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☆ Arman Soldin: AFP journalist killed in rocket fire near eastern Ukraine's Bakhmut
▼ + stars: | 2023-05-09 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —A French journalist working for the international news agency Agence France-Presse (AFP) was killed by rocket fire near the embattled city of Bakhmut in eastern Ukraine on Tuesday. “We are devastated to learn of the death of AFP video journalist Arman Soldin in eastern Ukraine today,” AFP said. Their reporting team was with Ukrainian soldiers when they came under fire around 4:30pm local time on Tuesday, according to AFP. “The whole agency is devastated by the loss of Arman,” said Fabrice Fries, CEO of AFP, according to the news agency. In their obituary, AFP wrote that Soldin celebrated his 32nd birthday on March 21 from Kramatorsk in eastern Ukraine.

☆ There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH
▼ + stars: | 2023-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But there's a similar legacy battle going on inside LVMH, the French luxury house run by Bernard Arnault. The children of the world's richest man are vying for influence within LVMH in a "Darwinian" fight. Showrunner Jesse Armstrong says his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global. There's still plenty of rivalry between the progeny of Bernard Arnault, CEO of luxury goods behemoth LVMH and world's richest person. The Roy family of "Succession."

☆ Why Monumental Cream Puff Towers Are on the Rise
▼ + stars: | 2023-05-04 | by ( Ella Riley-Adams | ) www.nytimes.com time to read: +2 min

THE CHEF MOST often credited with inventing the croquembouche, the French-born confection that towers haughtily over any table it graces, was, unsurprisingly, an architecture enthusiast. He’d spend his afternoons in the national library across the street, mesmerized by images of architectural marvels. But it was the croquembouche in particular — a conical tower typically rising several feet high and constructed out of cream puffs (a.k.a. choux à la crème) bound together with caramel — that became a staple of French wedding banquets and, eventually, his legacy. Its name translated as “crunch in the mouth,” the pastry, when made properly, should deliver a gratifying crackle with every bite.

☆ A commuter train excavation near Notre Dame Cathedral has uncovered a 2,000-year-old necropolis containing bodies buried with coins in their mouths and an entire pig skeleton
▼ + stars: | 2023-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Remains of at least 50 men, women, and children were unearthed during excavation for a train line. The burials of a large necropolis, located south of Lutèce in the 2nd century AD , have been unearthed. The burials of a large necropolis, located south of Lutèce in the 2nd century AD, have been unearthed. One pit unearthed by the researchers contained the skeleton of a whole pig, though it is unclear what purpose it may have served. The burials of a large necropolis, located south of Lutèce in the 2nd century of our era, have been brought to light.

☆ Prescient bets by the likes of Shaquille O'Neal and Serena Williams have triggered an explosion in tech investing among Europe's sports stars
▼ + stars: | 2023-04-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +8 min

European sports stars are following US counterparts, such as Shaquille O'Neal, in betting on tech. O'Neal, who also made early bets on Google and Lyft, has shown how sports stars can become successful venture capitalists once their playing careers end. He's not alone in the US, with the football star Tom Brady and the basketball stars LeBron James and Steph Curry all actively investing in tech. The tennis legend Serena Williams went a step further and set up her own fund, Serena Ventures. Shaquille O'Neal has proven to be a shrewd tech investor with early bets on Ring, Google, and Lyft.

☆ Danone raises 2023 sales outlook after price hikes boost Q1
▼ + stars: | 2023-04-26 | by ( Dominique Vidalon | ) www.reuters.com time to read: +1 min

PARIS, April 26 (Reuters) - Danone (DANO.PA) raised its 2023 sales growth outlook after it reported higher-than-expected first-quarter revenue on Wednesday, as the world's largest yoghurt maker was able to raise prices in the face of high raw materials and energy costs. Danone, maker of Activia yoghurt, Evian water and Aptamil infant milk said it expected like-for-like 2023 sales growth of between 4% and 6%, having previously forecast 3-5% growth. Danone said sales rose 10.5% like-for-like to 6.96 billion euros in the first quarter, beating expectations for 7.3% growth in a company-compiled consensus of 18 analysts. Danone, like its rivals Nestle (NESN.S) and Unilever (ULVR.L), has increased prices to cope with surging commodities and supply chain costs but faces a challenge when it comes to the extent of price hikes before even affluent shoppers decide enough is enough. Danone increased its prices by 10.3% during the quarter while sales volume remained positive, up 0.2%.

☆ Sony teases 2023 film slate, including R-rated 'Kraven The Hunter'
▼ + stars: | 2023-04-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Tom Holland is Spider-Man in the Sony-Marvel film "Spider-Man: No Way Home." LAS VEGAS — CinemaCon kicked off Monday with a major announcement from Sony Pictures — its upcoming "Kraven the Hunter" would mark the first R-rated Marvel film produced by the studio. "F--- yes, it's rated R," said Kraven himself Aaron Taylor-Johnson in a pretaped teaser for the film before Sony showed the first trailer for the profane and bloody action flick. Sony showed 14 minutes of the film — due out June 2 — to CinemaCon audiences, who laughed and cheered for the uniquely animated feature. Sony also showcased a clip from Jennifer Lawrence's upcoming R-rated drama "No Hard Feelings" to raucous applause.

☆ Barcelona scrapes by Atlético Madrid 1-0 to remain in firm control of La Liga title race
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +3 min

CNN —FC Barcelona scraped by Atlético Madrid 1-0 at the Camp Nou to extend its lead at the top of La Liga over eternal rival Real Madrid to 11 points. Ferrán Torres’ goal in the 44th minute made the difference, ensuring Atlético continued its 17-year winless drought – with 8 draws and 15 losses – at the Camp Nou. Antoine Griezmann was Atlético's main offensive threat, but he was thwarted by the crossbar and Marc-André ter Stegen twice. Just when Barça’s domination of possession in the first half seemed to be fruitless, the first goal materialized near the stroke of half-time. The win means Barcelona remains in firm control in the La Liga title race with eight matches remaining and an 11-point lead ahead of Real Madrid.

☆ Luxury industry under scrutiny as EU targets Gucci and others
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 20 (Reuters) - Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investigation spanning several countries. The article prohibits agreements that restrict, prevent or distort competition within the EU and which have an effect on trade between EU member states. Kering (PRTP.PA), the French-listed owner of Gucci, late on Wednesday confirmed a Reuters report on the inspection, adding that it was cooperating fully with the European Commission investigation into the industry. Companies found guilty of breaking EU rules face fines of as much as 10% of their global turnover. The Commission said on Tuesday that the latest action was not related to other raids involving the fashion industry in the past two years.

PARIS, April 20 (Reuters) - Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci's Milan headquarters this week as part of an investigation spanning several countries and companies. Reuters reported on Wednesday that as part of the probe EU antitrust regulators were inspecting a facility of luxury goods company Gucci in Milan, one of the fashion capitals of the world. The inspection of the Gucci site was aimed at possible violations of the European Union's Article 101, according to a source with direct knowledge of the matter. The article prohibits agreements that restrict, prevent or distort competition within the EU and which have an effect on trade between EU member states. Kering (PRTP.PA), the French-listed owner of Gucci, late on Wednesday confirmed the inspection, adding that it was cooperating fully with the European Commission investigation into the industry.

☆ France's Ynsect to refocus bug business after capital increase
▼ + stars: | 2023-04-16 | by ( Sybille De La Hamaide | ) www.reuters.com time to read: +3 min

[1/2] Ynsect's Chairman and CEO Antoine Hubert displays mealworms at the laboratory of the insect farm Ynsect, which harvests mealworms for bug-based animal food and fertilizer, in Dole, France, October 22, 2020. Farmed bugs, such as mealworms, are ground down to produce proteins for aquaculture, livestock, pet food, fertilisers and human nutrition. Ynsect will close its Dutch production plant, acquired through the takeover of Protifarm in 2021, which rears a different type of bug, while keeping research activities. In addition the company will cut 38 jobs in France, out of a total of about 360 people, Hubert said. In its latest round of fund raising in 2020 Ynsect brought in more than 315 million euros, of which about 175 million euros was capital and the rest in debt and subsidies.

☆ LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone
▼ + stars: | 2023-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

LVMH boss Bernard Arnault's net worth surpassed $200 billion on Tuesday. Arnault is also the first person outside the US to surpass a net worth of $200 billion. His net worth gained $2.4 billion on Tuesday, bringing the Frenchman's fortune to $201 billion, per Bloomberg's index. Shoppers in China are expected to boost the luxury goods sector this year after the country lifted COVID-zero restrictions. The 73-year-old tycoon has not announced who will succeed him as LVMH CEO.

"It's a very prestigious thing to host the first visit abroad of the King of England, it doesn't happen every day. "Our message will be clear: There may be a temptation to get closer to Russia, but do not cross that line," a senior French diplomat said. They need a good relationship with Europe so will not want to play on Macron's internal problems," another French diplomat said. Analysts say China's deteriorating relationship with the U.S. gives Europe a bit more leverage, with the EU's vast single market becoming more crucial for China. Reporting by Michel Rose, John Irish in Paris and Laurie Chen in Beijing; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ France already firing on all cylinders as new chapter begins
▼ + stars: | 2023-03-25 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

Mbappe also set up Antoine Griezmann for the opening goal, soothing the Atletico Madrid player's disappointment after he was only named vice-captain. Eduardo Camavinga added: "His attitude hasn't changed, he's still the same, we're very happy that he scored that double. Deschamps wasted no time in installing Konate and Upamecano, 23 and 24 respectively, in central defence. France next face Ireland in Dublin on Monday. Reporting by Julien Pretot; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ France still on track for home World Cup despite losing Six Nations title
▼ + stars: | 2023-03-19 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

PARIS, March 19 (Reuters) - France surrendered their Six Nations title on Saturday but over the last four years they have rediscovered their brilliance and less than six months before hosting the World Cup Les Bleus know they have a credible shot at claiming the crown. "We started the tournament in unremarkable fashion," said Galthie as he drew his conclusions on his fourth Six Nations in charge of France. "We're the best attack of the tournament," said Galthie, whose team have not finished below second place in the Six Nations in four editions. I don't know if we're the team to beat (for the World Cup), but I certainly hope that the other teams fear us." "We gave Wales a couple of soft tries so we need to be more consistent and more rigorous for 80 minutes."

Signs of calm and stability in banking stocks, which have tanked in the past week following the collapse of Silicon Valley Bank (SVB), soon paved way for renewed selling as Credit Suisse shares fell to record lows. Reuters GraphicsThe STOXX 600 (.STOXX) index fell 1.67%, while Europe's broad FTSEurofirst 300 index (.FTEU3) fell 51.58 points, or 2.91%Investors rushed back into safe haven investments. "The Credit Suisse share price is falling and government bonds are rallying on the back of that. Markets are "spooked" by Credit Suisse headlines, said Richard McGuire, head of rates strategy at Rabobank in London. "For today Credit Suisse is the dish of the day but we don't think this will be a longer lasting trend," he said.

[1/3] Switzerland's national flag flies above a logo of Swiss bank Credit Suisse in front of a branch office in Bern, Switzerland November 29, 2022. Reuters GraphicsThe STOXX 600 (.STOXX) index fell 1.29%, while Europe's broad FTSEurofirst 300 index (.FTEU3) fell 44.48 points, or 2.51%. "The Credit Suisse share price is falling and government bonds are rallying on the back of that. Markets are "spooked" by Credit Suisse headlines, said Richard McGuire, head of rates strategy at Rabobank in London. "For today Credit Suisse is the dish of the day but we don't think this will be a longer lasting trend," he said.

☆ Credit Suisse unease sparks selloff in world stocks
▼ + stars: | 2023-03-15 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +5 min

[1/3] Switzerland's national flag flies above a logo of Swiss bank Credit Suisse in front of a branch office in Bern, Switzerland November 29, 2022. Reuters GraphicsEurope's bank index has now seen more than 120 billion euros evaporate ($127.08 billion) in since March 8. "The Credit Suisse share price is falling and government bonds are rallying on the back of that. Markets are "spooked" by Credit Suisse headlines, said Richard McGuire, head of rates strategy at Rabobank in London. "For today Credit Suisse is the dish of the day but we don’t think this will be a longer lasting trend," he said.

☆ Instant View: Banking stocks tank again as Credit Suisse woes rock market
▼ + stars: | 2023-03-15 | by ( Reuters Staff | ) www.reuters.com time to read: +3 min

FILE PHOTO: A Credit Suisse logo is pictured on a the roof of a branch in Geneva, Switzerland, November 3, 2022. European banks shares slid over 6%, European stocks were down more 3% and U.S. stock futures pointed to a weak start for Wall Street shares. MARKET REACTION:STOCKS: Credit Suisse share trading was halted after heavy losses, last down over 20%, ING Group, ABN AMRO were4 down over 6%. “But in general, the balance sheet is in a much better position, with the European banks all highly regulated. So, it is important that the European regulator make clear that the underlying systemic risk, not only for deposits, but in the overall European banking market, is rather low.”

☆ Uneasy calm descends after SVB-triggered turmoil
▼ + stars: | 2023-03-15 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +5 min

The European Central Bank is still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, given high inflation, a source close to its Governing Council told Reuters. European stocks slipped 0.9% (.STOXX) in early trade but held above three-month lows reached on Monday as panic gripped world markets following SVB's collapse last week. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.9%, having slid 1.7% on Tuesday. Japan's Nikkei index was flat (.N225) while an index of Japanese banks, which has slid 8% this week, jumped over 3% (.IBNKS.T). There had been worries that stronger-than-expected data might lead the Fed to go for jumbo-sized hikes to battle inflation.

☆ ‘I Live in Hell’: The Psychic Wounds of Ukraine’s Soldiers
▼ + stars: | 2023-03-14 | by ( Photographs Antoine D Agata | Text Ellen Barry | ) www.nytimes.com time to read: +15 min

The soldier’s ward is a quiet place, high-ceilinged, with chess boards and a Ping-Pong table; you could mistake it for a rest home, except that the door handles have been removed. Tap Click to read their stories Oleksandr, 21 Occupation: Soldier, former student “I finished school and joined the army in 2021. Now I’m mostly sad; I’m better off alone.” Yulia, 47 Occupation: Soldier; combat medic, independent forensic expert I’m a combat medic. Stanislav, 29 Occupation: Soldier, former cook “I didn’t plan to end up here. I adjust to each person in this way.” Serhii, 42 Occupation: Soldier, former employee at a shipping company On April 28 2022, I joined the air assault forces.

March 13 (Reuters) - Euro zone government bond yields tumbled on Monday as the collapse of Silicon Valley Bank (SVB) sent investors rushing into safe-haven assets and caused traders to bet on a smaller rate hike from the European Central Bank (ECB) on Thursday. SVB's collapse sparked a massive rally in European and global bond markets on Monday. The German 2-year bond yield was last down 34 basis points (bps) at 2.746%, on track for its biggest one-day drop since 1995. Market pricing showed traders thought a 25 bp hike is now the more likely outcome, despite 50 bps appearing almost certain last week. The European Central Bank is not planning an emergency meeting of its banking supervisory board on Monday after the collapse of SVB, a senior source told Reuters.

☆ Euro area bond yields tumble as SVB collapse scares investors
▼ + stars: | 2023-03-13 | by ( Stefano Rebaudo | ) www.reuters.com time to read: +3 min

March 13 (Reuters) - Government bond yields fell on Monday as investors rushed into safe-haven assets while assessing the possible fallout from Silicon Valley Bank's (SVB) collapse amid bets on less aggressive tightening from the U.S. Federal Reserve. The European Central Bank is not planning an emergency meeting of its banking supervisory board on Monday after the collapse of SVB, a senior source told Reuters. European stocks fell on Monday and were on course for their worst day in almost three months, as the region's banking shares continued to tumble. Fed funds futures showed traders scaled back their projections for the Fed's next rate rise, but markets still bet on a less than 50% chance of a 25 bps rate hike next week. ESTR forwards currently imply an 80% chance of a 50 bps rate hike next week.

The S&P 500 banks index (.SPXBK) dropped 6.6% on Thursday and was set to open lower again on Friday. The crisis at SVG was feeding growing investor concerns that banks will be vulnerable to the rising cost of money. In an unusual step, Commerzbank, one of Germany's largest banks, issued a statement, playing down any threat from SVB, saying it did not see "a corresponding risk for us". "The market is treating this as a potential contagion risk," said Antoine Bouvet, senior rates strategist at ING in London. A spike in interest rates has led to a sell-off in bonds, leaving banks exposed to potential losses on the securities they hold.

[1/2] European Central Bank and SVB (Silicon Valley Bank) logos are seen in this illustration taken March 10, 2023. SVB, which does business as Silicon Valley Bank, was not immediately available for comment. "Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold," said Karl Schamotta, Chief Market Strategist at Corpay. “The current liquidity run on Silicon Valley Bank is having a knock-on effect on the wider banking system," said Rick Seehra, Prudential Lead at Bovill. But banking experts said SVB's issues were unique and the worries about the broader sector were not warranted.

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