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A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. It's a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. Others like Franklin Templeton, UBS Asset Management and ABN Amro (ABNd.AS) have launched tokenized versions of assets such as money market funds and green bonds. Indeed, the actual issuance and value of tokenized traditional assets remains small. Some market players now see significant advances.

Persons: Benoit Tessier, Franklin Templeton, Colin Butler, tokenization, hasn't, Morgan Krupetsky, Doug Schwenk, Lisa Mattackal, Medha Singh, Tom Wilson, Pravin Organizations: La Maison du, REUTERS, London Stock Exchange, Mirae, Securities, UBS Asset Management, ABN Amro, Polygon Labs, Reuters Graphics, Northern Trust, HSBC, Ava Labs, Digital Asset Research, Thomson, Reuters Locations: La, Paris, France, U.S, blockchain, Bengaluru

☆ Avio's Vega C rockets to fly again in late 2024 after ESA recommendations
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

The logo of the European Space Agency (ESA) is seen during the ESA Council at Ministerial level (CM22) at the Grand Palais Ephemere in Paris, France, November 23, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsMILAN, Oct 2 (Reuters) - Italy's Avio (AVI.MI) said on Monday its Vega C rockets would return to flight in late 2024 after implementing fixes recommended by an independent panel set up by the European Space Agency (ESA) following a failed satellite launch. An Arianespace mission on Dec. 20 carrying two Airbus (AIR.PA) Defence & Space satellites failed around two and a half minutes into flight when an anomaly occurred with the Zefiro 40 motor used by the Vega C rockets. A task force led by ESA and Avio is working on implementing the recommendations of the enquiry panel, Avio added. Italy's Vega C rocket is due to play an increasingly crucial role in Europe's access to space after Moscow's invasion of Ukraine forced launch firm Arianespace to stop using Russian Soyuz vehicles.

Persons: Benoit Tessier, Vega, Avio, Italy's Vega, Cristina Carlevaro, Alessandro Parodi, Alvise Organizations: European Space Agency, ESA, Palais Ephemere, REUTERS, Airbus, Space, Guiana Space Centre, Russian Soyuz, Thomson Locations: Paris, France, Italian, Ukraine, Russian

☆ Spirit Aero names board member Shanahan as interim CEO
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: 1 min

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 2 (Reuters) - Aerospace supplier Spirit AeroSystems (SPR.N) on Monday named board member Patrick Shanahan as its interim chief executive, effective immediately, succeeding under-pressure Thomas Gentile, who has resigned from the board. Shanahan, who has served on the company's board since November 2021, was previously an executive with Boeing Co (BA.N), Spirit's biggest customer. Spirit said its board will conduct a search to identify a new CEO, while Gentile will stay on as a consultant for three months. Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Patrick Shanahan, Thomas Gentile, Shanahan, Spirit, Gentile, Abhijith, Shailesh Organizations: Boeing, International Paris Air, Le, REUTERS, Aerospace, Spirit, Boeing Co, Thomson Locations: Le Bourget, Paris, France, Bengaluru

A Boeing 737 MAX-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. Shanahan, who has served on the company's board since November 2021, will become interim CEO effective immediately, Spirit announced Monday. Spirit said its board will conduct a search to identify a new CEO, while Gentile will stay on as a consultant for three months. Gentile was named Spirit's CEO in August 2016, months after he joined the company as its chief operating officer. Over a 31-year career at Boeing, Shanahan was known as "Mr. Fix-It" for his ability to turn around poorly-performing programs.

Persons: Benoit Tessier, Patrick Shanahan, Tom Gentile, Shanahan, Spirit, Gentile, Richard Aboulafia, Aboulafia, Jim Mattis, Alex Krutz, Abhijith, Valerie Insinna, Shailesh Kuber, Sharon Singleton Organizations: Boeing, International Paris Air, Le, REUTERS, Pentagon, Spirit, Airbus, Patriot Industrial Partners, Aerospace Industries, Thomson Locations: Le Bourget, Paris, France, Kansas, Wichita , Kansas, Bengaluru, Washington

☆ JetBlue files complaint in US against Schiphol flight curbs
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. "In so doing, the Dutch government stands in flagrant violation of the U.S.-EU Air Transport Agreement," JetBlue said in its complaint. The move essentially closed Schiphol to new entrants, JetBlue said. New entrants such as JetBlue are facing a completely closed market and 100% expulsion from the market," the company said. Airlines that use Schiphol including Air France-KLM (AIRF.PA) have sued to try to prevent the cap at one of Europe's busiest airports.

Persons: Benoit Tessier, Bart Meijer, Charlotte Van Campenhout, Mark Potter, Elaine Hardcastle Organizations: JetBlue Airbus, International Paris Air, Le, REUTERS, Rights, U.S, JetBlue Airways, European Union, U.S . Department of Transportation, Schipol, KLM, EU Air, JetBlue, historics, Airlines, Air France, Thomson Locations: Le Bourget, Paris, France, Netherlands, U.S, Schiphol, Amsterdam

☆ Russian athletes to compete at Paris Paralympics after IPC votes against full ban
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

"At the IPC General Assembly in Bahrain, IPC members voted 74-65 (13 abstentions) against a motion to fully suspend NPC (National Paralympic Committee) Russia for breaches of its constitutional membership obligations," the IPC said. The decision comes two weeks before the International Olympic Committee session in Mumbai where it will also discuss Russia's and Belarus' participation at the Paris Olympics next year. The IPC had last year suspended the paralympic committees of both countries and banned their athletes from competing following the Russian invasion of Ukraine in 2022. The IOC has not sanctioned the Russian or Belarus Olympic Committee or Russian members of the IOC. In March, however, it issued a first set of recommendations for international sports federations to allow Russian and Belarusian athletes to return.

Persons: Benoit Tessier, Karolos Grohmann, Andrew Cawthorne Organizations: Ephemere, Rights, International Paralympic, IPC, Assembly, National Paralympic Committee, International Olympic, Russia's, Paris Olympics, IOC, Belarus Olympic, Thomson Locations: Paris, France, Russia, Bahrain, Mumbai, Belarus, Ukraine, Belarusian

☆ China's Huawei sets up commodities hedging team in Singapore, Hong Kong
▼ + stars: | 2023-09-29 | by ( Mai Nguyen | Thomson Reuters | Mai Reports On The Nonferrous Metals Markets In Asia. She Writes About Daily Price Movers | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 29 (Reuters) - Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company's job posts on professional social network LinkedIn. Huawei was also hiring a metals hedging specialist and a metals research specialist in the city-state four months ago, according to separate LinkedIn posts. Huawei did not respond to Reuters' request for comment on the commodities team hirings it has made or its hiring plans. The positions will work closely with Huawei's teams in China and Hong Kong to grow its metals hedging and researching capabilities as well as risk control, focusing on ferrous, nonferrous and battery metals, the posts said. The team is drafting the hedging proposals and trading plans, said the source.

Persons: Benoit Tessier, Mai Nguyen, Amy Lv, Andrew Hayley, Muralikumar Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, LinkedIn, Huawei, Reuters, Thomson Locations: Porte, Paris, France, Singapore, China, Hong Kong, Hanoi, Beijing

☆ Volkswagen's Trinity model to be built in Zwickau, Handelsblatt reports
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Buzz, a fresh take on the iconic vehicle of the Volkswagen brand, during its world premiere in Paris, France, March 9, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsCompanies Volkswagen AG FollowSept 29 (Reuters) - Volkswagen (VOWG_p.DE) plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the German daily Handelsblatt reported on Friday, citing several company sources. The decision on the location for the prestige EV will be discussed at the Volkswagen supervisory board meeting on Friday, Handelsblatt reported. A spokesperson for the German carmaker declined to comment on the report. The Trinity electric car, which is to be based on the new SSP platform, was supposed to be launched in 2026.

Persons: Benoit Tessier, Handelsblatt, Oliver Blume, Christina Amann, Amir Orusov, Miranda Murray, Rachel More Organizations: VW, Volkswagen, REUTERS, Trinity, Thomson Locations: Paris, France, Zwickau, Wolfsburg

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsWASHINGTON, Sept 28 (Reuters) - Boeing (BA.N) has agreed to pay $8.1 million to resolve allegations it violated U.S. law by failing to comply with contractual obligations in its production of V-22 Osprey aircraft, the U.S. Justice Department said Thursday. The Osprey is a military aircraft that takes off like a helicopter and then rotates its propellers to fly like a plane. The settlement agreement, which was signed by legal representation for Boeing and the Justice Department, noted that Boeing denied the allegations it was not meeting requirements. A Boeing spokesperson said the company "entered a settlement agreement with the U.S. Department of Justice and the U.S. Navy to resolve certain False Claims Act allegations, without admission of liability."

Persons: Benoit Tessier, Kanishka Singh, Valerie Insinna, Chris Reese, Matthew Lewis, Jamie Freed Organizations: Boeing, Paris, REUTERS, Rights, U.S . Justice Department, Justice Department, U.S . Navy, U.S . Department of Justice, Thomson Locations: Le Bourget, Paris, France, Ridley Park , Pennsylvania, Washington

☆ France wants to replace gas, fuel heaters with heat pumps - minister
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 26 (Reuters) - France wants to replace residential fuel and gas heaters with heat pumps and create an industry to make the device in a bid to reduce greenhouse gas emissions, French Environment Minister Christophe Bechu said on Tuesday. "Fighting climate change means first and foremost exiting from the use of fossil fuels, therefore we should have no more fuel heaters and much fewer gas heaters," Bechu said in an interview with franceinfo radio. France targets a 55% reduction in net greenhouse gas emissions by 2030, compared with 1990. Bechu said subsidies for heat pumps - which are more expensive than gas heaters - would be boosted so that for low-income families the net cost of buying a heat pump would be similar to a gas heater. Heat pumps use electricity to draw heat from the environment, and as France relies mainly on nuclear energy to generate electricity, heat pumps would generate virtually no emissions during use.

Persons: Christophe Bechu, Benoit Tessier, Emmanuel Macron, Bechu, Anil D'Silva Organizations: REUTERS, Rights, French, GV, Thomson Locations: Paris, France

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

☆ Air France-KLM says it plans to order 50 Airbus A350 jets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] A logo is seen on the facade of Air France-KLM building during the presentation of the group's annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 25 (Reuters) - Air France-KLM (AIRF.PA) said on Monday it plans to order 50 Airbus (AIR.PA) A350 long-haul jets, together with purchase rights for an additional 40 aircraft. The provisional deal includes both the A350-900 and the larger A350-1000 models, and the aircraft will be delivered between 2026 and 2030, the airline group said in a statement. The planned order, which is not yet in the Airbus books pending a final contract, comes on top of an existing order for 41 Airbus A350-900s for the group's French network, Air France, of which 22 have so far been delivered. From Boeing it has outstanding order for five 787-10s jets.

Persons: Benoit Tessier, Tim Hepher, Mark Potter Organizations: Air France, KLM, REUTERS, Rights, Airbus, Boeing, Air, GV De Clercq, Thomson Locations: Air, Paris, France, Ukraine, Air France

☆ PSG should take action over homophobic chants says French Sports Minister
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

During the 4-0 win over their rivals at the Parc des Princes, PSG supporters in the Boulogne kop were heard celebrating with homophobic chants aimed at Marseille and a lot of the home crowd clapped along. "It is unthinkable to remain deaf to such hateful and homophobic chants in our stands," Oudea Castera said on messaging platform X, formerly known as Twitter. "Yesterday, these chants spoiled the party at the Parc. "I invite PSG to lodge a complaint to identify the perpetrators and bring them to justice so that they can be removed from the stadiums." Oudea Castera added that the matter was now in the hands of French soccer's governing body LFP.

Persons: Sergio Rico, Benoit Tessier, Paris St Germain, Amelie Oudea Castera, Oudea Castera, Julien Pretot, Aadi Nair, Ken Ferris Organizations: Soccer Football, Paris St Germain, Clermont, de Princes, Rights, Ligue, Olympique de Marseille, France's, Parc des Princes, PSG, Thomson Locations: de, Paris, France, Parc des, Boulogne, Marseille

☆ Pope says impeding migrant rescues at sea is 'gesture of hate'
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: 1 min

[1/6] Pope Francis receives a gift from a faithful, near the stele dedicated to sailors and migrants lost at sea, during a visit which is a part of the Mediterranean meetings (MED2023) in Marseille, France, September 22, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsMARSEILLE, France, Sept 22 (Reuters) - Pope Francis said on Friday that migrants who risk drowning at sea "must be rescued," calling it "a duty of humanity, a duty of civilisation". Speaking at the start of a trip centred on migration issues in the Mediterranean, he said that impeding such rescues is "a gesture of hate". He spoke at an inter-religious prayer service at a monument dedicated in the port city of Marseille to those lost at sea. Reporting by Philip Pullella, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Benoit Tessier, Philip Pullella, William Maclean Organizations: REUTERS, Rights, Thomson Locations: Marseille, France, Rights MARSEILLE

☆ Portugal's telecom watchdog working with operators to bar Huawei
▼ + stars: | 2023-09-18 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLISBON, Sept 18 (Reuters) - Portugal's telecom watchdog said on Monday it is working with operators to implement a high-level resolution which effectively bars Huawei's equipment from the country's 5G mobile networks, despite legal objections from the Chinese company. Huawei filed a lawsuit with a Lisbon court against the resolution at the end of August, seeking "protection of its legitimate interests and legal rights under the law". Portugal's main operators, Altice, NOS (NOS.LS) and Vodafone (VOD.L) have already said they will not use Huawei equipment in 5G core networks, amid European and U.S. concerns that Chinese involvement in critical infrastructure could compromise security. "It is work that is ongoing and we hope that it will be carried out successfully. We can assure the Portuguese that we are also working together with the operators", he added.

Persons: Benoit Tessier, Joao Cadete de Matos, Matos, Mario Campolargo, Sergio Goncalves, Alexander Smith Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Portugal's, Huawei, Vodafone, Reuters, Thomson Locations: Porte, Paris, France, Rights LISBON, Portuguese, Lisbon, Beijing

☆ Airbus nears decision on new planemaking leadership - sources
▼ + stars: | 2023-09-15 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.

Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States

☆ France targets 16 billion euros in savings next year, trims growth outlook
▼ + stars: | 2023-09-14 | by ( Leigh Thomas | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/file photo Acquire Licensing RightsPARIS, Sept 14 (Reuters) - The French government aims to squeeze 16 billion euros ($17 billion) in savings from its 2024 budget, finance minister Bruno Le Maire said on Thursday as he trimmed France's growth outlook. Le Maire said 10 billion euros in savings would come from scrapping caps on power and gas prices, put in place to soften the pain for households from Europe's energy price crisis. Le Maire said the inflation shock over the last year would further subside, boosting household consumption - the traditional motor of French economic growth. While the government aims to cut spending, it would nonetheless increase some expenditures, with 4 billion euros more earmarked for the interior ministry and the armed forces. A further 7 billion euros has been set aside for environmentally friendly investments due to be presented later this month and financed by removing some of the tax breaks which some industries get on their on fossil fuel use.

Persons: Digital Security Bruno Le Maire, Benoit Tessier, Bruno Le Maire, Le Maire, Leigh Thomas, David Holmes Organizations: Economy, Finance, Industry, Digital Security, Bercy Finance Ministry, REUTERS, Rights, Thomson Locations: Paris, France

☆ MTU CFO: will talk to Pratt & Whitney about compensation for 700 mln euro cash flow hit
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsBERLIN, Sept 13 (Reuters) - MTU Aero Engines (MTXGn.DE) will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems with its partner's geared turbofan engines, the German aircraft engine maker's chief financial officer said on Wednesday. The problems would not markedly affect the current year but will result in a hit to cash flow of about 700 million euros ($751.45 million), which will be felt mainly in 2024 and 2025, with some spillover in 2026, according to CFO Peter Kameritsch. MTU said in a statement earlier on Wednesday that it is considering leaving the "significant resulting charges" on reported revenue and earnings figures for 2023 out of its current year guidance. ($1 = 0.9315 euros)Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pratt, Peter Kameritsch, Kameritsch, Lars Wagner, Christina Amann, Miranda Murray, Rachel More, Elaine Hardcastle Organizations: International Paris Air, Le, REUTERS, Rights, Aero, Whitney, German, Pratt & Whitney, RTX Corp, Thomson Locations: Le Bourget, Paris, France

☆ Alphabet lays off hundreds from global recruitment team
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Benoit Tessier Acquire Licensing RightsSept 13 (Reuters) - Google parent Alphabet (GOOGL.O) is laying off employees from its global recruiting team as the tech giant continues to slow hiring, it said on Wednesday. The company's decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles. It will also help the workers search for roles within the company and elsewhere. California-based Alphabet cut about 12,000 jobs in January, reducing its workforce by 6%. Reporting by Arsheeya Bajwa and Akash Sriram in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, sprees, Arsheeya Bajwa, Akash Sriram, Devika Organizations: Google, Viva Technology, Porte de, REUTERS, Tech, Microsoft, Reuters, Thomson Locations: Porte, Paris, France, sprees . California, U.S, Bengaluru

☆ Binance.US says CEO Shroder to depart, 100 jobs will be cut
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo on the Binance exhibition space at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis. Binance and Binance.US have maintained that they operate separately. Its global head of product, Mayur Kamat, resigned early this month and its chief strategy officer, Patrick Hillmann, left in July. Reporting by Rishabh Jaiswal, Chandni Shah and Juby Babu in Bengaluru; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Brian Shroder, Norman Reed, Binance.US, Changpeng Zhao, Binance, Kamat, Patrick Hillmann, Rishabh Jaiswal, Chandni Shah, Juby Babu, Edwina Gibbs Organizations: Viva Technology, Porte de, REUTERS, U.S, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Porte, Paris, France, Bengaluru

☆ China's Huawei says it has reached global patent licensing deal with Xiaomi
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo of Huawei Technologies is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's Huawei Technologies inked on Wednesday a global patent cross-licensing deal with Xiaomi Inc (1810.HK), according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of four registered patents mainly related to wireless communication technology, smartphone photography and screen lock technology. Huawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung (005930.KS).

Persons: Benoit Tessier, Xiaomi, Clarence Fernandez, Tom Hogue Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Xiaomi Inc, HK, Huawei, Local, Samsung, Ericsson, Beijing, Thomson Locations: Porte, Paris, France, Rights BEIJING, South

☆ France welcomes EU probe into Chinese electric vehilces - minister
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 min

French State Secretary in charge of European Affairs Laurence Boone leaves the Elysee Palace after the weekly cabinet meeting in Paris, France, July 29, 2022. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 13 (Reuters) - French Europe Minister Laurence Boon on Wednesday welcomed an anti-subsidy investigation into Chinese electric vehicles launched by the EU Commission, saying it was important to protect the bloc's market. "We won't let our market be flooded by over-subsidised EVs that threaten our companies just as it had happened with solar panels", she said in a statement. Reporting by Michel Rose, writing by Tassilo Hummel, Editing by Charlotte Van CampenhoutOur Standards: The Thomson Reuters Trust Principles.

Persons: European Affairs Laurence Boone, Benoit Tessier, Laurence Boon, Michel Rose, Tassilo Hummel, Charlotte Van Campenhout Organizations: European Affairs, REUTERS, Rights, EU Commission, Thomson Locations: Paris, France

☆ 'Coco' Chanel's influential fashion on show at London exhibit
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

[1/2] A photographic portrait of Gabrielle Chanel by Man Ray (1935) is seen during the No. Opening at the V&A museum on Saturday, "Gabrielle Chanel. Fashion Manifesto" is the first British exhibition dedicated to the designer's creations and longstanding influence on fashion. Her famed tweed suits, loose fitting and low-waisted dresses and dazzling evening gowns are among the outfits on display. Her designs, accessories and perfumes, particularly Chanel No.5, were hits and today the Chanel fashion house, founded in 1910, remains one of the world's most famous luxury brands.

Persons: Gabrielle Chanel, Man Ray, Benoit Tessier, Gabrielle, Coco, Chanel, Connie Karol Burks, Karl Lagerfeld, Virginie Viard, Marie, Louise Gumuchian, Rosalba O'Brien Organizations: Palais, REUTERS, Reuters, Thomson Locations: Paris, London

☆ Airbus to combine fighter businesses in defence shake-up -sources
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

An Airbus A321 XLR aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 12 (Reuters) - Airbus (AIR.PA) plans to merge two separate fighter businesses as part of a reorganisation of its Defence & Space division, union sources said. Asked about the new combination, which is part of a deeper Defence & Space restructuring codenamed ATOM, an Airbus spokesperson said: "We are currently discussing the details and ideas with our social partners". In July, Airbus Chief Executive Guillaume Faury said a reorganisation in Defence & Space was designed to make the business more agile. Despite a broad increase in overall demand for weapons since the Ukraine conflict began, Airbus Defence & Space is the company's second-biggest activity in terms of revenues but the least profitable, lagging behind jetliners and helicopters.

Persons: Benoit Tessier, Jean, Brice Dumont, Bruno Fichefeux, Guillaume Faury, Faury, Tim Hepher, David Holmes Organizations: Airbus, Paris, REUTERS, Rights, Defence, Space, Military Air Systems, Franco, France's Dassault Aviation, Airbus Defence, Thomson Locations: Le Bourget, Paris, France, Spanish, Ukraine

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

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