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☆ Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Rolls-Royce is pictured at the World Nuclear Exhibition (WNE), the trade fair event for the global nuclear community in Villepinte near Paris, France, June 27, 2018. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 16 (Reuters) - Rolls-Royce Holdings (RR.L) is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday. Rolls-Royce did not immediately respond to a request for comment. In May, Rolls-Royce said it had made no decisions regarding changes to its workforce, in response to a Sunday Times report that it was expected to cut about 3,000 non-manufacturing staff. Reporting by Jyoti Narayan in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Benoit Tessier, Tufan Erginbilgic, Jyoti Narayan, Jonathan Oatis Organizations: Nuclear, REUTERS, Royce Holdings, Sky News, Sunday Times, Thomson Locations: Villepinte, Paris, France, Bengaluru

☆ Madonna shines in 'Celebration' tour after near-fatal illness
▼ + stars: | 2023-10-15 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

[1/3] Singer Madonna performs during her concert at the AccorHotels Arena in Paris, France, December 9, 2015, on her Rebel Heart Tour. The 65-year-old's greatest hits show was pushed back from its original July start date after she was hospitalized in intensive care for a serious bacterial infection. "There's a lot of really crazy things happening in the world that are so, so painful to witness," she said. With more than 40 songs in the show, some like "Papa Don't Preach" were dispatched in seconds, but all of her re-inventions, from Catholic Madonna to Country Madonna, featured. The seven-time Grammy Award winner has rescheduled the tour's North American leg to start in December after her European concerts.

Persons: Singer Madonna, Benoit Tessier, Papa Don't, Paul Sandle, William Mallard Organizations: REUTERS, O2, Thomson Locations: Paris, France, London, New York

Students nationally are holding people in power accountable, said Jackie Alexander, incoming president of the College Media Association and director of student media at the University of Alabama-Birmingham. With growing reports of student journalists being doxxed, ostracized on campus and otherwise harassed, the College Media Association is looking into ways to help them, Alexander said. “I've never seen a better front page,” veteran editor and Columbia Journalism School professor Bill Grueskin said on social media. “So many people think of student journalists as students first,” Martin said. “But in a lot of ways student journalists are just journalists.

Persons: Stanford, “ I've, —, “, ”, Theo Baker, Marc Tessier, Lavigne, George Polk, Polk, Pat Fitzgerald, Jackie Alexander, ” Alexander, ” Charles Whitaker, ” Whitaker, Tessier, Levigne, it's, He's, ” Baker, he's, Peter Baker, Susan Glasser, Alexander, Martin, lowkey, Joe Biden, Bill Grueskin, ” Martin, Raul Reis, ” Reis, ” There's, Whitaker, there's, aren't Organizations: Northwestern University's, Stanford University, Columbia Daily Spectator, Harvard Crimson, Harvard, Foreign, Initiative, College Media Association, University of Alabama, Medill, Daily Northwestern, Stanford, The New York Times, The, University of North, Columbia Journalism, UNC, Trump, The University of Texas, Austin Locations: New York, Birmingham, University of North Carolina, North Carolina, Chapel Hill, Manhattan, Morningside Heights, West Harlem, Texas

☆ Team GB relishing the rivalry with Paris 2024 hosts France
▼ + stars: | 2023-10-11 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

Olympic rings to celebrate the IOC official announcement that Paris won the 2024 Olympic bid are seen in front of the Eiffel Tower at the Trocadero square in Paris, France, September 16, 2017. Team GB finished fourth as the top European nation in the 2020 Tokyo table with 22 golds, compared to 10 each for Netherlands, France, Germany and Italy. "I think the wheels are going to have to come off if we’re not top five," England told reporters at an event announcing the first Team GB athletes, all sailors, for Paris 2024. England said France had an advantage in designing courses and choosing locations but that went with the territory and was accepted. The French capital will be the second city, after London, to host the Summer Games three times when they start next July.

Persons: Benoit Tessier, Mark England, we’re, Alan Baldwin, Toby Davis Organizations: IOC, Paris, REUTERS, Olympics, Games, Team, Britain, French rugby, Barcelona, Olympic, Thomson Locations: Paris, France, Britain, Tokyo, Netherlands, Germany, Italy, United States, London, China, England, Beijing

At least 1,055 people have died in Gaza, with some 5,184 injured, according to the Palestinian Ministry of Health. New York City's Empire State Building, illuminated in the colors of the flag of Israel on October 7. “This was the largest number of Jewish victims in an attack in one day since the Holocaust,” he said. “Not during the Yom Kippur War, not in the war of independence did we see civilians killed like this. Fighting regularly takes place between Israel and Palestinian factions in Gaza, including Hamas and Islamic Jihad.

Persons: CNN —, Israel’s, Benjamin Netanyahu, Yoav Gallant, Gary Hershorn, Kathy Hochul, Adam Gray, Emmanuel Macron, Gérald Darmanin, Laurent Nuñez, Marie, Sarah Seeberger, Israel, Benoit Tessier, ”, Olaf Scholz, “, Suella Braverman, ” Braverman, Wiktor, ” Mark Gardner, Gardner, Peter Nicholls, Rishi Sunak, Robert Jenrick, Dean Lewins, Pinchas Goldschmidt, Goldschmidt, ” Goldschmidt, Carl Court, Gazans, Nadim, CNN “, Zaghloul, OCHA, Médecins, Avril Benoît Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health, Corbis, Getty, Solidarity, Opera, White, Washington DC, FBI, Department of Homeland Security, police, Marseille, Jewish, of France, Reuters, Authorities, London’s Metropolitan Police, “, Community Security Trust, Police, Publishing, Security, Hamas, ISIS, ”, Downing, Jewish Leadership Council, Saturday, Sydney Opera House, Israel, West Bank, Palestine Solidarity Campaign, Conference, Embassy, Islamic, ’, United Nations Office, of Humanitarian Affairs, MSF Locations: Israel, Gaza, . New York, Paris, Washington, United States, New York, New York City, France, French, Lyon, Paris Monday, United Kingdom, Germany, Berlin, London, London’s, Britain, Israel's, Palestine, Moscow, Ukraine, Jerusalem, Europe, Egypt

☆ Planisware postpones Euronext, marking third European float fail in a week
▼ + stars: | 2023-10-11 | by ( Nathan Vifflin | ) www.reuters.com time to read: +1 min

The Euronext stock exchange is pictured at the La Defense business district in Paris, France, September 30, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 11 (Reuters) - French software company Planisware said on Wednesday it would postpone its initial public offering on Euronext Paris, despite closing the books on the same day, making it the third European float to fail in a week. Planisware follows the steps of German gearbox supplier Renk, which pulled its listing last week despite having indicated its share pricing, also citing a "clouded" market environment. Another German company, DKV Mobilit, on Tuesday postponed its listing until next year, citing an uncertain market environement. Earlier on Wednesday, a bookbuilder said Planisware had priced its shares at 16 euros ($16.98) each, the lower end of the 16-18 euro bracket indicted last week.

Persons: Benoit Tessier, Planisware, Pierre Demonsant, DKV, Nathan Vifflin, Kirsten Donovan, Sharon Singleton Organizations: La Defense, REUTERS, Euronext Paris, Thomson Locations: Paris, France

☆ Planisware shares priced at 16 euros in Euronext's biggest IPO in two years
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The Euronext stock exchange is pictured at the La Defense business district in Paris, France, September 30, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 11 (Reuters) - French software company Planisware has priced its shares at 16 euros ($16.97) each for its initial public offering announced last week, a bookrunner said on Wednesday, making it the largest IPO on Euronext Paris in the last two years. The IPO aims to "strengthen Planisware’s position across strategic markets by increasing its market visibility and brand awareness." The group previously said it aimed for a valuation of between 1.11 billion euros ($1.17 billion) and 1.25 billion euros, with a price bracket of 16 to 18 euros per share. The company's shares are due to begin trading on Oct. 16 on Euronext Paris.

Persons: Benoit Tessier, Nathan Vifflin, Diana Mandià, Alison Williams, Louise Heavens Organizations: La Defense, REUTERS, Euronext Paris, Airbus, Philips, Ford, Pfizer, Thomson Locations: Paris, France, Planisware

[1/2] A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The move comes more than three years after it pulled out of a billion-dollar deal to buy the commercial division of local planemaker Embraer (EMBR3.SA). Boeing sees both firms aligned in the goal of developing Brazil's aerospace ecosystem. Boeing's expansion in the South American nation led two domestic defense and aerospace industry groups to sue the U.S. company for hiring local talent, a move they see harming Brazil's industry. Both groups have Embraer as a member,Boeing defended its move, saying its presence will boost Brazil's aerospace ecosystem.

Persons: Benoit Tessier, DOS CAMPOS, Brendan Nelson, Nelson, Sao Jose dos Campos, We're, Landon Loomis, Gabriel Araujo, David Gregorio Our Organizations: Boeing, Paris, REUTERS, SAO, DOS, Embraer, EMBR3, Reuters, SAF, GOLL4, U.S ., America & Caribbean, Thomson Locations: Le Bourget, Paris, France, Brazil, U.S . Brazil, Sao Jose, Sao Paulo, American, U.S, America

"There's been very little marking down of (private) assets," said Con Keating, head of research at Brighton Rock Group, an insurance company for pension schemes. "No-one knows where the next big blow-up for pensions will come from," said Henry Tapper, founder of pension market analysis group AgeWage. He said heavy selling of commercial property and private equity stakes by pension schemes is raising questions over private capital valuations. "It's the right approach to obviously put some scrutiny on private market valuations." But in deals where private equity firms and investors buy and sell portfolios of investments, assets are being valued at less.

Persons: Yann Tessier, Con Keating, Henry Tapper, EY's, Paul Kitson, Burgiss, Ben Leach, Willis Towers Watson, IOSCO, Wilfred Small, Sinead Cruise, John O'Donnell, Kirsten Donovan Organizations: City of, REUTERS, Britain's, Authority, Brighton Rock Group, Reuters, Numis Securities, Thomson Locations: City, City of London, Canary, London, Britain, Germany, Sweden

☆ Jet engine maker CFM says suspect parts found in its own repair shops
▼ + stars: | 2023-10-04 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

"CFM is reviewing the documentation turned over by AOG Technics as part of our effort to determine the full extent of their sale of parts with fraudulent documentation," CFM said. AOG Technics could not be reached for comment. CFM56 engines are repaired through third-party networks or at maintenance, repair and overhaul (MRO) facilities operated by CFM itself. The company said it had found four cases where parts from AOG entered its own facilities, impacting 16 engines. CFM said its more recent LEAP engine, used on the Boeing 737 MAX and some Airbus A320neo jets, was not affected.

Persons: Benoit Tessier, France's Safran, AOG Technics, Jose Zamora Yrala, CFM's, AOG, Tim Hepher, Chris Reese, Bill Berkrot Organizations: GE Aerospace, International Paris Air, Le, REUTERS, Rights, Jet, CFM, AOG, CFM Materials, Boeing, Airbus, Thomson Locations: Le Bourget, Paris, France, AOG

☆ France's Atos appoints Yves Bernaert as new CEO
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsCompanies Atos SE FollowOct 4 (Reuters) - French IT firm Atos (ATOS.PA) said on Wednesday it appointed Yves Bernaert as its new chief executive officer, effective immediately. Bernaert has served as the CEO Europe for Accenture Technology for the past nine years. In July 2022, Atos named Nourdine Bihmane for the top job as previous CEO Rodolphe Belmer left the company a month earlier after only a half-a-year stint. Bihmane, who was also co-CEO of the group, now becomes its deputy CEO and is still in charge of the Tech Foundations business, Atos said.

Persons: Benoit Tessier, Yves Bernaert, Bernaert, Atos, Bihmane, Rodolphe Belmer, Philippe Oliva, Michal Aleksandrowicz, Piotr Lipinski, Sharon Singleton Organizations: REUTERS, Accenture Technology, Tech Foundations, Digital, Thomson Locations: Villepinte, Paris, France, French, Atos, Gdansk

☆ LinkedIn taps AI to make it easier for firms to find job candidates
▼ + stars: | 2023-10-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

LinkedIn CEO Ryan Roslansky attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. LinkedIn has more than 950 million members, the vast majority of whom do not pay for the service. Its primary businesses is charging money to recruiters and marketing and sales professionals for access to its trove of data. Ryan Roslansky, LinkedIn's chief executive, told Reuters that in an age when job titles are changing rapidly, LinkedIn is trying to encourage hiring people whose skills fit the job requirements, regardless of title or education. "For the majority of the world, you're going to find that those tasks are going to be augmented by AI, so your role is going to need to adapt a little bit," Roslansky said.

Persons: Ryan Roslansky, Porte, Benoit Tessier, Roslansky, Stephen Nellis, Stephen Coates Organizations: Viva Technology, Porte de, REUTERS, Microsoft, LinkedIn, Reuters, Ivy League, Google, Thomson Locations: Paris, France, OpenAI, Minneapolis, San Francisco

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

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