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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeather Boushey: U.S. has seen stronger growth than other G7 nationsHeather Boushey, a White House Council of Economic Advisers member, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Heather Boushey, CNBC's Charlotte Reed Organizations: White House Council, Economic Advisers Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023 Rugby World Cup organizer says tournament will have huge economic impactJacques Rivoal, chairman of the 2023 Rugby World Cup Organizing Committee, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Jacques Rivoal, CNBC's Charlotte Reed Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaschal Donohoe: Inflation picture is improving but journey not completeCNBC's Charlotte Reed speaks to Paschal Donohoe, the president of the Eurogroup, and Laurence Boone, France's minister of state for Europe, at the Aix-en-Provence economic forum.
Persons: Paschal, Charlotte Reed, Paschal Donohoe, Laurence Boone Locations: Europe, Aix, Provence
watch nowThe Covid-19 pandemic, rather than Joe Biden's economic policies and stimulus packages, is the "real cause" of high inflation, according to a member of the U.S. President's Council of Economic Advisers. "Had we done that, and the United States' inflation spiked higher than anyone else, well, maybe you could make the case that it was about that policy," Boushey added. "But the reality is, is that that isn't what happened — yes, the United States had inflation, but so did other countries that did not have the same policies." "So the inflation, the real cause was the global pandemic, and that is about the resiliency of our global supply chains." Expanding on her point, Boushey said this was why the U.S. was "making the investments that we need to make."
Persons: Joe Biden's, Heather Boushey, Charlotte Reed, Boushey Organizations: President's, Economic Advisers, American, Congress Locations: Aix, Provence, France, Jan, United States
"We're keeping a particularly close eye on the current tensions between the U.S. and China," said Florent Menegaux, chief executive of French tyremaker Michelin. "When we see the impact that the IRA will have (on European companies), I think we haven't talked enough about it at this conference," a senior banker said. "There is a big risk that European companies will shift their investments (from Europe to the United States)." Some say the main concern is the time taken by European Union authorities to respond. "I understand the frustration, but when you look at the details of the extent to which the United States is subsidising its domestic industry, it is not greater than what the Europeans do themselves," Boushey said.
Persons: Jean, Dominique Senard, Ludovic Marin, Florent Menegaux, Menegaux, Christel Bories, Bories, Veronika Grimm, Heather Boushey, Boushey, Mathieu Rosemain, David Holmes Organizations: Renault SA, U.S, French, Michelin, Renault, European Union, Reuters, White House Council, Economic Advisers, Thomson Locations: Japan, Douai, France, PROVENCE, United States, China, Europe, Indonesia, America
"There's no real consensus at the moment about the increase in interest rates among economic actors," Jeremie Delecourt, chief operating officer at French private equity fund Ardian, told Reuters. In the euro zone, the peak is near after a combined 4 percentage points rise in the past year, ECB policymaker and French central bank governor Francois Villeroy de Galhau said on a panel at the conference. But he also said that rates would be left high for as long as necessary to ensure that inflation is headed back to the European Central Bank's 2% target by 2025. The ECB raised interest rates to their highest level in 22 years last month and promised another hike this month, with possibly another in September. "I see quite a bit of optimism in the short term, but I see a lot of downside risks if there is a policy mistake, especially from the central banks," she added.
Persons: Jeremie Delecourt, Francois Villeroy de Galhau, Jean, Louis Girodolle, Lazard, Mario Draghi's, Somersan Coqui, Daniel Barneix, Barneix, Veronika Grimm, Leigh Thomas, Alexander Smith Organizations: Reuters, ECB policymaker, Central, ECB, Atlantic, Allianz Trade, Thomson Locations: PROVENCE, France, United States, Europe, Aix, Provence
REUTERS/Benoit Tessier/File PhotoSummaryCompanies Talks involve potential prepayment accord with carmakersMiner in talks with state-owned companies in Chile over lithiumAIX-EN-PROVENCE, France, July 9 (Reuters) - French mining group Eramet (ERMT.PA) is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said. "We're positioning ourselves (in Chile), we have discussions with state-owned companies," Bories said, with the aim to gain potential lithium concessions "in the coming months." Demand for electric vehicles (EVs) has increased as climate-conscious consumers snap up cars with electric powertrains, amid soaring fuel prices. Bories confirmed commodities group Glencore (GLEN.L) was among parties to have expressed interest in helping finance Eramet's lithium production in Argentina. She declined to elaborate further or give the names of the European carmakers involved in the talks.
Persons: Benoit Tessier, carmakers Miner, Christel Bories, Bories, We're, Mathieu Rosemain, Elaine Hardcastle Organizations: REUTERS, carmakers, Manufacturers, Reuters, Thomson Locations: Paris, France, Chile, PROVENCE, Argentina, United States, China, Aix, Provence, South America
AIX-EN-PROVENCE, France, July 9 (Reuters) - France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target. The aim is to bring inflation down to the 2% target by 2025, Villeroy said at an economics conference in the southern French city of Aix-en-Province. Former IMF chief economist, Frenchman Olivier Blanchard, has long called for a higher inflation target than the 2% shared by most major central banks, arguing that the increased flexibility that would provide would outweigh the costs. In response, Villeroy said that a higher inflation target was a "false good idea" and would lead to higher rather than lower borrowing costs. "If we announced our inflation target is no longer 2% but 3%, lenders would immediately demand higher interest rates, at least 1% (more)" in anticipation of higher inflation and uncertainty Villeroy said.
Persons: Francois Villeroy de Galhau, Villeroy, Frenchman Olivier Blanchard, Patrick Artus, Bruno Le Maire, Andrew Bailey, Leigh Thomas, William Schomberg, Elaine Hardcastle, Alexander Smith Organizations: Bank's, Former IMF, Veteran, French Finance, Bank of England, Thomson Locations: PROVENCE, France, French, Aix, Province, London
AIX-EN-PROVENCE, France, July 8 (Reuters) - A "Chinese storm" is looming over Europe's growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia's superpower dominates key raw materials to make batteries for zero emission cars. "When I talk about a Chinese storm, I'm talking about the strong pressure today related to Chinese (electric) vehicle imports into Europe," Senard said. China's export restrictions are escalating a technology war with the United States, potentially causing more disruption to global supply chains. The development of alternative fuels - such as synthetic e-fuels and hydrogen - would be crucial in the event of a sudden shortage of batteries due to a dearth of raw materials, Senard said. Reporting by Mathieu Rosemain; Additional reporting by Gilles Guillaume Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Jean, Dominique Senard, Senard, Mathieu Rosemain, Gilles Guillaume, Mark Potter Organizations: Renault, Reuters, Thomson Locations: PROVENCE, France, China, Europe, United States
At the same time, wages have also risen by more than expected," Lagarde said in an interview with French newspaper La Provence. As such, the ECB is vigilant about any risks that could reverse the trend and drive inflation up further, including profit margins. The euro zone has been battling high inflation for around a year given firstly, record-high energy costs, and more recently, soaring food prices. European Central Bank President Christine Lagarde said Friday the bank will not "stand idly by " if there is a simultaneous increase in profits and wages given persistently high inflation in the region. "A simultaneous increase in both would fuel inflation risks, and we would not stand idly by in the face of such risks," Lagarde added.
Persons: Lagarde, Christine Lagarde Organizations: French, La Provence, ECB, European Central Bank, International Monetary Fund Locations: Central
A video of people breaking into Centre Commercial Bourse, a shopping mall in Marseille, has been misinterpreted by people online as the French stock exchange. “Rioters are trying to storm the Central Stock Exchange of Marseille, France” read posts on Twitter and Facebook (here), (here) and (here). The French word Bourse does translate to “stock exchange” in English. The Centre Commercial Bourse, however, is a shopping mall in Marseille (www.klepierre.com/en/our-malls). The Centre Commercial Bourse in Marseille, France, is a shopping mall.
Persons: France ”, Nahel, Read Organizations: Commercial Bourse, Central Stock Exchange of, Twitter, Facebook, Reuters, Bourse Locations: Marseille, Central Stock Exchange of Marseille, France, Provence, Nanterre
In one scene of George Benjamin’s new opera “Picture a Day Like This,” which premieres on Wednesday at the Aix-en-Provence Festival in France, a composer and her assistant cut off an interviewer midsentence. The composer asks whether there’s space in her schedule to speak; “five minutes,” the assistant replies. If the premiere of “Picture a Day Like This,” written with the playwright Martin Crimp, is highly anticipated, that is because anticipation has long accompanied new works by Benjamin, 63. Earlier stage works with Crimp, “Written on Skin” (2012) and “Lessons in Love and Violence” (2018), have quickly entered the repertory of major European opera houses. But it is their first opera, the one-act “Into the Little Hill,” from 2006, that most resembles “Picture a Day Like This,” in its size, duration and subject matter.
Persons: George Benjamin’s, midsentence, Benjamin, Martin Crimp, Crimp Organizations: West London Locations: Aix, Provence, France,
National police said on Thursday night that officers faced new incidents in Marseille, Lyon, Pau, Toulouse and Lille, including fires and fireworks. The local prosecutor said the officer involved had been put under formal investigation over voluntary homicide and would be held in prison in preventive detention. Under France's legal system, being placed under formal investigation is akin to being charged in Anglo-Saxon jurisdictions. He said the officer had aimed down towards the driver's leg but was bumped, causing him to shoot towards his chest. The unrest has revived memories of riots in 2005 that convulsed France for three weeks and forced then-president Jacques Chirac to declare a state of emergency.
Persons: Emmanuel Macron, Pascal Prache, Mercedes, Nahel, Gonzalo Fuentes, Laurent, Franck Lienard, didn't, Lienard, Prache, Macron, Jacques Chirac, Benoit Van Overstraeten, Layli, Noemie Olive, Leigh Thomas, Michel Rose, Richard Lough, John Stonestreet, Frank Jack Daniel, Alexandra Hudson, Daniel Wallis, Gerry Doyle Organizations: Nike, National, Lille, Le Vieux Port, REUTERS, Reuters, Thomson Locations: France, Paris suburb NANTERRE, Algerian, Nanterre, Paris, Rivoli, Marseille, Lyon, Pau, Toulouse, France's, Le Vieux, Provence, Paris suburb, Clichy, Blanc Mesnil
June 16 (Reuters) - Andy Murray is in the best shape since his hip surgery as the former world number one prepares for a run at Wimbledon, he said after cruising into the quarter-finals of the Rothesay Nottingham Open. "It is really hard to say if I'm playing my best level overall," Murray added. Murray added that he is giving his best as he bids to be seeded by the time of the grasscourt Grand Slam, which runs from July 3-16. "I am doing my best to give myself the best preparation I can for Wimbledon," he said. Murray will play Swiss eighth-seed Dominic Stricker later on Friday before returning to the Queen's Club Championships on June 19.
Persons: Andy Murray, Scot, Murray, Hugo Grenier, Dominic Stricker, Pearl Josephine Nazare, Conor Humphries Organizations: Wimbledon, Rothesay Nottingham, Queen's, Thomson Locations: Rothesay, Aix, Monte Carlo, Madrid, Rome, Bordeaux, Swiss, Bengaluru
Murray pulls out of French Open
  + stars: | 2023-05-21 | by ( ) www.reuters.com   time to read: +1 min
May 21 (Reuters) - Former world number one Andy Murray has withdrawn from the French Open. Three-times Grand Slam champion Murray won the second-tier Aix-en-Provence Challenger Tour crown earlier this month, but suffered early exits in Monte Carlo, Madrid, Rome and Bordeaux. The Scot, who reached the final of the French Open in 2016, has opted to skip tournaments during the claycourt season in the past to focus on the grasscourt swing heading into Wimbledon. The French Open runs from May 28 to June 11. Holder Rafa Nadal, who has won the French Open a record 14 times, also pulled out of the tournament after failing to regain full fitness from a hip injury.
[1/2] French sprinter Halba Diouf, 21, a transgender woman athlete who dreams to compete at the Paris 2024 Olympics and Paralympics Games, attends a practice session on an athletics track in Aix-en-Provence, France May 3, 2023. REUTERS/Gonzalo FuentesAIX-EN-PROVENCE, France, May 9 (Reuters) - French sprinter Halba Diouf feels she is being marginalised and hounded after her dream of participating at next year's Paris Olympics was shattered when World Athletics (WA) banned transgender women from elite female competitions. "The only safeguard transgender women have is their right to live as they wish and we are being refused that, we are being hounded... In March WA's council cut the maximum amount of plasma testosterone for DSD athletes in half to 2.5 nanomoles per litre from five. The WA rules also stated the level must be maintained for at least 24 months before DSD athletes can compete in female competitions.
CNN —Andy Murray is back in the winner’s circle for the first time since 2019 after the Scot beat world No. 17 Tommy Paul 2-6 6-1 6-2 in the final of the ATP Challenger event in Aix-en-Provence. “We keep going from here.”As well as winning his first title since Antwerp in 2019, it was also Murray’s first clay court title since the Rome Masters 1000 title in 2016 and lifts him to No. 1 first returned to the court in June 2018 after undergoing a first hip surgery in January of the same year, before undergoing a second hip operation in 2019. However, without any points to defend at the Rome Masters or French Open, another deep run will propel Murray up the rankings further still.
May 7 (Reuters) - Briton Andy Murray bounced back to beat number 17 American Tommy Paul 2-6 6-1 6-2 on Sunday in the Aix-en-Provence Challenger Tour final, earning his first title at any level since 2019. It was Murray's third victory over a top-20 player this year and the twice Olympic gold medallist is expected to climb from 52nd to 42nd in the rankings after Sunday's win. But (my team) have been there supporting me and working with me to try and get better," Murray said in remarks provided by the ATP. The Challenger Tour said Murray's win marked the longest gap ever between titles on the secondary circuit, with Murray having last won more than 17 years ago in Binghampton. Reporting by Amy Tennery in New York; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.
LONDON, April 19 (Reuters) - French sailor Clarisse Cremer, who lost her sponsorship only months after the birth of her daughter, is back on course for the 2024 Vendee Globe, with Britain's Alex Thomson and a new partner on board. The 24,000 mile Vendee, known as the Everest of sailing, is one of the few top sporting events where women compete with men. Thomson, 49, whose best result in the French-dominated race was second, said L'OCCITANE had proved a "saviour" and would help to make sailing more equitable. Cremer said she was looking forward to sailing with Thomson for the first time on her newly-acquired boat, which finished second in the Vendee in 2021 and which Thomson said had cost "a little under" 5 million euros ($5.5 million). ($1 = 0.9132 euros)Reporting by Alexander Smith; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
ATP roundup: Jiri Lehecka upsets Doha top seed Andrey Rublev
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +2 min
1 seed Andrey Rublev 4-6, 6-4, 6-3 in the quarterfinals of the Qatar ExxonMobil Open on Thursday in Doha. Lehecka will face Great Britain's Andy Murray in the semifinals after Murray rallied past French qualifier Alexandre Muller 4-6, 6-1, 6-2. 7 seed Alejandro Davidovich Fokina 6-4, 7-6 (5) on Thursday while Medvedev battled past Christopher O'Connell of Australia 6-2, 4-6, 7-5. 1 seed Hubert Hurkacz of Poland dropped his first set before rallying past Switzerland's Leandro Riedi 4-6, 6-3, 6-2 in second-round action at Marseille, France. Third seed Alex de Minaur of Australia beat Swiss qualifier Alexander Ritschard 6-3, 6-3, while fourth seed Grigor Dimitrov of Bulgaria was a 6-3, 6-2 winner over Dutch qualifier Gijs Brouwer.
ATP roundup: Andrey Rublev escapes for win in Doha
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
February 23 - Top-seeded Andrey Rublev of Russia staved off three match points while rallying for a 1-6, 6-1, 7-6 (6) win over the Netherlands' Tallon Griekspoor in the second round of the Qatar ExxonMobil Open on Wednesday in Doha. Rublev knocked off three match points and broke serve. In the decisive tiebreaker, Rublev needed three match points of his own to advance to the quarterfinals. Third-seeded Russian Daniil Medvedev topped British qualifier Liam Broady 6-4, 6-3. In the tournament's final two first-round matches, French wild-card entrant Arthur Fils topped Russia's Roman Safiullin 6-4, 6-3, and Sweden's Mikael Ymer handled Moldova's Radu Albot 6-3, 7-6 (5).
ATP roundup: Daniel Evans falls in Doha
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +2 min
February 22 - Finland's Emil Ruusuvuori took down sixth seed Daniel Evans of Great Britain 7-5, 6-4 in their first-round match at the Qatar ExxonMobil Open on Tuesday in Doha. Ruusuvuori fired seven aces and won 29 of 38 first-service points (76.3 percent), holding on for the victory even as Evans saved six of 10 break points and converted both his opportunities to break Ruusuvuori. 7 seed Richard Gasquet of France battled past countryman Laurent Lokoli 7-6 (5), 2-6, 7-6 (5). 556 Alves, who had five aces and saved five of nine break points in his tour-level debut before the suspension. Daniel Elahi Galan of Colombia and Juan Pablo Varillas of Peru were also winners Tuesday before the rain arrived.
It's located on the small private island of Mustique, which lies in the southern Caribbean nation of St. Vincent and the Grenadines. Last year, Mustique's largest transaction was recorded at about $35 million, according to de Mallet Morgan. Here's a closer look at the most expensive home to ever hit the market in the Caribbean. The Bali Cottages house four more guest bedrooms and surround the estate's third swimming pool. De Mallet Morgan said the estate is currently operated by 18 staff.
Rudolph told CNN that while she and Poehler aren’t frequent bakers, she trusts her former “Saturday Night Live” costar to “make something great if given the task.”“Thank you, I trust the same of you,” Poehler said in response. According to Rudolph and Poehler, the grannies are loving their new-found fame, even though they aren’t big on stars. “One of our favorite parts is we have like a celebrity special on NBC and then the rest of the season on Peacock,” Poehler told CNN. Poehler said salt, which caused Rudolph to quip, “I feel like you are little bit of a spicy salt, like a salt with herbs. You aren’t ordinary salt.”For the record, Rudolph fancies herself a spice like cinnamon, which “warms the belly.”Insert “sweater weather” joke here.
Father's Day: 5 animal dads worse than you
  + stars: | 2022-06-19 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +5 min
Glenn Boozan's "There Are Moms Way Worse Than You: Irrefutable Proof That You Are Indeed a Fantastic Parent" features a few "bad" animal fathers, too. Workman PublishingQuestionable animal fathers include grizzly bears that eat their young when food is scarce, and lions that primarily stand guard and look tough while female lions venture out to hunt and kill. Male pipefish that were less interested in the pipefish mothers were less nurturing toward their young, investing fewer resources in them. David Tipling/Education Images/Universal Images Group/Getty Images“Horses seem like super dads, but, eh, they’re not the best,” Boozan wrote. “Buying a specific swaddling blanket or a different kind of Binky isn’t going to make you a better or worse parent,” Boozan said.
Persons: Glenn Boozan’s, ” Priscilla Witte, Glenn Boozan's, ” Boozan, Pipefish, David Tipling, “ They’ll, Diamanto, can’t, Guenter Fischer, , Boozan Organizations: CNN, Workman Publishing, M University, Royal Society B, Stallions, Diversity, University of Michigan’s Museum of Zoology Locations: Stigmatopora, Edithburgh, Yorke, South Australia, Texas, Camargue, Provence, France, Peru
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