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☆ Binance CEO reaffirms support for Voyager deal amid SEC pushback
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Zhao Changpeng, founder and chief executive officer of Binance, at the Viva Technology conference in Paris, France June 16, 2022. REUTERS/Benoit TessierMarch 3 (Reuters) - Binance Chief Executive Officer Changpeng Zhao on Friday reiterated support for the exchange's U.S. partner to acquire Voyager Digital, after an earlier tweet indicated he was weighing walking away from the offer. Voyager, a crypto lender which went bankrupt last year, signed an agreement to be acquired by Binance.US in December. But the U.S. Securities and Exchange Commission (SEC) and the New York Department of Financial Services later opposed the deal. "We are still in support of the deal and helping returning funds to users as quickly as possible, if allowed to do so," Zhao tweeted.

☆ Givenchy gowns sweep the runway at Paris Fashion Week
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation by designer Matthew M. Williams as part of his Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Givenchy during Paris Fashion Week in Paris, France, March 2, 2023. REUTERS/Benoit TessierPARIS, March 2 (Reuters) - Givenchy creative director Matthew M. Williams focused on dresses at the French fashion house’s fall runway show at Paris Fashion Week on Thursday, sending out a line-up of long, slinky gowns that swept the runway. Layered looks were less present than in previous seasons, though there were a few, mixing brown shearling and slick, black leather. While the models marched to a solemn, electronic beat in a temporary tent at the Ecole Militaire in central Paris, some of the guests were more flamboyant. The show took place on the fourth day of Paris Fashion week, which runs through March 7, and features big name labels including Dior, Saint Laurent, Louis Vuitton Hermes and Chanel.

☆ TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit TessierPARIS, March 1 (Reuters) - French oil company TotalEnergies (TTEF.PA) said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates of Spanish energy company Cepsa (CPF.GQ). The deal covers the purchase of a 20% stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major offshore fields, the statement said. It also covers the purchase of a 12.88% indirect interest in the Mubarraz concession held by Abu Dhabi Oil Company Ltd (ADOC), which comprises four producing offshore fields. ($1 = 0.9374 euros)Reporting by Sudip Kar-Gupta and Jesus Aguado, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Dior spins 1950s styles into modern looks at Paris Fashion Week
▼ + stars: | 2023-02-28 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

[1/6] Models present creations by designer Maria Grazia Chiuri as part of her Fall-Winter 2023/2024 Women's ready-to-wear collection show for fashion house Dior during Paris Fashion Week in Paris, France, February 28, 2023. REUTERS/Benoit TessierPARIS, Feb 28 (Reuters) - Dior designer Maria Grazia Chiuri dove into archives from the 1950s for the French fashion house’s fall women's catwalk show, adding a modern spin to the era's feminine mainstays. Chiuri sought to add a Parisian flair to the styles of the period, which are often associated with American Hollywood productions. Held on the second day of Paris Fashion Week, the show drew crowds of fans angling for a glimpse of Kpop singer Jisoo and actress Charlize Theron, who sat in the front row next to members of LVMH CEO Bernard Arnault's family. Reporting by Mimosa Spencer and Louise Dalmasso, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Benoit Tessier/File PhotoFeb 21 (Reuters) - The world of stablecoins is suddenly looking shaky. "There's way too much demand for dollar-based stablecoins for them to go away," said Alex Miller, CEO at bitcoin developer network Hiro. Market leader tether (USDT) has been a big beneficiary, adding $1.9 billion to its market capitalization to hit $70.3 billion since the news. It now commands 52.6% of the stablecoin market, up from just over 51%. Traders also use these tokens to hedge their positions, and hence dwindling market value is associated with falling liquidity and leverage in the broader crypto market.

☆ KPMG reaches settlement with liquidator of Carillion
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierLONDON, Feb 17 (Reuters) - KPMG said on Friday it has reached a confidential settlement agreement with the liquidator of Carillion, the builder it audited before it collapsed. Carillion collapsed in 2018 under 7 billion pounds ($8.40 billion) of debt, with thousands of jobs lost, leading to government-backed reviews which recommended a shake-up in auditing standards. Liquidators of Carillion last year sued KPMG for 1.3 billion pounds for missing "red flags" during its audits of the construction giant. Carillion was an extreme and serious corporate failure, and it is important that we all learn the lessons from its collapse," KPMG's UK chief executive Jon Holt said in a statement. Britain's auditing watchdog, the Financial Reporting Council (FRC) has yet to announce the outcome of its investigation in KPMG's audits of Carillion.

☆ China imposes sanctions on Lockheed Martin, Raytheon over Taiwan arms sales
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit TessierBEIJING, Feb 16 (Reuters) - China's commerce ministry on Thursday said it put Lockheed Martin Corp (LMT.N) and Raytheon Technologies Corp (RTX.N) onto an "unreliable entities list" over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors. The regulations prohibit Lockheed Martin and Raytheon Missile and Defense Corporation, a subsidiary of Raytheon Technologies, from "engaging in import and export activities related to China", according to the commerce ministry statement. China previously sanctioned the two firms in Feburary last year over a $100-million arms sale to Taiwan, a self-ruled island which Beijing views as a breakaway province. China's foreign ministry at the time said the sale "undermined China's security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan Strait".

Prime Trust made $650 million in wire transfer deposits into the Binance.US account during the quarter, the bank records show. The Binance global exchange, Binance CEO Zhao and Prime Trust did not respond to detailed questions about the transfers. Among the dealers on Binance.US was Merit Peak, according to company messages, the trading firm managed by CEO Zhao. From January to March 2021, the account records show that Merit Peak received 89 transfers from the Binance.US SEN account totalling $404 million. These transfers often immediately followed a deposit into the Binance.US account by Prime Trust, the crypto custodian firm for Binance.US client funds.

☆ Excavators start removing debris in Turkish region hit by earthquake
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

HATAY PROVINCE, Turkey, Feb 13 (Reuters) - Excavators began removing debris from an urban area in Turkey's southern Hatay province that was devastated by last week's massive earthquake, drone footage showed on Monday, as the operation to find survivors started drawing to a close. Several large hydraulic excavators, near the city of Antakya, scraped at piles of masonry or knocked down the tops of teetering concrete buildings, footage showed, with clouds of dust rising from the rubble as slabs of concrete fell. Extractors remove debris from demolished buildings, following the deadly earthquake in Iskenderun, Turkey, February 11, 2023. Some onlookers sat on broken sofas and armchairs from buildings that were opened up by Monday's huge quake, which shattered a swathe of southern Turkey and northwest Syria. Reporting by Christina Fincher; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.

☆ Maps: The devastating earthquakes in Turkey and Syria
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +12 min

Terrain map showing the 7.8- and 7.5-magnitude earthquakes near the eastern border of Turkey and Syria. A woman stands near rubble and damage in Gaziantep, Turkey, Feb. 7, 2023. REUTERS/Firas Makdesi A section of the earthquake damaged D420 road in Demirkopru, Turkey, Feb. 8, 2023. REUTERS/Umit Bektas A man walks past a partially-collapsed building in Pazarcik, Turkey, Feb. 9, 2023. REUTERS/Suhaib Salem People inspect the damage as rescuers search for survivors in Hatay, Turkey, Feb. 8, 2023.

☆ Plight of homeless deepens as Turkey-Syria earthquake toll passes 17,000
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +7 min

The death toll from Monday's quakes, which struck in the early morning, passed 17,000 on Thursday across both countries. It was the biggest natural disaster to strike the region since 1999, when a similarly powerful quake killed more than 17,000 people in Turkey. People, whose relatives are trapped under the rubble, react in the aftermath of a deadly earthquake in Kahramanmaras, Turkey, February 8, 2023. An aerial view shows tents placed at a stadium in the aftermath of the deadly earthquake, in Kahramanmaras , Turkey, February 9, 2023. Syria overwhelmed In Syria, relief efforts are complicated by a conflict that has partitioned the country and wrecked its infrastructure.

☆ Google to soon add generative AI features in search results
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit TessierSTOCKHOLM, Feb 8 (Reuters) - Google (GOOGL.O) said on Wednesday it would soon integrate artificial intelligence (AI) capable of generating text and other content in search results, as it battles to answer the challenge of Microsoft's (MSFT.O) popular AI chatbot ChatGPT. At a launch event in Paris on Wednesday, Google executive Prabhakar Raghavan said so-called generative AI would enable users to interact with information in "entirely new ways". "As we continue to bring generative AI technologies into our products, the only limit to search will be your imagination." Generative AI is used to make human-like creations through code, drawing on vast amounts of data to produce new pieces of text, video, or audio. Google said it would soon allow more developers and partners to test Bard.

☆ In pictures: Rescue teams search debris of a collapsed hospital in Iskenderun, Turkey
▼ + stars: | 2023-02-07 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

A view of the intensive care unit of the Iskenderun state hospital following an earthquake in Iskenderun, district of Hatay, Turkey, February 7, 2023. One of the hospital's surviving physicians, who identified himself only as Dr. Deveci, said he...moreA view of the intensive care unit of the Iskenderun state hospital following an earthquake in Iskenderun, district of Hatay, Turkey, February 7, 2023. One of the hospital's surviving physicians, who identified himself only as Dr. Deveci, said he found the scene at his workplace hard to witness. "I'm devastated. Although I'm used to seeing bodies because of my expertise, it's very difficult for me," he said.

☆ Shipping containers ablaze at Turkey's Iskenderun Port, operations halted
▼ + stars: | 2023-02-07 | by ( Antony Paone | ) www.reuters.com time to read: +3 min

ISKENDERUN, Turkey, Feb 7 (Reuters) - Hundreds of shipping containers were ablaze at Turkey's Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to divert vessels to other ports. Leading global container shipping group AP Moller Maersk said there had been significant damage to logistics and transport infrastructure around the earthquake epicentre, including at the Port of Iskenderun. We are currently planning to divert containers to nearby hubs within operational feasibility or hold at transhipment ports - including Port of Mersin (in Turkey) and Port Said (in Egypt)," it said. [1/3] Smoke rises from burning containers at the port in the earthquake-stricken town of Iskenderun, Turkey, February 7, 2023. German container shipping line Hapag Lloyd said it was taking shipments from Mersin given the closure of Iskenderun.

☆ Doctor says bodies "everywhere" in collapsed Iskenderun hospital
▼ + stars: | 2023-02-07 | by ( Antony Paone | ) www.reuters.com time to read: +2 min

[1/3] People search for survivors at the intensive care unit of the Iskenderun collapsed state hospital following an earthquake in Iskenderun, district of Hatay, Turkey, February 7, 2023. REUTERS/Benoit TessierISKENDERUN, Turkey, Feb 7 (Reuters) - Rescue teams and survivors peered through the twisted remains of an Iskenderun hospital on Tuesday, searching for signs of life a day after a major earthquake struck Turkey and neighbouring Syria. There was little amongst the debris to suggest the building was a busy medical facility less than two days before. "A doctor said there are about 15 people here, including the patients," taxi driver Kerim Sahin said as he looked for a colleague in one part of the hospital. Turkish authorities say more than 12,000 search and rescue personnel are working in the affected areas, plus another 9,000 troops.

☆ Factbox: Renault, Nissan detail joint projects to revive alliance
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

LATIN AMERICAThe four projects to be considered in Latin America include:A new half-ton pick-up, developed by Renault Group and shared with Nissan in Argentina. Renault Group would produce the pick‑ups in Cordoba (Argentina) for both Renault and Nissan. In Mexico, Nissan would produce a new model for Renault Group, making it the first Renault vehicle to be produced there in 20 years. INDIAFor India and export, Renault Group and Nissan would collaborate on several new vehicle projects including new SUVs shared by both Renault Group and Nissan, and a New Nissan car derived from the Renault Triber. Electric vehicle (EV) charging infrastructure: Renault Group and Nissan are considering jointly deploying charging infrastructure in Europe at both Renault Group and Nissan dealerships.

☆ French PM offers to tweak pension overhaul for conservatives backing
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] A general view shows protesters, members of French Socialist party and members of the EELV ecologist party gathering at Place d'Italie during a demonstration against French government's pension reform plan in Paris as part of a day of national strike and protests in France, January 31, 2023. REUTERS/Benoit TessierPARIS, Feb 5 (Reuters) - French Prime Minister Elisabeth Borne offered on Sunday to soften a planned pension overhaul to let some people who started work early also retire early in order to win conservatives support for the reform in parliament. While workers who started to work before 20 would be allowed to continue to leave the workforce early under the reform, Borne said she was open to suggestions from conservatives to extending the measure. "We are going to move by extending the measure for long careers to those who started working at 20 and 21. They will be able to retire at 63," Borne said in an interview with Le Journal du Dimanche Sunday newspaper.

The video game industry also flourished during the COVID-19 pandemic as people increasingly turned to digital entertainment during lockdowns. However, video game music has not always hit all the right notes to be specifically recognized at the Grammys. But game music is breaking ground through technological innovation and new avenues for consumers to experience it. This includes live immersive video game concerts, video game scores across platforms like YouTube,Twitch, TikTok and Fortnite, remixes and collaborations, augmented and virtual reality and even eye-tracking technology. Collaborating with game developers and audio teams informs his ability to write music that can be smoothly integrated into a video game.

☆ French labour minister says raising pensions age is 'non-negotiable' despite mass protests
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit TessierPARIS, Feb 1 (Reuters) - French Labour Minister Oliver Dussopt said on Wednesday that raising the retirement age to 64 was "non-negotiable", a day after more than a million people marched in protest at the proposed measure and a union leader called for rolling strikes. "If we do not go to 64, the pension system will not break even. What is not negotiable is the issue of returning to break-even," Dussopt told France 2 Television. "I believe in rolling strikes. They are playing the tug of war," he told France Inter radio.

☆ Ukraine on mission to ban Russia from Olympics, IOC says sanctions stand
▼ + stars: | 2023-01-31 | by ( Olena Harmash | ) www.reuters.com time to read: +4 min

Vadym Huttsait, 51, a former Olympic fencing champion, told Reuters the idea of allowing Russian and Belarusian athletes to compete as neutrals was unacceptable. Moscow said on Tuesday it would welcome any IOC moves to allow its athletes to compete in the Olympics. But hours later the IOC said it was standing by sanctions imposed against the countries over Russia's invasion. There has been little public support yet from other nations for an outright ban on Russians at Paris. REUTERS/Benoit Tessier'LIVES MORE IMPORTANT THAN MEDALS'The IOC's initial recommendation to ban Russians and Belarusians has been applied by many sports federations.

☆ Exclusive: Sanofi to let go of staff at vaccine plants in India as part of review
▼ + stars: | 2023-01-30 | by ( Leroy Leo | ) www.reuters.com time to read: +3 min

[1/2] Sanofi logo at the company's headquarters during the annual results news conference in Paris, France, February 4, 2022. The drugmaker is offering voluntary retirement scheme (VRS) to all its employees at two sites near Hyderabad, a spokesperson for Sanofi's India unit told Reuters in an email. Sanofi India declined to comment on the number of employees who would be offered VRS. The French company has over 5,000 employees in India, according to its website. Sanofi owns the facilities through Sanofi Healthcare India Pvt Ltd, which was renamed from the erstwhile Shantha Biotechnics.

☆ VIEW Nissan, Renault agree to overhaul alliance, putting themselves on equal footing
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +3 min

"We understand Renault is able to ring fence its own technology within the alliance allowing the firm to collaborate also with other external partners beyond the Renault Nissan alliance. "Overall we welcome this step which will enhance the industrial collaboration within the alliance." JEFFERIES"A re-sized capital structure should help keep the Alliance viable, maintaining synergies and opening up strategic opportunities on both sides. Ultimately it means that a disorderly unwind of the alliance has been avoided which is a positive. "Over the short term, it's possible there may be selling (of Nissan shares) due to a worsening of supply and demand.

☆ Top Wall Street analysts like these stocks for maximum returns
▼ + stars: | 2023-01-29 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To ease the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Nonetheless, Monness, Crespi, Hardt, & Co. analyst Brian White expects the results to be in line with his expectations. (See Alphabet Blogger Opinions & Sentiment on TipRanks) White reiterated a buy rating on the stock with a price target of $135. Feinseth's convictions can be trusted, given his 185th position among nearly 8,300 analysts in the TipRanks database. This apart, his track of 63% profitable ratings, each rating delivering 12.1% average returns, is also worth considering.

☆ Strikes will disrupt public transport in France on Tuesday, minister says
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Clement Beaune, France's Secretary of State for European affairs, speaks at the European Railway Summit in Saint-Denis, near Paris, France, February 21, 2022. REUTERS/Benoit TessierPARIS, Jan 29 (Reuters) - Public transport in France will be heavily disrupted on Tuesday due to labour union strikes protesting the government's planned changes to pension, Transport Minister Clement Beaune said on Sunday. "It will be a difficult, very difficult day for public transport... We expect major disruptions," Beaune said on LCI TV. Unions - including the moderate CFDT union - are united against the reform and have vowed to continue strikes and demonstrations until the government drops its plans. Macron has said he was elected on a platform to reform pensions and that without the changes France's pension system cannot remain financially viable.

[1/2] A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. REUTERS/Benoit TessierJan 25 (Reuters) - Former U.S. President Donald Trump's potential return to Meta Platform's (META.O) Facebook and Instagram is unlikely to change how advertisers spend money with the world's second-largest digital ad company, ad agency executives said. In a blog post on Wednesday announcing Trump's reinstatement, Meta said he will face "heightened penalties for repeat offenses." Trump's reinstatement, however, reinforces long-standing concerns about how social media platforms can ensure that ads don't appear next to content that marketers consider unsuitable, D'Altorio said. Ad spending on Twitter slumped in the last two months of 2022, according to Standard Media Index, which measures ad spending based on data from ad agencies.

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