Carrefour Boss Says E-Commerce Strategy Starting to Bear Fruit
PARIS, June 15 (Reuters) – on Friday, Carrefour boss Alexandre Bompard informed the stockholders that new coalitions with tech giants Google and China’s Tencent are making a blow or tremendous influence on French retailer’s e-commerce.
Later in July 2017, Bompard became the CEO and considers the expansion of digital commerce expansion as an “absolute” primacy to compete with his online rivals and Amazon
Bompard disclosed to the company’s annual stockholders meeting that they were cut off for the last six months, therefore, all the coalitions were not taking them in. yet, and they are now in the capacity to competition because they have deals with Tencent and Google.
He further said that he is very proud of Google partnership due to which the company has regained its glamour and is purposefully disgusting, and Carrefour is now at the epic.
The biggest store or dealer of Europe has proclaimed in January to lessen the costs and employees, advance e-commerce investment and seek partnership in China to improve the revenue and increase the profit which will ultimately blow the local competitors in the game of developing digital shopping products.
On Monday, Carrefour revealed their plans that they want to work together with Google to enhance its e-commerce on home.
By 2022, Google will invest 2.8 billion euros in Bompard’s Plans of digital commerce which will increase the previous rates of investments. Before this deal, Carrefour has been a slacker in e-commerce.
U.S. online hulk makes further progress in food retail in France due to the deal between and Amazon and the upmarket French Chain Monoprix which was finalized in March.
Last month, Carrefour has launched its first high-tech digital initiative store in Shangai in collaboration with Tencent.
Not only this, Carrefour is also the biggest purchaser in its own competitive market and has made a deal of five years with peer Systeme-U.
When the sales growth decreased in the first quarter (April) when the French market was badly disturbed, Carrefour became very precautious regarding its yearly sales. (Reporting by Dominique Vidalon; Editing by Richard Lough)
U.S. Gulf Coast Bracing for Hurricane Gordon as Storm Nears
(Reuters) – on Monday, great rain and winds lashed the southern tip of Florida and a hurricane was expected along the central U.S Gulf coast on Tuesday as said by National Hurricane Center (NHC)
This hurricane would come to the border between Louisiana and Mississippi late on Tuesday and the downpour would be as much as 8 inches (20 cm) in parts of U.S. while we know South is still staggering from the last years hurricane.
Louisiana Governor John Bel Edwards said that 200 Louisiana National Guardsmen have been installed, 63 high-water trucks, 39 boats, and 4 helicopters were also included. Hence, declaring a state of emergency.
Storm Gordon goes downhill and tress waver on Fort Lauderdale, Florida, U.S., September 3, 2018 in this still image taken from a video obtained from social media. @Saralina77/via REUTERS
The Mississippi Emergency Management Agency warned the residents of South Mississippi to be mentally prepared for the evacuation as they were warned of storm surges of between 3 and 5 feet (1 and 1.5 meters).
Further, the National Hurricane Center said that Gordon was spawning winds of 50 miles per hour (80 km per hour) on Monday as it gushed west-northwest at 16 mph (27 kph).
Florida’s southern tip had faced the hurricane on Monday afternoon, however, there were no reports of deaths and destruction, said by Alberto Moscoso, a spokesman for the Florida Division of Emergency Management.
Texas, Florida and Puerto Rico were smacked by massive storms the previous year where thousands of people died, damage of billion dollars’ worth occurred and acute power cutoff.
Slideshow (3 Images)
The Miami-based hurricane center said that the Gulf Coast could face a flood of up to 1.2 meters gushed at the entrance of Mississippian River, around the area of New Orleans.
In order to secure the refining and production facilities at Gulf Coast, U.S. oil producer Anadarko Petroleum Corp displaced workers and shut production at two offshore oil platforms, and other companies with production and refining operations.
Gale force winds from Gordon are expected to arrive; therefore, the U.S. Coast Guard directed to shut ports of New Orleans as well as Gulfport and Pascagoula, Mississippi, within 48 hours.
Reporting by Rich McKay in Atlanta, Alex Dobuzinskis in Los Angeles and Jonathan Allen in New York; Editing by Toni Reinhold and Sandra Maler
Trump Accuses Sessions of Hurting U.S. Republican Congressional Races
WASHINGTON (Reuters) – on Monday, U.S. President Donald Trump hurled on a new thing and strike on Attorney General Jeff Sessions for threatening the chances of re-election for two Republican congressmen by passing criminal charges against them just before the midterm elections.
U.S. Attorney General Jeff Sessions listens as President Donald Trump holds a cabinet meeting at the White House in Washington, U.S., August 16, 2018. REUTERS/Kevin Lamarque
Trump tweeted that the Justice Department’s verdict to report charges will hurt safe Republican seats in the U.S. House of Representatives.
According to Election, analysts believe that there is a 50 percent chance of the Democratic Party to take control of the House, in which all 435 seats are up for grabs in the Nov. 6 elections in which Republicans already hold the 236-193 advantage and there are six vacant seats.
“Two long-running, Obama era, investigations of two very popular Republican Congressmen were brought to a well-publicized charge, just ahead of the Mid-Terms, by the Jeff Sessions Justice Department,” the Republican president wrote. “Two easy wins now in doubt because there is not enough time. Good job Jeff….”
Sarah Isgur Flores, Justice Department spokeswoman declined to comment on Trump’s tweets.
On Aug. 8, Congressman Christopher Collins, a Republican was charged in an insider trading scheme where Australian biotechnology is involved. He has refuted the offense and will not ask for re-elections.
Trump accused that both investigations initiated in the President Barack Obama era who is a democratic. Despite this Collins was indicted over trades in June 2017 – nearly six months after Trump took office.
On Aug. 23, Republican Representative Duncan Hunter and his wife were indicted on charges of misusing the campaign funds. Federal officials said that they used thousands of dollars which was allocated for campaign for their vacation and personal expenditure and submitted fake finance reports.
Hunter, the second congressman to back Trump for the White House, also refuted the charges against him and a recent poll put him in the lead for the election. Remember, this investigation was also initiated in Obama era.
Many people criticized on this unconventional matter including former Justice Department officials and some Republican senators, including Ben Sasse.
Sasse said, “The United States is not some banana republic with a two-tiered system of justice – one for the majority party and one for the minority party. These two men have been charged with crimes because of evidence, not because of who the president was when the investigations began,”.
Senator Jeff Flake, a Republican, tweeted “not the conduct of a President committed to defending and upholding the constitution, but rather a President looking to use the Department of Justice to settle political scores.”
Former Manhattan U.S. Attorney Preet Bharara commented on Trump’s tweet “next level crazy, inappropriate, unethical, stupid, and incriminating.”
U.S. Senator Brian Schatz, a Democrat, put a question mark on Trump’s tweet if they were legal.
Schatz tweeted, “He’s not hiding how he views the law, law enforcement, of justice. In his world, they swore an oath to him, not (the) constitution and laws,”
The president has constantly argued Sessions for recusing himself from an investigation into Russian interference in the 2016 U.S. presidential election campaign. After the recusal, Deputy Attorney General Rod Rosenstein selected Special Counsel Robert Mueller to lead the inquiry, which Trump calls a “witch hunt.”
Last week, Trump told Bloomberg the attorney general was safe in his job until November but declined to say if he would keep Sessions in the role beyond then.
Till November, the attorney general can enjoy the bounties of his job, yet he did not answer whether the attorney general would play his role beyond then, said Trump.
Trump hits back at union leader on Labor Day
Trump has constantly refuted that there was conspiracy between his campaign and Moscow. While, U.S. intelligence agencies claim that Russia helped Trump to win the elections of 2016, yet the Kremlin refutes interference.
Reporting by Michelle Price; editing by Jonathan Oatis and Sandra Maler
Our Standards:The Thomson Reuters Trust Principles.
SEPTEMBER 4, 2018 / 5:42 AM / UPDATED 2 HOURS AGO
Asian Shares Fall Under Pressure from Trade, Emerging Markets Worries
SHANGHAI (Reuters) – Economic turmoil has occurred in emerging markets underlined by the world trade conflicts and emergency severity in Argentina which has consequently in fall of Asian shares of early trade on Monday. MSCI’s widest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.2 percent after European shares ended mostly lifeless, athough a weak British pound was of some help in lifting London’s blue-chip FTSE .FTSE almost 1 percent.
Despite heavy rain and wind, onlookers with the help of umbrella stood in front of an electronic stock quotation board as Typhoon Shanshan looms Japan’s mainland in Tokyo, Japan August 8, 2018. REUTERS/Toru Hanai
Japan’s Nikkei .N225 slid 0.3 percent and Australian shares were 0.2 percent lower.
U.S. markets were shut down on Monday for Labor Day.
Due to growing turmoil in Argentina forced global markets to concentrate on emerging markets. Now, Argentine President Mauricio Macri proclaimed new taxes on exports and abrupt reductions to government spending as an “emergency” action to balance next year’s budget.
The Argentine peso ARS=RASL closed 3.14 percent weaker on Monday and is expected to face further pressure in coming days.
On Monday, to fight “significant risks” to price stability turkey’s central bank signaled to take steps, views seen as signaling at interest rate hikes.
The lira TRYTOM=D3, which has lost 40 percent of its worth versus the U.S. dollar this year, was 0.3 percent weaker at 6.6400 to the dollar.
As the position of global trade fades, global insecurities and manufacturing surveys put tension across many factories of Europe and Asia, reported on Monday.
This situation was aggravated by U.S. President Donald Trump’s new push to trade uncertainties. On the weekend, he proclaimed to take out Canada from North American Free Trade Agreement and warned congress to not interfere in trade affairs.
It is also reported that Trump is ready to enforce an additional $200 billion worth of rates in imports from China as soon as a public comment period on the plan ends on Thursday.
“President Trump’s bitter arguments against Canada, when they have debates of NAFTA, have raised many questions and countries like China will remain contentious. ANZ analyst commented on Tuesday, “This wasn’t helped by data showing some weakness in China’s export-focused manufacturing sector.
The profit on target 10-year Treasury notes US10YT=RR rose to 2.8585 percent versus its U.S. close of 2.853 percent on Friday.
The two-year yield US2YT=RR, which enhances with traders’ prospects of higher Fed fund rates, touched 2.633 percent competed with a U.S. close of 2.629 percent last week. The dollar dropped 0.13 percent versus the yen to 110.93 JPY=, while the euro EUR= was down 0.1 percent on the day at $1.1611.
The dollar index .DXY, which trails the greenback against six major rivals, was monotonous at 95.144.
U.S. crude CLc1 marked up 0.33 percent at $70.03 a barrel. Brent crude LCOc1 fell to $78.06 per barrel.
Gold was a little higher, with spot gold XAU= merchandised at $1201.19 per ounce. [GOL/]
(This version of the story was refiled to update the headline)
Reporting by Andrew Galbraith; Additional reporting by Dhara Ranasinghe in London; Editing by Eric Meijer
Our Standards:The Thomson Reuters Trust Principles.
SEPTEMBER 3, 2018 / 9:13 AM / UPDATED 2 HOURS AGO
Myanmar Court Jails Reuters Reporters for Seven Years in Landmark Secrets Case
Shoon Naing, Aye Min Thant
YANGON (Reuters) – An example of progress in democracy is observed in the Southeast Asian country on Monday when a Myanmar judge Jailed two Reuters journalist for seven year on allegation of violation of state secrets.
According toYangon northern district judge Ye Lwin, Wa Lone, 32, and Kyaw Soe Oo, 28, broke the colonial-era Official Secrets Act when they received secret documents.
The judge remarked, “The defendants … have breached Official Secrets Act section 3.1.c, and are sentenced to seven years,” In addition, he said that the time they were imprisoned will be taken into consideration. The defense can challenge the decision to a regional court and then the Supreme Court.
The decision comes during rising load on the government of Nobel laureate Aung San Suu Kyi over a security attack ignited by a crackdown by Rohingya Muslim rioter on security forces in Rakhine State in west Myanmar in August 2017.
U.N. agencies reported that more than 700,000 stateless Rohingya Muslims have escaped into Bangladesh since then.
The two reporters, who were inspecting the carnage by the security forces of Rohingya villagers at the time of their arrest, had petitioned not guilty.
UK’s Hunt to Visit Myanmar, Raise Case of Jailed Reuters Journalists
The United Nations, the European Union and countries including the United States, Canada and Australia who are supporters of free media had asked for the journalists’ release.
“Today is a sad day for Myanmar, Reuters journalists Wa Lone and Kyaw Soe Oo, and the press everywhere,” said by Reuters editor in chief Stephen J Adler.
“We will not wait while Wa Lone and Kyaw Soe Oo suffer this injustice and will evaluate how to proceed in the coming days, including whether to seek relief in an international forum.”
On Monday, another comment popped up in this regard by United Nations Secretary-General António Guterres spokesman Stephane Dujarric who said that Guterres has asked the Myanmar authorities to reconsider the decision.
Further, he said “It is unacceptable that these journalists were prosecuted for reporting on major human rights violations against the Rohingya in Rakhine State,” adding that Guterres would extend his constant support to the journalist and “full respect of freedom of the press and all human rights in Myanmar.”
U.S. ambassador to the United Nations Nikki Haley shouted for the instant, absolute release of the reporters. Haley further added, “It is clear to all that the Burmese military has committed vast atrocities,”
“In a free country, it is the duty of a responsible press to keep people informed and hold leaders accountable. The conviction of two journalists for doing their job is another terrible stain on the Burmese government.”
The reporters had disclosed in front of the court that two police officials gave them papers at a restaurant in the city of Yangon few minutes before other officers arrested them.
One police witness sworn the restaurant meeting was a trap to resist or punish them for their reporting of a mass killing of Rohingya Muslims in Rakhine.
On Monday, more than 80 people, including senior diplomats, were present in the court.
After giving one hour read to the witness’ proof summary, Judge Ye Lwin put forward his decision which had been put off by a week due to his sickness.
The court dogged that “confidential documents” were “not public information” found on the two would have been useful “to enemies of the state and terrorist organizations.
Reuters journalist Kyaw Soe Oo leaves Insein court after his verdict announcement in Yangon, Myanmar, September 3, 2018. REUTERS/Ann Wang
Kyaw Soe Oo’s wife, Chit Su Win;s eyes were flooded when she left the court after the decision and her kiths and kins supported her.
Wa Lone, in shackles and verged by police, told a bunch of friends and reporters not to stress on the decision.
In one of the statements he said “We know we did nothing wrong. I have no fear. I believe in justice, democracy and freedom,”
Kyaw Soe Oo told the reporters that they hadwould struggle for press freedom as they had done no crime.
He added, “What I want to say to the government is: you can put us in jail, but do not close the eyes and ears of the people,”
When they were taken back to prison, their supporters shouted on police “let them speak”.
Wa Lone and Kyaw Soe Oo both haven’t met their families outside the prison for nearly nine months. They both have young daughters: Kyaw Soe Oo’s daughter is three-year-old and Wa Lone’s wife, Pan Ei Mon, gave birth to their first child last month.
Government spokesman Zaw Htay didn’t commented on this case saying that courts are independent and the case will be carried out with respect to the law.
U.S. ambassador Scot Marciel has fear that this decision is “deeply troubling” and could destabilize the faith of Myanmar people they had in the justice system.
“Unbelievable! More and more, responsible journalism is found to be a crime in Myanmar!” Yanghee Lee, U.N. special rapporteur on human rights in Myanmar tweeted.
The U.N. High Commissioner for Human Rights, Michelle Bachelet, spoken of the verdict that it “sends a message to all journalists in Myanmar that they cannot operate fearlessly, but must rather make a choice to either self-censor or risk prosecution.”
On behalf of EU members, British ambassador Dan Chugg, said the decision had “dealt a hammer blow for the rule of law”.
Slideshow (28 Images)
France censured the prison sentences and said that it is a grave intrusion of press freedom and rule of law.
Ed Royce, Republican chairman of the U.S. House of Representatives Foreign Affairs Committee supported for more U.S restriction and some of measures are already taken on targeted military and police commanders.
In addition, “This unjust verdict reaffirms that the Burmese government is complicit in the military’s atrocities,” and “The U.S. should respond with more sanctions and a formal determination of genocide. We must act before it is too late.” he said.
Iqbal Sobhan Chowdhury is the media adviser to Bangladeshi prime minister said that it was “an open secret” that anyone revealing “atrocities of the Myanmar army” would be victimized.
Marianne Hagen, deputy foreign minister of Norway, whose state-controlled firm Telenor is the second largest mobile phone operator in Myanmar, insisted the authorities to “protect freedom of the press, respect basic human rights and secure journalists’ rights in the court system”.
Reuters called the Myanmar military spokesman, however, an assistant said the spokesman was busy. Hence, we couldn’t get his views.
10 Rohingya men and boys were killed along with other maltreatments which include soldiers and police in Inn Din, a village in Rakhine State was investigated. After investigation the two reporters were arrested on 12 December.
Myanmar said that its security forces has led an authentic and genuine operation against Muslims, thus refuted the accusations of brutality projected by refuges against security forces.
Yet, the military confessed the killing of the 10 Rohingya at Inn Din after arresting the Reuters reporters.
Last week, a U.N mandated fact-finding mission said that Myanmar’s military with “genocidal intent” killed many Muslims and gang rapes also took place; therefore. The top generals of military should be sued. On the other hand Myanmar discarded the findings.
The United States, the European Union and Canada have restricted Myanmar military on account of the crackdown. Meanwhile, The International Criminal Court is pondering whether it has control over events in Rakhine,
Additional reporting by Simon Lewis, Antoni Slodkowski, Thu Thu Aung in YANGON, Ruma Paul in DHAKA, David Shepardson in Washington; Writing by Robert Birsel; Editing by Clarence Fernandez, Philip McClellan, Kevin Liffey, Toni Reinhold