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☆ Consumer finance group seeks more privacy in digital euro use
▼ + stars: | 2023-10-03 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

A sculpture of Euro symbol is pictured in front of the European Parliament in Brussels, Belgium, May 2, 2018. REUTERS/Francois Lenoir/File Photo Acquire Licensing RightsLONDON, Oct 3 (Reuters) - Tougher privacy safeguards are needed for using a digital euro online, consumer lobby Finance Watch said on Tuesday, in the latest sign of mounting "Big Brother" concerns policymakers are having to confront. Finance Watch said it accepted that some concessions would have to be made to ensure a digital euro is not used for money-laundering, making full, cash-like anonymity of digital payments difficult to achieve. Nevertheless, as drafted, the proposed EU law gives higher levels of privacy to offline use of a digital euro stored in a customers "wallet", Finance Watch said. "While the proposed approach to offline transactions goes a long way towards offering cash-like privacy, a higher level of privacy and data protection should also be applied to small, low-value online transactions," Finance Watch said.

Persons: Francois Lenoir, Mairead McGuinness, Huw Jones, Mark Potter Organizations: REUTERS, Finance, European Central Bank, Federal Reserve, Bank of England, European Commission, Finance Watch, Big Tech, EU, The Bank of England, Thomson Locations: Brussels, Belgium, EU

Dealing with illegal migration has been a point of contention and unity in central Europe. Illegal migration was a key issue in elections in Slovakia last weekend, and in elections in Poland later this month. Slovakia has faced a rising number of illegal migrants crossing as they head to Germany and western Europe. Slovakia said last month the number of detained illegal migrants had soared nine fold, to more than 27,000 this year. "In recent weeks, we detected and detained 551 illegal migrants at the border with Slovakia.

Persons: Radovan, Vit Rakusan, Gerhard Karner, spillover, Robert Fico, Fico, Mariusz Kaminski, Kaminski, Jason Hovet, Jan Lopatka, Pawel Florkiewicz, Anna Wlodarczak, Francois Murphy, Andrew Heavens, Ed Osmond, Deborah Kyvrikosaios Organizations: REUTERS, Slovakia Czech, Austrian, Justice, Poland, Thomson Locations: Czech, Slovak, Stary Hrozenkov, Germany, Czech Republic, Slovakia, Austria, PRAGUE, WARSAW, Poland, Europe, Hungary, Vienna, East, Afghanistan, Serbia, Prague, Warsaw

☆ HMD starts making Nokia phones in Europe, launches 5G smartphone
▼ + stars: | 2023-10-03 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Oct 3 (Reuters) - HMD Global, which makes Nokia-branded phones, has become the first major smartphone company to manufacture devices in Europe with its first made-in-Hungary 5G model, aimed at data security-conscious customers, now available for purchase. "We are thrilled to be manufacturing the Nokia XR21, our signature rugged 5G smartphone, in Europe," HMD Global co-founder, chairman and CEO Jean-Francois Baril said on Tuesday. Before HMD opened its Hungarian operations, Europe had no large-scale smartphone manufacturing as major companies like Apple and Samsung make their phones in Asia to keep costs down. HMD signed an exclusive 10-year licensing agreement with Nokia Oyj (NOKIA.HE), once the world's largest phone maker, in 2016 to make Nokia-branded smartphones and tablets. The Nokia XR21 European edition is priced from 649 euros, or 549 pounds, the company said.

Persons: Brendan McDermid, Jean, Francois Baril, HMD, Baril, Paul Sandle, Bernadette Baum Organizations: Nokia Corporation, New York Stock Exchange, REUTERS, Nokia, Apple, Samsung, U.S ., European Union, Thomson Locations: New York City, U.S, Europe, Hungary, Asia, China, Finland

☆ Euro zone inflation fell to 4.3% in September, lowest level since October 2021
▼ + stars: | 2023-09-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Fresh fruit on display at a produce stall inside a covered market in central Madrid, Spain, on Wednesday, Aug. 30, 2023. Annual inflation in the euro zone cooled to its lowest level since October 2021, falling to 4.3% in September, flash figures showed Friday. The bank's most recent macroeconomic projections for the euro area anticipate inflation will average 5.6% this year, falling to 3.2% in 2024 and 2.1% in 2025. Annual price rises in Germany, the biggest euro zone economy, remain well above target at 4.3%, as it also struggles with an economic contraction. Estimates from Eurostat, the EU's statistics agency, put headline inflation harmonized across euro zone nations at 5.6% in France and 3.2% in Spain for September, as Slovakia and Slovenia suffer with inflation of 8.9% and 7.1%.

Persons: —, Francois Villeroy de Organizations: European Central Bank, ECB, CNBC, Eurostat Locations: Madrid, Spain, Germany, France, Slovakia, Slovenia

☆ Inviting a former Nazi to Zelenskyy's speech was 'deeply embarrassing' to all Canadians, Trudeau says
▼ + stars: | 2023-09-26 | by ( Azmi Haroun | Associated Press | ) www.businessinsider.com time to read: +5 min

Still, Trudeau has not called for speaker Anthony Rota to resign, and Rota is also resisting the calls. Peter Julian, the New Democratic Party House leader, and Bloc Quebecois leader Yves-Francois Blanchet both said Anthony Rota should step down. "This is something that is deeply embarrassing to the Parliament of Canada and by extension to all Canadians." "I think it's going to be really important that all of us push back against Russian disinformation and continue our steadfast unequivocal support for Ukraine," Trudeau said, per the BBC. "It's been deeply embarrassing for Canada, and I think it was deeply embarrassing for the president of Ukraine," said Gould, who is a descendent of Holocaust survivors.

Persons: Justin Trudeau, Trudeau, Anthony Rota, —, Peter Julian, Yves, Francois Blanchet, Julian, Yaroslav Hunka, Volodymyr Zelenskyy, Rota, Hunka, Zelenskyy, Simon Wiesenthal, Dmitry Peskov, Peskov, Vladimir Putin, Pierre Poilievre, Will, Karina Gould, It's, Gould, Daria Litvinova Organizations: Service, Nazi, New Democratic Party House, Bloc Quebecois, Kremlin, Liberal Party, BBC, Politico, 1st Ukrainian, Ukrainian, Waffen, SS, SS Galicia Division, Waffen Division, Simon Wiesenthal Center, Holocaust Studies, Ukraine, Liberal, Conservative, Canada, Hunka, Associated Press Locations: Canada, Ukrainian Nazi, Rota, Ukrainian, Moscow, Ottawa, SS Galicia, Ukraine, Tallinn, Estonia

☆ Enbridge C$4.6 bln equity sale raises hopes for Canada market revival
▼ + stars: | 2023-09-26 | by ( Maiya Keidan | ) www.reuters.com time to read: +3 min

"I think there is evidence out there that for the right transaction for the right reasons, investors will show up," said François Carrier, co-head of Desjardins Capital Markets. But not many dealmakers are expecting a rush of supply with an uncertain macroeconomic environment still keeping secondary equity markets volatile. The shares dropped well below their first-day high, potentially limiting a comeback in Canadian equity capital raisings and IPOs. "We do not have enough data to declare the IPO market open. Our own view is that we are still 12 to 18 months away from a robust IPO market," he added.

Persons: Dado Ruvic, Carrier, We're, we're, Enbridge's, Jeff Hershenfield, Stikeman Elliott, Stephen Pincus, Goodmans, John McKenzie, Neil Selfe, Maiya, Bernadette Baum Organizations: REUTERS, Rights, Dominion Energy, Desjardins Capital Markets, Arm Holdings, Capital Markets, TMX, Thomson Locations: IPOs, Canada, Unite States, Toronto, Klaviyo, raisings

☆ Yen falls to fresh 11-month low against dollar, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. EURO FACES GROWTH FEARSThe euro edged 0.1% lower to $1.0633, moving towards a six-month low of $1.0615 touched on Friday against a stronger dollar.

Persons: Florence Lo, Kazuo Ueda, Esther Reichelt, Nick Rees, we've, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Alun John, Ed Osmond, Bernadette Baum Organizations: U.S, REUTERS, Commerzbank, Federal Reserve, FX, Monex, SBB, European Central Bank, Bank, Thomson Locations: Japan, Swedish, Monex Europe, London

☆ Strong dollar sends yen to 11-month low, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. In the broader currency market, the dollar steadied after last week's gains as the Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen was last flat at 148.38 per dollar after falling to its lowest level of 148.49 per dollar since late October. "It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now". The dollar index , which on Friday touched an over six-month high, firmed at 105.64 and was last 0.1% higher.

Persons: Florence Lo, Kazuo Ueda, Ueda, Esther Reichelt, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Rae Wee, Ed Osmond Organizations: U.S, REUTERS, Bank of Japan, Federal Reserve, European Central Bank, Bank, Thomson Locations: Japan, London, Singapore

☆ Some soft commodity prices are surging, adding to consumer woes
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Futures contracts on orange juice, live cattle, raw sugar and cocoa each hit their highs for the year this month. The higher prices add another layer of pain to consumers' wallets at a time when stubborn core inflation, excluding food and energy, stood at 4.3% in August. The juice futures market reached a record $3.50 per pound this month. Meat prices have been driven by shrinking U.S. cattle herds, continued beef demand, plus higher input costs for labor and fuel. Shoppers are bearing the brunt of the higher prices as the world's largest food companies try and pass along their rising input costs.

Persons: Paul Caruso, It's, Darwei Kung, Kung, François, Xavier Roger, Grame David Pitkethly, Ben, Jerry's, Pitkethly, We've Organizations: Ancora, U.S, U.S . Department of Agriculture, Shoppers, Barclays Consumer Staples Conference, Barclays, Unilever Locations: Florida, Brazil, Mexico, India, Thailand

☆ Morning Bid: Fed's hawkish pause keeps pressure on markets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The euro zone central bank also struck a relatively dovish tone. But markets will have plenty of material to pore over this week as they try to glean future Fed moves. In the euro zone, ECB President Christine Lagarde kicks off a string of speeches and remarks this week. Markets are expecting that the euro zone's central bank is done hiking.

Persons: Jonathan Ernst, Brigid Riley, Neel Kashkari, Christine Lagarde, Francois Villeroy de Galhau, Isabel Schnabel, Fed's Neel Kashkari, Edmund Klamann Organizations: . Federal, REUTERS, Brigid, Brigid Riley Investors, Global, Federal Reserve, U.S, Minneapolis, China, HK, ECB policymaker, Bank of France, ECB, Thomson Locations: Washington, U.S, Europe, Britain, Switzerland, Japan, China, Hollywood

☆ Criticism of European Central Bank is unwarranted, says Bank of France's de Galhau
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCriticism of European Central Bank is unwarranted, says Bank of France's de GalhauFrançois Villeroy de Galhau, governor of the Bank of France and ECB member, discusses his current perspectives on the European Central Bank's monetary policy.

Persons: Galhau Organizations: European Central Bank, France's, Bank of France, ECB, Central

☆ ECB needs to be cautious about doing too much on rates - Villeroy
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker//File Photo Acquire Licensing RightsPARIS, Sept 25 (Reuters) - The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of the economy, ECB policymaker Francois Villeroy de Galhau said on Monday. The ECB raised its main interest rate to a record high 4% this month after 10 successive hikes, but signalled a pause in October. Villeroy said that the risk of doing too much - and possibly triggering a recession - and the risk of doing too little were now symmetrically balanced after the string of rate hikes. If the ECB did too much, the central bank could run the risk of having to rapidly reverse course, he told a conference at the French central bank, which he also heads.

Persons: Heiko Becker, Francois Villeroy de Galhau, Villeroy, Leigh Thomas, Toby Chopra Organizations: European Central Bank, REUTERS, Rights, ECB, Thomson Locations: Frankfurt, Germany

☆ Betting on a rate cut now is 'premature,' European Central Bank member says
▼ + stars: | 2023-09-25 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

It is "premature" to bet on a cut to interest rates, Francois Villeroy de Galhau, France's central bank governor, told CNBC, as market players consider whether the European Central Bank has reached peak rates. "We should remain at this level for a sufficiently long period of time," he told CNBC's Annette Weisbach exclusively on Monday. "Betting now on the next cut is probably premature." The ECB hiked rates once again earlier this month, bringing its main deposit rate to 4%. The benchmark rate stood at -0.5% in July 2022 before the central bank embarked on an intense rate hiking cycle in an effort to tackle high inflation.

Persons: Francois Villeroy de, CNBC's Annette Weisbach Organizations: CNBC, European Central Bank Locations: France's

☆ Oil price spike does not change European Central Bank's view on inflation, Villeroy says
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Bank of France Governor Francois Villeroy de Galhau delivers a speech during the annual meeting of Small and Medium-sized Enterprises leaders at the Bank of France in Paris, France, October 22, 2021. "Gasoline consumption at the pump represents roughly 5% of our total consumption, so it is a small part of total inflation, even if it is what is most visible," he told France Inter radio. "I will say it again this morning, our forecast and our commitment is to bring inflation towards 2% by 2025," he added. Villeroy also reiterated that ECB rates were at a good level and called for patience. "We have passed the peak of inflation, there even seem to be a turnaround in underlying inflation (...) now we have to be perseverant, keep rates at this level for as long as it takes," he said.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Francois Villeroy de, Villeroy, Patience, Sybille de La Hamaide, Gilles Guillaume Our Organizations: France, Bank of France, REUTERS, Rights, European Central Bank, ECB, France Inter, Brent, Thomson Locations: Paris, France, Saudi Arabia, Russia, Ukraine

☆ Gucci’s new designer Sabato de Sarno makes himself known
▼ + stars: | 2023-09-22 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Yet, if Gucci’s new designer Sabato de Sarno was rattled before he took his bow for the Italian luxury house at Milan fashion week on Friday, he didn’t show it. Where Michele was an overt maximalist with retro references, de Sarno mined the Gucci archive and codes in a more stripped-back way. Oxblood red dominated the collection, inspired by The Savoy hotel in London where Guccio Gucci worked in the late 1800s. The bling was, in fact, a reference to the Marina jewelry collection that appeared in Gucci campaigns in the late 1960s. The rest of the embellished crystal designs were inspired by embroideries de Sarno found on 1960s clutch bags in the Gucci archive.

Persons: Milan, Sabato de Sarno, Alessandro Michele’s, De Sarno, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, Francois, Henri Pinault, Swan, Gucci Ancora ”, ‘, de Sarno, Prada, Gabbana, Valentino, Michele, Jackie, —, Guccio Gucci, Daniele Venturelli, “ Rosso Ancora, ”, Sabato De Sarno, Gucci, Kering, Daria Werbowy, Tom Ford Gucci, embroideries de Sarno Organizations: Milan CNN, Brera, Gucci, Dolce Locations: Milan, ‘, Savoy, London, Naples

"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera

☆ The Magician of Milan
▼ + stars: | 2023-09-20 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +2 min

House Building“I said I wanted to go against the stream of the monovision,” Mr. Blazy said, talking about his initial pitch to Mr. Pinault. He was in his office in the Bottega Veneta headquarters in Milan, wearing a white Patagonia T-shirt and faded jeans. It also explains a lot about how Mr. Blazy approaches not his job, but the world. “I did not open a computer for the last six months,” Mr. Blazy said. Mr. Blazy collects first drafts.

Persons: Blazy, ”, Henri Pinault, Mr, Pinault, Lee, Isa Genzken, “, ” Mr, Hussein Chalayan, Chalayan, Blazy’s Organizations: Kering, Bottega Locations: Bottega, Milan, Patagonia, Chamonix, ”, British

☆ Austria taps Embraer's C-390 aircraft to replace retiring C-130 fleet
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron/File Photo Acquire Licensing RightsVIENNA/SAO PAULO, Sept 20 (Reuters) - Austria plans to replace its retiring C-130 Hercules fleet with Embraer's (EMBR3.SA) C-390 Millenium military transport aircraft, the country's Defence Minister Klaudia Tanner said on Wednesday. Austria is aiming to buy about four aircrafts and is negotiating with the Netherlands on a potential joint order, Tanner told a news conference. Aside from an order for 19 C-390 aircrafts from the Brazilian Air Force, Portugal has ordered five and Hungary has requested two. Analysts at JPMorgan calculated that including the prospective orders from Austria and The Netherlands, the aircraft's potential lifetime sales stand at 35 units, 28 of which are still to be delivered. Shares in Embraer rose 2.85% in early trading on the Brazilian stock exchange, outperforming the Bovespa stock index (.BVSP), which rose 0.8%.

Persons: Klaudia Tanner, Johanna Geron, Tanner, JPMorgan, Francois Murphy, Peter Frontini, Andrew Heavens Organizations: Austria's Defence, Foreign Affairs, Defence, REUTERS, Rights, SAO PAULO, country's Defence, Embraer, Brazilian Air Force, KC, JPMorgan, Sao Paulo, Thomson Locations: Ukraine, Brussels, Belgium, Rights VIENNA, Austria, Netherlands, Portugal, Hungary, Czech Republic, South Korea, India, Sweden, The Netherlands, Vienna, Sao

☆ The summer is over, schools are back, and the data is in: ChatGPT is mainly a tool for cheating on homework.
▼ + stars: | 2023-09-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

When the summer began, ChatGPT traffic suddenly fell. One hypothesis stood out: Millions of students went on summer break, so they didn't need ChatGPT to cheat — er, I mean research. Back when summer began, online search interest in Minecraft jumped, while ChatGPT interest declined. Mark Shmulik, a top internet analyst at Bernstein, made this point at the start of the summer, when usage fell. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT, OpenAI's, they're, François, Mark Shmulik, Bernstein, OpenAI, Shakespeare Organizations: Service, Google Locations: Wall, Silicon, Minecraft

MILAN/PARIS, Sept 19 (Reuters) - Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering (PRTP.PA). De Sarno’s Gucci catwalk presentation – one of the industry’s most highly-anticipated shows this year – will serve as an aesthetic reset for the brand, aimed at reigniting sales, but it is also the first major test of a sweeping overhaul at Kering. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30% stake in fashion label Valentino in July. “We don’t think that a margin reset would be badly received by the market,” said Carole Madjo, analyst with Barclays. Reporting by Mimosa Spencer and Elisa Anzolin Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gucci, Sabato De Sarno, De Sarno’s Gucci, Valentino, Louis, Jean, Francois Palus, Marco Bizzarri, De Sarno’s, Bizzarri, Alessandro Michele, De Sarno's, Sabato De Sarno's, ”, Carole Madjo, Daria Werbowy, Luca Solca, Bernstein, Mimosa Spencer, Elisa Anzolin, Tomasz Janowski Organizations: MILAN, Louis Vuitton, Dior . Group, Gucci, RBC, Barclays, De, Thomson Locations: PARIS, Milan, Kering

☆ Rifle, fur hat, drones: North Korea's Kim returns with gifts from Russia
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +4 min

North Korean leader Kim Jong Un waves as he boards his train at a railway station in the town of Artyom outside Vladivostok in the Primorsky region, Russia, September 17, 2023. Following are some of the items he is bringing back to the "friendship" museum, where gifts received by the North's three generations of leaders are kept. GIFTS FROM RUSSIAAfter his summit with Russian President Putin, Kim received a Russian-made rifle "of the highest quality," according to Kremlin spokesman Dmitry Peskov. Kim received a fur hat from Defence Minister Sergei Shoigu in Vladivostok, where he inspected Russian nuclear bombers, fighter jets equipped with hypersonic missiles and a warship. And Comrade Kim Jong Un liked it,” Matsegora said.

Persons: Kim Jong, Putin, Kim, Dmitry Peskov, Oleg Kozhemyako, Sergei Shoigu, Alexander Matsegora, It’s, Kim Jong Un, ” Matsegora, Yuri Gagarin, Kim Il Sung, Jimmy Carter, Francois Mitterrand, Michael Jordan, Madeleine Albright, Fidel Castro, Propaganda, Kim Dae, Kim Jong Il, Chung, yung, Jack Kim, Lidia Kelly, Gerry Doyle Organizations: REUTERS, Rights, Russian, North, TASS, Moscow, WHO, U.S, Hyundai, Hyundai Group, Thomson Locations: Artyom, Vladivostok, Primorsky, Russia, Russia's Primorsky Krai, Rights SEOUL, Russian, Ukraine, Pyongyang, Russia's, Khasan, North Korea, Paris, North, Cuban, South, North Korean, Seoul, Melbourne

[1/4] A person shops in the poultry section at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canada's five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were difficult discussions with the chains. "They have agreed to support the government of Canada in our efforts to stabilize prices in Canada," Champagne told reporters, without giving details. "We're all committed to finding solutions to stabilize prices ... it's an industry issue.

Persons: Carlos Osorio, Francois, Philippe Champagne, Champagne, Eric La Fleche, We're, It's, Justin Trudeau, Karina Gould, Trudeau, Steve Scherer, David Ljunggren, Bernadette Baum, Bill Berkrot Organizations: REUTERS, Rights, Innovation, Metro, Walmart, Costco, Conservatives, Liberal, Thomson Locations: Toronto , Ontario, Canada, Ottawa, it's

☆ ECB’s Stournaras urges governments to help bring down inflation, Bloomberg reports
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

Central Bank Governor Yannis Stournaras poses for a photo in his office at the bank’s headquarters in Athens, Greece, October 22, 2021. REUTERS/Louiza Vradi Acquire Licensing RightsSept 17 (Reuters) - European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that may well be their peak, Bloomberg News reported on Sunday. “Monetary policy has done its part to fight inflation,” Stournaras told Bloomberg in an interview, adding that now it was up to fiscal policy to "take out some of the heat." “A more restrictive fiscal stance wouldn’t only be a welcome strategic complement to ECB policy but also help improve the credibility of public debt and loosen the nexus with banks,” the Greek central bank chief said. Reporting by Kanjyik Ghosh in Bengaluru Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Central Bank Governor Yannis Stournaras, Louiza, Yannis Stournaras, ” Stournaras, wouldn’t, Stournaras, Francois Villeroy de Galhau, Kanjyik Ghosh, Tomasz Janowski Organizations: Central Bank Governor, REUTERS, Central Bank Governing, Bloomberg, ECB, Thomson Locations: Athens, Greece, reining, Bengaluru

☆ Kylian Mbappé and Real Madrid: Soccer’s never-ending transfer saga
▼ + stars: | 2023-09-17 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +12 min

This, of course, is Kylian Mbappé’s much discussed, potential move from Paris Saint-Germain (PSG) to Real Madrid. The first time Real Madrid came calling for the boy from Bondy was when the forward was just 13 years old. Zinedine Zidane watches on as Mbappé plays against his Real Madrid team in 2019. I mean, that tells you the story through that.”Jude Bellingham (C) and Vinícius Júnior (R) are leading the next generation of Real Madrid stars. “The biggest failure for me would be that Real Madrid didn’t have a plan B if the Mbappé signing didn’t happen,” he adds.

Persons: Germain, Mbappé, Zinedine Zidane, ” Mbappé, ‘ Zidane, ’ ”, Anthony Dibon, Blancos, Emmanuel Macron, Macron, France’s, “, ”, ” France's, Francois Mori, Lindsay Sarah Krasnoff, it’s, Krasnoff, Bleus, –, de Cordée, Anne, Christine Poujoulat, ” Nabil Larbi, Billie Jean King’s, undesirables ’, PSG President Nasser Al, Kirill Kudryavtsev, David Beckham, Ronaldo Nazário, Zidane, Cristiano Ronaldo, Kaká, Florentino Pérez, Álvaro Romeo, Vinícius Jr, Jude Bellingham –, Dani Carvajal, I’m, ” Carvajal, ” Romeo, Romeo, he’s, ” Jude Bellingham, Vinícius, Jorge Guerrero, Merengues, Real, they’ve, Karim Benzema, Joselu Organizations: CNN, Paris Saint, PSG, AS Monaco, Real Madrid, Real, Players ’ Tribune, French national, League, The New York Times, Getty, CNN Sport, peerless, Fifth, Stade de France, Stade France, French, PSG President, City, Spain Real Madrid, Madrid Locations: Paris, Real Madrid, Madrid, Bondy, Spain, France, Fifth Republic, Republic, AFP, Greater Paris, Mbappé, Cameroon, Algeria, Bondy’s, Japan, City of, Spanish, Real, Saudi Arabian, Ittihad

☆ IAEA chief Grossi condemns Iran's 'unprecedented' barring of inspectors
▼ + stars: | 2023-09-16 | by ( Francois Murphy | ) www.reuters.com time to read: +3 min

FILE PHOTO-U.N. nuclear watchdog chief Rafael Grossi attends a press conference during the International Atomic Energy Agency 's (IAEA) 35-nation Board of Governors meeting in Vienna, Austria, September 11, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA, Sept 16 (Reuters) - U.N. nuclear watchdog chief Rafael Grossi on Saturday condemned Iran's "disproportionate and unprecedented" move to bar multiple inspectors assigned to the country, hindering its oversight of Tehran's atomic activities. "These inspectors are among the most experienced agency experts with unique knowledge in enrichment technology," the agency said. "With today's decision, Iran has effectively removed about one third of the core group of the Agency's most experienced inspectors designated for Iran." Iran defended its move and accused the United States, Britain, France and Germany of politicising the IAEA watchdog.

Persons: Rafael Grossi, Leonhard Foeger, Iran's, Grossi, Tehran's, Nasser Kanaani, Francois Murphy, Arshad Mohammed, Mike Harrison, Ros Russell Organizations: International Atomic Energy Agency, Governors, REUTERS, Rights, International Atomic Energy, IAEA, Foreign Ministry, Iranian Government, Agency, U.S . State Department, Thomson Locations: Vienna, Austria, United States, Britain, France, Germany, Tehran, Iran, politicising, Iranian, Washington, Dubai

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