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The STOXX 600 (.STOXX) rose 1.1% by 0932 GMT. The European basic resources index (.SXPP) surged 4.6% to a seven-week high and was set for its biggest weekly gain in more than three months. Luxury giants including LVMH (LVMH.PA), Kering (PRTP.PA), Pernod Ricard (PERP.PA) and Hermes International (HRMS.PA) climbed between 2.5% and 3.5%. Among other stocks, manufacturer Andritz (ANDR.VI) surged 9.2% to the top of the STOXX 600, as its quarterly sales and profit rose significantly. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Subhranshu Sahu and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
Tom Ford return offers remedy for Gucci fatigue
  + stars: | 2022-11-04 | by ( Lisa Jucca | ) www.reuters.com   time to read: +3 min
MILAN, Nov 4 (Reuters Breakingviews) - Tom Ford’s return to the realm of Gucci owner Kering (PRTP.PA) would add some much-needed sparkle. Bringing Tom Ford himself on board could even help revitalise it. Tom Ford offers diversification at a reasonable valuation. Sales of Tom Ford Beauty’s cosmetics and fragrances grew at a double digit rate in the third quarter, according to Vogue Business. In August, the Wall Street Journal reported that beauty giant Estée Lauder was looking to buy Tom Ford for $3 billion.
How Seoul crowd crush turned Halloween revelry to disaster
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +11 min
21:07 Police: Yes, Emergency report 112.Caller: Hello.Police: Yes, this is emergency report.Caller: Hello, this is Halloween street above Itaewon.Police: Yes.Caller: We’re near a bar called Meeting Square. During the festival.Police: Yes, yes.Caller: Oh, hey, hey, what's that called, it's a Halloween festival but it’s a serious situation. Oh, it's in front of the Meeting Square.Police: Yes.Caller: Yes, yes, the condition is a bit serious right now.Police: Meeting Square, Itaewon?Caller: Yes, Itaewon Station, Meeting Square.Police: Oh, yes, I understand. Yes.Caller: Yes. 22:00 Police: Emergency report 112.Caller: Ah, I want to report.
SummarySummary Companies Luxury stocks lift euro zone blue-chipsMining, energy stocks rise on higher commodity pricesFed's two-day meeting to start later in the dayMonte dei Paschi up as cash call 93% coveredNov 1 (Reuters) - European shares jumped on Tuesday, boosted by miners and luxury stocks, amid rising hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes next month. The pan-European STOXX 600 index (.STOXX) rose 1.2% by 0905 GMT, kicking off November on a solid footing and hovering at their highest in more than six weeks. The EURO STOXX 50 index (.STOXX50E) gained 1.2% after luxury giants including LVMH (LVMH.PA), Kering (PRTP.PA), Hermes International (HRMS.PA) and Pernod Ricard (PERP.PA) jumped between 2.2% and 3.9%. Miners in Europe (.SXPP) leapt 3.0% while oil & gas stocks (.SXEP) added 1%, as prices of oil and industrial metals rose against declines in the dollar. ECB President Christine Lagarde said the central bank must keep raising interest rates to fight off inflation even if the probability of a euro zone recession has increased.
Atos sees strong sales continuing in fourth quarter
  + stars: | 2022-10-26 | by ( Mathieu Rosemain | ) www.reuters.com   time to read: +2 min
The group, whose stock price has tumbled 80% over the last 12 months, said it expected the positive momentum to continue in the fourth quarter, in part because some bookings were delayed. Atos' management said it expected a significant improvement in this indicator in the fourth quarter. "We've had delays in major contracts that will materialize in the fourth quarter," co-chief executive officer Philippe Oliva told reporters in a call. Atos also said the split-up plan, which includes spinning off and combining its most lucrative assets such as cybersecurity division BDS, was on track, with completion expected in second half of 2023. ($1 = 1.0045 euros)Reporting by Mathieu Rosemain; Editing by Jacqueline Wong and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Biden: China's Xi knows we are not seeking conflict
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, Oct 26 (Reuters) - President Joe Biden, meeting his top military advisers, said on Wednesday that the United States does not seek conflict with China and that Chinese President Xi Jinping knows this. U.S.President Joe Biden attends a meeting with Defense Department leaders in the State Dining Room at the White House in Washington, U.S. October 26, 2022. REUTERS/Jonathan ErnstBiden said the United States would continue to lead ona number of issues, from Russia's aggression in Ukraine to climate change to the Indo-Pacific region. "We do not seek conflict with them," he said of the Chinese. Reporting by Trevor Hunnicutt and Steve HollandOur Standards: The Thomson Reuters Trust Principles.
PARIS, Oct 24 (Reuters) - French technology consultancy company Atos (ATOS.PA) said on Monday it had been approached by several players interested in buying its Tech Foundations business. "Following rumors in the French press, Atos confirms that, since the presentation of its separation plan at the CMD on June 14, the company has been approached by several players interested in a potential acquisition of its Tech Foundations business," Atos said in a statement. "The possibility that such a mark of interest results in a transaction is very uncertain," it added, without naming any of the interested parties. Register now for FREE unlimited access to Reuters.com RegisterAtos reorganised its business around three divisions earlier this year, with the Tech Foundations unit grouping activities that the company defines as approaching maturity, such as data centres and business process outsourcing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Dominique Vidalon, editing by Silvia Aloisi, editing by Richard LoughOur Standards: The Thomson Reuters Trust Principles.
A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.
Hermes eyes big price rises, says no sign of slowdown
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
The logo of Hermes is seen on a store in Paris, France, April 24, 2020. "We will probably have price hikes between 5 and 10 percent," Hermes executive vice president of finance Eric du Halgouet told reporters on Thursday, adding this was due to rising labour costs and currency fluctuations. Register now for FREE unlimited access to Reuters.com RegisterThe company raised prices by around 4% this year and by 1.5-2% on average in previous years. "Sales in Greater China picked up strongly, despite temporary closures due to sanitary measures mainly in Macau, Chengdu and Dalian in July and August," the company said in a statement. ($1 = 1.0222 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa Spencer, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
"We will probably have price hikes between 5 and 10 percent," Hermes executive vice president of finance Eric du Halgouet told reporters on Thursday, blaming increased costs and currency movements. Hermes, which has waiting lists for its prized $10,000-plus handbags and limits production to maintain exclusivity, increased prices by around 4% this year and by 1.5-2% on average in previous years. That compares with double-digit price hikes at Chanel. "For the moment, we don't see any sign of slowdown in any of our markets,” said du Halgouet. The Hermes figures suggest that "high-end global luxury goods demand has yet to normalise," said Luca Solca, analyst at Bernstein.
Political uncertainty, rising rates weigh on UK stocks
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
SummarySummary Companies FTSE 100 down 0.2%, FTSE 250 off 0.3%Oct 20 (Reuters) - Worries over a deepening political crisis in the UK and rising interest rates globally kept London's main stock indexes under pressure on Thursday, with shares of homebuilders edging toward a multi-year low hit recently. UK's housing index (.FTNMX402020), which hit a near decade low last week, slipped 1.5% as rising interest rates fuelled concerns about affordability and a sharp slowdown in the sector. The blue-chip FTSE 100 (.FTSE) slipped 0.2% by 0715 GMT, while the midcap FTSE 250 index (.FTMC) dropped 0.3%. read moreA bright spot was luxury goods maker Burberry (BRBY.L), up 1.7%, after French peer Hermes (HRMS.PA) reported a sharp rise in sales growth. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Reyes said Hollywood films often reflected the politics of their time — and that had an influence on Latino roles. Studies by the Government Accountability Office, the University of Southern California and other groups consistently show that Latinos are underrepresented in the film industry. Just this year, UCLA’s Hollywood Diversity Report documented “enormous gains” by women and people of color, but Latino representation still lagged. Slowly but surely, we are shaking up the narrative in Hollywood.”Calderón is frustrated by the continuing practice of “brownface,” whereby Latino roles go to white actors. Sanchez cited Eugenio Derbez in “Coda” (2021) as an example of a well-written Latino film character.
Doctors are trying to save her but there (may be) no hope of survival,” the girl’s mother told CNN on Thursday. But the girl did not tell her mother about the alleged attack, and instead, like many survivors of sexual assault, lived in silence. Since we belong to the same family, we settled the matter,” said the girl’s mother, adding she now wants the alleged rapist to be hanged. The victim’s home is in a low-income neighborhood in the city of Mainpuri in Uttar Pradesh, India’s most populous state. Devendra Singh Chauhan for CNNIf Uttar Pradesh were a country, it would be the world’s fifth largest with a population of more than 200 million.
EU clears Celanese to buy DuPont unit on divestment condition
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
Celanese announced the deal in February but had to offer remedies to address EU antitrust concerns. The combined entity would have been the largest producer of thermoplastic copolyester (TPC) in the European Economic Area and globally, with only a few alternative suppliers remaining. Register now for FREE unlimited access to Reuters.com RegisterThe EU approval is conditional on Celanese divesting its global TPC business, including its production facility in Italy and certain brands. DuPont is remoulding its portfolio to focus on high-margin electronics and water solutions businesses. Register now for FREE unlimited access to Reuters.com RegisterReporting by Charlotte Van Campenhout; editing by Philip BlenkinsopOur Standards: The Thomson Reuters Trust Principles.
"LVMH's 3Q22 print will likely reassure on the health of the high-end consumer in the run-up to the festive season," said Thomas Chauvet of Citi. He said he had seen no signs that lower product categories were underperforming -- a category that has been closely eyed for signs of weakness. Analysts have been on the look out for signs of weakness in more aspirational products as younger shoppers face rising living costs. Guiony flagged a strong performance in watches -- luxury products that tend to do well in an inflationary environment because they hold their value. Hermes and Kering (PRTP.PA) report third quarter sales on Oct. 20.
European shares fall for sixth day on earnings jitters
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +3 min
Weak results from Barratt Developments (BDEV.L), Britain's largest housebuilder, sparked a selloff in the sector. read more"Although depressed sentiment and cheapened valuations are tailwinds for European stocks, the region's macroeconomic outlook remains a potent headwind that could lead to further downside for European earnings," analysts at BCA Research wrote in a note. Overall, European companies are expected to report a 29.4% increase in third-quarter profit, slightly below the 33.2% rise forecast at the start of October, as per Refintiv IBES data. read moreOther luxury stocks such as Hermes (HRMS.PA), L'Oreal (OREP.PA) and Christian Dior (DIOR.PA) gained between 0.9% and 2.7%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
LVMH sales jump by 19% in third quarter, beating forecasts
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +1 min
PARIS, Oct 11 (Reuters) - French luxury goods giant LVMH (LVMH.PA) beat market forecasts in the third quarter, posting a brisk rise in sales as wealthy shoppers continued to splash out on fashion, with an added boost from improved business in China as COVID-19 curbs eased up. Sales at the world's biggest luxury group came to 19.8 billion euros ($19.2 billion), up 19% on a comparable basis from a year earlier, beating analyst expectations for 13% growth according to a Visible Alpha consensus. The third quarter results for LVMH, which also owns Sephora, Bulgari and Tiffany & Co., kicks off earnings season for the industry. Rivals Hermes (HRMS.PA) and Gucci owner Kering (PRTP.PA) will report sales for the three months on Oct. 20. ($1 = 1.0277 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa Spencer, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
PARIS, Oct 10 (Reuters) - French luxury groups LVMH (LVMH.PA), Gucci-owner Kering (PRTP.PA) and Hermes (HRMS.PA) are expected to post double-digit third-quarter sales growth as demand for high-end fashion from tourists and shoppers revamping post-pandemic wardrobes remains strong. Without citing a corresponding inflation figure, UBS estimates prices for the sector increased by 4.6% on average this year, through July. A Visible Alpha consensus cited by the bank points to 13% organic sales growth. Pusz expects 13% organic sales growth for Kering and 15% growth at constant rates from Hermes, over the period. LVMH posts third-quarter revenue on Oct. 11, while Kering and Hermes announce results on Oct. 20.
Cheetahs are being reintroduced to India after being declared extinct in the country in 1952. The reintroduction effort is aimed at creating a viable population of wild cheetahs. Some experts are critical of the plan, saying it's more like a large "zoo" than a wild population. The reintroduction plan, which is estimated to cost about $11 million, aims to establish a viable, free-ranging population of cheetahs. "The cheetah is a magnificent animal, it's a big magnet for ecotourism," Jhala told National Geographic.
There is “no better time to be a young woman of color” than right now, Pierre-Bravo emphasized, “because the tide is shifting. In 2019, Pierre-Bravo teamed up with her mentor Mika Brzezinski to co-author “Earn It!” a book aimed at helping young women navigate their careers. During the pandemic, Pierre-Bravo created Acceso, an online platform dedicated to opportunity and mentorship for young women. According to Maria Chávez, professor of political science at Pacific Lutheran University, it is not uncommon for professional Latinas to feel stress both in the workplace and at home. With “The Other,” Pierre-Bravo hopes that young women can benefit from her journey and learn how to move ahead.
Register now for FREE unlimited access to Reuters.com RegisterValneva logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoPARIS, Sept 26 (Reuters) - French drugmaker Valneva (VLS.PA) said on Monday it is in talks with a potential partner on producing an updated version of its COVID-19 vaccine that targets new variants of the disease, sending its shares up. The French company has struggled to bring its COVID-19 vaccine to market to compete with rival products from drugmakers such as AstraZeneca, Moderna and BioNTech/Pfizer. "The company is in active discussions with a prospective partner for potentially funding the development of a second-generation COVID-19 vaccine," Valneva said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel and Darmarah Mackos; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Toate persoanele - inclusiv cele complet vaccinate şi cele care s-au vindecat de pe urma COVID-19 - vor trebui să intre într-o carantină de 24 de ore după intrarea în ţară, sau cel puţin până la aflarea rezultatului testului la coronavirus efectuat pe aeroport, a anunţat Ministerul Sănătăţii.Testarea pe aeroport este obligatorie.În prezent este permisă intrarea în ţară doar a unui număr limitat de turişti vaccinaţi.Orice persoană sosită din ţări pentru care s-a emis o alertă specială de călătorie din cauza incidenţei ridicate a infectărilor trebuie să intre într-o carantină suplimentară de 10 zile, a indicat ministerul.Anterior au existat excepţii pentru persoanele vaccinate sau care trecuseră prin infecţia cu coronavirus.Potrivit Ministerului Sănătăţii, numărul infectărilor a crescut semnificativ în ultima săptămână, vineri fiind raportate 450 de cazuri noi, inclusiv 39 grave.Majoritatea cazurilor noi sunt provocate de varianta Delta, mai contagioasă, depistată iniţial în India.Din cei 9,3 milioane de locuitori din Israel, peste 5,7 milioane au primit o doză de vaccin împotriva COVID-19, dintre care 5,2 milioane au încheiat schema de vaccinare.
Locations: ţară, Israel
Компания «Food Planet Restaurants» заявила о расширении франчайзинговой сети «McDonald`s» в Молдове. Последний его объект был открыт в 2017 году в кишиневском торговом центре «Zity Mall», став пятым рестораном сети «McDonald`s» в Молдове. Наиболее масштабные инвестиции «Food Planet Restaurants» пришлись на 2014-2015 гг., когда «McDonald`s» начала масштабную перезагрузку своих ресторанов, с целью повышения лояльности к бренду. Так, в 2017-м доходы от продаж «Food Planet Restaurants» составили 148 млн леев, в 2018-м — 168 млн леев, а в 2019-м — 187,3 млн леев. Чистая прибыль составила 26,7 млн леев, 33,5 млн леев и 41 млн леев соответственно.
Persons: McDonald, Раду Годорожа, Буюкань, Илие Нэстасе Locations: Молдова, Буюкань, АлбаЮлия, Австрия, Кишинев, Бэлць
Serbia este prima ţară europeană care produce acest vaccin, în afară de Rusia şi Belarus.Preşedintele sârb a precizat că va urmări prin transmisiune video lansarea operaţiunilor programate pentru ora 15:30 GMT la Institutul de Virologie Torlak, alături de omologul său rus,Vladimir Putin. "În câteva zile veţi avea primele vaccinuri produse în Serbia pe care le putem oferi cetăţenilor noştri, dar şi cetăţenilor din regiune, din Europa şi din întreaga lume", a adăugat Aleksandar Vucic.Serbia va produce, de asemenea, vaccinul chinezesc Sinopharm, a reamintit el.Ţara urmează să producă patru milioane de doze de vaccin Sputnik V în următoarele şase luni, a declarat ministrul sârb al Dezvoltării tehnologice, Nenad Popovic.Vaccinul rusesc Sputnik V a fost aprobat în peste 65 de ţări, însă nu a primit undă verde din partea Statelor Unite şi a Uniunii Europene.Oficialii ruşi s-au declarat optimişti vineri că vaccinul lor va fi recunoscut de Organizaţia Mondială a Sănătăţii (OMS) şi de Agenţia Europeană a Medicamentului (EMA).Serbia a cumpărat până în prezent milioane de doze de vaccinuri chinezeşti, ruseşti şi occidentale.Ţara balcanică, cu şapte milioane de locuitori, a vaccinat complet 30% din populaţia sa, potrivit datelor colectate de AFP.Pentru a încuraja populaţia să se vaccineze, Belgradul a oferit bonusuri de 25 de euro şi a demarat campanii de vaccinare în centrele comerciale.Circa 7.000 de sârbi au murit din cauza COVID-19 şi peste 710.000 de persoane au fost infectate cu noul coronavirus.
Persons: Vladimir Putin ., Aleksandar Vucic.Serbia, Europene.Oficialii ruşi Organizations: Sputnik, OMS Locations: Serbia, Rusia, Europa, Statelor Unite
Naționala de fotbal a pierdut amicalul cu Turcia
  + stars: | 2021-06-04 | by ( ) www.ipn.md   time to read: 1 min
Naționala de fotbal a pierdut amicalul cu TurciaNaționala de fotbal a Moldovei a fost învinsă de Turcia cu 0-2, într-un meci amical disputat în orașul german Paderborn, transmite IPN. Turcii au controlat prima repriză, dar puteau încasa gol după ocaziile bune ale lui Vitalie Damașcan și Sergiu Platica. După pauză, Burak Yilmaz și Cengiz Under au înscris cele două goluri în poarta lui Dumitru Celeadnic. Selecționerul Roberto Bordin a folosit următorii jucători: Celeadnic, Arhirii, Potîrniche, Posmac, Anton (Dros 56), V.Damașcan (Nicolaescu 67), Spătaru (Cleșcenco 87), Jardan, A.Antoniuc (Costrov 67), S.Platica, Rață. Pentru Turcia urmează meciul de deschidere de la Campionatul European cu Italia, programat pe 11 iunie la Roma, iar pentru naționala Moldovei este programat amicalul de duminică cu Azerbaidjan de la Chișinău.
Persons: Vitalie Damașcan, Sergiu Platica, Dumitru Celeadnic, Roberto Bordin, Anton, Nicolaescu, Spătaru Organizations: Turcia Naționala, fotbal, Moldovei Locations: Turcia, german Paderborn, Celeadnic, Arhirii, Potîrniche, Jardan, A.Antoniuc, Italia, Roma, Moldovei, Azerbaidjan, Chișinău
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