Gold hits high, stocks retreat as investors seek safety

Stock markets fell and gold hit a record high Tuesday as investors fled to safe havens over concerns about US President Donald Trump’s Federal Reserve fight, tariffs uncertainty and Europe’s public finances.Wall Street’s main indices spent the entire session in the red after investors returned from the Labor Day holiday, while European stock markets lost significant ground at the close.The borrowing costs of the United States, France and Britain rose as the yield on their sovereign bonds jumped.Frankfurt’s DAX index shed 2.3 percent while London lost 0.9 percent.”September can be a strange month for financial markets, as stocks historically tend to underperform,” noted Kathleen Brooks, research director at XTB traders. “However, a selloff in the bond market and a rush to the dollar and gold are signs that investors are rushing into safe havens and liquid assets,” she added.Chris Beauchamp, chief market analyst at investing and trading platform IG, said “markets often see a burst of volatility after US holidays, but today seemed to have something more about it, as European markets nosedived in early trading and bond yields continued to rise.” Near 2030 GMT, gold stood at $3,536.56 an ounce Tuesday, easily topping its previous record of $3,500.10 in April.Wall Street analysts pointed to the drag from a US court ruling Friday blocking many of Trump’s tariffs. The US president has vowed to appeal.”We’re thrown back in that place of uncertainty” regarding trade, said Art Hogan of B. Riley Wealth Management.The court decision, and Trump’s appeal, “prolongs the end or the exit from this trade war,” said Hogan, dashing hopes the trade war was nearing an end.Investors were also watching developments in Trump’s bid to oust Fed Governor Lisa Cook, with a court hearing her challenge on Tuesday.The case has major implications for the US central bank and its independence.”Investors are increasingly concerned about President Trump’s interference with the running of the US Federal Reserve,” said David Morrison, senior market analyst at financial service firm Trade Nation.”This combination of tariff uncertainty, Fed concerns, and seasonal weakness left markets on edge as the month began,” Morrison said.The yield on 30-year Treasury bonds rose to almost five percent.The dollar, however, rallied against the euro and British pound as French and UK government borrowing costs hit multi-year highs.France’s long-term borrowing cost jumped to its highest level since the eurozone debt crisis in 2011 as investors fret over a confidence vote next week that could topple the minority government.The yield on 30-year government bonds topped 4.5 percent ahead of Monday’s vote, which was called by Prime Minister Francois Bayrou to settle a budget fight but which he is tipped to lose.The yield on 30-year UK government bonds hit the highest level since 1998 owing to worries over Britain’s struggling economy.On the corporate front, shares in Nestle retreated around 0.7 percent after the Swiss food giant sacked chief executive Laurent Freixe, citing a romantic relationship with a direct subordinate.- Key figures at around 2030 GMT -New York – Dow: DOWN 0.6 percent at 45,295.81 (close)New York – S&P 500: DOWN 0.7 percent at 6,415.54 (close) New York – Nasdaq: DOWN 0.8 percent at 21,279.63 (close)London – FTSE 100: DOWN 0.9 percent at 9,116.69 (close)Paris – CAC 40: DOWN 0.7 percent at 7,654.25 (close)Frankfurt – DAX: DOWN 2.3 percent at 23,494.74 (close)Tokyo – Nikkei 225: UP 0.3 percent at 42,310.49 (close)Hong Kong – Hang Seng Index: DOWN 0.5 percent at 25,496.55 (close)Shanghai – Composite: DOWN 0.5 percent at 3,858.13 (close)Euro/dollar: DOWN at $1.1640 from $1.1711 on MondayPound/dollar: DOWN at 1.3394 at from $1.3545Dollar/yen: UP at 148.37 from 147.18 yen Euro/pound: UP at 86.92 pence from 86.45 penceBrent North Sea Crude: UP 1.5 percent at $69.14 per barrelWest Texas Intermediate: UP 2.5 percent at $65.59 per barrelburs-jmb/dw

‘We’re going in,’ Trump says of sending troops to Chicago

US President Donald Trump said Tuesday that he will deploy National Guard troops to Chicago, calling the Democratic-run midwestern city a “hellhole” ravaged by gun crime.”We’re going in,” the Republican president told reporters, while hinting that he would also send soldiers to Baltimore, another Democratic-run city.Trump denied charges he is strictly targeting cities run by his political opponents for his anti-crime campaign and his crackdown on undocumented migrants.”I have an obligation,” he said, citing Chicago crime statistics. “This isn’t a political thing. I have an obligation when 20 people are killed over the last two and a half weeks and 75 are shot with bullets.”Trump, who already sent National Guard troops into the streets of Democratic-run Washington last month, declined to say exactly when he would send soldiers to Chicago, where the Democratic state governor and mayor strongly oppose the plan.”Chicago is a hellhole right now. Baltimore is a hellhole right now,” Trump said.Posting earlier on his Truth Social platform, the Republican president said he “will solve the crime problem (in Chicago) fast, just like I did in (Washington).””Chicago is the worst and most dangerous city in the World, by far,” he said, adding that JB Pritzker, the Democratic governor of the state of Illinois where Chicago is located, “needs help badly, he just doesn’t know it yet.”Trump followed up with a provocative, all-caps post: “CHICAGO IS THE MURDER CAPITAL OF THE WORLD!”Pritzker has clashed with Trump over the deployment, accusing the president of preparing “an invasion.””Chicago does not want troops on our streets,” the Democratic governor said at a press conference on Tuesday.”Crime is down in Chicago. Murders are down by almost 50 percent in the last four years,” he said.”None of this is about fighting crime or making Chicago safer,” Pritzker added. “For Trump, it’s about testing his power and producing a political drama to cover up for his corruption.”- President as police chief? -Trump ordered the deployment of the National Guard into Washington in August, and repeated his claims on Tuesday that it has improved city safety.”It’s now a safe zone,” he said. “We have no crime.”Thousands of National Guard troops and US Marines were deployed to Los Angeles in June to assist police as they cracked down on protests and unrest in the California city over Trump’s sweeps for undocumented migrants.On Tuesday, a federal judge declared that Trump effectively violated the law when he used troops in Democratic-run Los Angeles, and barred National Guard reservists or Marines from performing police functions including arrests or searches and seizures.District Judge Charles Breyer in San Francisco warned in his ruling that Trump appears intent on “creating a national police force with the President as its chief.”Breyer’s injunction, however, would only come into force on September 12, potentially leaving an opening for the conservative-majority Supreme Court to rule on the case.rotesters marched through parts of Chicago on Monday in a “Workers over Billionaires” rally that also saw people vocalize their opposition to Trump sending troops into the city.

En voulant acquérir UGC, Canal+ ambitionne de peser encore plus dans le cinéma

Canal+ a affiché mardi son ambition de peser encore davantage dans le paysage du 7e art, en annonçant des “négociations exclusives” avec le réseau majeur de salles de cinéma UGC, dont il espère une prise de contrôle “en 2028”.Le groupe, contrôlé par le milliardaire conservateur Vincent Bolloré, a annoncé avoir lancé des “négociations exclusives” avec UGC pour une entrée minoritaire dans son capital. Le groupe envisage ensuite “une prise de contrôle éventuelle” de l’exploitant de cinémas en 2028.”Dans un premier temps, le groupe Canal+ ferait l’acquisition d’une participation minoritaire (34%) au capital d’UGC. Dans un deuxième temps, les accords avec les actionnaires d’UGC permettraient au groupe Canal+ de prendre le contrôle d’UGC à partir de 2028″, détaille un communiqué.Cette annonce majeure dans le paysage du cinéma intervient moins de quatre mois après l’entrée de la famille du milliardaire Rodolphe Saadé (CMA-CGM) au capital de Pathé, visant une accélération à l’international de la production de films et de séries. Dans un premier temps, un rapprochement avec UGC, rival de Pathé, avait été évoqué. La famille Saadé possède désormais 20% du capital de Pathé via sa holding Merit France. C’est la première fois que Pathé ouvre son capital, jusqu’alors détenu par la famille Seydoux.Pathé, créé en 1896, compte 130 cinémas pour un total de 1.316 écrans, est un exploitant majeur de salles en Europe et en Afrique. – Comédies et séries populaires -UGC, important groupe français historique du cinéma et de la production audiovisuelle, est également l’un des plus gros exploitants avec une cinquantaine de cinémas : 48 en France et 7 en Belgique.L’entreprise est dirigée depuis 2021 par Brigitte Maccioni, première femme à la tête d’UGC, où elle travaille depuis plus de trente ans.”UGC a construit une chaîne de cinémas remarquable et un catalogue emblématique de contenus”, a fait valoir dans le communiqué Maxime Saada, président du directoire de Canal+.Le catalogue d’UGC comprend notamment des comédies populaires et des franchises à succès telles que “Qu’est-ce qu’on a fait au bon Dieu ?” et “Le fabuleux destin d’Amélie Poulain”, ainsi que des séries télévisées telles que HPI et Soleil Noir.”La croissance de Studiocanal, dirigé par Anna Marsh, est un enjeu majeur pour le groupe Canal+ et sa combinaison avec UGC, un partenaire stratégique de longue date, nous permettrait d’accélérer ce développement”, ajoute Maxime Saada.Sur X, la ministre de la Culture, Rachida Dati, a estimé que “l’annonce des discussions entre Canal+ et UGC Cinémas montre la volonté d’ancrage de Canal+ dans le cinéma pour poursuivre son soutien à la création et sa diversité”. “C’est aussi une marque de confiance dans l’avenir des salles de cinéma auxquelles les Français sont attachés”, a-t-elle ajouté.Selon le groupe Canal+, la signature des accords relatifs à l’entrée au capital d’UGC devra encore être soumise “à l’information et à la consultation des instances représentatives du personnel concernées”.Depuis sa création en 1984, Canal+ est devenu un des acteurs mondiaux des médias et du divertissement avec près de 27 millions d’abonnés répartis dans 52 pays.Son studio de production et de distribution, StudioCanal, est le premier studio de cinéma et de télévision européen, avec 200 films et 80 séries par an, dont plusieurs franchises, telles que “Paddington” et “Bridget Jones”.En 2021, les deux entreprises françaises s’étaient alliées pour lancer une offre “illimitée” commune à destination de jeunes, couplant abonnement aux chaînes de Canal+ et la carte UGC Illimité.

En voulant acquérir UGC, Canal+ ambitionne de peser encore plus dans le cinéma

Canal+ a affiché mardi son ambition de peser encore davantage dans le paysage du 7e art, en annonçant des “négociations exclusives” avec le réseau majeur de salles de cinéma UGC, dont il espère une prise de contrôle “en 2028”.Le groupe, contrôlé par le milliardaire conservateur Vincent Bolloré, a annoncé avoir lancé des “négociations exclusives” avec UGC pour une entrée minoritaire dans son capital. Le groupe envisage ensuite “une prise de contrôle éventuelle” de l’exploitant de cinémas en 2028.”Dans un premier temps, le groupe Canal+ ferait l’acquisition d’une participation minoritaire (34%) au capital d’UGC. Dans un deuxième temps, les accords avec les actionnaires d’UGC permettraient au groupe Canal+ de prendre le contrôle d’UGC à partir de 2028″, détaille un communiqué.Cette annonce majeure dans le paysage du cinéma intervient moins de quatre mois après l’entrée de la famille du milliardaire Rodolphe Saadé (CMA-CGM) au capital de Pathé, visant une accélération à l’international de la production de films et de séries. Dans un premier temps, un rapprochement avec UGC, rival de Pathé, avait été évoqué. La famille Saadé possède désormais 20% du capital de Pathé via sa holding Merit France. C’est la première fois que Pathé ouvre son capital, jusqu’alors détenu par la famille Seydoux.Pathé, créé en 1896, compte 130 cinémas pour un total de 1.316 écrans, est un exploitant majeur de salles en Europe et en Afrique. – Comédies et séries populaires -UGC, important groupe français historique du cinéma et de la production audiovisuelle, est également l’un des plus gros exploitants avec une cinquantaine de cinémas : 48 en France et 7 en Belgique.L’entreprise est dirigée depuis 2021 par Brigitte Maccioni, première femme à la tête d’UGC, où elle travaille depuis plus de trente ans.”UGC a construit une chaîne de cinémas remarquable et un catalogue emblématique de contenus”, a fait valoir dans le communiqué Maxime Saada, président du directoire de Canal+.Le catalogue d’UGC comprend notamment des comédies populaires et des franchises à succès telles que “Qu’est-ce qu’on a fait au bon Dieu ?” et “Le fabuleux destin d’Amélie Poulain”, ainsi que des séries télévisées telles que HPI et Soleil Noir.”La croissance de Studiocanal, dirigé par Anna Marsh, est un enjeu majeur pour le groupe Canal+ et sa combinaison avec UGC, un partenaire stratégique de longue date, nous permettrait d’accélérer ce développement”, ajoute Maxime Saada.Sur X, la ministre de la Culture, Rachida Dati, a estimé que “l’annonce des discussions entre Canal+ et UGC Cinémas montre la volonté d’ancrage de Canal+ dans le cinéma pour poursuivre son soutien à la création et sa diversité”. “C’est aussi une marque de confiance dans l’avenir des salles de cinéma auxquelles les Français sont attachés”, a-t-elle ajouté.Selon le groupe Canal+, la signature des accords relatifs à l’entrée au capital d’UGC devra encore être soumise “à l’information et à la consultation des instances représentatives du personnel concernées”.Depuis sa création en 1984, Canal+ est devenu un des acteurs mondiaux des médias et du divertissement avec près de 27 millions d’abonnés répartis dans 52 pays.Son studio de production et de distribution, StudioCanal, est le premier studio de cinéma et de télévision européen, avec 200 films et 80 séries par an, dont plusieurs franchises, telles que “Paddington” et “Bridget Jones”.En 2021, les deux entreprises françaises s’étaient alliées pour lancer une offre “illimitée” commune à destination de jeunes, couplant abonnement aux chaînes de Canal+ et la carte UGC Illimité.

‘Mockery of science’: US experts blast Trump climate report

US experts on Tuesday denounced a Trump administration climate report for reviving the tobacco-industry’s tactics to sow doubt around scientific consensus.In a 440-page rebuttal, 85 scientists accused the government of relying on a handful of contrarians who drew on discredited studies, misrepresented evidence, and bypassed peer review to reach pre-determined conclusions.The administration’s 150-page report, released on the Department of Energy’s website in late July, was intended to support its proposal to overturn the 2009 “Endangerment Finding” — the legal basis for numerous federal regulations of greenhouse gases.”This report makes a mockery of science,” said Andrew Dessler, a climate scientist at Texas A&M University and a co-author of the rebuttal.”It relies on ideas that were rejected long ago, supported by misrepresentations of the body of scientific knowledge, omissions of important facts, arm waving, anecdotes, and confirmation bias.”Entitled “A Critical Review of Impacts of Greenhouse Gas Emissions on the US Climate,” the DOE document made a series of startling and at times contradictory claims. These include that extreme weather events linked to emissions are not increasing, US temperatures are not rising, higher atmospheric carbon dioxide would boost agriculture, and solar activity could explain warming trends.- ‘Zombie arguments’ -The rebuttal marshals experts from multiple disciplines to challenge each assertion.”Just as the tobacco industry funded scientists to question the harms of smoking, the fossil fuel industry engaged in a coordinated campaign throughout the 1990’s to fund scientists willing to argue that it was the Sun, and not humans, causing the climate change observed up to that point,” said Ted Amur, a climate scientist at Aon Impact Forecasting, adding he was alarmed to see “zombie arguments” brought back.The DOE report claimed that the “Dust Bowl” years of 1930–1936 — among the nation’s hottest summers — disproved the reality of human-caused warming. But the counter report said this was deeply misleading, since poor land management at the time had turned the Great Plains into a desert-like wasteland that amplified the heat.On agriculture, the rebuttal notes that while elevated carbon dioxide can sometimes spur yields in isolation, rising heat and shifting rainfall patterns are expected to cause overall declines.The DOE report also downplays the threat of ocean acidification, claiming “life in the oceans evolved when the oceans were mildly acidic” billions of years ago. But the rebuttal counters this is “irrelevant” since complex life was not present during Earth’s early history.Ecologist Pamela McElwee of Rutgers University faulted the report for largely ignoring impacts on biodiversity despite the outsized social and economic consequences. “US coral reefs alone provide an estimated $1.8 billion in coastal protection from storms and floods annually,” she said.Since returning to office in January, President Donald Trump has gone far beyond the pro-fossil fuel agenda of his first term. Republicans recently passed the “Big Beautiful Bill,” gutting clean energy tax credits and opening sensitive areas to drilling.He has also withdrawn the United States from the Paris Agreement and is pressing his fossil fuel agenda abroad –requiring the EU to buy more US liquefied natural gas in a trade deal and pressuring the World Bank to scale back its climate focus, among other actions.

At least 25 killed in Pakistan attacks, including 14 at political rally

At least 25 people were killed in three attacks in Pakistan on Tuesday, officials said, including 14 who died after a suicide bomber targeted a political rally in the southwestern province of Balochistan.  Dozens of people were wounded in that explosion, which took place in the parking lot of a stadium in the provincial capital, Quetta, where hundreds of members of the Balochistan National Party (BNP) had gathered, two provincial officials said, speaking on condition of anonymity.At least seven of the wounded were in critical condition, the officials said.Another attack in Balochistan, near the border with Iran, claimed five lives on Tuesday, while six soldiers were killed after a suicide attack on their base in Khyber Pakhtunkhwa province. Balochistan is Pakistan’s largest and most resource-rich province, but also its poorest, and regularly ranks among the lowest on human development indicator scorecards. The BNP campaigns on a platform calling for greater rights and economic investment in the wellbeing of members of the Baloch ethnicity.The party’s chief, Akhtar Mengal, had just finished speaking at the Quetta rally and was leaving the venue when the attack occurred. He said he was “safe” in a post on social media. Since 2014, China has invested significantly in building a road-and-infrastructure project in Balochistan linked to its One Belt One Road initiative. Many Baloch, however, say the benefits have been reaped only by outsiders.Pakistani forces have been battling an insurgency in the province for more than a decade, and in 2024 the region saw a sharp rise in violence, with 782 people killed. Elsewhere in Balochistan on Tuesday, five paramilitary personnel were killed and four wounded when a homemade bomb exploded as their convoy passed through a district near the Iranian border, a senior local official told AFP.No group immediately claimed responsibility for either attack. – Khyber Pakhtunkhwa attack -Since January 1, according to AFP figures, more than 430 people, mostly members of the security forces, have been killed in violence carried out by armed groups fighting the state in Balochistan and neighboring Khyber Pakhtunkhwa. On Tuesday, six soldiers were killed in an attack on a paramilitary headquarters in the Khyber Pakhtunkhwa city of Bannu, the military said. “A suicide bomber rammed an explosives-laden vehicle into the gate of the FC camp, after which five more suicide attackers entered,” a government official told AFP, speaking on condition of anonymity.The ensuing exchange of fire lasted 12 hours, ending after the six attackers were killed, the official said. The militant group Ittehad-ul-Mujahideen Pakistan claimed responsibility for that attack.