Cannes Film Festival kicks into full swing for 75th anniversary

CANNES, France – The Cannes Film Festival is gearing up for a bumper 75th anniversary edition with a selection of big Hollywood names, buzzy newcomers and previous Palme d’Or winners – a splashy return even as the conflict in Ukraine looms over festivities. “I honestly think this is one of the best Cannes line-ups in years,” said Scott Roxborough, European bureau chief for The Hollywood Reporter. The festival runs from May 17-28, resuming its traditional…

"Cannes Film Festival kicks into full swing for 75th anniversary"

Return of the Moskvich: Russia to revive ‘legendary’ Soviet-era car after Renault exit

(Corrected to say $1 billion not $1 million in the ninth paragraph.) -A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French carmaker’s exit from the country. Moscow’s mayor Sergei Sobyanin said he would nationalise Renault’s car factory in the city, after the Western carmaker said it was selling its local business following the start of the conflict in Ukraine. The…

"Return of the Moskvich: Russia to revive ‘legendary’ Soviet-era car after Renault exit"

EU says no final decision taken on ending Valneva COVID vaccine contract

BRUSSELS – The European Commission said on Monday that no final decision had been made about the possible termination of a contract with Valneva to supply its COVID-19 vaccine to the European Union. Valneva said earlier on Monday it had received a notice of intent from the Commission to terminate the contract. The statement triggered a sell-off of the company’s shares, which lost one-fifth of their value in few hours. EU Commission spokesman Stefan de…

"EU says no final decision taken on ending Valneva COVID vaccine contract"

EU ministers urge Hungary to sign up to planned Russian oil embargo

BRUSSELS -EU foreign ministers sought to publicly pressure Hungary on Monday to lift its veto on a proposed oil embargo on Russia, with Lithuania saying the bloc was being “held hostage by one member state”. The embargo proposed by the European Commission in early May would be the harshest sanction yet after Moscow’s Feb. 24 invasion of Ukraine and includes carve-outs for EU states most dependent on Russian oil. But Hungary, Moscow’s closest ally in…

"EU ministers urge Hungary to sign up to planned Russian oil embargo"

Saudi Arabia on track to hit oil output of over 13 million bpd by 2027 -minister

MANAMA -Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday. Prince Abdulaziz bin Salman told an energy conference in Bahrain that production could be maintained at that level once it was reached should market demand require it. The prince also said all upstream investments would…

"Saudi Arabia on track to hit oil output of over 13 million bpd by 2027 -minister"

Rainstorms in France give some relief to cereals but not enough, FNSEA says

PARIS – Storms and rainshowers in large parts of France overnight provided some relief but not enough for French cereals suffering a prolonged drought, the head of the French agriculture association said on Monday. FNSEA chief Christiane Lambert said on BFM television that rain that fell overnight would not solve wheat growers’ problems as some of it ran off the land rather than penetrate bone-dry soils. “The situation is very complicated because water reserves are…

"Rainstorms in France give some relief to cereals but not enough, FNSEA says"

Burning munitions cascade down on Ukrainian steel plant – video

LONDON – White brightly-burning munitions were shown cascading down on the Azovstal steel works in the Ukrainian port city of Mariupol in a video posted by a pro-Russian separatist commander on Sunday. The Ukrainian military said there was no let-up on Sunday in Russia’s bombardment of the steel works in the southern port, where a few hundred Ukrainian fighters are holding out weeks after the city fell into Russian hands. was not able to immediately…

"Burning munitions cascade down on Ukrainian steel plant – video"

Deutsche Bank not financing controversial African oil pipeline, source says

FRANKFURT – Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the planned $3.5 billion East African Crude Oil Pipeline (EACOP), which would stretch more than 1,400 kilometres from Uganda to Tanzania. Deutsche has so far…

"Deutsche Bank not financing controversial African oil pipeline, source says"

Turkey to hold talks with Sweden, Finland over NATO membership

BERLIN -Foreign ministers from Finland, Sweden and Turkey will hold clear the air talks in Berlin on Saturday to resolve disagreements over Finnish and Swedish plans to join NATO, as the alliance meets against the backdrop of the Ukraine war. The Nordic states are gearing up to apply for membership of the 30-strong transatlantic alliance in response to what they see as a fundamentally altered security situation due to Russia’s invasion of Ukraine. That has…

"Turkey to hold talks with Sweden, Finland over NATO membership"

Sanofi ordered to compensate French family for epilepsy drug side effects

PARIS – A French court has ordered Sanofi to pay more than 400,000 euros ($416,440) in damages to a family whose child suffered from a form of autism caused by its epilepsy drug Valproate, saying the drugmaker failed to inform about known side effects. The link, alongside physical malformation, had also been recognised in a landmark class action ruling in January, which could potentially lead to hundreds of millions of euros in compensation, though Sanofi…

"Sanofi ordered to compensate French family for epilepsy drug side effects"