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☆ Euro zone consumer confidence falls to -17.9 in October
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: 1 min

A customer shops at a Carrefour supermarket in Montesson near Paris, France, September 13, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsOct 23 (Reuters) - Euro zone consumer confidence fell by 0.1 points in October from the September number, figures released on Monday showed. The European Commission said a flash estimate showed euro zone consumer morale decreased to -17.9 this month from -17.8 in September. In the European Union as a whole, consumer sentiment remained unchanged at -18.7. For European Commission data click on: https://ec.europa.eu/info/business-economy-euro/indicators-statistics/economic-databases/business-and-consumer-surveys/latest-business-and-consumer-surveys_en#recent-press-releasesReporting by Anastasiia Kozlova in GdanskOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Anastasiia Kozlova Organizations: Carrefour, REUTERS, European Commission, Reuters, Union, Thomson Locations: Montesson, Paris, France, Gdansk

☆ South Africa show England how it's won
▼ + stars: | 2023-10-21 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

Rugby Union - Rugby World Cup 2023 - Semi Final - England v South Africa - Stade de France, Saint-Denis, France - October 21, 2023 South Africa's RG Snyman, Deon Fourie and teammates celebrate after the match as South Africa reach the final REUTERS/Sarah Meyssonnier Acquire Licensing RightsPARIS, Oct 21 (Reuters) - England played a wonderful kicking game against South Africa but their inability to score tries and their inferiority in the scrums eventually proved their undoing in their World Cup semi-final loss on Saturday. South Africa won seven of their eight scrums while England could only won three of their seven, and that eventually gave the defending champions the decisive momentum. England have not scored a try against South Africa at a World Cup since the pool phase in 2003. South Africa are current world champions and world number ones for a reason," Borthwick said. It was the second match in a row that South Africa won by a single point after prevailing 29-28 against hosts France last weekend.

Persons: Denis, Deon Fourie, Sarah Meyssonnier, Steve Borthwick's, Owen Farrell, Handre Pollard, Jacques Nienaber's, Ellis Genge, Borthwick, Farrell, Nienaber, It's, Julien Pretot, Hugh Lawson Organizations: Rugby Union, Rugby, England, Stade de France, Saint, Snyman, Rights, South, South Africa, Springbok, France, Thomson Locations: South Africa, France, England

☆ Karim Benzema: French Interior Minister makes baseless claim about soccer star
▼ + stars: | 2023-10-18 | by ( Ben Morse | Claudia Colliva | ) edition.cnn.com time to read: +4 min

Speaking to French outlet CNews on Monday, French Interior Minister Gérald Darmanin accused Benzema of having connections to the Muslim Brotherhood, a religious and political group which France considers a terrorist organization. And in recent weeks, I’ve been particularly interested, Mr. Benzema is linked, we all know it, notoriously with the Muslim Brotherhood. The Muslim Brotherhood is a religious and political group founded on the belief that Islam is not simply a religion, but a way of life. The Muslim Brotherhood officially rejects the use of violent means to secure its goals. There is no evidence that the Muslim Brotherhood has any connection to Hamas’ attack on Israel.

Persons: CNN —, Ballon, Karim Benzema, Gérald Darmanin, Benzema, Darmanin, I’ve, ’, Gilles Kepel, ”, Sarah Meyssonnier, ” Benzema, “, Benzema’s Organizations: CNN, French, Muslim, French Interior Ministry, UEFA Champions League, Real Madrid, Saudi Pro League, Al, France’s men’s, Palestinian Health Ministry, Reuters, Twitter, Muslim Brotherhood Locations: Israel, France, Ittihad, Gaza, Paris, Palestinian

☆ Oscar winner Yeoh joins IOC along with seven new members
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Michelle Yeoh poses. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsMUMBAI, Oct 17 (Reuters) - Michelle Yeoh, the first Asian actress to win an Oscar, joined the International Olympic Committee (IOC) on Tuesday after being voted in as a member at a ceremony in Mumbai. She was one of eight new proposed members to join the Olympic body at its session in the Indian financial capital. A former Malaysian junior squash champion, Yeoh won the Oscar for best lead actress earlier this year for her role in the film, "Everything Everywhere All at Once". Mehrez Boussayene, President of the Tunisian Olympic Committee, also joined.

Persons: Michelle Yeoh, Sarah Meyssonnier, Oscar, Yeoh, Pierce Brosnan, Jean Todt, Yael Arad, Israel's, Balasz Furjes, Cecilia Roxana Tait Villacorta, Michael Mronz, Furjes, Sweden's Petra Soerling, South Korean Kim Jae, Mehrez Boussayene, Karolos Grohmann, Peter Rutherford Organizations: Cannes, Rights, International Olympic Committee, Hollywood, United Nations Goodwill, FIA, IOC, Tennis Federation, South, International Skating Union, Tunisian Olympic Committee, Thomson Locations: Cannes, France, Rights MUMBAI, Mumbai, Malaysian, Chinese, Hungarian, Olympic, Peru, Hungary, Germany, South Korean

☆ Euro zone consumers see inflation slightly above ECB target for years
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsFRANKFURT, Oct 11 (Reuters) - Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed, as rate-setters struggle to convince the public that their plans for taming price pressures are on track. While consumer expectations for inflation are by nature imprecise, they can influence wage demands, spending and saving. Consumers' views about inflation in the coming 12 months showed a slight increase to 3.5%, from 3.4% in July. The ECB has said that long-term inflation expectations from economists, investors and consumers are "at around 2%", but cautioned that some projections have risen and should be monitored. But they turned more optimistic about their income - seen growing by 1.2% from 1.1% - and raised their predictions for home price inflation, to 2.3% from 2.1%, for the first time since March.

Persons: Sarah Meyssonnier, Francesco Canepa, Alison Williams, John Stonestreet Organizations: Carrefour, REUTERS, Rights, Central, ECB, Thomson Locations: Montesson, Paris, France

☆ Strained France-Germany ties slow EU decision making
▼ + stars: | 2023-10-09 | by ( Michel Rose | ) www.reuters.com time to read: +6 min

From joint defence programmes to nuclear energy or relations with China, Paris and Berlin are at odds over a growing number of issues. In an August speech Macron made his frustration public, calling Germany's position on nuclear energy "a historic mistake". Germany decided to phase out nuclear energy after Japan's Fukushima disaster in 2011, closing its last reactors in April. It is unclear if France and Germany can hash out a deal in Hamburg ahead of a crucial EU energy meeting on Oct. 17, but analysts are doubtful. Although the concept was criticised for having failed with Russia, German officials believe trade ties with a country like China could prevent conflict.

Persons: Emmanuel Macron, Olaf Scholz, Sarah Meyssonnier, Macron, Detlef Seif, Marc, Antoine Eyl, Wolfgang Munchau, hasn't, Wandel, Handel, Noah Barkin, Sarah Marsh, Kate Abnett, Michel Rose, Rachel Armstrong, Elaine Hardcastle Organizations: Weimar, REUTERS, German Christian Democratic Union, BASF, Reuters, EDF, Franco, GMF, Thomson Locations: Paris, France, Hamburg, Berlin, China, German, Germany, Ukraine, Europe, EU, Franco, Italian, Russia, Brussels, Beijing

☆ Chanel shows mismatched hems and flip-flops at Paris Fashion Week
▼ + stars: | 2023-10-03 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/6] Model Vittoria Ceretti presents a creation by designer Virginie Viard as part of her Spring/Summer 2024 Women's ready-to-wear collection show for fashion house Chanel during Paris Fashion Week in Paris, France, October 3, 2023. REUTERS/Sarah Meyssonnier Acquire Licensing RightsPARIS, Oct 3 (Reuters) - Chanel designer Virginie Viard unveiled a breezy, warm-weather collection in Paris on a drizzly Tuesday, showcasing a colourful lineup of asymmetric styles, paraded by models in flip-flops and thick-framed glasses. The models cut through the centre of the sprawling space of the Grand Palais Ephemere exhibit hall in central Paris, parading tweed skirt sets with uneven hems, patchwork ensembles and lightweight dresses that trailed down in the back. The show took place on the last day of Paris Fashion Week, which has drawn crowds of industry press and celebrities to the French capital, topping off a season of runway presentations that also took place in New York, London and Milan. Reporting by Mimosa Spencer, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Vittoria Ceretti, Virginie Viard, Chanel, Sarah Meyssonnier, Penelope Cruz, Usher, Jennie Kim, Mimosa Spencer, William Maclean Organizations: Paris, REUTERS, Rights, Paris Fashion, Thomson Locations: Paris, France, New York, London, Milan

☆ Sean McGirr named as creative director of Alexander McQueen
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 3 (Reuters) - Sean McGirr was named by French luxury goods group Kering as creative director of British label Alexander McQueen on Tuesday. His appointment comes amid a broader restructuring at Kering as it seeks to rejuvinate sales at its star label Gucci. The McQueen label is one of several brands that Kering has flagged for development into beauty products, alongside Bottega Veneta and Balenciaga. Reporting by Mimosa Spencer; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Sean McGirr, Alexander McQueen, McGirr, JW Anderson, Sarah Burton, Gucci, Kering, McQueen, Gianfilippo Testa, Mimosa Spencer, Alexander Smith Organizations: REUTERS, Rights, JW, London, Central Saint Martins, Bottega Veneta, Balenciaga, Thomson Locations: Paris, France, Van, Kering

☆ UN body questions French move to bar its athletes from wearing hijab at Paris 2024
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Rugby Union - Rugby World Cup Tournament Opening Press Conference - Roland Garros, Paris, France - September 4, 2023 Minister for Sport and the Olympic and Paralympic Games of France, Amelie Oudea-Castera during the press conference REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsGENEVA, Sept 27 (Reuters) - A United Nations body has criticized France's ban on its athletes wearing the hijab at next year's summer Olympics. Asked about the decision to ban French athletes from wearing the hijab at the Paris event, a spokesperson for the U.N. human rights office said: "no one should impose on a woman what she needs to wear, or not wear." The comments come days after French Sports Minister Amélie Oudéa-Castéra said French athletes would be barred from wearing a hijab during the Paris Games to respect principles of secularism. Paris will host the Summer Olympics from July 26 to Aug. 11 next year. Reporting by Gabrielle Tétrault-Farber Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Amelie Oudea, Sarah Meyssonnier, Marta Hurtado, Amélie Oudéa, Castéra, Gabrielle Tétrault, Farber, Mark Potter Organizations: Rugby Union, Rugby, Sport, Olympic, Paralympic Games of France, Rights, United Nations, French Sports, Paris Games, Thomson Locations: Paris, France

☆ Poland says it will bid to hold Olympics in 2036
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

Poland, which hosted the multi-sports European Games this summer in Krakow and Malopolska, has never hosted an Olympic Games, summer or winter. The International Olympic Committee has awarded the 2032 Games to Brisbane, while there are already several interested potential candidates for the 2036 Games. "From everything the EOC saw there, Poland is well qualified to host the Olympic Games too," Arat said. The IOC usually awards the summer Olympics at least seven years in advance. Paris will host next year's summer Games while Los Angeles will stage the 2028 Games.

Persons: Henryk Reyman, Sarah Meyssonnier, Andrzej Duda, Hasan Arat, Arat, Alan Charlish, Pawel, Karolos Grohmann, Sharon Singleton Organizations: European Games REUTERS, Rights, Olympic Games, Polish Olympic, Sport, Games, Olympic, European Olympic, European Games, Olympics, IOC, Thomson Locations: Krakow, Poland, Indonesia, Mexico, India, Malopolska, Zakopane, Brisbane, Turkey, Hungary, Gulf, Paris, Los Angeles

The data, compiled by NielsenIQ, showed overall sales volumes for shower gel, tampons, dishwashing products, laundry detergent and toilet paper declined in the year ended Sept. 17. Reuters GraphicsMajor brands like Ariel laundry detergent and Dove soaps have for years dominated the market versus retailers' private label goods. But the NielsenIQ data shows volumes for private label personal products are inching up while those for big brands decline. For instance, shower gel volumes fell 6% overall and 10% for big brands but rose 14% for private label products. Similarly, while laundry detergent volumes were down about 2% across the category and fell 10% for big brands, they surged 28% for private label brands.

Persons: Sarah Meyssonnier, NielsenIQ, Anton Delbarre, Emmanuel Macron's, Bernstein, Bruno Monteyne, Alexandre Bompard, Henkel, Eurocommerce, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Carrefour, REUTERS, Unilever, Reuters, Nestle, Pepsico, Reuters Graphics, Consumer, Procter, Gamble, Delbarre, Thomson Locations: Montesson, Paris, France

☆ Xavier Niel buys Czech investor Kretinsky's stake in Le Monde
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Xavier Niel, founder of French broadband Internet provider Iliad, arrives for a hearing on the concentration of media ownership in the country, at the French Senate in Paris, France, February 18, 2022. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsCompanies NJJ Presse SASU FollowPARIS, Sept 23 (Reuters) - NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky's stake in daily Le Monde and committed to transferring this and its existing stake to a fund defending press freedom, it said on Saturday. Finance tycoon Matthieu Pigasse, who had sold part of his stake in Le Monde to Kretinsky, will also put his shares in the fund, NJJ said. The Financial Times had reported shortly before that an agreement was close on a buyout of the shares of the Czech energy magnate, a transaction worth around 50 million euros. ($1 = 0.9388 euros)Reporting by Gilles Guillaume and Sybille de La Hamaide; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Xavier Niel, Sarah Meyssonnier, Daniel Kretinsky's, NJJ, Matthieu Pigasse, Gilles Guillaume, Sybille de La, Alexandra Hudson Organizations: French, REUTERS, Le Monde, NJJ Presse, NJJ, Fund, Reuters . Finance, Financial Times, Alexandra Hudson Our, Thomson Locations: Paris, France, NJJ, Czech, Le, NJJ Presse

☆ Oil price spike does not change European Central Bank's view on inflation, Villeroy says
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Bank of France Governor Francois Villeroy de Galhau delivers a speech during the annual meeting of Small and Medium-sized Enterprises leaders at the Bank of France in Paris, France, October 22, 2021. "Gasoline consumption at the pump represents roughly 5% of our total consumption, so it is a small part of total inflation, even if it is what is most visible," he told France Inter radio. "I will say it again this morning, our forecast and our commitment is to bring inflation towards 2% by 2025," he added. Villeroy also reiterated that ECB rates were at a good level and called for patience. "We have passed the peak of inflation, there even seem to be a turnaround in underlying inflation (...) now we have to be perseverant, keep rates at this level for as long as it takes," he said.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Francois Villeroy de, Villeroy, Patience, Sybille de La Hamaide, Gilles Guillaume Our Organizations: France, Bank of France, REUTERS, Rights, European Central Bank, ECB, France Inter, Brent, Thomson Locations: Paris, France, Saudi Arabia, Russia, Ukraine

☆ Euro zone economy likely contracted this quarter
▼ + stars: | 2023-09-22 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

LONDON, Sept 22 (Reuters) - The euro zone economy is likely contract this quarter and won't return to growth anytime soon, a survey showed, as the dampening effect of central banks' long campaign of interest rates rises becomes clearer. HCOB's flash euro zone Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, rose to 47.1 in September from August's 33-month low of 46.7. "The increase in the ECB key interest rate by 450 basis points in the meantime is slowing down the economy in all euro countries." OUT OF ORDERSeptember's fall in overall activity in the euro zone came despite firms barely increasing their charges. The services PMI rose to 48.4 from 47.9 but spent its second month below the breakeven mark this year.

Persons: Christoph Weil, France's, Andrew Bailey, Sarah Meyssonnier, Bert Colijn, Jonathan Cable, Toby Chopra Organizations: P Global, August's, Hamburg Commercial Bank, ECB, PMI, European Union, Bank of England, Carrefour, REUTERS, European Central Bank, ING, Thomson Locations: Hamburg, Germany, Commerzbank, Europe's, Britain, Montesson, Paris, France, Spain

JPMorgan had handled some Russian grain export payments for a few months with reassurances from Washington. However, that cooperation stopped in early August, said Russia's Foreign Ministry, after Moscow quit the Black Sea grain deal in July. UNDERMINING U.N. EFFORTSU.N. Secretary-General Antonio Guterres told the Security Council on Wednesday that Russia's bombardment was undermining U.N. efforts to help facilitate Russian food and fertilizer exports. To convince Russia to agree to the Black Sea deal, U.N. officials agreed to help Russian exports reach global markets. "It has led many of those whose goodwill is needed, notably in the private sector, to question whether there is any real interest in re-joining the Black Sea Initiative."

Persons: Morgan, Sarah Meyssonnier, Moscow, James O'Brien, ”, O'Brien, Antonio Guterres, Guterres, Sergei Lavrov, Daphne Psaledakis, Humeyra Pamuk, Michelle Nichols, Michael Perry Organizations: JPMorgan, REUTERS, Washington, State Department, Reuters, Wednesday, Foreign Ministry, State Department's Office, United Nations, Security, Black Sea Initiative, United, Russia's, Russian Foreign Ministry, Guterres, Thomson Locations: Paris, France, U.S, Moscow, Ukraine, Washington, Russia, New York, United Nations, Turkey, United

☆ French supermarkets to demand food groups cut prices by up to 5%
▼ + stars: | 2023-09-20 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

French retailers have criticised consumer goods giants like Unilever and Nestle for price hikes they say are unjustified. The government has also put pressure on the consumer goods makers to cut prices. "We should probably be able to demand that the big (consumer goods) groups cut prices by between 2% and 5%," he said. Consumer goods firms are likely to face increased pressure across Europe to cut prices, industry experts say. Lawmakers also asked about buying alliances, which some supermarkets use to negotiate prices jointly with peers at the European level, and whether they enable retailers to evade French regulations on pricing.

Persons: Sarah Meyssonnier, Les Mousquetaires, Thierry Cotillard, Cotillard, Mousquetaires, Jan, Alexandre Bompard, Lawmakers, Systeme, Dominique Schelcher, E Leclerc, Philippe Michaud, Miloud, Leclerc, Michaud, Helen Reid, Hugh Lawson Organizations: REUTERS, Unilever, Nestle, Carrefour, Senate, REWE, Thomson Locations: Carrefour, Montesson, Paris, France, Portugal, Spain, Europe, Greece, London

☆ French consumers forced to cut back on essentials, Carrefour CEO warns
▼ + stars: | 2023-08-29 | by ( Dominique Vidalon | ) www.reuters.com time to read: +4 min

"We are seeing a non-spending tsunami in France," Chairman and Chief Executive Alexandre Bompard told Franceinfo radio. The government is eager to get food inflation - more than twice the overall French inflation rate of 5.1% in July - on a downward path, wary that such high levels could undermine fragile consumer confidence. 'SITUATION OF DEPRIVATION'"They see their margins increase while the French are in a situation of deprivation," Bompard told Franceinfo. On Tuesday, Le Maire vowed to step up pressure on retailers and producers to accelerate price cuts. "I am meeting retailers tomorrow and the producers the day after tomorrow ... with one objective: accelerate the fall of prices."

Persons: Alexandre Bompard, Sarah Meyssonnier, Bompard, FinMin Le Maire, Bruno Le Maire, Henkel, Franceinfo, Le Maire, Dominique Vidalon, Geert de Clercq, Silvia Aloisi, David Goodman, Conor Humphries Organizations: Carrefour, Entrepreneurs de France, Paris, Paris Longchamp Racecourse, REUTERS, Wednesday PARIS, Finance, Retailers, Procter, Gamble, Unilever, G, Henkel, Thomson Locations: Paris Longchamp, Paris, France, Carrefour

☆ U.S. men claim crushing victory in 4x400m relay
▼ + stars: | 2023-08-27 | by ( Mitch Phillips | ) www.reuters.com time to read: +1 min

Athletics - World Athletics Championship - Men's 4x400m Relay Final - National Athletics Centre, Budapest, Hungary - August 27, 2023 Quincy Hall, Justin Robinson, Rai Benjamin and Vernon Norwood of the U.S. celebrate after winning the Men's 4x400m Relay REUTERS/Sarah Meyssonnier Acquire Licensing RightsBUDAPEST, Aug 27 (Reuters) - The United States maintained their vice-like grip of the men’s 4x400 metres relay on Sunday when they emphatically won their ninth world gold from the last 10 finals. The U.S., who have also won four of the last five Olympic golds, came home well clear in 2:57.31. France took silver as a national record 2:58.45 gave them their first medal of the championships in the penultimate event. Britain took bronze in 2:58.71, holding off back to back silver medallists Jamaica. Reporting by Mitch Phillips, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Justin Robinson, Rai Benjamin, Vernon Norwood, Sarah Meyssonnier, Mitch Phillips, Pritha Sarkar Organizations: National Athletics Centre, REUTERS, Rights, United, Quincy Hall, Jamaica, Thomson Locations: Budapest, Hungary, United States, U.S, France

☆ U.S. women disqualified from 4x400m relay after baton fail
▼ + stars: | 2023-08-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

The U.S. were trailing Britain after three legs when Alexis Holmes initially failed to collect the baton from Quanera Hayes and by the time she got hold of it she appeared to have gone beyond the "blue box". The U.S. recovered to finish second behind the British in the heat but were marked as disqualified. Jamaica, perennial global silver medallists in recent years, won the second heat in 2:59.82, with fast-finishing France and Italy following them through. Fifth-placed Belgium, bronze medallists in the last two worlds, did not make it. Reporting by Mitch Phillips, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexis Holmes, Quanera Hayes, Sarah Meyssonnier, Justin Robinson, Rajesh Ramesh, Mitch Phillips, Ken Ferris Organizations: Athletics Centre, Rights, United, Saturday's, Fifth, Thomson Locations: Budapest, Hungary, U.S, United States, Jamaica, Canada, India, Botswana, France, Italy, Belgium

☆ GAM’s end game still has a way to go
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsMILAN, Aug 24 (Reuters Breakingviews) - GAM’s (GAMH.S) long-running takeover saga has entered a critical phase. The ball is now with the opposing shareholders, which control nearly 10% of the asset manager. The NewGAMe crowd has proposed issuing a 25 million Swiss franc convertible bond to give GAM some breathing space. But this won’t cover expected losses, restructuring charges and pension costs amounting to at least 100 million Swiss francs, GAM has calculated. As things stand, to win the game of rescuing this embattled asset manager, investors will have to dig deep.

Persons: Xavier Niel, Sarah Meyssonnier, NewGAMe’s, Lisa Jucca, Coinbase’s, Aimee Donnellan, Streisand Neto Organizations: French, REUTERS, Reuters, Management, GAM, X, Thomson Locations: Paris, France, French, Ukraine

☆ Slide in euro zone service sector sharpens ECB's rates dilemma
▼ + stars: | 2023-08-23 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

LONDON, Aug 23 (Reuters) - Euro zone business activity declined far more than thought in August with the slide in Germany particularly fast, while some inflationary pressures returned, surveys showed. Euro zone government bond yields and the euro tumbled after Wednesday's data as traders bet the ECB may soon pause its interest-rate hiking campaign. SERVICE SECTOR SLIDESThe euro zone services PMI sank as indebted consumers feeling the pinch from rising borrowing costs reined in spending. The services output prices index remained elevated at 55.9, albeit the lowest since October 2021 and below July's 56.1. "Another weak PMI for the euro zone confirms a sluggish economy with recession as a downside risk.

Persons: Mark Wall, Sarah Meyssonnier, Bert Colijn, Jonathan Cable, Hugh Lawson, Toby Chopra Organizations: European Central Bank, Reuters, PMI, Deutsche Bank, ECB, P Global, REUTERS, European Union, ING, Thomson Locations: Germany, July's, Europe's, Paris, France

☆ Richardson and Jackson on course for 200m showdown
▼ + stars: | 2023-08-23 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Fourth-placed 100m finisher Marie-Josee Ta Lou of the Ivory Coast went through from the same heat, while defending champion Jackson was in cruise control winning her heat in 22.50. It's my first time on the track and I managed to get out strong and come through," Thomas said. "I think I can run my world lead time again when I need to but I don't think that will be enough to win gold. I think all the girls in the final will be under 21.60, so it's going to be fast. The track is really fast, it really is.

Persons: Sha'carri Richardson, Cote, Cote D'Ivoire's Marie, Josee, Lou, Sarah Meyssonnier, Sha'Carri Richardson, Jamaica's Shericka Jackson, Richardson, Allyson Felix, Jackson, Gabby Thomas, Thomas, Briton Dina Asher, Smith, Asher, I've, Shelly, Ann Fraser, Pryce, Krystsina Tsimanouskaya, Mitch Phillips, Pritha Sarkar Organizations: Athletics Centre, Cote D'Ivoire's, Rights, U.S, Tokyo, Thomson Locations: Budapest, Hungary, U.S, Ivory, Belarus

☆ Our top photos from the World Athletics Championships
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: 1 min

[3/36]Alexis Holmes of the U.S. crosses the line to win the final as Netherlands' Femke Bol falls during the 4x400m relay mixed. REUTERS/Sarah MeyssonnierBUDAPEST, Hungary

Persons: Alexis Holmes, Femke Bol, Sarah Meyssonnier Organizations: REUTERS Locations: U.S, Netherlands, Sarah Meyssonnier BUDAPEST, Hungary

☆ Australia to buy U.S. Tomahawk missiles to boost long-range strike capability
▼ + stars: | 2023-08-21 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Australia's Defence Minister Richard Marles attends a joint news conference with France's Foreign and Defence ministers at the Quai d'Orsay in Paris, France, January 30, 2023. REUTERS/Sarah Meyssonnier Acquire Licensing RightsSYDNEY, Aug 21 (Reuters) - Australia will spend A$1.3 billion ($833 million) to boost its long-range strike capabilities as it finalised on Monday a deal to buy more than 200 Tomahawk cruise missiles from the United States, part of a wide-ranging defence shake-up. Australia will be only one of three nations to have Tomahawks along with the U.S. and Britain, Defence Minister Richard Marles said. Earlier this year it agreed to work with the United States and Britain to develop a nuclear-powered submarine fleet. In addition to the Tomahawks, Australia would spend about A$431 million to purchase more than 60 advanced anti-radiation guided missiles from the United States, the defence minister said.

Persons: Richard Marles, Sarah Meyssonnier, Marles, ., Renju Jose, Stephen Coates Organizations: Australia's, France's Foreign, Quai d'Orsay, REUTERS, Rights, U.S, Defence, Defence Force, U.S . State Department, RTX Corp, Royal Australian, High, Artillery Rocket Systems, Thomson Locations: Paris, France, Australia, United States, Britain, Hobart, China, Sydney

☆ American Richardson claims world gold in women's 100m
▼ + stars: | 2023-08-21 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

[1/5] Athletics - World Athletics Championship - Women's 100m Final - National Athletics Centre, Budapest, Hungary - August 21, 2023 Sha'carri Richardson of the U.S. celebrates after winning the women's 100m final REUTERS/Sarah Meyssonnier Acquire Licensing RightsBUDAPEST, Aug 21 (Reuters) - United States sprinter Sha'Carri Richardson finally delivered on three years of promise when she overcame the challenge of being stuck out in lane nine by delivering a late surge to win world 100 metres gold on Monday. Richardson clocked 10.65 seconds after catching Jamaica's Shericka Jackson, who took silver in 10.72. Jamaican Shelly-Ann Fraser-Pryce, who was seeking a remarkable sixth world 100m title at the age of 36 after an injury-hit season, had to settle for bronze in 10.77. Jackson, in lane four, had opened a clear gap and was still ahead at 80 metres before Richardson swept through and raised her arm in triumph. Richardson is the first U.S. winner of the women's 100 since the triumph in 2017 of Tori Bowie , who died this year aged 32.

Persons: Sha'carri Richardson, Sarah Meyssonnier, Sha'Carri Richardson, Richardson, Jamaica's Shericka Jackson, Shelly, Ann Fraser, Pryce, Jackson, Tori Bowie, Mitch Phillips, Ken Ferris Organizations: National Athletics Centre, Rights, United, Tokyo, Thomson Locations: Budapest, Hungary, United States, Eugene, Jackson

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