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[1/2] Closed Vaalimaa border station between Finland and Russia in Virolahti, Finland on November 29, 2023. Finland closes temporarily its sole remaining border crossing with Russia. "A team of military advisers will provide on-site knowledge on border security, also in operational terms," he said. Finland's Border Guard and the interior ministry both said they were unaware of any plan to bring Polish military advisers to Finland's eastern border. Finland infuriated Russia earlier this year when it joined NATO, ending decades of military non-alignment, due to the war in Ukraine.
Persons: Lehtikuva, Lauri Heino, Jacek Siewiera, Dmitry Peskov, Sauli Niinisto, Andrzej Duda, Anne Kauranen, Felix Light, Andrew Osborn, Gareth Jones Organizations: REUTERS Acquire, Kremlin, Polish National Security Bureau, NATO, Finland's Border Guard, Reuters, Thomson Locations: Finland, Russia, Virolahti, MOSCOW, HELSINKI, Moscow, Poland, Helsinki, Finnish, Warsaw, Ukraine
[1/2] Closed Vaalimaa border station between Finland and Russia in Virolahti, Finland on November 29, 2023. Finland closes temporarily its sole remaining border crossing with Russia. "A team of military advisors will provide on-site knowledge on border security, also in operational terms," he said. Finland has closed its border with Russia after a sudden wave of refugee arrivals that Helsinki said was orchestrated by Moscow, something Russia has denied. In a call with reporters, Kremlin spokesman Dmitry Peskov said in reference to Poland's possible moving of troops to the border: "This is an absolutely redundant measure to ensure border security, because there is no threat there."
Persons: Lehtikuva, Lauri Heino, Jacek Siewiera, Sauli Niinisto, Andrzej Duda, Dmitry Peskov, Anne Kauranen, Felix Light, Andrew Osborn, Bernadette Baum Organizations: REUTERS Acquire, stoke, Poland's National Security, Reuters, Thomson Locations: Finland, Russia, Virolahti, MOSCOW, HELSINKI, Poland, Helsinki, Moscow, Warsaw
Underscored by music, the montage of images has a visceral impact; we don’t need language to understand it, or to think and feel in response. “Amid Falling Walls,” though, relies heavily on lyrics and spoken text, almost all of it in Yiddish; non-Yiddish speakers, like me, will spend the performance reading supertitles, which are in English and Russian. Curated by Avram Mlotek, who wrote the libretto, and his father, Zalmen Mlotek, who is the show’s music director and arranger as well as the company’s artistic director, “Amid Falling Walls” sounds gorgeous. Its 28 musical numbers — folk music and cabaret, elegies and anthems — are played by a nine-piece orchestra tucked away upstage. But before bloodshed comes the process of dehumanization that features in all ethnic hatred, and “Amid Falling Walls” delineates that vividly.
Persons: Brad Peterson, Dan Moses Schreier, , Jessica Alexandra Cancino, we’re, Avram Mlotek, Zalmen Mlotek, , , Steven Skybell, Tevye, Reuven Lipshitz’s “, ” Skybell Locations: Vilna, Lithuania, Germany, Warsaw
In Hungary, central bank governor Gyorgy Matolcsy is under pressure from Viktor Orban's government to cut rates further ahead of local and European Parliament elections next year. Reuters GraphicsTANGIBLE BENEFITSA 2021 World Bank survey found that political meddling in central bank policy led to sustained periods of high inflation in emerging market economies such as Turkey and Argentina. "Attempts to bring the president of the NBP before the State Tribunal can be directly interpreted as an attack on the independence of the central bank," the spokesman said. How those premia evolve will depend partly on how politics in Poland and Hungary is perceived by investors to influence the central banks in the months to come. "Everything else being equal, the less independent the central bank, the more real yield you need to have to be compensated for the risk," said Arif Joshi at Lazard Asset Management.
Persons: Adam Glapinski, Gyorgy Matolcsy, Viktor Orban's, Donald Tusk's, Karen Vartapetov, Paul Gamble, Glapinski's, Glapinski, Marta Kightley, Orban, Peter Virovacz, Arif Joshi, Karol Badohal, Gergely, Mark John, Toby Chopra Organizations: WARSAW, Law and Justice, U.S . Federal Reserve, EU, Sovereign, Investor, Emerging, Fitch, Local, ING, Lazard Asset Management, Thomson Locations: Hungarian, Poland, Hungary, BUDAPEST, Europe, Turkey, Argentina, WARSAW
[1/2] FILE PHOTO:Ukrainian trucks are parked near the Poland-Ukraine border, near the village of Korczowa, Poland November 19, 2023. Polish truckers have already been blocking access to three other border crossings since Nov. 6, demanding that the European Union reintroduce a permit system for Ukrainian truckers entering the bloc and for EU truckers entering Ukraine, with exemptions for humanitarian aid and military supplies. The current waiting time for trucks to cross at Medyka, one of eight road border crossings with Ukraine, is 127 hours according to data from the Polish border guard. In Medyka truckers are joining a protest organised by farmers who are demanding that government support to help them deal with low grain prices be continued. Two trucks per hour are being let through at Medyka, the protesters say, with exemptions for humanitarian aid and war supplies.
Persons: Yan, Tomasz Borkowski, Karol Badohal, Alan Charlish, Susan Fenton Organizations: REUTERS, Rights, European Union, Transport Employers, Ukraine's Infrastructure Ministry, Thomson Locations: Poland, Ukraine, Korczowa, Polish, European, Russia, Russian, Medyka
WARSAW (Reuters) - Polish truckers and farmers started a round-the-clock blockade of access on Monday to Medyka, one of the busiest border crossings with Ukraine, extending a protest that has left thousand of lorries stranded for days in queues that stretch for miles. Polish truckers have already been blocking access to three other border crossings since Nov. 6, demanding that the European Union reintroduce a permit system for Ukrainian truckers entering the bloc and for EU truckers entering Ukraine, with exemptions for humanitarian aid and military supplies. The current waiting time for trucks to cross at Medyka, one of eight road border crossings with Ukraine, is 127 hours according to data from the Polish border guard. In Medyka truckers are joining a protest organised by farmers who are demanding that government support to help them deal with low grain prices be continued. Two trucks per hour are being let through at Medyka, the protesters say, with exemptions for humanitarian aid and war supplies.
Persons: Tomasz Borkowski, Karol Badohal, Alan Charlish, Susan Fenton Organizations: European Union, Transport Employers, Ukraine's Infrastructure Ministry Locations: WARSAW, Ukraine, Polish, European, Russia, Russian, Poland, Medyka
[1/2] Polish Prime Minister Mateusz Morawiecki speaks during the first session of the newly elected Polish parliament in Warsaw, Poland November 13, 2023. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsWARSAW, Nov 27 (Reuters) - Poland's president will on Monday swear in members of a government that will likely only last until December, in what opposition parties say is a "farce" intended to delay them from taking power after they won a majority in an October election. "The point is that there should not be too many politicians in this government," he told state-run news agency PAP. The prime minister has vowed to implement the policy proposals of opposition parties in a bid to persuade them to work with him. Opposition parties accuse the government of stalling tactics designed to cover up evidence of wrongdoing during their time in power.
Persons: Mateusz Morawiecki, Kacper, Andrzej Duda, Mariusz Blaszczak, Jacek Sasin, Jaroslaw Kaczynski, PiS, Marcin Kierwinski, Alan Charlish, Pawel, Ed Osmond Organizations: Polish, REUTERS, Rights, and Justice, Pro, European Union, Union, liberal Civic Coalition, Radio Zet, Thomson Locations: Warsaw, Poland
Last month's slayings of about 1,200 people in Israel by armed Palestinian militants represented the biggest killing of Jews since the Holocaust. ACTS OF ANTISEMITISM — AND HOW THAT'S DEFINEDAntisemitism is broadly defined as hatred of Jews. Criticism of Israel's policies and antisemitism have long been conflated by Israeli leaders such as Prime Minister Benjamin Netanyahu and by some watchdog groups. Some of Europe's Jews say they see it on the streets and the news. Many Jews, though, say the chant is inherently anti-Jewish and calls for the destruction of Israel.
Persons: Michel Dreifuss, , Herbert Traube, Benjamin Netanyahu, Susan Neiman, , you’ve, , Israel, Israel —, There's, Anna Segal, Segal, ” Segal, Peggy Hicks, “ I’ve, Hicks, ” ___ Kellman, Kirsten Grieshaber, Silvia Stellacci, Karel Janicek, Lorne Cook, Jari Tanner, Vanessa Gera, John Leicester, Sylvie Corbet Organizations: GENEVA, Einstein, , French Interior Ministry, Community Security Trust, Israel, West Bank Locations: Geneva, Israel, Gaza, Europe, Germany, Austria, Potsdam, Britain, Russia, Berlin, Lyon, France, In Berlin, Palestine, Jordan, Jerusalem, London, Rome, Prague, Brussels, Helsinki, Warsaw, Poland, Paris
Now, hundreds of migrants from the Middle East and Africa have appeared at Finland's border from Russia, seeking entry into the Nordic country. They accuse Russia of driving the migrants to the border to sow discord as payback for Finland's membership in NATO. Finnish authorities quickly closed four checkpoints and then three more, leaving just one Arctic crossing point open for asylum-seekers. Finland also asked for help from EU border agency Frontex, which said it would send dozens of officers and equipment as reinforcements to the Finnish border. The Kremlin denies encouraging the migrants, and says it regrets the Finnish border closures.
Persons: Elina Valtonen, Petteri Orpo, Maria Zakharova, Valtonen, Russia’s, , Klaus Dodds, ” Dodds, Ylva Johansson, Sauli Niinistö, Alexander Lukashenko, Evika Siliņa, Siliņa, Lukashenko, Vladimir Putin, , Geert Wilders, Orpo’s, Vanessa Gera Organizations: HELSINKI, , NATO, Nordic, Associated Press, HOW, EU, Frontex, Russian Foreign Ministry, Royal Holloway, University of London, VU EU Home Affairs, Belarus —, Latvian, AP, Poland’s, Guard Locations: Finland, Russia, East, Africa, Syria, Yemen, Somalia, Iraq, Afghanistan, Finnish, FINLAND, Helsinki, Belarus, Europe, Moscow, Ukraine, Poland, Lithuania, Latvia, Baltic, Netherlands, Finns, Lapland, Murmansk, Warsaw
Yaffa Adar reunited with her family in Tel Aviv after seven weeks in captivity. AdvertisementYaffa Adar, an 85-year-old Holocaust survivor, was one of the first 13 hostages released from Gaza after 49 days in Hamas's captivity, i24NEWS reports. Yaffa Adar is a mother of three, grandmother of eight, and great-grandmother of seven. The family reunion at Wolfson Hospital in Holon, near Tel Aviv, followed the four-day cease-fire brokered between Israel and Hamas. The hostages released by Hamas have undergone initial medical tests and are reportedly in good condition, per the IDF.
Persons: Yaffa Adar, , Nahal Oz, Tamir Adar, Adva Adar, Adva, Alon, Orian, Adar, Yael Adar, Yaffa's, Iris Boker, Yaffa Organizations: Service, Wolfson Hospital, National Holocaust Center, Museum, Hamas Locations: Tel Aviv, Gaza, Holon, Israel, Jerusalem, Be'eri, Warsaw, Poland, Nazi, Thailand, Philippines
MOSCOW, Nov 24 (Reuters) - The Kremlin said on Friday that NATO's desire to have a military analogue of the Schengen Zone in Europe to allow the alliance's armed forces to move around freely to counter Russia had ratcheted up tensions and was a cause for concern. NATO is actively supporting Ukraine in its war against Russia and Kyiv hopes one day to join the alliance. Kremlin spokesman Dmitry Peskov said Moscow would respond if 'the military Schengen' proposal became a reality. This (statement) is nothing more than about fuelling tensions in Europe which has consequences," Peskov told reporters. He said talk of building a 'military Schengen' showed once again that Europe was unwilling to listen to Moscow's legitimate concerns and was ready to boost its own security at Russia's expense.
Persons: Alexander Sollfrank, Joe Biden, Dmitry Peskov, Peskov, Andrew Osborn, Gareth Jones Organizations: Reuters, NATO, Soviet Union, Thomson Locations: MOSCOW, Europe, Russia, Ukraine, Moscow, Soviet, Warsaw, Poland, Baltic
But employees of the Polish company PhotoAid needn't bother. The company, which helps travelers take their own passport photos at home, allows its employees to stay at an apartment in Spain for free — provided they work while they're there. Employees can stay up to three weeks at a time at the Tenerife apartment and can visit as many times as they like. How the 'workcations' workPhotoAid is a small company with a young workforce, so most employees don't have children, said Mlodzki. Source: PhotoAid
Persons: PhotoAid, Rafal Mlodzki, Mlodzki, Marcin, Tomasz Mlodzki —, , Aleksandra Staromiejska, Staromiejska, Michel Jonca Organizations: Employees, CNBC Travel Locations: Spain, Tenerife, Canary Islands, Morocco, Warsaw, Tenerife's, Santa Cruz de Tenerife, vermouth, Workation, Macizo, Poland
VIEW Turkey central bank ramps up interest rates to 40%
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +2 min
A logo of Turkey's Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. Below reaction from analysts to the decision:LIAM PEACH, CAPITAL ECONOMICS, LONDON"(Turkey's central bank) suggested that it is very close to the end of the tightening cycle. For the central bank to have any chance of achieving single digit inflation this decade, rates will need to stay at this level for some time." BARTOSZ SAWICKI, CONOTOXIA FINTECH, WARSAW"In October the annual inflation rate inched lower and external price dynamics have turned a tad more favourable. The risk of a sharp slowdown in activity points to less aggressive continuation of the tightening cycle.
Persons: Cagla, LIAM PEACH, CONOTOXIA, Karin Strohecker, Ezgi, Susan Fenton Organizations: Turkey's Central, REUTERS, Thomson Locations: Ankara, Turkey, CONOTOXIA FINTECH, WARSAW
NATO's Joint Support and Enabling Command (JSEC) in the southern German town of Ulm started operating in 2021. "At the heyday of the war in Ukraine, Russia fired 50,000 artillery shells per day. As it is, NATO forces have to navigate a variety of national regulations, stretching from the advance-notice required before ammunition can be shipped to the permissible length of military convoys and disease prophylaxis. "We have a surplus of regulations, but the one thing we don't have is time," warned Admiral Rob Bauer, head of NATO's military committee. "Russia's war against Ukraine has proven to be a war of attrition – and a war of attrition is a battle of logistics."
Persons: Alexander Sollfrank, Sollfrank, Rob Bauer, Sabine Siebold, Christina Fincher Organizations: Europe NATO, NATO, Reuters, Command, Warsaw, EU, Thomson Locations: Europe, BRUSSELS, Russia, Ulm, Ukraine, Germany, Moscow
A video showing an opposition rally in Warsaw on Oct. 1, 2023, has been falsely shared online as footage of a pro-Palestinian protest in Poland held amid the ongoing Israel-Hamas war which began on Oct. 7. The video can be traced back to Oct. 1 when an opposition rally was held in Warsaw. A Reuters video of the protest captured from the opposite angle (archived) can be found on YouTube (archived). Local media outlets reported that a pro-Palestinian demonstration was held in Warsaw on Nov. 18. The video shows an opposition rally in Warsaw from Oct. 1, not a pro-Palestinian protest in Poland.
Persons: Read Organizations: Twitter, Facebook, European Union, Protesters, Reuters, YouTube, Local, Thomson Locations: Warsaw, Poland, Israel, Marszalkowska
WARSAW, Poland (AP) — Poland's new parliament began debating the reinstatement of government funding for in vitro fertilization as its first legislation following elections in which the conservative party that had banned it lost control of the legislature. “The reinstatement of IVF funding is the first decision of the democratic majority,” said one of their lawmakers, Agnieszka Pomaska. A citizens' draft seeking to reinstate it was put on hold by the then-ruling Law and Justice party earlier this year. Political Cartoons View All 1262 ImagesMany Law and Justice lawmakers left the chamber during the discussion to demonstrate their displeasure. A new coalition government headed by Tusk is expected to be in place in mid-December, but Duda gave Law and Justice the first shot at forming the Cabinet.
Persons: , , Agnieszka Pomaska, Donald Tusk, Andrzej Duda, Duda, Tusk Organizations: Justice, Law, European Union Locations: WARSAW, Poland
KYIV, Nov 19 (Reuters) - About 3,000 mostly Ukrainian trucks were stuck on the Polish side of the border as of Sunday morning due to a more than 10-day blockade by Polish truckers, Ukrainian authorities said. Ukrainian officials said last week Kyiv and Warsaw had again failed to reach an agreement to stop the protest. "For over 10 days, Ukrainian drivers have been blocked at the Polish border. Now only a few vehicles per hour are going through the Polish border at blocked checkpoints, Ukrainian border guards say. Ukrainian grain brokers said last week Ukraine's shipments of food by road decreased 2.7% in the first 13 days of November due to difficulties on the Polish border caused by a drivers' strike.
Persons: Oleksandr Kubrakov, Pavel Polityuk, Emelia Sithole Organizations: Rava, Ukrainian Infrastructure Ministry, Spike, Thomson Locations: Ukraine, Kyiv, Warsaw, Polish, Poland
The EPPO is an independent public prosecution office of the European Union which deals with cases affecting the bloc's financial interests. Asked to comment on reports that he will become justice minister, Bodnar said, "There are such discussions, but nothing is certain. "For the European Public Prosecutor's Office, joining only requires a letter from the prime minister," he said. He said that he hoped EPPO prosecutors would come to Poland and investigate instances of alleged misuse of EU funds in public institutions such as the National Centre of Research and Development (NCBR). "Most investigations should be done by Polish prosecutors," Bodnar said.
Persons: Adam Bodnar, Kacper, Bodnar, Donald Tusk, Andrzej Duda, PiS, Zbigniew Ziobro, Alan Charlish, Nick Macfie Organizations: Human Rights, Reuters, REUTERS, Rights, Public Prosecutor's, European Union, and Justice, liberal Civic Coalition, Human, Public, Office, National Centre of Research, Development, Thomson Locations: Warsaw, Poland, Brussels, Polish
UKRAINE DIVERSIONReuters spoke to around a half dozen Czech and Polish defence companies and government officials who described renewed efforts to carve out a bigger share of the African arms market as the Ukraine conflict diverts Russia's attention. Privately-held defence and civil manufacturing company Czechoslovak Group - the biggest Czech defence company - said its ability to maintain and modernize armoured vehicles using Soviet-era standards has helped it win business in Africa. ...in Poland where our stand was visited by numerous delegations from African countries that appeared here for the first time," WB Group spokesman Remigiusz Wilk said. The effort to supply Ukraine has pushed Czech companies to boost production and expand supply lines, something Czech-based independent defence analyst Lukas Visingr said has burnished the region's reputation. "The Czech arms industry is stepping up its efforts towards certain African countries still using Soviet-style equipment but who start to see Russia as a problematic supplier," Visingr said.
Persons: David W Cerny, Jiri Hynek, Filip Kulstrunk, Andrej Cirtek, Pieter Wezeman, Sebastian Chwalek, , Remigiusz Wilk, Petr Fiala, Tomas Pojar, Tomas Kopecny, Kopecny, Lukas Visingr, Visingr, Michael Kahn, Anna Koper, Alex Richardson Organizations: Aero Vodochody, REUTERS, Western, Central, Russia Czech, Defence, Western NATO, Warsaw, Defence and Security Industry Association of, Reuters, Aero, Privately, Czechoslovak Group, CSG, Stockholm International Peace Research Institute, WB Group, WB, Ivory, Thomson Locations: Odolena Voda, Czech Republic, Russia, Africa, PRAGUE, WARSAW, European, Western, Czechoslovakia, Czech, UKRAINE, Polish, Ukraine, Stockholm, China, Saharan Africa, Poland's, Poland, Ethiopia, Kenya, Ghana, Prague, Mozambique
[1/7] Polish President Andrzej Duda arrives for the first session of the newly elected Polish parliament in Warsaw, Poland November 13, 2023. REUTERS/Kacper Pempel Acquire Licensing RightsWARSAW, Nov 13 (Reuters) - Poland's parliament meets for the first time on Monday since an election in which an alliance of pro-European Union parties won a majority, heralding a new start for Polish politics. He would serve until 2025 when, under a coalition agreement, the role would pass to Wlodzimierz Czarzasty of the New Left. Monday's parliamentary session could also provide a glimpse of the challenges the coalition may face maintaining unity. The opposition said in its coalition agreement that it would invalidate the ruling.
Persons: Andrzej Duda, Kacper, Mateusz Morawiecki, Donald Tusk, Tusk, Szymon Holownia, Wlodzimierz, PiS, Piotr Muller, Krzysztof Smiszek, Alan Charlish, Pawel, Timothy Organizations: REUTERS, Rights, European Union, Justice, Civic Coalition, Third Way, New, TVN, Timothy Heritage, Thomson Locations: Warsaw, Poland, Republic of Poland
Elon Musk announced a sarcastic AI ChatGPT rival called Grok coming to his platform, X, formerly known as Twitter. The company unveiled a series of AI tool updates, including the ability for developers to create custom versions of ChatGPT called GPTs. Humane’s Ai PinHumane introduced its first AI wearable device called the Ai Pin From HumaneHumane, a startup founded by former Apple employees, introduced its first AI wearable device called the Ai Pin, a small blinking gadget that attaches to clothing. The Ai pin, which runs on a Snapdragon processor and boasts a Qualcomm AI engine, is packed with depth and motion sensors, features an ultra-wide camera and a laser ink display. The Ai Pin, which starts at $699, will go on sale in the US on Thursday, November 16.
Persons: OpenAI, Elon Musk, , Reece Hayden, Hayden, ” Hayden, Here’s, Sam Altman, Altman, Ai, Arun Chandrasekaran, , Jaap Arriens, xAI, Douglas Adams, Elon, Grok, Musk, Chandrasekaran, Anna Coobin Organizations: CNN, OpenAI, ABI Research, Fortune, Apple, Qualcomm, Gartner, Twitter, Galaxy, Reuters, Amazon, YouTube Locations: Warsaw, Poland, British
This year's event was attended by some 40,000 and passed off peacefully, the Warsaw mayor, Rafal Trzaskowski, said. It came as nationalist forces have seen their worldview rejected by voters. Political Cartoons View All 1240 ImagesThe far-right Confederation party, which is ideologically linked to the Independence March, won just 18 seats in the 460-seat Sejm, the Polish parliament. Meanwhile, Law and Justice, the ruling right-wing nationalist party whose leaders joined the march in the past, won the most votes but fell short of a parliamentary majority. Among those taking part this year was Paul Golding, the leader of Britain First, a small far-right party in the U.K.Football supporters were prominent among the marchers, some holding banners with far-right slogans.
Persons: Rafal Trzaskowski, Donald Tusk, , Tusk, Andrzej Duda, ” Duda, Volodymyr Zelenskyy, Paul Golding Organizations: European Union, Confederation, Justice, , Britain, Football Locations: WARSAW, Poland, Warsaw, Prussia, Austria, Russia, Ukraine, Russian, Hungary, Italy
Law firm Allen & Overy hit by 'data incident'
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Kacper Pempel/Files Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media posts suggested it had been hacked by the Lockbit cybercrime gang. An Allen & Overy spokesperson said the firm had "experienced a data incident impacting a small number of storage servers", but its email and document management system had not been affected. The spokesperson also said Allen & Overy has suffered "some disruption", but that it continued to operate normally. Lockbit took credit for the hack and gave a deadline of Nov. 28 for Allen & Overy to negotiate, according to the criminal group's website on the dark web. The cyber attack on Allen & Overy follows last month's confirmation of its merger with U.S. law firm Shearman & Sterling, to create one of the world's largest legal practices.
Persons: Kacper, Overy, Lockbit, Allen, Wales –, Shearman, Sam Tobin, James Pearson, Sarah Young, Tomasz Janowski Organizations: Allen, Financial Times, Overy, Overy's, Boeing, Royal, Authority, Wales, U.S, Sterling, Thomson Locations: Warsaw, London, United States, Britain, England
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.
Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France
[1/2] The branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. Its net income jumped 33% to 1.75 billion euros ($1.87 billion), above the 1.37 billion expected by analysts in a company-compiled poll. Group revenue rose 19% to 6.34 billion euros, topping the 5.99 billion expected by analysts. It reported lower-than-expected provisions of 429 million euros, helping its bottom line. Credit Agricole controls Europe's largest fund manager Amundi (AMUN.PA) and recently announced plans to acquire Belgian wealth management firm Degroof Petercam.
Persons: Marcin Goclowski, Morgan, Amundi, Degroof, Mathieu Rosemain, Augustin Turpin, Silvia Aloisi, Jason Neely Organizations: Credit Agricole, REUTERS, Credit, Credit Agricole Group, Societe Generale, BNP, Deutsche Bank, Barclays, Thomson Locations: Credit, Warsaw, Poland, PARIS, Italy, France
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