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☆ France needs to work with the U.S. on A.I. regulation, finance minister says
▼ + stars: | 2023-06-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance needs to work with the U.S. on A.I. regulation, finance minister saysFrench Finance Minister Bruno Le Maire said France competes with the U.S. in artificial intelligence but also needs to work with the country on regulating the fast-growing technology.

Persons: Bruno Le Maire Organizations: France, U.S, French Finance Locations: France

☆ Macron to meet Elon Musk in Paris to talk Tesla investment
▼ + stars: | 2023-06-14 | by ( Michel Rose | ) www.reuters.com time to read: +3 min

[1/2] A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. "I'm going (into that meeting) with an agenda," Macron told reporters as he visited the VivaTech summit in Paris, France's biggest tech fair, which Musk will visit on Friday. Asked specifically whether he was hoping to secure a Tesla gigafactory, Macron said: "It's up to the company to look at these different issues in Europe. Earlier today, the French minister for digital affairs Jean-Noel Barrot told CNBC: "It will be great to have a Tesla factory in France. France previously tried to convince Musk to build a gigafactory in the country, but he chose Germany for his only such plant in Europe so far.

Persons: Annegret, Emmanuel Macron, Elon Musk, Tesla, Macron, Stellantis, Jean, Noel Barrot, Bruno Le Maire, Musk, Michel Rose, Akash Sriram, Silvia Aloisi, David Gregorio Our Organizations: REUTERS, Tesla, Reuters, Peugeot, Mercedes, Benz, CNBC, Finance, Thomson Locations: Gruenheide, Berlin, Germany, France, Spain, Paris, Europe, Bengaluru

☆ Croatia reach Nations League final after knocking out hosts Netherlands
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

ROTTERDAM, June 14 (Reuters) - Croatia scored twice in extra time to beat the Netherlands 4-2 in their Nations League semi-final in Rotterdam on Wednesday and advance to Sunday’s decider. Donyell Malen handed the hosts a 34th-minute lead before Andrej Kramaric equalised from the penalty spot 10 minutes into the second half. Cody Gakpo set it up by winning possession and five passes later, Mats Wieffer teed up an unmarked Malen to fire home. The Netherlands now have to play in the third-place playoff game against Thursday’s losers in Enschede on Sunday. Writing by Mark Gleeson in Cape Town; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Petkovic, Luka Modric, Donyell Malen, Andrej Kramaric, Mario Pasalic, Noa Lang, Netherlands ’, Cody Gakpo, Mats Wieffer teed, Modric, Luka Ivanusec, Lang, Petkovic, Mark Gleeson, Toby Davis Organizations: Croatia, Nations League, Feyenoord, Thomson Locations: ROTTERDAM, Netherlands, Rotterdam, Croatia, Italy, Spain, Enschede, Qatar, Gakpo, Pasalic, Cape Town

☆ How Berlusconi got his billions
▼ + stars: | 2023-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire. It was through Fininvest that Berlusconi acquired big stakes in some of Europe’s major media firms, as well as AC Milan. Berlusconi owned a 61.3% stake in the holding company at the end of 2021, Reuters has reported. AC Milan players won the Italian championship in 1988 when Silvio Berlusconi was the club's president. Marina Berlusconi, left, Pier Silvio Berlusconi, center, and Mrs. Rosa, Silvio Berlusconi's mother, photograhed in 1998 Luca Bruno/AP/FILEPier Silvio, 53, is the chief executive of MediaForEurope.

Persons: London CNN — Silvio Berlusconi, Berlusconi, Silvio Berlusconi, Ferdinando Meazza, MediaForEurope —, Fininvest, ”, Marina, Marina Berlusconi, Pier Silvio Berlusconi, Rosa, Silvio Berlusconi's, photograhed, Luca Bruno, Silvio, — Niamh Kennedy, Sammy Mncwabe Organizations: London CNN, AC Milan, Bloomberg, Media, Milan, Reuters, Mondadori, Italy’s, Prosecutors, Mediaset Locations: Italy, Fininvest, MediaForEurope, Spain, Germany’s ProSiebenSat, Milan

☆ EU to try again for renewable energy deal after nuclear row
▼ + stars: | 2023-06-10 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

BRUSSELS, June 10 (Reuters) - European Union countries will try again next week to pass a deal on new renewable energy targets, which have been stalled by concerns from France and other states that the law sidelines nuclear energy. Paris has sought changes to the law to offer more favourable treatment of nuclear energy, and said the final deal puts at a disadvantage countries like France with large shares of nuclear power. Nuclear energy is low-carbon, but not renewable. The EU law is designed to drive a rapid expansion of renewable energy sources like wind and solar. Meanwhile, states including Germany and Luxembourg - both anti-nuclear countries - plus Denmark and Ireland have urged the EU to resolve the spat quickly, warning the delay endangers investments in renewable energy.

Persons: Paris, Bruno Le Maire, Kate Abnett, Dominique Vidalon, Frances Kerry Organizations: Union, EU, European Commission, French Finance, France, Thomson Locations: BRUSSELS, France, EU, Paris, Bulgaria, Poland, Hungary, Czech Republic, Germany, Luxembourg, Denmark, Ireland

While food inflation has become a concern for European governments from Britain to Italy recently, France has been among the most aggressive in pushing price cuts. In Hungary, Prime Minister Viktor Orban has imposed mandatory price cuts on some basic food items. But food prices still were up 14% last month after a record spike of almost 16% in March. Food prices surged after food companies and big retailers agreed in March to an average 10% increase in prices, responding to a surge in input prices the previous year and wages after Russia's February 2022 invasion of Ukraine. Meanwhile, the food industry has seen profits surge, largely making up for sharp falls during the pandemic, Le Maire said.

Persons: Bruno Le Maire, Le Maire, BFM, Viktor Orban, Maire, Knorr, Kraft Heinz, Benoit Van Overstraeten, Leigh Thomas, Richa Naidu, Silvia Aloisi, Hugh Lawson, Mark Potter Organizations: Food, Unilever, Finance, Reuters, Ministry of, Nestle, Danone, Pepsico, Thomson Locations: PARIS, France, Britain, Italy, Hungary, Ukraine

☆ France plans to close tax loophole benefiting AirBnB
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Charles Platiau/File PhotoPARIS, June 9 (Reuters) - France's finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as AirBnB (ABNB.O), Finance Minister Bruno Le Maire said on Friday. A trio of cross-party lawmakers last month called for rules regulating such rentals to be tightened and for an end to the more favourable tax treatment such rentals receive vis a vis normal long-term rentals. "I have a hard time understanding the very favourable tax treatment for AirBnB. We are going to reform the tax rules and I will make proposals," Le Maire said on BFM TV. "When a windfall gets too big and tax is too favourable, there is no reason to keep such tax treatment that leads to excess," he added.

Persons: Charles Platiau, Bruno Le Maire, Le Maire, pollsters, Le Maire's, Leigh Thomas, Elizabeth Pineau, Louise Heavens Organizations: La Defense, REUTERS, Finance, Thomson Locations: La, Paris, France

☆ France's Macron seeks to show he's no lame duck as pension discontent rumbles on
▼ + stars: | 2023-06-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

France's President Emmanuel Macron looks on in a meeting with JP Morgan CEO during the 5th edition of the "Choose France" Business Summit, in Versailles, southwest of Paris, on July 11, 2022. Around 8,000 demonstrators took to the streets of Toulouse, France, on June 06, 2023, protesting against the government. "They know Macron has no alternative than to rely on them, making it almost impossible to develop the centrist domestic project," he said. This is largely attributable to Macron's agenda," Schmieding said, adding France was replacing Germany was the most dynamic major European economy. French President Emmanuel Macron and Chinese President Xi Jinping shake hands at a Franco-Chinese business council meeting in Beijing, China April 6, 2023.

Persons: Emmanuel Macron, Morgan, Ludovic Marin, Chancellor Olaf Scholz, Macron, Renaud Foucart, Foucart, Les Republicains, Mujtaba Rahman, Rahman, Bruno Le Maire, Elon Musk, Holger Schmieding, Schmieding, Xi Jinping Organizations: Business, Afp, Getty, Nurphoto, Lancaster University, Eurasia Group, Macron, Finance, EU, U.S, Elon Locations: Versailles, Paris, Germany, Union, Toulouse, France, China, Ukraine, Europe, Beijing

☆ Investing in Space: Here are the rockets chasing to compete with SpaceX's Falcon 9
▼ + stars: | 2023-06-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +14 min

SpaceXCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Overview: Chasing the FalconNo rocket has been better-described as a "workhorse" than SpaceX's Falcon 9. Aside from Blue Origin's New Glenn, the early theme is rockets that are close to the capability of Falcon 9 and less expensive. – CNBC, which the lawsuit says were used for NASA projects including the International Space Station and the Space Launch Systems rocket. – Firefly Aerospace: The rocket builder says the deal will bolster its launch, spacecraft, and lunar lander businesses.

Persons: CNBC's Michael Sheetz, Phil Smith, SpaceX's, Glenn, Smith, –, Smith doesn't, CNBC ULA, Tory Bruno, Jeff Bezos, ULA, – Read, Shepard, Bob Smith, Jim Free, Artemis, HawkEye, – Hydrosat, Leonardo DiCaprio, – Momentus, Westinghouse EchoStar's Hughes, – EchoStar, Iris Lan, Sumara Thompson, King, Lan, – NASA Celeste Ford, Ford, – SpiderOak Melissa Quinn, Quinn Organizations: SpaceX CNBC's, SpaceX, Falcon, Boeing, NASA, CNBC, CNBC Department of Defense, Ukraine, Starlink, Pentagon, –, Space Station, Systems, CNBC SpaceX, Cargo, International Space, FAA, Intelsat, Japan Airlines, Embraer, – Intelsat, Rocket, ONE, Washington, Spaceflight, Aerospace, Aerospace Spacecraft, York, MaC Venture Capital, Broom Ventures, Veto, TechCrunch Viasat, Air Force, Viasat, Westinghouse, U.S . Department of Justice, – NASA, Ford, Stellar Solutions Locations: Florida, China, Russia, Colorado, Ukrainian, Bellevue , Washington, Cortado, Cornwall

☆ Buy this Brazilian oil stock on the strength of its dividend potential, Morgan Stanley says
▼ + stars: | 2023-06-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Petrobras on the strength of its dividend potential, Morgan Stanley said Wednesday. "PBR has been a strong performer YTD, but we see further room for capital appreciation," Montanari wrote. "And the potential total return — 51% after a ~16% dividend yield — looks compelling enough to us to justify a more positive stance on the stock in 2023." "Our new estimates, using lower oil prices form the current forward curve, have PBR still generating [free cash flow] of $23B in 2023, a 30% yield," Montanari wrote. During Wednesday premarket trading, Petrobras shares gained 1.9%.

Persons: Morgan Stanley, Bruno Montanari, YTD, Montanari, outpacing Brent, — CNBC's Michael Bloom Organizations: Petrobras, Montanari Locations: U.S

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

PARIS, June 5 (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an investment of 7.5 billion euros that chipmakers STMicroelectronics and GlobalFoundries (GFS.O) are making to build a semiconductor factory in Crolles, southeastern France. The 2.9 billion euros are part of the 5.5 billion euros package France has set aside for its investments in the microchip sector by 2030, he added. On April 28, STMicroelectronics and GlobalFoundries secured EU approval to build the Crolles chip factory with French state aid. France overall aims to create 10,000 new jobs in the semiconductor sector by 2030. ($1 = 0.9352 euros)Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Le Maire, GlobalFoundries, Dominique Vidalon, Sudip Kar, Benoit Van Overstraeten Organizations: Finance, European Union, EU, America, Thomson Locations: France, Crolles, United States, U.S

☆ Dom Phillips and Bruno Pereira: Brazil names two more suspects in deaths of British journalist and indigenous expert
▼ + stars: | 2023-06-05 | by ( Sahar Akbarzai | ) edition.cnn.com time to read: +2 min

CNN —Two more suspects have been named in the alleged murders of British journalist Dom Phillips and indigenous expert Bruno Pereira, including the alleged mastermind of the crime, Brazilian police say. Phillips and Pereira were shot dead a year ago while they were returning from a reporting trip in the Amazon. Fisherman Janio Freitas de Souza has also been named as a suspect and has links to the illegal fishing criminal organization, the statement added. Both men have been imprisoned since July 2022, along with three other suspects and are awaiting trial, police told CNN. The deaths of Phillips and Pereira has drawn global attention to the perils often faced by journalists and environmental activists in Brazil.

Persons: Dom Phillips, Bruno Pereira, Phillips, Pereira, Ruben Villar, ”, Janio Freitas de Souza Organizations: CNN, Amazon, Brazil’s Federal Police, Indigenous Organization, Human Rights, Commission, Catholic Church Locations: British, Colombia, Javari, Brazil

☆ Gundogan double seals FA Cup final win for City over United
▼ + stars: | 2023-06-03 | by ( Martyn Herman | ) www.reuters.com time to read: +1 min

LONDON, June 3 (Reuters) - Manchester City moved to within one victory of completing a momentous treble as they beat Manchester United 2-1 in the FA Cup final on Saturday thanks to Ilkay Gundogan's double. City captain Gundogan entered the record books as he scored the fastest goal in FA Cup final history, crashing home an exquisite volley after 12 seconds. But Gundogan restored City's lead with another volley seven minutes after the interval and Pep Guardiola's side resisted late pressure to win the trophy for a seventh time. The Premier League champions face Inter Milan in next Saturday's Champions League final when victory would see them match United's triple triumph in the 1998-1999 season. Reporting by Martyn Herman, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Ilkay, Gundogan, Bruno Fernandes, Martyn Herman, Ed Osmond Organizations: Manchester City, Manchester United, FA, City, Premier League, Inter Milan, League, Thomson Locations: Manchester

☆ Man City edge closer to treble after FA Cup final win over Man Utd
▼ + stars: | 2023-06-03 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, June 3 (Reuters) - Manchester City moved to within one victory of completing a momentous treble as they deservedly beat arch-rivals Manchester United 2-1 in the FA Cup final thanks to Ilkay Gundogan's record-breaking double on Saturday. City captain Gundogan scored the fastest goal in FA Cup final history with a stunning volley after 12 seconds and struck what proved to be the winner seven minutes after halftime. It is the 13th time the English league and FA Cup double has been achieved. The FA Cup is so nice." It eclipsed the previous fastest FA Cup final goal scored by Louis Saha after 25 seconds for Everton against Chelsea in 2009 and City threatened to run riot against a stunned United.

Persons: Ilkay, Gundogan, Nat Lofthouse, Bruno Fernandes, Pep Guardiola's, Alex Ferguson, Guardiola, Stefan Ortega's, Erling Haaland, David de Gea, Louis Saha, Rodri, Jack Grealish, Kevin de Bruyne, Aaron Wan, Paul Tierney, Tierney, Fernandes, Ortega, Raphael Varane volleyed, De Bruyne's, De, Alejandro Garnacho, Erik Ten, Martyn Herman, Pritha Sarkar Organizations: Manchester City, Manchester United, FA, City, Bolton Wanderers, United . United, Inter Milan, Premier League, League, Champions League, Wembley, Everton, Chelsea, United, Grealish, Inter, Thomson Locations: Manchester, City, Istanbul

☆ S&P spares France from rating downgrade
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 2 (Reuters) - Ratings agency S&P spared France on Friday the embarrassment of downgrading the country's sovereign debt, but remained cautious about the outlook on account of strained public finances. S&P left the country's AA rating untouched after a regular review and said that the outlook remained negative due to "downside risks to our forecast for France's public finances amid its already elevated general government debt". Finance Minister Bruno Le Maire told weekend newspaper Le Journal du Dimanche that S&P's decision to keep its AA rating was a "positive signal" and that the government's public finance strategy was credible. S&P said that potential triggers for a downgrade could come in the form of prolonged economic slowdown or failure to rein in the public finances, notably by leaving public spending high. Le Maire said that "several billion euros" in budget savings would be detailed later this month after a spending review for which he has asked each ministry to identify cutbacks worth 5% of their budget.

Persons: Fitch, Bruno Le Maire, Le Maire, Leigh Thomas, Diane Craft, Will Dunham Organizations: AA, Finance, Thomson Locations: France

☆ China's economy isn't rebounding as fast as anyone expected
▼ + stars: | 2023-05-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

While I personally won't be flying internationally anytime soon, we're diving into China's lethargic economy for today's newsletter. The much-anticipated economic rebound hasn't quite materialized for China in the way many had expected. The sluggish recovery has embedded itself in nearly every corner of the world's second-largest economy, even in some of the most obscure commodities markets. The CSI 300 index has slipped over recent weeks, and luxury brands reliant on China's large consumer base have tumbled. What's your outlook on China's economy for the rest of 2023?

Persons: I'm Phil Rosen, Jamie Dimon, Tesla, China Tuul, Bruno Morandi, Rockefeller International's Ruchir Sharma, Nicholas Lardy, Lardy, Filip De Mott, Tweet, Sheldon Cooper, Nordstrom, Goldman Sachs, there's, that's, Phil Rosen, Jason Ma, Nathan Rennolds Organizations: JPMorgan, Peterson Institute for International Economics, Getty, World Gold, Fed, Nvidia, Microsoft, Saudi Aramco Locations: Elon, China, Washington, Shanghai, Shenzhen, . Utah , Colorado, Scottsdale, Saudi, New York, Los Angeles, London

☆ I'm a cruise musician on an adults-only ship. I make thousands of untaxed dollars each month and get to travel the world.
▼ + stars: | 2023-05-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Jack Nolan, 32, is a guitar player who lives and works on a Virgin Voyages cruise ship. He was starting his own cruise ship band and he asked me if I wanted to play guitar. Our drummer already knew the process of how to get a cruise ship gig, so he led the way. That's a really sweet part of being a full-time cruise ship musician, to save so much money. Jack Nolan makes $4,000 per month as a cruise ship musician, he told Insider.

Persons: Jack Nolan, Nolan, I'm, Valiant, Elvis, Etta James, Bruno Mars, It's, I've, we've, we're, Greece — it's, haven't, it's Organizations: Virgin, Morning, Celebrity, British, Kangaroos Locations: England, Australia, New Zealand, Norwegian, Greece, LA, California

☆ Journalists to complete book on saving Amazon rainforest by murdered British writer
▼ + stars: | 2023-05-31 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

LONDON, June 1 (Reuters) - One year after British reporter Dom Phillips was murdered in Brazil while working on a book about saving the Amazon rain forest, a group of journalists aims to complete the project, his family and former colleagues said on Thursday. They will use notes and transcriptions of interviews conducted by Dom Phillips and conduct their own research trips to the Amazon region to complete the missing chapters. Other journalists who also have experience covering issues related to the Amazon will fact-check and proofread the draft chapters, Watts said. "Dom was killed for this book," he said. "The least we can do is finish the task to which he had devoted the latter part of his life.

Persons: Dom Phillips, Phillips, Bruno Pereira, Pereira, Jon Lee Anderson, Tom Phillips, Jonathan Watts, Andrew Fishman, Watts, Dom, William Schomberg, David Gregorio Our Organizations: Manilla Press, Bonnier Books, Guardian, Washington Post, New, Intercept, Thomson Locations: Brazil, Brazil's, Peru

☆ France inaugurates first of four gigafactories in the north
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

[1/4] French Finance Minister Bruno Le Maire visits the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. REUTERS/Pascal Rossignol/PoolBILLY-BERCLAU, France, May 30 (Reuters) - France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. It highlights the race between European governments to attract global car makers as they seek to bring the supply of components for electric vehicles closer to their main markets. French President Emmanuel Macron, who personally lobbied to secure at least one the gigafactories in the Dunkirk region, has set a production target of 2 million electric vehicles made in France by 2030. ($1 = 0.9084 euros)Reporting by Gilles Guillaume, writing by Silvia Aloisi; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ The Venice Architecture Biennale puts Africa center stage
▼ + stars: | 2023-05-30 | by ( Marianna Cerini | ) edition.cnn.com time to read: +11 min

Venice, Italy CNN —Until recently, the Venice Architecture Biennale — arguably the world’s largest architecture exhibition — has drawn crowds for its (mainly Western) star appeal. In a May 20 Facebook post titled “Venice Biennale Blues,” Zaha Hadid Architects’ principal, Patrik Schumacher, wrote that “the ‘Architecture’ Biennale is mislabeled and should stop laying claim to the title of architecture. The German pavilion, which is displaying construction waste produced by 2022’s Venice Art Biennale is a case in point. The German Pavilion at the 18th Architecture Biennale is displaying and repurposing constuction waste from the city's Art Biennale last year. The British Pavilion curators Meneesha Kellay, Joseph Henry, Jayden Ali and Sumitra Upham, with commissioner Sevra Davis, photographed in London.

☆ UK government says it is meeting with food bosses over high prices — but denies it will impose caps
▼ + stars: | 2023-05-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The government is reportedly in discussions with supermarkets over voluntary price caps on some items. "The government is not considering imposing price caps. Any scheme to help bring down food prices for consumers would be voluntary," a government spokesperson told CNBC by email. "We know the pressure households are under with rising costs and while inflation is coming down, food prices remain stubbornly high. That's why the prime minister and the chancellor have been meeting with the food sector to see what more can be done."

☆ France in 'very close discussions' with S&P ahead of rating update
▼ + stars: | 2023-05-28 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: French Finance Minister Bruno Le Maire speaks at a joint news conference after his meeting with World Trade Organisation (WTO) Director-General Ngozi Okonjo-Iweala at WTO headquarters in Geneva, Switzerland, April 1, 2021. REUTERS/Denis Balibouse/Pool//File PhotoPARIS (Reuters) - French Economy Minister Bruno Le Maire is in “very close discussions” with credit ratings agency Standard and Poor’s, which put France on notice in January for a possible downgrade, Prime Minister Elisabeth Borne said on Sunday. “There are very close discussions between Standard and Poor’s and Bruno Le Maire,” Borne told Radio J. “I think there were detailed explanations from Bruno Le Maire to Standard and Poor’s on everything we’re doing to control our public finances and I think that we act in this direction,” she said. Le Maire explained France’s reforms and its objective of cutting the country’s budget deficit to 2.7% of gross domestic product by 2027, she said.

☆ Prospective international spies are demanding to work from home and bring their cell phones to the office, spy chief says
▼ + stars: | 2023-05-27 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

"We cannot offer certain things that are taken for granted today," Kahl said. "Remote work is barely possible here as we need to guarantee security. Not being able to take cell phones into the workplace is also not something you can expect from young people today," he added. According to the CIA's Ask Molly feature, "the CIA's public voice since 2002," prospective US agents will also be disappointed to hear that the service rarely allows for remote work. The website says that staff "primarily work in a Sensitive Compartmented Information Facility (SCIF) to protect our information, sources, and methods from prying eyes or those who may want to harm," meaning opportunities for remote work are scarce.

☆ ‘Greedflation’ loosens its grip on food retailers
▼ + stars: | 2023-05-24 | by ( Aimee Donnellan | ) www.reuters.com time to read: +4 min

Big food manufacturers like Kraft Heinz (KHC.O) and Unilever (ULVR.L) are ratcheting down the price rises they have been inflicting onto supermarket chains. If food retailers can convince cash-strapped customers to skimp less and pay more, their profit margins will finally start growing. Last week, the country’s food retailers opened negotiations on prices with manufacturers like Coca-Cola (KO.N) and Unilever as food inflation surged to over 15% in March. Food manufacturers can certainly do more. Meanwhile, food inflation remained high at 19.1% in April versus 19.2% in March.

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