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The ruling Socialists (PSOE) and far-left Sumar won 153 but have more possibilities for negotiating support from small Basque and Catalan separatist parties, as they did following 2019's election. Sanchez could win over left-wing separatist party Esquerra Republicana de Catalunya (ERC). Junts Secretary General Jordi Turull said on Monday he would use the "window of opportunity" created by the election impasse to achieve Catalan independence. Turull was among the nine Catalan jailed separatist leaders pardoned by Sanchez in 2021 for their role in the 2017 independence bid. Puigdemont, who still wields considerable influence within Junts, said in mid-July the party would not support Sanchez because he was unreliable.

Persons: Sanchez, Carles Puigdemont, Pedro Sanchez, Vox, Sumar, Esquerra, Jordi Turull, Turull, Puigdemont, Joan Esculies, Esculies, Antoni Comin, Clara Ponsati, Yves Herman, Franco, Spain's, Alberto Nunez Feijoo, PNV, Arnaldo Otegi, Otegi, Joan Faus, Belen Carreno, Emma Pinedo, Inti Landauro, Charlie Devereux, Angus MacSwan, Aislinn Laing Organizations: Exiled, Catalan, Socialist, People's Party, Socialists, PSOE, ERC, Junts, RAC, REUTERS, Reuters, Basque, Vox, Thomson Locations: Spain, Exiled Catalan, BARCELONA, MADRID, Belgium, Catalonia, Puigdemont's, Basque, Catalan, Junts, Madrid, Brussels, Canary Islands, Galicia, Navarra, Barcelona

"Today there are security guarantees for Ukraine on the way to NATO," he said. "The Ukraine delegation is bringing home a significant security victory for Ukraine." Speaking earlier alongside Zelenskiy, NATO Secretary General Jens Stoltenberg said Ukraine was closer to the alliance than ever before, and brushed aside new warnings from Russia about the consequences of supporting Ukraine. The security assurances for Ukraine had to be "credible", he said, in order to deter Russia from future attacks. Kremlin spokesman Dmitry Peskov said it was "potentially very dangerous" for the West to give Ukraine security guarantees.

Persons: Volodymyr Zelenskiy, Joe Biden, we're, Biden, Zelenskiy, Jens Stoltenberg, Rishi Sunak, Yves Herman, Stoltenberg, Dmitry Peskov, Dmitry Medvedev, Vladimir Putin, John Irish, Steve Holland, Justyna Pawlak, Sabine Siebold, Andrew Gray, Max Hunder, Gabriela Baczynska, Matthias Williams, Alex Richardson, William Maclean Organizations: Ukraine Ukrainian, Ukraine, NATO, Kyiv, U.S, British, REUTERS, Zelenskiy, Twitter, Thomson Locations: United States, Ukraine, U.S, VILNIUS, Russia, Russian, Germany, Japan, France, Canada, Italy, Britain, Zelenskiy, Vilnius, Lithuania, Budapest, Moscow, Netherlands, NATO, Kyiv, Soviet Union, Washington, Berlin, Europe

[1/3] Japanese Prime Minister Fumio Kishida and NATO Secretary-General Jens Stoltenberg meet during a NATO summit in Vilnius, Lithuania July 12, 2023. REUTERS/Yves HermanTOKYO, July 12 (Reuters) - Japan's Prime Minister Fumio Kishida said on Wednesday he welcomed that Japan and the North Atlantic Treaty Organization (NATO) had agreed on a new partnership programme, ahead of his attendance at the NATO Vilnius summit. At a joint announcement with NATO chief Jens Stoltenberg, Kishida said he looked forward to furthering cooperation in new areas including cyber-security, and hoped to deepen cooperation with NATO as it increases its engagement with the Indo-Pacific. The new partnership programme comes as NATO explores a deeper engagement with Asia while China increases its military presence. China has lashed out at a communique issued by NATO during its two-day summit in Lithuania's capital Vilnius claiming that China challenged the military alliance's interests, security, and values.

Persons: Fumio Kishida, Jens Stoltenberg, Yves Herman TOKYO, Kishida, Stoltenberg, Sakura Murakami, Kentaro Sugiyama, Michael Perry Organizations: NATO, REUTERS, Japan's, Atlantic Treaty Organization, Thomson Locations: Vilnius, Lithuania, Japan, NATO Vilnius, Asia, China, North Korea, Europe, Lithuania's

☆ US, Japan, S.Korea hold rare military meeting as N.Korea launches missile
▼ + stars: | 2023-07-12 | by ( Idrees Ali | Thomson Reuters | National Security Correspondent Focusing On The Pentagon In Washington D.C. Reports On U.S. Military Activity | ) www.reuters.com time to read: +2 min

Washington has been pressing the uneasy neighbors to work more closely to better counter rising threats from China and North Korea. He said the North Korean ballistic missile had been launched towards the Sea of Japan. U.N. Security Council resolutions ban North Korea's use of ballistic missile technology, including for satellite launches. North Korea's Kim Yo Jong, the powerful sister of leader Kim Jong Un, said on Tuesday a U.S. military spy plane had entered North Korea's Exclusive Economic Zone eight times. A senior U.S. defense official, speaking on the condition of anonymity, said it appeared that North Korea's threats were largely bluster.

Persons: Mark A, Milley, Yves Herman, SMITH, Dave Butler, Mark Milley, Camp, Korea's Kim Yo Jong, Kim Jong Un, Idrees Ali, Jacqueline Wong, Robert Birsel Organizations: Joint Chiefs, NATO Defence Ministers, REUTERS, United, South, Reuters, North, Thomson Locations: Brussels, Belgium, Hawaii, United States, North Korea, Washington, China, Seoul, Tokyo, Korea, Japan, Camp Smith, U.S, South Korea

Sweden and Finland applied for NATO membership last year, abandoning their policies of military non-alignment that had lasted through the decades of the Cold War in response to Russia's invasion of Ukraine. While Finland's NATO membership was green-lighted in April, Turkey and Hungary have yet to clear Sweden's bid. NATO Secretary-General Jens Stoltenberg, Turkish President Tayyip Erdogan and Swedish Prime Minister Ulf Kristersson react during a meeting, on the eve of a NATO summit, in Vilnius, Lithuania July 10, 2023. "This has been a good day for Sweden," Kristersson told reporters, saying the joint statement on Monday represented "a very big step" toward the final ratification of Sweden's membership of NATO. After Hungarian Prime Minister Viktor Orban's chief of staff said on Thursday that Budapest would now no longer block Sweden's NATO membership ratification, Turkish approval would remove the last hurdle for Swedish accession to NATO, applications for which must be approved by all members.

Persons: Tayyip Erdogan, Sweden's, Erdogan, Jens Stoltenberg, Ulf Kristersson, Yves Herman / Pool Erdogan, Kristersson, Monday, Stoltenberg, Viktor Orban's, Joe Biden, Niklas Pollard, Andrius, Anna Ringstrom, Johan Ahlander, Ezgi, John Irish, William Maclean, Rosalba O'Brien Organizations: NATO, Kurdistan Workers Party, EU, REUTERS, European Union, Finland's, Hungarian, Lockheed Martin Corp, Pawlak, Thomson Locations: VILNIUS, Ukraine, Sweden, Finland, Turkey, Hungary, Stockholm, Lithuanian, Vilnius, Swedish, Madrid, Ankara, United States, Lithuania, Turkey's, European, Budapest, Washington, Istanbul

As Jeanbrun's wife and children, aged 5 and 7, took flight through the back yard, they were targeted with fireworks. Jeanbrun told Prime Minister Elisabeth Borne his wife had had surgery to a broken leg and faced a three-month rehabilitation. "While attempting to shield them and fleeing the attackers, my wife and one of my children were hurt," the mayor said. Jeanbrun's town hall has been the target of attack for several nights since Tuesday's shooting and has been protected with barbed wire and barricades. "I didn’t think we'd ever live through something like this," the mayor told another bystander who wished his wife well.

Persons: Vincent Jeanbrun, Melanie, Jeanbrun, Elisabeth Borne, Yves Herman The, Elizabeth Pineau, Benoit van Overstraeten, Richard Lough, Alison Williams Organizations: REUTERS, Thomson Locations: Paris, L'Hay, France, Jeanbrun's

It was the second time this year that unrest in France has forced Macron to postpone high profile encounters with a head of state after Britain's King Charles cancelled a visit due to protests over pension legislation. "A state visit is a visit of friendship, purely ceremonial, there will be a better time to do so," a Macron aide told Reuters, asking not to be named. Macron spoke on the phone on Saturday with German President Frank-Walter Steinmeier and briefed him on the situation, a spokesperson for the German president said. The state visit was to see Macron cross Germany from west to east before giving a speech on bilateral relations. "The state visit can be made up for later, but the violent protests and the reactions to them also show how charged the political mood in France is at the moment," he added.

Persons: Yves Herman BERLIN, Emmanuel Macron, Macron, Britain's King Charles, Frank, Walter Steinmeier, Yann Wernert, Jacques Delors, Andreas Rinke, Elizabeth Pineau, Tom Sims, Richard Lough, Giles Elgood, Andrew Cawthorne Organizations: REUTERS, Thomson Locations: Nanterre, Paris suburb, France, Germany, Paris, Berlin

☆ France violence: Is it safe to visit Paris and other cities right now?
▼ + stars: | 2023-06-30 | by ( Barry Neild | Xiaofei Xu | ) edition.cnn.com time to read: +7 min

Merzouk’s death appears to have become a flashpoint for anger about racial inequality in France and claims of police discrimination. Yves Herman/ReutersLimited curfews have been imposed in two towns close to Paris at the center of some of the worst violence. Several buses were torched in the Paris suburb of Aubervilliers. The violence and protests erupted after police shot dead a teenager in a Paris suburb. The central areas of Paris, home to the Louvre Art Museum and the Eiffel Tower have been almost totally unaffected.

Persons: –, Nahel Merzouk, Merzouk, Emmanuel Macron, Trappes, Yves Herman, Nicolas Tucat, it’s Organizations: CNN, Elite, Eurostar, London —, Reuters, Ministry of, Metro, Louvre Art Museum, Eiffel, US State Department, State Department, Foreign, Commonwealth Office Locations: Paris, France, Bus, Parisian, Nanterre, Montreuil, Neuilly, Clamart, ”, Marseille, Bordeaux, Lille, London, Roubaix, Aubervilliers, Préfecture, Nicolas, AFP

☆ France protests: Nationwide demonstrations are sweeping the country. Here's what you need to know
▼ + stars: | 2023-06-30 | by ( Sana Noor Haq Joshua Berlinger Tara John Barry Neild Xiaofei Xu | Sana Noor Haq | Joshua Berlinger | ) edition.cnn.com time to read: +9 min

Protesters clash with police in Nanterre, France, on Friday, June 30. Gonzalo Fuentes/Reuters A firefighter extinguishes a car that was burnt during clashes between protesters and police in Roubaix, France, on June 30. Kenzo Tribouillard/AFP/Getty Images People look at burning tires blocking a street in Bordeaux, France, on Thursday, June 29. There was no disruption to the Eurostar service connecting London, Lille and Paris as a result of the protests. Further afield, the US State Department issued a security alert on June 29 covering France.

Persons: Emmanuel Macron, Nahel, Pascal Prache, Prache, Gonzalo Fuentes, Pascal Rossignol, Bertrand Guay, Kenzo Tribouillard, Philippe Lopez, Firas Abdullah, Zakaria Abdelkafi, Benjamin Girette, Antoine Gyori, Stephanie Lecocq, ”, Gerard Darmanin, Macron, Elton John, Yves Herman, TikTok, Snapchat Organizations: CNN —, Reuters, Fort, Getty, AFP, Anadolu Agency, Police, Bloomberg, Firefighters, Overseas, Rights, Europe, Amnesty, Twitter, UN, Human Rights, French Ministry of Foreign Affairs, Interior Ministry, Metro, Eurostar, US State Department Locations: CNN — France, Paris, Nanterre, France, Roubaix, Lille, Aubervilliers, AFP, Bordeaux, Cayenne, French Guiana, Brussels, Clamart, Neuilly, Marne, Préfecture, Marseille, London, Britain, “

☆ EU says aborted Russia mutiny shows Moscow's military power is 'cracking'
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, June 26 (Reuters) - European Union foreign ministers on Monday said an aborted mutiny in Russia at the weekend showed Moscow's war in Ukraine was causing domestic instability and undermining its military power, but stressed their focus remained on supporting Kyiv. "The political system is showing fragilities, and the military power is cracking," EU foreign policy chief Josep Borrell told reporters in Luxembourg as he arrived for a meeting with ministers from across the 27-member bloc. "The monster that Putin created with Wagner, the monster is biting him now, the monster is acting against his creator." German Foreign Minister Annalena Baerbock said Putin was destroying his own country with his "brutal war of aggression" in Ukraine. Finnish Foreign Minister Elina Valtonen suggested the weekend's events showed Putin's hold on power was not as strong as it seemed.

Persons: Wagner, Yevgeny Prigozhin, Josep Borrell, Borrell, Vladimir Putin, Prigozhin's Wagner, Putin, Annalena Baerbock, Yves Herman, Baerbock, Jean Asselborn, Alexander Schallenberg, Elina Valtonen, Sabine Siebold, Bart Meijer, Andrew Gray, Conor Humphries Organizations: Union, Kyiv, Moscow, EU, European Commission, REUTERS, Austrian, Thomson Locations: BRUSSELS, Russia, Ukraine, EU, Luxembourg, Brussels, Belgium, Russia's, Europe, Finnish

☆ Mercedes drivers can soon turn to ChatGPT for voice control
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

Mercedes-Benz (MBGn.DE) on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with some 900,000 vehicles that have the automaker's "MBUX" systems, ChatGPT will download over the air after drivers opt in via a Mercedes app or by voice command, the company said. Mercedes said ChatGPT would make its car system's answers sound more natural and would let drivers ask for destination information or address other queries, like what to cook for dinner. The automaker had previously let drivers and passengers issue a range of requests by voice, such as turning on seat heaters. Findings from the test program will inform Mercedes' plans for adding such artificial intelligence to other countries and in other languages, the company said.

Persons: Yves Herman, ChatGPT, Mercedes, Alexa, Jeffrey Dastin, Jamie Freed Organizations: Mercedes, Benz, REUTERS, Microsoft, General, Thomson Locations: Brussels, Belgium, Palo Alto , California, Bengaluru

[1/4] U.S. Chairman of the Joint Chiefs of Staff General Mark A. Milley holds a news conference on the day of a NATO Defence Ministers' meeting at the Alliance's headquarters in Brussels, Belgium June 15, 2023. Milley was speaking after a meeting of the U.S.-led Contact Group of some 50 countries that give military aid to Ukraine. Austin noted the group had already given Patriot, IRIS-T and NASAMS air defence systems that had protected Ukraine from Russian missile attacks. "I ask that the members of this Contact Group continue to dig deep to provide Ukraine with the air defence assets and munitions that it so urgently needs to protect its citizens," Austin said in opening remarks. Later in the day, NATO defence ministers met separately with Reznikov to discuss their support for Kyiv.

Persons: Mark A, Milley, Yves Herman BRUSSELS, Kyiv's, It's, Mark Milley, Lloyd Austin, Austin, We'll, Oleksii Reznikov, Reznikov, Phil Stewart, Benoit Van Overstraeten, Alexandra Hudson Organizations: Joint Chiefs, NATO Defence Ministers, REUTERS, U.S, Ukraine, Russian, Joint Chiefs of Staff, NATO, Group, U.S . Defense, IRIS, Washington, Kyiv, Ukrainian Defence, Alexandra Hudson Our, Thomson Locations: Brussels, Belgium, Ukraine, U.S, Russian, Kyiv

☆ EU considers mandatory ban on using Huawei to build 5G - FT
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: 1 min

[1/2] European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman//File PhotoJune 6 (Reuters) - The European Union is considering a mandatory ban on member states using companies deemed to present a security risk in their 5G networks, including Chinese telecoms group Huawei, the Financial Times reported on Tuesday, citing officials with knowledge of the discussion. Reporting by Akriti Sharma in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Akriti Sharma, Sherry Jacob, Phillips Organizations: European Commission, REUTERS, European, Huawei, Financial Times, Thomson Locations: Brussels, Belgium, European Union, Bengaluru

☆ ECB's Lagarde sees no peak in core inflation despite 'moderation'
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] European Central Bank President Christine Lagarde walks on the day of addressing the European Parliament's Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium June 5, 2023. REUTERS/Yves HermanFRANKFURT, June 5 (Reuters) - European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it was too early to call a peak in that key gauge of price growth. Lagarde's comments were likely to cement market expectations for more interest rate increases from the ECB this month and the next despite a sharp fall in inflation last month. "The latest available data suggest that indicators of underlying inflationary pressures remain high and, although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked," Lagarde told European lawmakers. Lagarde conceded that the effects of past rate hikes "were starting to materialise" and were likely to "strengthen in the coming years".

Persons: Christine Lagarde, Yves Herman FRANKFURT, Lagarde, Francesco Canepa, Balazs Koranyi, Bernadette Baum Organizations: European Central Bank, European Parliament's, Economic, Monetary Affairs, REUTERS, Central Bank, ECB, Thomson Locations: Brussels, Belgium

☆ NATO Turkey: Alliance is in a race against time to save itself from a major embarrassment
▼ + stars: | 2023-06-01 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

CNN —NATO officials are in a race against time to avoid the embarrassment of seeing the alliance miss its own stated aim of admitting Sweden to the alliance by July 11. Sweden has a permanent delegation at NATO and is considered a close partner to the alliance, meaning joining should be relatively straightforward. The second is that Turkey isn’t the only fly in the ointment: Hungary also objects to Sweden joining NATO. Sweden joining NATO would be the latest in a long list of good news stories for the alliance since Russia invaded Ukraine. That’s precisely why officials are so concerned about Turkey vetoing Sweden’s accession on NATO’s own timetable.

Persons: it’s, Recep Tayyip Erdogan’s, Christine Olsson, Erdogan, Putin’s, Putin, ”, “ Erdogan, Yves Herman, –, Emmanuel Macron, Turkey vetoing Organizations: CNN, NATO, Russia, Kurdistan Workers ’ Party, Turkish, Reuters, TT, Agency, AFP, Sweden –, European Union, Diplomats, US, EU Locations: Sweden, Finland, Ukraine, Russia, Turkey, East, Europe, Ankara, Turkish, Stockholm, Lithuanian, Vilnius –, Atlantic, North Korea, China, ”, Eastern European, Brussels, Hungary, United States, United Kingdom, Asia

☆ Factbox: How megacap stocks fared after hitting $1 trillion in market cap
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves HermanNEW YORK, May 30 (Reuters) - A mammoth run in shares of Nvidia Corp (NVDA.O) has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value. Nvidia's market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session. While Apple has ascended to even greater heights, touching $3 trillion in market cap at one point, Meta Platforms (META.O), which was formerly Facebook, and Tesla (TSLA.O), have since fallen below the level after they reached $1 trillion at separate points in 2021. Here is a look at the other six trillion-dollar companies and where their market values stand now:Reporting by Lewis Krauskopf, Lance Tupper and Noel Randewich; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman NEW, Lewis Krauskopf, Lance Tupper, Noel Randewich, Ira Iosebashvili, David Gregorio Our Organizations: Apple, REUTERS, Yves Herman NEW YORK, Nvidia Corp, Facebook, Thomson Locations: Brussels, Belgium

[1/3] Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, gestures after speaking following early exit poll results for the second round of the presidential election in Ankara, Turkey May 28, 2023. According to some party members, analysts and voters, Kilicdaroglu, the opposition presidential candidate in Sunday's runoff vote, will need to immediately re-focus on maintaining control of Turkey's big cities in the municipal elections. Instead Erdogan, modern Turkey's longest-serving leader, will extend his increasingly authoritarian rule into a third decade, backed by a majority for his alliance in parliament. Meanwhile the Republican People's Party (CHP), which Kilicdaroglu leads, holds internal discussions this week in Ankara to pick up the pieces. The broader six-party opposition alliance convened after Sunday's election results came in.

It reinforced Erdogan's image of invincibility in the deeply divided NATO-member country, whose foreign, economic and security policy he has redrawn. Pro-government newspapers, part of an overwhelmingly pro-Erdogan media landscape that buoyed his election campaign in the nation of 85 million people, cheered his victory. Erdogan said inflation, which hit a 24-year peak of 85% last year before easing, is Turkey's most urgent issue. Turkey's main pro-Kurdish party, parliament's third largest, was among the opposition parties opposed to Erdogan and is accused of links to Kurdish militants, which it denies. Erdogan, head of the Islamist-rooted AK Party, appealed to voters with nationalist and conservative rhetoric in a divisive campaign that deflected attention from Turkey's economic problems.

Kilicdaroglu, chair of the secularist Republican People's Party (CHP), received 44.9% in what was seen as the biggest electoral challenge to Erdogan's 20-year rule. A third candidate, nationalist Sinan Ogan, obtained 5.17% and both Erdogan and Kilicdaroglu are expected to seek his endorsement in negotiations this week. Turkey hosts the world's largest refugee population of around 4 million, according to official figures. Supporters of Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, rally outside the Republican People's Party (CHP) headquarters on election night in Ankara, Turkey May 14, 2023. In Wednesday's video, Kilicdaroglu also accused Erdogan of cooperating with the network Ankara accuses of orchestrating a 2016 coup attempt.

[1/2] An advertising board shows a 5G logo at the International Airport in Zaventem, Belgium May 4, 2020. The proposal is part of feedback to the European Commission which launched a consultation into the issue in February. The document, which was reviewed by Reuters and has not been published, was compiled by lobbying groups GSMA and ETNO. Telecom operators have lobbied for years for leading technology companies to contribute to funding 5G and broadband roll-out, saying that they use a huge part of the region's internet traffic. Alphabet's (GOOGL.O) Google, Apple (AAPL.O), Meta (META.O), Netflix , Amazon (AMZN.O) and Microsoft (MSFT.O) account for more than half of data internet traffic.

His main opponent is CHP leader Kemal Kılıçdaroğlu, who represents an election coalition of six opposition parties. For the first time, Turkey’s factious opposition has coalesced around a single candidate. When a vicious earthquake on February 6 laid waste to large parts of southeast Turkey, Erdogan’s battled political aftershocks. More than 1.8 million voters living abroad already cast their votes on April 17, Turkish newspaper Daily Sabah reported Wednesday, citing the country’s deputy foreign minister. The Supreme Election Council (YSK) chief Ahmet Yener said last month that at least 1 million voters in quake-stricken zones are expected not to vote this year amid displacement.

☆ Postpandemic Hangover Spreads to New Group of Healthcare Companies
▼ + stars: | 2023-05-10 | by ( David Wainer | ) www.wsj.com time to read: 1 min

Companies like Thermo Fisher reported outsize growth during the Covid-19 pandemic. Photo: yves herman/ReutersFor drug companies, Covid-19 brought financial gains that were unevenly distributed, with Pfizer making over $50 billion from pandemic-related products last year even as other pharma companies saw more modest sales boosts. By contrast, the pandemic wealth was more evenly spread for “picks-and-shovels” businesses that supply big pharma companies with products needed to manufacture drugs and vaccines.

☆ Pharma Suppliers Are Nursing a Postpandemic Hangover
▼ + stars: | 2023-05-09 | by ( David Wainer | ) www.wsj.com time to read: 1 min

But with flights remaining limited after China's border reopening in January, European luxury stores will need to wait longer for the return of masses of tourists they once depended on for growth. The average transaction value by Chinese travellers in Europe in March was 28% above 2019 levels, UBS said, citing data from VAT refund provider Planet. Cartier-owner Richemont (CFR.S), Hermes (HRMS.PA) and LVMH were best placed to benefit from wealthy Chinese shoppers, UBS added. As wealthy Chinese return to Europe and other foreign destinations, the appeal of China's Hainan Island, a duty free shopping hotspot, appears to be waning among top luxury spenders. China's "higher income, top luxury spenders (are) already travelling abroad again," she said, leading to an observable lower per-capita spend in Hainan.

☆ European banks surge on strong Q1 results from U.S. peers
▼ + stars: | 2023-04-14 | by ( Joice Alves | ) www.reuters.com time to read: +1 min

[1/3] The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves HermanLONDON, April 14 (Reuters) - European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. The STOXX 600 index of European banks (.SX7P) gained as much as 3% to reach its highest since mid-March after JPMorgan (JPM.N), Citigroup (C.N) and Wells Fargo WFC.N beat estimates. Banks largely outperformed the broader market, with the STOXX 600 (.STOXX) index climbing 0.6% as risk assets gained support from expectations the U.S. Federal Reserve may soon finish raising interest rates. In London, Standard Chartered (STAN.L) shares rose 4.3% to three-week highs, Barclays (BARC.L) shares were up 3%, touching a five-week high, while HSBC (HSBA.L) shares up 3.1% to one month highs.

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