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☆ France begins nationwide strike amid soaring inflation
▼ + stars: | 2022-10-18 | by ( Juliette Jabkhiro | ) www.reuters.com time to read: +3 min

French students block the entrance of the Lycee Montaigne high school to protest as part of a nationwide day of strike in Paris, France, October 18, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 18 (Reuters) - French trade unions began a nationwide strike on Tuesday, asking for higher salaries amid decades-high inflation and posing President Emmanuel Macron one of his stiffest challenges since his reelection in May. French public railway operator SNCF said that traffic on local connections was down 50% but that there were no major disruptions on national lines. Civil service workers' unions have also called for joining Tuesday's strike, with possible disruptions in schools and other public facilities. The leader of hard-left party La France Insoumise (France Unbowed), Jean-Luc Melenchon, marched alongside this year's Nobel Prize winner for Literature, Annie Ernaux.

☆ Danone to withdraw from Russia with €1 bln write-off
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

French food group Danone logo is seen at the company headquarters in Rueil-Malmaison near Paris, France, February 20, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 14 (Reuters) - French food company Danone (DANO.PA) said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euro ($978 million), the latest costly exit from the country by a global company. "This is the best option to ensure long-term local business continuity", Danone said in a statement, adding the Russian unit accounted for roughly 5% of the group's net sales in the first nine months of the year. Shortly after Russia's invasion of Ukraine in February, Danone had said that all options regarding its local business were on the table. read more($1 = 1.0224 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about the reliability of the probes, and made dozens of safety recommendations from cockpit design to training and search-and-rescue. The relative roles of pilot or sensor error will be key to the trial, exposing differences that insiders say plunged Airbus and Air France into in-fighting behind the scenes for over a decade. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies face trial for "involuntary manslaughter" following an air crash. It's their reputations...that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz.

But France's BEA accident agency also revealed earlier discussions between Air France and Airbus about growing problems with external "pitot probes" that generate the speed readings. We don't want Airbus or Air France to turn this trial into a conference of engineers," said lawyer Sebastien Busy. It is the first time French companies have gone on trial for "involuntary manslaughter" following an air crash. It's their reputations... that's what's at stake for (Air France and Airbus)," said families lawyer Alain Jakubowicz. Rigail expressed "the deepest compassion" after telling the court Air France would never forget its worst-ever accident.

☆ Stellantis and Uber join forces on electric vehicles market in France
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

The logo of Stellantis is seen on a company's building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo FuentesPARIS, Sept 27 (Reuters) - Carmaker Stellantis (STLA.MI) and Uber (UBER.N) announced a partnership along with the company Free2Move to focus on the French electric vehicles market. The companies said in a joint presentation on Tuesday that Free2Move would help Uber in Uber's plans to convert 50% of its fleet of vehicles in France over to electric models. The production and sale of more electric and hybrid vehicles is also a key part of the plans set out in March by Stellantis Chief Executive Carlos Tavares to double Stellantis' overall revenues to 300 billion euros ($288.8 billion) a year by 2030. ($1 = 1.0390 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Gilles Guillaume; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

Shares of Biogen and Eisai were halted, but shares of Eli Lilly & Co , which is also developing an Alzheimer's drug, were up 6.7% in after hours trade. Aduhelm was the first new Alzheimer's drug approved in 20 years after a long list of high-profile failures for the industry. Symptomatic brain swelling was seen in 2.8% of those in the lecanemab group and none of the placebo group, they said. Aduhelm's approval was a rare bright spot for Alzheimer's patients, but critics have called for more evidence that amyloid-targeting drugs are worth the cost. Other plaque-targeting antibodies in late-stage development for Alzheimer's patients include Roche Holding AG's (ROG.S) gantenerumab and Eli Lilly's donanemab.

Globally, the figure could reach 139 million by 2050 without an effective treatment, Alzheimer's Disease International said. Aduhelm was the first new Alzheimer's drug approved in 20 years after a long list of high-profile failures for the industry. read morePatient advocacy groups hailed the news of positive lecanemab trial results. Micro hemorrhages in the brain occurred at a rate of 17% in the lecanemab group, and 8.7% in the placebo group. Aduhelm's approval was a rare bright spot for Alzheimer's patients, but critics have called for more evidence that amyloid-targeting drugs are worth the cost.

☆ Apple files lawsuit against NSO Group, saying U.S. citizens were targets
▼ + stars: | 2021-11-24 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

Nov 23 (Reuters) - Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of U.S. Apple users with its Pegasus spyware. The iPhone maker said it is also seeking to ban NSO Group from using any Apple software, services or devices to prevent further abuse. NSO Group will continue to advocate for the truth," a spokesperson said in a statement. Apple alleged that NSO Group created more than 100 fake Apple ID user credentials to carry out its attacks. Apple said it has so far seen no evidence of NSO's tools being used against Apple devices using iOS 15, the latest version of its mobile operating system.

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