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☆ U.S. men's national soccer team names Mauricio Pochettino next coach
▼ + stars: | 2024-09-10 | by ( Rudy Chinchilla | Rudy Chinchilla Is A Breaking News Editor For Nbc News Digital. | ) www.nbcnews.com time to read: +7 min

He's coached soccer greats Lionel Messi and Kylian Mbappé — and now Mauricio Pochettino will be taking the helm of the U.S. Men’s National Team, ending the high-profile search for the person to lead the team into the 2026 World Cup on home soil. “I am so excited to become the new head coach of [the] U.S. men’s national team. The men’s national team is coming off a stinging and humbling experience at this summer’s Copa America, which was also played in the U.S. Pochettino and the U.S. Men’s National Team now find each other at perhaps a perfect — or imperfect — time. The Copa America laid bare some glaring deficiencies, including at center-back, full-back and even goalkeeper, long a position of strength for the national team.

Persons: He's, Lionel Messi, Kylian, Mauricio Pochettino, “, Pochettino, Germain, Emma Hayes, Mauricio, Cindy Parlow Cone, should’ve, Gregg Berhalter, Christian Pulisic, Robin Alam, Matt Crocker, Crocker, he’s, Harry Kane, Paris Saint, who’d, Todd Boehly, Christian, Weston McKennie, Tim Weah, Folarin Balogun, it’s Organizations: Men’s, men’s, Argentine, Chelsea, Tottenham Hotspur, Paris Saint, . Soccer, Copa America, CONCACAF Nations League, AC Milan, USMNT Sporting, TNT, Southampton, Tottenham, Premier League, Spurs, Champions League, Liverpool, League, PSG, French Super, Clearlake Capital, U.S, Men’s National Team, CONCACAF Locations: U.S, England, Paris, France, Netherlands, Italy, Mexico, Canada, Southampton, London, Pochettino’s, Chelsea

☆ Kylian Mbappé savors ‘incredible day’ as he is unveiled as a Real Madrid player
▼ + stars: | 2024-07-16 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Kylian Mbappé was officially unveiled as a Real Madrid player in front of tens of thousands of fans at the Santiago Bernabéu on Tuesday. Los Blancos announced last month that the club had signed Mbappé to a five-year deal, ending the French superstar’s seven-year stint at Paris Saint-Germain. This has been a highly-anticipated moment for Real Madrid fans, who have long been hopeful of seeing the 25-year-old – rated among the best current players in the world – wear their club’s famous white jersey. “It’s an incredible day for me, incredible,” the forward told those inside the stadium. Also on Tuesday, Real announced that Mbappé had successfully completed his medical at the Hospital Universitario Sanitas La Moraleja in Madrid.

Persons: Kylian Mbappé, Santiago Bernabéu, Los Blancos, Mbappé, Germain, Luciano Pavarotti’s, ”, Vinícius Jr, Jude Bellingham, “, footballs, Juan Medina, Cristiano Ronaldo, “ I’m, ‘ Hala, Zinedine Zidane Organizations: CNN, Real, Santiago, Paris Saint, Real Madrid, Reuters, PSG, AS Monaco –, League, eventual, Spain, ‘, Hala, Hospital Universitario Sanitas La Locations: Real Madrid, European, Mbappé, Santiago, France, ‘ Hala Madrid, Hala Madrid, Madrid

☆ After French Election, Voters Are Resigned to Cost-of-Living Crisis
▼ + stars: | 2024-07-11 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

Celine Gallois is more careful these days about what she puts in her shopping basket. The cost to fill up the gas tank of her small car jumped to €90 a week from €60. And Ms. Gallois’s electricity bills, which President Emmanuel Macron’s government had capped during an energy crisis last year, shot up again last month after the subsidy ended. All of this led her to cast a vote for Marine Le Pen’s far-right National Rally party for the first time during France’s parliamentary elections this weekend. “People are struggling, and there seems to be no relief in sight,” said Ms. Gallois, her frustration clear as she wandered through an artisanal market in the northern French city of Beauvais with her fiancé, but refrained from buying.

Persons: Celine Gallois, Emmanuel Macron’s, ”, Gallois, they’ve Locations: French, Beauvais

☆ France scores late winner against Belgium in gritty victory to reach Euro 2024 quarterfinals
▼ + stars: | 2024-07-01 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —France scored a late winner to book its spot in the Euro 2024 quarterfinals thanks to a hard-fought 1-0 victory against Belgium on Monday. Franck Fife/AFP/Getty ImagesA tight affairFrance started more confidently in Düsseldorf, dominating possession early on, though Les Bleus was unable to meaningfully trouble Koen Casteels in the Belgium goal. Eventually Domenico Tedesco’s Belgium team was able to get a foothold in the game, with captain Kevin De Bruyne’s freekick almost sneaking in. France players celebrate with their fans after scoring the only goal of the game to beat Belgium and advance to the quarterfinals of Euro 2024. Nothing but respect for how that Slovakia team played tonight.”This story has been updated with additional information.

Persons: Randal Kolo, Jan Vertonghen, Kylian Mbappé –, Vertonghen, Kolo Muani’s, Kolo Muani's, Franck Fife, Les Bleus, Koen Casteels, Domenico Tedesco’s, Kevin De Bruyne’s, Marcus Thuram, Jules Koundé, Aurélien, Kenzo Tribouillard, Tchouaméni, Casteels, Thuram, Didier Deschamps’s, Belgium’s Yannick Carrasco, Mike Maignan, Theo Hernández, Romelu Lukaku, Maignan, Clive Mason, Jude Bellingham Organizations: CNN — France, Belgium, France’s, Getty, France, UEFA, Slovakia, Sunday, European, Slovakian Locations: Belgium, France, Portugal, Slovenia, Frankfurt, Vertonghen, AFP, Düsseldorf, Domenico Tedesco’s Belgium, England, Bellingham

☆ Kylian Mbappé officially joins Real Madrid from Paris Saint-Germain
▼ + stars: | 2024-06-03 | by ( George Ramsay | Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Real Madrid announced the signing of French superstar Kylian Mbappé on a five-year deal on Monday, ending one of the longest-running transfer sagas in soccer. Mbappé’s move from Paris Saint-Germain comes two days after Real won a record-extending 15th European Cup with victory over Borussia Dortmund, adding further star quality to the team’s attack. Mbappé wrote on social media shortly after the announcement was made that the move was “a dream come true.”“So happy and proud to join the club of my dream @Real Madrid,” he said alongside a photo of himself when he was younger in a Madrid jacket. He played more than 300 games for the club, scoring his 250th goal in March and winning the Ligue 1 title a month later. But that could change at Real Madrid, with Los Blancos boasting unprecedented success in the competition, having won six European crowns over the past 10 years.

Persons: Kylian Mbappé, Germain, Vinícius Jr, Jude Bellingham, Mbappé, ”, Hala, – Mbappé, Blancos, Neymar Jr, Real, –, Frenchman Organizations: CNN — Real Madrid, Paris Saint, Real, Borussia Dortmund, Jude Bellingham –, PSG, Ligue, –, AS Monaco –, League, France, Real Madrid, Monaco, Mbappé, Real – Locations: Paris, Madrid, Hala Madrid

☆ Kylian Mbappé breaks part of net with powerful goal as he’s hailed ‘No. 1 player in the world’
▼ + stars: | 2024-03-06 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

The 25-year-old’s double led the French side to a 2-1 victory over Real Sociedad in San Sebastián, Spain, giving it a 4-1 victory on aggregate over the two legs of their round-of-16 clash. Such was the power of his goal that the strike actually broke the net, leaving a hole behind between post and net. Mbappé doubled PSG’s lead on the night and effectively finished off the tie 11 minutes after halftime with another trademark goal. Mbappé scores PSG's second goal against Real Sociedad. Alvaro Barrientos/APAlthough Mikel Merino scored late on to give Real Sociedad some consolation, the evening was all about Mbappé and his excellent outing.

Persons: Kylian Mbappé, Germain, Mbappé, Alejandro Remiro, Alvaro Barrientos, Mikel Merino, “ We’re, ”, ” Mbappé, Luis Enrique lauding, ” Enrique, France’s, Mbappé –, Harry Kane, Erling Haaland, Rio Ferdinand, “, … Mbappé, don’t, Mbappé’s, ’ ”, Owen Hargreaves, Thierry Henry, Ronaldo Nazario, Hargreaves Organizations: CNN, Paris Saint, Champions League, Real Sociedad, PSG, Real Madrid, Bayern Munich, Manchester United, TNT Sports, France Locations: Paris, San Sebastián, Spain, –, England

☆ French superstar Kylian Mbappé decides to join Real Madrid after PSG contract expires, per reports
▼ + stars: | 2024-02-03 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

According to ESPN, Mbappé has not informed PSG or Real Madrid of his decision but is expected to make an announcement next week. CNN has reached out to PSG, Real Madrid and Mbappé’s representation for comment. Paris St Germain's Kylian Mbappé in action with Newcastle United's Anthony Gordon on November 28, 2023. Sarah Meyssonnier/ReutersMbappé, for his part, has flirted with Real Madrid year after year. “My father received a call from someone at Real Madrid, inviting me to come to Spain for a training session over the holiday break,” Mbappé told The Players’ Tribune.

Persons: Kylian, he’s, Germain, Le, Mbappé, –, de Cordée, “, ” Mbappé, David Beckham, Ronaldo Nazário, Zidane, Cristiano Ronaldo, Kaká, Germain's Kylian, Newcastle United's Anthony Gordon, Sarah Meyssonnier, Zinedine Zidane, ‘ Zidane, ’ ” Organizations: CNN, Real Madrid, Paris Saint, PSG, Le Parisien, ESPN, Real, AS Monaco, peerless, Madrid swirled, The New York Times, ”, Blancos, Newcastle, Reuters, Players ’ Tribune Locations: French, Paris, Real Madrid, ” Real Madrid, Spain

☆ France's Casino is looking to sell more supermarkets, Les Echos reports
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 27 (Reuters) - Heavily indebted French supermarket group Casino (CASP.PA) is preparing to sell more supermarkets to Intermarche, a unit of Groupement Les Mousquetaires, or even put its remaining stores for sale to the highest bidder, daily Les Echos said in its Monday edition. Casino already received expressions of interest for its remaining 291 supermarkets, including 60 franchises, and 52 large-scale hypermarkets, the daily said. It warned last week of likely 2023 losses for its core French business due to a slower-than-expected turnaround at its hypermarkets division. Candidates for a takeover must submit their offer by Wednesday, Les Echos said. Reporting by Sybille de La Hamaide and Claude Chendjou; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Les, Les Echos, France's, Daniel Kretinsky, Sybille de La Hamaide, Claude Chendjou, David Gregorio Our Organizations: REUTERS, Rights, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, Czech

☆ Atos shares plunge as nationalisation calls threaten planned Kretinsky deal
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 23 (Reuters) - Atos (ATOS.PA) shares plunged on Monday after calls from opposition lawmakers for the nationalisation of the ailing IT firm on national security grounds raised doubts about a planned deal involving Czech billionaire Daniel Kretinsky. Asked by Reuters if the government was considering nationalisation, or could support an amendment to do so, a finance ministry source replied "no". Lawmakers from Les Republicains said the deal threatened to allow French supercomputers, made by Atos and used for virtual nuclear tests, to fall into foreign hands. Others, including Brun, have said critical Atos components were also used in combat systems used by France's navy and air force. Atos had also won a contract to process data for the Paris 2024 Olympic Games.

Persons: Atos, Sarah Meyssonnier, Daniel Kretinsky, Olivier Marleix, Socialist Philippe Brun, Philippe Brun, Jean, Pierre Mustier, Les Republicains, Brun, Leigh Thomas, Mathieu Rosemain, Tassilo Hummel, David Holmes Organizations: REUTERS, Rights, Les Republicans, Socialist, Atos, Reuters, supercomputing, Paris, National Assembly, Thomson Locations: Paris, France

☆ French retailer Casino agrees initial deal to sell stake in Exito Group
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A logo of French retailerÊCasinoÊis pictured outside aÊCasinoÊsupermarket in Nantes, France, July 27, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 16 (Reuters) - Indebted French supermarket chain Casino (CASP.PA) said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito (IMI.CN) to Grupo Calleja. Casino's board on Friday approved a pre-agreement to sell its entire stake in Almacenes Exito to Grupo Calleja, a leading grocery retailer in El Salvador, it said. Casino is in the midst of a restructuring after years of debt-fuelled acquisitions had brought it to the verge of default. The price per share may be reduced by extraordinary dividend distributions, asset transfers or similar transactions made by Exito, Casino added in a statement.

Persons: Stephane Mahe, Almacenes, Exito, Sudip Kar, Olivier Sorgho, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Grupo Calleja, Casino, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, El Salvador, Almacenes

☆ French retailer Casino finalises rescue deal led by Czech tycoon
▼ + stars: | 2023-10-05 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 5 (Reuters) - French supermarket group Casino (CASP.PA) said on Thursday that it had finalised a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Czech billionaire Daniel Kretinsky. Casino was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rival supermarket operators. It said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors. "Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," Casino CEO and controlling shareholder Jean-Charles Naouri said in a statement.

Persons: Stephane Mahe, Daniel Kretinsky, Jean, Charles Naouri, Naouri, Dominique Vidalon, Sudip Kar, Gupta, Alexander Smith Organizations: REUTERS, Rights, Casino's, Fimalac, Thomson Locations: Nantes, France, Czech

☆ French supermarkets to demand food groups cut prices by up to 5%
▼ + stars: | 2023-09-20 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government has also put pressure on the consumer goods makers to cut prices. "We should probably be able to demand that the big (consumer goods) groups cut prices by between 2% and 5%," he said. Consumer goods firms are likely to face increased pressure across Europe to cut prices, industry experts say. Lawmakers also asked about buying alliances, which some supermarkets use to negotiate prices jointly with peers at the European level, and whether they enable retailers to evade French regulations on pricing.

Persons: Sarah Meyssonnier, Les Mousquetaires, Thierry Cotillard, Cotillard, Mousquetaires, Jan, Alexandre Bompard, Lawmakers, Systeme, Dominique Schelcher, E Leclerc, Philippe Michaud, Miloud, Leclerc, Michaud, Helen Reid, Hugh Lawson Organizations: REUTERS, Unilever, Nestle, Carrefour, Senate, REWE, Thomson Locations: Carrefour, Montesson, Paris, France, Portugal, Spain, Europe, Greece, London

☆ France to let fuel retailers sell below cost in inflation fight, prime minister says
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

PARIS, Sept 16 (Reuters) - The French government plans to temporarily lift a ban on retailers selling road fuel below cost as part of efforts to stem inflationary pressures on households, Prime Minister Elisabeth Borne told newspaper Le Parisien. A renewed surge in pump prices this summer has complicated the government's attempts to curb consumer inflation, with ministers calling on fuel and food industries to cut their margins. TotalEnergies (TTEF.PA) has extended a cap on fuel prices past the end of the year while some supermarket chains have held promotions to sell petrol at cost. "With this unprecedented measure, we will obtain tangible results for the French people, without subsidising fuel," she said in an interview published on Saturday. Regarding food prices, Borne told Le Parisien that companies from November would be required to indicate on labels when they modify the size of a product.

Persons: Elisabeth Borne, Le, Borne, Bruno Le Maire, Le Parisien, Gus Trompiz, Camille Raynaud, Jason Neely Organizations: Finance, Carrefour, Thomson

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

☆ Carrefour uses 'shrinkflation' stickers to pressure PepsiCo, Nestlé and Unilever
▼ + stars: | 2023-09-15 | by ( ) edition.cnn.com time to read: +3 min

French supermarket chain Carrefour has slapped price warnings on products ranging from Lindt chocolates to Lipton Ice Tea to pressure suppliers such as Nestlé, PepsiCo and Unilever to cut their prices. Carrefour is putting stickers on products that have shrunk in size but cost more even though raw materials prices have eased. After a new round of meetings last month, Le Maire said Unilever (UL), Nestlé and PepsiCo (PEP) were among companies not toeing the line on prices. Consumer groups say “shrinkflation” is a widespread practice, which supermarkets like Carrefour are also guilty of in their private label products. The shrinkflation warnings are in all French Carrefour stores, and will last until the targeted suppliers agree to price cuts, Bompais said.

Persons: Stefen Bompais, Alexandre Bompard, Bruno Le Maire, Le Maire, Nestlé, “, Bompais, — Organizations: Carrefour, Lipton, PepsiCo, Unilever, UL, Nestlé, Reuters Locations: France, Swiss, Carrefour

☆ Carrefour sticks price warnings on food to shame suppliers
▼ + stars: | 2023-09-14 | by ( Dominique Vidalon | ) www.reuters.com time to read: +3 min

PARIS, Sept 14 (Reuters) - French supermarket chain Carrefour (CARR.PA) has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks. After a new round of meetings last month, Le Maire said Unilever, Nestle and PepsiCo were among companies not toeing the line on prices. But Carrefour's move to name and shame suppliers marks an escalation in the war of words between retailers and big multinationals. The shrinkflation warnings are in all French Carrefour stores, and will last until the targeted suppliers agree to price cuts, Bompais said. Le Maire said last month consumer goods companies and retailers had agreed to bring forward annual price negotiations - which would normally have taken place next year - to September.

Persons: Bompais, Alexandre Bompard, Bruno Le Maire, Le Maire, Dominique Vidalon, Richa Naidu, Helen Reid, Silvia Aloisi, Richard Chang Organizations: Carrefour, Lipton, Nestle, PepsiCo, Unilever, Finance, Thomson Locations: France, Carrefour, Paris, London

☆ Swan, a French embedded-finance startup, just raised $39.2 million using this 15-slide pitch deck
▼ + stars: | 2023-09-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Paris-based Swan has raised $39.2 million in Series B funding from Lakestar. Founded in 2019, the company offers banking-as-a-service and embedded finance products via an API. The startup will use its new funding to expand into new European markets. Swan, a banking-as-a-service fintech startup, has raised $39.2 million in new funding, which it plans to invest into its expansion into new European markets. Paris-based Swan provides a banking-as-a-service (BaaS) and embedded finance platform allowing companies to offer banking services to their customers.

Persons: Swan Organizations: Carrefour Locations: Paris, Lakestar

☆ European retailers risk dressing-down from investors as consumers flinch
▼ + stars: | 2023-09-11 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.

Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain

☆ Morning Bid: Apple and dollar roil markets
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 24, 2023. The broader U.S. tech sector also took a hit, while shares of several major Apple suppliers in Asia slid on Friday. Against a basket of currencies, the dollar is set to clock an eighth straight week of gains. A Reuters poll of forex strategists suggests that the dollar's strength will be difficult to overcome for most major currencies by the end of the year. The pan-European STOXX 600 index (.STOXX) has fallen for seven straight days, its worst string of losses since February 2018.

Persons: Ankur Banerjee, presales, Kim Coghill Organizations: REUTERS, Staff, Ankur, Apple, Huawei Technologies, U.S, Casino, Reuters, Thomson Locations: Frankfurt, Germany, China, Asia, Paris

☆ France announces more food price caps in effort to curb inflation
▼ + stars: | 2023-08-31 | by ( Joseph Ataman | ) edition.cnn.com time to read: +2 min

Paris CNN —The number of price-capped products in French supermarkets will double to 5,000, finance minister Bruno Le Maire said Thursday, as data revealed another month of double-digit food inflation. Speaking to French broadcaster France2, Le Maire also criticized several multinational companies, including Unilever (UL) and PepsiCo (PEP), for not doing enough to help French consumers. The price caps, agreed with producers and distributors, aim “to definitively break the spiral of food prices,” he said, noting that the affected products made up around a quarter of a typical supermarket’s offerings. In June, Le Maire said 75 top food companies had agreed to cut prices on hundreds of products from July in line with declines in raw material costs. According to provisional data released by the country’s statistics institute Thursday, French food prices rose 11.1% this month compared with a year ago, less than they did in July but still more than double the rate of overall inflation.

Persons: Bruno Le Maire, France2, Le Maire, “, ”, ” Le Maire, Olesya Dmitracova Organizations: Paris CNN, Unilever, UL, PepsiCo, Nestle

☆ French lawmakers raise strategic concerns over Atos sale to Kretinsky
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File PhotoPARIS, Aug 3 (Reuters) - Talks to sell parts of French company Atos (ATOS.PA) to Czech billionaire Daniel Kretinsky are raising concerns among some French lawmakers, who say the deal risks undermining the independence of France's nuclear deterrence. Lawmakers cannot block a sale of a French company, only the government can if it considers there is a strategic reason for doing so. The lawmakers questioned why an alternative French buyer, a consortium of French companies Astek and ChapsVision, who were reported in French media to have been interested, were not given more consideration. A source close to Astek said Atos's cybersecurity business also hosted other sensitive assets crucial to French intelligence interests.

Persons: Stephane Mahe, Daniel Kretinsky, Atos, Thursday's, Figaro, Cedric Perrin, Kretinsky, Perrin, Astek, Atos's, Michel Rose, Mathieu Rosemain, Sharon Singleton Organizations: REUTERS, Les, Kretinsky, Casino, Reuters, Thomson Locations: Nantes, France, Czech, Europe

☆ Kylian Mbappé: Saudi Arabian club submits world record bid superstar
▼ + stars: | 2023-07-24 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Saudi Arabian soccer club Al Hilal has submitted a world-record bid of over $332 million (300 million euros) for Paris Saint Germain (PSG) striker Kylian Mbappé, according to multiple reports on Monday. CNN has reached out to PSG, Al Hilal and Mbappé’s representatives for comment. The current world record fee is $262 million (€222 million) when Neymar moved from Barcelona to PSG in 2017. Al Hilal reached both the FIFA Club World Cup and the AFC Champions League finals last season. Last month, the Saudi Public Investment Fund (PIF) announced that Al Hilal was one of four Saudi clubs that have been transformed into companies, each of which is owned by PIF and non-profit foundations for each club.

Persons: Al Hilal, Kylian Mbappé, Neymar, Mbappé, Nasser Al, Khelaifi, Luis Enrique, “, ” Al, doesn’t Organizations: CNN, Al, Paris Saint Germain, PSG, Saudi, FIFA Club, AFC Champions League, Saudi Public Investment Fund, Sovereign Wealth Fund, French Locations: Saudi Arabian, Japan, Al Hilal, Barcelona, Paris, French, Saudi Arabia, Spanish, Real Madrid

☆ Kretinsky to install former Metro and Lactalis exec at Casino if offer succeeds, Les Echos reports
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 9 (Reuters) - Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro (B4B.DE) and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino (CASP.PA), should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday. Kretinsky could not immediately be reached for comment outside working hours. Kretinsky's offer is valid until Monday. It faces a rivalling offer led by telecoms maverick Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari, which Casino said had also been extended to the same day. Reporting by Tassilo Hummel; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Kretinsky, Philippe Palazzi, Les Echos, Kretinsky, Palazzi, Xavier Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Tassilo Hummel, Lisa Shumaker Organizations: Metro, LinkedIn, Thomson Locations: Czech

☆ Casino extends creditors’ losing streak
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

Casino had previously hinted that it was seeking to restructure the unsecured portion of its debt, worth around 3.6 billion euros, implying that the remaining 4 billion euros of secured debt would remain intact. That implies borrowings of less than 2.7 billion euros, based on analysts’ forecasts compiled by Refinitiv. As a result, between 1 and 1.5 billion euros of the secured debt may also be converted into equity. Casino reckons it needs at least 900 million euros of new money to finance the company’s business plan in the next few years. The winner, who will be the group’s largest shareholder, will then determine whether they can end Casino’s losing streak.

Persons: Daniel Kretinsky, Xavier Niel, Pierre Briancon, crouch, Eli Lilly, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Casino, Refinitiv, Twitter, Thomson Locations: Czech

The pan-European STOXX 600 index (.STOXX) closed 0.7% higher, tracking overnight gains in Wall Street. Shares of Sage Group Plc (SGE.L) gained 5.1% to a 23-year high after J.P. Morgan upgraded its rating on the stock to "overweight" from "neutral". Shares of chip equipment maker ASML Holding (ASML.AS) rose 2.3% while Nordic Semiconductor (NOD.OL) jumped 6.4%, making technology (.SX8P) among the top European sectoral gainers. Semiconductor shares were in focus after a report stated the U.S. was considering new restrictions on exports of artificial intelligence chips to China. Also boosting the STOXX 600, Roche Holding (ROG.S) gained 1.5% after the U.S. health regulator declined to approve Regeneron's (REGN.O) Eylea drug.

Persons: Christine Lagarde, Jerome Powell, what's, Danni Hewson, AJ Bell, Morgan, Hewson, Roche, Morgan Stanley, Christian Klein, Matteo Allievi, Subhranshu Sahu, Sherry Jacob, Phillips, Alex Richardson Organizations: Sage Group, UBS, CS, . Federal, ASML, Nordic Semiconductor, Semiconductor, Carrefour, Credit Suisse, SAP, Thomson Locations: Wall, U.S, China, Swiss, Gdansk, Amruta, Bangalore

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