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☆ With day-trip fee 'Disney-fication' of Venice, the world hits its overtourism tipping point
▼ + stars: | 2024-04-28 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +5 min

In the 1970s, there were about 175,000 residents in Centro Storico, the main island and historic center of Venice. In fact, there are now more tourist beds in Venice than there are residents. Last week, Venice took action on overtourism, introducing a 5€ fee to day trippers who want to access the city. "You can't impose an entrance fee to a city; all they're doing is transforming it into a theme park. Marco Bertorello | Afp | Getty ImagesDespite its many detractors, the day fee is a significant move on the part of Venice's government to confront the challenge of overtourism, which has become a significant global problem since the pandemic.

Persons: Stefano Mazzola, Luigi Brugnaro, Mark —, There's, Matteo Secchi, Marco Bertorello, Antonio Paolo Russo, Russo Organizations: Piazzale Roma, Getty, Venice, Centro Storico, Guardian, Tourists, Afp, Virgili University Locations: Piazzale, Venice, Italy, Centro, Piazzale Roma, Santa Lucia, Tarragona, Spain, Bali, Barcelona, Amsterdam, Europe

☆ A San Francisco neighborhood threw a mini-festival to celebrate a public toilet that cost $200,000 instead of $1.7 million
▼ + stars: | 2024-04-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

San Francisco celebrated a new public loo with a mini-carnival complete with games, lemonade, and a live band. The public toilet initially cost $1.7 million with a multi-year deadline but had its price slashed to $200,000. AdvertisementThe scandal over a public toilet in San Francisco that cost $1.7 million has ended in celebration after the new loo opened on Monday with a much-discounted price tag of $200,000. That's according to The New York Times, CBS News, and The San Francisco Chronicle, who sent reporters down to the toilet's launch in the Noe Valley Town Square. AdvertisementCity officials said they were weighed down by high construction costs in San Francisco, as well as the need for environmental reviews and checks from multiple commissions.

Persons: —, Mario, Luigi, Leslie Crawford, Gavin Newsom, Chad Kaufman, Vaughn Buckley, Buckley, San Francisco Mayor London Breed Organizations: Service, The New York Times, CBS News, San Francisco Chronicle, Residents, People, NYT, CBS, SF Chronicle, San, Chronicle, California Gov, Company, San Francisco Mayor London Locations: Francisco, San Francisco, Noe, California, Nevada, Pennsylvania, Kaufman

☆ Andy Sieg is quickly shaking up Citi's wealth business. At least 11 senior execs have left since his arrival.
▼ + stars: | 2024-04-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.

Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com

☆ Venice to Charge Day Trippers an Entry Fee to Discourage Overcrowding
▼ + stars: | 2024-04-04 | by ( Elisabetta Povoledo | ) www.nytimes.com time to read: +1 min

On its busiest days, Venice swells with tourists who clog the city’s narrow streets, leave behind piles of garbage and often frustrate locals. So the canal-crossed city is fighting back. All visitors to Venice will also have to register their presence in the city on the specified days, filling out an online form that will help officials gauge how many visitors to expect and strategize about how to handle them. “It’s not about making money — the costs of the operation are higher than what we’re going to make,” Mayor Luigi Brugnaro told reporters on Thursday as Venetian officials kicked off a global advertising campaign. Instead, said Michele Zuin, the city official in charge of budgeting and economics, the aim is “to better manage the numbers of tourists and disincentivize mass tourism, which is what creates, let’s say, the difficulty of living in this city.”

Persons: “ It’s, Luigi Brugnaro, Michele Zuin Organizations: ” Locations: Venice

☆ Microplastics have been linked to a higher risk of heart attacks and stroke for the first time
▼ + stars: | 2024-03-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

People with microplastics in their plaque were more likely to have a heart attack or stroke. This is the first time microplastics have been linked to health problems in humans. AdvertisementPeople who had microplastics in their blood vessels in a study were more likely to have a heart attack, stroke, or die earlier than those who didn't. Younger men were more likely to have microplastics in their plaqueIt's important to note that the findings don't prove that microplastics cause heart attacks and strokes but rather suggest a link between the two. This might suggest that microplastics in the bloodstream exacerbate inflammation, which increases the risk of heart attacks and stroke, study author Francesco Prattichizzo told New Scientist.

Persons: Microplastics, —, Raffaele Marfella, University of Campania Luigi Vanvitelli, Marfella, Francesco Prattichizzo, Vahitha Abdul Salam, Abdul Salam Organizations: microplastics, Service, New England, of Medicine, University of Campania, New, Queen Mary University of London Locations: microplastics, Mount Everest, Naples, Italy

☆ Nanoplastics linked to heart attack, stroke and early death, study finds
▼ + stars: | 2024-03-06 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

“Should exposure to microplastics and nanoplastics be considered a cardiovascular risk factor? Nanoplastics have been found in human blood, lung and liver tissues, urine and feces, mother’s milk, and the placenta. The examination found “visible, jagged-edged foreign particles” scattered in the plaque and external debris from the surgery, the study said. Presence of microplastics and nanoplastics, and subsequent inflammation, may act to increase one’s susceptibility to these chronic diseases,” Stapleton said in an email. However, calling the study results “a direct link to cardiovascular disease is a stretch for the findings,” she added.

Persons: ”, Raffaele Marfella, Marfella, University of Campania Luigi Vanvitelli, Philip Landrigan, ” Landrigan, nanoplastics, Landrigan, Mary Conlon, —, that’s, Andrew Freeman, Phoebe Stapleton, Rutgers University’s Ernest Mario, “, ” Stapleton, Leonardo Trasande, don’t, Trasande Organizations: CNN, New England, of Medicine, University of Campania, Boston College, Program, Global Public Health, Global, Planetary Health, International, Water Association, Surgeons, Jewish Health, Rutgers, Rutgers University’s Ernest Mario School of Pharmacy, Getty, American Academy of Pediatrics, NYU Langone Health, Natural Resources Defense Council, Invest Locations: Naples, Italy, Denver, Piscataway , New Jersey

☆ How the mystery of electricity helped 18-year-old Mary Shelley create 'Frankenstein'
▼ + stars: | 2024-02-09 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

In 1818 Mary Shelley published “Frankenstein; or, the Modern Prometheus.”In the novel, Frankenstein brings a creature to life with a "spark of being." Both scientists influenced “Frankenstein.” Shelley incorporated some of Davy’s writings into her novel, and the 1818 and 1831 prefaces both reference Darwin. Mary Wollstonecraft Shelley wrote "Frankenstein" when she was 18 years old. Hulton Archive/Getty ImagesPoet Percy Bysshe Shelley, whom Mary Shelley married the same year she started "Frankenstein," was also fascinated with science. “Could it be electricity?”The electrical experimentsIn her 1831 revised edition of "Frankenstein," Shelley removed the part about lightning and instead referenced galvanism.

Persons: Mary Shelley, “, ”, Frankenstein, Shelley, —, Lisa Frankenstein, Victor Frankenstein, Shelley doesn’t, Mary Shelley’s, William Godwin, Erasmus Darwin, Charles ’, Humphry Davy, “ Frankenstein, ” Shelley, Darwin, Mary Wollstonecraft Shelley, Percy Bysshe Shelley, Lord Byron, Percy Shelley, Erasmus Darwin’s, she’d, Byron, Boris Karloff, reenacted Benjamin Franklin ’, Franklin, Michael Faraday, Georg Ohm, Juliet Burba, he'd, Luigi Galvani, he’d, Alessandro Volta, Dominique Jean Larrey, Galvani’s, Giovanni Aldini, Aldini, Thomas Forster, Shelley’s Organizations: Service, Getty, Universal, Obscura Locations: Hulton, Lake Geneva

☆ Tractors Drive Past the Colosseum as Italy's Meloni Pledges Tax Help
▼ + stars: | 2024-02-09 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Angelo AmanteROME (Reuters) - A convoy of tractors on Friday drove past the landmarks of ancient Rome before Italian Prime Minister Giorgia Meloni told a delegation of farmers that the government would partially reintroduce a tax break for them. Four tractors, escorted by police, crossed the city streets and passed in front of the Colosseum and the Circus Maximus, adorned with Italian flags and slogans decrying the EU's green transition. We don't want to create problems, we just want answers as soon as possible," one of the protesters, Luigi Allegrini, said. Coldiretti, the main agricultural lobby, has a close relationship with the government but the current protests are being led by smaller groups. "The government has defended farmers and contested the wrong choices imposed by the European Commission from the very beginning," Meloni told the farmers.

Persons: Angelo Amante ROME, Giorgia Meloni, Maximus, Luigi Allegrini, Roberto Rosati, Meloni, Angelo Amante, Alvise Armellini, Angus MacSwan Organizations: Italian, Farmers, European Commission Locations: Rome, Europe, Spain, Poland

☆ Grieving the Loss of a Pet? They Want to Help.
▼ + stars: | 2024-02-04 | by ( Lauren Gill | ) www.nytimes.com time to read: +1 min

Weeks after Maria Sandomenico’s Chihuahua, Luigi, died last August, she shared a long post in a Facebook group for residents of the Park Slope neighborhood of Brooklyn about how she was struggling to come to terms with her adopted rescue dog’s passing. In an interview in January, Ms. Sandomenico said that in the seven years she had lived with Luigi, he had become her “north star,” trotting by her side in various custom-made clothes she had bought him. A pink and black pompom hat was his signature look, though he was also known to wear cashmere. Ms. Sandomenico said she turned to Facebook when Luigi died because she didn’t want to burden her friends with her feelings, and because she craved connection with others who had experienced the death of a pet. She was surprised by how many people responded to her post saying they were also grieving the loss of an animal companion and didn’t know where to find support.

Persons: Maria Sandomenico’s Chihuahua, Sandomenico, Luigi Organizations: Facebook Locations: Luigi, Brooklyn

☆ He moved to Italy with his husband. Then his ex-wife bought a home down the road
▼ + stars: | 2024-02-03 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

Over five decades later, Randy Allen and Cindy Harding Nannarelli from the US are both living in Italy with their husbands. In fact, the two couples’ homes in Noto, Sicily are located just a short distance from each other. “There was a long period where we lost touch,” says Randy, explaining that he moved around a lot during that time. Randy AllenAs Steve had never been to Italy before, they traveled there soon after, and Randy was able to introduce his new husband to Cindy and Sandro. Randy, Steve and Cindy have all found life in Italy to be more affordable than in the US.

Persons: CNN —, Randy Allen, Cindy Harding Nannarelli, ” Randy, Randy, Cindy, Randy Allen “, ”, “, Sandro, Italy “, Steve Bertiz, Steve, Mimi, Lola, Donald Trump, Steve “, Florence –, they’d, grandmother’s, wouldn’t, ‘, ’ ” Randy, Luigi, they’ve, Giorgia Meloni, ’, Fried, ” Cindy, Sandro wasn’t, “ Noto, “ We’re, you’re Organizations: CNN, CNN Travel, Social Security Locations: California, Italy, Noto, Sicily, Europe, Italian, Florence, Germany, Mexico, Portugal, ”, San Francisco, Noto , Sicily, Noto . “, American, Greece, America

☆ 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

☆ Gigi Riva, Italy’s all-time leading scorer, dies aged 79
▼ + stars: | 2024-01-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Italian soccer great Luigi ‘Gigi’ Riva died on Monday at the age of 79, according to the Italian Football Federation (FIGC). Nicknamed ‘Rombo di Tuono’ (‘Roar of Thunder’) – a nod to his shooting and physical strength – Riva is Italy’s leading all-time national team goalscorer, a title he has held since 1973 after passing Giuseppe Meazza. Have a good trip, beloved Gigi.”Riva made his international debut aged 20 and was part of the side that won Italy’s first ever European Championship. He more than played his part, opening the scoring in the final against Yugoslavia, which Italy won 2-0. He joined the club at the age of 19 after making his professional debut for Serie C team Legnano-Ivrea.

Persons: Luigi ‘ Gigi ’ Riva, Riva, ‘, Tuono, –, – Riva, Giuseppe Meazza, Gianni Infantino, Gigi, ” Riva, Italy’s, ”, Arrigo Sacchi, Legnano, Gigi Riva, Alessandro Sabattini, Marcello Lippi’s Organizations: CNN, Italian Football Federation, ‘, FIFA, Yugoslavia, Italy, West Germany, Cagliari, Serie C, Sardinian, Serie A, France Locations: Italy, Mexico, Italy's, Brazil, Sardinia, Ivrea, Cagliari

☆ The most exciting new trains coming in 2024
▼ + stars: | 2024-01-04 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

CNN —Around the world, travelers are flocking back to trains, and demand is increasing across the board for high-speed trains, luxury “land cruises” and long-distance day and night trains. Here are some of the best new trains you’ll be able to take in 2024. Laurie Dieffembacq/Belga/AFP/Getty ImagesLinks between two of Europe’s most visited capitals have traditionally been pretty poor, with no direct trains since the 1990s. Ian Clarke/Alamy Stock PhotoFour continents, 13 countries, and seven luxury trains across 80 days – the ultimate experience for rail travel connoisseurs is due to depart in late 2024. BelmondOne of the world’s greatest luxury train journeys is returning to the rails in 2024 after a four-year gap.

Persons: Laurie Dieffembacq, Dimorestudio, Vita ”, Riva Aquarama, itineraries, Jeroen Berends, Gabriel Bouys, it’s, Jesus Hellin, That’s, Trenitalia, Luigi Ferraris, France –, Railbookers, Ian Clarke, we’ve, ”, Frank Marini, Alex Halada, There’s Organizations: CNN, Orient, Getty, ÖBB, Austrian Federal Railways, SNCF, Eurostar, National, Europa Press, French, Renfe, FS, Rocky Mountaineer, Royal, Orient Express, Oriental, ”, Oriental Express, Austrian Railways, Swiss Locations: Swiss, Venice, Paris, Berlin, AFP, Strasbourg, Frankfurt, Italy, Rome, Matera, Palermo, Sicily, Messina, Europe’s, Istanbul, Split, Brussels, Prague, Europe, Dutch, Dresden, Belgian, Roman, Naples, Madrid, Spain, France, Spanish, Barcelona, Lyon, Marseille, Canada, Central Europe, India, South Africa, Eastern, Vancouver, Malaysia, Singapore, Malaysia’s, Kuala Lumpur, Langkawi, Penang, Bangkok, Vienna, Innsbruck, Hamburg, Switzerland, Germany, Zürich, Gornergrat Bahn, Zermatt, Gornergrat, Riffelalp

☆ From ‘Barbenheimer’ to Taylor Swift, here are the most important films of 2023 and why they worked
▼ + stars: | 2023-12-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

Hannah Beier | The Washington Post | Getty ImagesCall 2023 an explosive comeback at the box office. Together, those three films contributed more than $1.5 billion to the domestic box office, according to data from Comscore. But in the meantime, here's a look at some of the most important theatrical releases of 2023 — and why they worked. Meanwhile, Disney has seen its animated content lag at the box office in the wake of the pandemic. "His Only Son," a biblical drama released in early 2023, cost $250,000 to make and generated $12.4 million at the box office.

Persons: Barbie, Oppenheimer, Hannah Beier, Mario, Comscore, Greta Gerwig, Christopher Nolan's, J, Robert Oppenheimer, Chris Pratt, Charlie, Luigi, Disney, Kung, Taylor Swift, Michael Jackson's, Buda Mendes, tas23, Swift, Beyoncé, Tim Ballard, Jim Caviezel, Covid, Blumhouse, Cabrini, Saint Francesca Cabrini, Bonhoeffer, Dietrich Bonhoeffer Organizations: Washington Post, Getty, Warner Bros, Mario Bros, Universal, Disney, Pixar, Walt Disney Animation, Swift, AMC, National Football League, Angel Studios, Century Fox, Roman Catholic, Reich Locations: Somerdale , New Jersey, There's, New York, Universal, Hollywood, Colombia

☆ Leaked email: Broadcom CEO says the company is reviewing 'strategic alternatives' for two of VMware's businesses
▼ + stars: | 2023-11-29 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.

Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, •, Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, •, Security, Strategic, Corporate, Asia Pacific, Services

☆ With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
▼ + stars: | 2023-11-24 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

And a steady drip of Black Friday deals, started early in November at many retailers, has also delayed the rush, as some shoppers bet that the best deals are still coming. Holiday shoppers spent 7% less in dollars and 6% less in units from mid-October to mid-November compared with the year-ago period, Circana found. Mario Tama | Getty Images News | Getty ImagesBlack Friday state of mindAmong the biggest themes this holiday season: shoppers are hungry for deals and willing to wait for them. "We're going to have a sustained drumbeat of great offers for the entire holiday season, starting this week," he said on a call with CNBC. Some retailers, such as Best Buy, are trying to rush shoppers to hit the "buy" button by dangling short-term sales.

Persons: Melissa Repko, Mario, Luigi, Nintendo's, Lowe's, Marshal Cohen, Circana, " Cohen, You've, you've, Barbie, Mario Tama, John David Rainey, Rainey, Steve Madden, Edward Rosenfeld, Marvin Ellison, Ellison, Corie Barry, Macy's Organizations: CNBC, National Retail Federation, Walmart, Nordstrom, Target, Dick's Sporting, Amazon's, NPD, Consumers, Getty, nab, Footwear, Shoppers, Disney Locations: New York City, Manhattan, Dallas, Los Angeles, Burbank , California

☆ Venice reveals first 2024 dates for charging day-trippers
▼ + stars: | 2023-11-23 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

The first set of dates on which the fee will be charged cover April to mid July, 2024. The program will be managed via an online platform which will produce QR code “tickets” confirming payment or exemption. Those visiting the city on business or short-term study are also exempt, but must register for a daily QR code. However, they too must book and receive a QR code for free. Not a magic money treeThe council has identified 29 peak days in the first half of 2024 to charge day-trippers.

Persons: we’ll, Stanley Tucci, you’re, It’ll, Luca Zanon, Riva degli Schiavoni, Where’s, Stefano Mazzola, Luigi Brugnaro, Brugnaro, ” Organizations: CNN, intel, UNESCO, “, Piazzale Roma, Old, city’s Locations: Venice, Mestre, Murano, City

☆ Venice to experiment with entry fee, visitor cap from April 2024
▼ + stars: | 2023-11-23 | by ( Federico Maccioni | ) www.reuters.com time to read: +2 min

[1/2] Tourists walk during a new heatwave as temperatures are expected to reach 40 degrees Celsius in some cities, in Venice, Italy August 22, 2023. REUTERS/Manuel Silvestri/File Photo Acquire Licensing RightsMILAN, Nov 23 (Reuters) - Venice will start testing a daily admission fee and cap on visitor access to its famous canals from next April, in what the Italian city's mayor hailed as the world's first such scheme. "It is the first time in the world that you do something like this, you make a city bookable," Mayor Luigi Brugnaro said. Potential sanctions will range from 50 to 310 euros will be imposed on those failing to comply with the measure. The trial is estimated to cost 3 million euros against proceeds for about 700,000 euros.

Persons: Manuel Silvestri, Luigi Brugnaro, Michele Zuin, Federico Maccioni, Keith Weir Organizations: REUTERS, Visitors, Thomson Locations: Venice, Italy, Italian, Murano

☆ Berlusconi family holding adds two board seats as daughter Eleonora joins
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Eleonora Berlusconi, Barbara Berlusconi and Luigi Berlusconi react on the day of the state funeral of former Italian Prime Minister Silvio Berlusconi outside the Duomo Cathedral, in Milan, Italy June 14, 2023. The other new entry is lawyer Michele Carpinelli, an M&A expert and a long-time family adviser, the source added. In his will, Berlusconi, who died aged 86 in June, handed his eldest children, Marina and Pier Silvio, joint control of Fininvest through a combined, indirect 52% stake. Marina and Pier Silvio have been directly involved in running the family business for almost two decades. Pier Silvio, Barbara and Luigi have long been board members.

Persons: Eleonora Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Silvio Berlusconi, Claudia Greco, Berlusconi, Michele Carpinelli, Silvio, Barbara, Eleonora, Luigi, Marina Berlusconi, Berlusconi's, Mediolanum, Elvira Pollina, Keith Weir, Valentina Za Organizations: Italian, Duomo Cathedral, REUTERS, Repubblica, Marina, Mondadori, Thomson Locations: Duomo, Milan, Italy

MPS shares were down 7.8% at 2.83 euros by 1145 GMT on Tuesday, reflecting the impact of the sale. EU COMMITMENTSBofA Securities, Jefferies and UBS Europe coordinated the accelerated bookbuilding for the stake sale, the Treasury said in a statement. Commitments Italy agreed with European Union competition authorities at the time of the bailout bind Rome to eventually sell its entire stake in the bank. Two years ago heavyweight UniCredit (CRDI.MI) sank the government's privatisation efforts, forcing Rome to seek more time from the EU. The stake sale is seen as giving Italy more flexibility to pursue a long-term solution for MPS via a merger with a rival, after negotiations with UniCredit were complicated by an impending re-privatisation deadline.

Persons: Jennifer Lorenzini, Luigi Lovaglio, Giancarlo Giorgetti, Giorgia Meloni, Valentina Za, Lincoln, Richard Chang, Mark Potter Organizations: Monte, REUTERS, Treasury, MPS, BofA Securities, Jefferies, UBS Europe, European Union, Reuters, Economy, Banco, BPER Banca, EU, Thomson Locations: Monte dei, Siena, Italy, MILAN, Rome

☆ More than 200 mobsters jailed in one of Italy’s biggest mafia trials
▼ + stars: | 2023-11-20 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

Rome CNN —An Italian court has sentenced more than 200 crime gang members to a total of 2,200 years in prison, following the country’s largest mafia trial in three decades. It took the court one hour and 40 minutes to hand down its rulings, Italian news outlet Ansa reported. Among those tried were 42 women – a record for a mafia trial – of whom 39 were convicted. The trial took place in a specially-built bunker in Lamezia Temre, southern Italy, amid safety concerns. Valeria Ferraro/APThe mobsters were affiliated with Italy’s notorious ’Nrangheta crime group and were convicted of mafia association, extortion, bribery and five murders.

Persons: Rome, Rome CNN —, –, ” “, Giancarlo Pittelli, Giorgio Naselli, Michele Marinaro, Gianluca Callipo, Luigi Incarnato, Pietro Giamborino, Valeria Ferraro, Scott, Scott W, Sieben Organizations: Rome CNN, onetime Forza Italia, CNN, Italy’s, United, Italian DIA, Mafia Locations: Lamezia Terme, Temre, Italy, United States, Italian, Calabria

☆ Campi Flegrei: Next door to Vesuvius, another Italian volcano is waking up
▼ + stars: | 2023-11-09 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +13 min

The most dangerous volcanic threat in Italy right now is one you’ve probably never heard of: Campi Flegrei, or the Phlegraean Fields. The last major eruption of Campi Flegrei was in 1538, and it created a new mountain in the bay. So far in 2023 Campi Flegrei has recorded more than 3,450 earthquakes, 1,118 of which occurred in August alone. There are two hypotheses as to what could be causing the current increase in seismic activity at Campi Flegrei, according to De Natale. Vesuvius and the Campi Flegrei area.

Persons: Rome CNN —, Campi, Flegrei, Campi Flegrei, Carlo Doglioni, ”, ” Doglioni, What’s, Giuseppe De Natale, De Natale, ” De Natale, Ivan Romano, Benedetto De Vivo, ” De Vivo, Rosa Russo Iervolino, Luigi di Magistris, of Serapis, bradyseism, Christopher Kilburn, “, Stefano Carlino, ” Carlino, Salvatore Laporta, Natale, ” Natale Organizations: Rome CNN, National, of Geophysics, University of Naples, CNN, Geological Survey, Environment, volcanology, University College London Locations: Rome, Italy, Naples, Capri, Ischia, Pisciarelli, Vesuvius, Yellowstone, Long, California, Toba, Indonesia, Roman, Pozzuoli, Campi, L’Aquila, vulcanology

☆ 'Mario Wonder' latest mushroom power-up for Nintendo Switch
▼ + stars: | 2023-11-08 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

Signage for the Nintendo Switch is seen at a GameStop in Manhattan, New York, U.S., December 7, 2021. The Japanese firm said it sold 4.3 million copies of "Super Mario Bros. Wonder" - the first entirely new instalment in the almost 40-year-old side-scrolling series in a decade - within two weeks of its Oct. 20 launch. That is the best performance of any "Super Mario" title, Nintendo said, as it takes advantage of the Switch install base of more than 130 million units and interest generated by a barnstorming animated movie featuring the moustachioed plumber. The comments come a day after Nintendo reported it sold 6.84 million Switch units in the first six months of the financial year that started in April, a slight increase on the same period a year earlier. Nintendo also announced on Wednesday "Super Mario" creator Shigeru Miyamoto is developing a live action adaptation of the "Zelda" franchise.

Persons: Andrew Kelly, Mario, Shuntaro Furukawa, Zelda, Shigeru Miyamoto, Kong, Jefferies, Atul Goyal, Sam Nussey, Christopher Cushing Organizations: Nintendo, GameStop, REUTERS, Rights, Thomson Locations: Manhattan , New York, U.S, Kyoto

☆ A discovery of more than 30,000 ancient Roman coins may point the way to a hidden shipwreck
▼ + stars: | 2023-11-07 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

It turned out to be 30,000 to 50,000 ancient Roman bronze coins dating back to the 4th century. Italy's ministry of culture said it could point to a hidden shipwreck in the area. AdvertisementAdvertisementA diver made a rare discovery while exploring a seabed off the coast of Sardinia, Italy: 30,000 to 50,000 ancient Roman coins that may be evidence of a nearby hidden shipwreck more than a thousand years old. Italian Ministry of CultureThe coins are called follis, which Roman emperor Diocletian introduced in AD 294, according to The Guardian. Italian Ministry of CultureThe location of the coins might indicate that there's an ancient shipwreck hidden somewhere nearby, the Italian ministry of culture said, according to the AP.

Persons: —, Italy's, Diocletian, Luigi La Rocca, La Rocca Organizations: Service, Guardian, Italian Ministry of, CNN Locations: Italy, Sardinia, Sardinian

☆ Diver’s huge discovery of ancient coins off coast of Sardinia hints at shipwreck
▼ + stars: | 2023-11-06 | by ( Hafsa Khalil | Sharon Braithwaite | ) edition.cnn.com time to read: +2 min

The diver spotted some “metal remains” in shallow water near the town of Arzachena, the ministry said in a statement Saturday. These turned out to be “follis”—Roman bronze or copper coins also later used as Byzantine currency. Italian Ministry of CultureBased on their weight, the total number of coins in the find is estimated to be between 30,000 and 50,000, the ministry said. According to the statement, the coins date from 324 to 340 CE and were produced by mints across the Roman empire. Italian Ministry of CultureThe culture ministry said the location where the coins were found—a sandy clearing between the beach and an area of seagrass—could, theoretically, preserve a shipwreck.

Persons: Luigi La Rocca, ” La Rocca Organizations: CNN, Italian Ministry of Culture, Ministry of Locations: Sardinia, Italy, Arzachena, Seaton , United Kingdom

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