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☆ Storm Ciarán: At least six dead and several missing as torrential rain and strong winds lash Italy
▼ + stars: | 2023-11-03 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

Rome, Italy CNN —At least six people have died in Tuscany, according to the region’s president, after torrential rain and strong winds from Storm Ciarán swept northern and central Italy overnight Thursday. A man walks in the mud in Montemurlo, near Prato, after torrential rain hit the area, on November 3, 2023. It asked people to leave nearby areas and remove vehicles near river banks. Helicopters, land vehicles, water pumps, buses and also the Comsubin [submarine search vehicles] for search and rescue activities,” he said in a statement Friday morning. Storm Ciarán has pummeled parts of western Europe since Wednesday night with strong winds and torrential rain.

Persons: Storm Ciarán, Eugenio Giani, Giani, Federico Scoppa, Arno, Guido Crosetto, ”, Olivier Véran, Friederike Otto, CNN’s Laura Paddison, Pierre Bairin, James Frater, Delal Mawad, Eve Brennan Organizations: Italy CNN —, Storm, Getty, CNN, Defense, Armed Forces, Belgium —, Grantham Institute, Imperial College London Locations: Rome, Italy, Tuscany, Veneto, Prato, Florence, Montemurlo, AFP, Pontedera, Pisa, Milan, Como, Sardinia, Lazio, Europe, France, Belgium

☆ Five killed as floods hit Italy's Tuscany region
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] An aerial view shows flooding following heavy rains in Prato, Tuscany, Italy November 3, 2023, in this screen grab taken from a handout video. However, Giani said the death toll had risen to five after rain swept away cars and forced people to evacuate the lower floors of buildings. The government was expected to declare a state of emergency which would allow the rapid release of help for Tuscany. The governor of Tuscany said there were challenging issues around two large rivers in the area, the Bisenzio, north of Florence, and the Ombrone, in the southern part of the region. Another person was missing in the northeastern Veneto region, the local governor was quoted as saying by Sky TG24.

Persons: Storm Ciaran, Eugenio Giani, Giani, Luigi D'Angelo, Giorgia Meloni, Sky, Ciaran, Giulia Segreti, Federico Maccioni, Keith Weir, Sonali Paul, Mark Heinrich Our Organizations: Fire Brigade, REUTERS Acquire, Rights, Civil, Sky, Thomson Locations: Prato , Tuscany, Italy, Rights FLORENCE, Italian, Tuscany, Europe, Florence, Pistoia, Rosignano, Montemurlo, Veneto, Northern Ireland, Britain, Belgium, Netherlands, France

☆ Italy floods: Lake Como bursts its banks as violent storm pounds the north
▼ + stars: | 2023-10-31 | by ( Barbie Latza Nadeau | Antonia Mortensen | ) edition.cnn.com time to read: +3 min

Rome and Milan, Italy CNN —A storm that brought heavy rain and violent winds to Northern Italy overnight and early Tuesday sent rapid floods through central Milan and caused Lake Como to breach its banks. The Seveso, a river that runs through the municipalities of Como, Monza e Brianza and Milan, also broke its banks, according to Italy’s civil protection agency. The city’s safety councilor, Marco Granelli, said the winds felled trees, tore down scaffolding and ripped off roof tiles. Two women at a flooded intersection in Milan after a violent storm hit the city on October 31, 2023. Strong winds blowing towards the north in the Adriatic Sea pushed water up into the city.

Persons: Marco Granelli, Vasile Mihai, Antonio, Eugenio Giani, Luigi Brugnaro, Brugnaro, MOSE, Emilia Romagna, Laura Paddison Organizations: Italy CNN, Monza, Getty Locations: Rome, Milan, Italy, Northern Italy, Como, Tuscany, Central Italy, Venice, Veneto, Italian, Emilia

☆ No major damage reported from 4.8 magnitude earthquake near Florence
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

ROME, Sept 18 (Reuters) - A 4.8 magnitude earthquake struck early on Monday near Florence in central Italy, but regional authorities said it did not seem to have caused significant damage. The epicentre was just off Marradi, a town about 70 kilometres (43.5 miles) north-east of Florence, at a depth of 8.4 kilometres, the Italian Geophysics and Volcanology Institute (INGV) said. The quake hit at 0310 GMT and was followed by several aftershocks, INGV said. "At the moment there are no particularly critical situations following the earthquake with its epicentre in Marradi", Tuscany Governor Eugenio Giani wrote on Facebook, adding that checks on possible structural damages to buildings were ongoing. Reporting by Alvise Armellini, editing Federico MaccioniOur Standards: The Thomson Reuters Trust Principles.

Persons: INGV, Eugenio Giani, Alvise Armellini, Federico Maccioni Organizations: Italian Geophysics, Volcanology Institute, Facebook, Thomson Locations: Florence, Italy, Italian, Marradi, Tuscany

☆ Italy court ruling allows work on Tuscan LNG terminal to proceed
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +3 min

[1/3] A view shows the spot where a floating storage and regasification unit will be set up in front of the port city of Piombino, Italy, October 20, 2022. The court said on Thursday it had scheduled a new hearing on March 8 to assess longer-term safety issues relating to the floating terminal. The infrastructure needs to be operational by April to help Italy replace dwindling Russian gas supplies and to re-fill its gas storage by next winter. The Piombino terminal will have a capacity of 5 billion cubic metres (bcm) and will allow Italian energy groups to increase LNG imports to the country. In Italy there are currently three LNG terminals with a total capacity of nearly 17 bcm.

The spot where a floating storage and regasification unit will be set up is seen in front of the port city of Piombino, Italy, October 20, 2022. Such a big-scale project will help Italy avert a supply crunch it could otherwise face next winter, but keep it hooked on gas for longer, slowing down its transition to renewable energy. A new rightist government, widely expected to be led by Giorgia Meloni, could be sworn in as soon as next week, with no sign that Rome's line on Piombino project - endorsed by Italy's industrial lobby Confindustria - could be changed. With little domestic gas production and a ban on nuclear power generation, Italy heavily relies on imports for its energy needs. Some local and environmental grassroots associations and unions gathered in Piombino on Thursday for a rally against the project.

☆ Market reaction to Italy election
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. read moreFollowing is some of the initial reaction from market observers:LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations. Some short covering is possible given investors entered the election moderately short BTPs and as the risk scenario of a landslide victory by the right is priced out. "The market knew this was how it was going to end and will remain focused at this stage on economic growth, monetary policy tightening and public finances, which remain a slippery slope for Italy." Register now for FREE unlimited access to Reuters.com RegisterReporting by Italy bureau and London Markets Team; Compiled by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's right-wing bloc wins election: five questions for markets
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Guglielmo MangiapaneMILAN/LONDON, Sept 26 (Reuters) - Italy's right-wing bloc should have a solid majority in both houses of parliament following Sunday's election, potentially giving the country a rare chance of political stability after years of upheaval and fragile coalitions. The absence of the anti-euro rhetoric seen in the 2018 election had reassured investors in the run-up to the vote. With markets watching closely, we take a look at five key questions on the radar. Reuters Graphics2/ Could Italy's EU funding plan be modified? The Brothers of Italy sees room to amend Italy's EU-backed recovery fund programme to account for the energy shock.

☆ Market reaction to Italy election outcome
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. It last traded at 234 basis points. "Today's upward movement is a continuation of the market reaction seen on Friday after Britain's mini-budget and sounds like a warning to the eurozone countries as well." LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations." We continue to expect the 10-year BTP-Bund spread to trade close to 250 basis points until year end."

Similar numbers fled in Greece as a blaze fuelled by gale-force winds raged in mountains north of Athens. ABOVE 40CIn Spain, where emergency crews were fighting fires in five regions, national weather service AEMET also forecast higher temperatures. REUTERS/Stelios MisinasTreasury Minister Simon Clarke said Tuesday's "remarkable, unprecedented" record served as "a reminder ... of the importance of tackling climate change." British engineers raced on Wednesday to fix train tracks that buckled in the heat after firefighters worked through the night to damp down wildfires. In southern Europe, far larger wildfires continued to rage.

Persons: Armando Silva, Stephen Belcher, Stelios Misinas, Simon Clarke, Tuesday's, Emmanuel Macron, Eugenio Giani, Christos Stylianides, Marc Fesneau, Manuel Lopes, Renee Maltezou, Angeliki Koutantou, Karolina Tagaris, Dominique Vidalon, Mathieu Rosemain, Sudip Kar, Gupta, Kate Holton, William James, Emma Pinedo, Catarina Demoney, John Stonestreet, Nick Macfie, Alex Richardson, Mark Heinrich Our Organizations: China, Emergency, Science, Technology, Britain's Met, REUTERS, European Union, Fincantieri, Thomson Locations: Tuscany, Athens, ATHENS, LONDON, Europe, London, Italy, Lucca, Greece, China, Texas , Louisiana, Arkansas, Central U.S, Portugal, Spain, Portugal's, Murça, Trieste, Rome, Milan, Florence, Britain, Pallini, France, Croatia, Slovenia, Monfalcone, Penteli, Gironde, Paris, Madrid, Lisbon

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