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Biden has little chance of passing ambitious legislation given the state of Congress, and faces a tough election. After decades of service in Washington, much of it on the Senate Foreign Relations Committee, Israel and Ukraine will define his legacy. In this July 13, 1982, file photo Secretary of State designate George Shultz, right, speaks with members of the Senate Foreign Relations Committee. AP Photo/Ira Schwarz, FileBiden's legacy was already strongly linked to foreign policy. If there is a bipartisan coalition that exists within the US Congress, Israel policy and Ukraine policy might very well be it.
Persons: Biden, , Joe Biden, he'll, there's, George Shultz, Sen, Joseph Biden, Charles Percy, Edward Zorinsky, Ira Schwarz, Madeline Albright's, he'd, Vladimir Putin, Kevin McCarthy, J, Scott Applewhite, he's, Bob Menendez, it's, Susan Walsh, That's, what's, Benjamin Netanyahu, Miriam Alster, Obama, Harris Organizations: Senate Foreign Relations Committee, Service, Senate Foreign Relations, AP, Senate Foreign, State, Senate, Capitol, Republican, Democratic, Republicans, GOP, White House, Israeli, Hamas, Biden, Ukraine Locations: Washington, Israel, Ukraine, Eastern Europe, Russia, Arizona, United States, Republican, Democratic, Tel Aviv
A Japanese policeman checks the signs to be used during the opening parade at the Olympic Games in Tokyo, 1964. Police officers stand guard at the rowing and kayak competitions venue at Lake Lanier near Gainesville, Georgia, ahead of the 1996 Olympic Games. Helsinki, which built the first permanent Olympic Village in 1952, created a successful and architecturally distinguished neighbourhood of social housing. Barcelona’s 1992 Olympic Village became the epicentre of a process of beachside gentrification and soaring house prices. Until that changes, we can expect the staging of future Olympic Games to look the same.
Persons: David Goldblatt, Read, David Goldblatt David Goldblatt, Douglas Miller, Charles Platiau, dockets, Buda Mendes, Barcelona’s, Urman Lionel, Denis Organizations: CNN, Olympic, Hulton, Getty, LAPD, Atlanta, Police, Housing Rights, Pan American Games, Rio de, City Council, Melbourne Olympic Games, Asahi Shimbun, City, Games, International Olympic Committee, Olympic Games Locations: British, Paris, Berlin, Roma, Tokyo, Moscow, Los Angeles, Lake Lanier, Gainesville , Georgia, Atlanta, Seoul, Beijing, Rio de Janeiro, Rio, Brazil, Buda, Helsinki, Melbourne, Japan, Australia, Mexico, Athens, Portakabins, London
LONDON (AP) — King Charles III will travel to Kenya later this month for a state visit full of symbolism: His mother, the late Queen Elizabeth II, learned she had become queen while visiting a game preserve in the East African nation in 1952. During the Oct. 31-Nov. 3 visit, Charles plans to meet with Kenyan President William Samoei Ruto and to visit Nairobi National Park, where he will have a chance to demonstrate his concern for environmental preservation and fighting climate change. In 1947, the future queen pledged lifelong service to Britain and the Commonwealth on her 21st birthday. Charles himself visited Kenya in 1971, and he attended the Commonwealth heads of government meeting in Rwanda in 2022. Charles became the symbolic head of the organization after the queen died last year, but the honor is not hereditary.
Persons: — King Charles III, Queen Elizabeth II, Charles ’, Charles, William Samoei Ruto Organizations: Kenyan, Commonwealth Locations: Kenya, East, Commonwealth, Nairobi, Africa, Britain, Rwanda, United Kingdom
Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.
Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America
At Allianz, CEO stays but CFO goes
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
The logo of Allianz is seen on a building in Paris, France, April 30, 2020. Baete, whose contract was extended to 2028, said: "I thank the Supervisory Board for their confidence and support." Chief Financial Officer Giulio Terzariol is leaving to head the insurance division at Generali, the Italian company announced on Monday. Allianz has appointed Claire-Marie Coste-Lepoutre to succeed him as finance chief. Coste-Lepoutre is a French national who has been with Allianz since 2011, with previous stints at Swiss Re, SCOR and McKinsey.
Persons: Charles Platiau, Oliver Baete, Baete, Giulio Terzariol, Claire, Marie Coste, Lepoutre, Tom Sims, Alexander Huebner, Miranda Murray Organizations: Allianz, REUTERS, Rights, U.S . Department of Justice, U.S . Securities, Exchange Commission, Board, Monday, Swiss, SCOR, McKinsey, Thomson Locations: Paris, France, U.S, Generali, Italian, French
Investors should be cautious on Starbucks stock, according to TD Cowen. Starbucks stock has slipped more than 2% from the start of the year and was off 1.45% in premarket trading Tuesday. SBUX YTD mountain Starbucks stock has pulled back 2.4% from the start of 2023. Charles also noted U.S. headwinds associated with slower month-over-month non-farm payroll increases, which could be reflected in Starbucks' morning business. "Starbucks' morning-oriented business tracks changes in payrolls as changes in the number of commuters naturally impacts morning routines," Charles said.
Persons: TD Cowen, Andrew Charles, Charles, Michael Bloom Locations: China
"That was a major motivating factor behind seeing if I could bring something new to the issue of concussions." The five millimetre thick G8RSkin balaclava is intended to stabilize the neck and head and dissipate the energy from a hit. Testing at Virginia Tech's Helmet Lab found it could reduce the risk of concussions by almost 60%. Miami Dolphins quarterback Tua Tagovailoa considered retiring from football over the concussions he suffered in the 2022, the distressing scenes of which rocked the NFL. "It's very exciting," said committee member Dr. Charles Popkin, a team physician for USA Hockey and member of the USA Hockey National Safety and Protective Equipment Committee.
Persons: Carter, F.J, Hogg, I've, Tua Tagovailoa, G8RSkin, Jay Brunetti, Charles Popkin, Lori Ewing, Christian Radnedge Organizations: Lee University, Johns Hopkins University, Miami Dolphins, San Francisco 49ers, USA Hockey, USA Hockey National Safety, Protective, Committee, Thomson Locations: Dallas, Washington, balaclava, Virginia, Baltimore
Long before he had the chance to travel to New Zealand, Fekitoa set his sights on competing for the All Blacks – undoubtedly the most famous rugby team on the planet. “It was always a dream of mine to play for New Zealand, even though I was born and raised in Tonga,” Fekitoa tells CNN Sport. Fekitoa tries to force his way through a tackle during a Rugby Championship match between New Zealand and Argentina in 2014. The change has proved particularly beneficial for Tonga, which, as well as Fekitoa, has named former All Blacks Vaea Fifita, George Moala and Charles Piutau in its squad for the ongoing Rugby World Cup in France. After the rule change, he thinks more All Blacks players will follow his lead by swapping allegiances.
Persons: Fekitoa, ” Fekitoa, Jonah Lomu, Cameron Spencer, , haven’t, Fifita, George Moala, Charles Piutau, Leon Lord, Adam Coleman, Israel Folau, , , “ I’m, I’ve, Richard Heathcote, It’s, James Crombie, “ It’s Organizations: CNN, All Blacks, New Zealand, CNN Sport, Tonga, Wellington Sevens, Wesley College, Rugby, Blacks, Fiji, Getty, Australia, Ireland, Wasps, Gloucester, Tonga –, Rugby Championship, Nations, United Rugby, Munster, Romania, Tonga’s, Tongan, Kiwi, New Locations: Tonga, New Zealand, Australia, Auckland, Argentina, Europe, Monaco, France, AFP, New, England, Ireland, Italy, South Africa, Scotland, Samoa
Talks between Chevron and the workers' unions broke down last week without a deal, and the industrial action is scheduled to escalate to two weeks of 24-hour stoppages on Thursday. Chevron would have to demonstrate a sustained attempt to negotiate with unions for the tribunal to rule in its favour, he added. Strikes could actually demonstrate workers were so committed to bargaining that they were willing to stop work and forgo wages, she added. "Strike action is a legitimate form of action, workers have the right to do this," she said. Any party involved can contest a FWC ruling and seek judicial review, Charles Power, partner at law firm Holding Redlich said, although a court would not again hear the facts of the case.
Persons: Australia's, Steve Purvinas, Purvinas, Shell, Shae, McCrystal, Charles Power, Redlich, Lewis Jackson, Renju Jose, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, CAN, Virgin Australia, Australian Licensed Aircraft Engineers ’ Association, Virgin, Offshore Alliance, Shell, University of Sydney, Thomson Locations: Wheatstone, Western Australia, Federal, Shell, Woodside, Inpex, Sydney
Pinault’s Hollywood foray is untimely distraction
  + stars: | 2023-09-08 | by ( Pierre Briancon | ) www.reuters.com   time to read: +4 min
REUTERS/Charles Platiau Acquire Licensing RightsLONDON, Sept 8 (Reuters Breakingviews) - The story of European business trying to mingle with Hollywood has often led to unhappy endings. The Pinault family, which controls $61 billion luxury group Kering (PRTP.PA), thinks it can buck the trend. Pinault may have overpaid for CAA, especially in the middle of a major strike of Hollywood writers and actors. The transaction, through holding company Artemis, adds Hollywood's premiere talent agency to Pinault’s family empire which spans fashion, wine and contemporary art. CAA was valued at $1.1 billion when TPG acquired a majority stake in 2014, four years after having originally invested in the talent agency.
Persons: Francois, Henri Pinault, Kering, Charles Platiau, Tom Hanks, Steven Spielberg, François, Ari Emanuel’s, Artemis ’, Gucci, Alessandro Michele, Pinault, Jean, Kering’s, Valentino, Brad Pitt, Salma Hayek, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Hollywood, Universal Studios, Creative Artists Agency, CAA, Gucci, TPG, Endeavor, Thomson Locations: Paris, France, bask
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBEA Foundation poll shows 78% of Americans support active diversity efforts, says CEOCharles Phillips, Recognize co-founder and managing partner, and Dr. Tony Coles, The Black Economic Alliance CEO and Regeneron board member, join 'Squawk Box' to discuss a recent poll on diversity, equity and inclusion efforts in corporate America, if DEI efforts have been categorized with the word 'woke', and what the public wants companies to do.
Persons: Charles Phillips, Tony Coles Organizations: BEA, Black Economic Alliance Locations: America
The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsBRUSSELS, Aug 24 (Reuters) - Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet (GOOGL.O) unit said on Thursday. "We will increase data access for researchers looking to understand more about how Google Search, YouTube, Google Maps, Google Play and Shopping work in practice, and conducting research related to understanding systemic content risks in the EU," she said. It will roll out a new Transparency Center for people to access information about its policies on a product-by-product basis. Reporting by Foo Yun Chee; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau, Laurie Richardson, Foo Yun Chee, Devika Organizations: Google, Viva Tech, REUTERS, Rights, European Union, Digital Services, Microsoft, Twitter, HK, DSA, Center, Thomson Locations: Paris, France, U.S
CNN —European officials took some small comfort when China attended a summit in Jeddah, Saudi Arabia, last weekend. The only downside is how it makes others think about China.”It’s no secret that China’s relationship with Europe has become tetchy. Multiple officials explained to CNN that the relationship with China is in a sort of stasis that tries to balance what Europe needs versus what Europe wants. Europe still imports vastly more from China than it exports, a reflection of the level of dependency it has on China. In 2023, European officials know that China represents a major security concern and that becoming overly dependent on China is a risk.
Persons: it’s, Vladimir Putin, , , Wang Yi, Sergey Lavrov, Putin, China’s Xi Jinping, It’s, Russia –, Moscow’s, ” Alicja, , Ursula von der Leyen, Xi Jinping, Emmanuel Macron, Jacques Witt, they’re, Sam Goodman, Goodman, Charles Parton Organizations: CNN, EU, , Russia, Saudi Press Agency, Reuters, European Council, Foreign Relations, Europe, Investment, Beijing, European Commission, East, Risks Institute, Putin’s, Huawei Locations: China, Jeddah, Saudi Arabia, Ukraine, Beijing, Russia, Russian, Alaska, Europe, Washington, Brussels, Eurasia, Taiwan, France, Germany, Spain, Guandong, Guangzhou, Reuters Brussels, West, Putin’s Moscow, America
In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant said dismissing the indictment was justified because prosecutors' "intrusion" into his attorney-client relationship had been "manifestly and avowedly corrupt." Two other former portfolio managers have pleaded guilty in the case and agreed to cooperate with prosecutors. The case is U.S. v. Tournant, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel in New York; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau, Gregoire Tournant's, Laura Taylor Swain, Tournant, Swain, Allianz's, Sullivan, Cromwell, Jonathan Stempel, Marguerita Choy Organizations: Allianz, La Defense, REUTERS, Alpha Funds, Prosecutors, U.S . Securities, Exchange Commission, Court, Southern District of, Thomson Locations: Puteaux, La, Paris, France, U.S, Manhattan, Southern District, Southern District of New York, New York
REUTERS/Charles Platiau/File PhotoWASHINGTON, Aug 3 (Reuters) - Texas won a round in its antitrust lawsuit with Alphabet's (GOOGL.O) Google on Thursday after a U.S. judicial panel refused to pause its decision to return its lawsuit to federal court in Texas. Judicial Panel on Multidistrict Litigation had decided in June to agree to a Texas request to send the lawsuit alleging Google abused its dominance in advertising technology back to the Lone Star state. Texas has argued that a measure which became law in 2022, after the lawsuit was filed, granted state attorneys general the right to choose where an antitrust lawsuit will be litigated. The judicial panel did agree to stay the remand order for seven days to give Google time to appeal to the 2nd U.S. The Texas lawsuit accuses Google of violating the law by dominating the process that advertisers use to put ads online.
Persons: Charles Platiau, Diane Bartz, Jonathan Oatis Organizations: Google, Viva Tech, REUTERS, Texas, The U.S, Multidistrict Litigation, Lone Star, U.S, Circuit, Appeals, Thomson Locations: Paris, France, Texas, The, New York, Eastern
CNN —As little as one or two minutes of vigorous exercise a day could lower your cancer risk, according to a new study. Participants reported not regularly exercising in their leisure time, and they wore accelerometers to track their VILPA, or vigorous intermittent lifestyle physical activity, the study said. Adults who incorporated about 4½ minutes of vigorous activity in short one- or two-minute bouts had more than 30% lower incidence rates of cancer, the study found. “The large majority of middle aged and older adults, more than 70-80% in most countries, are not regular exercisers in leisure time, or simply never do any exercise,” Stamatakis said via email. “Previous early-stage trials (showed) that VILPA leads to rapid improvements in cardiorespiratory fitness,” Stamatakis said in an email.
Persons: Emmanuel Stamatakis, , , Stamatakis, Charles Perkins, Dana Santas, ” Stamatakis, Glenn Gaesser, Gaesser, Keith Diaz, Diaz, ” Gaesser, Santas, It’s, ’ ” Organizations: CNN’s, CNN, Charles, Charles Perkins Centre, University of Sydney, College of Health Solutions, Arizona State University, Columbia University Irving Medical Locations: Australia, New York City
SOMEBODY’S FOOL, by Richard RussoWelcome back to North Bath, scrappy sibling to the larger, wealthier Schuyler Springs, down the road in woodsy upstate New York. While Schuyler Springs is famous for wine bars, pricey restaurants and a racetrack, North Bath (or “Bath”) prides itself on a rustic vibe, greasy spoons and scrapyards and grand Victorian fixer-uppers. Set over three days in February 2010, the novel opens with a bleak snapshot: The recession has wreaked havoc on local businesses and families. Russo reprises the cast from “Nobody’s Fool” (1993) and “Everybody’s Fool” (2016), framing their foibles as social comedy in the mode of Charles Portis or Charles Dickens. (There’s an allusion to “Great Expectations.”) As with both authors, tumult brews beneath sunny surfaces.
Persons: Richard Russo, scrappy, Schuyler, Richard Russo’s, , Donald “ Sully ” Sullivan, Sully’s, Peter, Ruth, Russo, Charles Portis, Charles Dickens Locations: North Bath, Schuyler Springs, woodsy, New York, Bath
Princess Diana's 'black sheep' jumper to be auctioned
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +2 min
[1/4] A 'black sheep' jumper worn by the Britain's late Diana, Princess of Wales, is displayed at Sotheby's, in London, Britain, July 17, 2023. The jumper, which is to go up for auction, was worn by Diana on several occasions, and was recently rediscovered in a box in the attic of the manufacturers... Read moreLONDON, July 17 (Reuters) - A jumper worn by Britain’s late Princess Diana and depicting a black sheep is headed for auction later this summer with a price estimate of up to $80,000. Diana first wore the red jumper, which depicts a lone black sheep among rows of white sheep, to watch then Prince Charles play in a polo game in June 1981, a month before they were married, sparking speculation over its potential significance. A few months later, Diana received a replacement, which she was photographed wearing in 1983. The jumper and letters are on display at Sotheby's London until Wednesday.
Persons: Diana , Princess of, Diana, Britain’s, Princess Diana, Prince Charles, Oliver Everett, Joanna Osborne, Osborne, Cynthia Houlton, Sotheby's, couturier Victor Edelstein, Marie, Louise Gumuchian, Andrew Cawthorne Organizations: Reuters, London, Thomson Locations: Diana , Princess of Wales, London, Britain, New York
With 150 million downloads, Threads set a new record for app growth far surpassing Pokémon Go. Threads has kept about 100 million active users a week, according to a data research firm. Instagram Threads continued to set a growth record into its second week, surpassing 150 million downloads of the app. 100 million active users a week is about one-fifth of the user base of Twitter, Data.ai added. When Zuckerberg posted on Sunday about hitting 100 million sign-ups, that meant Threads had seen an average of 20 million sign-ups each day.
Persons: Pokémon, Randy Nelson, Nelson, Data.ai, Elon Musk, Mark Zuckerberg, Chris Cox, I've, Zuckerberg, Cox, Andrew Bosworth, Naomi Gleit, Charles Organizations: Twitter, Meta, Elon, CNBC Locations: Niantic, India, Brazil, US, Mexico, Japan
Instagram's headcount is looking a bit smaller after layoffs, but it has a hit new app in Threads. Insider is highlighting 14 top executives at Instagram in 2023. Instagram's partnerships org, which handles relationships with public figures, creators, and brands, is also in for a massive overhaul, after cuts in May slashed many roles. Charles Porch will continue to lead Instagram's partnerships team as VP. Insider has compiled a list of 14 top executives at Instagram who lead teams from product marketing to diversity and inclusion.
Persons: Adam Mosseri, It's, Meta, Instagram, Tessa Lyons, Instagram's, Nick Grudin, Justin Osofsky, who's, Charles, Eva Chen, shepherding, he'll Organizations: Instagram, Meta, Dapper Labs Locations: London
They also kept a daily health log before, during and for two weeks after test flights, it said. It means you start reducing the jetlag straight away," he said in a statement after the first test flight was conducted. For now, Postnova said, travelers shouldn't wait until they land to combat jet lag — rather, they should start the process as soon as their flight departs. An onboard 'wellbeing zone'The jet lag research is being conducted while Qantas awaits 12 Airbus 350 aircraft it ordered in May 2022. Passengers exercise during a Qantas test flight from New York to Sydney on Oct, 19, 2019.
Persons: University of Sydney's Charles Perkins, David Gray, Svetlana Postnova, Postnova, Alan Joyce, James D, Peter Cistulli, Joyce Organizations: Qantas, University of Sydney's, University of Sydney's Charles Perkins Centre, Volunteers, Flight, Getty, CNBC, Morgan, University of Sydney, New, Flyers, Airbus Locations: Sydney, New York City, London, New York
Top executives, like the head of Instagram Adam Mosseri, will be paving the app's way forward. Insider is highlighting 14 top executives at Instagram in 2023. As Instagram enters a new era, who else is among the most influential executives shaping the app? Insider has compiled a list of 14 top executives at Instagram who lead teams from product marketing to diversity and inclusion. Here are 14 top executives to know at Instagram in 2023:
Persons: Adam Mosseri, Meta, Instagram, Tessa Lyons, Instagram's, Nick Grudin, Justin Osofsky, who's, Charles, Eva Chen, shepherding, he'll Organizations: Instagram, Meta, Dapper Labs Locations: London, Barcelona
Their eyes meet across a crowded street in 1870s Dodge City, Kan., the gunslinging bounty hunter and the impulsive rebel, one a dark-haired loner, the other a striking redhead: two young women destined to work out their mutual sparks on the frontier where Owen Wister enshrined the all-male, all-white Western genre novel with “The Virginian,” in 1902. In Claudia Cravens’s debut novel, “Lucky Red,” the two main characters are Bridget Shaughnessy, earning her keep as a “sporting woman” at the Buffalo Queen Saloon, and Spartan Lee, a notorious sharpshooter who has touched down in Bridget’s life bearing the warning line, “Whenever I tire of a place, I just light out.”The sentiment, its history reverberating from Mark Twain to Zane Grey to Charles Portis to Cormac McCarthy, animates Cravens’s interrogation of traditional stereotypes and story lines in Western fiction. So does the abiding trope of a mysterious stranger riding into town to upend law and order, minds and hearts. ‌“I love that archetype,” Cravens said ‌over lunch at the Greenwich Village restaurant Cowgirl, “but I thought, ‘what if the stranger Bridget falls in love with is a woman instead of a man?’”‌
Persons: Owen Wister, Claudia Cravens’s, , Bridget Shaughnessy, Spartan Lee, Mark Twain, Zane Grey, Charles Portis, Cormac McCarthy, animates, ” Cravens, Bridget Organizations: Dodge City, Buffalo Queen Saloon, Greenwich Village Locations: Dodge, Kan, , Greenwich
The Australian airline Qantas is conducting test flights to find a cure for jet lag on long flights. Researchers for the Australian airline Qantas are working to find a cure for jet lag — and the answer may be on your plate. Project Sunrise flights offered "specific menu items including fish and chicken paired with fast-acting carbohydrates, as well as comfort foods like soups and milk-based desserts. The aim was to promote the brain's production of the amino acid tryptophan ('Tryp') to help passengers drift off more easily." Insider previously reported eating tart cherries, watermelon, and cucumbers may help air passengers sleep and wake easier and fight jetlag.
Persons: , University of Sydney's Charles Perkins, Alan Joyce, James D Morgan, jetlag, Peter Cistulli, Cistulli Organizations: Australian, Qantas, Service, University of Sydney's, University of Sydney's Charles Perkins Centre, Sunrise, Qantas Passengers, Passengers, Sleep, University of Sydney Locations: New York, London, Sydney, Australia
France plans to close tax loophole benefiting AirBnB
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Charles Platiau/File PhotoPARIS, June 9 (Reuters) - France's finance ministry is working on plans to close a tax loophole benefiting short-term furnished rentals such as AirBnB (ABNB.O), Finance Minister Bruno Le Maire said on Friday. A trio of cross-party lawmakers last month called for rules regulating such rentals to be tightened and for an end to the more favourable tax treatment such rentals receive vis a vis normal long-term rentals. "I have a hard time understanding the very favourable tax treatment for AirBnB. We are going to reform the tax rules and I will make proposals," Le Maire said on BFM TV. "When a windfall gets too big and tax is too favourable, there is no reason to keep such tax treatment that leads to excess," he added.
Persons: Charles Platiau, Bruno Le Maire, Le Maire, pollsters, Le Maire's, Leigh Thomas, Elizabeth Pineau, Louise Heavens Organizations: La Defense, REUTERS, Finance, Thomson Locations: La, Paris, France
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