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☆ She missed her flight to extend her Italy vacation romance. Here’s what happened next
▼ + stars: | 2024-03-01 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

Bianca was in the harbor of Riomaggiore, the southernmost of the five picturesque fishing villages that make up the Italian Cinque Terre region. “Then, three days before I was leaving to go home, my friend said, ‘Let’s go to the Cinque Terre. After three days with Alessandro, Bianca didn’t want to leave, but she figured she had no choice. She fed me, of course.”Alessandro also took Bianca on the back of his scooter for hilltop rides around the Cinque Terre. The couple would take their daughter along too, and spend time with their Italian family.

Persons: Bianca Gignac, Bianca, ” Bianca, It’s, she’d, Florence –, “, ”, ‘ Let’s, ’, Alessandro Morelli, ” Alessandro, –, Alessandro, I’d, Bianca –, Artie, “ I’m, skeptically, let’s, She’d, Bianca Gignac Bianca, Bianca didn’t, “ Bianca, don’t, Paola, ‘ I’m, they’d, “ I’ve, I’m, ’ ” Bianca, Riomaggiore –, Alessandro’s, Italy Bianca, ” “ Patience, Bianca’s, ’ ”, Stefano Butturini Bianca, – we’re, ‘ Don’t, we’ve, “ She’s, Italy –, “ It’s, we’re Organizations: CNN, CNN Travel, Italian Cultural Institute of Vancouver, Terre, La Spezia, Getty Locations: Riomaggiore, Italian, Terre, Canadian, Italy, Europe, Florence, La, Cinque Terre, Rome, Canada, Terre wasn’t, La Spezia, Vancouver, Bianca’s, Costa Rica, Bianca

☆ How empty office space became the new bogeyman on Wall Street
▼ + stars: | 2024-02-09 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

And yet Wall Street is suddenly freaking out about bad real estate loans and empty office buildings. One regional lender — New York Community Bancorp — has seen its stock price implode and its credit rating slashed to junk in part because of its exposure to bad office loans. Japan’s Aozora Bank startled investors by blaming bad loans linked to US offices for a projected loss. That’s a major problem for an industry like real estate known for piling on debt. Importantly, Zandi said these bank failures will be limited to smaller lenders — the ones sitting on suddenly shaky office loans.

Persons: —, ” they’re, It’s, ”, Ed Mills, Raymond James, gameplan, Paul Volcker, That’s, Spencer Platt, ” Alessandro DiNello, NYCB, Powell, Janet Yellen, Jerome Powell, “, ” Mills, Mark Zandi, ” Zandi, Zandi, ” Banks Organizations: New, New York CNN, —, York Community Bancorp, Japan’s, Bank, Federal Reserve, Fed, Regulators, New York Community Bancorp, York Community Bank, Getty, Moody’s, CNN Locations: New York, sweatpants, Washington, Brooklyn, New York City

☆ New York Community Bank stock drops even after lender says deposits increased
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The bank announced earlier on Wednesday that it had appointed DiNello, formerly the president of Flagstar Bank, to the position effective immediately. The bank holds total deposits of approximately $83 billion, the lender said in a statement Tuesday evening. US banks hold about $2.7 trillion in commercial real estate loans. But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. The increase was driven partly by expected losses on commercial real estate loans, it said.

Persons: ” Alessandro DiNello, DiNello, NYCB, ”, weren’t, Fitch, Thomas Cangemi, ” DiNello, Goldman Sachs, Moody’s, Neel Kashkari, ” Kashkari, he’s, Janet Yellen, “, Yellen, “ I’m, ” Yellen Organizations: New, New York CNN —, New York Community Bancorp, Moody’s Investors Service, Flagstar Bank, Bank, Moody’s, JPMorgan, Signature Bank, Silicon Valley, Regulators, Federal, Community Bancorp, CNBC, Financial Locations: New York, Flagstar, New, Minneapolis

BARI, Italy (AP) — The year has gotten off to a slow start for a rescue ship that typically plies the Mediterranean Sea looking for migrants and refugees in distress. Italian maritime authorities now routinely assign privately operated rescue ships to ports in central and northern Italy, hundreds of miles and several days of navigation away from where they find boats in trouble. Political Cartoons View All 253 ImagesTo date, 13 or 14 charity-run rescue ships have been impounded for various violations. But she said the presence of charity-run ships in the Mediterranean must be limited and strictly regulated. Charity ships rescue only around 8% of the asylum-seekers who reach Italy, down from a peak of 41% in 2017.

Persons: Premier Giorgia Meloni, Alessandro Porro, ” Mary Finn, ” Sara Kelany, ”, Meloni, Enrico Mattei, haven't, Edi Rama Organizations: SOS Mediterranee, Premier, Authorities, SOS, Meloni’s Brothers, International Organization for Migration, ENI, Constitutional, Edi Locations: BARI, Italy, Europe, North Africa, Bari, Italian, Lampedusa, Africa, Tunisia, Albania, Balkan

☆ The planet's coldest, saltiest ocean waters are heating up and shrinking, new report finds
▼ + stars: | 2023-06-12 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Deep ocean water in the Antarctic is heating up and shrinking, with potentially far-reaching consequences for climate change and deep ocean ecosystems, according to a report. They also found that ocean waters deeper than 2,000 meters (6,600 feet) have warmed four times faster than the rest of the global ocean. They are a vital part of global ocean circulation, transporting human-caused carbon pollution into the deep ocean where it remains for centuries, said Silvano. If this deep circulation weakens, “less carbon can be absorbed by the deep ocean, limiting the ability of the ocean to mitigate global warming,” Silvano told CNN. This cold, dense water also has a vital role in supplying oxygen to deep ocean waters.

Persons: Povl, ” Alessandro Silvano, ” Silvano, ”, Holly Ayres, ” Ayres, Zhou Organizations: CNN, British Antarctic Survey, Weddell, University of Southampton, Reading University Locations: Weddell, Antarctica

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