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French August inflation higher than expected, fuelled by energy
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Eric Gaillard/File Photo Acquire Licensing RightsPARIS, Aug 31 (Reuters) - French inflation accelerated more than expected in August as a new fall in food inflation was more than offset by higher energy prices, preliminary EU-harmonised official data showed on Thursday. French consumer prices reached a 12-month inflation rate of 5.7%, up from 5.1% in July, the INSEE stats agency said. A Reuters poll of 18 economists had an average forecast for the 12-month inflation rate of 5.4% with estimates ranging from 4.7% to 5.8%. "This rise in inflation is due to a rebound in energy prices. Food prices were up 11.1% in August, versus +12.7% in July while energy prices, which fell by 3.7% last month, rose 6.8%.
Persons: Eric Gaillard, Bruno Le Maire, Benoit Van Overstraeten, Jean, Michel Belot, Silvia Aloisi Organizations: REUTERS, Rights, French Finance, Thomson Locations: Nice, France
But food prices have continued to climb in France and many other countries even after energy and agricultural commodity costs fell sharply this year. In July, food prices in France were 12.7% higher than a year earlier, compared with a 13.7% increase in June. Retailers say part of the reason why France is struggling to cut prices more aggressively lies with the way retail prices are set in the country. HOW DO FRANCE'S RETAILERS SET PRICES? HOW ARE FOOD PRICES LINKED TO RAW MATERIALS?
Persons: Eric Gaillard, Bruno Le Maire, Le Maire, Les Mousquetaires, Emmanuel Macron's, Olivier Bompard, Henkel, Sybille De La Hamaide, Silvia Aloisi, Mark Potter Organizations: Carrefour, REUTERS, Rights, Finance, Retailers, Procter, Gamble, Unilever, Thomson Locations: Nice, France, Ukraine
High food prices are a concern for all European governments, with retailers and consumer goods groups trading blame. In Hungary, Prime Minister Viktor Orban has imposed mandatory price cuts on some basic food items. And in Portugal, the government announced in March a package to help low-income families, including scrapping the value added tax on essential food products. French retailers have called for more regular price negotiations with consumer goods companies to reflect changes in the price of raw materials. This year those negotiations led to a 10% increase on the price of products on supermarket shelves.
Persons: Eric Gaillard, Bruno Le Maire, Mousquetaires, Thierry Cotillard, It's, Carrefour Alexandre Bompard, Viktor Orban, Le Maire, Dominique Vidalon, Helen Reid, Silvia Aloisi, Ingrid Melander, Bernadette Baum, David Evans, David Gregorio Our Organizations: REUTERS, Rights, French Finance, Federation du Commerce, RTL, Carrefour, FDC, Thomson Locations: Nice, France, Italy, Hungary, Portugal, Paris, London
A man walks past the logo of Fox Networks Group during the annual MIPCOM television programme market in Cannes, France, October 16, 2018. The FCC said it was opening a public docket allowing for release of comments and presentations, saying permitting broader participation will serve the public interest. A Fox Television spokesperson on Wednesday said the "petition to deny the license renewal of WTXF-TV is frivolous, completely without merit and asks the FCC to upend the First Amendment and long-standing FCC precedent." The FCC, an independent federal agency, does not license broadcast networks, but issues them to individual broadcast stations on a staggered basis for eight-year periods. Fox cited FCC Chair Jessica Rosenworcel's comments in 2017 opposing Trump's suggestion the FCC could revoke the broadcast license for Comcast's (CMCSA.O) NBC over coverage of his administration.
Persons: Eric Gaillard, Fox, Joe Biden, Donald Trump, Jessica Rosenworcel's, Rosenworcel, David Shepardson, Sonali Paul Organizations: Fox Networks Group, REUTERS, Rights, U.S . Federal Communications Commission, Fox Television Stations, The Media, Democracy, Fox, U.S . Capitol, FCC, Fox Corp, Dominion Voting Systems, Republican, Fox Television, FOX, Philadelphia, NBC, Thomson Locations: Cannes, France, Philadelphia, U.S
Visitors walk past the Huawei logo at the World Artificial Intelligence Cannes Festival (WAICF) in Cannes, France, February 10, 2023. REUTERS/Eric Gaillard/File Photo Acquire Licensing RightsCompanies Huawei Technologies Co Ltd FollowAug 22 (Reuters) - Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday. The U.S. Commerce Department had added Huawei to its export control list in 2019 over security concerns. If Huawei is constructing facilities under names of other companies as Semiconductor Industry Association says, then it might be able to circumvent U.S. government restrictions to indirectly purchase American chip-making equipment, according to the Bloomberg report. Huawei and the Semiconductor Industry Association did not immediately respond to Reuters' requests for comment.
Persons: Eric Gaillard, Akanksha, Sherry Jacob, Phillips Organizations: Huawei, Artificial Intelligence Cannes, REUTERS, Huawei Technologies Co, Huawei Technologies, Bloomberg, Semiconductor Industry Association, U.S . Commerce Department, Thomson Locations: Cannes, France, China, Washington, United States, Bengaluru
France issues 'red alert' over heatwave in south
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Electricite de France (EDF) is seen in front of electrical pylons at the Tricastin nuclear power plant site in Saint-Paul-Trois-Chateaux, France, November 21, 2022. The departments targeted by the alert, which allows local authorities to call off events and close public facilities if needed, are the Rhone, Drome, Ardeche and Haute-Loire, Meteo France said. Earlier on Monday, Meteo France had issued an orange alert for half of the country's territory, saying temperatures will reach between 35 and 38 C (95 to 100 F) in most of the affected departments. Temperatures are expected to rise to between 40 and 42 Celsius (104 and 108 F) on Tuesday afternoon in the southern departments of Ardeche, Drome, Vaucluse and Gard, Meteo France said. Some technical issues at the reactor also played a role in delaying the restart to Aug. 25, an EDF spokesperson told Reuters.
Persons: Eric Gaillard, Meteo, Forrest Crellin, Dominique Vidalon, Tassilo Hummel, Sudip Kar, Emelia, Jonathan Oatis Organizations: REUTERS, Rights, EDF, Reuters, Thomson Locations: France, Saint, Rhone, Drome, Ardeche, Haute, Loire, Meteo France, Vaucluse, Gard
An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. A decision likely would be made early in 2024, Ben Tal Ganancia said. At list prices the investment would be near $4 billion but El Al would likely pay far less after discounts. "It is serious," Ben Tal Ganancia said of the talks with Europe's Airbus. In the second quarter, El Al earned a net $59 million versus net profit of $100 million a year earlier.
Persons: Israel El, Eric Gaillard, Dina Ben Tal Ganancia, Ben Tal Ganancia, El Al, Steven Scheer, Tim Hepher, David Goodman, Mark Potter Organizations: Nice, REUTERS, TEL, Al Israel Airlines, Airbus, El, Boeing, Reuters, El Al, Tel Aviv Stock Exchange, Europe's Airbus, Ben Gurion, Revenue, Ben Gurion International Airport, Thomson Locations: Israel, Tel Aviv, France, TEL AVIV, United States, El, Asia, Australia, North America, Istanbul, Dublin, Tokyo, Mumbai, Fort Lauderdale
Some billionaires rocketed into space as Branson and Amazon founder Jeff Bezos have. Other rich travelers journeyed on a submersible to explore the wreckage of the ocean liner Titanic. For $250,000 to $300,000 a trip, Kent sometimes fields unusual requests including helping a Saudi prince fulfill his dream of flying a plane onto and off of an aircraft carrier. The experience was so demanding that Ackman's father expressed concern about the intended trip, not for his son but for another fund manager who had signed up to go. One person familiar with that excursion said it probably wouldn't happen again, in part because it was such a potentially risky undertaking.
Persons: Eric Gaillard, Richard Branson, Branson, Jeff Bezos, , Alexandre Cymbalista, Geoffrey Kent, Kent, Goldman Sachs, Monica Heslington, Goldman, Melissa Biggs Bradley, Massimo Bottura, Bill Ackman, Whitney Tilson, Tilson, Ackman, Svea Herbst, Bayliss, Tatiana Bautzer, Julia Harte, Nupur Anand, Paritosh Bansal, Anna Driver Organizations: REUTERS, Twitter, Virgin Galactic, Virgin Group, Amazon, Wall Street, Abercrombie, Kent, Credit Suisse, SPECIAL, Goldman, Art Basel, Rubell Museum, Bank of America, Indagare, Ferrari, Navy, Svea, Thomson Locations: Nice, France, New York City, Branson, safaris, Botswana, Kent, Saudi, Africa, Miami, Art Basel, Modena, Italian, Mongolia, California
[1/2] A sign reading "Low prices for you" is seen on a shopping trolley in a supermarket in Nice, France, March 1, 2023. REUTERS/Eric Gaillard/File PhotoLONDON/PARIS, June 23 (Reuters) - Danone (DANO.PA) and Kellogg (K.N) are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative. The French government is using the list seen by Reuters, produced by a research group, as a reference for the project, according to three sources with knowledge of the matter. Some consumer goods makers have said recently that costs are starting to ease, leading lawmakers and regulators to accuse companies of keeping prices high unnecessarily. Investors have in recent months warned that consumer goods companies should start easing price increases as supply chain costs decline, worried that further hikes could hit market share and margin growth.
Persons: Eric Gaillard, Bruno Le Maire, Knorr, Avril, Pernod Ricard, Kellogg, Richa Naidu, Matt Scuffham, Jan Harvey Organizations: REUTERS, Danone, Kellogg, Finance, Reuters, Unilever, Nestle, ABI, Thomson Locations: Nice, France, PARIS, Ukraine
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
[1/2] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard/File PhotoISTANBUL, June 5 (Reuters) - Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said. FRAGMENTATIONHowever, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.
Persons: Eric Gaillard, Willie Walsh, Walsh, Marie Owen Thomsen, Joanna Plucinska, David Evans Organizations: Air France, REUTERS, Airlines, EU, SAF, Air Transport Association, Officials, Chicago Convention, Activists, Thomson Locations: Nice, France, ISTANBUL, Europe, Istanbul, United States, COVID
[1/3] The 76th Cannes Film Festival - Photocall for the film "Gran Turismo" - Cannes, France, May 26, 2023. Geri Halliwell-Horner and Orlando Bloom pose at the Carlton Pier. REUTERS/Eric GaillardCANNES, May 26 (Reuters) - Actor Orlando Bloom and former Spice Girl Geri Halliwell-Horner were at the Cannes Film Festival on Friday to promote "Gran Turismo", based on a true story about a video game player who used his skills to become a professional racing driver. Archie Madekwe, who was in the 2019 folk horror "Midsommar", plays Mardenborough, who now races in Japan's Super GT series, in the film distributed by Sony Pictures. "You have this very honest, real and true-to-life story, which is, I think, something everyone can relate to," he said.
[1/3] The 76th Cannes Film Festival - The Palm Dog Awards - Cannes, France, May 26, 2023. Stan, a Border Collie, receives the Palm Dog award on-behalf of the dog named Snoop of the film "Anatomie d'une chute" (Anatomy of a Fall). Messi played Snoop, a role which the jury said required a range of skills and emotions from its doggie actor, making the border collie a worthy winner of the main Palm Dog prize. "It's probably the greatest award ever, so we are truly, truly overwhelmed," said Jussi Vatanen, who stars alongside Alma Poysti in the tragicomedy about a budding romance. The Palm Dog awards have honoured the top dogs on screen since 2001, with categories added this year including Mutt Moment and Highly Commended Canine.
The 76th edition of the festival, taking place from May 16 to May 27, has seen Cannes' usual population triple to 230,000 people to watch films, rub shoulders with celebrities, and - in some cases - compete for the coveted Palme D'Or. Gaillard, who is retiring after this festival, was there for Reuters, snapping Michael Douglas pointing at the camera with a cheeky grin and a besuited Harrison Ford receiving an Honorary Palme D'Or. He was there in 1997 when Michael Jackson was in attendance, in 2008 when Diego Maradona showed off soccer tricks, and in 2018 when Kristen Stewart kicked off her heels on the red carpet. A shot from the 48th edition of the festival in 1995 shows a disarmingly young Johnny Depp, while a black-and-white photo from 1987 depicts a tanned, bejeweled Liz Taylor with one-time flame George Hamilton.
Euro zone investor morale unexpectedly dips in May
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +2 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 GaillardBERLIN, May 8 (Reuters) - Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday. Sentix's index for the euro zone fell to -13.1 points for May from -8.7 in April. "The economic recovery, which is built on feet of clay, is thus beginning to falter," the survey said. The euro zone economy had been recovering in recent months, driven by robust demand for services, and a host of agencies from the IMF to the ECB have upgraded their forecasts for the bloc.
Djokovic hoping to hit top gear on clay after Banja Luka exit
  + stars: | 2023-04-22 | by ( ) www.reuters.com   time to read: +2 min
The loss is Djokovic's second early exit from a tournament in as many weeks, following his third-round defeat to Lorenzo Musetti at the Monte Carlo Masters last week. On the other hand, I played much worse than I wanted to," Djokovic told reporters after the defeat in Banja Luka, Bosnia and Herzegovina. The French Open, the second Grand Slam of the season, begins on May 28. I want to play my best tennis there," said Djokovic, who has also been struggling with an elbow injury. "The conditions are totally different there in comparison with Monte Carlo and Banja Luka.
Rublev gets long-awaited reward with Monte Carlo title
  + stars: | 2023-04-16 | by ( ) www.reuters.com   time to read: +2 min
[1/6] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 16, 2023 Russia's Andrey Rublev celebrates with the trophy after winning the final against Denmark's Holger Rune REUTERS/Eric GaillardApril 16 (Reuters) - Andrey Rublev made the most of Holger Rune's nerves to win a see-saw Monte Carlo final 5-7 6-2 7-5 on Sunday, as the Russian's talent was finally rewarded with a Masters title. Rublev, 25, was 4-1 down in the decider but ground his way back into the contest to prevail on his second match point with an ace at a sun-drenched Monte Carlo Country Club. It was Rublev's third attempt in a Masters final after failing at the final hurdle here in Monte Carlo and in Cincinnati in 2021. "I don't know what to say, I'm just happy, I struggled so much to get this title," said Rublev. The Russian then broke to love and levelled the contest on serve as Rune seemed to lose his composure.
Rublev downs Fritz to reach Monte Carlo Masters final
  + stars: | 2023-04-15 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 15, 2023 Russia's Andrey Rublev celebrates after winning his semi-final match against Taylor Fritz of the U.S. REUTERS/Eric GaillardApril 15 (Reuters) - Andrey Rublev moved into his third Masters final after fighting back from a set down in Monte Carlo to beat American Taylor Fritz 5-7 6-1 6-3 at the picturesque Court Rainier III on Saturday. The pair have met regularly in Masters tournaments and Fritz had the upper hand with a three-match win streak against Rublev, but it was the Russian who prevailed in an encounter that was suspended for nearly two hours in the final set due to rain. Very tough for me mentally to play against him," fifth seed Rublev told reporters. Rublev had the opportunity to serve for the set but Fritz converted his fourth consecutive break point to take the opener as his rattled Russian opponent requested a bathroom break before the second set. Although Fritz saved three match points on serve, Rublev served for the match in the next game to move into the final where he will meet either Jannik Sinner or Holger Rune.
Tsitsipas dumped out of Monte Carlo Masters by Fritz
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 14, 2023 Taylor Fritz of the U.S. and Greece's Stefanos Tsitsipas shake hands after their quarter final match REUTERS/Eric GaillardApril 14 (Reuters) - Champion Stefanos Tsitsipas crashed out of the Monte Carlo Masters when he slumped to a 6-2 6-4 defeat against American Taylor Fritz in the quarter-finals on Friday. Greek second seed Tsitsipas, who triumphed at the Monte Carlo Country Club in the last two editions, was never in the mix against Fritz, who reached the last four of a Masters event for the first time. My serve was not working very well today, and against opponents like Taylor, you have to serve well,” Tsitsipas said. "I tried to fight in the second set. Tsitsipas improved slightly in the second set, only for Fritz to break decisively for 4-3 with a winner.
[1/4] 72nd Cannes Film Festival - Photocall for the film "Sorry We Missed You" in competition - Cannes, France, May 17, 2019. REUTERS/Eric Gaillard/File PhotoApril 13 (Reuters) - Wes Anderson, Ken Loach, Todd Haynes and Wim Wenders are among the directors who will compete for the top prize at next month's Cannes Film Festival, where a spate of Hollywood stars will also premiere their latest works on the famed Croisette waterfront. At a press conference on Thursday, festival director Thierry Fremaux announced the line-up for the 76th edition of major cinema showcase from May 16-27. "It's a competition that will mix young filmmakers competing for the first time with veterans whose names and works we know," Fremaux said. Adventurer Indiana Jones will also return to the festival 15 years since his last appearance in Cannes.
Hurkacz raised his game to force a tiebreak and looked in control but the scrappy Sinner saved a matchpoint and dragged the contest into a decider. The Italian then got his nose in front and held firm to complete the win as Hurkacz faded. German qualifier Jan-Lennard Struff earlier stunned fourth seed Casper Ruud 6-1 7-6(6), ending the Estoril champion's nine-match winning streak on clay stretching back to last July. In-form third seed Daniil Medvedev, the winner of four hardcourt tournaments in 2023, will take on Alexander Zverev in the pair's first claycourt meeting. read moreReporting by Shrivathsa Sridhar in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
[1/3] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 12, 2023 Germany's Alexander Zverev in action during his round of 32 match against Spain's Roberto Bautista Agut REUTERS/Eric GaillardApril 12 (Reuters) - Alexander Zverev continued to rebuild his confidence on clay with a 6-4 6-4 victory against Spain's Roberto Bautista Agut in the second round of the Monte Carlo Masters on Wednesday. Zverev broke for 3-2 in the opening set and held serve to take the lead in the contest, before breaking again in the fifth game of the second set. Bautista Agut, however, stole the German's serve right back to level for 3-3, only for Zverev to take the decisive break in the following game. Last year's French Open Casper Ruud was also in second-round action against Botic van de Zandschulp of the Netherlands. Reporting by Julien Pretot; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
[1/4] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 11, 2023 Serbia's Novak Djokovic celebrates after winning his second round match against Russia's Ivan Gakhov REUTERS/Eric GaillardApril 11 (Reuters) - Novak Djokovic briefly ran into a spot of bother as he fought his way into the third round of the Monte Carlo Masters with a 7-6(5) 6-2 victory against Russian qualifier Ivan Gakhov on Tuesday. The world number one, who had not played since early March when he reached the final in Dubai after being forced to skip Indian Wells and Miami because of his COVID unvaccinated status, struggled to find his range on the Monte Carlo clay before prevailing on a sunlit centre court. Djokovic was then business like in the second set, leaving no chance of a comeback for his opponent, who suddenly felt the court was too big for him. The double French Open champion, who suffered an opening-round exit here last year, will next face Lorenzo Musetti or the 16th seed's Italian compatriot Luca Nardi. Spain's Nadal, who triumphed a record 11 times at the Monte Carlo Country Club, is absent after failing to recover from a hip injury that has kept him away from the courts since the Australian Open.
[1/2] A medical worker prepares a dose of the "Cominarty" Pfizer-Bivalent coronavirus disease (COVID-19) vaccine at a vaccination center in Nice as a new surge in the COVID-19 outbreak starts in France, December 7, 2022. REUTERS/Eric Gaillard/File PhotoPARIS, March 30 (Reuters) - France's public health authority Haute Autorite de Sante (HAS)on Thursday eased its vaccination guidance for professionals in the health sector, saying the shot was no longer mandatory, but still strongly recommended, in light of recent epidemiological data. France's decision at the height of the pandemic to suspend the work contracts of doctors, nurses and other health workers who refused to take a COVID-19 vaccination, was highly controversial. The government had argued the move was necessary to keep hospitals safe, while unions said it further reduced available workforce in France's chronically under-staffed health sector. Reporting by Tassilo Hummel, editing by Charlotte Van CampenhoutOur Standards: The Thomson Reuters Trust Principles.
Protesters hold a placard that reads "Democracy and not 49.3" during a demonstration as part of the tenth day of nationwide strikes and protests against the French government's pension reform in Nice, France, March 28, 2023. The 49.3 is a special...moreProtesters hold a placard that reads "Democracy and not 49.3" during a demonstration as part of the tenth day of nationwide strikes and protests against the French government's pension reform in Nice, France, March 28, 2023. The 49.3 is a special clause in the French Constitution, used to push the pensions reform bill through the National Assembly without a vote by lawmakers. REUTERS/Eric GaillardClose
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