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☆ US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Earlier this month, Exxon proposed to buy Pioneer Natural Resources (PXD.N) for $60 billion and Chevron agreed to acquire Hess (HES.N) for $53 billion. The Democratic Senate leader said in a letter that the two of the largest oil and gas deals of this century are "likely to harm competition." Chevron and Exxon have accumulated huge profits from strong energy prices and demand since Russia's invasion of Ukraine. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell (SHEL.L), BP (BP.L) and France's TotalEnergies (TTEF.PA) merged with rivals to create huge integrated companies. The acquisitions followed a collapse in oil prices that weakened many companies.

Persons: Dado Ruvic, Charles Schumer, Hess, Schumer, France's, Tanay Dhumal, Arunima Kumar Organizations: ExxonMobil, Pioneer, REUTERS, U.S, Wednesday, U.S . Federal Trade Commission, Exxon Mobil, Chevron Corp, Exxon, Natural Resources, Chevron, Democratic, Shell, BP, FTC, Big, Thomson Locations: Ukraine, United States, Bengaluru

In London, girls in a playground are told they are "stinking Jews" and should stay off the slide. In China, posts likening Jews to parasites, vampires or snakes proliferate on social media, attracting thousands of "likes". She was describing what was in the minds of those behind antisemitic incidents. The most chilling antisemitic incident globally was the storming of an airport in Russia's Dagestan region on Sunday by an enraged crowd looking for Jews to harm after a flight arrived from Tel Aviv. Rabbi Alexander Boroda, president of Russia's Federation of Jewish Communities, said in response that anti-Israeli sentiment had morphed into open aggression towards Russian Jews.

Persons: Anna Gordon, Anthony Adler, Adler, Nonna Mayer, France's, Israel, Mayer, Rabbi Alexander Boroda, Shneor Segal, Akiva Carr, Layli Foroudi, Julia Harte, Chen Lin, Maytaal Angel, Andrew Osborn, Carien du Plessis, Steven Grattan, Eliana, Wa Lone, Thomas Escritt, Stephanie Van Den Berg, Estelle Shirbon, Angus MacSwan Organizations: REUTERS, Russia's Federation of Jewish, Cornell University, Center for Jewish, Thomson Locations: Golders Green, London, Britain, Gaza, Los Angeles, China, Israel, United States, France, Germany, South Africa, Russia's Dagestan, Tel Aviv, Azerbaijan, Caucasus, Buenos Aires, New York, Johannesburg, Western Europe, Dagestan, Wa

One of them said that the cut off point could be closer to 6 billion euros ($6.33 billion). Some analysts had already questioned Renault's hoped-for valuation of up to 10 billion euros, with some suggesting the carmaker should pursue alternative options to raise cash. De Meo said in September that the listing could value Ampere at between 8 and 10 billion euros, above the French carmaker's own current market capitalisation of 9.55 billion euros. Other EV makers have seen their market value fall sharply in recent months. The Ampere IPO would include a mix of Renault's shares and new shares and could happen as early as April 2024, one of the people said, depending on market conditions.

Persons: Gonzalo Fuentes, Ampere, France's, Tesla, Renault's, Luca de Meo, China's Geely, IPOs, De Meo, Bernstein, de Meo, Elon Musk's Tesla, Mathieu Rosemain, Silvia Aloisi, Pablo Mayo Cerqueiro, Gilles Guillaume, Anousha Sakoui, Alexander Smith Organizations: Renault, Viva Technology, Porte de, REUTERS, Reuters, DKV Mobility, HK, Saudi Arabia's Aramco, Nissan, IPOs Renault, EV, Commission, UBS, Barclays, Ampere, Mitsubishi, Thomson Locations: Porte, Paris, France, LONDON, China, Saudi, Europe, Ampere, Elon

☆ Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

[1/2] A logo of French retailer?Casino?is pictured on a shopping trolley outside a?Casino?supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 31 (Reuters) - Debt-burdened retailer Casino (CASP.PA) said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil. Consolidated group net sales fell 5.3% on a same-store basis in the third quarter to 4.562 billion euros ($4.83 billion), the retailer said in a statement. Last week, Casino reported French retail sales fell 5.6% in the third quarter year on year on a same-store basis, reflecting an 18.6% fall in hypermarket sales and an 11.5% fall in supermarket sales. At September-end, Casino's group net debt stood at 6.2 billion euros, of which 5.6 billion euros was in France and 600 million euros in Brazil.

Persons: Stephane Mahe, Daniel Kretinsky, France's, Dominique Vidalon, Tassilo Hummel, Christopher Cushing Organizations: REUTERS, Rights, Consolidated, Casino, Thomson Locations: Nantes, France, Brazil, Czech

U.S. President Joe Biden holds an event about American retirement economics in the State Dining Room at the White House in Washington, U.S., October 31, 2023. The White House said it had no updates on Biden's travel plans. “President Biden has led and delivered on the most ambitious climate agenda in history, both at home and abroad. Such a deal would be a feather in the Democratic president's cap ahead of a 2024 presidential election where many liberal and younger voters rank climate change as a top issue. Asked if she would attend COP28, a spokesperson for Harris said "we don't have any travel to announce."

Persons: Joe Biden, Leah Millis, “, Biden, ”, Abdel Fattah al, Jordan's King Abdullah II, Emmanuel Macron, Donald Trump, Kamala Harris, Harris, Trevor Hunnicutt, Jeff Mason, Alexander Cornwell, Valerie Volcovici, Heather Timmons, Stephen Coates Organizations: White, REUTERS, WASHINGTON, United Nations, Conference, Republican, Democratic, Association of Southeast Asian Nations, ASEAN, Thomson Locations: Washington , U.S, ABU DHABI, Dubai, United Arab Emirates, Gaza, Jordan, Paris, U.S, Egypt

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.

Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru

☆ For 250 years, US troops could tow their cannons around the battlefield. The war in Ukraine shows they won't have that luxury in the future.
▼ + stars: | 2023-10-31 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

That raises questions for the US military about whether towed guns can stay ahead of the enemy. AdvertisementAdvertisementAs the Ukraine war has proven, the effectiveness of artillery rests on more than its range or the destructive power of its shells. Rolyn KropfThe Ukraine war has featured an array of towed and self-propelled artillery in a variety of calibers and manufactured by numerous nations. Advocates of self-propelled howitzers point to their superior protection and their ability to rapidly displace after firing. However, the US Army's next-generation Extended Range Cannon Artillery will essentially be an upgraded M109A7 Paladin with a more powerful gun.

Persons: —, James Rainey, Tom, Vyacheslav Madiyevskyy, Caesar, Rainey, Michael Peck Organizations: Service, US Army, US Army Futures Command, Association of, United, Washington DC, Spc, British L119, Getty, Publishing, Cannon Artillery, US Army Yuma, US, Artillery, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, United States, Washington, Germany, Russian, British, Sicily, Kharkiv Region, Yuma, Forbes

☆ French government condemns 'disgusting' Marseille fan violence
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

French Interior and Overseas Minister Gerald Darmanin leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 18, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 30 (Reuters) - France's government condemned on Monday "disgusting" weekend violence around the Olympique de Marseille soccer stadium and said nine people had been arrested after visitors Olympique Lyonnais' bus was attacked and their Italian coach injured. Sunday's Ligue 1 match between the arch-rivals of France's south east, who have a history of fan violence, was cancelled. Interior Minister Gerald Darmanin said nine people had been detained so far. Darmanin denied authorities had failed to prepare for the risk, saying 500 police officers were present.

Persons: Gerald Darmanin, Sarah Meyssonnier, Fabio Grosso, Amelie Oudea, Castera, Darmanin, Tassilo Hummel, Sudip Kar, Andrew Cawthorne Organizations: Overseas, REUTERS, Rights, Olympique de Marseille, Olympique Lyonnais, Sunday's Ligue, France, Stade Velodrome, Thomson Locations: Paris, France, France's

☆ What is white hydrogen? Scientists say the clean-energy gas could save the world.
▼ + stars: | 2023-10-29 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

White hydrogen, a newly identified hydrogen source, could eliminate the need for lab production. Because it doesn't require any of these energy-intensive processes, climate experts say white hydrogen could be our saving grace, according to CNN. It's also cheaper: white hydrogen is estimated to cost about $1 per kilogram to produce, while green hydrogen costs about $6 per kilogram, per CNN. AdvertisementAdvertisementSeveral start-ups are already exploring how to commercialize white hydrogen, CNN reported. Ellis told CNN that speed is vital to ensure white hydrogen can help curb the climate crisis.

Persons: —, Jacques Pironon, Phillipe De Donato, Viacheslav Zgonnik, Geoffrey Ellis, Ellis would've, It's, Ellis, Zgonnik Organizations: Service, National, of Scientific Research, CNN, US Geological Survey Locations: France, Mali

PARIS (AP) — President Emmanuel Macron promised on Sunday to enshrine a woman's right to an abortion in the French Constitution by next year. It was the rollback of abortion rights in the United States after the U.S. Supreme Court overturned a 50-year-old ruling last year and stripped women’s constitutional protections for abortion that propelled France on a path toward unconditionally guaranteeing such rights. By presenting its own bill, rather than one originating among lawmakers, Macron can convene a special “congress” of both houses that must adopt the amendment by a three-fifths majority, something that appears doable. The text of the bill to reconcile all sides has been in the works for months. The president said that this coming week it would be sent to the Council of State, France's highest administrative body, a necessary step.

Persons: Emmanuel Macron, Gisele Halimi, Macron, Berengere Couillard Organizations: PARIS, U.S, Supreme, of State, ” Locations: French, France, United States, of Versailles

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. Underlying inflation picked up last month, largely driven by housing costs, a U.S. Commerce Department report showed. The Dow Jones Industrial Average (.DJI) fell 1.12%, the S&P 500 (.SPX) lost 0.48% and the Nasdaq Composite (.IXIC) added 0.38%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed about 1% higher after hitting a fresh 11-month low on Thursday. The yen hit a new one-year low of 150.77 per dollar overnight and was last at 149.59 .

Persons: Brendan McDermid, Jeffrey Roach, Jay Powell, Christine Lagarde, Brent, Lawrence Delevingne, Naomi Rovnick, Stella Qiu, Richard Chang, Alexander Smith, Sandra Maler Organizations: New York Stock Exchange, REUTERS, Global, U.S . Commerce Department, Federal, LPL Financial, Dow Jones, Nasdaq, Intel, Chevron, European Central Bank, Sanofi, . Treasury, Bank of America, ECB, Thomson Locations: New York City, U.S, Charlotte , North Carolina, Asia, Pacific, Japan, Gaza, Boston, London, Sydney

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

☆ Morning Bid: Amazon and goldilocks ride to the rescue
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Unlike the reaction to similarly decent results from some of its Big Tech peers this week, shares in the online retail giant Amazon climbed 5% after hours. And both Nasdaq and S&P500 futures were set to bounce into the weekend later after the cash markets closed at their lowest since May. With nominal U.S. growth running at close to 8%, depending on which inflation gauge you use, the heat is impressive. And even the racy headline GDP growth rate was below many assumptions of a 5%-plus print. That bond relief has perhaps flattered the overnight stocks bounce - although on aggregate the earnings season is pretty decent too.

Persons: Brendan McDermid, Mike Dolan, megacaps, Wang Yi, crumb, Sanofi, TRowe Price, Stanley Black, Decker, CBRE, Christine Lagarde, Jane Merriman Organizations: Chevron Corp, Hess Corp, New York Stock Exchange, REUTERS, Amazon, Big Tech, Nasdaq, Treasury, Federal Reserve, Fed, Big, Exxon Mobil, Chevron, Apple, of Japan, European Central Bank, Britain's NatWest, Financial, Authority, University of Michigan, Colgate, Palmolive, Xcel Energy, Charter Communications, Phillips, Central Bank, European Union Summit, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, United States, China, Syria, Europe, Dallas, Abbvie, LyondellBasell, Brussels

☆ ATP roundup: Andrey Rublev wins in Vienna, lands Finals spot
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Rublev had 21 winners against six unforced errors while reaching the Finals for the fourth straight year. Arnaldi had 19 winners and 11 unforced errors. Croatian wild card Borna Gojo had 22 winners and five unforced errors while upsetting sixth-seeded Tommy Paul 6-3, 6-4. Shevchenko, from Russia, had 40 winners and just eight unforced errors while outlasting third-seeded Taylor Fritz 6-7 (7), 7-6 (6), 7-6 (5). Griekspoor of the Netherlands need just 84 minutes to complete a 6-4, 6-3 win over Australia's Alex de Minaur, the No.

Persons: Andrey Rublev, Russia's Daniil Medvedev, Brendan Mcdermid, Italy's Matteo Arnaldi, Rublev, Arnaldi, Daniil Medvedev, Medvedev, Bulgaria's Grigor Dimitrov, Sinner, Lorenzo Sonego, Gojo, Tommy Paul, Tsitsipas, Tomas Machac, Frances Tiafoe, France's Gael Monfils, Basel Dominic Stricker, Alexander Shevchenko, Tallon Griekspoor, Ugo Humbert, Casper Ruud of Norway, Taylor Fritz, Alex de Minaur, France's Humbert, Nicolas Jarry of, Holger Rune, Argentina's Sebastian Baez, Felix Auger, Botic van de Zandschulp Organizations: Russia's, Russia's Daniil Medvedev REUTERS, Erste Bank, France's Gael, Swiss, Basel, Shevchenko, Denmark, Thomson Locations: Flushing Meadows , New York, United States, Vienna, Croatian, Czech Republic, Switzerland, Stricker, Russia, Netherlands, Nicolas Jarry of Chile, Canada

☆ ATP roundup: Daniil Medvedev headlines day of sweeps at Vienna
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Overall, Medvedev won 28 of 31 first-service points while collecting 16 winners against just three unforced errors. Sinner topped American Ben Shelton 7-6 (2), 7-5; Gojo ousted Russia's Aslan Karatsev 6-3, 6-3; and Monfils downed Daniel Altmaier of Germany 6-4, 6-4. In second-round action, fifth-seeded German Alexander Zverev downed Great Britain's Cameron Norrie 6-2, 6-4, while No. Swiss Indoors BaselArgentina's Tomas Martin Etcheverry rallied to beat Andy Murray of Great Britain 6-7 (5), 6-3, 6-2 in a second-round match at Basel, Switzerland. 4 seed Hurbert Hurkacz of Poland also won his second-round match, sweeping German Jan-Lennard Struff 6-1, 6-4.

Persons: Russia's Daniil Medvedev, Sebastian Korda, Aly, Daniil Medvedev, Frenchman Arthur Fils, Fils, Medvedev, Italy, Borna Gojo, Gael Monfils, Sinner, Ben Shelton, Gojo, Russia's Aslan Karatsev, Monfils, Daniel Altmaier, Alexander Zverev, Britain's Cameron Norrie, Karen Khachanov, Jiri Lehecka, Basel Argentina's Tomas Martin Etcheverry, Andy Murray of, Etcheverry, Murray, Lennard, Casper Ruud, Taylor Fritz, Felix Auger, France's Ugo Humbert Organizations: Shanghai, Sports City Arena, U.S, REUTERS, Erste Bank, Swiss, Basel Argentina's, Thomson Locations: Shanghai, China, Vienna, Croatian, Germany, Russia, Czech, Andy Murray of Great Britain, Basel, Switzerland, Poland

☆ France's Valeo third-quarter sales rise driven by key regions, businesses
▼ + stars: | 2023-10-26 | by ( Pierrejohn Felcenloben | ) www.reuters.com time to read: +2 min

Valeo reaffirmed its full-year guidance of between 22-23 billion euros for sales and an operating margin in the range of 3.2-4% for end of 2023. Original equipment, that is vehicle components fitted by a manufacturer as standard, grew 4% on a like-for-like basis during the quarter. Original equipment represents 85% of Valeo sales. Aftermarket product sales, accounting for 11% of total sales, grew 3% on a like-for-like basis to 569 million euros. North America accounted for 21% of original equipment sales this quarter and recent UAW strikes in the United States have "had a negligible impact" on sales, the company said.

Persons: Sarah Meyssonnier, Valeo, Christophe Périllat, Pierre John Felcenloben, Jane Merriman, Cynthia Osterman Organizations: Valeo, REUTERS, Systems, UAW, Thomson Locations: Paris, France, Valeo, North America, United States

☆ France sends helicopter carrier to support Gaza's hospitals
▼ + stars: | 2023-10-26 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

President Emmanuel Macron said he was sending the helicopter carrier to help Gazans get access to medicines and care. Israel has been bombarding the Gaza Strip since Hamas's attack on Israeli communities on Oct. 7, which it says killed some 1,400 people. Gaza's health ministry says more than 7,000 Palestinians have been killed in the air strikes and thousands more wounded. "The conditions [for providing humanitarian support] have not yet been established. Reporting by Elizabeth Pineau; Editing by Richard Lough and Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Tonnerre, Emmanuel Macron, Gazans, Elizabeth Pineau, Richard Lough, Kevin Liffey Organizations: France's Defence, Gaza, Joint Defence Staff, Thomson Locations: Gaza, Israel, Corsica, Caribbean

[1/3] The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The broader European banking index (.SX7P) fell as much as 2.4% to its lowest in four months by 1017 GMT. Top fallers on the index were Standard Chartered, down 9%, Swedbank (SWEDa.ST), down 7% and BNP Paribas (BNPP.PA), down around 4%. Concerns about China's economic fragility are also hitting some European banks with major operations in Asia. Sabadell (SABE.MC) rose around 3.7% after raising its outlook for 2023 net interest income growth on the back of higher interest rates.

Persons: Peter Nicholls, Chris Hiorns, Banks, Hiorns, Angelo Meda, Meda, Iain Withers, Naomi Rovnick, Joice Alves, Jesus Aguado, Danilo Masoni, Amanda Cooper, John Stonestreet, Toby Chopra Organizations: Chartered, REUTERS, BNP, European Central Bank, Traders, SIM, Sabadell, Thomson Locations: London, Britain, LONDON, Milan, Asia, Madrid

☆ France's Atos posts lower Q3 revenue dragged by Tech Foundations unit
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsOct 26 (Reuters) - French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit. Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities. Atos posted quarterly revenue of 2.59 billion euros ($2.73 billion) for the whole group, down 3% organically and 5.3% on a constant currency basis from 2.82 billion euros last year. It still expects cash burn for the year to be about 1 billion euros.

Persons: Stephane Mahe, Daniel Kretinsky, Yves Bernaert, Atos, Michal Aleksandrowicz, Milla Nissi Organizations: REUTERS, IT, Tech, supercomputing, Thomson Locations: Nantes, France, French, Czech, Eviden, Gdansk

☆ World Cup 2023: Previous World Cup finals
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +5 min

PARIS, Oct 25 (Reuters) - On Saturday, New Zealand take on South Africa in the 2023 Rugby World Cup final at the Stade de France, with both teams hoping to win a record fourth title. Mapimpi scored the first try in the 66th minute, becoming the first Springbok to score a try in a World Cup final, despite South Africa having won two previous titles. The teams had met in the pool stage with South Africa winning 36-0. Fullback Jonathan Webb scored two penalties for England, whose decision to ditch their forward-reliant tactics for an expansive running game backfired. 1987 - NEW ZEALAND 29 FRANCE 9 (AUCKLAND)The All Blacks laid down the marker in the first World Cup final, dominating from start to finish as flyhalf Grant Fox's kicking helped his team gain territory time and again.

Persons: Makazole, Cheslin Kolbe, Handre Pollard, Mapimpi, Richie McCaw, Flyhalf Dan Carter, Beauden Barrett's, Tony Woodcock, Stephen Donald, Percy Montgomery, Francois Steyn, Alain Rolland's, Mark Cueto, England's Jonny Wilkinson, Australia's Elton Flatley, Wilkinson, Matt Burke, Ben Tune, Owen Finegan, Nelson Mandela, Jonah Lomu, Joel Stransky's, Webb Ellis, Tony Daly, Michael Lynagh, Fullback Jonathan Webb, flyhalf Grant Fox's, Michael Jones, David Kirk, John Kirwan, Pierre Berbizier, Rohith Nair, Aadi Nair, Christian Radnedge Organizations: Stade de France, England, Springbok, South, Blacks, Wallabies, Springboks, South Africa, ZEALAND, Fullback, Fox, Thomson Locations: New Zealand, South Africa, ENGLAND, YOKOHAMA, Japan, AUSTRALIA, TWICKENHAM, FRANCE, AUCKLAND, France, PARIS, England, SYDNEY, CARDIFF, Australia, JOHANNESBURG, Bengaluru

☆ Perez to feel the love even if the dream is dashed
▼ + stars: | 2023-10-25 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

"I don't think Max is going to get the warmest reception in Mexico," commented team boss Christian Horner after Verstappen won to boos in Austin last Sunday. Perez, with 'Never Give Up' prominent on a specially-designed helmet for the occasion, remains positive despite a run of poor form. Perez, a winner twice this year, has been off the podium in his previous four outings and beaten by Verstappen in the last 14. Verstappen has won four of the last five Mexican Grands Prix while Perez has been third in the last two. Denmark's Frederik Vesti will take George Russell's Mercedes and Britain's Oliver Bearman replaces Kevin Magnussen at Haas for FP1.

Persons: Sergio Perez, Greenlee Beal, Bull, Max Verstappen, Mexico City's Autodromo Hermanos Rodriguez, Max, Christian Horner, Verstappen, Austin, Perez, Alain Prost, McLaren's Lando Norris, German Nick Heidfeld, Norris, Lewis Hamilton, Hamilton, Jack Doohan, Mick, Isack Hadjar, Theo Pourchaire, Denmark's Frederik Vesti, George Russell's Mercedes, Britain's Oliver Bearman, Kevin Magnussen, Haas, Alan Baldwin, Ed Osmond Organizations: United, Prix, Mexico City's Autodromo Hermanos, Verstappen, Grands Prix, Alpine, FP1, Thomson Locations: United States, Americas, Austin , Texas, U.S, Mexican, Mexico, German, Austin, London

☆ Wembanyama is a talent beyond compare, says Yao
▼ + stars: | 2023-10-25 | by ( Amy Tennery | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 25 (Reuters) - France's Victor Wembanyama possesses a talent that defies comparison, retired great Yao Ming told Reuters, as the seven-foot four-inch (2.24-metre) rookie makes his highly anticipated National Basketball Association (NBA) regular-season debut on Wednesday. "I never see a big guy like, you know, (who) can do such a thing like he does," said Yao, an eight-times NBA All-Star who stands two inches (five cms) taller than Wembanyama. Yao spent his entire NBA career with the Houston Rockets and remains an iconic figure of Chinese sport after fuelling the popularity of the NBA in his home country. The Hall of Famer was reluctant to offer advice to Frenchman Wembanyama, who enters the NBA at a time of unprecedented international participation in the league. "He has his own expedition to go (on)," said Yao, who was travelling to New York as part of a some 30-person Chinese delegation this week.

Persons: Victor Wembanyama, Yao Ming, LeBron James, Yao, Frenchman Wembanyama, I'm, Amy Tennery, Echo Wang, Clare Fallon Organizations: Reuters, Basketball Association, San Antonio Spurs, Texan, Dallas Mavericks, NBA, Houston Rockets, Famer, Thomson Locations: New York

☆ Russia moved one of its satellites uncomfortably close to a French one, possibly to spy on it: report
▼ + stars: | 2023-10-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

Russia moved close to a satellite which some think is Eutelsat's 3B craft, analysts said. It follows a pattern of Russian behavior in space that has prompted security concerns. AdvertisementAdvertisementRussia moved one of its satellites uncomfortably close to France's Eutelsat 3B communications satellite, possibly to spy on it, according to reports. AdvertisementAdvertisementEutelsat's 3B satellite provides broadband, data, telecom, and video services across Europe, Africa, the Middle East, Central Asia, and South America. Luch-5-X/Olymp K-2 isn't close enough to crash into the unnamed commercial satellite.

Persons: —, Audrey Schaffer, TJ Kouri, Schaffer, it's, spacenews.com, Olymp, Michael Clont Organizations: Service, intel, Aerospace, Breaking Defense, Airbus, National Security Council, Analysts, Intelsat, Strategic International, Space Locations: Russia, Russian, France, Europe, Africa, East, Central Asia, South America, Eutelsat's, Ukraine

☆ Double Alps portion on men's Tour menu, women to finish at L'Alpe d'Huez
▼ + stars: | 2023-10-25 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

It will be the first time since 1989 that the last stage of the race will be actually competed. "The last three four days will be very tough because we will be in the mountains," Tour director Christian Prudhomme told Reuters. "We were committed to avoid Paris because of the Olympics," Prudhomme told Reuters. "We went to the Tourmalet last year, we wanted to go to iconic places and L'Alpe d'Huez is part of cycling's history," women's Tour director Marion Rousse told reporters. "It's the toughest stage in Tour de France Femmes history with 4,000m of altitude gain.

Persons: Christian Prudhomme, Marion Rousse, Stephanie Lecocq, L'Alpe d'Huez, Florence, Marco Pantani's, la, Greg Lemond, pip France's Laurent Fignon, Jonas Vingegaard, Prudhomme, L'Alpe, du Glandon, Julien Pretot, Christian Radnedge Organizations: France, Femmes, Rights, Summer, Monaco, Reuters, de, Thomson Locations: Paris, France, Marion, Nice, Italy, Rimini, Massif, Netherlands, Belgium

☆ GE halves LEAP engine delivery growth target for 2024
▼ + stars: | 2023-10-24 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

In an interview, CEO Larry Culp said the company is aiming for a 20% to 25% year-on-year increase in the engine deliveries in 2024, lower than a revised 40% to 45% annual growth this year. Still, hitting the target will not be easy as it requires quarter-on-quarter improvements in the supply chain, he said. LEAP engines, which GE produces in a joint venture with France's Safran (SAF.PA), power the narrowbody aircraft of Boeing Co (BA.N) and Airbus (AIR.PA). It forced GE to trim the delivery growth target for LEAP engines this year by at least 5 percentage points and push out some of the deliveries into 2024 and 2025. But the demand for both aftermarket services and new engine deliveries is so strong that GE and its suppliers need to do more, Culp said.

Persons: Larry Culp mingles, Alwyn Scott, Larry Culp, France's Safran, delinquencies, Pratt, Culp, airframers, " Culp, Rajesh Kumar Singh, Jonathan Oatis Organizations: Electric Co, REUTERS, Rights, General, Reuters, GE, Boeing Co, Airbus, Boeing, Thomson Locations: Tarrytown , New York, U.S

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