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☆ Who Is Nadine Arslanian, Bob Menendez's Wife Indicted in a Bribery Scandal?
▼ + stars: | 2023-10-11 | by ( Michelle Mark | Katherine Long | ) www.businessinsider.com time to read: +17 min

Sen. Bob Menendez and his wife Nadine Arslanian arrive at federal court following an indictment on corruption charges. Still, even prior to Menendez and federal indictment, Arslanian brushed up against fame and scandal. Arslanian "liked nice things," Anton told Insider. The longtime friend, who asked not to be identified by name, told Insider that Arslanian was conscious of her looks. AdvertisementAdvertisement"We felt that it was a very one-sided investigation," Koop's sister, Rosemarie Koop-Angelicola, told Insider.

Persons: Nadine Arslanian, Richard Koop, Robert Menendez, Arslanian texted Menendez, Sen, Bob Menendez, Brendan McDermid, Menendez's, Arslanian, Menendez, Chris Christie, Doug Anton, Kim DePaola, Kelly, Anton, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Nadine Tabourian, Raffi Arslanian, Sabine, André, Arslanian's, Last, Marco Tacca, Anton's, Koop, —, Narendra Modi, Stefani Reynolds, Bono, — Menendez, Taj, Robert, Nadine, Menendez cradling Arslanian, they've, Koop's, Rosemarie Koop, Angelicola, she's, Wael Hana, Douglas Anton, Jose Uribe, Uribe, Fred Daibes, Bob, Nadine wasn't, Aaron Short Organizations: New Jersey IHOP, Benz, Reuters, Democratic Party, Prosecutors, longtime Garden, Arslanian's, Real Housewives of New, Attorney, Greek, White House, New York University, New York Times, Housewives of, Indian, Getty, Lincoln, Police, Senate Foreign Relations, Strategic, Business Consultants, Strategic International Business Consultants, Hana, Department of Justice Locations: New Jersey, Bogota , New Jersey, Englewood Cliffs, Real Housewives of New Jersey, Beirut, Lebanon, United States, Bergen, Jersey, Cernobbio, Italy, AFP, Bergen County, Union City, Queens, Arslanian's Englewood, Washington, DC, Bogota, Egypt, Arslanian, Egyptian, Englewood

FILE PHOTO-Italy's Minister of Economy and Finance Giancarlo Giorgetti delivers a speech at the G7 High-Level Corporate Governance Roundtable in Niigata on May 11, 2023. "It may be that the tax is inappropriate, it can certainly be improved upon ... but I do not accept that it is considered an unfair tax," Giorgetti said at The European House - Ambrosetti economic forum. Bank shares tumbled before the economy ministry clarified that the new tax would amount to no more than 0.1% of their total assets. Forza Italia is also seeking an exemption for small banks and wants a guarantee the levy will not be extended beyond 2023. Giorgetti did not comment on his government ally's proposals on the bank tax.

Persons: Finance Giancarlo Giorgetti, KAZUHIRO, Giancarlo Giorgetti, Giorgetti, Antonio Tajani, Siena, Giselda Vagnoni, Giancarlo Navach, Hugh Lawson, David Evans Organizations: Economy, Finance, Bank, League, Forza Italia, Monte, Thomson Locations: Niigata, Italy, Cernobbio

Italian Economy Minister Giancarlo Giorgetti gestures during a confidence vote over the 2023 budget at the lower house of the parliament, in Rome, Italy December 23, 2022. "The government plans to maintain the forecasts of 1% in 2023, but inevitable external variables are radically changing the picture," Giorgetti said, speaking at The European House-Ambrosetti economic forum. The total cost of the so-called Superbonus originally introduced in 2020 is approaching 100 billion euros ($107.73 billion), the source added. With interest rate hikes by the European Central Bank to curb inflation dampening economic activity, Rome's growth target of 1.5% next year is increasingly at risk, economists say. As Italy is preparing a difficult 2024 budget, Giorgetti reiterated the commitment to keeping the deficit on a downward trend, leaving little leeway for stimulus.

Persons: Giancarlo Giorgetti, Remo Casilli, Giorgetti, Giuseppe Fonte, Giancarlo Navach, Giselda Vagnoni, Susan Fenton Organizations: REUTERS, European Central Bank, European Union, Thomson Locations: Rome, Italy, CERNOBBIO, Cernobbio, Ukraine

☆ EU's Gentiloni confident over budget rule deal by year-end deadline
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

EU Economic Commissioner Paolo Gentiloni holds a news conference on the European Commission's economic forecasts for the EU for 2023 and 2024 on GDP and inflation, in Brussels, Belgium February 13, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsCERNOBBIO, Italy, Sept 2 (Reuters) - European Union Commissioner for Economy Paolo Gentiloni said on Saturday he was confident an agreement over re-implementing EU budget rules would be reached by year-end, ruling out an extension of their suspension into 2024. "I'm confident, I'd say I have to be confident, that a deal (over the new budget rules) can be reached by year-end," Gentiloni told reporters on the sidelines of the European House Ambrosetti economic forum in Cernobbio. Italy is preparing a difficult 2024 budget in which it will seek to meet Prime Minister Giorgia Meloni's tax-cutting promises while at the same time reducing the deficit while faced with an economic slowdown. Gentiloni said failing to reach a deal on reviving the rules would mean a return to previous budget rules that did not help promote economic growth and cut sovereign debt in the bloc.

Persons: Paolo Gentiloni, Johanna Geron, Gentiloni, Giancarlo Giorgetti, Giorgia, Christine Lagarde, Elvira Pollina, Giselda, Tomasz Janowski, Helen Popper Our Organizations: EU, REUTERS, Union, House, Italian Economy, European Commission, European Central Bank, ECB, Thomson Locations: Brussels, Belgium, Italy, Ukraine

☆ Italy FM: Belt and Road China deal did not bring expected results
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

Visitors walk past a wall with a map showing the species of peony in Belt and Road Initiative (BRI) countries, at horticultural exhibition Beijing Expo 2019, in Beijing, China April 29, 2019. REUTERS/Stringer/file photo Acquire Licensing RightsCERNOBBIO, Italy, Sept 2 (Reuters) - Trade between Italy and China has not improved as expected since Rome joined Beijing's Belt and Road Initiative four years ago, Italy's Foreign Minister said on Saturday. Under a previous government, Italy in 2019 became the first major Western nation to join China's infrastructure initiative, despite protests from the United States. "The Silk Road did not bring the results we expected," Antonio Tajani said at the European House Ambrosetti economic forum shortly before leaving on a trip to China. Italy's Prime Minister Giorgia Meloni said she was planning to visit China in one of her next trips abroad.

Persons: Stringer, Rome, Antonio Tajani, Tajani, Giorgia Meloni, Francesca Landini, Giselda, John Stonestreet, Tomasz Janowski Organizations: Initiative, REUTERS, House, Italy's, Thomson Locations: Beijing, China, Italy, Beijing's, United States, Rome

☆ Intesa Sanpaolo chairman sees limited impact from Italy windfall tax
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsCERNOBBIO, Italy, Sept 1 (Reuters) - The chairman of Intesa Sanpaolo (ISP.MI) sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy's biggest bank less than 1 billion euros ($1.08 billion). The windfall tax, which wrongfooted bank investors when announced in August, is a one-off measure targeting gains from higher interest rates. The Treasury expects to draw less than 3 billion euros from the measure, sources have said. Gros-Pietro said dividends would inevitably be affected by any impact of the tax on profit but that Intesa investors would still be well rewarded.

Persons: Stefano Rellandini, Intesa, Gian Maria Gros, Pietro, Gros, Elvira Pollina, Giulio Piovaccari, Keith Weir, Alvise Armellini, Louise Heavens Organizations: REUTERS, House, Treasury, Thomson Locations: Milan, Italy

☆ Who is Nouriel Roubini, Wall Street's 'Dr. Doom' economist who has warned of catastrophe for 2 decades?
▼ + stars: | 2023-04-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Nouriel Roubini, the economist known as "Dr. Doom", has been warning of disaster for two decades. He rose to prominence after being among the commentators to call the 2008 financial crisis. When he spoke of an impending housing crash at the International Monetary Fund that year, the audience chuckled, the New York Times reported. Nouriel Roubini economics professor at New York University attends 48th edition of Economic Forum of Cernobbio on September 02, 2022 in Cernobbio, Italy. "Even a stopped clock is right twice a day," Anirvan Banerji, a critic of Roubini's told the New York Times in 2008.

☆ EU's Simson welcomes potential halt on Russian LNG imports
▼ + stars: | 2023-04-01 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: European Commissioner for Energy Kadri Simson attends a European Union energy ministers meeting on high energy prices, in Brussels, Belgium November 24, 2022. REUTERS/Johanna GeronCERNOBBIO, Italy (Reuters) - Proposals to stop Russian companies from sending liquefied natural gas to European Union nations were welcomed by EU Energy Commissioner Kadri Simson on Saturday. “This is not a law yet...but this is now a very concrete step,” Simson told Reuters at a business event in northern Italy. EU countries agreed on Tuesday to seek a legal option to stop Russian companies sending liquefied natural gas to EU nations, by preventing Russian firms from booking infrastructure capacity. Simson also talked up a deal struck by the EU last month to cut final energy consumption across the bloc by 11.7% by 2030 as the bloc fights climate change and tries to wean itself off Russian energy supplies.

☆ ECB's De Guindos warns of broad risks in financial sector
▼ + stars: | 2023-04-01 | by ( Giancarlo Navach | ) www.reuters.com time to read: 1 min

CERNOBBIO, Italy, April 1 (Reuters) - The European Central Bank (ECB) is monitoring current market tensions closely and will act to preserve price and financial stability in the euro area, ECB vice-president Luis de Guindos said in a speech on Saturday. "...In our view, vulnerabilities in the financial system prevail in the non-bank financial sector, which grew fast and increased its risk-taking during the low interest rate environment," De Guindos told the Ambrosetti business forum in northern Italy. Reporting by Giancarlo Navach Writing by Keith Weir, editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Italian minister warns ECB of risk from higher interest rates
▼ + stars: | 2023-04-01 | by ( Federico Maccioni | ) www.reuters.com time to read: +1 min

CERNOBBIO, Italy, April 1 (Reuters) - The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB). "Fighting inflation with monetary policy is not enough, recession cannot be the price paid for fighting inflation," Giancarlo Giorgetti said. Giorgetti is from the League party which last month criticised the ECB for pushing ahead with its latest 50 basis point rate increase despite turmoil in the banking sector. He added it would be difficult for the European Union when it comes to reintroducing budget rules that remain suspended until the end of 2023. Reporting by Giancarlo Navach and Federico Maccioni, Writing by Keith Weir Editing by Emelia Sithole-Matarise and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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