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☆ Oil rises marginally as markets weigh inventory data, US ratings downgrade
▼ + stars: | 2023-08-03 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Both benchmarks had been trading at near their highest levels since April on Wednesday, but closed down 2% amid risk-off investor sentiment following the ratings downgrade. Wall Street's three main indexes closed lower and Treasury yields rose on Wednesday as uncertainty rippled through financial markets. U.S. crude stocks fell by a record 17 million barrels last week as refiners stepped up runs and exports topped 5 million barrels per day (bpd), the Energy Information Administration said on Wednesday. The inventory drawdown, which dramatically exceeded analysts' expectations in a Reuters poll of 1.4 million barrels, pointed to global demand outpacing supply as deep cuts from major producers continue.

Persons: Christian Hartmann, Fitch, refiners, Andrew Hayley Our Organizations: REUTERS, Brent, U.S, West Texas, AAA, U.S ., Energy Information Administration, Organization of, Petroleum, Reuters, Thomson Locations: Scheibenhard, Strasbourg, France, BEIJING, U.S, Saudi Arabia, Russia, Moscow

☆ Peace-themed torch unveiled for Paris 2024 Olympics
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Paris 2024 Olympics - Press conference to unveil the design of the Paris 2024 Olympic and Paralympic Torch - Saint-Denis, France - July 25, 2023 Designer Mathieu Lehanneur speaks at a press conference during the unveiling of the Paris 2024 Olympic torch's design REUTERS/Pascal RossignolPARIS, July 25 (Reuters) - The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection of the Eiffel Tower on the ruffled surface of the Seine river and conveying a peaceful energy, its designer said. Creator Mathieu Lehanneur said the rounded torch was symmetrical from top to bottom and through 360 degrees, its soft curves representing peacefulness and its symmetry standing for equality between athletes. Lehanneur said he hoped the torch conveyed a visual representation of the sporting event Paris 2024 wants to deliver. "I wanted to move away from the torch appearing as an object of conquest," designer Mathieu Lehanneur told a news conference a year ahead of the Paris Games, adding that designing the torch proved infinitely more technical than he imagined at the outset. Paris 2024 chief Tony Estanguet called the torch "very, very beautiful."

Persons: Denis, Mathieu Lehanneur, Pascal Rossignol PARIS, Lehanneur, Michel, Tony Estanguet, Louise Dalmasso, Richard Lough, Pritha Sarkar Organizations: Press, Paris, Eiffel, Paris Games, Games, Saint, Thomson Locations: France, peacefulness, Seine, Olympia, Marseille, Strasbourg, Paris

☆ EU Parliament backs landmark law to restore Europe's nature
▼ + stars: | 2023-07-12 | by ( Caolán Magee | ) edition.cnn.com time to read: +3 min

CNN —The European Parliament on Wednesday voted in favor of legally binding targets to protect and restore nature in the European Union, despite strong opposition from some policymakers. The flagship EU nature law will also require countries to introduce measures to restore nature on a fifth of their land and sea by 2030. It is the first major piece of legislation to protect biodiversity in the EU in the last 30 years, according to Greenpeace. Swedish climate campaigner Greta Thunberg reacts as she attends a voting session on EU nature restoration law during a plenary session at the European Parliament in Strasbourg. Frederick Florin/AFP/Getty ImagesEU lawmakers and member countries will now negotiate the final text, aiming for a deal before EU Parliament elections in 2024.

Persons: what’s, Špela, Manfred Weber –, Manfred Weber, Mykhaylo Palinchak, ”, Ireland’s Frances Fitzgerald, “, ” Fitzgerald, Greta Thunberg, Frederick Florin Organizations: CNN, European Union, Greenpeace, Greenpeace’s, European People’s Party, EPP, EU Parliament’s, Twitter, Socialists, Democrats, Greens, Getty, European Environment Agency Locations: EU, Greenpeace’s Central, Eastern Europe, Europe, Swedish, Strasbourg, AFP

☆ Ukraine's Wimbledon semi-finalist Svitolina has no time to lose
▼ + stars: | 2023-07-11 | by ( Pritha Sarkar | ) www.reuters.com time to read: +2 min

LONDON, July 11 (Reuters) - There is a reason why Elina Svitolina has been an unstoppable force at Wimbledon this year. "I don't have time to lose anymore," the Ukrainian wildcard said on Tuesday after toppling world number one Iga Swiatek to reach the Wimbledon semi-finals for a second time in four years. "I think war made me stronger and also made me mentally stronger," she said referring to her homeland being invaded by Russia in what Moscow calls a 'special military operation'. Svitolina credits her rich run of form to the fact that she realises time is her worst enemy. I don't know how many years I will be playing more," said Svitolina, who must beat Czech Marketa Vondrousova to reach a first slam final.

Persons: Elina Svitolina, Skai, Venus Williams, Sofia Kenin, Victoria Azarenka, Svitolina, I'm, Roland Garros, Pritha Sarkar, Ken Ferris Organizations: Wimbledon, Centre Court, Thomson Locations: Russia, Moscow, Strasbourg, Czech

☆ Paris protest over police violence banned in aftermath of riots
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +3 min

PARIS, July 8 (Reuters) - Paris police banned a protest on Saturday against violence by the force, a week after France was rocked by riots sparked by the killing of a teenager in a suburb of the French capital. French authorities and politicians including President Emmanuel Macron have denied institutional racism within the country's law enforcement agencies. The demonstration against alleged police violence and racial discrimination was initially planned as a march in Beaumont-sur-Oise, another Paris suburb, where Traore died in 2016. Separately, the French foreign ministry on Saturday denied a UN Committee on the Elimination of Racial Discrimination (CERD) allegation of racial discrimination and excessive use of force by French law enforcement officials. "Any accusation of systemic racism or discrimination by law enforcement in France is unfounded", the foreign ministry said, echoing similar statements it has made previously.

Persons: Emmanuel Macron, Nahel, Adama Traore, Frenchman, George Floyd, Traore, Mathilde Panot, Tassilo Hummel, Alexander Smith Organizations: la Republique, UN, Thomson Locations: Paris, France, la, United States, Beaumont, sur, Oise, Marseille, Strasbourg, Nahel

The interior ministry said 719 people were arrested on Saturday night, fewer than the 1,311 the previous night and 875 on Thursday night. Their action ... made for a quieter night," the ministry said on Twitter. The biggest flashpoint overnight was Marseille, where police fired teargas and fought street battles with youths around the city centre late into the night. MAYOR'S HOME ATTACKEDIn Paris, police increased security overnight at the city's famous Champs Elysees avenue after a call on social media to gather there. Paris police said six public buildings were damaged and five officers wounded overnight.

Persons: Nahel, Emmanuel Macron, Laurent Nunez, teargas, Juan Medina, MAYOR'S, Elisabeth Borne, Bruno Le Maire, Yann Wernert, Jacques Delors, Elizabeth Pineau, Benoit Van Overstraeten, Alison Williams, Alex Richardson Organizations: Authorities, Twitter, France, REUTERS, China's Consular, MAYOR'S HOME, Finance, Thomson Locations: Paris, North, PARIS, France, Moroccan, Nanterre, Germany, Marseille, China, L'Hay, Nice, Strasbourg, tobacconists, tatters, Berlin

☆ China complains to France after Chinese tourists hurt in riots
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

The Consulate General's formal complaint called for France to ensure the safety of Chinese citizens and their property, the statement said. The bus was attacked by rioters on Thursday, according to state broadcaster CCTV, during violence which hit French cities in recent days since the police shooting of a teenager of North African descent. The Chinese tourists have since left France, the Consular Office statement said. Chinese citizens in France or heading to France should "strengthen prevention" and be "more vigilant and cautious" in light of the riots which have swept across the country in recent days, the Consular office statement added. Reporting by Ziyi Tang and Martin Quin Pollard; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ziyi Tang, Martin Quin Pollard, Muralikumar Organizations: China's, China's Consular, Thomson Locations: BEIJING, Marseille, France, North, Paris, Nice, Strasbourg

His death, caught on video, has reignited longstanding complaints by poor and racially mixed urban communities of police violence and racism. Interior Minister Gerald Darmanin said early on Saturday that 270 people had been arrested on Friday night, bringing the total to more than 1,100 since unrest ignited. In Lyon, France's third-largest city, the gendarmes police force deployed armoured personnel carriers and a helicopter to quell the unrest. Darmanin asked local authorities across France to halt bus and tram traffic from 9 p.m. (1900 GMT) and said 45,000 officers were being deployed, 5,000 more than on Thursday. In Paris, police cleared protesters from the iconic central Place de la Concorde square on Friday night after an impromptu demonstration.

Persons: Nahel, Juan Medina, Macron, Emmanuel Macron, Gerald Darmanin, France's, Benoit Payan, Darmanin, we're, Snapchat, Mohamed Jakoubi, Enzo Santo Domingo, Ravina Shamdasani, Laurent, Franck Lienard, didn't, Lienard, Jacques Chirac, Dominique Vidalon, Marc Leras, Jean, Stephane Brosse, Pascal Rossignol, Elizabeth Pineau, Layli Foroudi, Gabrielle Tetrault, Farber, Charlotte Van Campenhout, Alison Williams, Sandra Maler, Dan Wallis, Cynthia Osterman Organizations: REUTERS, Government, Marseille, TF1, French soccer, Stade de France, de, Meta, Twitter, Thomson Locations: Nanterre, Paris, France, PARIS, Marseille, Lyon, Toulouse, Strasbourg, Lille, Spanish, Bilbao, Brussels, Aubervilliers, U.S, Geneva, Amsterdam

☆ EU AI law: Top companies raise alarm over Europe's proposed rules
▼ + stars: | 2023-06-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

In an open letter sent to EU lawmakers Friday, C-suite executives from companies including Siemens (SIEGY), Carrefour (CRERF), Renault (RNLSY) and Airbus (EADSF) raised “serious concerns” about the EU AI Act, the world’s first comprehensive AI rules. “Such regulation could lead to highly innovative companies moving their activities abroad” and investors withdrawing their capital from European AI, the group wrote. Race to regulateTech experts have increasingly called for greater regulation of AI as it becomes more widely used. The EU rules are the world’s “first ever attempt to enact” legally binding rules that apply to different areas of AI, according to the European Parliament. The Act also outlines transparency requirements for AI systems.

Persons: Yann LeCun, Hermann Hauser, “, France Valeria Mongelli, Sam Altman, ERIC, ”, Dragos, ” Brando Benifei, CNN “ Organizations: Germany CNN, EU, Siemens, Carrefour, Renault, Airbus, Meta, British, ARM, “, Bloomberg, Getty, US, Tech, SAP, Ericsson, CNN Locations: Dortmund, Germany, Europe, Strasbourg, France, United States, China, Romanian

☆ WTA tweaks circuit with plans for pay parity in top events by 2027
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

WTA 1000 and 500 combined events will accordingly reach prize money parity by 2027, while single-week WTA 1000 and 500 events will do so by 2033. The tour's revised calendar will have 10 WTA 1000 events, with Beijing (2024) and Cincinnati and Toronto/Montreal (2025) set to have larger fields. The additional WTA 1000 events will be one-week events in Doha, Dubai and a yet to be named venue. Wuhan was not named as a WTA 1000 event, while Monterrey, Strasbourg and Seoul have been promoted to the WTA 500 level. "The increase in two-week WTA 1000 tournaments combined with the ATP demonstrates a clearer alignment across both Tours."

Persons: Billie Jean King, Shrivathsa Sridhar, Ken Ferris Organizations: tennis, Tennis, ATP, WTA, Thomson Locations: Beijing, Cincinnati, Toronto, Montreal, Doha, Dubai, Wuhan, Monterrey, Strasbourg, Seoul, Bengaluru

☆ Paris 2024 flame to be lit on April 16, relay to visit overseas territories
▼ + stars: | 2023-06-23 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

"It's going to be spectacular and will showcase all our territories," Paris 2024 president Tony Estanguet said at a ceremony at the French capital's Sorbonne university. Following a brief domestic relay in Greece the flame is then handed over to the host city. Paris organisers have said they will use a three-masted ship the 'Belem' to take it the port city of Marseille, where the sailing competitions of the Olympics will take place. Usually the flame, held in a safety lantern, is flown by plane to the Olympic Games host city. Paris 2024 organisers have been planning to install the Olympic flame on the Eiffel Tower, a source with direct knowledge of the matter told Reuters last month.

Persons: Stephanie Lecocq PARIS, Armel Le, Tony Estanguet, Laure, Florent Manaudou, Dimitri Pavade, Anne Hidalgo, Julien Pretot, Kirsten Donovan, Toby Davis Organizations: Sorbonne University , Paris, Michel, French, Sorbonne, National Assembly, Senate, Olympic Games, Eiffel, Reuters, Thomson Locations: Marseille, Paris, France, Olympia, Athens, Montpellier, Corsica, Bordeaux, Brest, Strasbourg, Reims, Ville, Greece, Belem, Phocaea

☆ Italy welcomes baby to parliament for first time
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

ROME, June 7 (Reuters) - A baby took a seat in the Italian parliament for the first time ever on Wednesday, when lawmaker Gilda Sportiello breastfed her son Federico in the Chamber of Deputies, triggering a round of applause from fellow members. The event would be more commonplace in many countries, but was underlined by the acting lower-house speaker in traditionally male-dominated Italy. Best wishes to Federico for a long, free, and peaceful life," said Giorgio Mule as he chaired the parliamentary session. Giorgia Meloni took office in October as Italy's first woman prime minister, but around two-thirds of the country's lawmakers are men. While the event on Wednesday was a first for Italy, 13 years ago Licia Ronzulli, now a senator in the centre-right Forza Italia party, breastfed her daughter in the European Parliament in Strasbourg.

Persons: Gilda Sportiello breastfed, Federico, Giorgio Mule, Giorgia Meloni, Italy's, Licia, breastfed, Federica Urso, Gavin Jones, Bill Berkrot Organizations: Star, Forza Italia, Thomson Locations: Italy, Strasbourg

☆ Svitolina gets past Blinkova to stay on track at French Open
▼ + stars: | 2023-06-02 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +1 min

PARIS, June 2 (Reuters) - Former French Open quarter-finalist Elina Svitolina moved into the Roland Garros fourth round with a determined performance to stave off giant-killing Russian Anna Blinkova and claim a 2-6 6-2 7-5 victory on Friday. Svitolina returned to the WTA Tour at the Charleston Open in April following the birth of her daughter Skai with husband and fellow tennis player Gael Monfils and bagged her first title in two years by beating Blinkova in last week's Strasbourg final. Blinkova had stunned fifth seed Caroline Garcia in the last round and the 24-year-old refused to surrender as she clawed her way back from 1-3 and went toe-to-toe with Svitolina until 5-5 before the Ukrainian sealed the win with a superb backhand pass. Up next for Svitolina is another Russian - last year's semi-finalist Daria Kasatkina - who beat Peyton Stearns. Reporting by Shrivathsa Sridhar in Paris Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Elina Svitolina, Roland Garros, Russian Anna Blinkova, Svitolina, Skai, Gael Monfils, Blinkova, Caroline Garcia, Daria Kasatkina, Peyton Stearns, Shrivathsa Sridhar, Christian Radnedge Organizations: WTA, Charleston, Strasbourg, Thomson Locations: Russian, Paris

☆ Argentina star Messi to play last game for PSG on Saturday - Galtier
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +3 min

Messi, who has 21 goals and 20 assists for PSG in all competitions this season, moved to the French capital from Barcelona in 2021 on a two-year contract. This will be his last match at the Parc des Princes, and I hope that he will receive the warmest of welcomes," Galtier told reporters on Thursday. PSG'S TITLE CELEBRATIONS ON HOLDMessi's last game for PSG is unlikely to be a joyous affair, with Galtier saying that their title celebrations would be put on ice with the distraught squad's thoughts occupied with concern for goalkeeper Sergio Rico. We're all affected because we went from winning the French title on Saturday to waking up in more than a little pain on Sunday morning," Galtier told reporters ahead of PSG's final league game of the season. Reporting by Aadi Nair in Nashik, India; Editing by Hugh Lawson and Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Christophe Galtier, Messi, Galtier, He's, It's, Sergio Rico, Rico, it's, Sergio, Aadi Nair, Hugh Lawson, Pritha Organizations: Paris St Germain, Clermont, Parc des Princes, PSG, Ligue, French, Lorient, Reuters, Al, Barcelona, Major League Soccer, Inter Miami, Messi's, Racing Strasbourg, Sunday, Thomson Locations: Argentine, Parc des, Barcelona, Argentina, Qatar, Saudi Arabia, Saudi Arabian, Hilal, United States, Spain, PSG's, Nashik, India

☆ How Russia’s invasion of Ukraine has impacted tennis
▼ + stars: | 2023-06-01 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

CNN —Every sport in Europe – from soccer to fencing to UFC – has had to grapple with the fallout of Russia’s invasion of Ukraine and tennis is no exception. Player tensionFor some Ukrainian players, having to face opponents from Russia and Belarus has been a point of frustration. 2 said she struggled to understand the “hate” she encountered in the locker room amid strained relations with some players following Russia’s invasion. The “Z” symbol is viewed as a sign of support for Russia, including its invasion of Ukraine. Last year, she told CNN Sport that Russian and Belarusian players have a responsibility to take a stance against the war.

Persons: UFC –, Toby Melville, Daria Kasatkina, ”, Marta Kostyuk, Aryna Sabalenka, Sabalenka, won’t, ” Sabalenka, ” Kostyuk, Kai Pfaffenbach, Lesia Tsurenko, Iga Świątek, Daniil Medvedev, “, ” Tsurenko, Poland’s Świątek, Slovakia’s Anna, Karolína, Ukraine’s Elina Svitolina –, Świątek, Tim Clayton, Svitolina, Anastasia Potapova, Srdjan Djokovic, Novak Djokovic, Vladimir Putin Organizations: CNN, UFC, ATP, WTA, Wimbledon, Reuters, BBC, Belarus, Aryna, –, Kostyuk, Sabalenka, Ukrainian, ”, Russian Government, Miami, de Strasbourg, Spartak Moscow, Melbourne, CNN Sport Locations: Europe, Ukraine, Belarusian, Ukrainian, Russian, Russia, Belarus, Kyiv, Reuters Ukrainian, Indian, Vladimirec, Kostyuk, ” Russian, Australian

☆ Sabalenka, Djokovic hoping to steer clear of controversy
▼ + stars: | 2023-06-01 | by ( Aadi Nair | ) www.reuters.com time to read: +3 min

Another match featuring political overtones is the clash between Ukraine's Elina Svitolina and Russia's Anna Blinkova. Asked about the message following his straight sets win over Marton Fucsovics on Wednesday, Djokovic told reporters: "It's something that I stand for. Greek fifth seed Stefanos Tsitsipas, who reached the final in 2021, will play Diego Schwartzman. British 14th seed Cameron Norrie is in action against 17th seed Lorenzo Musetti, who now leads Italy's charge for a first French Open men's winner since Adriano Panatta in 1976 after Jannik Sinner's elimination on Thursday. Reporting by Aadi Nair in Nashik, India; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Iryna Shymanovich, Benoit Tessier, Sabalenka, Novak Djokovic, Ukraine's Marta Kostyuk, Ukraine's Elina Svitolina, Anna Blinkova, Svitolina, Djokovic, Alejandro Davidovich Fokina, Aleksandar Kovacevic, Marton Fucsovics, Davidovich Fokina, Monte, Monte Carlo Masters, Carlos Alcaraz, Denis Shapovalov, Stefanos Tsitsipas, Diego Schwartzman, Cameron Norrie, Lorenzo Musetti, Adriano Panatta, Jannik, Aadi Nair, Ken Ferris Organizations: Belarus, Iryna Shymanovich REUTERS, Strasbourg, NATO, Marton, Monte Carlo, U.S, Thomson Locations: Paris, France, Belarus, Ukraine, Belarusian, Kosovo, Serbia, Belgrade, Zvecan, Spanish, Barcelona, British, Nashik, India

CNN —Paris Saint-Germain goalkeeper Sergio Rico has been hospitalized after an incident involving a mule cart and a runaway horse, according to his family. Rico was en route to mass next to the Hermitage of El Rocio when the “serious mishap” occurred. Paris Saint-Germain learned of the accident involving its player Sergio Rico on Sunday and remains in constant contact with his loved ones. — Paris Saint-Germain (@PSG_English) May 28, 2023“We now await medical results which we hope will be positive so we can inform you of his improvement as soon as possible.”PSG released a statement on Twitter, saying: “Paris Saint-Germain learned of the accident involving its player Sergio Rico on Sunday and remains in constant contact with his loved ones. “The entire Red and Blue community offers them its full support.”Rico was on the bench for the 1-1 draw in Strasbourg.

☆ Lionel Messi breaks a Cristiano Ronaldo record as PSG wins Ligue 1 title
▼ + stars: | 2023-05-28 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —There was another landmark in the long rivalry between Lionel Messi and Cristiano Ronaldo on Saturday. As Paris Saint-Germain sealed an 11th Ligue 1 title, Messi scored his 496th goal in Europe’s top five leagues, surpassing Ronaldo’s previous record of 495 goals. Kevin Gameiro equalized for Strasbourg twenty minutes later, but PSG still coasted to the league title despite the match ended in a draw. It was a record-breaking day for PSG as well as Messi, as the club overtook Saint-Etienne’s haul of 10 Ligue 1 trophies to claim the outright record. Messi scored PSG's only goal of the night.

REYKJAVIK, May 16 (Reuters) - European leaders will travel to Iceland on Tuesday for a two-day summit meant to show their support for Ukraine but also send a powerful message on core democratic values many feel are under threat in and outside Europe. The CoE's democratic values are upheld by the Strasbourg-based European Court of Human Rights, where citizens can take governments to court in case of human rights violations. Even Russia didn't want to leave the Council of Europe, Turkey doesn't want to leave either." European leaders such as Germany's Olaf Scholz, Britain's Rishi Sunak and French President Emmanuel Macron will attend the summit in Reykjavik, while Ukraine's Volodymyr Zelenskiy will address his counterparts via videolink. Macron's office said the Council is looking at how its little-known bank, the Council of Europe Development Bank (CEB), could help meet the needs of struggling Ukrainians.

☆ ‘World’s longest’ purpose-built cycling tunnel opens in Norway
▼ + stars: | 2023-04-18 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

A three-kilometer-long (1.8-mile) cycling and pedestrian tunnel has been blasted through the base of Løvstakken mountain and its makers say it’s the longest purpose-built tunnel of its kind. Ronny Turøy/Bybanen UtbyggingIt takes a little under 10 minutes to whizz through the tunnel by bike and around 40 if strolling by foot. “This makes it more pleasant to use than if one would just walk on asphalt.”The tunnel was constructed in parallel with a new tram line. NCC/Bybanen UtbyggingThe new tunnel came about as a byproduct of Bergen’s second Bybanen tram line, which opened in November 2022. The tram line through the mountain required a parallel evacuation tunnel, so the developers decided to make the new tunnel multipurpose.

☆ European Parliament backs reform of EU carbon market
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: 1 min

STRASBOURG, April 18 (Reuters) - The European Parliament voted on Tuesday to approve sweeping reforms to the European Union's carbon market, which are expected to hike the cost of polluting in Europe in the coming years and cut CO2 emissions faster. The reforms would cut the supply of carbon permits in the market faster than planned, phase out free permits for industries by 2034 and gradually bring the shipping sector into the carbon market, starting in 2024. The Parliament approved the changes with 413 votes in favour, 167 against and 57 abstentions. The reforms were agreed by negotiators from the European Parliament and EU countries last year. They still need final approval from EU countries, due in the next few weeks, to enter into force.

☆ EU Parliament backs overhaul of Europe's biggest climate policy
▼ + stars: | 2023-04-18 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

Europe's carbon market forces power plants and factories to buy CO2 permits when they pollute. It has slashed those sectors' emissions by 43% since 2005, but is facing a revamp to hit more ambitious EU climate change targets. Under the upgrade, factories will lose the free CO2 permits they currently receive by 2034, and shipping emissions will be added to the CO2 market from 2024. EU carbon permits were trading at around 94 euros per tonne on Tuesday, having nearly quadrupled in value since the start of 2020. Lawmakers also backed plans to launch a new EU carbon market covering emissions from fuels used in cars and buildings in 2027, plus a 86.7 billion-euro EU fund to support consumers affected by the costs.

☆ The EU's divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it
▼ + stars: | 2023-04-18 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Chinese President Xi Jinping met with European Commission President Ursula von der Leyen in early April. Xinhua News Agency | Xinhua News Agency | Getty ImagesEuropean Union officials on Tuesday called for a new and joint approach toward China, following French President Emmanuel Macron's controversial comments on Taiwan earlier this month. This has resulted in a divided approach toward China. watch nowShe contended that the relationship with China "is too important for us not to define our own European strategy and principles." For Europe, the intention is to reduce and avoid risks, rather than a complete disengagement from China.

☆ Lens beat Strasbourg to cut PSG lead to three points
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

LENS, France, April 7 (Reuters) - Clinical RC Lens beat Strasbourg 2-1 to provisionally cut Paris St Germain's once double-digit lead at the top of the Ligue 1 table to three points on Friday and open up the title race. Lens are second on 63 points, three ahead of third-placed Olympique Marseille, who travel to Lorient on Sunday. Strasbourg remain in 16th on 26 points. Strasbourg's Kevin Gameiro pulled one back with a glorious curler in the 84th minute, but Lens held on for victory. Lens can further improve their prospects of winning a second French top-flight title when they face leaders PSG next week, after the defending champions' trip to Nice on Saturday.

☆ Exclusive: EU Chips Act likely to get green light on April 18 -sources
▼ + stars: | 2023-04-05 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

The European Commission announced the Chips Act last year in a bid to cut EU reliance on U.S. and Asian semiconductors following global supply chain problems that hurt European businesses from carmakers to manufacturers. EU countries and lawmakers will meet at the European Parliament's monthly session in Strasbourg on April 18 to negotiate details of funding for the Act and will likely clinch a deal, the people said. Providing funding to the entire value chain also addresses complaints from the smaller EU countries about being left out after Intel (INTC.O), attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex. Franco-Italian company STMicroelectronics has also teamed up with GlobalFoundries (GFS.O) to build a 6.7 billion euro chip factory in France, drawing on funding from the government. ($1 = 0.9163 euros)Reporting by Foo Yun Chee; Editing by Jan Harvey, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

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