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☆ Stellantis tops forecasts, looks to cost cuts to keep margins strong
▼ + stars: | 2023-07-26 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

[1/2] A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. The world's third largest automaker by sales said its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. Milan-listed shares in Stellantis were up 1.6% by 0725 GMT, outpacing a 0.15% rise in Italy's blue-chip index (.FTMIB). He argued that the Stellantis margin performance was still better than those of Tesla (TSLA.O) and GM (GM.N), which he said posted margins of 10.5% and 8.3% respectively. Its first-half EBIT margin fell 60 basis points to 17.5% in North America, the group's most profitable region.

Persons: Benoit Tessier, EBIT, Carlos Tavares, Stellantis, Alfa Romeo, Ram, Natalie Knight, Tesla, Giulio Piovaccari, Gilles Guillaume, Federico Maccioni, Jason Neely, Keith Weir Organizations: REUTERS, Milan, GM, Fiat, Peugeot, Jeep, Thomson Locations: Paris, France, MILAN, Stellantis, North America, China, Europe, Milan

[1/2] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Hawaiian Airlines warned it might have to adjust its capacity, but said it was too early to assess the impact. Spirit Airlines previously cut 2023 capacity estimates due to a lack of working GTF engines. A spokesperson said the New York-based carrier was working with Pratt to assess the impact of the latest problem. In a regulatory filing, the company previously warned it was "vulnerable to significant problems" associated with Pratt & Whitney's GTF engines.

Persons: Pratt & Whitney, Benoit Tessier, Pratt, Addison Schonland, RTX, Schonland, Peter Ingram, Scott Haralson, Whitney's, Wizz, Rajesh Kumar Singh, Tim Hepher, Valerie Insinna, Ben Klayman, Jamie Freed Organizations: Pratt &, International Paris Air, Le, REUTERS, Airline, Pratt & Whitney, Pratt, Airbus, Carriers, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz, JetBlue, Thomson Locations: Le Bourget, Paris, France, PARIS, Pratt, Florida, New York, New York City, Chicago, Washington

☆ RTX to take up to 60 days to fix each GTF engine with contamination issue
▼ + stars: | 2023-07-25 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

[1/2] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Engines potentially affected by the metal powder issue will not be put through the entire overhaul cycle, which typically lasts four to five months, Hayes said. Hayes acknowledged that news of the latest GTF problem was a "disappointment" but added that he expects the share price to recover. According to data from CAPA - Centre for Aviation, Pratt & Whitney has retained a market share of about 45 percent since 2017. The PW1100G is the GTF model affected by the powder metal problem.

Persons: Pratt & Whitney, Benoit Tessier WASHINGTON, Greg Hayes, Hayes, Safran, RTX, Mike Stengel, Valerie Insinna, Marguerita Choy, Bill Berkrot, Jonathan Oatis Organizations: Pratt &, International Paris Air, Le, REUTERS, RTX, Airbus, Raytheon, Reuters, CFM International, General Electric, CAPA, Centre for Aviation, Thomson Locations: Le Bourget, Paris, France, Washington

Puma is likely to benefit less from the trend than Adidas because its terrace range doesn't have as much name recognition, said Adam Cochrane, analyst at Deutsche Bank. Investors will be pushing Puma and Adidas on broader strategies to navigate weak consumer demand at second-quarter results on July 26 and Aug. 3 respectively. Adidas, however, has got a big boost from selling some of its stock of discontinued Yeezy shoes. On Monday it slashed its expected 2023 operating loss to 450 million euros from 700 million euros, citing unexpectedly strong Yeezy sales. "However, the cost to compete for sportswear brands is very high, and barriers to entry are low, making retailers quite vulnerable to 'boom and bust' cycles as trends change," said Aubin.

Persons: Benoit Tessier, Adam Cochrane, it's, Robert Schramm, Fuchs, Janus Henderson, Bjorn Gulden, Edouard Aubin, Morgan Stanley, Aubin, Helen Reid, Linda Pasquini, Susan Fenton Organizations: Adidas, REUTERS, Puma, Nike U.S, Nike, Google, Deutsche Bank, Investors, Defamation, Thomson Locations: Lafayette, Paris, France, U.S, China, North America, London, Gdansk

☆ Stanford President Marc Tessier-Lavigne Resigns Amid Concerns Over Research Practices
▼ + stars: | 2023-07-19 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/stanford-president-tessier-lavigne-resigns-amid-concerns-over-research-practices-2c7229eb

Persons: Dow Jones, tessier, lavigne Organizations: stanford

☆ Stanford President Will Resign After Report Found Flaws in His Research
▼ + stars: | 2023-07-19 | by ( Stephanie Saul | More About Stephanie Saul | ) www.nytimes.com time to read: +1 min

Following months of intense scrutiny of his scientific work, Marc Tessier-Lavigne announced Wednesday that he would resign as president of Stanford University after an independent review of his research found significant flaws in studies he supervised going back decades. The review, conducted by an outside panel of scientists, refuted the most serious claim involving Dr. Tessier-Lavigne’s work — that an important 2009 Alzheimer’s study was the subject of an investigation that found falsified data and that Dr. Tessier-Lavigne had covered it up. The panel concluded that the claims “appear to be mistaken” and that there was no evidence of falsified data or that Dr. Tessier-Lavigne had otherwise engaged in fraud. But the review also stated that the 2009 study, conducted while he was an executive at the biotech company Genentech, had “multiple problems” and “fell below customary standards of scientific rigor and process,” especially for such an influential paper.

Persons: Marc Tessier, Lavigne, Tessier, “ Organizations: Stanford University

☆ Stanford University president to quit after review finds flaws in his research
▼ + stars: | 2023-07-19 | by ( Brad Brooks | ) www.reuters.com time to read: +2 min

July 19 (Reuters) - The president of Stanford University, one of the most prestigious U.S. schools, announced plans on Wednesday to resign his post after an independent review ordered by its board of trustees found flaws in his research as a neuroscientist. Those allegations were in connection with Alzheimer's disease research carried out when Tessier-Lavigne was the executive vice president of research drug discovery at the U.S. biotechnology company Genentech Inc. But the review of 12 research papers dating over two decades found that when concerns about the research were raised, "Tessier-Lavigne failed to decisively and forthrightly correct mistakes in the scientific record." As a result of the review, Tessier-Lavigne said he was going to retract three papers and correct another two. The board of trustees named Richard Saller, a professor in Stanford's Department of Classics, as interim president beginning Sept. 1.

Persons: Marc Tessier, Lavigne, Tessier, " Tessier, Richard Saller, Brad Brooks, Will Dunham, Donna Bryson Organizations: Stanford University, Stanford, University, Genentech Inc, Stanford's Department of Classics, Thomson Locations: U.S, Palo Alto , California, Lubbock , Texas

☆ University Departures Put Student Journalists in Spotlight
▼ + stars: | 2023-07-19 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Mr. Baker, 18, resurfaced claims in a Nov. 29 article for The Stanford Daily that neuroscience research papers in which Dr. Tessier-Lavigne was listed either as principal author or co-author had altered imagery. The claims had been repeated over the years on PubPeer, a website that allows scientists to discuss research. The next day, Stanford University opened an investigation into Dr. Tessier-Lavigne with a panel of outside scientists. Dr. Tessier-Lavigne denied those claims. “That allegation appears to be mistaken, as Genentech has stated,” the panel’s report said, though it noted “multiple problems” with the 2009 study.

Persons: ”, Theo Baker, . Baker, Tessier, Lavigne, Lavigne “, Genentech, . Tessier Organizations: Stanford Daily, Stanford, Stanford University

Marc Tessier-Lavigne, a renowned neuroscientist, announced on Wednesday that he would step down from his position as president of Stanford University, after the release of an external review of his scientific work found fault with several high-profile journal articles published under his purview. A committee drafted the review in response to allegations that Dr. Tessier-Lavigne was involved in scientific misconduct. In its report, which focused on 12 academic papers, the committee said there was no evidence that Dr. Tessier-Lavigne had knowingly falsified data or withheld such information from the public. In response, Dr. Tessier-Lavigne vowed to retract three of the five articles, request major corrections for two and step down from his position as president. “I am gratified that the panel concluded I did not engage in any fraud or falsification of scientific data,” Dr. Tessier-Lavigne said in a statement, adding: “Although I was unaware of these issues, I want to be clear that I take responsibility for the work of my lab members.”

Persons: Marc Tessier, Lavigne, Tessier, Randy Schekman, Shirley Tilghman, Dr . Tessier, . Tessier, “, Dr, ” Organizations: Stanford University, Physiology, Princeton University

☆ Stanford's student paper just took down the prestigious school's president
▼ + stars: | 2023-07-19 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

The resignation comes after student journalists uncovered manipulated data in scientific papers he authored. Tessier-Lavigne has been the school's president since 2016. Last year, The Stanford Daily, a student publication, published an investigation identifying serious problems in some of Tessier-Lavigne's published work, including evidence that images were improperly altered. The school's investigation found evidence of manipulation and "serious flaws in the presentation of research data," though it also found that the Stanford president himself "did not have actual knowledge" of the manipulation. In his statement, Tessier-Lavigne insisted that he was unaware of the issues with his scientific papers.

Persons: Marc Tessier, Lavigne, Tessier, Stanford's, " Tessier, Lavigne's, Stanford, Tessier Lavigne Organizations: Stanford, Service Locations: Wall, Silicon

☆ Tour de France: Huge crash on stage 15
▼ + stars: | 2023-07-16 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Crashes in the Tour de France are commonplace, but a pile-up during Sunday’s Stage 15 was particularly eye-catching as a number of riders fell after a fan apparently tried to take a picture. Eurosport commentary during live coverage of the race said a spectator had caused a rider to be put off balance. The Team Jumbo-Visma rider fell, causing others to follow on a narrow section of a road. You don’t need a phone to create mind-blowing memories.”Around 20 riders fell off their bikes. In 2021, a fan stepped in front of the racing pack holding a cardboard sign, causing dozens of cyclists to crash during the Tour.

Persons: Les, Soleil, Gervais, ”, Dan Lloyd, …, Carlton Kirby, Sepp Kuss, Nathan van Hooydonck, Benoit Tessier, Confidis Organizations: CNN, Tour de France, Sunday’s, Blanc, Eurosport, Jumbo, BBC, Team, INEOS Grenadiers Locations: Saint, cycling’s

☆ Top Wall Street analysts are bullish on these five stocks
▼ + stars: | 2023-07-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Benoit Tessier | ReutersCava GroupFirst on this week's list is the Mediterranean restaurant chain Cava (CAVA), which made a blockbuster public debut last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Stifel analyst Chris O'Cull initiated a buy rating on Cava with a price target of $48. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint. The survey revealed that Services' average revenue per user (ARPU) in the U.S. is $110, which is much higher than Daryanani's global estimate of $81.

Persons: Benoit Tessier, Chris O'Cull, O'Cull, TipRanks, Amit Daryanani, Daryanani, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Hari Organizations: Meta, Inc, Viva Technology, Porte de, Reuters, Cava, Apple, Apple Services, Services, Tigress Financial, TipRanks, Nvidia Semiconductor, Nvidia, US Locations: Porte, Paris, France, Cava, CAVA, U.S, Midwest

REUTERS/Benoit Tessier/File PhotoSummaryCompanies Talks involve potential prepayment accord with carmakersMiner in talks with state-owned companies in Chile over lithiumAIX-EN-PROVENCE, France, July 9 (Reuters) - French mining group Eramet (ERMT.PA) is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. "We're positioning ourselves (in Chile), we have discussions with state-owned companies," Bories said, with the aim to gain potential lithium concessions "in the coming months." Demand for electric vehicles (EVs) has increased as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices. Bories confirmed commodities group Glencore (GLEN.L) was among parties to have expressed interest in helping finance Eramet's lithium production in Argentina. She declined to elaborate further or give the names of the European carmakers involved in the talks.

Persons: Benoit Tessier, carmakers Miner, Christel Bories, Bories, We're, Mathieu Rosemain, Elaine Hardcastle Organizations: REUTERS, carmakers, Manufacturers, Reuters, Thomson Locations: Paris, France, Chile, PROVENCE, Argentina, United States, China, Aix, Provence, South America

☆ Airbus to handle some A380 repairs after wing-spar cracking
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Work on a dedicated "A380 Emirates" inspection facility in the building began in December and the project is due to run until third quarter 2024, according to Force Ouvriere union. "We are supporting inspections on some aircraft in Toulouse," an Airbus spokesperson said. Ground time per jet will depend on findings and repairs, but is "estimated to average about 60 days," the spokesperson added. Airbus data on Friday showed that total orders for the A321neo had topped 5,000 units to become its most-sold model.

Persons: Benoit Tessier, Jean, Luc Lagardere, backdated, Tim Clark, Tim Hepher, David Evans Organizations: Airbus, Paris, REUTERS, Emirates, Engineering Centre, Boeing, Thomson Locations: Le Bourget, Paris, France, PARIS, Toulouse, Emirates

☆ Spirit AeroSystems union workforce approves new contract, ending strike at Kansas plant
▼ + stars: | 2023-06-30 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

REUTERS/Benoit Tessier/File PhotoWASHINGTON, June 29 (Reuters) - Spirit AeroSystems (SPR.N) said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. The deal is a boon for Boeing, which is on the verge of increasing MAX production from 31 jets to 38 jets per month. Boeing Commercial Airplanes CEO Stan Deal said on June 18 the production ramp was set to occur "pretty soon." Although Boeing maintains some buffer inventory, analysts had warned a prolonged strike could have forced the company to slow or stop MAX production. The company has been the source of several high-profile production defects on Boeing jets, such the incorrect installation of a bracket on the 737's vertical tail.

Persons: Benoit Tessier, It's, Craig Martin, Stan Deal, Cowen, Cai von Rumohr, Michel Merluzeau, Valerie Insinna, Sandra Maler, Nick Zieminski, Jamie Freed Organizations: Boeing, International Paris Air, Le, REUTERS, WASHINGTON, International Association of Machinists, Aerospace Workers, U.S, Airbus, IAM's Southern Territory, Boeing Commercial, AIR, Thomson Locations: Le Bourget, Paris, France, Wichita , Kansas, Its Wichita, IAM's Southern, Seattle

☆ Tour de France organisers ready to adapt amid riots
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Cycling - Tour de France - Presentation of the teams in front of the Guggenheim Museum - Bilbao, Spain - June 29, 2023 UAE Team Emirates' Tadej Pogacar during the presentation REUTERS/Benoit TessierBILBAO, Spain, June 30 (Reuters) - Tour de France organisers are ready to adjust to any situation amid the riots that have erupted in the country following the fatal shooting of a teenager by police, race director Christian Prudhomme said on Friday. "We are in constant liaison with the State services and we are following the situation and how it has been evolving," Prudhomme told reporters. "Depending on what happens we will adapt if needed," said Prudhomme. The Tour starts on Saturday from Bilbao and will enter France on Monday with a finish in Bayonne and a start from Dax for the fourth stage on Tuesday. Reporting by Julien Pretot; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier BILBAO, Christian Prudhomme, Prudhomme, Dax, Julien Pretot, Christian Radnedge Organizations: de France, Guggenheim Museum, UAE Team Emirates, State, France, Thomson Locations: Bilbao, Spain, Bayonne

☆ Spirit Aero to continue contract talks with union as strike looms
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit TessierJune 23 (Reuters) - Spirit AeroSystems Inc (SPR.N) said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and announced a strike. Shares of Spirit were up 4.8% in afternoon trade on Friday. The union did not immediately respond to a Reuters request for comment. Reporting by Aishwarya Nair in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Aishwarya Nair, Devika Organizations: Boeing, International Paris Air, Le, REUTERS, AeroSystems, U.S, Airbus, International Association of Machinists, Aerospace Workers, Thomson Locations: Le Bourget, Paris, France, Wichita, Bengaluru

[1/5] Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit TessierSummarySummary Companies Pratt & Whitney sees 'solid progress' in supply chainSays groundings of GTF-powered fleet peaked in H1Airbus eyes post-show deal for 90 jets with Viva AerobusBoeing signs deals with Akasa Air and LuxairPARIS, June 21 (Reuters) - Jet engine maker Pratt & Whitney flagged "solid progress" in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow. Pratt & Whitney President Shane Eddy, who has faced a backlash from airlines over durability problems and a shortage of spare engines, told the air show he was seeing "solid progress" in the supply chain. The European company, and U.S. rival Boeing, continued to sign new deals at the air show. Reporting by Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt & Whitney, Benoit Tessier, Shane Eddy, Planemakers, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Pratt &, International Paris Air, Le, REUTERS, Viva, Boeing, Akasa Air, Luxair, Jet, Pratt, Whitney, Paris Airshow, Reuters, Airbus, Viva Aerobus, Air India, Raytheon Technologies, Aircraft, Airbus A330neo, Thomson Locations: Le Bourget, Paris, France, Luxair PARIS, Mexican, India

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars. The planemaker is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier, Le Bourget, Emmanuel Macron, planemakers, there's, Pieter Elbers, flynas, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Airbus, Defence, Indian, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Saudi, Bloomberg, Rafale, Eurofighter, Thales, Qantas, Viva Aerobus, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, PARIS, Britain, India, Ukraine, Belgium, Franco, Spanish, Indonesia

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit TessierPARIS, June 19 (Reuters) - The Paris Airshow opened on Monday with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport. France's Thales (TCFP.PA) announced a contract from Indonesia for 13 long-range air surveillance radars. On the commercial side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Airbus is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier PARIS, Le Bourget, Emmanuel Macron, France's, planemakers, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Farnborough, French Rafale, U.S, Rafale, Eurofighter, France's Thales, Airbus, . Industry, Qantas, Viva Aerobus, Boeing, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, Britain, Belgium, Franco, Spanish, Ukraine, Indonesia

THE HAGUE, June 7 (Reuters) - Judges at a U.N. war crimes court ruled that elderly Rwandan genocide suspect Felicien Kabuga is unfit to stand trial but said slimmed-down legal proceedings in his case can continue, in a decision published on Wednesday. "The trial chamber finds Mr. Kabuga is no longer capable of meaningful participation in his trial," a decision published on the Hague court's website said. "It is simple: when a person is deemed unfit for trial, then the court case should end and that person should go home," he said. Kabuga has denied the charges of genocide and crimes against humanity. Prosecutors say Kabuga promoted hate speech through his broadcaster, Radio Television Libre des Milles Collines (RTLM), and armed ethnic Hutu militias.

Persons: Felicien Kabuga, Kabuga, Emmanuel Altit, Eric Emeraux, Felicien, Benoit Tessier, Prosecutors, Stephanie van den Berg, Charlotte Van Campenhout, Jason Neely, Andrew Heavens Organizations: HAGUE, Hague, Office, Reuters, REUTERS, Radio Television Libre, United Nations, Thomson Locations: France, Paris, Hague, United, Rwanda

After receiving $145 million from Binance.US's operator by 2021, Sigma Chain spent $11 million on buying a yacht, the SEC complaint said, without elaborating. It is unclear from the SEC complaint how much money Zhao is alleged to have drawn from Merit Peak and Sigma Chain. The SEC also said Zhao used Merit Peak to direct more than $16 million to fund Binance's purportedly independent U.S. affiliate Binance.US. Binance used its BUSD holdings to meet customer withdrawals by selling them for dollars as needed, Reuters reported in May. The SEC complaint also identified Binance Labs, a venture capital arm of Binance, as part of the exchange's plan to increase demand for BNB.

Persons: Zhao, Binance, Benoit Tessier LONDON, Changpeng Zhao, John Reed Stark, Stark, Binance's, Angus Berwick, Tom Wilson, Lisa Barrington, Hadeel Al, Elisa Martinuzzi, Alexander Smith Organizations: Viva Technology, Porte de, REUTERS, Binance, Securities and Exchange Commission, SEC, Swiss, Sigma Chain, Reuters, Silicon, Internet, Futures Trading Commission, U.S . Justice, Reuters Graphics, Silvergate Bank, Merit, Sigma, Binance Labs, Thomson Locations: Porte, Paris, France, Binance, U.S, Virgin Islands, Dubai, London, Hadeel Al Sayegh

☆ Gauff charges past Schmiedlova into quarter-finals
▼ + stars: | 2023-06-05 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +1 min

[1/5] Tennis - French Open - Roland Garros, Paris, France - June 5, 2023 Coco Gauff of the U.S. in action during her fourth round match against Slovakia's Anna Karolina Schmiedlova REUTERS/Benoit TessierPARIS, June 5 (Reuters) - Last year's French Open runner-up Coco Gauff overcame an early wobble to outclass Slovakian Anna Karolina Schmiedlova 7-5 6-2 and reach the quarter-finals, where she could face a potential rematch with holder Iga Swiatek. Gauff won her previous clash with Schmiedlova in Madrid last year, dropping only two games, and the American made a quick start again with a break in the opening game to pull away and leave her 100th-ranked opponent facing an uphill task. The 19-year-old Gauff tightened her grip in the next set, working the angles and deploying the drop shot to devastating effect as she closed out the victory without any more drama. Gauff will now await the winner of the fourth round match between world number one Swiatek and Ukraine's Lesia Tsurenko. Reporting by Shrivathsa Sridhar in Paris; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Coco Gauff, Slovakia's Anna Karolina Schmiedlova REUTERS, Benoit Tessier PARIS, Slovakian Anna Karolina Schmiedlova, Iga Swiatek, Gauff, Shrivathsa Sridhar, Ken Ferris Organizations: Slovakian, Thomson Locations: Paris, France, Madrid, American

☆ Russian Kasatkina feeling bitter after being booed at French Open
▼ + stars: | 2023-06-05 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

[1/5] Tennis - French Open - Roland Garros, Paris, France - June 4, 2023 Russia's Daria Kasatkina gestures at the net after losing her fourth round match against Ukraine's Elina Svitolina REUTERS/Benoit TessierPARIS, June 5 (Reuters) - Russian Daria Kasatkina said she left the French Open with a bitter taste in her mouth after being booed off by the crowd following her fourth-round defeat against Ukraine's Elina Svitolina on Sunday. Svitolina had said she would not shake hands with Russian or Belarusian players at Roland Garros because of Russia's invasion of her country. Kasatkina has been one of very few Russian players to speak out against the war, calling it "a full nightmare". Geopolitics have been at the centre of this year's French Open, with Aryna Sabalenka of Belarus skipping her post-match press conference twice, saying she felt unsafe after being grilled about the war. Last week, two-time French Open champion Novak Djokovic started a controversy after writing on a camera lens "Kosovo is the heart of Serbia" amid unrest in the region.

Persons: Roland Garros, Daria, Ukraine's Elina Svitolina REUTERS, Benoit Tessier PARIS, Daria Kasatkina, Ukraine's Elina Svitolina, Svitolina, Kasatkina, Zemfira, I’ve, Elina, Aryna Sabalenka, Novak Djokovic, Julien Pretot, Angus MacSwan Organizations: Moscow, Russian, Twitter, Thomson Locations: Paris, France, Belarusian, Belarus, Russian, Ukraine, Kosovo, Serbia

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