DIRS.INFO The most relevant business & tech news

☆ 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

☆ 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

☆ Fiji prop Koroiduadua ruled out of World Cup, Tuqiri in
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

LYON, Sept 24 (Reuters) - Fiji prop Jone Koroiduadua has been ruled out of the rest of the World Cup by injury and will be replaced in the squad by the uncapped Emosi Tuqiri, the team said on Sunday. Koroiduadua, who plays in Super Rugby Pacific for the Fijian Drua, made his debut off the bench in the warm-up loss to France in Nantes last month. The 26-year-old also featured in Fiji's warm-up win over England but missed out on selection for the first two matches of the tournament proper, the narrow loss to Wales and Fiji's first win over Australia in 69 years. Born in Fiji and raised in Australia, Tuqiri is a big, ball-carrying prop who also plays for the Drua and is a cousin of former Wallabies Lote Tuqiri and Tevita Kuridrani. The 22-year-old former Fiji under-20 international will arrive in France later this week and join the squad as it prepares for the Pool C clash against Georgia next Saturday.

Persons: Jone Koroiduadua, Tuqiri, Koroiduadua, Fiji's, Wallabies Lote Tuqiri, Nick Mulvenney, Hugh Lawson Organizations: Super Rugby Pacific, Fijian, England, Wales, Australia, Wallabies, Georgia, Thomson Locations: Fiji, France, Nantes, Australia

☆ 'It's unfair', Chile coach calls out fixture imbalance after England drubbing
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

LILLE, France, Sept 23 (Reuters) - Coach Pablo Lemoine said Chile never had a chance of competing against England in their World Cup clash on Saturday having never previously played opposition of similar calibre. "I'm not really disappointed, sorry, that's the reality, that's what is happening with the rankings," he said. "I hope that changes because it's not good for the players or for the supporters... the score is completely unfair." Los Condores started brightly, holding England out for 20 minutes and even causing their opponents a few problems with a quickfire passing game. Chile move on to an all-South American World Cup clash against the Pumas of Argentina for their final Pool D match in Nantes next Saturday.

Persons: Pablo Lemoine, Lemoine, I'm, we've, Condores, Henry Arundell, Captain Martin Sigren, Mauroy, haven't, Nick Mulvenney, Clare Fallon Organizations: LILLE, England, Stade Pierre, Canada, USA, Brazil, Pumas, Nantes, Thomson Locations: France, Chile, England, Japan, Samoa, Argentina, Lyon

☆ 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

☆ 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

☆ Ireland thrash Romania 82-8 in sweltering Bordeaux
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

BORDEAUX, Sept 9 (Reuters) - Ireland thrashed Romania 82-8 to get their World Cup campaign started in style in Bordeaux on Saturday, running in 12 tries despite the sweltering heat as the returning Johnny Sexton pulled the strings and centre Bundee Aki ran riot. Romania briefly led against the number one-ranked team in the world, after running back a clearance kick and sending scrum half Gabriel Rupanu clean through to score in the second minute. By the time Sexton walked off to a standing ovation midway through the second half the game was long over as a contest. Aki’s power was also impressive, running perfectly into the gaps and getting his second try six minutes from time to take the Irish tally past the 70-point mark. Ireland next meet Tonga in Nantes next Saturday while Romania return to Bordeaux against South Africa on Sunday, Sept. 17.

Persons: Johnny Sexton, Bundee Aki, Gabriel Rupanu, Jamison Gibson, Hugo Keenan, Tadhg Beirne, Aki, Sexton, Rob Herring, Peter O'Mahony, Joe McCarthy, Rupanu's, Keenan, O'Mahony, Herring, McCarthy, Beirne, David Humphreys, Jack Crowley, Mark Gleeson, Lawrence White, Hugh Lawson Organizations: Ireland, Romania, World, South, Gibson, Namibia, Thomson Locations: BORDEAUX, Bordeaux, Romania, Ireland, South Africa, Scotland, Argentina, Lens, Sydney, Tonga, Nantes

☆ Rugby World Cup 2023: How to watch, teams and star players
▼ + stars: | 2023-09-07 | by ( George Ramsay | ) edition.cnn.com time to read: +10 min

The Stade de France will host this year's Rugby World Cup final. A full list of international broadcasters is available here on the Rugby World Cup website. A total of 20 teams have qualified for this year’s Rugby World Cup and they will compete in four pools of five teams each. “It’s probably the most open Rugby World Cup we’ve seen for a long time,” former England international Ugo Monye told CNN Sport. Antoine Dupont will be a key player for France at this year's Rugby World Cup.

Persons: Etienne, David Rogers, Stan, Clive Mason, Webb Ellis, “ It’s, Ugo Monye, you’ve, Romain Ntamack, Paul Willemse, Cyril Baille, Jonathan Danty, ”, haven’t, – let’s, Stuart Hogg, I’ve, ’, Antoine Dupont, Ntamack, Fabien Galthié, Damian Penaud, Alldritt, Richard Heathcote, – Sam Whitelock, Aaron Smith, Beauden Barrett, Brodie Retallick –, Sam Kane, Dane Coles, Handré Pollard, Jager, Eben Etzebeth, Cheslin Kolbe, Makazole, Johnny Sexton, James Ryan, Tadhg Beirne, Josh van, Owen Farrell, Finn Russell, Hogg, “, ” Russell isn’t, Levani Organizations: CNN, Rugby World, New Zealand, Stade de France, Rugby, Paris, Games, Getty, Blacks, Stade de Marseille, NBC, Stan Sport, ITV, S4C, South, CNN Fiji, England, –, USA, Africa, Africa Ireland Scotland Tonga, C Wales Australia Fiji, Japan, Japan Argentina Samoa Chile Who, – New, CNN Sport, New, Wales, Australia, Ireland, “, Scotland, Tonga’s, France, Blacks ’, Fiji, The Pacific Islanders Locations: France, New, Paris, South Africa, Ireland, Bordeaux, Lille, Lyon, Marseille, Nantes, Nice, Saint, Toulouse, United States, Australia, Sky, New Zealand, England, Argentina, Wales, Scotland, Italy, Georgia, Japan, Tonga, Samoa, Uruguay, Namibia, Romania, Portugal, Chile, Zealand France Italy Uruguay Namibia, Africa Ireland, Africa Ireland Scotland Tonga Romania, C Wales Australia Fiji Georgia Portugal, Japan Argentina Samoa Chile, – New Zealand, Fiji, darting, Zealand

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

☆ PSG sign striker Kolo Muani from Frankfurt
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

Sept 1 (Reuters) - Paris St Germain have signed of France forward Randal Kolo Muani from Eintracht Frankfurt on a five-year contract, the Ligue 1 club said on Friday. The transfer fee for the 24-year-old was not disclosed but French media said it was 90 million euros ($96.96 million). Now I can't wait to get to work and finally play in these colours," Kolo Muani said. Kolo Muani has nine caps and has scored once under France coach Didier Deschamps, who has included the striker in his squad for the Euro 2024 qualifier against Ireland and friendly with Germany this month. ($1 = 0.9282 euros)Reporting by Angelica Medina in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Paris St Germain, Randal Kolo Muani, Kolo Muani, Didier Deschamps, Angelica Medina, Ken Ferris Organizations: Eintracht Frankfurt, Ligue, Bundesliga, Ireland, Thomson Locations: Paris, France, Nantes, Germany, Mexico City

☆ 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

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

☆ Factbox: Europe's ongoing strike-related travel disruptions
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +4 min

The travel industry is on high alert for disruption after Europe's peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace. Heathrow Airport security workers on June 23 called off 31 days of strikes planned at Britain's busiest hub. At Birmingham Airport, around 100 security officers and terminal technicians will begin continuous strike action from July 18. The strikes will severely impact the airport's security and terminal maintenance, leading to flight delays, the Unite union said.

Persons: Hannah McKay, Tiago Brandao, Pierre John Felcenloben, Antonis Triantafyllou, Milla Nissi Organizations: British Airways, Heathrow Airport, REUTERS, BELGIUM Ryanair, BRITAIN, Heathrow, Birmingham Airport, Glasgow, FRANCE Air, ATC, Nantes, Ryanair, Reuters, SPAIN Pilots, Iberia Regional Air Nostrum, Air Nostrum, Air Europa, Swedish Transport Workers, Union, Geneva, Thomson Locations: London, Britain, BELGIUM, Belgium, Charleroi, Europe, Gatwick, France, Paris, Orly, Lyon, Marseille, Nice, Toulouse, Bordeaux, ITALY, PORTUGAL, Portugal, Iberia, Spain, SWEDEN

Paris/London CNN —Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting. The riots, which were sparked by the fatal shooting of a teenager by a police officer last Tuesday, have already caused more than €1 billion ($1.1 billion) worth of damage, according to a French business association, MEDEF. Protesters have looted 200 stores and destroyed 300 bank branches and 250 smaller corner shops, a MEDEF spokesperson told CNN. French President Emmanuel Macron said Tuesday that he believed the “peak” of the violence had passed, according to CNN affiliate BFMTV. Sebastien Salom-Gomis/AFP/Getty ImagesThe French government is also considering ways to help businesses most affected by the riots, BFMTV reported, citing Finance Minister Bruno Le Maire.

Persons: London CNN —, Merzouk, Emmanuel Macron, Macron, Sebastien Salom, BFMTV, Bruno Le Maire, Le Maire, DBRS Morningstar, MEDEF, Geoffroy Roux de Bezieux, — Niamh Kennedy Organizations: London CNN, MEDEF, CNN, ”, Getty, France Inter Locations: Paris, London, France, French, Nantes, AFP, Dublin

☆ France bans short-haul flights as it looks to cut transport emissions
▼ + stars: | 2023-05-24 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The government there wants to cut short-haul flights in the country to reduce emissions. A French ban on domestic short-haul flights when alternative train journeys exist came into force this week, with one lawmaker hailing it as "an essential step" in the country's efforts to cut greenhouse gas emissions. The law, which was published via decree, essentially prohibits public internal flights between French destinations when a train journey of under 2 hours and 30 minutes is available. It means public passenger flights between Paris-Orly and cities like Bordeaux, Nantes and Lyon, are affected by the law. In a statement translated by CNBC, Clément Beaune, transport minister, described the move as "an essential step and a strong symbol in the policy of reducing greenhouse gas emissions."

CNN —French soccer team Toulouse did not select several players for its Ligue 1 game against Nantes on Sunday after they refused to participate in a league wide anti-homophobia campaign. “Although respecting the individual choices of its players, and after numerous exchanges, the Toulouse Football Club has chosen to exclude these players from the game,” the Ligue 1 club added. It extends to others, but it also encompasses respect for my own personal beliefs. This respect extends to others but also includes respect for my personal beliefs. “Given my roots, my culture, the importance of my convictions and beliefs, it was not possible for me to participate in this campaign.

☆ Cardiff to sue Nantes for damages over transfer after Sala's death
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephane MaheMay 9 (Reuters) - Cardiff City are preparing to take further legal action against Nantes after the Swiss Federal Tribunal decided the Court of Arbitration in Sport (CAS) had no jurisdiction to deal with the their claim for damages over Emiliano Sala's transfer, the club said on Tuesday. Cardiff were told by FIFA to pay the first instalment of the transfer fee agreed before Sala's death, which amounted to six million euros ($6.60 million), and they were placed under a transfer embargo in December after failing to pay the amount. After Cardiff's appeal at the CAS failed, they paid the amount after which FIFA lifted the embargo but the Welsh club then went to the Swiss Federal Tribunal. "The Swiss Federal Tribunal has decided that the Court of Arbitration in Sport doesn't have jurisdiction to deal with Cardiff City's claim for damages against FC Nantes," the Welsh club said in a statement. "This will be to recover what the club paid for Emiliano and additional damages for further consequential losses."

[1/5] People attend the traditional May Day labour march, a day of mobilisation against the French pension reform law and for social justice, in Nantes, France May 1, 2023. "It will serve to say that we will not move on until this (pension) reform is withdrawn." Macron says the reform is needed to keep one of the industrialised world's most generous pension systems in the black. French pension payments as a share of pre-retirement earnings are comfortably higher than elsewhere and a French man typically spends longer in retirement than those in other OECD nations. But the trade unions say the money can be found elsewhere.

Search resuls for: "Nantes"

25 mentions found