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  • BNP Paribas shares fall after US jury’s Sudan verdict | Sudan war News

    BNP Paribas shares fall after US jury’s Sudan verdict | Sudan war News

    The French bank will pay more than $20m to three plaintiffs amid allegations of human rights abuses.

    BNP Paribas shares have tumbled as much as 10 percent after a United States jury found the French bank helped Sudan’s government commit genocide by providing banking services that violated American sanctions, raising questions about whether the lender will be exposed to further legal claims.

    The bank’s shares were down on Monday morning in New York.

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    The federal jury in Manhattan on Friday ordered BNP Paribas to pay a combined $20.5m to three Sudanese plaintiffs who testified about human rights abuses perpetrated under former President Omar al-Bashir’s rule.

    The Paris, France-based bank said it will appeal the verdict.

    “This result is clearly wrong and ignores important evidence the bank was not permitted to introduce,” the company said in a statement on Monday.

    Uncertainty about whether BNP Paribas could face further claims or penalties weighed on the bank’s shares on Monday, and would likely continue to do so, traders and analysts said.

    The shares dropped as much as 10 percent at one point, and were last down 8.7 percent – set for their biggest daily fall since March 2023.

    Lawyers for the three plaintiffs, who now reside in the US, said the verdict opens the door for more than 20,000 Sudanese refugees in the US to seek billions of dollars in damages from the French bank.

    BNP said, “this verdict is specific to these three plaintiffs and should not have broader application. Any attempt to extrapolate is necessarily wrong as is any speculation regarding a potential settlement.”

    Nonetheless, analysts say the news will likely drag on the bank’s shares in the coming months.

    “A combination of a lack of visibility on the potential financial impact and next legal steps, a reminder of 2014 share price performance as well as a capital path that leaves relatively little room for error, is likely to hang over the shares until more visibility is provided,” analysts at RBC Capital Markets said in a note.

    BNP Paribas in 2014 agreed to plead guilty and pay an $8.97bn penalty to settle US charges that it transferred billions of dollars for Sudanese, Iranian and Cuban entities subject to economic sanctions.

    RBC said the bank’s shares underperformed the sector by 10 percent from the first litigation provision booked in early 2014 to the settlement in June 2014.

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  • Correction to rationale of aluminium 6063 & 6060 extrusion billet premium, cif Brazilian main ports

    Correction to rationale of aluminium 6063 & 6060 extrusion billet premium, cif Brazilian main ports

    The rationale for MB-AL-0287 aluminium 6063 & 6060 extrusion billet premium, cif Brazilian main ports had erroneously stated that “One indication was collected at 310 c/lb and four indications at $310-350/t.” This has been corrected to: “One indication was collected at $310/t and four indications at $310-350/t.”

    The published price is unaffected by this change.

    This price is part of the Fastmarkets base metals package.

    For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Pedro Conterno Rodrigues by email at: pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “FAO: Pedro Conterno Rodrigues, re: Aluminium 6063 & 6060 extrusion billet premium, cif Brazilian main ports.”

    Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

    To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.

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  • ‘Entry code’ may be key to stopping deadly rotavirus infections

    ‘Entry code’ may be key to stopping deadly rotavirus infections


    Valeo’s Dual Inverter scalable platform combines compact design and record efficiency to extend electric driving range and support multiple powertrain architectures.


    October 20, 2025-Paris, France-Valeo, a world leader in high and low-voltage electric powertrain solutions, announced that its new generation Dual Inverter solution has secured serial production contracts with two major Chinese automakers. Through deep integration and architectural optimization, Valeo’s innovation sets a new benchmark for efficiency and compactness in automotive electrification. Mass production is scheduled to start in 2026, with the solution being deployed on the customers’ Plug-in Hybrid Electric Vehicles (PHEVs).

    Xavier Dupont, CEO of Valeo Power Division, said: “We are honored by these two contracts that validate Valeo’s platform strategy, which gives us the agility to adapt quickly to the diverse needs of customers worldwide. With our new dual inverter platform, we will rapidly meet the strong demand in China for efficient and compact powertrain systems and are looking forward to delivering this advanced technology to our other global clients.“

    A key component for elevating hybrid system performance

    In electric and hybrid vehicles, inverters convert battery power to drive the electric motors. Plug-in hybrids and extended-range EVs require two motors—one for traction and one for generation—traditionally managed by separate units. A dual inverter combines both into a single compact system, with only one shared control board, reducing energy losses and costs while increasing efficiency, driving range and design flexibility for automakers.

    Thanks to its scalable 400–800V design, Valeo’s Dual Inverter can be used in today’s 400V electric vehicles as well as in the new generation of 800V models that enable ultra-fast charging. For automakers, this flexibility reduces development costs and allows them to cover multiple vehicle ranges with a single platform. The inverter can also be configured with traditional silicon modules for cost-sensitive models, silicon carbide for higher performance vehicles requiring maximum efficiency, or a hybrid Si/SiC option that balances performance and cost—giving OEMs the freedom to adapt the technology to each market segment. For drivers, this means faster charging on 800V vehicles, more driving range thanks to record energy efficiency of up to 99%, and a longer-lasting “full tank” with every charge.

    Valeo’s next-generation Dual Inverter: compact, efficient and scalable to extend EV range and performance.
    
    Valeo’s next-generation Dual Inverter: compact, efficient and scalable to extend EV range and performance.

    Designed for maximum safety and reliability

    Valeo’s Dual Inverter features a modular design that meets the industry’s highest functional safety standard, ASIL D (Automotive Safety Integrity Level D). This means the component meets the strictest requirements for reliability, fault tolerance and safety. For OEMs, it simplifies vehicle certification and ensures maximum reliability in system integration..
    Building on a proven track record of over 500,000 units already delivered on the first generation, Valeo’s new-generation Dual Inverter sets a new standard for EV range and performance

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  • Shin Starr’s robotic food truck kitchen will serve up Korean BBQ at TechCrunch Disrupt 2025

    Shin Starr’s robotic food truck kitchen will serve up Korean BBQ at TechCrunch Disrupt 2025

    When Shin Starr set out to build an autonomous kitchen, the company knew that the gimmick of robotic cooking wouldn’t carry the business. What would make Shin Starr’s OLHSO Korean BBQ food truck successful is if it could cook and deliver a…

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  • Melissa Barrera To Star With John Travolta In ‘Black Tides’

    Melissa Barrera To Star With John Travolta In ‘Black Tides’

    EXCLUSIVE: Melissa Barrera (Scream VI) has joined survival thriller Black Tides as co-lead, starring opposite John Travolta in the Renny Harlin (Cliffhanger) film.

    The film has officially begun principal photography in Gran Canaria, Spain,…

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  • Awkward flirting, 4am breakdowns and a last kiss: David Eldridge on a decade of writing about love | Theatre

    Awkward flirting, 4am breakdowns and a last kiss: David Eldridge on a decade of writing about love | Theatre

    It’s October 2017 and I’m sitting at the National Theatre, notebook open and pen poised, waiting for the third preview of my play Beginning to begin. The first previews had flown and I felt relaxed, enjoying the preshow music and its house…

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