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☆ 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

☆ EV maker VinFast to acquire its battery maker sibling
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The logo of Vinfast is pictured at the 2022 Paris Auto Show in Paris, France October 18, 2022. REUTERS/Stephane Mahe Acquire Licensing RightsOct 11 (Reuters) - Electric-vehicle maker VinFast Auto said on Wednesday it would acquire a 99.8% stake in battery maker VinES from its founder Pham Nhat Vuong as it seeks to ramp up its integration in the production value chain and competitive advantage. Founded in 2017 and starting to make EVs from 2021, VinFast has continuously received financial support from its founder, also Vietnam's richest man. In the short term, however, VinFast's costs are expected to increase for battery R&D and factory operations, the automaker said. After the acquisition, VinFast will acquire all rights and obligations over VinES' assets.

Persons: Stephane Mahe, VinFast Auto, Pham Nhat Vuong, VinFast, Vuong, Thuy, Thuy Le, Akash Sriram, Sriraj Kalluvila, Jonathan Oatis Organizations: REUTERS, VinFast, Vietnam's, Nasdaq, Thomson Locations: Paris, France, Indonesia, VinFast, Bengaluru, Phuong Nguyen, Hanoi

☆ Airbus confirms 55 jet deliveries in September
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 9 (Reuters) - Airbus on Monday confirmed it had delivered 55 aircraft in September, bringing the nine-month total to 488 jets. Deliveries included the first A350 for Air India, part of a batch of six originally sold to Russia's Aeroflot. Air India placed orders for 470 Airbus and Boeing jets earlier this year. Reuters reported last week that Airbus had delivered around 55 aircraft in September, unchanged from the same month of 2022. Airbus sold 23 jets in September, bringing the nine-month order tally to 1,280 jets or 1,241 after cancellations.

Persons: Stephane Mahe, Tim Hepher, Sandra Maler Organizations: Airbus, REUTERS, Rights, Air India, Aeroflot, Boeing, Reuters, Thomson Locations: Toulouse, France

☆ 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

☆ Casino shares suspended, news on debt deal expected soon
▼ + stars: | 2023-10-04 | 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 Acquire Licensing RightsPARIS, Oct 4 (Reuters) - Shares in French retailer Casino (CASP.PA) were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye. On Sept. 29, Casino extended the deadline to Oct. 3, fuelling expectations an announcement was to come this week. The consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares.

Persons: Stephane Mahe, Daniel Kretinsky, Jean, Charles Naouri, Kretinsky, Dominique Vidalon, Tassilo Hummel, Mark Potter, Elaine Hardcastle Organizations: REUTERS, Rights, Casino, Casino's, Thomson Locations: Nantes, France, Czech, France's

☆ Atos unit, ParTec sign deal for Europe's first Exascale supercomputer
▼ + stars: | 2023-10-04 | 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 4 (Reuters) - A Franco-German consortium said on Wednesday it had signed a deal to provide Europe's first Exascale supercomputer, as the region tries to catch up with the United States in next-generation computing. Supercomputers are vastly more powerful than traditional ones, and an Exascale supercomputer can perform one quintillion - or 1,000,000,000,000,000,000 - calculations per second. The 500 million euro ($524 million) deal will see the consortium provide a supercomputer, called JUPITER, for the German Jülich Supercomputing Centre. "JUPITER will have three times the computing capability of Europe’s current most powerful supercomputer", the consortium said, adding it would require the space of about four tennis courts.

Persons: Stephane Mahe, Germany's, Gaëlle Sheehan, Mark Potter Organizations: REUTERS, EuroHPC, EU, supercomputing, Jülich Supercomputing, Thomson Locations: Nantes, France, German, United States, Europe

☆ No restrictions on hijab in Paris 2024 Games' athletes village-IOC
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsBERLIN, Sept 29 (Reuters) - Athletes can wear a hijab in the Paris 2024 Olympic Games athletes' village without any restriction, the International Olympic Committee said on Friday, days after France's sports minister banned it for the host country's athletes. The Olympic body also said it needed to better understand the situation in France and had been in contact with the French Olympic Committee (CNOSF). French Sports Minister Amelie Oudea-Castera said on Sunday French athletes would be barred from wearing a hijab during the Paris Games to respect principles of secularism. The vast majority of the approximately 10,000 athletes at Olympic Games reside in apartments in the Olympic village and share common spaces, including dining halls and recreational areas. There are 32 sports on the programme of the Paris Games.

Persons: Stephane Mahe, Amelie Oudea, Castera, Emmanuel Macron, Karolos, Toby Davis Organizations: Paralympics, Compagnie, REUTERS, Rights, International Olympic, French Olympic, French Sports, Sunday, Paris Games, IOC, Olympic Games, International Federation, United Nations, Thomson Locations: La Guerche, Bretagne, Rennes, Brittany, France, Paris, ”

☆ French authorities approve Apple's software update of its iphone 12
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: 1 min

A man poses with an Apple iPhone 12 in a mobile phone store in Nantes, France, September 13, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Sept 29 (Reuters) - French authorities said on Friday they had approved Apple's AAPL.O software update of its iPhone 12 after a row over radiation levels of the device, which led France to suspend sales of the phones earlier this month. Reporting by Elizabeth Pineau; Writing by Benoit Van Overstraeten; Editing by Dominique VidalonOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Elizabeth Pineau, Benoit Van Overstraeten, Dominique Vidalon Organizations: Apple, REUTERS, Rights, Thomson Locations: Nantes, France

☆ Italy plans to ask Apple to upgrade iPhone 12 software in country -govt source
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

A man poses with an Apple iPhone 12 in a mobile phone store in Nantes, France, September 13, 2023. REUTERS/Stephane Mahe Acquire Licensing RightsMILAN, Sept 15 (Reuters) - Italy plans to ask Apple (AAPL.O) to issue a software update for iPhone 12 users in the country, according to a government source, after the U.S. company offered to make similar changes in France to end a row with regulators there over breaches of radiation exposure limits. Reporting by Elvira Pollina in Milan; writing by Josephine Mason; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Elvira Pollina, Josephine Mason, Jason Neely Organizations: Apple, REUTERS, U.S ., Thomson Locations: Nantes, France, Italy, U.S, Milan

☆ German regulator is contact with France on Europe-wide solution over Apple iPhone 12 issue
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

An Apple iPhone 12 is pictured in a mobile phone store in Nantes, France, Sept. 13, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsFRANKFURT, Sept 15 (Reuters) - Germany's telecom network regulator said on Friday it was in touch with French authorities about a Europe-wide solution to radiation concerns with Apple's (AAPL.O) iPhone 12 which prompted France to halt sales of the model this week. The comment came after Apple said it would issue a software update for iPhone 12 users in France to settle the matter. The regulator did not give further detail or say if a solution for the bloc would include a software upgrade. Reporting by Hakan Ersen in Frankfurt; writing by Josephine Mason; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Apple, Hakan Ersen, Josephine Mason, Jason Neely Organizations: Apple, REUTERS, Rights, Thomson Locations: Nantes, France, Europe, Frankfurt

☆ All Blacks rout Namibia 71-3 in Toulouse deluge
▼ + stars: | 2023-09-15 | by ( Lawrence White | ) www.reuters.com time to read: +4 min

The All Blacks' discipline continues to be an issue even in games like this one where they are in complete control. They conceded 11 penalties to Namibia's seven, as well as seeing de Groot given a red card for a high shot. Namibia left slightly worse off than the 71-9 margin when these sides met in the last World Cup. The crowd were on their feet to applaud Malan as he raised a fist from his stretcher on the way off, defiant amid disaster. Reporting by Lawrence White and Nick Mulvenney, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, de Groot, McKenzie, Namibia's Malan, Cam Roigard, Flyhalf Damian McKenzie, Ethan de Groot, I'm, Allister Coetzee, Winger Caleb Clark, Samisoni Taukei'aho, Ofa Tuungafasi, Beauden Barrett, Swanepoel, bayed, Namibia Le Roux Malan, Coetzee, Malan, Lawrence White, Nick Mulvenney, Pritha Sarkar Organizations: Rugby Union, Rugby, de Toulouse, Blacks, Leicester Fainga'anuku, New, Italy, Uruguay, Thomson Locations: Zealand, Namibia, Toulouse, France, TOULOUSE, New Zealand

☆ SocGen equity strategists upbeat on S&P 500 near-term, cautious into 2024
▼ + stars: | 2023-09-12 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

SocGen on Tuesday raised its S&P 500 price target for the end of 2023 to 4,750 from 4,300. In the coming months, calls for a recession will be "deleted/delayed," the SocGen equity strategists said in a report. "We believe the S&P 500 will be the ‘last man standing’, in terms of defending its returns," the strategists said in the report. SocGen gave an S&P 500 target of 3,800 for the second quarter of next year, saying they expected a "shock" to the index "likely driven by a contraction in U.S. consumer spending." Such a yield move would push the S&P 500 back to 4,000, the strategists said.

Persons: Stephane Mahe, SocGen, Lewis Krauskopf, Sharon Singleton Organizations: Societe Generale, REUTERS, Generale, Japan's Nikkei, Treasury, Thomson Locations: Nantes, France, U.S, Europe, China

☆ SocGen and Brookfield to launch private debt fund
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

The logo of Societe Generale bank is pictured on an office building in Nantes, France, March 16, 2023. REUTERS/Stephane Mahe/file photo Acquire Licensing RightsPARIS, Sept 11 (Reuters) - French lender Societe Generale (SOGN.PA) and asset manager Brookfield Corp (BN.TO) plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the next four years, they announced on Monday. Initial seed funding, which will be directed towards the power, transportation and finance sectors among others, amounts to 2.5 billion euros, the companies said. The fund "will have a positive impact on the real economy", SocGen Chief Executive Slawomir Krupa said in a press release. ($1 = 0.9319 euros)Reporting by Tassilo Hummel Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Slawomir Krupa, Tassilo Hummel, David Goodman Organizations: Societe Generale, REUTERS, Rights, Brookfield Corp, SocGen, Thomson Locations: Nantes, France

CNN —Public schools in France have been turning away students for breaking a new national ban on the abaya, a long, robe-like garment often worn by Muslim women, as a rights group filed an appeal against the prohibition. A total of 67 girls returned home rather than remove their abayas, Education Minister Gabriel Attal told CNN affiliate BFMTV on Tuesday. The ban has its legal foundation in a law passed in 2004 banning the wearing of “conspicuous” religious symbols in schools. “They say that the abaya is a religious dress, but it’s not at all, it’s not a religious dress, it’s a traditional dress, it’s a dress that all girls wear, both veiled and non-veiled, and so it’s a bit of a problem,” she said. French President Emmanuel Macron has defended the ban, saying it is not “stigmatizing” anyone but “people who push the abaya” are.

Persons: Gabriel Attal, Attal, Musulmans, Vincent Brengarth, ”, Stephane Mahe, Brengarth, Nabil Boudi, it’s, Luke, Julie, Denis, Emmanuel Macron, Hugo Travers, Macron Organizations: CNN — Public, CNN, BFMTV, State Council, Reuters, ADM, Agence, France Presse Locations: France, France’s, Nantes, Villette, Lyon, Paris, Seine

A Renault wallbox charging station is used by a Renault Captur hybrid car at a dealership in Les Sorinieres, near Nantes, France, October 23, 2020. Chinese EV makers, including BYD (002594.SZ), Nio (9866.HK) and Xpeng (9868.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales. The arrival of Chinese EV makers in Europe has raised concerns they will undercut local carmakers and dominate EV sales. Mercedes-Benz (MBGn.DE) will present its CLA compact class and BMW (BMWG.DE) its Neue Klasse, both of which target higher range and efficiency, while halving production costs. Volkswagen (VOWG_p.DE) CEO Oliver Blume told reporters that through its partnerships in China, the carmaker aims to cut battery cell costs by 50%.

Persons: Stephane Mahe, Luca de Meo, De Meo, Fabian Brandt, Oliver Wyman, Gilles Le Borgne, Oliver Blume, " Blume, Nick Carey, Victoria Waldersee, Gilles Gillaume, Christina Amann, Friederike Heine, Clarence Fernandez, Sharon Singleton Organizations: Renault, REUTERS, China EV, Reuters, HK, Europe's EV, EV, Jato Dynamics, Benz, BMW, Klasse, Volkswagen, Greenpeace, Protesters, Thomson Locations: Les Sorinieres, Nantes, France, China, MUNICH, BYD, Europe, Munich, Asia

☆ Munich car show shines spotlight on China competition in EV race
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

A Renault wallbox charging station is used by a Renault Captur hybrid car at a dealership in Les Sorinieres, near Nantes, France, October 23, 2020. About 41% of exhibitors at this year's event are headquartered in Asia, with the number of Chinese companies having more than doubled, including players across batteries and EV production such as BYD, CATL and XPeng. "Europe needs to stop being naive from a macroeconomic point of view in the face of China," Gilles Le Borgne, Renault's (RENA.PA) engineering head, told journalists on Sunday, pointing to the country's control of the full battery supply chain. Chinese and German players, including top German carmakers and suppliers and China's LeapMotors and Horizon Robotics, will also speak at a Chinese EV conference set for Wednesday and Thursday for the first time outside China as part of the IAA. ($1=0.9273 euros)Reporting by Victoria Waldersee, Gilles Gillaume and Christina Amann; Editing by Friederike Heine and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Gilles Le Borgne, Fabian Brandt, Oliver Wyman, Victoria Waldersee, Gilles Gillaume, Christina Amann, Friederike Heine, Clarence Fernandez Organizations: Renault, REUTERS, Rights, Horizon Robotics, EV, IAA, Mercedes, Benz, BMW, Klasse, Volkswagen, Thomson Locations: Les Sorinieres, Nantes, France, Asia, Europe, China

☆ European car sales rise 15% in July, EVs up nearly 61%
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Electric vehicle sales jumped 60.6%, continuing a rise buoyed by subsidies in a number of European Union countries. Full EVs accounted for 13.6% of all new car sales, up from under 10% in July 2022. Diesel vehicles, which alone comprised more than 50% of new car sales as recently as 2015, accounted for just over 14% of sales in July. Europe's top car seller Volkswagen (VOWG_p.DE) posted a 17.9% increase in sales in July, the ACEA said, while BMW (BMWG.DE) and Renault (RENA.PA) saw sales rise 22.5% and 16.9% respectively. But Stellantis (STLAM.MI), which has struggled with logistics problems and car deliveries in Europe, posted a 6.1% drop in sales in July.

Persons: Stephane Mahe, Nick Carey, Mark Heinrich Our Organizations: Renault, REUTERS, European Automobile Manufacturers Association, Wednesday ., European Union, Diesel, Volkswagen, BMW, Thomson Locations: Les Sorinieres, Nantes, France, EU, Europe's, Europe

☆ Vinfast rallies on after becoming world's third-most valuable automaker
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

The logo of VinFast is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker - only behind Tesla (TSLA.O) and Toyota (7203.T). The stock was on track to add nearly $50 billion to its market capitalization, based on the premarket share price of $90.55. Vinfast expects to sell as many as 50,000 electric vehicles this year, compared with Tesla's projection to deliver 1.8 million cars. To drive sales, Vinfast is breaking away from the direct-to-consumer approach used by Tesla and turning to dealers.

Persons: Stephane Mahe, Pham Nhat Vuong, Tesla, Vinfast, Akash Sriram, Devika Organizations: REUTERS, Toyota, Ford Motor, General Motors, Reuters, P Global Mobility, U.S, Tesla, Thomson Locations: Paris, France, U.S, United States, North Carolina, Bengaluru

☆ Iran directors ridicule suspended jail sentence of filmmaker, producer
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +3 min

The 75th Cannes Film Festival - Photocall for the film "Leila's Brothers" in competition - Cannes, France, May 26, 2022. The Iranian Cinema Directors Association said in an Instagram post that it was “the strangest judiciary sentence in the history of Iranian cinema”. It said the movie, "Leila's Brothers", had been approved by the government and the Iranian government itself had participated at the Cannes festival for years. “Such a strange sentence is a futile attempt to humiliate this young and intelligent filmmaker of Iranian cinema,” the association said. Several independent filmmakers said they saw the sentence as a diversion from the upcoming anniversary of the Sept. 16, 2022 death in custody of Mahsa Amini.

Persons: Saeed Roustayi, Stephane Mahe, Roustayi, Javad Noruzbegi, Mahsa, Mahnaz Mohammadi, Martin Scorsese, Francis Ford Coppola, Scorsese, Frances Kerry Organizations: Cannes, Iranian Cinema, Reuters, Etemad, Thomson Locations: France, Iranian

☆ After stellar debut, Vietnamese EV maker VinFast drops for second straight session
▼ + stars: | 2023-08-17 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The logo of VinFast is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. VinFast had hit an eye-popping valuation of $85 billion on its first day of trading on Tuesday. Shares of other EV firms including Lucid (LCID.O) and Fisker (FSR.N) that listed through blank-check deals have also fallen since their debut. Meanwhile, its lofty valuation could be at risk as it looks to raise more capital over the next 18 months. Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Ford, Pham Nhat Vuong, Rick Meckler, VinFast, Meckler, Medha Singh, Arun Koyyur Organizations: REUTERS, General Motors, Nasdaq, Cherry Lane Investments, Spade, Asia Pacific's, VinFast's, Thomson Locations: Paris, France, New Jersey, Asia, Bengaluru

Shares of dedicated EV maker VinFast, which merged with special purpose acquisition company (SPAC) Black Spade, surged on their Nasdaq debut on Tuesday. Other EV SPAC deals, including Lucid (LCID.O), which Black Spade used as the basis of its initial $23 billion valuation of VinFast, have seen their shares tumble after listing. Lucid is valued now at under $15 billion, nearly 40% less than its $24 billion SPAC valuation in 2021. Through the first seven months, it has sold over 16,000, including its sales in Vietnam. The Tesla Model Y is almost $7,000 cheaper than VinFast's VF8 after including federal subsidies.

Persons: Stephane Mahe, Black Spade, Pham Nhat Vuong, David Mansfield, Le, Thuy, VinFast, Vuong, Mansfield, AlixPartners, Tesla, Kevin Krolicki Organizations: REUTERS, Rights, Nasdaq, Ford, General Motors, Tesla, VinFast, VinFast's, EV, U.S ., Thomson Locations: Paris, France, Rights HANOI, U.S . West Coast, Vietnam, United States, Haiphong, North Carolina, China

☆ Fisker to add Tesla's EV charging connector by 2025
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. REUTERS/Stephane MaheAug 15 (Reuters) - Electric vehicle startup Fisker (FSR.N) said on Tuesday it signed a deal with Tesla (TSLA.O) to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercharger network by 2025. A plethora of automakers, including Ford Motor (F.N) and General Motors (GM.N), are moving away from the standard Combined Charging System (CCS) connector to Tesla's previously proprietary charging design, which is set to dominate the industry. Fisker said its vehicles made 2025 onwards will have the NACS port for charging, while other customers can use an adapter to access Tesla's 12,000-strong network of public fast chargers in the U.S. and Canada. Tesla's recent deals represent major strides in displacing a rival standard, CCS, that earlier exclusively had the backing of President Joe Biden's administration.

Persons: Stephane Mahe, Fisker, Joe Biden's, Akash Sriram, Shweta Agarwal Organizations: Fisker, REUTERS, Tesla, Ford, General Motors, CCS, Thomson Locations: Paris, France, U.S, Canada, United States, Bengaluru

They said that the state law, signed by Republican Governor Brad Little in March, illegally discriminates on the basis of gender identity and violates students' right to privacy. Idaho's bathroom bill allows students to sue schools for $5,000 if they encounter a transgender student in a bathroom the law forbids. That effectively puts a "bounty" on transgender students and encourages others to search them out, the lawsuit said. The new law says schools must provide a "reasonable accommodation" for transgender students unwilling or unable to use their assigned bathroom. Federal courts have been divided on school policies requiring transgender students to use the restroom corresponding to their birth sex, with the Richmond, Virginia-based 4th U.S.

Persons: Queen Mary, Stephane Mahe, David Nye, Peter Renn of, Raul Labrador, Rebecca Roe, Brad Little, Brendan Pierson, Jonathan Oatis Organizations: Justice, REUTERS, U.S, District, Peter Renn of Lambda, Republican, Circuit, Appeals, Thomson Locations: Brittany's, Rennes, France, Idaho, Richmond , Virginia, Virginia, Atlanta, Florida, New York

FILE PHOTO-A woman walks past a Credit Agricole logo outside a bank office in Reze near Nantes, France, May 12, 2021. The results boosted Credit Agricole SA's (CAGR.PA) stock, which was up by about 5% at 0817 GMT, making it the best performer within France's blue-chip index CAC 40 (.FCHI). Helping the positive sentiment, the investment vehicle of the mutual banks that control Credit Agricole said it would spend 1 billion euros on the bank's shares, further tightening its grip on the lender. The vehicle currently owns 60.2% of Credit Agricole SA and said it had no intention to go beyond 65%. Degroof Petercam has client assets of 71 billion euros, while Indosuez said it had assets under management of 130 billion euros at the end of 2022.

Persons: Stephane Mahe, Degroof, France's, JP Morgan, Degroof Petercam, Indosuez, Xavier Musca, Musca, Mathieu Rosemain, Geert de Clercq, Piotr Lipinski, Ingrid Melander, Augustin Turpin, Alexander Smith Organizations: REUTERS, Agricole, CAC, PARIS, Credit Agricole, Credit Agricole SA, Royal Bank of Canada, Barclays, Credit Agricole's, Indosuez, KBC, Thomson Locations: Reze, Nantes, France, Belgian

☆ 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

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