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☆ Canada investing C$350 mln to boost drive for sustainable aerospace industry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 19 (Reuters) - Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy," he said. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350 million includes a C$49 million aerospace innovation investment announced in 2019.

Persons: Francois, Philippe Champagne, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Innovation, Aviation, Airbus, Air, Thomson Locations: Canada, Vancouver

☆ A dozen French police wounded in clashes with protesters opposing rail link in Alps
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] Activists take part in a protest against the Lyon-Turin rail link between France and Italy, in Les Chavannes-en-Maurienne, France, June 17, 2023. REUTERS/Denis BalibousePARIS, June 17 (Reuters) - Twelve police were wounded on Saturday in clashes with demonstrators in France's Savoie department where a protest against a high speed rail project in the Alps turned violent, authorities said. Some 2,000 protesters, including a roughly 300-strong dark-clad hardcore, were in the Maurienne Valley objecting to construction of a rail link including a tunnel between Lyon and the Italian city of Turin. Association Les Soulevements de la Terre contested that figure in a Twitter post late on Saturday and said 50 demonstrators were wounded, including six who were hospitalised. "The day is not over, we remain prudent and mobilised," said Ravier, noting a security presence would go through the night.

Persons: Denis Balibouse PARIS, Francois Ravier, Les, Gerald Darmanin, Mimosa Spencer, Andrew Cawthorne, Daniel Wallis Organizations: Lyon, REUTERS, Thomson Locations: Turin, France, Italy, Les Chavannes, France's Savoie, Lyon, Italian

☆ ECB policymakers line up behind rate hike plans
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +3 min

Underlying inflation eased to 5.3% in May, but a big chunk of the drop was due to a one-off administrative discount in German transport prices. Wunsch has said in the past that the ECB's deposit rate could hit 4% if underlying inflation did not moderate. Joining the chorus behind rate hikes, Estonian central bank chief Madis Muller said more rate action is needed. "Euro zone interest rates have not yet peaked," Muller said in a statement. "The ultimate goal is clear for the central bank - we need to quickly get the price rise under control."

Persons: Joachim Nagel, Pierre Wunsch, Wunsch, Austria's Robert Holzmann, Gediminas Simkus, Madis Muller, " Muller, Balazs Koranyi, Andrius Sytas, Julia Payne, Francois Murphy, Terje Solsvik, Alex Richardson, Toby Chopra, Jan Harvey Organizations: Central Bank, ECB, Thomson Locations: FRANKFURT, Belgian, U.S, Estonian

☆ Wes Anderson’s Best Needle Drops
▼ + stars: | 2023-06-16 | by ( ) www.nytimes.com time to read: +2 min

Dear listeners,One day when I was 14, I stayed home sick from school and watched a weird little movie called “Rushmore” on Comedy Central. The filmmaker Wes Anderson had created his own alternate reality, with its own color scheme, its own vernacular, and — perhaps most crucially — its own killer music. For aspiring aesthetes, Anderson’s movies can be gateway drugs. Eager to catch all of his cinematic references and influences, his films led me to the work of directors like François Truffaut, Yasujiro Ozu and Satyajit Ray. The needle drops in most of Anderson’s films are the result of his longtime working relationship with the music supervisor Randall Poster.

Persons: ”, Wes Anderson, aesthetes, Eager, François Truffaut, Yasujiro Ozu, Satyajit Ray, I’d, “, Nico, Seu Jorge, Steve Zissou, Randall, ” he’s, Alexandre Desplat Organizations: Comedy Central, French Dispatch, ” Locations: ”

☆ Folarin Balogun: What to expect from the 21-year-old who outscored Lionel Messi last season ahead of his USMNT debut
▼ + stars: | 2023-06-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +9 min

Folarin Balogun recently committed to representing the United States men’s national team (USMNT), ending years of speculation about whether the 21-year-old would choose to play for the US or England on the international stage. Here’s all you need to know about the prodigious striker ahead of his potential USMNT debut against Mexico. Stu Forster/Getty ImagesOn the pitch, Balogun has refined his game over the past two seasons. After the Arsenal man’s haul last season, Barker also believes this could be just the beginning for the striker. “I’m not sure he will be an elite, world class player,” Barker said, “but you certainly wouldn’t bet against him.”

Persons: Lionel Messi, Ballon d’Or, Folarin Balogun, Gregg Berhalter’s, Jesus Ferreira, Josh Sargent, Haji Wright, “, James Williamson, Flo, unforthcoming, Balogun, Art de, Charles McQuillan, ” de Roché, it’s, Roché, de Roché, he’s, Stu Forster, “ He’s, ”, Alex Barker, ” Barker, Oliver Giroud, Roberto Firmino, Messi, Germain, Francois Nascimbeni, Balogun’s, Barker, John Dorton, who’s, that’ll, De Roché, Xavier Laine, “ I’m Organizations: CNN, Inter Miami, France’s Ligue, United, United States men’s national, Mexico, Arsenal, Premier League club’s, Middlesbrough, Ligue, Reims, CNN Sport, Millwall, Stade Vélodrome, Marseille, West Brom, EFL Championship, Twitter, ”, Paris Saint, “, Getty, USSF, US, USSF ‘ Locations: USA, Argentine, Brooklyn, United States, England, Qatar, Netherlands, New York, Millwall’s, Reims, Ligue, AFP, Canada, Mexico, France

☆ Investors in biggest climate pressure group don't like to pressure
▼ + stars: | 2023-06-12 | by ( Tommy Wilkes | ) www.reuters.com time to read: +7 min

Climate Action 100+ (CA100+), set up in 2017, comprises more than 700 investment firms representing $68 trillion in assets. At stake is whether CA100+ members use all the tools at their disposal to pressure climate laggards. FLAGGING CLIMATE LAGGARDSCA100+ posts on its website upcoming shareholder resolutions and board re-election votes but it doesn't recommend voting against directors at climate laggards. Wespath's sustainability director, Jake Barnett, said that challenging board directors over their climate policies was not being used widely enough "as a method of accountability". In at least one area there is compulsion; CA100+ members not responding to a survey asking for their engagement interests within a year could be delisted.

Persons: laggards, Xander Urbach, CA100, Francois Humbert, bodes, Eli Kasargod, Staub, Warren Buffett's Berkshire Hathaway, Jake Barnett, MN's Urbach, Shell, Wael Sawan, Vincent Kaufmann, Tommy Reggiori Wilkes, Greg Roumeliotis, Susan Fenton Organizations: Reuters, MN, Generali Investments, Exxon Mobil Corp, Chevron, Valero Energy, Warren, Investments, The United Methodist Church, Shell, Ethos Foundation, Thomson Locations: Paris, Swiss

☆ Annecy gathers in support of knife attack victims
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 11 (Reuters) - Citizens of the southeastern French town of Annecy gathered on Sunday in support of victims of the knife attack which gravely wounded four toddlers and two pensioners on Thursday. Annecy Mayor Francois Astorg told the crowd the attack was "a tragedy touching our city, the country and the whole world. The suspect, a Syrian refugee, is under formal investigation for attempted murder and was placed in detention on Saturday. The injured are no longer in critical condition, Annecy Prosecutor Line Bonnet-Mathis told a news conference on Saturday, though the four children remained in hospital. The stabbing was the first violent attack targeting children since 2012, when gunman Mohamed Merah shot three Jewish children and one of their parents, and then three soldiers, in Toulouse.

Persons: Annecy Mayor Francois Astorg, Astorg, Mathis, Mohamed Merah, Dominique Vidalon, David Holmes Organizations: Annecy Mayor, Annecy Prosecutor, Thomson Locations: French, Annecy, Syrian, Toulouse

REUTERS/Carlos OsorioOTTAWA, June 10 (Reuters) - The Canadian province of Quebec says rain and outside help could help win the fight against more than 100 forest fires producing plumes of smoke that have left cities on the Atlantic seaboard gasping for breath. "Some rain is forecast ... in the next few days there is a risk the situation will stay critical. But the arrival of French firefighters is really going to help," forestry minister Maite Blanchette Vezina told reporters on Friday. By late Friday there were 422 fires across Canada, 125 of them in Quebec. Please use caution so that we can try our best to avoid a catastrophic fire season," British Columbia Premier David Eby told reporters on Friday.

Persons: smokey, Carlos Osorio, Maite Blanchette Vezina, Gerald Cheng, Columbia Premier David Eby, Vezina, Francois Bonnardel, David Ljunggren, Matthew Lewis Organizations: REUTERS, Carlos Osorio OTTAWA, Authorities, Columbia Premier, Thomson Locations: Ontario, Quebec, Toronto , Ontario, Canada, Canadian, France, Germany, Spain, Federal, Pacific, British Columbia, Ottawa

BRITISH COLUMBIA/OTTAWA, June 9 (Reuters) - Wildfires spread in the western Canadian province of British Columbia on Friday, while hundreds of fires continued to burn on the other side of the country in Quebec, sending wildfire smoke billowing across North American cities. Around 2,500 people were told to evacuate the community of Tumbler Ridge in northeastern British Columbia on Thursday afternoon. Temperatures in parts of British Columbia soared to more than 30 degrees Celsius (86 Fahrenheit) this week, nearly 10 degrees above the seasonal average. [1/2] Smoke rises from a wildfire in Tumbler Ridge, British Columbia, Canada, in this screen grab taken from a video, June 8, 2023. Reporting by Nia Williams in British Columbia; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Albertans, François Legault, Nia Williams, Stephen Coates Organizations: British Columbia, BC Wildlife Service, REUTERS, Canadian Interagency Forest Fire, Thomson Locations: BRITISH COLUMBIA, OTTAWA, Canadian, British, Quebec, North, Tumbler, British Columbia, Peace, Alberta, Ridge, Canada, United States, Ottawa, Toronto , New York, Washington, Ontario, South Africa, Australia, New Zealand, U.S

CNN —A 24-year-old man has been hailed as a hero for chasing a man suspected of launching a knife rampage in Annecy, which left six people injured including four toddlers. Two young children are still in intensive care following Thursday’s knife attack in southeast France, when screams rippled through a playground in the small alpine town during the brutal assault. A 31-year-old Syrian asylum-seeker was detained shortly after in suspicion of carrying out the attack, French media and CNN affiliate BFMTV reported Thursday. People lay flowers near the scene at a lakeside park in Annecy, France, on Friday, after a knife attack left four children and two adults wounded. He is on a nine-month journey across the country to visit the most beautiful cathedrals of France, he told BFMTV.

Persons: BFMTV, Henri, ” “, Frenchman, “, ”, ” Henri, Peter Byrne, Emmanuel Macron, Brigitte Macron, Benoit Lagneux, Olivier Veran, François Astorg, Brigitte, Veran, Macron Organizations: CNN, Getty, Reuters, France, Annecy Locations: Annecy, France, Grenoble, AFP, Geneva, hitchhike

CNN —Children were among six people injured Thursday in a knife attack in Annecy, in southeast France, triggering a wave of panic in the small alpine town. French police secure the area after several children and an adult were injured in Annecy. Denis Balibouse/ReutersFrench MPs hold a minute's silence after the knife attack in Annecy. Health Minister François Braun tweeted that his thoughts were with the victims of the knife attack. “All my thoughts go immediately to the people injured by an individual armed with a knife in Annecy, and to their loved ones,” Braun tweeted.

Persons: Elisabeth Borne, Gérald Darmanin, Ferdinand, “, ” Ferdinand, ”, George, Denis Balibouse, Ludovic Marin, Emmanuel Macron, ” Macron, François Braun, ” Braun, François Astorg, Astorg Organizations: CNN, French, Interior, BFMTV, Reuters, Getty Images, Annecy . Children, Health, Aid Service, Annecy, Lawmakers, French National Assembly Locations: Annecy, France, Haute, Savoie, AFP

REUTERS/Blair GableOTTAWA, June 7 (Reuters) - Hundreds of uncontrolled forest fires blazed across Canada on Wednesday, threatening critical infrastructure, forcing evacuations and sending a blanket of smoky air wafting over U.S. cities. Quebec Premier Francois Legault earlier said the province was able to fight 40 fires at the same time. Canadian Prime Minister Justin Trudeau said he spoke with U.S. President Joe Biden by phone on Wednesday to thank him for "critical support" in tackling the blazes. These fires are affecting everyday routines, lives and livelihoods, and our air quality," Trudeau said in a statement on Twitter. We will be facing more and more extreme weather events that will cost us a lot more," Prime Minister Justin Trudeau told the briefing.

Persons: Blair Gable OTTAWA, Bill Blair, Blair, Quebec Premier Francois Legault, Justin Trudeau, Joe Biden, Trudeau, Legault, Ismail Shakil, David Ljunggren, Nia Williams, Deepa Babington, Diane Craft Organizations: REUTERS, Quebec Premier, Canadian, U.S, Twitter, Residents, Thomson Locations: Centennial, Township, Greater Madawaska , Ontario, Canada, Quebec, U.S, New Brunswick, France, United States, Portugal, Spain, Mexico, Chibougamau, Ontario, Canada's, Ottawa, Toronto, British Columbia

☆ Canadian wildfires prompt new evacuations, alarm over air quality
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Maye-E WongOTTAWA, June 7 (Reuters) - Firefighters battled hundreds of forest blazes on Wednesday as Canada's worst-ever early season wildfires prompted the evacuation of thousands and a blanket of smoky air wafting over U.S. cities. There are fires in nearly all of Canada's provinces and territories, with the eastern province of Quebec among the worst affected. The province, Canada's second-most populous, has suffered four times its 10-year average of wildfires so far this year. In neighboring Ontario province, Canada's most populous, deteriorating air quality has been forecast this week in cities including Ottawa and Toronto due to smoke plumes. Wildfires are common in Canada's western provinces, but this year flames have mushroomed rapidly in the country's east.

Persons: Wong OTTAWA, Francois Legault, Legault, Ismail Shakil, David Ljunggren, Deepa Babington Organizations: REUTERS, Firefighters, Residents, Thomson Locations: Manhattan, Canada, New York City , New York, U.S, Quebec, Canada's, New York, New Brunswick, France, United States, Portugal, Spain, Mexico, Chibougamau, Ontario, Ottawa, Toronto

☆ Euro zone consumers more hopeful on inflation
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

[1/2] A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April 26, 2023. REUTERS/Eric GaillardFRANKFURT, June 6 (Reuters) - Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed on Tuesday, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn. Still, Knot warned that it could still take some time before inflation, at 6.1% in May, is fully under control. "Because inflation was high for a long period, underlying inflationary pressures have built up," Knot said in a speech. The ECB's consumer expectations survey also included a new nugget that could support arguments for more cautious policy tightening.

Persons: Eric Gaillard FRANKFURT, Klaas, Joachim Nagel, Francois Villeroy de Galhau, Balazs Koranyi, Bernadette Baum, Sharon Singleton Organizations: REUTERS, European Central Bank, ECB, Thomson Locations: Nice, France

☆ It Rocks in the Tree Tops, but Is That Bird Making Music?
▼ + stars: | 2023-06-06 | by ( Marlowe Starling | ) www.nytimes.com time to read: +1 min

According to Dr. Doolittle’s research, the song patterns of Eurasian blackbirds found in that region resemble Stravinsky’s compositional style. Neuroscience research points to the idea that this affinity between birds and humans is not so unusual. But the brains of monkeys and non-songbirds, like gulls, are organized in a different way, Dr. Bolhuis said. For example, both humans and birds can produce smash hits that evoke feelings in their listeners, the psychologist Dr. Tchernichovski explained. “This is the magic in music,” Dr. Tchernichovski said.

Persons: François, Bernard Mâche, zoomusicology, Igor Stravinsky’s, Dr, Johan Bolhuis, Bolhuis, Tchernichovski, ”, Birdsong, “ Locations: Ukraine

☆ Austrian Social Democrats feted wrong new leader after ballot mix-up
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

The party's electoral commission head Michaela Grubesa said on Monday the results had been attributed to the wrong candidates and the winner was in fact Andreas Babler. "Unfortunately, the paper ballots did not match the result that was announced digitally," she told a news conference. The correct count was 280 votes for Doskozil and 317 votes for Babler, or about 47% to 53%. He said he had requested another recount and would become leader if the result was confirmed. "If I take over this party I will work with my team towards the full comeback of Social Democracy," he said.

Persons: Hans Peter Doskozil, Michaela Grubesa, Andreas Babler, Grubesa, Babler, Michael Jungwirth, Francois Murphy, Angus MacSwan Organizations: Austria's Social, Social Democracy, Kleine Zeitung, Thomson Locations: VIENNA, Burgenland

☆ Three Europeans return home after release by Iran in prisoner swap
▼ + stars: | 2023-06-03 | by ( Charlotte Van Campenhout | ) www.reuters.com time to read: +5 min

They arrived around 2:45 a.m. (0045 GMT) and were greeted by Belgian Foreign Minister Hadja Lahbib, Belgium's Belga news agency reported. Danish citizen Thomas Kjems flew on to Copenhagen, landing at around 11 a.m. (0900 GMT) on Saturday. Austrian Foreign Minister Alexander Schallenberg tweeted photos of the two Austrians arriving in Vienna. Iranian Foreign Minister Hossein Amirabdollahian tweeted on Saturday that he had told Lahbib that he hoped the prisoners' release would "open a new page" in Iran's relations with Belgium and Europe. Belgian government officials said that officially there were still 22 Europeans in Iranian prisons, but that no more Europeans would be exchanged for Assadi.

Persons: Thomas Kjems, Read, Dane, Asadollah Assadi, Olivier Vandecasteele, Assadi, Hadja Lahbib, Belgium's, It's, I've, Alexander Schallenberg, Hossein Amirabdollahian, Lahbib, Amirabdollahian, Massud Mosaheb, Kamran Ghaderi, Lars Lokke Rasmussen, Kazem, Ahmadreza, Louise Rasmussen, Tom Little, Charlotte Van Campenhout, Bart Biesemans, Andrew Gray, Francois Murphy, Hugh Lawson, Mark Potter, Frances Kerry Organizations: Copenhagen Airport, Europeans, Belgian Foreign, Austrian, Ministry, Austrian Friendship Society, Danish, Assadi, Iranian, Thomson Locations: Copenhagen, Denmark, Iran, BRUSSELS, DUBAI, Tehran, Belgian, Belgium, France, Oman, Danish, Vienna, Iranian, Europe, ., Swedish, Brussels, Dubai

☆ Europe stocks climb after U.S. debt ceiling deal; Swedish property group SBB soars 30%
▼ + stars: | 2023-06-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Stoxx 600 index was up 1% around midday London time, as it climbed further from the two-month low hit on Wednesday. Mining stocks led gains, up 4.6%, while oil and gas rose 2% ahead of the June 4 OPEC+ meeting . European stock markets were higher Friday, after U.S. lawmakers passed a bill to raise the debt ceiling and cap government spending for two years, days before the default deadline. Recent comments from officials have indicated the central bank may opt to skip another hike at its June meeting. Governing Council member Francois Villeroy de Galhau said Thursday further hikes would be "relatively marginal" and "most of the path is complete."

Persons: Christine Lagarde, Francois Villeroy de Galhau Organizations: Mining, Federal Reserve, European Central Bank, ECB Locations: U.S, Europe

☆ Kaija Saariaho, Pathbreaking Composer of Singular Colors, Is Dead at 70
▼ + stars: | 2023-06-02 | by ( Joshua Barone | ) www.nytimes.com time to read: +2 min

Ms. Saariaho, who hadn’t had the desire to write an opera, changed her mind after seeing Mr. Sellars’s 1992 staging of Messiaen’s “St. That experience, Ms. Saariaho told her publisher, “opened my mind to what can be done by telling a story with music,” and led to a series of collaborations with the soprano Dawn Upshaw, one of its stars. And so Ms. Saariaho entered the 21st century with the premiere of her first opera, “L’Amour de Loin,” which was widely celebrated as a masterpiece and considerably raised her international profile. Francois d’Assise” team, including Mr. Sellars and Ms. Upshaw. Her output, Mr. Salonen said, “can be seen as a vast forest where all these plants and trees grow, and they’re in sort of a symbiotic relationship with each other.

Persons: Saariaho, hadn’t, Francois d’Assise ”, “, Dawn Upshaw, Rudel’s, Amin Maalouf, Sellars, Upshaw, Anthony Tommasini, ”, Salonen, Mr Organizations: Salzburg Festival, The New York Times, ” Locations: “ St, Austria, “, Finland

Venkatakrishnan's intervention underscores the pressure that the British bank is under to protect its U.S. investment banking franchise. Venkatakrishnan promised during the meeting to invest in the investment banking business to boost morale, the sources said. Miller left Barclays to join Jefferies last month, while Barclays only announced a new role for Astier this week, naming him global head of financial sponsors. Still, the exodus that Venkatakrishnan and other Barclays executives have been trying to stem has continued apace. But it was its consumer, cards and payments division, rather than investment banking, that led the charge.

Persons: C.S, Venkatakrishnan, dealmakers, Cathal Deasy, Morgan Stanley, Taylor Wright, Marco Valla, Deasy, John Miller, Jean, Francois Astier, Miller, Jefferies, Jim Rossman, Christopher Ludwig, Pete Contrucci, Evan Rothenberg, Daniel Kerstein, Contrucci, Rothenberg, Kerstein, Milana Vinn, Abigail Summerville, David Carnevali, Svea Herbst, Bayliss, Anirban Sen, Greg Roumeliotis, Christopher Cushing Organizations: YORK, Barclays, Citigroup Inc, UBS Group AG, Jefferies Financial Group Inc, Reuters, Credit Suisse Group AG, UBS, Lazard Ltd, Credit Suisse, Svea, Thomson Locations: Americas, Europe, Middle East, Africa, United States, New York, Rhode Island

[1/6] Aerial view of the wildfire in Shelburne County, Nova Scotia, Canada in this social media handout image released May 31, 2023. Nova Scotia Government/Handout via REUTERSMONTREAL, June 2 (Reuters) - A coastal city in Quebec ordered some 10,000 residents to evacuate homes on Friday as wildfires spread in eastern Canada and stretched firefighting resources already tackling blazes across the country. Wildfires are common in Canada's western provinces, but this year the eastern province of Nova Scotia is reeling from its worst-ever wildfire season. In another eastern province, Quebec, Premier Francois Legault has urged people to avoid spending time in forests over the next few days. Canadian armed forces have been helping fight fires in western Canada since early May and troops were sent to Nova Scotia on Thursday.

Persons: Bill Blair, Blair, Francois Legault, Stephane Lauzon, Justin Trudeau, Mateusz, Allison Lampert, Ismail Shakil, Nick Macfie Organizations: Nova, Nova Scotia Government, REUTERS, Emergency, Thomson Locations: Shelburne County , Nova Scotia, Canada, Nova Scotia, REUTERS MONTREAL, Quebec, Alberta, Northwest Territories, Saskatchewan, Manitoba, Quebec , New Brunswick, Polish, Ottawa, United States, Australia, New Zealand, South Africa, Poland, Montreal

LONDON/BERLIN, May 30 (Reuters) - Nestle (NESN.S), the world's biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group's (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to "pursue new professional challenges" after eight years in the role. Nestle, whose more than 2,000 brands include Kit Kat, Haagen-Dazs and Nescafe, said Manz will join Nestle as soon as she is released from her current duties. "We trust that Anna will pursue Francois' legacy, considering her strong career at Diageo," Vontobel analyst Jean-Philippe Bertschy said. Rival Unilever Plc (ULVR.L) also said on Tuesday that CFO Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.

☆ Opinion | Turkey’s Election Is a Warning About Trump
▼ + stars: | 2023-05-30 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

And it should serve as a warning about other places — including the Republican Party — where autocratic leaders, seemingly incompetent in many respects, are returning to power through democratic means. That’s not quite the way Erdogan’s close-but-comfortable victory in Sunday’s runoff over the former civil servant Kemal Kilicdaroglu is being described in many analyses. The president, they say, has spent 20 years in power tilting every conceivable scale in his favor. Erdogan has used regulatory means and abused the criminal-justice system to effectively control the news media. He has exercised his presidential power to deliver subsidies, tax cuts, cheap loans and other handouts to favored constituencies.

Persons: Jean, François Revel, “, Recep Tayyip Erdogan, Kemal Kilicdaroglu, Erdogan, Ekrem Imamoglu Organizations: Republican Party — Locations: French, Turkey, Sunday’s, Turkish, Istanbul

☆ Central African Republic plans referendum on scrapping presidential term limits
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

BANGUI, May 30 (Reuters) - Central African Republic's President Faustin-Archange Touadera said on Tuesday he would hold a referendum in July on his intention to change the constitution and remove term limits. Touadera's allies proposed the change in May last year, arguing that presidential term limits were uncommon in many neighbouring countries. Critics and opposition parties held protests last year as the reform would allow Touadera to run again in 2025 for a third term. A presidential decree issued later on Tuesday said the referendum would start on July 15 and end on July 28. The proposed reform echoes constitutional and other legal changes that have allowed presidents in several other African countries - including Rwanda, Congo Republic, Ivory Coast and Guinea - to stay in office.

Persons: Faustin, Archange Touadera, Touadera, Francois Bozize, Bozize, Judicael Yongo, Sofia Christensen, Richard Chang Organizations: Constitutional, National Assembly, Thomson Locations: BANGUI, Bangui, Rwanda, Congo Republic, Ivory Coast, Guinea

☆ Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 29 (Reuters) - Canada's federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday. The U.S. carmaker and South Korea's POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries. CAM includes components like processed nickel, lithium and other materials that make up about 40% of the cost of a battery, the industry ministry said in a statement. "This investment in GM-POSCO's new facility in Becancour will help further position Quebec as a key hub in Canada's growing EV supply chain," Industry Minister Francois-Philippe Champagne said.

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