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☆ After U.S. fentanyl deal, China warns against selling chemicals used in narcotics
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

An undated handout picture released by Guardia di Finanza shows tools that were seized as a part of an operation against fentanyl trafficking from China to U.S., in Piacenza, Italy. In a circular issued on Thursday, the office of the China National Narcotics Control Commission also cautioned against the risk of running into the "long-arm jurisdiction" of foreign law enforcement agencies. The United States has long sought China's cooperation to stop an illicit flow of precursor chemicals used to make fentanyl, which is up to 50 times stronger than heroin and is increasingly mixed with other drugs, often with lethal results. Under the agreement, China will go directly after specific chemical companies that make fentanyl precursors, a senior U.S. official said. U.S. officials say small chemical businesses in China make precursor chemicals that are shipped to Mexico to produce illicit fentanyl.

Persons: Xi Jinping, Joe Biden, Ryan Woo, Miral Organizations: Guardia, Finanza, REUTERS Acquire, Rights, China National Narcotics Control, United, Thomson Locations: China, U.S, Piacenza, Italy, Rights BEIJING, United States, San Francisco, Mexico

☆ Italy arrests six in crackdown on fentanyl smuggling from China to U.S.
▼ + stars: | 2023-11-15 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

[1/2] An undated handout picture released by Guardia di Finanza shows banknotes that were seized as a part of an operation against fentanyl trafficking from China to U.S., in Piacenza, Italy. Guardia di Finanza Press Office/Handout via REUTERS Acquire Licensing RightsMILAN, Nov 15 (Reuters) - Italian police have arrested six people in a crackdown on a network that allegedly played go-between for fentanyl trafficking from China to the United States, Guardia di Finanza police and prosecutors in the northern city of Piacenza said on Wednesday. Washington is hoping to secure more cooperation from Beijing in combating production of the potent synthetic opioid fentanyl, a scourge in the United States, when President Joe Biden meets Chinese President Xi Jinping on Wednesday. Among those arrested in Italy is the alleged head of the network, a 51-year-old Italian man suspected of buying fentanyl from China over the past three years. He sold it on to buyers in the United States, and in one case in Mexico, the chief prosecutor said.

Persons: Grazia Pradella, Joe Biden, Xi Jinping, Emilio Parodi, Keith Weir Organizations: Guardia, Finanza, REUTERS Acquire, U.S . Drug Enforcement Administration, Reuters, U.S, U.S . Centers for Disease Control, Prevention, Police, Thomson Locations: China, U.S, Piacenza, Italy, United States, Guardia, Washington, Beijing, Mexico, Rome, Ukrainian, Switzerland, Eastern Europe, bitcoin

☆ Booking.com settles Italian tax dispute with 94-million euro payment
▼ + stars: | 2023-11-10 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Nov 10 (Reuters) - Travel website Booking.com (BKNG.O) has agreed to pay about 94 million euros ($100.25 million) to settle a tax dispute in Italy, Genoa prosecutors said on Friday. Italy's Guardia di Finanza tax police alleged in June 2021 that Booking.com evaded 153 million euros of value added tax (VAT) in connection with holiday rentals from 2013 to 2019. Last November, Dutch magistrates accepted a European investigation order (OIE) sent by Italy allowing Italian prosecutors to question two former Booking.com chief financial officers as part of the investigation. Private accommodation sites which are not professionally run often have no VAT number, and Italian tax authorities believe the online travel agency should in such cases act as a withholding agent, collecting tax. In another similar case involving a company's responsibility to collect tax on behalf of tax authorities, an Italian judge on Monday seized 780 million euros from short-term rentals platform Airbnb (ABNB.O).

Persons: Dado Ruvic, Booking.com, Italy's, Toby Sterling, Alvise Armellini, Aurora Ellis Organizations: REUTERS, Apple, Facebook, Italian Revenue Agency, Prosecutors, U.S ., Holdings, Union, Thomson Locations: Italy, Genoa, Booking.com, Netherlands, Friday's, Italian, Delaware, Amsterdam

☆ Italy to pass tougher measures to deter migrant arrivals
▼ + stars: | 2023-09-18 | by ( Angelo Amante | ) www.reuters.com time to read: +3 min

[1/2] A man disembarked from Guardia di Finanza vessel is taken away on a stretcher after being rescued at sea, on the Sicilian island of Lampedusa, Italy, September 18, 2023. Under Italian law, migrants facing repatriation can be held if they cannot be immediately expelled. More than 127,000 migrants have arrived in Italy so far this year, according to government data, almost double the figure for the same period of 2022. Officials say a majority of migrants head to Italy for economic reasons and are therefore not eligible for asylum. ($1 = 0.9379 euros)Reporting by Angelo Amante; Editing by Crispian Balmer and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Yara, Giorgia Meloni, Meloni, Ursula von der Leyen, Von der Leyen, Angelo Amante, Crispian Balmer, Christina Fincher Organizations: Guardia, REUTERS, Rights, European, Thomson Locations: Guardia di, Lampedusa, Italy, Rome, Brussels

☆ ECB to ask banks to provide weekly liquidity data to monitor their health, supervisory chief says
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

MILAN, July 22 (Reuters) - The European Central Bank (ECB) will ask banks to provide weekly liquidity data from September so that it can carry out more frequent checks on their ability to ward off potential shocks as interest rates rise, the ECB supervisory chief said on Saturday. In an interview published by Milano Finanza, Andrea Enria said that European banks were stronger than before but that financial markets were still in a "delicate phase" due to the Ukrainian war, higher inflation and fast-rising interest rates. All these factors can increase liquidity and funding risks, Enria said, adding that the ECB would be very focused on this in the stress tests and other supervisory processes underway. "We have decided to send banks, starting in September, a request for information on a weekly basis, in order to have fresher data that will allow us to better monitor liquidity developments," Enria said. Currently banks are required to provide liquidity information to the ECB on a monthly basis.

Persons: Milano Finanza, Andrea Enria, Enria, Intesa, Francesca Landini, Clelia Organizations: MILAN, European Central Bank, ECB, Thomson Locations: Italy

☆ ECB to ask banks to provide weekly liquidity data to monitor their health - Enria
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

Persons: Milano Finanza, Andrea Enria, Enria, Intesa, Francesca Landini, Clelia Organizations: MILAN, European Central Bank, ECB, Thomson Locations: Italy

☆ Italian police net record 5-tonne cocaine haul off Sicilian coast
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

ROME, July 21 (Reuters) - Italian authorities have seized a record 5.3 tonne cocaine haul being transferred between ships off the southern coast of Sicily, police said on Friday. The consignment had an estimated value of 850 million euros ($946 million) and five people have been arrested, the Guardia di Finanza said in a statement. They stopped the trawler and found large quantities of drugs in a hidden compartment behind some panelling on the vessel. In April, Italian police had found almost 2 tonnes of cocaine floating at sea off eastern Sicily which they believe had been left by a cargo ship for collection. ($1 = 0.8986 euros)Writing by Keith Weir; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Finanza, Renato Schifani, Keith Weir, Alex Richardson Organizations: Police, Thomson Locations: Sicily, South America, Albanian

☆ Italy's Meta tax review gets underway in potential test case for tech sector
▼ + stars: | 2023-07-05 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

That has prompted a dialogue between Meta and the Italian tax agency -- the assessment phase -- which will end this year either with the company's acceptance of payment or with the start of tax litigation. The assessment, according to a source with direct knowledge of the matter, involves the highest ranking Italian tax officials because of the sensitivity of the issue. Meta said it takes its tax obligations seriously, pays all tax required in the countries where it operates and will fully cooperate with the Italian authorities. Italy's tax police and revenue agency calculated a model under which Meta would have had to pay around 220 million euros of sales tax in the country in 2021. The EPPO is awaiting the outcome of the Italian case before it decides whether to pursue similar action in other European Union states, a source with knowledge of the matter had said.

Persons: Italy's Guardia, Meta, Sergio Sirabella, Emilio Parodi, Keith Weir, Devika Organizations: MILAN, Facebook, Meta, Italy's, European Public Prosecutor's, Reuters, Economic Financial Police School, Union, Thomson Locations: Italy, U.S, Milan

☆ Sale of Italy's MPS should help create several big banks, says Meloni
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

Monte dei Paschi (MPS), of which the government owns 64% following a 2017 bailout, is seen playing a pivotal role in the consolidation expected among Italy's mid-sized lenders. After failing to clinch a sale of MPS to UniCredit (CRDI.MI) in 2021, the government is expected to seek another bank interested in buying its stake in the Tuscan lender. The government has just decided to renew Luigi Lovaglio's mandate as MPS chief executive for another term. We confirmed Lovaglio at the helm of Monte dei Paschi, the CEO successfully led the last capital increase, and now we must work to bring Monte back to the private market," Meloni said. "The government will not intervene, it is alert to check that there are no situations that jeopardise the national interest," Meloni told the newspaper.

Gucci is part of French luxury goods group Kering (PRTP.PA). The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in several EU countries. The Commission, which acts as the competition enforcer in the 27-country EU, did not name the companies or the countries, in line with its policy. The European Commission declined to comment on Wednesday. Companies found guilty of breaching EU rules face fines of as much as 10% of their global turnover.

MILAN/BRUSSELS, April 19 (Reuters) - EU antitrust regulators and Italian tax police inspected a facility of luxury goods company Gucci as part of a European Union investigation spanning several countries and companies, two sources with knowledge of the matter said on Wednesday. Gucci is part of French luxury goods group Kering (PRTP.PA). The second source said other fashion companies outside the Kering group had been targeted by similar inspections. The European Commission said on Tuesday that antitrust regulators had raided companies in the fashion sector in several EU countries. The European Commission declined to comment on Wednesday.

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.

☆ Italian prosecutors probe response to migrant tragedy
▼ + stars: | 2023-03-02 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

The same request has been made to the Coast Guard, Italian media reported. There was no immediate comment from the Coast Guard or the prosecutors. Italian President Sergio Mattarella visited survivors in a local hospital on Thursday, handing out toys to children. Frontex said the boat was sailing without signs of distress but it alerted the Italian authorities as its thermal cameras indicated there could be a number of people below deck. Media have questioned why the Coast Guard, whose vessels are better equipped to face rough seas, was not deployed until it received an emergency call the next morning.

☆ Death toll in Italian migrant shipwreck rises to 61
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS TV via REUTERSROME, Feb 27 (Reuters) - The death toll in a migrant shipwreck near the southern Italian coast has risen to 61, an Italian official told Reuters on Monday, as searches continued for missing people. A total of 61 people have been found dead so far, while 80 were rescued, said Manuela Curra, a provincial government official. The vessel was carrying people from Afghanistan, Iran and several other countries, and the victims included 12 children, authorities said earlier. Based on reports from survivors, authorities believe 180 to 200 people in total had been on board the vessel, she added. Charity Doctors Without Borders (MSF), operating on the ground, said they were assisting several people who had lost relatives in the shipwreck.

☆ Italy pursues Facebook-owner Meta for $925 million in sales taxes
▼ + stars: | 2023-02-22 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

MILAN, Feb 22 (Reuters) - Facebook parent company Meta (META.O) faces a potential tax bill of around 870 million euros ($925 million) in Italy after prosecutors launched an investigation into the company, two sources with direct knowledge of the matter said on Wednesday. "We strongly disagree with the idea that providing access to online platforms to users should be charged with VAT," a Meta spokesperson said in an emailed statement to Reuters. News of an administrative tax audit into Meta was first published on Wednesday by Italian daily Il Fatto Quotidiano. ROLE OF FREE ACCESSItaly's tax police and revenue agency calculated a model under which Meta would have had to pay around 220 million euros of sales tax in Italy in 2021, according to the sources. In recent years, the Milan Prosecutor's Office has opened several tax investigations against multinational tech companies such as Google and Apple.

☆ Gold struggles for momentum as investors await further Fed cues
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: +1 min

One kilo gold bars are pictured at the plant of gold and silver refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Gold prices struggled for momentum in early Asian trade on Wednesday as investors looked to next week's U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. U.S. gold futures were flat at $1,783.10. Fed fund futures are now pricing in a 91% chance of 50-basis point (bps) rate increase in the December meeting. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings rose 0.3% to 906.06 tons on Tuesday.

☆ ECB needs more rate hikes but inflation close to peak, chief economist says
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Dec 6 (Reuters) - The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist Philip Lane told the Milano Finanza. "We do expect that more rate increases will be necessary, but a lot has been done already," the paper quoted Lane as saying on Tuesday. "I would be reasonably confident in saying that it is likely we are close to peak inflation." Lane did not explicitly endorse a 50 bps move over a bigger increase but repeated his case for a slowdown. "Given the significant increase in (natural gas) prices, I don’t rule out some extra inflation early next year," Lane said.

☆ Зарплата главы УЕФА увеличилась на 25% в год пандемии
▼ + stars: | 2021-04-22 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +1 min

Зарплата президента Союза европейских футбольных ассоциаций (УЕФА) Александера Чеферина увеличилась на 25 % в год пандемии коронавируса. По информации источника, за сезон-2019/2020 словенский функционер заработал 2,19 миллиона евро, что на 450 тысяч евро больше, чем в предыдущем сезоне. Генеральный секретарь УЕФА Теодор Теодоридис получил 1,23 миллиона евро, что на 164 тысячи евро больше, чем сезоном ранее. 20 апреля УЕФА объявил, что хочет увеличить бюджет Лиги чемпионов в полтора раза. Днем ранее 12 европейских топ-клубов попытались создать обособленную от УЕФА Суперлигу, однако уже через два дня проект был заморожен.

Persons: ., Александер Чеферин, Теодор Теодоридис, Чеферин Organizations: Calcio Finanza, Союз европейских футбольных ассоциаций (УЕФА), УЕФА Locations: Суперлига

☆ Neobișnuita poveste a omului care a construit o insulă și a declarat-o stat independent (FOTO)
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +10 min

La sfârșitul anilor ’60, o autointitulată republică insulară liberă s-a născut pe o platformă construită în largul Adriaticii, dincolo de jurisdicția statului italian. Povestea a fost subiect de articole, cărți și documentare, iar recent a fost ecranizată de Netflix, scrie libertatea.ro. A fost un geniu”, a declarat Matteo Rovere, producătorul filmului, pentru Sky News. Singurul rezident din acel moment, Pietro Bernardini, a fost luat de pe insulă, iar Rosa a fost împiedicat să ajungă acolo. Președintele Republicii libere a Insulei Trandafirilor, Giorgio Rosa, a transmis un mesaj omologului său italian, Giuseppe Saragat, denunțând încălcarea suveranității.

Persons: Giorgio Rosa, Rose, Rosa, Marina, Pietro Bernardini, Matteo Rovere, ., Wagner ., Milo, Paolo Emilio Taviani, Apoi, Giuseppe Saragat Organizations: BBC, Sky News, Marinei Locations: italian, Bologna, Italia, străinătate, Republica Insulei Tradafirilor, Roma, Adriatica, Insula Trandafirilor, Rimini, Republica Insulei Trandafirilor, Esperanto, Marina italiană, Republica Italiană, Malta, Europa, SUA, Trandafirilor, carabinieri, Guardia, Republicii Italiene, Insulei Trandafirilor

☆ Poliția italiană a arestat un important lider al grupării mafiote 'Ndrangheta
▼ + stars: | 2020-08-22 | by ( Https | Www.Facebook.Com Radiochisinau | ) radiochisinau.md time to read: +1 min

Poliția italiană a anunțat vineri că l-a arestat pe Domenico Bellocco, unul dintre liderii unei familii proeminente din temuta grupare mafiotă 'Ndrangheta, relatează DPA, preluat de Agerpres. Guardia di Finanza a precizat că Bellocco se ascundea într-o fermă din Mongiana, la circa 50 de kilometri sud-vest de Catanzaro, în regiunea Calabria din sudul țării. Bellocco, un membru proeminent al familiei criminale cu același nume, era căutat pentru asociere mafiotă și trafic de droguri. 'Ndrangheta provine din regiunea sudică sărăcită Calabria și a depășit Cosa Nostra din Sicilia ca principala grupare mafiotă din lume. Această organizație criminală s-a extins mult în afara Calabriei și a intrat puternic în Europa, America de Nord și Australia și este considerată principala grupare care introduce ilegal cocaină în Europa.

Persons: Domenico Bellocco Organizations: Agerpres, Cosa Nostra Locations: Guardia, Finanza, Catanzaro, Calabria, Rosarno, sărăcită Calabria, Cosa, Sicilia, Europa, America de Nord, Australia

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