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PUTIN ON ECONOMIC SANCTIONS AGAINST RUSSIA: WE HAVE TO KEEP UP POSITIVE ECONOMIC GROWTH

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* Russia will respond quickly to any provocation * All of NATO is fighting against Russia, Putin says * Putin says Russia is no paper tiger * Putin dismisses claims that Russia will attack NATO (Recasts with quotes on 'paper tiger') By Vladimir Soldatkin SOCHI, Russia, Oct 2 (Reuters) – President Vladimir Putin swiped back on Thursday at U.S. President Donald Trump for calling Russia a "paper tiger" and said Moscow would respond swiftly if it thinks Europe is provoking it. Trump, who had previously said Kyiv should give up land to make peace with Moscow, reversed his rhetoric sharply last week, saying he thought Ukraine could win back all territory from Russia, and labelling Moscow a "paper tiger". He repeated the line this week. Putin, speaking at the Valdai Discussion Group in the Black Sea resort of Sochi, said Russian forces were advancing along the entire front in Ukraine, and that almost all of the U.S.-led NATO alliance was now fighting against Russia. "A paper tiger. What follows then? Go and deal with this paper tiger," Putin said. "Well if we are fighting with the entire NATO bloc, we are moving, advancing, and we feel confident, and we are a 'paper tiger', then what is NATO itself?" "If anyone still has a desire to compete with us in the military sphere, as we say, feel free, let them try," Putin said. "Russia's countermeasures will not be long in coming." 'COOL DOWN, SLEEP CALMLY,' PUTIN TELLS NATO NATO members, he said, were providing Ukraine with intelligence, weapons and training, and whipping up what he cast as hysteria about alleged plans of Russia to attack a NATO member, which he dismissed as "impossible to believe". "I just want to say: cool down, sleep calmly, and take care of your own problems. Just take a look at what's happening on the streets of European cities," Putin said. Putin said Ukraine's armed forces had a grave lack of manpower and desertions, while Russia had enough soldiers. He suggested that Kyiv should negotiate an end to the war. Russia, he said, controlled almost all of Luhansk province, about 81% of the Donetsk region, and about 75% of both Zaporizhzhia and Kherson regions. Moscow claimed in 2022 to have annexed the four regions, and says it will not end the war until Ukraine withdraws from them entirely. (Reporting by Vladimir Soldatkin and Reuters in Moscow; Writing by Lucy Papachristou; editing by Guy Faulconbridge/Mark Trevelyan/Andrew Osborn)

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PUTIN: THERE ARE NO DRONES ON THE TANKER

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* Shein seeks permanent outlets in French department stores * Department store franchise operator seeks to draw younger shoppers * Galeries Lafayette aims to block Shein plan, opposes ‘ultra fast fashion’ (Adds reaction from Paris Mayor paragraph 6-7) Oct 2 (Reuters) – Online fast-fashion retailer Shein plans to open its first bricks-and-mortar shops in France in November under an agreement with department store owner Société des Grands Magasins, a move that sparked criticism from French retailers. The stores in the BHV department store in central Paris and Galeries Lafayette department stores in five other French cities mark a new step for Shein, which has up to now only hosted temporary marketing-driven pop-ups around the world. SGM president Frédéric Merlin said the launch would attract a younger clientele, adding that a customer might buy a Shein item and a designer handbag on the same day. Galeries Lafayette, which sold the stores operated by SGM under its name through a franchise agreement, said it opposed the move, which would violate the franchise agreement, and plans to stop it from happening. “Galeries Lafayette profoundly disagrees with this decision with regards to the positioning and practices of this ultra fast fashion brand that is in contradiction with its offer and values,” the group said in a statement. RETAILERS CRITICISE DEPARTMENT STORE DEAL WITH SHEIN The move was, however, criticised by Paris Mayor Anne Hidalgo, who said it went against the broader goals of Paris to promote what Hidalgo described as 'sustainable local commerce', such as by backing local businesses and locally-made goods. "We are extremely concerned by BHV's decision to host, in November, the first permanent store of the Shein company in France," wrote Hidalgo on LinkedIn. Shein, which sells 12-euro dresses and 20-euro jeans, faces pressure from other retailers, politicians and regulators in France, where lawmakers have backed a draft law regulating fast fashion that would, if implemented, ban Shein from advertising. "In front of the Paris City Hall, they are creating the new Shein megastore, which – after destroying dozens of French brands – aims to flood our market even more massively with disposable products," Yann Rivoallan, head of fashion retail association Fédération Francaise du Pret-a-Porter, said in a statement. French retailers were already struggling to compete with Zara and H&M when Shein launched, drawing cost-conscious consumers in with its discounts. Several French fast-fashion retailers such as Jennyfer and NafNaf went into insolvency proceedings earlier this year. SHEIN'S BRICKS-AND-MORTAR LAUNCH BRINGS CHALLENGES Shein sells clothes and accessories at rock-bottom prices thanks to its business model of sending parcels direct from factories in China to shoppers around the world, benefiting from customs rules giving low-value e-commerce parcels an exemption from duties. Shein executives have said its success is due to its online-only business model, meaning it has little unsold inventory, unlike bricks-and-mortar retailers. Setting up physical stores is a big departure from that model, requiring the company to maintain inventory in stores, which will add to running costs. It comes as Shein adapts to changes in its biggest market, the U.S., where its "de minimis" duty exemption for low-value parcels is ending. The European Union is planning to do the same. Shein's first store, on the sixth floor of the BHV, will open in early November, with later openings planned in Galeries Lafayette department stores in Dijon, Grenoble, Reims, Limoges, and Angers. Executive Chairman Donald Tang has said in interviews that Shein is especially popular in provincial and rural areas where he says customers have fewer options for fashionable clothes. (Reporting by Inti Landauro, Helen Reid and Mimosa Spencer, Editing by Louise Heavens and Jane Merriman)

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PUTIN: THEY SHOULD STOP IT

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PUTIN: THERE WERE SEVERAL STRIKES ON TRAINING CENTRE

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Jon Scheyer agreed to a two-year contract extension on Thursday that extends his current deal through the 2030-31 season. Scheyer, 38, has posted an 89-22 record in three seasons since succeeding the legendary Mike Krzyzewski as Duke's head coach in 2022. The Blue Devils have punched their ticket to the NCAA Tournament in each of those three years, highlighted by an Elite Eight appearance in 2024 and a Final Four berth last season. Duke captured the Atlantic Coast Conference regular-season and conference tournament titles in 2024-25. The Blue Devils rolled up 35 wins before dropping a 70-67 decision to Houston in the national semifinal. "Jon's remarkable impact over his first three seasons has positioned Duke basketball for sustained excellence, and we are proud to ensure his leadership well into the future," said Nina King, Duke's vice president, director of athletics. "He has delivered championships and national prominence, and he continues to lead a program built on character, connection and a relentless pursuit of greatness. Jon's vision for Duke basketball aligns perfectly with our highest aspirations, and we couldn't be more excited for the future of this program under his leadership." Scheyer was a standout player who scored 2,077 career points for the Blue Devils from 2006-10 and joined the Duke coaching staff as an assistant prior to the 2013-14 season. He became associate head coach prior to the 2018-19 season and was announced as the eventual replacement for Krzyzewski in June 2021. Duke opens the season against Texas on Nov. 4 in the Dick Vitale Invitational in Charlotte, N.C. –Field Level Media

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LONDON, Oct 2 (Reuters) – West African crude differentials were stable on Thursday as the November trade cycle remains slow-paced. * High freight rates and strong competition from Mideast Gulf and Latin American crude grades for homes in the Far East are weighing on West African differentials, one trader said on Thursday, adding that trade has been slow lately. * Nigeria's daily oil and gas production slumped during a brief nationwide strike by oil workers' union PENGASSAN that was called off on Wednesday after government-mediated talks with Dangote Refinery, according to an impact report seen by Reuters. * Nigeria has boosted daily crude oil output to between 1.7 million and 1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July, as reforms under President Bola Tinubu begin to unlock investment in the petroleum sector. * Senegal plans to start construction of a second oil refinery next year to boost domestic processing capacity, and is seeking $2 billion to $5 billion in investment for the scheme, the CEO of national refining company SAR said on Thursday. (Reporting by Robert Harvey; Editing by Jan Harvey)

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The Reuters Television Daybook Thursday, October 2, 2025 —– The daybook editor is Timothy Ryan (reachable at 202-843-6282 or Tim.Ryan@TR.com or DCDaybook@yahoo.com). Subscribers: For any problems in receiving daybook content, call: 1-833-282-6915 and press 1. —– —– 1 p.m. — AMERICA REPORTS WITH JOHN ROBERTS & SANDRA SMITH (FOX NEWS): An interview with Interior Secretary Doug Burgum. An interview with Chicago Federal Reserve President Austan Goolsbee. An interview with Mohamed El-Erian, chief economic adviser at Allianz. 4 p.m. — KUDLOW (FOX BUSINESS): An interview with House Speaker Mike Johnson (R-La.). 5 p.m. — ONE AMERICA NEWS (OANN): A taped interview with President Trump. [For a videoclip, go to: https://x.com/OANN/status/1973542010373189709. ] —– —– The Reuters Television Daybook October 2, 2025 REUTERS

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The ownership group of the San Diego Wave filed suit this week against former team president Jill Ellis, who also was the former head coach of the United States women's national team. The club's new ownership group, Levine Leichtman Capital Partners, claims that Ellis misrepresented her intention to remain with the club through the ownership transition, which began in March of last year and was completed in October of 2024. According to The Athletic, the lawsuit was filed in California Superior Court in San Diego on Monday. Ellis, a native of England who is now the chief football officer for FIFA, left her position with the Wave last fall, shortly after the club transferred hands to billionaire couple Lauren Leichtman and Arthur Levine, who own the private equity firm that now runs the team. An attorney representing Ellis told The Athletic that the "meritless" lawsuit was "filed in retaliation" for Ellis requesting $1.2 million in deferred compensation from the club under her deal with the previous ownership group. A spokesperson told The Athletic that the club remains focused on the on-field product and is not involved in the dispute between its ownership group and its former team executive. Ellis, 59, led the USWNT to consecutive World Cup titles in 2015 and 2019 before signing a five-year deal to become the Wave president when the team was founded in 2021. At the time she was appointed to her current role with FIFA, Ellis said her main role with soccer's governing body was to "contribute to the growth of football from a global perspective." –Field Level Media

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