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☆ Hakimi shines as PSG win 3-1 at Rennes
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

RENNES, Oct 8 (Reuters) - Paris St Germain returned to winning ways with a 3-1 win at Rennes after Achraf Hakimi scored one goal and created another on Sunday to help the capital club move up to third in Ligue 1 two points off the pace set by AS Monaco. Before Rennes could recover, the Roazhon Park crowd was silenced once again four minutes later when PSG right back Hakimi ghosted past an unsuspecting defence and headed in 17-year-old Warren Zaire-Emery's cross from close range. Rennes improved after the break and hit back in the 56th minute when they pounced on a loose pass and Amine Gouiri headed home Ludovic Blas's cross to halve the deficit. PSG's Luis Enrique brought on Randal Kolo Muani a minute later and the forward got on the scoresheet almost immediately with a first-time finish from Hakimi's pass, leaving Rennes shell-shocked and their coach Bruno Genesio fuming on the bench. Reporting by Rohith Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Paris St Germain, Achraf Hakimi, Clermont Foot, Ousmane Dembele, Vitinha, Warren, Ludovic Blas's, PSG's Luis Enrique, Randal Kolo Muani, Bruno Genesio fuming, PSG's Kylian Mbappe, Steve Mandanda, Frenchman, Rohith Nair, Ken Ferris Organizations: RENNES, Paris St, Rennes, Ligue, AS Monaco, PSG, Clermont, Newcastle United, Champions League, Thomson Locations: Paris, Rennes, Warren Zaire, Hakimi's, Bengaluru

☆ Saudi Arabia and the UAE are battling to become the Middle East's economic superpower
▼ + stars: | 2023-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +11 min

Saudi Arabia's crown prince is shaking up his economy in a move escalating its UAE rivalry. In March, Saudi Arabia unveiled Riyadh Air , a new airline serving as an alternative to the UAE's Emirates and Etihad Airways. If you want to do business with Saudi Arabia or Saudi state-owned entities, you've got to base your regional HQ in Saudi Arabia." "Saudi Arabia sees the separation project in Yemen as a way to let the Houthis control the north and therefore have a more-threatening border at the south of Saudi Arabia." Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSHow far the rivalry between the two nations goes largely depends on Saudi Arabia's actions.

Persons: Saudi Arabia's, Mohammed bin Salman, Sheikh Mohamed bin Zayed Al Nahyan, MBZ, Obama, You've, Kristian Ulrichsen, Rice, Sheikh Mohamed, Prince Mohammed, Sheikh Mohamed —, —, Leon Neal, Shaybah, Ulrichsen, Sheikh Zayed, Sultan Al Nahyan, Abu, Prince Mohammed bin Salman, Neom, Abishur Prakash, Jorg Greuel, Abdullah Alaoudh, Prakash, you've, Saudi Crown Prince Mohammed, Ludovic Marin, Mohammed's, Jamal Khashoggi, Biden, Baker Institute's Ulrichsen, Alaoudh, wouldn't Organizations: United Arab Emirates, UAE, Service, Baker Institute, Saudi, UAE —, Qatar, Dubai, United, Freedom Initiative, UAE's Emirates, Etihad Airways, Saudi Public Investment Fund, Newcastle United FC, English Premier League, Manchester City, Saudi Crown, Getty, Ritz Carlton, Saudi Royal Court, REUTERS, Saudi Aramco, United Nations Locations: Saudi, Wall, Silicon, Saudi Arabia, East, Washington, London, UAE, Persian, Al Ain, British, Qatar, Abu Dhabi, United Arab, Riyadh, Manchester City . Saudi Arabia, New Delhi, Istanbul, Yemen, Iran, Saudi Arabia's, Bandar, Ukraine

Saudi Crown Prince Mohammed bin Salman smiles during the New Global Financial Pact Summit at the Palais Brongniart in Paris, on June 22, 2023. Ludovic Marin | AFP | Getty ImagesSaudi Crown Prince Mohammed bin Salman said the prospect of normalizing relations with Israel is getting closer by the day, but signaled that the treatment of Palestinians remains a clinching point. Prince Mohammed dismissed reports that the two countries had suspended talks and acknowledged progress in negotiations. "Every day we get closer," he said in an Fox News interview aired on Wednesday — a rare sit-down with a Western media outlet for the Saudi crown prince. The two leaders agreed to work toward securing diplomatic ties between Saudi Arabia and Israel.

Persons: Prince Mohammed bin Salman, Ludovic Marin, Prince Mohammed, Joe, Abraham, Donald Trump, Benjamin Netanyahu, Biden, Netanyahu Organizations: New Global Financial, Palais, AFP, Getty, Saudi, Fox News, Israel, United, Wednesday, United Nations Locations: Saudi, Paris, Israel, Riyadh, Bahrain, United Arab Emirates, Sudan, Morocco, Washington, New York, Saudi Arabia

Paris CNN —Britain’s King Charles and Queen Camilla will finally arrive in France for a state visit Wednesday, six months later than initially planned. The packed royal itinerary for the rescheduled three-day visit to Paris and Bordeaux, ending Friday, is largely unchanged save for a few additions. One new engagement will see Charles and Camilla rub shoulders with top athletes at an event highlighting the advantages of sports for young people. France's President Emmanuel Macron was forced to postpone the original royal state visit back in March. Ronny Hartmann/AFP/Getty ImagesFurssedonn-Wood agreed that the public can expect “a bit of substance” from the royal visit in France.

Persons: Paris CNN — Britain’s King Charles, Queen Camilla, Emmanuel Macron, Charles, Camilla, Brigitte Macron, Macron, ”, Queen Elizabeth II, French King Louis XIV, Ludovic Marin, reigniting, Christine Ockrent, Charles ’, ” Charles, Camilla’s, French –, Rishi Sunak, Sunak, ” Sunak, Nathan Laine, Chris Fitzgerald, Elizabeth II, Christian Poncelet, Eric Fefeberg, Scott Furssedonn, Wood, Craig Prescott, Prescott, Frank, Walter Steinmeier, Elke Budenbender, Ronny Hartmann, it’s, they’re, “, They’ll Organizations: Paris CNN, Rugby, Bibliotheque Nationale de, Mirrors, France, Getty, CNN, UK, ’, European Union, Bloomberg, French, Getty Images, British, Royal Holloway, University of London, “, CNN’s Royal Locations: France, British, Germany, Paris, Bordeaux, Franco, Bibliotheque Nationale de France, Ukraine, Sahel, Elysee, of Versailles, Versailles, “, AFP, French, New Delhi, Berlin, Salle, United Kingdom, Barbados, Eastern Caribbean, Europe, Royal

☆ 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.

Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States

See below for some of the red carpet’s best looks so far. Johnny Nunez/Getty ImagesTinashe Gilbert Flores/Variety/Getty ImagesChloe Bailey Andrew Kelly/ReutersMåneskin mastered ensemble dressing in a selection of complementary outfits by Rick Owens. Jamie McCarthy/WireImage/Getty ImagesOlivia Rodrigo brought the sparkle in a low-cut bejeweled Ludovic de Saint Sernin silver gown made of 150,000 Swarovski crystals. Gilbert Flores/Variety/Getty ImagesColton Haynes Dimitrios Kambouris/Getty ImagesKarol G embraced the see-through trend in a sparkling sheer beige dress by French label Ashi Studio. Dia Dipasupil/FilmMagic/Getty ImagesOffset Evan Agostini/Invision/APDemi Lovato Jamie McCarthy/WireImage/Getty Images

Persons: ’, Mariah Carey’s risqué, Jared Leto, Emily Ratajkowski, Cardi, Dilara, Dipasupil, Selena Gomez Doug Peters, Shakira Noam Galai, Tiffany Haddish Gilbert Flores, Jared Leto Andrew Kelly, Doechii Jason Kempin, Billy Porter Kevin Mazur, Evan Agostini, Gilbert Flores, Anitta, Noam Galai, Bebe Rexha Angela Weiss, Stephen Sanchez, tote, Johnny Nunez, Tinashe Gilbert Flores, Chloe Bailey Andrew Kelly, Måneskin, Rick Owens, Angela Weiss, Ballerini, Jamie McCarthy, Olivia Rodrigo, Ludovic de Saint, Roger Vivier, Christopher Polk, Anthony Harvey, Megan Thee, Brandon Blackwood, Jacob &, Colton Haynes Dimitrios Kambouris, Karol G, Dia Dipasupil, Demi Lovato Jamie McCarthy Organizations: CNN, Prudential Center, Variety, Schiaparelli's, Couture, Getty, New York, Jewelry, Ashi, Dia Locations: Newark , New Jersey, Turkish, British, New

CNN —Russia on Sunday deemed the G20 Summit in India’s capital New Delhi an “unconditional success,” a day after the meeting’s final declaration stopped short of explicitly condemning its invasion of Ukraine. “At the same time, the G20 has nothing to be proud of in the part about Russia’s aggression against Ukraine. India's Prime Minister Narendra Modi and Russian Foreign Minister Sergei Lavrov shake hands ahead of the G20 summit. Earlier this month, Russian Foreign Minister Lavrov said Russia would block the final declaration of the G20 summit unless it reflects Moscow’s position on Ukraine and other crises. The summit had some high-profile absentees, with both Chinese leader Xi Jinping and Russian President Vladimir Putin staying away.

Persons: ”, Sergei Lavrov, Narendra Modi, Oleg Nikolenko, “, Antony Blinken, Ukraine “, CNN’s Jake Tapper, Ludovic Marin, Lavrov, ‘, ” Lavrov, Xi Jinping, Vladimir Putin Organizations: CNN, Sunday, Russian, ” Diplomats, Indian, Ukraine’s Foreign, Facebook, Meanwhile U.S, India's, Summit, Moscow State Institute of International Relations Locations: Russia, India’s, New Delhi, Ukraine, India, United States, Ukrainian, Meanwhile, Russian, AFP, Brazil, South Africa, Union

☆ France's Macron: there can be no Russian flag at Paris 2024
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] French President Emmanuel Macron speaks during a working meeting 500 days ahead of the Paris 2024 Summer Olympic and Paralympic Games at the Paris and Ile-de-France Prefecture in Paris, France March 14, 2023. Ludovic Marin/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Sept 7 (Reuters) - French President Emmanuel Macron said no Russian flag should fly at next year's Paris Olympics, with Russian athletes' participation an issue for the International Olympic Committee (IOC) to decide. "Of course, there can be no Russian flag during the Paris Games, I think there is a consensus on that matter. "The real question, that the Olympic organisation should decide upon, is what place can be given to the Russian athletes (...) an issue that should not be politicized." Some Ukrainian athletes see their nation's current blanket ban on competing against Russians and Belarusians - regardless of the flag athletes from those two countries compete under - as a self-inflicted wound damaging sports stars' careers.

Persons: Emmanuel Macron, Ludovic Marin, Macron, Julien Pretot, Benoit Van Overstraeten, Andrew Cawthorne Organizations: Paralympic Games, Rights, International Olympic Committee, Russian, Paris Games, L'Equipe, Thomson Locations: Paris, Ile, de, France Prefecture, France, Russian, Ukraine, Russia, Belarus

Payouts will come from a "fair fund" created under a settlement between Musk and the U.S. Securities and Exchange Commission, arising from Musk's August 2018 post on Twitter that he had "funding secured" for a Tesla buyout. The fund was originally $40 million, with Musk and Tesla each contributing $20 million, and grew to $42.3 million with interest payments. Last week, the SEC said 3,350 claimants would share the $41.53 million payout, recouping 51.7% of their losses. He is expected to ask the U.S. Supreme Court to throw out an appeals court decision upholding the decree. The case is SEC v Musk et al, U.S. District Court, Southern District of New York, No.

Persons: Elon Musk, Ludovic Marin, Musk, Jonathan Stempel, Andy Sullivan Organizations: SpaceX, Twitter, Chateau, REUTERS Acquire, U.S . Securities, Exchange Commission, SEC, Supreme, Forbes, Court, Southern District of, Thomson Locations: Versailles, Paris, France, U.S, Southern District, Southern District of New York, New York

☆ IMF managing director to meet leaders in China, go to Indonesia, India
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva attends in a round table to discuss global economy during the New Global Financial Pact Summit at the Palais Brongniart in Paris, France June 22, 2023. Ludovic Marin/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet with top leaders, before travelling to Indonesia and India for ASEAN and Group of 20 summits, an IMF spokesperson said on Tuesday. "During Aug. 30 to Sept. 3 the Managing Director will be visiting China to engage in bilateral discussions with China's senior leadership team," they said. Last month, the IMF raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were curtailing the medium-term outlook. Georgieva will be in Jakarta from Sept. 4 to Sept. 7 and New Delhi from Sept. 8 to Sept. 10, the spokesperson added.

Persons: Kristalina Georgieva, Ludovic Marin, China's, Georgieva, Joe Cash, Jacqueline Wong Organizations: International Monetary Fund, New Global Financial, Palais, Rights, Monetary Fund, China, ASEAN, Group, Association of Southeast Asian Nations, Fund, Thomson Locations: Paris, France, Rights BEIJING, Indonesia, India, China, Jakarta, New Delhi

Wegovy is the first-to-market in a new class of highly effective weight-loss drugs. The self-injection drug has transformed the fortunes of Novo, whose shares have surged about 165% since Wegovy's U.S. launch two years ago. The lion's share may be claimed by frontrunners Novo and its U.S. rival Eli Lilly and Co (LLY.N). Last month, Novo launched Wegovy in Germany, its first big European market. Reporting by Maggie Fick and Jacob Gronholt-Pedersen Editing by Josephine Mason and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Novo Nordisk Lars Fruergaard Jorgensen, LUDOVIC MARIN, Lars Fruergaard Jorgensen's, Jorgensen, Eli Lilly, Wegovy, Novo, Maggie Fick, Jacob Gronholt, Pedersen, Josephine Mason, Mark Potter Organizations: Novo Nordisk, Chateau, BMI, Reuters, frontrunners Novo, Pfizer, Thomson Locations: Versailles, Paris, COPENHAGEN, Europe, Danish, United States, Denmark, Norway, Brussels, Wegovy, Germany

☆ Space tourists will probably have sex up there, but they shouldn't get pregnant, researchers warn
▼ + stars: | 2023-08-09 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

If someone gets pregnant in space, the radiation could harm them or their embryo, scientists say. Space companies could end up with lawsuits and bad press if they don't talk to tourists about this. SpaceXIt may not even be possible to get pregnant in space, but it's probably not worth taking the chance. That's partly because space research has long been dominated by government agencies. Their findings may not be applicable to humans at all, but they offer hints that reproductive functions could be affected by space radiation and microgravity.

Persons: Jeff Bezos, Richard Branson, Origin's, Yusaku Maezawa, Dennis Tito, Sharon, Marc Hagle, Kris Lehnhardt, Lehnhardt, it's, hasn't, Sally Ride, Walter Villadei, Elon Musk, Ludovic Marin, We're, David Cullen, Cullen, Gonzalo Fuentes Organizations: Service, Shepard, Virgin, SpaceX, NASA, Engineers, Virgin Galactic, Chateau, Cranfield University, Reuters Locations: Wall, Silicon, Boca Chica , Texas, Versailles, Paris

☆ Ukraine has tested its allies' patience with its military strategy and demands
▼ + stars: | 2023-08-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

The phrase "whatever it takes" has become a mantra often repeated at public gatherings of allies assessing the war and the military needs of Ukraine. Most recently, tensions have emerged over Ukraine's military strategy and demands on NATO. And by threatening to boycott the summit, Zelenskyy had played a risky strategy, Shea noted, potentially setting the meeting up for failure. The key thing is to manage that [discrepancy] and prevent it doing lasting damage, and I think the Vilnius summit at least managed to prevent it doing lasting damage." Ukraine's military strategy — and the symbolic value it has put on fighting for every piece of Ukrainian territory — has sometimes collided with its allies' military perspective and pragmatism.

Persons: Volodymyr Zelensky, Gitanas Nauseda, Pedro Sanchez, Recep Tayyip Erdogan, Joe Biden, Giorgia Meloni, Jens Stoltenberg, —, Volodymyr Zelenskyy, Ben Wallace, Ludovic Marin, didn't, Zelenskyy, Washington, Biden, Jamie Shea, Shea, Beata Zawrzel, wasn't, they're Organizations: Spain's, Joe Biden Italy's, NATO, NATO Summit, Getty, Ukraine's, Kyiv, Britain's, AFP, Washington Post, CNBC, White, Ukraine, Emerging, LITEXPO Lithuanian, Center, Nurphoto, Bakhmut, Libkos Locations: Ukraine, Vilnius, Lithuania, Kyiv, Russia, U.S, Washington, London, United States, Soviet, Donetsk

NATO leaders wrapped up two days of meetings in Lithuania on Wednesday having reaffirmed political pledges to Ukraine, but failing to agree to a timeline for its admission to the alliance. Photo: Ludovic Marin/AFP/Getty ImagesThe U.S. and allies across Europe and the Asia-Pacific are holding together in confronting what they see as an increasingly entwined challenge from Russia and China, with a bout of diplomacy this past week showing the resilience as well as the limits of allied unity.

Persons: Ludovic Marin Organizations: Wednesday, Getty Locations: Lithuania, Ukraine, AFP, Europe, Asia, Pacific, Russia, China

Persons: Ludovic Marin Organizations: Wednesday, Getty Locations: Lithuania, Ukraine, AFP, Europe, Asia, Pacific, Russia, China

☆ Dedollarization of global FX reserves? Not so fast, Allianz says
▼ + stars: | 2023-07-13 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Recent moves led by China and Russia to challenge the dollar's global dominance has attracted much attention. But Allianz says the greenback's supremacy faces no serious threat, saying "any significant switch will take a long time to evolve". Dollar assets' unmatched liquidity and the private sector's heavy reliance on the greenback will support it over the longer term, according to the German financial services giant. But the greenback's status as the world's reserve currency faces no real threat for the foreseeable future, according to Allianz. The dollar still makes up almost 60% of all global reserves – while China's yuan accounts for just 3%, according to the International Monetary Fund.

Persons: Ludovic Subran, It's Organizations: Allianz, Service, International Monetary Fund Locations: China, Russia, Wall, Silicon, Argentina, Beijing

News analysisPresident Biden and the Ukrainian president, Volodymyr Zelensky, with G7 leaders at the NATO summit in Vilnius, Lithuania, on Wednesday. Mr. Zelensky has never pushed for Ukrainian NATO membership while the war is raging, nor has anyone else. Mr. Zelensky has never pushed for Ukrainian NATO membership while the war is raging. “I think the win here for Ukraine is the sort of cultural acceptance that Ukraine belongs in NATO,” he said. Image French President Emmanuel Macron has moved from opposition to Ukrainian membership in NATO to strong support for it.

Persons: Biden, Volodymyr Zelensky, ”, Zelensky, Mauricio Lima, John Kornblum, Mr, Kornblum, “, Emmanuel Macron, Michal Baranowski, François Heisbourg, ” Ben Wallace, Macron, Ludovic Marin, Jens Stoltenberg, Russia —, Olaf Scholz, Germany, Doug Mills, Camille Grand, Heisbourg, Ukraine can’t, ” Lara Jakes Organizations: NATO, Lithuania — NATO, Kyiv, Ukraine, Central, Ukrainian NATO, Grad, The New York Times, Ukraine Council, German Marshall Fund, “, ”, Washington, Agence France, Russia, New York Times, Ukraine —, European Council, Foreign Relations Locations: Vilnius, Lithuania, VILNIUS, Turkey, Ukraine, NATO, Ukrainian, American, Germany, France, Warsaw, “ Ukraine, Bucharest, French, United States, Bratislava, Central Europe, Russia

"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

☆ Chloé Bids Goodbye to Gabriela Hearst
▼ + stars: | 2023-07-06 | by ( Elizabeth Paton | More About Elizabeth Paton | ) www.nytimes.com time to read: +2 min

The NewsAfter months of speculation, Chloé said its creative director, Gabriela Hearst, was leaving the French fashion house after a three-year tenure. Why It Matters: Chloé was vying to become a beacon of sustainable fashionMs. Hearst, a Uruguay-born designer of women’s ready-to-wear and accessories, founded her namesake luxury label in New York in 2015 before joining Chloé in December 2020. To many observers the combination of Ms. Hearst and Chloé appeared to be a savvy match. But rumors throughout 2023 indicated that Ms. Hearst and Chloé might part ways, in part because of pressures placed on the designer by her trans-Atlantic schedule. Throughout her tenure, Ms. Hearst continued to run her New York-based business while leading the Chloé design studio in Paris.

Persons: Chloé, Gabriela Hearst, Hearst, Van Cleef, Riccardo Bellini, Hearst’s, Jeremy Scott, Tom Ford, Rhuigi, Ludovic de Saint Sernin, Ann Demeulemeester Organizations: Paris, Chloé, Cartier, B, Bally Locations: Uruguay, New York, Chloé, Paris, Moschino

☆ AI can pick top-performing private equity funds better than many institutional investors, Oxford study finds
▼ + stars: | 2023-07-04 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

AI can pick private equity firms to back better than many investors, per an Oxford study. Artificial intelligence can pick out top-performing private equity (PE) funds better than many institutional investors, according to research from the University of Oxford. Researchers trained an AI model to identify high-performing PE funds by reading 400 fundraising prospectuses and factoring in long sections that are often overlooked by investors, for a study by the Saïd Business School. Ludovic Phalippou, the lead researcher and a professor of financial economics at Oxford Saïd. But only a limited number of investors have the resources to take advantage of AI, so Phalippou expects to see consultants add it to their services.

Persons: Ludovic Phalippou, Oxford Saïd, Phalippou Organizations: University of Oxford, Saïd Business School, Oxford, Oxford Saïd, Coller Locations: Oxford

☆ Russia pulls back from brink of crisis after deal reached to end Wagner insurrection
▼ + stars: | 2023-06-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Alexey Nikolsky/AFP via Getty Images Putin judges an arm wrestling match while visiting the Seliger youth educational forum in Russia's Tver region in August 2011. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018.

Persons: Vladimir Putin’s, Wagner, Yevgeny Prigozhin, ” Prigozhin, ” Wagner, ”, Dmitry Peskov, “, Prigozhin, ” Peskov, Putin, Putin Putin, Joseph Stalin, –, “ Putin, Evelyn Farkas, ’, Vladimir Putin, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Pavel Bednyakov, Peter Zwack, Beth Sanner, ” Sanner, “ He’s, … Putin, Moscow’s, Priogozhin Organizations: CNN, Kremlin, Communist, McCain, Putin, Getty, Russian, ZUMA Press, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, Russia’s Southern Military District, US Army, National Intelligence for Mission, State Department, European Union Locations: Moscow, Belarus, Ukraine, Russia, Kremlin, Russia’s Belgorod, Putin Russian, Russian, Rostov, St . Petersburg, Leningrad, Germany, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, –, Canada, Italy, Japan, United Kingdom, Soviet, Kazakhstan

But it was surpassed on day one of the Paris show by Indian rival IndiGo's (INGL.NS) order for 500 Airbus narrowbody jets. Air India said it was worth $70 billion at list prices, though airlines typically get discounts on big orders worth at least half the headline price, analysts say. The Airbus part comprises 210 A320neo and A321neo narrowbody jets and 40 A350 widebodies. "Our ambitious fleet renewal and expansion programme will see Air India operate the most advanced and fuel-efficient aircraft across our route network within five years," Air India Chief Executive Campbell Wilson said in a statement. The mega-order will also put Air India on a stronger footing to compete with budget rival IndiGo, which has a majority share of the Indian market and a strong position in regional flights.

Persons: Royce, Campbell Wilson, LUDOVIC MARIN, Lars Wagner, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Mark Potter Organizations: India, Airbus, Boeing, Ethiopian Airlines, Paris, Air India, Air, Reuters Graphics Air, Visitors, International Paris Air, Le, Royce, Aero Engines, Tata, Emirates, IndiGo, . Leasing, Avolon, Philippine Airlines, Qantas, Thomson Locations: PARIS, India, Paris, Air India, France

☆ 6 ways the Russia-Ukraine war could play out in the wake of Ukraine's counteroffensive
▼ + stars: | 2023-06-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

Over a year since Russia invaded Ukraine, there still does not appear to be a clear end in sight. Here are six ways the war could play out and what victory might look like for either side. Russia's war in Ukraine has been raging on for over a year, and there is still no clear end to the conflict in sight. With the largest land war in Europe since 1945 now entering a new phase, here are six ways it could play out. One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO.

Persons: —, Volodymyr Zelenskyy, it's, Seth Jones, Mykhalchuk, Jones, SERGEY SHESTAK, Muhammed Enes Yildirim, Putin, He's, Zelenskyy, Vladimir Putin, LUDOVIC MARIN, they've, Spencer Platt, It's, Mark Cancian, Sergei Shoigu, Valery Gerasimov, Scott Peterson, Mark Milley, Eugen Kotenko, Vladimir Putin's Organizations: Service, Center for Strategic, Studies ', Security, Leopard, Getty, Anadolu Agency, Marine, intel, 95th Airborne Brigade, US Joint Chiefs of Staff, Publishing, Getty Images, NATO Locations: Russia, Ukraine, Europe, South Korean, AFP, Donetsk, Crimea, Russian, Ukrainian, Siversk, Luhansk, Zaporizhzhia, West, Kyiv, China

CNN —Children were among six people injured Thursday in a knife attack in Annecy, in southeast France, triggering a wave of panic in the small alpine town. French police secure the area after several children and an adult were injured in Annecy. Denis Balibouse/ReutersFrench MPs hold a minute's silence after the knife attack in Annecy. Health Minister François Braun tweeted that his thoughts were with the victims of the knife attack. “All my thoughts go immediately to the people injured by an individual armed with a knife in Annecy, and to their loved ones,” Braun tweeted.

Persons: Elisabeth Borne, Gérald Darmanin, Ferdinand, “, ” Ferdinand, ”, George, Denis Balibouse, Ludovic Marin, Emmanuel Macron, ” Macron, François Braun, ” Braun, François Astorg, Astorg Organizations: CNN, French, Interior, BFMTV, Reuters, Getty Images, Annecy . Children, Health, Aid Service, Annecy, Lawmakers, French National Assembly Locations: Annecy, France, Haute, Savoie, AFP

☆ France's Macron seeks to show he's no lame duck as pension discontent rumbles on
▼ + stars: | 2023-06-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

France's President Emmanuel Macron looks on in a meeting with JP Morgan CEO during the 5th edition of the "Choose France" Business Summit, in Versailles, southwest of Paris, on July 11, 2022. Around 8,000 demonstrators took to the streets of Toulouse, France, on June 06, 2023, protesting against the government. "They know Macron has no alternative than to rely on them, making it almost impossible to develop the centrist domestic project," he said. This is largely attributable to Macron's agenda," Schmieding said, adding France was replacing Germany was the most dynamic major European economy. French President Emmanuel Macron and Chinese President Xi Jinping shake hands at a Franco-Chinese business council meeting in Beijing, China April 6, 2023.

Persons: Emmanuel Macron, Morgan, Ludovic Marin, Chancellor Olaf Scholz, Macron, Renaud Foucart, Foucart, Les Republicains, Mujtaba Rahman, Rahman, Bruno Le Maire, Elon Musk, Holger Schmieding, Schmieding, Xi Jinping Organizations: Business, Afp, Getty, Nurphoto, Lancaster University, Eurasia Group, Macron, Finance, EU, U.S, Elon Locations: Versailles, Paris, Germany, Union, Toulouse, France, China, Ukraine, Europe, Beijing

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