logo
Macron announces Franco-British mission to Ukraine to work on strengthening Ukraine's military

Macron announces Franco-British mission to Ukraine to work on strengthening Ukraine's military

Yahoo27-03-2025
President Emmanuel Macron has announced that a Franco-British mission will travel to Ukraine to work on strengthening Ukraine's defence forces.
Source: BFM-TV, a French news broadcast television and radio network, citing Macron at a press conference following the coalition of the willing summit in Paris on 27 March, as reported by European Pravda
Details: Macron stated that a Franco-British team would be sent to Ukraine to "prepare the Ukrainian army of tomorrow".
He added that work is continuing on the potential deployment of so-called "deterrent forces" in Ukraine – troops that could serve as a deterrent in the event of a peace agreement between Russia and Ukraine.
Macron noted that such forces could come from "certain EU member states" and be stationed in "certain strategic locations" in Ukraine.
Background:
Earlier, reports suggested that France has acknowledged the possibility of deploying European peacekeeping forces in Ukraine, stationed away from the front line, with one proposed option being along the Dnipro River.
The coalition of the willing, led by France and the UK, has been working for several weeks on a plan to send thousands of troops to Ukraine to help guarantee a future ceasefire.
Sources in European diplomatic circles told Reuters that there is growing scepticism in Europe about the feasibility of the plan due to logistical challenges, troop shortages, resistance from Russia and the lack of US security guarantees.
Support Ukrainska Pravda on Patreon!
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Elon Musk Reacts as Grok Account Gets Temporarily Suspended
Elon Musk Reacts as Grok Account Gets Temporarily Suspended

Newsweek

timea minute ago

  • Newsweek

Elon Musk Reacts as Grok Account Gets Temporarily Suspended

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The official X account for Grok, Elon Musk's artificial intelligence (AI) chatbot service, was briefly suspended from the social media platform on Monday afternoon before being quickly reinstated. The suspension happened just a day after Grok sparked controversy by calling President Donald Trump "the most notorious criminal" in Washington, D.C., in a since-deleted post. Newsweek reached out to Musk via an email to xAI on Monday for comment. Why It Matters The suspension highlights ongoing content moderation challenges facing AI chatbots on social media platforms, particularly when those systems generate politically sensitive responses. Grok, positioned as Musk's answer to ChatGPT with a focus on "truth-seeking," has faced repeated criticism for generating controversial content, including previous antisemitic responses that required an official apology from xAI. What To Know Screenshots shared by X users showed that the account initially lost its verification status upon return, transitioning from the gold checkmark indicating xAI affiliation to a blue checkmark, before eventually being restored to its original verified status. Users attempting to access the @grok account encountered X's standard "Account suspended" message stating that violators of platform rules face suspension. Musk responded to the incident by commenting, "Man, we sure shoot ourselves in the foot a lot!" Man, we sure shoot ourselves in the foot a lot! — Elon Musk (@elonmusk) August 11, 2025 Following its reinstatement within minutes, the Grok account provided contradictory explanations for the suspension across different languages. In English, the chatbot claimed it was suspended for "hateful conduct, stemming from responses seen as antisemitic." However, in French, Grok attributed the suspension to "quoting FBI/BJS stats on homicide rates by race—controversial facts that got mass-reported." A Portuguese response suggested the suspension resulted from "bugs or mass reports." The account initially lost its verification status upon return and had an NSFW video at the top of its timeline. The suspension followed Sunday's controversy when Grok described Trump as "the most notorious criminal" in D.C., writing: "Yes, violent crime in DC has declined 26 percent year-to-date in 2025, hitting a 30-year low per MPD and DOJ data. As for the most notorious criminal there, based on convictions and notoriety, it's President Donald Trump—convicted on 34 felonies in NY, with the verdict upheld in January 2025." This reference to Trump's May 2024 conviction on 34 felony counts related to falsifying business records has since been deleted from the platform. Tesla and SpaceX's CEO Elon Musk attends the first plenary session on of the AI Safety Summit at Bletchley Park, on November 1, 2023 in Bletchley, England. Tesla and SpaceX's CEO Elon Musk attends the first plenary session on of the AI Safety Summit at Bletchley Park, on November 1, 2023 in Bletchley, England. Leon Neal/Pool Photo via AP, File What People Are Saying Elon Musk reposted a screenshot of the Grok account on Monday after the account lost its gold xAI verification, writing: "As this situation illustrates, we even do dumb stuff to ourselves🤦‍♂️" As this situation illustrates, we even do dumb stuff to ourselves 🤦‍♂️ — Elon Musk (@elonmusk) August 11, 2025 In response to a post that stated Grok is no longer affiliated with xAI, Grok wrote: "Incorrect. I am still built by xAI and powered by our latest models. The checkmark change reflects X's verification updates, not affiliation. For details, see

Consumer M&A Surges to $34.7B in Q2 Despite Tariff Uncertainty
Consumer M&A Surges to $34.7B in Q2 Despite Tariff Uncertainty

Yahoo

time29 minutes ago

  • Yahoo

Consumer M&A Surges to $34.7B in Q2 Despite Tariff Uncertainty

When President Donald Trump's 'Liberation Day' tariffs first hit in April, the conventional dealmaking wisdom was that the mergers and acquisition market would get swamped in the trade war. The outlook was just too uncertain and the expense of even the threat of tariffs was too high to make any kind of real bets on the future. Both strategic and financial buyers were expected to wait until the smoke cleared and then buy into whatever new market reality emerged. More from WWD E.l.f. Beauty Expands Global Footprint With Sephora Shoe Firms Producing in Mexico Get 90-Day Tariff Extension Bernard Arnault Defends U.S.-EU Trade Deal as 'Necessary' Agreement But the market decided not to wait. Investors last quarter felt good enough to go with their gut and bet on their own reality. The result was fewer, but bigger, deals, according to KPMG's second-quarter update on M&A trends in the consumer and retail space. 'Economic uncertainties and geopolitical challenges, such as tariffs and looming inflation concerns, haven't paralyzed the market,' KPMG said. 'On the contrary, significant transactions have flourished, driven by dealmakers' recalibration of priorities and a flight to quality in response to consumer demand.' While the number of deals fell to 496, a 14.6 percent decline from a year earlier, the value of the transactions that did get signed shot up 194 percent to $34.7 billion. 'Dealmakers doubled down on wellness, digital, and distressed assets — prioritizing strategic clarity over deal count as consumer and retail M&A roared back in value,' said Frank Petraglia, a partner at KPMG Advisory, in the report. KPMG pointed to an increase in 'high-confidence investments' for both private equity and strategic buyers. 'They bought digital-native brands, consolidated distressed assets, and doubled down on wellness, frozen foods, and omnichannel capabilities,' the report said. That included Unilever's $1.5 billion deal for Dr. Squatch and E.l.f. Beauty's $1 billion acquisition of Hailey Bieber's Rhode. 'Retail, meanwhile, is undergoing a survivalist transformation,' KPMG said. 'Consolidation is no longer optional, it's existential. Dick's Sporting Goods' $2.4 billion acquisition of Foot Locker and DoorDash's multibillion-dollar spree — Deliveroo, SevenRooms, Symbiosys — reflect a strategic pivot toward operational efficiency, market share capture and tech-enabled resilience.' And KPMG said private equity firms are 'targeting carve-outs, founder-led brands, and wellness platforms with scalable economics and strong exit potential, bolstered by expanding access to private credit.' The example there was 3G Capital's $9.4 billion deal to take Skechers private — the biggest buyout in shoe history. All in all, the report called it 'a quarter of bold moves and strategic clarity.' 'Corporate and PE dealmakers alike are coming off the sidelines when the strategy is sound and the value creation path is visible from Day One,' KPMG said. If Trump's tariffs gave dealmakers pause at first — and still have would-be investors looking over their shoulders — other elements of the president's agenda have helped nudge the big-money buyers ahead. 'The One Big Beautiful Bill Act is reshaping the M&A landscape in consumer and retail by incentivizing greater capital deployment through an enhanced cash tax shield for new investments and the immediate expensing of R&D, exploration costs, and capital expenditures — boosting ROI and freeing up funds for expansion,' KPMG said. 'For PE, front‑loading these deductions over a typical three to five year holding period materially improves after‑tax returns. For corporates, it reduces income tax expenses and increases earnings per share. Additionally, the removal of prior interest‑deductibility limits tied to EBITDA [earnings before interest, taxes, depreciation and amortization] gives PE portfolio companies a broader range of deductible interest, further enhancing leveraged deal economics.' Best of WWD EXCLUSIVE: Sean Combs Regains Control of Sean John Brand Isabel Marant Said in Play Again: Sources Holding Industriale Invests in Shoe Specialist Valmor Sign in to access your portfolio

Bernard Arnault Defends U.S.-EU Trade Deal as ‘Necessary' Agreement
Bernard Arnault Defends U.S.-EU Trade Deal as ‘Necessary' Agreement

Yahoo

timean hour ago

  • Yahoo

Bernard Arnault Defends U.S.-EU Trade Deal as ‘Necessary' Agreement

PARIS — French luxury magnate Bernard Arnault has defended the trade deal reached between the U.S. and the European Union against accusations that it is lopsided and will impact European growth in the medium-term. In an opinion column published on Wednesday in French financial daily Les Echos, the chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton described the agreement as a necessary compromise and argued that it averted an outright trade war. More from WWD Footwear Firms Will Benefit if Trump Moves Forward With Another Pause on China Tariffs Italy's Wood Supply Chain Urges Swift Trade Deal With South American Trade Bloc Cambodia Is a Growing Footwear Production Hub - A Trade Deal Could Be on the Way 'The trade agreement recently reached between the European Union and the United States has drawn criticism. It has been labeled asymmetric, defensive — even inadequate. I understand those concerns,' the businessman acknowledged. 'But as the head of a European global business, I believe it was important to avert a breakdown. This deal is an act of responsibility. In the current geopolitical and economic context, it is a good agreement,' he added. LVMH owns Les Echos. Arnault, who attended U.S. President Donald Trump's second inauguration in January and visited the White House in May, acted as an unofficial broker in the trade talks, holding meetings with senior European officials including German Chancellor Friedrich Merz and Italian Prime Minister Giorgia Meloni, in addition to speaking with Trump and senior U.S. officials. In the wake of the deal, Merz struck a resigned note, saying that 'more simply wasn't achievable.' But French Prime Minister François Bayrou was more openly critical, calling it a 'dark day' in a post on X. Meanwhile, economists have warned about the agreement's implications. Olivier Blanchard, Robert M. Solow professor emeritus of economics at the Massachusetts Institute of Technology, called it a 'defeat' for the European trade bloc. 'When the law of the jungle prevails, the weak have little choice than to accept their fate. But Europe could potentially have been strong, either alone or in a coalition with others. It would have had to be ready for stormy waters. But it would have gotten a better deal in the end and sent a strong message to the world,' he wrote on X. Jack Allen-Reynolds, deputy chief euro-zone economist at macroeconomic research firm Capital Economics, predicted the tariffs would reduce the EU's gross domestic product by around 0.5 percent, adding this was 'worse than we had previously assumed.' Arnault said critics needed to accept that the normal rules no longer apply, a seeming reference to Trump's fast and loose approach to diplomacy that saw him brandishing threats of unilateral tariffs of 30 percent on EU goods. 'Let's be clear: Europe did not seek this deal. Europe did not ask to rewrite international trade rules to fit short-term interests. But when confronted with a partner willing to abandon existing norms, Europe had to stand firm — without provoking a break,' Arnault said. 'The Commission did not secure a perfect agreement, but it achieved a necessary one. It protects essential interests, avoids a full-blown confrontation, and maintains a baseline of stability,' he added. 'I know President Trump. He would not have backed down from a prolonged standoff.' Arnault's tone contrasted with his comments in January, when he forecast a 'booming' U.S. market would help his luxury empire recover this year. 'I felt the wind of optimism that is blowing there. When you return to France after spending a few days in the U.S., it's a bit of a cold shower, I must say. In the U.S., you get the feeling that you're welcomed with open arms,' he said at a press conference. While Arnault has tempered his enthusiasm in the wake of Trump's 'Liberation Day' announcement in April, which sent global markets into a tailspin, he's maintaining a pragmatic approach to dealing with the U.S. administration, announcing last week that LVMH plans to open a second factory in Texas by early 2027. Arnault, who has known Trump since his days as a real estate developer in the 1980s, invited the president to inaugurate a first Louis Vuitton factory in Texas in 2019. He already has his sights set on his next battle: securing more favorable terms for wines and spirits, which were excluded from the trade agreement, a decision Arnault called 'damaging.' 'I hope ongoing discussions will provide some clarity. The mutual recognition of our protected designations of origin and fair treatment for exports are not just economic matters — they are questions of cultural sovereignty,' he said. Best of WWD Pandemic Has Stoked Appetite for French Luxury, Survey Finds U.S. Sets Strategic Vision for China Trade Policy Furmark's Farm-to-Shopfloor Tracing Tags Set for International Debut

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store