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Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, Aug 11 (Reuters) - A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany's real estate sector. Weakness in real estate has also emerged in the United States and Sweden. Germany is Europe's largest economy and the biggest real estate investment market on the continent. The property sector accounts for roughly a fifth of Germany's economic output and one in ten jobs.
Persons: Kai Pfaffenbach, Euroboden, Tom Sims, Mark Potter Organizations: REUTERS, Euroboden GmbH, Reuters Graphics Reuters, Partner, Centrum Group, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Munich, Berlin, United States, Sweden
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine, Commerzbank
Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. In the latest signs of stress in the sector, Germany's largest real estate group Vonovia (VNAn.DE) posted multi-billion euro losses and writedowns, and job growth for construction workers has stagnated. The property sector makes up roughly a fifth of economic output and one in ten jobs, according to the German Property Federation. The Ukraine war has also made German property seem riskier for foreign investors. The president of the German Property Federation, Andreas Mattner, is pressing the government to temporarily suspend a property sales tax and is demanding a low-interest rate credit program to support new residential building.
Persons: Kai Pfaffenbach, Sven Carstensen, Florian Schwalm, Olaf Scholz, Klara Geywitz, Andreas Mattner, Oliver Mueller, Matthias Inverardi, Holger Hansen, Friederike Heine Our Organizations: REUTERS, CARE, German Property Federation, Reuters Graphics Reuters, European Central Bank, Germany, German Construction Industry Federation, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, United States, Sweden, Ukraine, East, Asia
Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. In the latest signs of stress in the sector, Germany's largest real estate group Vonovia (VNAn.DE) posted multi-billion euro losses and writedowns, and job growth for construction workers has stagnated. The property sector makes up roughly a fifth of economic output and one in ten jobs, according to the German Property Federation. The Ukraine war has also made German property seem riskier for foreign investors. The president of the German Property Federation, Andreas Mattner, is pressing the government to temporarily suspend a property sales tax and is demanding a low-interest rate credit program to support new residential building.
Persons: Kai Pfaffenbach, Sven Carstensen, Florian Schwalm, Olaf Scholz, Klara Geywitz, Andreas Mattner, Oliver Mueller, Matthias Inverardi, Holger Hansen, Friederike Heine Our Organizations: REUTERS, CARE, German Property Federation, Reuters Graphics Reuters, European Central Bank, Germany, German Construction Industry Federation, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, United States, Sweden, Ukraine, East, Asia
An Airbus A380 of German air carrier Lufthansa is seen at the airport in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File PhotoROME, Aug 7 (Reuters) - A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules. Ticket prices to Italy's two main islands have soared in recent weeks. Companies including Lufthansa (LHAG.DE), EasyJet (EZJ.L), American Airlines (AAL.O) and Delta (DAL.N) are members of the IBAR, the association's website shows. Measures in a decree law take effect immediately, but parliament has to ratify them within two months, otherwise they lapse.
Persons: Kai Pfaffenbach, Giorgia Meloni's, Angelo Amante, Alvise Organizations: Airbus, Lufthansa, REUTERS, Monday, Union, Italian, of Airlines Representatives, Companies, American Airlines, Thomson Locations: Frankfurt, Germany, Italy, Sicily, Sardinia, EU
EU banks face liquidity checks next year after 2023 crises
  + stars: | 2023-08-03 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. The need for credible options was reinforced after the Swiss central bank stepped in with a liquidity backstop for Credit Suisse in March, before it was taken over by rival UBS (UBSG.S). Liquidity refers to readily available cash or short-term debt with a ready buyer to fund a bank's day-to-day operations without having to sell assets. "Strategies and actions suggested by institutions to support liquidity in resolution remained limited and mostly focused on accessing central bank facilities," EBA said in its report. Tapping private markets for liquidity, however, may be difficult for a stressed bank coming out of resolution, and even getting central bank liquidity can be hard without enough collateral, the EBA noted.
Persons: Kai Pfaffenbach, Huw Jones, Alexander Smith Organizations: European Central Bank, REUTERS, Union, Credit Suisse, UBS, European Banking Authority, Silicon Valley Bank, EU, EBA, Thomson Locations: Frankfurt, Germany, Swiss, Switzerland, Silicon, United States
[1/2] An Airbus A380 of German air carrier Lufthansa is seen at the airport in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/File PhotoBERLIN, Aug 3 (Reuters) - The boom in holiday travel shows no signs of ending, German airline group Lufthansa (LHAG.DE) said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level. "Demand will remain exceptionally strong for the foreseeable future," Lufthansa Chief Executive Carsten Spohr told journalists during a conference call as the group published better-than-expected quarterly profits. British Airways owner IAG (ICAG.L) said the outlook for summer travel was encouraging, although it was "mindful" of uncertainty in the wider economy. For the German airline, Spohr said an unimpeded trend towards more premium-class flights, especially among leisure travellers, has underpinned yields and he expected ticket prices to remain at current levels for the foreseeable future.
Persons: Kai Pfaffenbach, Carsten Spohr, Spohr, Maria Sheahan, Josephine Mason, Sharon Singleton Organizations: Airbus, Lufthansa, REUTERS, Ryanair, British Airways, IAG, Thomson Locations: Frankfurt, Germany, Europe's
According to Refinitiv Lipper data, global money market funds drew investments worth a net $38.74 billion in the week ended July 26, the biggest amount since July 5. Reuters Graphics Reuters GraphicsThe U.S. and European money market funds attracted purchases worth $24.62 billion and $11.84 billion, respectively, on a net basis. Global equity funds drew about $1.3 billion worth of inflows after witnessing a weekly outflow of $2.2 billion the previous week. They also disposed of about $34 million worth of precious metal funds in their ninth weekly net selling in a row. Meanwhile, data for 24,115 emerging market funds showed bond funds received $1.14 billion, the biggest amount in three weeks, while equity funds had a third weekly net purchase worth about $157 million.
Persons: Kai Pfaffenbach, Gaurav Dogra, Patturaja, Varun Organizations: European Central Bank, REUTERS, Federal Reserve, Bank of Japan, Reuters Graphics Reuters, Global, Corporate, Thomson Locations: Frankfurt, Germany, Bengaluru
REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, July 27 (Reuters) - New construction plunged in Germany during the first half of the year, data on Thursday showed, the latest sign of stress in the property market of Europe's largest economy. The data underscore a steep rut that dominates the nation's real-estate sector in its worst crisis in decades. "There's strong caution in project development," said Sven Carstensen, chief executive of Bulwiengesa. The nation's property industry will ask the government for multi-billion euro support at a meeting with Chancellor Olaf Scholz in September, Reuters reported last week. "The situation is dramatic," said Jan-Marco Luczak, a parliamentarian who has pushed for a property tax cut demanded by industry.
Persons: Kai Pfaffenbach, Sven Carstensen, Chancellor Olaf Scholz, Marco Luczak, Marcus Gwechenberger, Bulwiengesa, Florian Schwalm, EY, Karim Rochdi, Tom Sims, Hugh Lawson Organizations: REUTERS, Bulwiengesa, Reuters, European Central Bank, Thomson Locations: Frankfurt, Germany, FRANKFURT, Frankfurt's
[1/2] European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at ECB headquarters in Frankfurt, Germany, July 27, 2023. The Bank of England is expected to raise rates again next week following similar positive inflation news. Meanwhile on Friday, the Bank of Japan opened the debate on plans to bring its ultra-loose policies to an end. The Fed's benchmark overnight interest rate now stands in the 5.25%-5.50% range, while the ECB's main rate is 3.75%. While bond markets took a cue from the faster growth, and pushed yields on Treasuries higher, the days of coordinated global tightening may be numbered.
Persons: Christine Lagarde, Kai Pfaffenbach, Jerome Powell, Powell, Lagarde, Krishna Guha, Howard Schneider, Francesco Canepa, Balazs Koranyi, Leika, Dan Burns, Paul Simao Organizations: European Central Bank, ECB, REUTERS, WASHINGTON, U.S . Federal Reserve, The Bank of England, Bank of Japan, Reuters, U.S, Graphics, Thomson Locations: Frankfurt, Germany, FRANKFURT, TOKYO, Europe, United States, Graphics New, Tokyo
Svitolina, Andreescu get Washington Open wild cards
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Tennis - French Open - Roland Garros, Paris, France - May 30, 2023 Canada's Bianca Andreescu in action during her first round match against Belarus' Victoria Azarenka REUTERS/Kai Pfaffenbach/File PhotoJuly 26 (Reuters) - Former Ukrainian world number three Elina Svitolina and 2019 U.S. Open champion Bianca Andreescu have been handed wildcards to compete in the Washington Open later this month, the organisers said on Wednesday. The 28-year-old Svitolina, ranked 27th, reached the semi-finals of Wimbledon earlier this month just nine months after giving birth to daughter Skai. Canadian Andreescu, 23, reached the third round at the grasscourt Grand Slam. Former world number four Kei Nishikori, Frenchman Gael Monfils and South African Kevin Anderson were given wildcards into the men's draw. The Washington Open will be held from July 31-Aug. 6.
Persons: Roland Garros, Bianca Andreescu, Victoria Azarenka, Kai Pfaffenbach, Elina Svitolina, Skai, Sofia Kenin, Danielle Collins, Kei Nishikori, Frenchman Gael Monfils, Kevin Anderson, Pearl Josephine Nazare, Pritha Sarkar Organizations: Belarus, Victoria, Victoria Azarenka REUTERS, Washington, Wimbledon, Frenchman, South, Thomson Locations: Paris, France, Ukrainian, Bengaluru
The euro slipped 0.25% against the dollar, government bond yields across the bloc edged lower while European stock markets dipped, with Spain's benchmark index down 0.65% in a clear underperformance. Meanwhile, U.S. stock futures , rose 0.2% and 0.3%, respectively, pointing to a positive open for Wall Street. With the Federal Reserve, European Central Bank and Bank of Japan meeting this week, a note of caution underpinned the mood across global markets. The benchmarks continued their fourth straight of week of gains last week, as supply is expected to tighten following OPEC+ cuts. HOST OF EARNINGSOn top of central bank meetings and economic data, investors also braced for a slew of earnings from both sides of the Atlantic.
Persons: Kai Pfaffenbach, Bruno Schneller, Schneller, Eddie Cheng, Allspring's Cheng, SPAIN UNDERPERFORMS, Fiona Cincotta, Nell Mackenzie, Dhara, Wayne Cole, Amanda Cooper, Peter Graff Organizations: REUTERS, Nasdaq, Fed, ECB London, Wall, Federal Reserve, European Central Bank and Bank of Japan, ECB, INVICO Asset Management, Bank of Japan, Japan's Nikkei, Allspring Global Investments, Brent, . West Texas, Intel, Microsoft, GE, Boeing, Exxon Mobil, Coca Cola, Ford, GM, U.S, Thomson Locations: Frankfurt, Germany, Spain, U.S, Spain's, Asia, Pacific, Japan, Ukraine, Russia, China, SPAIN, SPAIN UNDERPERFORMS Spain, Sunday's, Basque, Catalan, Coca, London, SYDNEY
"I am worried because we are in a deep real estate crisis. And the real estate crisis needs clear, structured and downright radical steps to fix it," Mattner said. For years, Germany's property market has been seen as a safe haven, becoming a major draw for foreign investors. Recent data shows the stress the property sector is facing as the European Central Bank hikes interest rates, with little respite in sight. The fall is "catastrophic," said Andreas Beulich, head of the Federal Association of Independent Real Estate and Housing Companies.
Persons: Kai Pfaffenbach, Chancellor Olaf Scholz, Andreas Mattner, Mattner, Tim, Oliver Mueller, Mueller, Scholz, Danyal, Andreas Beulich, Mathias Duesterdick, , Andreas Naujoks, Simone Zapke, Emma, Victoria Farr, Matthias Inverardi, Sharon Singleton Organizations: REUTERS, German Property Federation, German Construction Industry Federation, Reuters Graphics, European Central Bank, Federal Association of Independent, Housing Companies, Centrum Group, ECB, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, Baden, United States, Sweden
Euro zone business activity contracts in June
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 5 (Reuters) - Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc's dominant services industry and a deepening decline of factory output, a survey showed. HCOB's final Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, slumped to 49.9 in June from May's 52.8. The slowdown in business activity growth was accompanied by a weaker rise in new business, lower price increases and a decline in business expectations," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. The services new business index was barely above breakeven at a five-month low of 51.0. In one bright spot pricing pressures eased significantly in June with the composite output prices index falling to 53.8 from 56.4, its lowest since March 2021.
Persons: Kai Pfaffenbach, Cyrus de la Rubia, Jonathan Cable, Susan Fenton Organizations: P Global, May's, PMI, European Central Bank, REUTERS, Hamburg Commercial Bank, Thomson Locations: Frankfurt, Germany, Hamburg
[1/2] The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. U.S. Federal Reserve Chairman Jerome Powell did not rule out further hikes at consecutive Fed meetings while European Central Bank President Christine Lagarde confirmed expectations the bank will raise rates in July, saying such a move was "likely". "Policy hasn't been restrictive enough for long enough," Powell told an annual gathering of central bankers hosted by the ECB in the Portuguese mountain resort of Sintra. "We are not seeing enough tangible evidence of the fact that underlying inflation, particularly domestic prices, are stabilising and moving down." While headline inflation was above 3%, the BOJ was keeping monetary policy easy because underlying inflation remained below its 2% target, Ueda said.
Persons: Kai Pfaffenbach, Jerome Powell, Christine Lagarde, Powell, Lagarde, Andrew Bailey, BoE, Bailey, Kazuo Ueda, Ueda, Balazs Koranyi, Francesco Canepa, Mark John, Catherine Evans Organizations: European Central Bank, REUTERS, . Federal, ECB, Bank of England, Bank of Japan, Thomson Locations: Frankfurt, Germany, SINTRA, Portugal, Sintra
[1/5] Tennis - French Open - Roland Garros, Paris, France - June 7, 2023 Poland's Iga Swiatek celebrates winning her quarter final match against Coco Gauff of the U.S. REUTERS/Kai PfaffenbachPARIS, June 7 (Reuters) - Holder Iga Swiatek was tested by American sixth seed Coco Gauff in a rematch of their 2022 French Open title clash but the world number one showed her class to secure a 6-4 6-2 victory and reach the semi-finals on Wednesday. "It was not easy," said Swiatek, the first player since Conchita Martinez in 1995 to drop 15 games or fewer en route to the semi-finals in Paris. It was tight and Coco was using the conditions well, so I was happy that I was able to win. She sealed her seventh victory over Gauff in as many matches by pouncing on her serve again and finished it off on her first matchpoint when the 19-year-old found the net. Reporting by Shrivathsa Sridhar in Paris Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Roland Garros, Iga Swiatek, Coco Gauff, Kai Pfaffenbach PARIS, Holder Iga Swiatek, Brazil's Beatriz Haddad Maia, Conchita Martinez, Coco, Swiatek, Philippe Chatrier, pouncing, Shrivathsa Sridhar, Christian Radnedge Organizations: U.S, REUTERS, Thomson Locations: Paris, France, American
"I don't know what to say, it's been an incredible two weeks and I'm glad I'm still in the competition," Muchova said. "I will for sure watch the match (between Sabalenka and Svitolina), I'm not sure if I will watch it live but I'm sure it will be another great match in two days." Muchova appeared more comfortable in the second set and built a commanding 5-1 lead before Pavlyuchenkova showed some signs of resistance. But there was no comeback on the cards as Muchova closed out the match on serve, celebrating the victory when Pavlyuchenkova fired a shot wide. Reporting by Shrivathsa Sridhar in Paris Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
Persons: Roland Garros, Karolina Muchova, Russia's Anastasia Pavlyuchenkova REUTERS, Kai Pfaffenbach PARIS, Anastasia Pavlyuchenkova, Elina Svitolina, it's, I'm, Muchova, Maria Sakkari, Philippe Chatrier, Pavlyuchenkova, Shrivathsa Sridhar, Christian Radnedge Organizations: Thomson Locations: Paris, France, Czech, Belarus, Ukrainian, Sabalenka
Sabalenka, the hardest-hitting player on the women's tour and the 2023 Australian Open champion, raced to a 5-0 lead with Stephens winning a total of just eight points. With her own first serve wilting, Sabalenka, in complete freefall by now, missed another two set points at 5-4 on Stephens' serve before her opponent spectacularly levelled and then held to take it to a tiebreak. The Belarusian, looking win a second Grand Slam trophy, managed to pull herself together at the last moment, clinching the first set on her fourth opportunity. She cut down on the unforced errors in the second set but again Stephens battled back from 4-2 down to level before Sabalenka broke again to go 5-4 up and serve out the match. I'm super happy with this win," Sabalenka said in comments given to women's governing body WTA after she refused to do a post-game interview for the second time in a row.
Persons: Roland Garros, Sabalenka, Sloane Stephens, Kai Pfaffenbach PARIS, American Sloane Stephens, Ukraine's Elina Svitolina, Stephens, Karolos Grohmann, Ken Ferris, Pritha Organizations: U.S, REUTERS, American, WTA, Svitolina, Thomson Locations: Paris, France, Belarus, Belarusian, Ukraine
[1/2] Ukrainian artillery fires towards the frontline during heavy fighting amid Russia's attack on Ukraine, near Bakhmut, Ukraine, April 13, 2023. Following Ukraine President Volodymyr Zelenskiy's visit to Japan during the Hiroshima G7 leaders summit last month, Kishida agreed to donate jeeps and trucks. Japan is one of dozens of friends and allies that Washington is asking to help arm Ukraine as it wrestles with stretched military supply chains. Reuters contacted 22 explosives makers listed on the Japan Explosives Industry Association's website. The only one that said it made industrial TNT was Chugoku Kayaku, an Hiroshima-based firm that supplies Japan's military.
Persons: Kai Pfaffenbach, Lloyd Austin, Washington, Fumio Kishida, Volodymyr Zelenskiy's, Kishida, Tsuneo Watanabe, Austin, Akihisa Nagashima, Tim Kelly, Nobuhiro Kubo, Yukiko Toyoda, Kaori Kaneko, Idrees Ali, David Crawshaw Organizations: REUTERS, TNT, Russian, Reuters, Panasonic, Defense, U.S, Japan's Ministry of Trade, Industry, Technology, Logistics Agency, U.S . State Department, Ukraine, TNT Washington, Japan Explosives Industry, Liberal Democratic Party, Thomson Locations: Ukraine, Bakhmut, TOKYO, United States, Japan, Washington, U.S, Tokyo, China, Taiwan, East Asia, Kyiv, Hiroshima, Sasakawa, South Korea, Chugoku, Japan's, Russia, Seoul
Banks typically sold these perpetual bonds - known as AT1 bonds - with five years before an option to repay was triggered. In the past, investors got their money back, and banks replaced the bonds with new ones, but some are changing tack. The banks' actions show how the wipeout of billions of dollars of Credit Suisse AT1 bonds still reverberates around this market, which is estimated at roughly $275 billion. "The AT1 market is splitting," said Alessandro Cameroni, a portfolio manager at asset manager Lemanik. SHOCK ABSORBERThe AT1 bonds were designed to help banks absorb losses, and they count towards their capital buffers.
Persons: Kai Pfaffenbach, Banks, Alessandro Cameroni, Lemanik, Peter Harvey, Federated Hermes, Italy's, Morgan Stanley, Karsten Junius, J . Safra Sarasin, Chiara Elisei, Carlo Giovanni Boffa, Jane Merriman Organizations: REUTERS, Suisse, Raiffeisen Bank, Reuters, Deutsche, Aareal Bank, Credit Suisse, Investors, Federated, Lloyds, Societe Generale, UBS, Santander, J ., Thomson Locations: Frankfurt, Germany, Ukraine, Swiss, Schroders, Russia
How Russia’s invasion of Ukraine has impacted tennis
  + stars: | 2023-06-01 | by ( George Ramsay | ) edition.cnn.com   time to read: +7 min
CNN —Every sport in Europe – from soccer to fencing to UFC – has had to grapple with the fallout of Russia’s invasion of Ukraine and tennis is no exception. Player tensionFor some Ukrainian players, having to face opponents from Russia and Belarus has been a point of frustration. 2 said she struggled to understand the “hate” she encountered in the locker room amid strained relations with some players following Russia’s invasion. The “Z” symbol is viewed as a sign of support for Russia, including its invasion of Ukraine. Last year, she told CNN Sport that Russian and Belarusian players have a responsibility to take a stance against the war.
Persons: UFC –, Toby Melville, Daria Kasatkina, , Marta Kostyuk, Aryna Sabalenka, Sabalenka, won’t, ” Sabalenka, ” Kostyuk, Kai Pfaffenbach, Lesia Tsurenko, Iga Świątek, Daniil Medvedev, , ” Tsurenko, Poland’s Świątek, Slovakia’s Anna, Karolína, Ukraine’s Elina Svitolina –, Świątek, Tim Clayton, Svitolina, Anastasia Potapova, Srdjan Djokovic, Novak Djokovic, Vladimir Putin Organizations: CNN, UFC, ATP, WTA, Wimbledon, Reuters, BBC, Belarus, Aryna, , Kostyuk, Sabalenka, Ukrainian, , Russian Government, Miami, de Strasbourg, Spartak Moscow, Melbourne, CNN Sport Locations: Europe, Ukraine, Belarusian, Ukrainian, Russian, Russia, Belarus, Kyiv, Reuters Ukrainian, Indian, Vladimirec, Kostyuk, ” Russian, Australian
[1/2] Tennis - French Open - Roland Garros, Paris, France - May 31, 2023 Serbia's Novak Djokovic in action during his second round match against Hungary's Marton Fucsovics REUTERS/Kai PfaffenbachPARIS, May 31 (Reuters) - Novak Djokovic briefly struggled before bulldozing past Hungarian journeyman Marton Fucsovics 7-6(2) 6-0 6-3 on Wednesday to reach the French Open third round. I hope you had fun tonight especially in the first set - me, a bit less," Djokovic said on court. Djokovic raced into a 3-0 lead before his opponent found his rhythm to set up three break points at 4-2. Djokovic broke his opponent's serve in the opening game of the second set and he did not look back, cruising to victory despite being broken twice more. "Drama-free Grand Slam, I don't think it can happen for me.
Persons: Roland Garros, Serbia's Novak Djokovic, Hungary's Marton Fucsovics, Kai Pfaffenbach PARIS, Novak Djokovic, Marton Fucsovics, Alejandro Davidovich Fokina, Djokovic, Philippe Chatrier, Fucsovics, Julien Pretot, Toby Davis, Ed Osmond Organizations: Hungary's Marton Fucsovics REUTERS, Musketeers, Thomson Locations: Paris, France, Kosovo, Serbia, Spanish, Serbian, Ukraine
[1/2] Tennis - French Open - Roland Garros, Paris, France - May 29, 2023 Spain's Carlos Alcaraz in action during his first round match against Italy's Flavio Cobolli REUTERS/Kai PfaffenbachPARIS, May 29 (Reuters) - World number one Carlos Alcaraz issued an early warning to his rivals as the Spaniard began his quest for a second Grand Slam title by easing past Italian qualifier Flavio Cobolli 6-0 6-2 7-5 in the French Open first round on Monday. Up next for Alcaraz is Japan's Taro Daniel who eased past Australian Christopher O'Connell 6-0 6-2 6-4. "I know that Taro is having a great year," Alcaraz said of his opponent, who stunned last year's Roland Garros runner-up Casper Ruud en route to the quarter-finals in Mexico earlier this season. He has won great matches against great players. I know the level of Taro, so it's going to be a really tough second round, really tough match."
She added the Ukrainian did not deserve to leave the main showcourt in the manner she did, but Kostyuk urged Sabalenka to take a stronger, more personal stand against the war. "She (Sabalenka) never says that she personally doesn't support this war, and I feel like journalists should change the questions you ask these athletes because the war is already there," Kostyuk said. Fifth seed Tsitsipas was made to work hard by Vesely, who is on the comeback trail following a lengthy injury absence, before winning 7-5 6-3 4-6 7-6(7). With temperatures at 22 degrees and expected to reach 26 in the afternoon, the water vending stands were busy. Serbian Djokovic is bidding for his third French Open title.
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