique, Paris, France October 8, 2023. "If we don't have commitments at the beginning of 2024, then in January, February, March, April, we will take action," CGT union representative Celine Verzeletti told Reuters. The French government and the Paris 2024 organising committee did not immediately reply to a Reuters request for comment. France's Alliance police union this week gave the government a Dec. 31 deadline to respond to its demands. State-owned transport operator RATP has also started talks with workers, offering daily extra payments of 15 euros, according to French media reports.

Persons: Sarah Meyssonnier, Celine Verzeletti, Stanislas Guerini, Verzeletti, Emmanuel Macron's, David Leyraud, Tassilo Hummel, Toby Davis Organizations: Eiffel, Republique, REUTERS, Rights, CGT, Reuters, Labour, Games, Paris, France's Alliance police, Alliance, France, HP, State, Thomson Locations: Paris, France

☆ Gap shares soar on Old Navy brand renewal, controlled inventory
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Comparable sales at Old Navy rose 1% in the third quarter, the first increase in 10 quarters. "Old Navy gained market share, an encouraging early proof point that work to improve both product assortment and brand messaging" were driving results, Gap Chief Financial Officer Katrina O'Connell said on Thursday following the earnings. Gap's struggles with outdated inventory at its namesake brand and Old Navy had pushed customers to look for newer and fresher styles at rivals like Shein and Amazon.com (AMZN.O). Jefferies analysts said new CEO Richard Dickson's prior experience in reinvigorating brands like Barbie at Mattel (MAT.O) could bring a lift to the Old Navy banner. The apparel maker's executives also alluded to a "longer recovery" time for Banana Republic and Athleta, which has seen "product misfires" and weak "retail execution".

Persons: Sarah Meyssonnier, Katrina O'Connell, Richard Dickson's, Barbie, Ananya Mariam Rajesh, Sriraj Organizations: REUTERS, Old Navy, Walmart, Advisory, Navy, Jefferies, Mattel, Banana Republic, Thomson Locations: Paris, France, trendier, encouragingly, Bengaluru

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