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☆ Dream of the Desert: Saudi Arabia is launching its own luxury train
▼ + stars: | 2024-01-29 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +7 min

State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom. The destination has made a number of high-profile tourism investments in recent years – a $500 billion model city in the desert of northwest Saudi Arabia among them. Now Saudi Arabia is getting on board with the slow travel movement in a big way by moving into the luxury train market. Arsenale S.P.A./Saudi Arabia RailwaysSaudi Arabia’s decision to enter the luxury train market comes as demand for high-speed trains and luxury “rail cruises” continues to increase around the world. Infrastructure investmentA rendering of Dream of the Desert, which will be the first luxury train in the Middle Eastern kingdom.

Persons: Paolo Barletta, ” Barletta, S.P.A, Joe Biden, Dolce, ”, Luigi Corradi, King, Khalid al, Falih, Arsenale S.P.A, Bashar bin Khaled Al Malik, Al Malik, CNN’s Lilit Marcus, Ben Jones Organizations: CNN, State, Saudi Arabia Railways, Saudi, Arsenale Group, SAR, Saudi Arabia Railways Saudi, Reuters, “ Orient, Accor, Ferrovie dello Stato, Speed Railway, King Abdulaziz International, Saudi Arabia’s Investment, Projects, Saudi Railway Company, Orient Express, Orient Locations: Saudi Arabia, Saudi, Arabia’s, Riyadh, Qurayyat, Jordan, Hail, Italy, France, Italy’s, Mecca, Medina, Jeddah, Venice, London, Kyushu

☆ Italy's Salvini says would consider a sound plan to sell railway stake
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Matteo Salvini, Italian infrastructure minister and deputy PM, attends a news conference for the government's first budget in Rome, Italy November 22, 2022. On Monday Salvini, who is also deputy prime minister, was quoted as saying that he was against selling a stake in the company. But in comments at the Foreign Press Association in Rome, he said his 'no' had referred to the absence of any current sale plans for Ferrovie dello Stato (FS). "If there were an (asset sale) plan that could bring me added value, investments, money ... ($1 = 0.9128 euros)Reporting by Alvise Armellini, writing by Gianluca Semeraro; editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Matteo Salvini, Remo Casilli, Salvini, Giancarlo Giorgetti, Alvise Armellini, Gianluca Semeraro, Gavin Jones Organizations: REUTERS, Rights, Transport, Ferrovie dello Stato, Foreign Press Association, FS, Economy, Salvini's League, Thomson Locations: Rome, Italy, Italian, privatisations

The option however is not top of the list for the Treasury, one of the sources added. Announced in May, Eni's share buyback is underway and is expected to increase the government's total stake to just above 34% of voting shares. Once completed, the Treasury could potentially sell enough shares for Italy to remain slightly over 30% of Eni's capital when factoring in CDP's stake, another source said. At current market prices, 4% of Eni is worth around 2 billion euros ($2.14 billion). Eni's share buyback is expected to end before April 2024 after the group said last month it would speed up the programme launched to reward investors.

Persons: Chris Helgren, Italy's, Eni's, Lucia Albano, Giancarlo Giorgetti, Jan Harvey Organizations: Eni, REUTERS, MILAN, Italy's Treasury, Bankers, Treasury, European Union, Economy, Ferrovie dello Stato, Thomson Locations: Vancouver , British Columbia, Canada, Rome, Italy, dei

☆ Italy announces special tourist trains and 'cruise trains'
▼ + stars: | 2023-08-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

Ferrovie dello Stato Italiane (FS), Italy’s state-owned railway operator, has announced a new program of tourist-focused trains, using vintage locomotives on popular vacation routes. “Lusso” (luxury) trains will be spearheaded by the long-distance, super-luxury Orient Express Dolce Vita train, which will now launch in 2024, instead of this year as previously anticipated. The luxury Dolce Vita train will debut in 2024. These new routes will include night trains. sphraner/iStock Editorial/Getty ImagesThere will even be “cruise trains” – routes conceived with the idea of shuttling vacationers back and forth from short breaks.

Persons: we’ll, Stanley Tucci, Lusso, DIMORESTUDIO, Lamberto, Luigi Ferraris, ” Antonio Tajani Organizations: CNN, intel, Ferrovie dello Stato, Orient, Express, Golden Eagle, Cortina, d’Ampezzo, FS, Fondazione FS Locations: Italy, Venice, Milan, Tuscan, Rome, Otranto, Puglia, Metaponto, Basilicata, Reggio Calabria, Cortina d'Ampezzo, Calalzo, Umbria, Swiss

Prime Minister Giorgia Meloni's administration is determined to oust current CEO Francesco Starace, several sources told Reuters. OPPORTUNITYWith almost 60 Gigawatt (GW) of installed capacity, Enel is one of the world's biggest players in renewable energy. The company, which has been hit by soaring gas prices and government measures capping bills to shield consumers, saw net profit slip to 5.4 billion euros last year, from 5.6 billion euros in 2021. In November Enel unveiled its updated strategy to 2025, pledging to cut net debt by 21 billion euros via asset disposals, while at the same time investing 37 billion euros and increasing installed renewable capacity by 21 GW. You can't have an Italian only Enel, it would be such a step back," de Lamaze said.

☆ Greek workers join walkout over deadly train crash, call protests
▼ + stars: | 2023-03-07 | by ( Karolina Tagaris | ) www.reuters.com time to read: +2 min

ATHENS, March 8 (Reuters) - Thousands of workers will join a nationwide strike on Wednesday in protest over Greece's deadliest train disaster that killed 57 people, and mass demonstrations are expected to culminate outside parliament in Athens. Wednesday's strike, to be joined by various public sector workers, is expected to disrupt metro, tram and bus servives, and ferries will remain docked in ports as seamen join the walkout. "We will impose safe railways so that no one will ever experience the tragic accident at Tempi ever again," the main railway workers union said in a statement. ADEY, the umbrella union representing hundreds of thousands of public sector workers, also called for a day-long strike and protest over the "murderous crime". Greece sold its state-owned railway operator, now called Hellenic Train, under its international bailout program in 2017 to Italy's state-owned Ferrovie dello Stato Italiane.

Summary At least 46 killed in Greece's worst train disasterGovernment promises to fix ailing rail systemRailway workers walk off job in safety standards protestLARISSA, Greece, March 2 (Reuters) - The death toll from Greece's deadliest train crash was set to rise even higher, with 46 confirmed dead but ten people still missing, authorities said on Thursday. As many in Greece demanded answers, rescuers continued to comb through charred and buckled rail carriages to try and find more victims. [1/5] Rescuers operate on the site of a crash, where two trains collided, near the city of Larissa, Greece, March 2, 2023. INVESTIGATIONThe station master of Larissa train station was arrested on Wednesday and appeared before a local magistrate on Thursday. The Italian operation has responsibility for passenger and freight, and the Greek state-controlled OSE for infrastructure.

☆ Greek rescuers comb through train crash wreckage as hopes fade
▼ + stars: | 2023-03-02 | by ( Lefteris Papadimas | ) www.reuters.com time to read: +3 min

[1/5] Rescuers operate on the site of a crash, where two trains collided, near the city of Larissa, Greece, March 2, 2023. The high-speed passenger train with more than 350 people on board crashed head-on with a freight train near the city of Larissa late on Tuesday, and hopes of finding anyone still alive in the wreckage more than 34 hours later appeared slim. The station master of Larissa train station was arrested on Wednesday as authorities probed the circumstances that led to the passenger train, en route to the northern city of Thessaloniki, colliding with another train carrying shipping containers coming in the opposite direction on the same track. Nikos Tsouridis, a retired train driver trainer, said drivers involved in the crash had died "because there were no safety measures. The Italian operation has responsibility for passenger and freight, and the Greek state-controlled OSE for infrastructure.

☆ Hours after deadly train crash, Greece agonises over what went wrong
▼ + stars: | 2023-03-01 | by ( Angeliki Koutantou | ) www.reuters.com time to read: +3 min

[1/7] A general view of the site of a crash, where two trains collided, near the city of Larissa, Greece, March 1, 2023. There have been widespread media reports electronic signal software was not working, meaning signalling was done manually. OSE, the country's state-owned operator for rail infrastructure, did not respond to calls requesting comment nor did it issue a statement. Within hours, Greek police had arrested the station master at a provincial train station, accusing him of death through negligence. Hellenic Train, a unit of Italy's Ferrovie dello Stato which acquired passenger and freight operations, said it was working with authorities on the investigation.

The collision occurred as the passenger train, heading to the northern Greek city of Thessaloniki from the capital Athens, emerged from a tunnel near the central town of Larissa. Our thoughts today are with the relatives of the victims," Greek Prime Minister Kyriakos Mitsotakis said at the site of the crash, looking shattered. [1/15] The site of a crash, where two trains collided, is seen near the city of Larissa, Greece, March 1, 2023. REUTERS/Giannis Floulis 1 2 3 4 5'MUM, I'M HURT'The passenger train was carrying 342 travellers and 10 crew, while two crew were on the cargo train, according to Hellenic Train data. Greece's ageing railway system is in need of modernising, with many trains travelling on single tracks and signalling and automatic control systems still to be installed in many areas.

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