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Wales Online
4 days ago
- Sport
- Wales Online
Champions League final tragedy as two dead and police officer in coma amid awful scenes
Champions League final tragedy as two dead and police officer in coma amid awful scenes Two fans have been killed and a policeman left in a coma after celebrations to mark Paris Saint-Germain's first-ever Champions League win turned violent Clashes take place between supporters and police using lots of tear gas in Paris (Image: Jerome Gilles/NurPhoto ) French authorities have reported two fans tragically lost their lives and a police officer is in a coma following chaotic celebrations across the country for Paris-Saint Germain's historic Champions League victory. A 17 year old lad was fatally stabbed during a PSG street party in the city of Dax, according to the national police service. In Paris, a man was killed when his scooter was struck by a car amidst the PSG festivities, as stated by the interior minister's office. Investigations are underway into both incidents. In northwest France, a police officer was inadvertently hit by fireworks and has been placed in an induced coma due to severe eye injuries, the national police service reported. Despite the majority of the celebrations remaining peaceful, they descended into violence in some areas, resulting in hundreds of arrests. The Mirror report a total of 426 people were arrested, including 417 in Paris, with 216 people being held in police custody as of Sunday morning. Tensions arose following Saturday night's game with 13 police officers and 192 others injured. Clashes take place between supporters and police using lots of tear gas in Paris (Image: Jerome Gilles/NurPhoto ) Footage on social media showed chaotic scenes as police armed with batons clashed with rioting people across the city, near to where thousands of fans had congregated. Between 2,000 and 3,000 people had gathered on the Champs-Élysées alone. France's Interior Minister Bruno Retailleau gave his view on riots in no uncertain terms. Taking to social media, he stated: "True PSG fans are getting excited about their team's magnificent performance. "Meanwhile, barbarians have taken to the streets of Paris to commit crimes and provoke law enforcement. Article continues below "I have asked the internal security forces to react vigorously to these abuses. "I offer my support to the Police Prefect and all the police officers who are ensuring everyone's safety this evening. "It is unbearable that it is not possible to party without fearing the savagery of a minority of thugs who respect nothing."
Forbes
16-05-2025
- Business
- Forbes
ArcelorMittal Is Losing The Margin War–Here's Why
CGT unionists and employees participate in a rally outside ArcelorMittal headquarters to put ... More pressure on the French management of the steelmaker, which plans to cut more than 600 jobs in Saint-Denis near Paris, on May 13, 2025. (Photo by Jerome Gilles/NurPhoto via Getty Images) ArcelorMittal (NYSE:MT) stock has been on a roll, increasing over 16% in just the last month after posting better-than-expected results for Q1 of 2025 and a positive outlook for the year. However, despite the recent optimism, there's one key problem that might catch investors off guard. ArcelorMittal's net income margin is quite low in comparison to both the industry and the sector. As of Q1 FY 2025, the most recently reported quarter, ArcelorMittal's net income margin, which indicates the accounting profit realized after accounting for operating expenses, non-operating expenses, interest, and taxes, was only 5.4%, up from -2.6% in Q4 FY 2024 and down from 5.7% in Q1 FY 2024. What about operating margins? It was 5.6% for the previous quarter. That's significantly lower than that of industry peers. For comparison, Barrick Gold Corp, another company in the metals and mining sector, achieved gross margins around 17.5% and net margins of approximately 17.4%. Kinross Gold Corporation's gross margins were quite high at 26.4%, with net margins exceeding 24%. Diluted EPS fell to $1.04 in Q1 FY 2025, down from $1.16 in the same quarter a year earlier. See: Buy Or Sell MT Stock? ArcelorMittal's margins are influenced by its global operations, especially in Europe, where energy and environmental expenses are elevated. Additionally, the recovery in demand has been sluggish. This contrasts with U.S.-focused companies such as Nucor and Steel Dynamics, which enjoy stronger domestic demand, reduced energy costs, and favorable trade protections. ArcelorMittal has significant exposure to international and emerging markets, where steel prices face less protection from tariffs or trade restrictions. In comparison, U.S. producers like Nucor and Steel Dynamics benefit from insulation in the domestic market along with higher average realized steel prices. Consequently, ArcelorMittal confronts price pressures without corresponding pricing power. ArcelorMittal employs a blast furnace (BOF) model at many facilities, which incurs higher fixed and variable costs (particularly with fluctuating input prices like iron ore or coal). This approach is less flexible compared to Electric Arc Furnace (EAF) operations used by competitors like Nucor and Steel Dynamics. When volumes or prices decline, fixed costs become burdensome, pressuring margins. The company has recognized asset impairments and restructuring charges, especially in Europe and certain legacy operations. These non-operational losses diminish net income margins even if operating cash flow remains steady. Investors should exercise caution when considering an investment in MT stock. As mentioned, both operating and net income margins are structurally lower than those of U.S. peers, suggesting reduced capital efficiency and profitability. Additionally, slow construction and automotive demand in Europe constrain near-term growth. Finally, steel is highly cyclical and susceptible to macroeconomic shocks, particularly from China (demand, exports) or global trade policy. Investing in a single stock like MT can be precarious. Conversely, the Trefis High Quality (HQ) Portfolio, comprising 30 stocks, has a history of comfortably outperforming the S&P 500 throughout the last four years. Why is that? As a collective, HQ Portfolio stocks have yielded superior returns with less risk in comparison to the benchmark index, resulting in a less volatile experience as demonstrated by HQ Portfolio performance metrics.
