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EU antitrust regulators approve Vivendi, Lagardere deal
  + stars: | 2023-06-09 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +2 min
BRUSSELS, June 9 (Reuters) - Vivendi (VIV.PA), the French media conglomerate controlled by billionaire Vincent Bollore, on Friday won conditional EU antitrust approval for its acquisition of France's largest publisher Lagardere (LAGA.PA). Vivendi last year announced the deal which would give it control of Lagardere's flagship weekly publications Journal du Dimanche (JDD) and Paris Match. Vivendi said in a statement that it was confident it would finalise those two transactions by the end of October. "The remedies proposed by Vivendi will allow for the preservation of existing competition in those markets, to the benefit of consumers." Reuters reported in April that the remedies were sufficient to help Vivendi gain EU antitrust clearance for the acquisition.
Persons: Vincent Bollore, Margrethe Vestager, Daniel Kretinsky, Yannick Bollore, Foo Yun Chee, Bart Meijer, Sudip Kar, Gupta, Louise Organizations: Vivendi, Paris Match, European Commission, Reuters, Le Monde, TF1, Thomson Locations: BRUSSELS, EU, Czech, Le
The Ukrainians are armed with Western weapons, including tanks and armored vehicles, but they are facing tough Russian defenses. There appear to be Ukrainian offensive operations against Russian defenses in the Zaporizhzhia and Donetsk oblasts, among other locations along the front lines. As some experts have said, the stakes for the Ukrainian offensive are high. Unlike last summer's sweeping offensive around Kharkiv, Ukrainian forces are facing much more heavily defended positions. The think tank added, as Russia makes claims of thwarting Ukraine's offensive, that "the success or failure of this phase may not be apparent for some time."
Persons: , Klaus, Dietmar Gabbert, Mark Milley, Laurent van der, ISW, Volodymyr Zelenskyy Organizations: Service, Ukrainian, Washington Post, Financial Times, Kyiv hasn't, ABC News, NBC, Institute for, Bundeswehr, Getty Images, US, Joint Chiefs of Staff, CNN, New York Times, 81st Airmobile Battalion, Le Monde, Russian Ministry of Defense, Wall Locations: Ukraine, Donetsk, Russia, Russian, Klietz, Germany, Ukrainian, Kharkiv, Seversk, Novopokrovka
Have We Smothered Warhol With Our Admiration?
  + stars: | 2023-06-01 | by ( Blake Gopnik | ) www.nytimes.com   time to read: +2 min
In the plush setting of the Brant, it takes an effort to shake off the comfort his pictures now come with and rediscover the discomfort they once served up. Wagstaff, the curator, was maybe registering something important when he worried that Warhol’s painted soup cans might deliver a deathblow to established notions of painting. When Warhol took money to repeat his early icons they did indeed become “dead paintings,” as he once called them, and those gun-toting bohemians only went wrong in seeing this as a cause for rage, not cogitation. The Marilyn retreads they attacked should help us understand that more than almost any other artist, Warhol was willing to recognize how stuff that starts life looking like art can end it acting like currency. (It’s probably Warhol’s first silk-screened painting; one of the treasures at the Brant is that work’s near-identical twin, showing 196 bills.
Persons: Brant, Wagstaff, Warhol, , Marilyn retreads Organizations: Le Monde, bohemians Locations: Le
Because everything is pre-planned, guests just need to show up — no worrying about where to stay, what to eat, or what to do. Petra in the country of Jordan is a destination on The World Tour Grands Classiques 2023 itinerary. ShutterstockSource: Safrans du Monde
Quiz: How Well Do You Know Karl Lagerfeld?
  + stars: | 2023-04-28 | by ( Louis Lucero Ii | ) www.nytimes.com   time to read: 1 min
Everybody knows that you’re nobody until you’re a Halloween costume, and when it comes to Karl Lagerfeld, there’s no shortage of signifiers for would-be cosplayers to draw on. OK, this one was downright sadistic, but in fact, it was 18th-century France that most fascinated the designer. Mr. Lagerfeld furnished his 18th-century townhouse with 18th-century pieces, arranged in a traditional 18th-century fashion. “The 18th century was very vigorous and healthy,” Mr. Lagerfeld once told Le Monde. “It is because of its energy that I love it, and because it has the proportions that best correspond to the way that a human being should live.”
Riot police guard the Constitutional Council building during a demonstration against pension reform in central Paris, France, on Thursday, April 13, 2023. French unions are held strikes and protests on Thursday against President Emmanuel Macron's pension reform, seeking to maintain pressure on the government before a ruling on the law's constitutionality. Bloomberg | Bloomberg | Getty ImagesFrance's Constitutional Council will rule on the legality of President Emmanuel Macron's controversial pension system reforms on Friday, as nationwide protests against raising the retirement age rumble on. While some hope the Constitutional Council will fully reject the bill, many commentators say that is unlikely. Demonstrators march along the vieux port during the 12th day of nationwide strike on pension reform on April 13, 2023 in Marseille, France.
Burkina Faso expels two French journalists
  + stars: | 2023-04-02 | by ( ) www.reuters.com   time to read: +2 min
The two are "journalists of perfect integrity, who worked in Burkina Faso legally, with valid visas and accreditations ... We strongly protest against these absolutely unjustified expulsions," Liberation said in an editorial statement on its website. There was no statement from the authorities in Burkina Faso and it was not immediately possible to reach them for comment. The French foreign ministry did not immediately respond to a request for comment. The junta has since ordered French troops to withdraw from the country and suspended broadcasts by France's RFI radio and television channel France 24. Frustrations over authorities' failure to restore security has spurred anti-French sentiment and helped bring about two military takeovers in Burkina Faso and two in Mali since 2020.
French prosecutors search bank offices over dividend stripping
  + stars: | 2023-03-28 | by ( ) www.reuters.com   time to read: +2 min
The PNF financial prosecution office said in a statement the probe was linked to so-called "cum-ex" dividend stripping, a trading scheme whereby banks and investors swiftly trade shares of companies around their dividend payout day. The searches by French prosecutors are the latest to hit global banks as similar investigations have been conducted in other European countries, including Germany. It was the highest-profile prosecution and longest sentence to date in a series of trials that have also convicted British bankers. It said six German prosecutors were also assisting the investigations. Reporting by Tassilo Hummel, Blandine Hénault and Sudip Kar-Gupta; writing by Silvia Aloisi, Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Paris Reuters —French authorities searched the Paris offices of five banks Tuesday, including Societe Generale, BNP Paribas and HSBC, on suspicion of fiscal fraud. The search was part of a broad European probe into the dodging of tax payments on dividends. BNP Paribas and HSBC did not immediately respond to a request for comment. The French prosecutors’ actions are the latest to hit global banks over the dividend tax fraud scheme. Stock in BNP Paribas rose 0.4%, while HSBC’s stock was flat.
Close up of young woman inserting her bank card into automatic cash machine in the city. French authorities on Tuesday searched offices of several large banks, including Societe Generale, BNP Paribas and HSBC on the suspicion of money laundering and fiscal fraud, a spokesperson of the PNF financial prosecution office told Reuters. The other concerned banks could not immediately be reached for comment. The spokesperson confirmed earlier reports by paper Le Monde which said the probe was linked to dividend stripping and also hit Exane and Natixis. The PNF said that five investigations were ongoing linked to so-called "cum-cum" practices, through which wealthy clients sought to evade taxes on dividends through complex legal structures.
Xavier Niel can feast on European telco misery
  + stars: | 2023-03-27 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +5 min
LONDON, March 27 (Reuters Breakingviews) - Xavier Niel is set to be more than a spectator in the looming consolidation of Europe’s telecoms industry. It earned EBITDA after leases of 3.3 billion euros last year. Those shareholdings have a combined market value of 1.2 billion euros, though they were partly funded through derivatives, potentially limiting the tycoon’s cash outlay. On a multiple of 6 times last year’s EBITDA of 652 million euros it’s worth little more than the 3.5 billion euros Niel and other investors paid in 2017. Smaller investments in Monaco Telecom and holdings in Senegal and the Comoros are probably worth a combined billion euros, bankers estimate.
NAIROBI, March 27 (Reuters) - Burkina Faso's military government on Monday suspended France 24 broadcasts in the country after the TV station aired an interview with the head of al Qaeda's North African wing AQIM. Relations between Paris and Ouagadougou have deteriorated sharply since Burkina Faso's military seized power in a coup last October. In January, Burkina Faso gave France one month to withdraw its troops as it ended a military accord that allowed French troops to fight insurgents, including on its territory. France 24 earlier this month aired an interview with Yezid Mebarek, also known as Abu Ubaydah Yusuf al-Anabi, who claimed the title of "emir of Al Qaeda in the Islamic Maghreb" in 2020 after a French raid killed his predecessor. France Medias Monde, which operates France 24, was not immediately available for comment on Burkina Faso's move.
A successful no-confidence vote would fell the government and kill the legislation, which is set to raise the retirement age by two years to 64. Finance Minister Bruno Le Maire on Sunday called the votes "a moment of truth" for the government. Senior officials from the conservative Les Republicains (LR) party have said they will not get behind the no-confidence motions. Le Monde calculated that at least 26 LR lawmakers would need to back the motion for it to succeed. Even if the motions flop, Macron's failure to find enough support in parliament to put his pension system overhaul to a vote has undermined his reformist agenda and weakened his leadership, observers say.
PARIS, March 1 (Reuters) - French technology consultancy Atos (ATOS.PA) is in talks with Czech businessman Daniel Kretinsky about the possible sale of its Tech Foundations business, Le Monde reported on Wednesday. According to our information, the management is also talking with Daniel Kretinsky ... who for his part is interested in the group's historic business of IT services Tech Foundations," the French newspaper said. Kretinsky holds a minority stake in Le Monde. Spokespeople for Kretinsky and Atos declined to comment. In October, Atos said it had been approached by several players interested in buying Tech Foundations, which groups activities the company defines as approaching maturity, such as data centres and business process outsourcing.
SAN FRANCISCO, Feb 3 (Reuters) - An Iranian government-backed hacking team allegedly stole and leaked private customer data belonging to French satirical magazine Charlie Hebdo, security researchers at Microsoft said on Friday. The caricatures were part of a media campaign that Charlie Hebdo said was intended to support anti-government protests in the Islamic nation. A press officer for Charlie Hebdo said the magazine had no comment on the matter "for the moment." loadingThe hack-and-leak targeting Charlie Hebdo was part of a wider digital influence operation with techniques matching previously identified activity linked to Iranian state-backed hacking teams, Microsoft researchers said in a report. Two accounts impersonating a Charlie Hebdo editor and a technology executive also posted the leaked data before Twitter banned them, Microsoft said.
PARIS, Jan 28 (Reuters) - France has extended mandatory COVID tests for travellers from China until Feb. 15, a government decree published on Saturday showed. While Chinese officials have said infections have peaked, some global experts have warned about the possibility of a rise in cases in rural areas less equipped to deal with them as millions of Chinese travel for family reunions during the Lunar New Year holiday. On Dec. 30, France announced it would require travellers from China to provide a negative COVID-19 test result less than 48 hours before departure as China eased lockdown rules. The measure, which had been set to last until Jan. 31, imposed tests on all flights from China - including flights with stopovers - and required travellers on airplanes arriving from China to wear masks. China abandoned its strict "zero COVID" policy in early December after protests against the restrictions, allowing people to travel and the virus to spread rapidly throughout the country.
France is also considering sending its Leclerc tanks to Ukraine. A French Leclerc tank during an exercise in Germany in November 2019. Some claim it performed better than the M1 Abrams tanks that Saudi Arabia has used in that conflict. The Leclerc's lighter weight may make it more maneuverable than the other Western tanks headed to Ukraine. But other than Rafale jet fighters, the most powerful weapon — symbolically and militarily — that France could provide would be Leclerc tanks.
PARIS, Jan 16 (Reuters) - A French court has dismissed charges of complicity in war crimes against oil major TotalEnergies, lawyers for the NGOs who brought the charge said in a statement. Lawyers for the groups said they had been informed that the public prosecutor had dismissed the complaint. TotalEnergies did not immediately respond to a request for comment about the ruling. It had denied the accusations in October in a statement to French daily Le Monde. Reporting by Silvia Aloisi and America Hernandez, writing by GV De Clercq; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Dec 14 (Reuters) - Redwood Materials is the latest company to set up shop in South Carolina's growing community of electric vehicle and battery manufacturers, the Carson City, Nevada-based firm said on Wednesday. Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials such as nickel, cobalt, lithium and copper. The Ridgefield facility is expected to supply battery materials to Ford Motor (F.N) and SK On in Kentucky, Toyota Motor (7203.T) in North Carolina and Volvo and Envision AESC in South Carolina. Volvo is building a battery plant next to its assembly facility in Ridgeville and BMW is partnering with Envision AESC on a $700 million battery plant in Woodruff. A second North American “battery belt” is springing up in Canada, in Becancour, Quebec, on the St. Lawrence River.
WASHINGTON, Nov 28 (Reuters) - The United States should end its prosecution of Julian Assange, leading media outlets from the United States and Europe that had collaborated with the WikiLeaks founder said on Monday, citing press freedom concerns. Assange is wanted by U.S. authorities on 18 counts, including a spying charge, related to WikiLeaks' release of confidential U.S. military records and diplomatic cables. Monday marked twelve years since those media outlets collaborated to release excerpts from over 250,000 documents obtained by Assange in the so-called "Cablegate" leak. If extradited to the United States, he faces a sentence of up to 175 years in an American maximum security prison. "Publishing is not a crime," the media outlets said in their letter on Monday.
PARIS, Nov 20 (Reuters) - President Emmanuel Macron accused Russia of feeding anti-French propaganda in Africa to serve "predatory" ambitions in troubled African nations, where France has suffered military setbacks and a wider loss of influence over recent years. "This perception is fed by others, it's a political project," Macron told TV5 Monde in an interview. France, the former colonial power in most of Western and central Africa, has longstanding military ties across Francophone Africa and French troops were stationed in Mali for a decade as part of a counter-terrorism operation. It has also been jockeying for influence with Russia in recent years, with the deployment of private military contractor Wagner Group in several countries, including in the Central African Republic (CAR) and in Mali. "It's done with the complicity of a Russian military junta," he said.
The running of the World Cup is the only opportunity that Qatar sees for redemption," said Marc Owen Jones, an associate professor at Hamad Bin Khalifa University. "The markers of a successful World Cup would be as a nation-branding exercise, to position Qatar as an important sports hub in the Middle East and the wider Arab world," he said. 'HYPOCRISY'The first Middle Eastern country to host the World Cup, Qatar hailed it as a regional milestone when it was awarded the tournament in 2010. "The reasons given for boycotting the World Cup do not add up. Pressing back against its criticism, Qatar points to labour reforms aimed at protecting migrant workers from exploitation and says the system is a work in progress.
Nov 4 (Reuters) - People calling for a boycott of the World Cup in Qatar are from a handful of countries that do not represent the rest of the world which is looking forward to the tournament, Qatar's Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani has said. Qatar is the first Middle Eastern country to host the World Cup but the small nation has come under intense pressure in recent years for its treatment of foreign workers and restrictive social laws. "The reasons given for boycotting the World Cup do not add up. Several participating teams such as England, Australia, Denmark and the Netherlands have highlighted the plight of migrant workers in Qatar. The letter was criticised by Amnesty, which has led calls for FIFA to compensate migrant workers in Qatar for human rights abuses by setting aside $440 million.
REUTERS/Pedro NunesLISBON, Nov 2 (Reuters) - Mark MacGann, the whistleblower behind the so-called Uber Files, said on Wednesday that the ride-hailing company seemed to be taking steps toward improving its work culture but that its business model was still "absolutely" unsustainable. MacGann said Uber's current CEO, Dara Khosrowshahi, and his executive team "have done a lot of good things, but they have so, so far to go." "My message to Uber is: 'you've done well, (but) you can do it so much better (because) the current model is absolutely not sustainable,'" MacGann told a news conference during Europe's largest tech conference, the Web Summit, in Lisbon. He said Uber recently reiterated that the "core of its business model is independent contractors, since everybody wants to be self-employed, everybody wants flexibility." "Uber is pumping tens of millions of dollars in Europe, United States, other parts of the world fighting legislation," he said.
Oct 31 (Reuters) - Britain is no longer intervening in Czech billionaire Daniel Kretinsky's plan to increase his stake in Royal Mail parent International Distributions Services (IDSI.L), sending the company's shares up more than 7% on Monday. In August, Royal Mail said it had been notified by then business minister Kwasi Kwarteng that he was exercising powers to look into proposals by Kretinsky's vehicle, Vesa Equity Investment, under the National Security and Investment Act. The Royal Mail review came days after the government decided not to take action over billionaire Patrick Drahi's stake in telecoms firm BT (BT.L). Vesa, Royal Mail's biggest shareholder which is ultimately controlled by Kretinsky and his business partner Patrik Tkac, in August said it had voluntarily contacted the government to inform them of its intention to increase its stake in Royal Mail, which is currently just over 22%. "Vesa Equity Investment welcomes the decision ... and reiterate our commitment to continuing long term investment presence in the U.K., including our partnership with Royal Mail," a spokesperson said.
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