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France's Dassault Systemes delays earnings target timeline until 2029
France's Dassault Systemes delays earnings target timeline until 2029

The Star

time3 days ago

  • Automotive
  • The Star

France's Dassault Systemes delays earnings target timeline until 2029

FILE PHOTO: A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier/File Photo (Reuters) -French software company Dassault Systemes extended the target period of its medium-term earnings per share (EPS) forecast by one year on Friday, at a time when weak auto demand and tariff-driven uncertainty weigh on its business. The group, which sells its software to automakers, plane makers and industrial companies, had aimed to double its non-IFRS diluted EPS to between 2.20 euros and 2.40 euros under its 2023–2028 strategy, a target it now expects to reach in 2029. Hit by a prolonged slowdown in the global auto industry, Dassault Systemes lowered its 2025 operating margin growth forecast in April, citing market volatility related to U.S. President Donald Trump's tariffs. It had also cut 2024 forecasts twice in the second half of last year. The repeated outlook cuts have fuelled investor concerns over the company's ability to hit its medium and longer term targets, including those set for 2028. The company did not provide updates on its mid-term revenue target in the statement published ahead of its investor day event. It had previously forecast double-digit percentage growth until the end of 2028. (Reporting by Anna Peverieri in Gdansk, editing by Milla Nissi-Prussak)

Cannes red carpet gets second life as handbags, hats or slippers
Cannes red carpet gets second life as handbags, hats or slippers

GMA Network

time4 days ago

  • Entertainment
  • GMA Network

Cannes red carpet gets second life as handbags, hats or slippers

Kylie Verzosa poses on the red carpet during arrivals for the screening of the film "Nouvelle Vague" in competition at the 78th Cannes Film Festival in Cannes, France, May 17, 2025. REUTERS/ Sarah Meyssonnier MARSEILLE — After being walked for two weeks by stars from Tom Cruise to Rihanna, the legendary red carpets of the Cannes film festival are set for a second life thanks to an upcycling charity and some environmentally conscious designers. The red carpets were replaced daily at the festival, which ended on May 24, with organizers handing over 1.5 tons of fine red material to a non-profit organization in the port city of Marseille. The carpets now sit on pallets or in black waste bags in a warehouse used by the La Reserve des Arts in the deprived northern suburbs of Marseille where they are being sorted, cleaned and prepared for re-use. Some of them have small holes—possibly a result of hosting all those towering stilettoes—while others have been marked by footsteps or scuffs. "By reconditioning them, we're helping to reduce the environmental impact of the event—something the festival is aware of," Jeanne Re, coordinator at La Reserve des Arts, told AFP during a visit on Wednesday. The charity specializes in re-using or "upcycling" products used by the fashion, theatre or other entertainment industries, finding new lives for items that might otherwise have ended up as waste. The approach helps to reduce landfill and is seen as a response to growing public concern about the volume of single-use items used to put on public events. But some environmental groups believe so-called second-life policies can result in "greenwashing," leading organizers and companies to tout their recycling policies rather than focusing on reducing their overall consumption. Cruise footsteps The Cannes carpet is being resold at just one euro a kilo, Re telling AFP that amounted to 33 cents per square meter—an "unbeatable" price. She added that the goal was to make it "as accessible to as many of our members as possible." Elsa Ramouni-Yordikian, an artist and member who has been using the red carpets for the last four years, told AFP she had used the material for handbags, bucket hats, glasses cases and even bags for wine bottles. Some were "quite unique pieces," she said of her work with the charity Les Nippones. She recently showcased her creations made with the 2024 carpet in an exhibition in Marseille titled "Dress like a Movie Star." "The fact that it comes from a famous festival and is recycled locally—that makes sense to us," she said. Production of synthetic materials like the red carpets will "never stop, there will always be more, just like festivals and trade shows, so we need to find ways to give them new value," she said. The top prize for best film at this year's Cannes Festival went to dissident Iranian filmmaker Jafar Panahi for his highly political movie "It Was Just an Accident." The red carpets were walked by a host of entertainment world A-listers from Cruise and Rihanna, who accompanied her rapper partner A$AP Rocky, as well as Halle Berry, Scarlett Johansson and Robert De Niro. — AFP

Government-commissioned report says Muslim Brotherhood posing threat to French unity
Government-commissioned report says Muslim Brotherhood posing threat to French unity

The Star

time21-05-2025

  • Politics
  • The Star

Government-commissioned report says Muslim Brotherhood posing threat to French unity

FILE PHOTO: French police stand in front of the Grand Mosque of Paris as security was reinforced around places of worship within France following days of protests over the war in Gaza, October 13, 2023. REUTERS/Sarah Meyssonnier/File Photo PARIS (Reuters) -President Emmanuel Macron convened senior ministers on Wednesday to address a state-commissioned report that accuses the Muslim Brotherhood of waging a covert campaign via local proxies to subvert France's secular values and institutions. The report called for action to halt what it called a slow-burning spread of "political Islam" posing a threat to social cohesion, drawing swift criticism from members of the Muslim community and some academics. Under mounting pressure from a rising far-right opposition, Macron has undertaken a crackdown on what he calls Islamist separatism by seeking to limit foreign influence over Muslim institutions and communities. Now, presidential advisers say Macron wants to tackle what they frame as a long-term Islamist plan to infiltrate state institutions and change them from within. "The reality of this threat, even if it is long-term and does not involve violent action, highlights the risk of damage to the fabric of society and republican institutions," said an excerpt of the report, a copy of which Reuters obtained. The government has said it will not publish the report in full. Macron ordered ministers to draw up measures in response to the report for another government meeting in June. The report said the Islamist campaign was focusing on schools, mosques and local non-governmental organisations, with the aim of influencing rule-making at local and national levels, notably concerning secularism and gender equality. The report describes the Musulmans de France (Muslims of France) association as the "national branch" of the Muslim Brotherhood, a global Islamist organisation that was founded in Egypt in 1928 as part of a movement to end colonial rule. The Brotherhood's stated goal is to establish sharia (Islamic law) through peaceful political means. It is banned in several Arab countries including Egypt. DENIAL OF MUSLIM BROTHERHOOD LINK Musulmans de France denies belonging to the Brotherhood, according to the report. Its leader was not immediately available for comment. Azzedine Gaci, head of the Villeurbanne mosque near Lyon that is cited in the report, denied ties with the Brotherhood and said the report was a "slap in the face" after he has worked in close collaboration with French authorities for years. Ahead of Wednesday's meeting, hardline Interior Minister Bruno Retailleau said the report underlined a clear threat from the Muslim Brotherhood. "Its ultimate goal is to shift all of French society to sharia," he said. France's Muslim population numbers over 6 million, the largest in Europe. The report's conclusions stated that no recent evidence indicated Musulmans de France wished to establish an Islamic state in France or enforce sharia. Haoues Seniguer, a researcher specialising in political Islam, said that while Musulmans de France held a conservative vision of Islam, it had no ambition to transform French society into an Islamic one. "In the public debate and politicians' words, there is a tendency to act as if the distant heirs of the Muslim Brotherhood today had the exact same views as the founder of the Muslim Brotherhood in 1928. (This) makes absolutely no sense." Macron denies stigmatising Muslims and says Islam has a place in French society. However, civic rights and Muslim groups say the government is increasingly impinging on religious freedom, making it harder for Muslims to express their identity. They cite a crackdown on several Muslim schools as an example. "Our teachings have always been respectful of republican values," Makhlouf Mameche, head of the National Federation for Muslim Education, told Reuters. "Our goal is to make sure our pupils succeed." (Reporting by Juliette Jabkhiro; editing by Richard Lough and Mark Heinrich)

The rivals next door, football stadiums almost within reach
The rivals next door, football stadiums almost within reach

Straits Times

time20-05-2025

  • Sport
  • Straits Times

The rivals next door, football stadiums almost within reach

FILE PHOTO: A logo of the soccer club Paris FC is seen at the entrance of the Stade Charlety in Paris, France, October 18, 2024. REUTERS/Sarah Meyssonnier/File Photo Parc des Princes (PSG) - Stade Jean-Bouin (Paris FC) - 20 metres It might be impossible to find a closer top-flight derby than the one set to unfold in Paris next season as Paris St Germain and newly-promoted Paris FC prepare to meet in Ligue 1. With Paris FC moving into the rugby stadium just a stone's throw from PSG's home, a new rivalry in the heart of the French capital is set to take root. One street is all that separates the two stadiums, with French authorities concerned about the logistics and security challenges posed by the derbies and high-profile matches. Tens of thousands of fans flood the area every week, raising fears over crowd control and safety. However, Paris is not the only city facing challenges with stadiums that are so close to each other. Here's a list of other football grounds that are extremely close in proximity. Parken stadium (FK Copenhagen) - Osterbro stadium (B 93) - 70 metres The Danish national arena is also home to the country's powerhouse club FC Copenhagen. The centrally located stadium has hosted European Championship and Champions League matches. Just across a small parking lot lies the 4,000-seater Osterbro Stadium, where First Division club Boldklubben af 1893 — commonly known as B93 — host fixtures, along with several athletics clubs. Malmo Stadium - Eleda Stadion (Malmo FF)- 100 metres Zlatan Ibrahimovic's boyhood club Malmo FF is one of Sweden's football giants, backed by a fiercely loyal fanbase. In 2009 they left behind the historic Malmo Stadium - a ground that once echoed to the roars of fans at the 1958 World Cup and 1992 European Championship. Malmo's new home, the sleek and modern Eleda Stadium, rose just a stone's throw away, with lower-division rivals IFK Malmo having played often at the old Malmo venue. However, the famous old ground's days may be numbered, with a brand-new track & field stadium set to rise in the same location by 2028. Dens Park (Dundee FC) - Tannadice Park (Dundee United FC) - 125 metres Derby matches between the two main clubs in Scotland's fourth-largest city are almost always a logistical nightmare -especially when Dundee and Dundee United clash multiple times a season in the Scottish Premiership. But the real pressure might fall on the residents of the street that separates their two stadiums - Dens Park and Tannadice Park - which each hold over 10,000 fans and sit almost within shouting distance. Estadio Presidente Peron (Racing Club) - Estadio Libertadores de America (Atletico Independiente) - 210 metres In Argentina, local derbies are often fierce, but the clash between Racing Club and Independiente in the Primera Division, known as the Avellaneda derby, stands out. In the Buenos Aires suburb of Avellaneda, the two stadiums, Presidente Peron Stadium and Estadio Libertadores de America, are just over 200 metres apart and together hold nearly 100,000 fans. Nottingham Forest (City Ground) - Notts County (Meadow Lane) 250 metres The City of Nottingham is divided by the River Trent, which also separates two of its main football clubs. Premier League club Nottingham Forest's City Ground sits on the south bank, while fourth-tier neighbours Notts County play at Meadow Lane, just 250 metres away across the river. However, the gap in divisions makes a city derby a rare event. Their last meeting was a friendly in 2023, which Forest won 1-0. In fact, they have only faced each other five times over the past 15 years in friendlies. Pasienky Stadion (Inter Bratislava) - Tehelne Pole (Slovan Bratislava) 360 metres Slovakia's behemoth club Slovan Bratislava moved into the modern Tehelne Pole stadium in 2019, alongside the national team. The new ground sits across the street from Stadion Pasienky, where Slovan had played while the upgrade was underway. Today, it is former top club Inter Bratislava who call the 84-year-old Stadion Pasienky home. League champions in 2000 and 2001, they now compete in the Slovak third tier, within earshot of Slovan's Champions League nights. Partizan Stadium (FK Partizan) - Rajko Mitic Stadium (Red Star Belgrade) 500 metres The Serbian Eternal Derby between capital clubs FK Partizan and Red Star Belgrade has been called one of European football's most bitter rivalries. Tensions are only heightened by the fact that their stadiums are half a kilometre apart, separated only by a few residential blocks and a highway. Henryk Reyman Stadium (Wisla Krakow) - Jozef Pilsudski Stadium (Cracovia) 700 metres The two football teams of the Polish city Krakow have been battling in a derby for over 100 years in what has been dubbed "the Holy War." However, the rivalry between Wisla Krakow and Cracovia did not stop them building stadiums uncomfortably close together, with only a large street and a park separating them. Anfield (Liverpool) - Goodison Park (Everton) 800 metres A defining part of English football is nearing its end as Everton prepare to leave behind their close quarters with Liverpool and move to a new stadium further from Anfield. For generations, the short walk through Stanley Park - linking Goodison and Anfield - has been a cherished ritual for fans on both sides of the Merseyside divide, a symbol of a rivalry lived out within touching distance. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

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