Latest news with #SudipKar-Gupta
The Star
23-07-2025
- The Star
Suspect linked to Russian language cybercriminal forum arrested in Ukraine, says France
PARIS (Reuters) -A person suspected of being the administrator for the Russian language cybercriminal forum was arrested in Ukraine, with the assistance of the French police and Europol, the French Public Prosecutor's Office said on Wednesday. Active since 2013, this forum was one of the main hubs for global cybercrime. It facilitated the sale of malware, access to compromised systems, stolen data, and ransomware-related services. The forum was paired with an encrypted Jabber messaging server, facilitating anonymous exchanges between cybercriminals, the statement added. (Reporting by Dominique Vidalon;Editing by Sudip Kar-Gupta)
Yahoo
16-06-2025
- Business
- Yahoo
French finance companies launch European defence investment fund
By Sudip Kar-Gupta BRUSSELS (Reuters) -Four major French financial companies launched on Monday a new fund focusing on European security and defence, as investors tap into Europe's race to re-arm itself in light of the Russia-Ukraine war and other global conflicts. The Tikehau Defense and Security fund, with an initial commitment of 150 million euros ($173.4 million), is being launched by Tikehau Capital, Societe Generale Assurances, CNP Assurances and CARAC Group. Tikehau Capital, SocGen, CNP and CARAC said the fund had the support of the French ministry of defence. Last week European foreign ministers said they were ready to take tougher action against Russia, and the European Union has earmarked up to 800 billion euros for defence through to 2030. In March, Belgium's state-owned financial firm Belfius had also said it would invest in defence companies headquartered in NATO countries. "As partner and shareholder of Tikehau Capital since 2011, taking part in the launch of this fund dedicated to defense and security seemed natural to us," said Michel Andignac, the chief executive of CARAC. "It will enable us to step up our own investments in companies supporting the sovereignty and strategic autonomy of France and Europe." ($1=0.8653 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business of Fashion
26-05-2025
- Business
- Business of Fashion
EU Warns Shein of Fines in Consumer Protection Probe
The European Union on Monday urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU's concerns. Shein has grown rapidly by shipping inexpensive products directly to consumers. In February, the European Commission warned Shein and Temu, another Chinese online e-commerce platform, that they would be liable for the sale of unsafe and dangerous products sold on their sites. Representatives for Shein did not immediately respond to a request from Reuters for comment. The Consumer Protection Co-operation (CPC) network of national consumer authorities and the European Commission had now notified Shein of practices which infringed EU consumer law, the Commission said in a statement. 'Shein now has one month to reply to the CPC Network's findings and propose commitments on how they will address the identified consumer law issues. Depending on Shein's reply, the CPC Network may enter a dialogue with the company,' it said. 'If Shein fails to address the concerns raised by the CPC Network, national authorities can take enforcement measures to ensure compliance. This includes the possibility to impose fines based on Shein's annual turnover in the EU Member States concerned,' the statement added. Shein could also be the target of EU regulatory demands under the EU's Digital Services Act. In a further blow to Shein, the EU has proposed a 2 euro handling fee per package for low-value e-commerce shipments. By Foo Yun Chee, Sudip Kar-Gupta; Editors: Philip Blenkinsop, David Evans Learn more: EU Plans €2 Fee for Low-Value Parcels in Setback for Shein and Temu The European Union is considering a handling fee for low-value e-commerce packages, primarily from platforms like Shein and Temu, to address a surge in volume and ensure compliance with EU regulations.
The Star
24-05-2025
- Entertainment
- The Star
Police probe possible arson attack as Cannes and parts of southern France suffer power cut
A hairdresser works on a client's haircut in the street due to not enough light in her hair salon, following a major electricity outage, during the 78th Cannes Film Festival in Cannes, France May 24, 2025. REUTERS/Stephane Mahe CANNES, France (Reuters) - French police were investigating a possible arson attack as being the main cause for a power outage which hit the Alpes-Maritimes region in southern France on Saturday, including Cannes which is hosting its world-famous annual film festival. "We are looking into the likelihood of a fire being started deliberately," said a spokesperson for the French national gendarmerie, adding that no arrests had been made at this stage. The local authority for the Alpes-Maritimes region had said earlier on Saturday that the western part of the area, which includes Cannes, was suffering from a major electricity outage and that RTE France was working on restoring power. The Cannes Film Festival said the closing ceremony would take place as planned on Saturday evening. "The Palais des Festivals has switched to an independent power supply, allowing all scheduled events and screenings, including the Closing Ceremony, to proceed as planned and under normal conditions," it said in a statement. (Reporting by Sudip Kar-Gupta, Michaela Cabrera and Miranda Murray; Editing by Tomasz Janowski and David Evans)
Yahoo
23-05-2025
- Business
- Yahoo
EU's Costa to travel to Brazil to strengthen investment ties
By Sudip Kar-Gupta BRUSSELS (Reuters) - Antonio Costa, head of the European Council that represents the 27 EU countries, will travel to Brazil from May 27-May 29 to strengthen partnerships and investment ties between the European Union and Brazil. The European Council said on Friday that Costa would meet Brazilian President Luiz Inacio Lula da Silva during his trip and make a speech at an EU-Brazil investment forum. The EU is Brazil's second-largest trading partner and Brazil's largest foreign investor, with more than 300 billion euros ($340.7 billion) worth of direct investment stocks. "Brazil is not just a close friend, it is a strategic partner for the EU – a global player and a key ally in promoting democracy, multilateralism and shaping a more just and sustainable world," Costa said in a statement. "In times when these values are challenged globally, it is even more crucial that countries like Brazil and the European Union stand together to uphold them," he added. Costa's trip to Brazil also comes as the EU aims to ratify a long-delayed trade deal between the South American bloc Mercosur and the EU, which mainly covers farming matters. ($1 = 0.8807 euros)
