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☆ An Italian town wants to sell its abandoned homes for $1 but the owners won't let it
▼ + stars: | 2024-03-25 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

However, Patrica's mayor said people in the town aren't prepared to sell their abandoned homes. AdvertisementThe mayor of a quaint medieval Italian town wants to replicate the one-euro home initiative, inspired by the success stories of places like Mussomeli in Sicily. But according to CNN Travel, homeowners in Patrica, a town of about 3,000 people in central Italy, aren't prepared to sell their abandoned properties. The news outlet said that Lucio Fiordaliso, the mayor of Patrica, has struggled to transform the town using the offer of $1 homes, which Business Insider has covered extensively. This story is available exclusively to Business Insider subscribers.

Persons: CNN he's, Mussomeli, Patrica's, aren't, —, Lucio Fiordaliso Organizations: CNN, Service, CNN Travel, Business Locations: Patrica, Italy, Mussomeli, Sicily

☆ This Italian town is struggling to sell off its empty homes for one euro. Here’s why
▼ + stars: | 2024-03-24 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +9 min

Abandoned homesItalian village Patrica, located south of Rome, is struggling to offload its abandoned homes. Public callMany of the town's local families left in search of a brighter future elsewhere, leaving their homes empty for decades. Some of the houses are simply too neglected to sell, even if the owners were willing to agree to it. But the town’s ready-to-occupy homes, with two-bedroom properties starting at 20,000 euros ($21,832,) proved to be more appealing. “There is interest, but then when many (foreigners) actually see the bad shape of the old homes they’d prefer to opt for turn-key apartments that are already restyled or in need of just minor fixes,” says Grossi.

Persons: CNN —, Lucio Fiordaliso, who’ve, “, Fiordaliso, ”, Patrica Fiordaliso, it’s, Patrica, Gianni Valleco, ’, Valleco, Alessandra Pagliarosi, Patricia, Pagliarosi, Ilario Grossi, Fiordaliso hasn’t Organizations: CNN, ”, Local Locations: Mussomeli, Sicily, Zungoli, Campania, Rome, Italy, Patrica, Canada, Argentina, Europe, Ceccano

☆ Get Ready for the Great Trump Diaspora
▼ + stars: | 2024-03-06 | by ( Paul Starobin | ) www.businessinsider.com time to read: +10 min

The Atlantic devoted an entire issue to the authoritarian horrors in store for America "If Trump Wins." AdvertisementA second Trump presidency, Speer said, could serve as a "catalyst" that further fuels the growing diaspora of Americans living in exile. Since 2015, Democrats Abroad, the foreign-based arm of the DNC, has nearly tripled its membership. Since 2015, Democrats Abroad, the foreign-based arm of the Democratic National Committee, has nearly tripled its membership, which now numbers in the hundreds of thousands. My wife and I are both Trump decriers, although we didn't begin our Italy property search to find a refuge from MAGA-infused America.

Persons: specter, Donald Trump —, Trump, Gallup, George W, Bush's, Barack Obama's, Doris Speer, Speer, —, Roe, Wade —, Martha McDevitt, Pugh, Emily, Francophiles, Ernest Hemingway, James Baldwin —, Nicole Kidman's, MAGA, batty, it's, John Galey, Paul Starobin Organizations: Washington Post, Trump, America, Association of Americans Resident Overseas, dodgers, DNC, Democratic National Committee, Leggett, Italy Facebook, Côte, IRS, Citizens Abroad, Los Angeles Times, New Books Network Locations: Umbria, Italy, Montana, Tuscany, Texas, Tennessee, America, Canada, Washington, Paris, United States, Iraq, Europe, Vietnam, Sedona , Arizona, Portugal, Spain, France, United Kingdom, Norway, Netherlands, Hong Kong, Bangkok, Buenos Aires, Golden, California, MAGA

☆ More Americans are moving to Tuscany, where their money goes further, the pace is slower, and the wine flows freely
▼ + stars: | 2024-03-02 | by ( Jordan Pandy | Reed Alexander | ) www.businessinsider.com time to read: +14 min

More Americans are moving to Tuscany, a part of Italy known for medieval walled cities and wine. Some locals say it's keeping their economy alive, but others are starting to grumble. The influx of Americans, locals said, can be at once a booster of fortunes and an irritating imposition. "A lot of locals say that a place like Montepulciano cannot handle all those tourists because it's a small city," said Tudor, the jeweler. Americans, Ercolani said, "spend money and they appreciate the quality of the food and the wine that we have."

Persons: —, Leanne Davis, Davis, Jon Chewning, Chewning, It's, Georgette Jupe, Knight Frank, Florence ., they're, we've, Frances Mayer's, it's, Michele Capecchi, Capecchi, Erin Lewis, Lewis, Danilo Romolini, Luca Tudor, AJ Tuscany, Tudor, who's, Sam D'Avanzo, dell'Anfiteatro, Frank Bienewald, they've, lockdowns, Jupe, Bendetta, Cantina Ercolani, Ercolani Organizations: Service, Business, Associated Press, US Department of State, Italian National Institute of Statistics, away.com, Christie's, Estate, Locals, International School of Florence Locations: Tuscany, Italy, California, Romano, Sacramento, Montepulciano, Florence, Boccheggiano, Lucca, Siena, American, Europe, Rome, Venice, Chiusi, Austin , Texas, Houston , Texas, Italian, Switzerland, Albanian

☆ 700 Paintings, 45 Galleries: A Guide to the Met’s New European Wing
▼ + stars: | 2023-11-24 | by ( Jason Farago | More About Jason Farago | ) www.nytimes.com time to read: +2 min

Five years after the Metropolitan Museum of Art set off on a major renovation of its galleries for European painting, the super-prime real estate at the top of its grand staircase is open again. Down in the galleries, the Met’s designers have widened the rooms, rearranged the sightlines, shellacked the walls purple and blue. The curators have reassembled the whole painting collection for the first time since 2018, shuffled across 45 new galleries and bathed in beautifully tempered light. (When it comes to light, this New Amsterdam institution definitely leans more Dutch than Italian.) Duccio’s break-the-bank Madonna and Child, painted in Tuscany around 1300, now shares a case with Ingres’s painting of the same subject from 1852.

Persons: Beyer Blinder Belle, Truman, Bacon, Beckmann, Kerry James Marshall, You’ll Organizations: Metropolitan Museum of Art, Met Locations: New Amsterdam, Italy, France, Spain, zigzags, Tuscany

☆ ‘The Climate’s No Good’: The Hunt for White Truffles Gets Pricier
▼ + stars: | 2023-11-11 | by ( Bernhard Warner | More About Bernhard Warner | ) www.nytimes.com time to read: +1 min

For nearly three hours, their olfactory senses were on high alert for white truffles, a delicacy with soaring prices, in large part because they are under extreme threat by climate change. Gram for gram, the white truffle is one of the most expensive foods on the planet. In Italy, fresh white truffles run as high as 4,500 euros per kilogram (or nearly $2,200 per pound), according to Coldiretti, Italy’s biggest agricultural trade group. Last year, at an auction in Alba, Italy, a one-and-a-half-pound specimen fetched a record price of €184,000 (nearly $200,000). Supply constraints notwithstanding, bidders are set to converge on Alba, Italy’s truffle capital, on Sunday to do it all over again.

Persons: Primo, Scilla Locations: Amandola, Italy, Coldiretti, San Francisco, Trufflephiles, London, Dubai, Alba, Italy’s

☆ 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

☆ 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

☆ 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

☆ Jailed Italian Mafia boss Messina Denaro dies: ANSA
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +4 min

[1/2] A screengrab taken from a video shows Matteo Messina Denaro the country's most wanted mafia boss being escorted out of a Carabinieri police station after he was arrested in Palermo, Italy, January 16, 2023. Carabinieri/Handout via REUTERS/File Photo Acquire Licensing RightsROME, Sept 25 (Reuters) - Italian Mafia boss Matteo Messina Denaro, who was arrested in January after spending 30 years on the run, has died, ANSA news agency reported on Monday. Messina Denaro, 61, was suffering from cancer at the time of his arrest. The son of a mafioso, Messina Denaro was born in the southwestern Sicilian town of Castelvetrano in 1962. Despite his notoriety, prosecutors have always doubted that Messina Denaro became the Mafia "boss of bosses", saying it was more likely that he was simply the head of Cosa Nostra in western Sicily.

Persons: Matteo Messina Denaro, Messina Denaro, Denaro, ANSA, Giovanni Falcone, Paolo Borsellino, Giuseppe Di Matteo, Salvatore, Riina, turncoats, Crispian Balmer, Kanjyik Ghosh, Kim Coghill, Gerry Doyle Organizations: Carabinieri, REUTERS, Rights, Mafia, La Repubblica, Messina, Police, Cosa Nostra, Thomson Locations: Palermo, Italy, Rome, Florence, Milan, Messina, Sicilian, Castelvetrano, Sicily, Campobello

CNN —A Mafia boss who spent nearly three decades evading law enforcement before he was arrested in January has died while receiving medical treatment, according to Italian media reports. Crime was a family affair for Messina Denaro, born to a known Mafia boss in Sicily on April 26, 1962. Among those arrested in the 2009-2010 crackdown was his brother, Salvatore Messina Denaro, who refused to testify about his whereabouts. In 2013, his sister, Patrizia Messina Denaro, was sentenced to 14 years in prison, a term she is still serving, for being a member of the Mafia. Felia Allum, professor of comparative organized crime and corruption at the UK’s University of Bath, said in January that Messina Denaro was the last of an old generation of Mafia bosses.

Persons: CNN —, Matteo Messina Denaro, San Salvatore, Rai, Maurizio de Lucia, Messina Denaro, Giovanni Falcone, Paolo Borsellino, Falcone, Borsellino, Giuseppe Di Matteo, Maddalena, Bernardo Provenzano, Salvatore Messina Denaro, Patrizia Messina Denaro, Felia Allum, ” Organizations: CNN, Cosa Nostra, San, Sicilian Mafia, Cosa, Mafia, UK’s University of Bath Locations: L’Aquila, Italy, Palermo, Europe, Milan, Florence, Rome, Messina, €, Corleone, Sicily, Cosa

☆ 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

☆ Burning Man attendees are expected to 'leave no trace,' but people fleeing the mud and rain left abandoned vehicles, furniture, tents, and trash
▼ + stars: | 2023-09-07 | by ( Ed Komenda | Gabe Stern | Scott Sonner | ) www.businessinsider.com time to read: +9 min

Burning Man attendees are returning home and local businesses are having to manage leftover mess. Burning Man organizers did not immediately respond to questions from The Associated Press about how the rain will impact the cleanup timeline. Next month, teams made up of federal employees and Burning Man organizers will again conduct a site inspection. Nevada U.S. Rep. Mark Amodei, whose district includes the Black Rock Desert, said Burning Man is a positive event for the area. AdvertisementAdvertisementStill, Amodei said, Burning Man organizers have been good partners and have cleaned up after themselves in past years, as their event permit requires.

Persons: Eleonora Segreti, Jeffrey Longoria, San Francisco, Longoria, Scott Sonner, John Asselin, Asselin, Mark Amodei, Amodei, Cliff Osborne, Andy Barron, Osborne, Alexander Elmendorf, Sonner, Stern, Rio Yamat, Ken Ritter Organizations: Service, Rock City, Tahoe, Walmart, U.S . Bureau of Land Management, Burning, Associated Press, AP, BLM, Man, Sierra, Nevada U.S . Rep, America Statehouse News Initiative, America Locations: Wall, Silicon, Nev, Nevada, San Francisco, Reno , Nevada, Reno, Italy, Tacoma , Washington, Las Vegas

Political Cartoons View All 1146 ImagesEleonora Segreti, who lives in central Italy and made her second visit this year to Burning Man, left the site early Tuesday. Burning Man organizers did not immediately respond to questions from The Associated Press about how the rain will impact the cleanup timeline. Last year, after the festival’s return following a two-year hiatus due to the pandemic, the Burning Man team narrowly passed its Oct. 7 inspection. Next month, teams made up of federal employees and Burning Man organizers will again conduct a site inspection. Nevada U.S. Rep. Mark Amodei, whose district includes Black Rock Desert, said Burning Man is a positive event for the area.

Persons: Eleonora Segreti, ”, Jeffrey Longoria, San Francisco, Longoria, “, John Asselin, Asselin, Mark Amodei, Amodei, That’s, ” Amodei, Alexander Elmendorf, ___ Sonner, Stern, Rio Organizations: Rock City, Tahoe, Walmart, U.S . Bureau of Land Management, Burning, Associated Press, BLM, Man, Nevada U.S . Rep, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada, San Francisco, Reno , Nevada, Reno, Italy, Black, Tacoma, Las Vegas

☆ Amarena: Outrage as mother of biscuit-stealing bear cub shot dead in Italy
▼ + stars: | 2023-09-02 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

Rome CNN —The cold-blooded killing of a mother bear known as Amarena has angered animal rights groups and local politicians in Italy. The brown bear was shot by a local resident of San Benedetto dei Marsi just outside the national park of Abruzzo in central Italy, the park confirmed on Friday. “The park veterinarian intervened on the spot with the emergency team, who however could only ascertain the death of the bear given the seriousness of the wound,” the park said on its Facebook page. Amerana was a Marsican brown bear, an endangered species in Italy where fewer than 60 of the bears are still alive. In April, a 17-year-old bear that killed a 26-year-old jogger was sentenced to death in the northern region of Trento.

Persons: Rome, Amarena, dei Marsi, Juan Carrito, Amerana, “, Maurizio Maria Cerrato, Gilberto Pichetto, jogger Organizations: Rome CNN, CNN, Sky24, Park Authority, Ispra Locations: Italy, San, Abruzzo, Avezzano, Cufa, Trento

☆ Outrage in Italy as mother bear is shot dead, leaving cubs to fend for themselves
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] FILE PHOTO-Mother bear 'Amarena' walks in a street with her two cubs in San Sabastiano Dei Marsi, Italy, August 26, 2023, in this still image obtained from a social media video. Gemma Di Pietro via Acquire Licensing Rights Read moreROME, Sept 1 (Reuters) - The death of a mother bear shot near a national park in central Italy, leaving two cubs to fend for themselves, has drawn condemnation from animal rights groups and politicians. It was not clear why the bear was shot, but hunting bears is against the law in Italy. The National Park of Abruzzo, Lazio and Molise is home to around 50 brown bears, a species found in central Italy. The uproar over the shooting of the bear follows an argument over an incident in April when a bear killed a 26-year-old runner in northern Italy.

Persons: Amarena, dei Marsi, Gemma Di Pietro, Lav, Gilberto Pichetto Fratin, Luciano Sammarone, Angelo Bonelli, Claudia Cristoferi, Alvise Armellini, Nick Macfie Organizations: Sabastiano Dei, Facebook, Police, Environment, La Repubblica, Green Party, Thomson Locations: Sabastiano, Italy, San, ROME, Abruzzo, Lazio, Molise

"The amount of energy BEVs need is so enormous that I see a strain on our grid that ultimately it can't fulfill." Daimler Truck will invest up to 15 billion euros ($16 billion) on fuel cells over the next decade, Daum said. Symbio, which supplies fuel cells for Stellantis vans, expects global fuel cell vehicle sales to reach 2 million units annually by 2030 and wants a 10% share. Both General Motors (GM) (GM.N) and Toyota (7203.T) are testing fuel cells for larger vehicles including semi-trucks and trains to build scale and lower costs. While Volkswagen is not currently investing in fuel cells, it has hundreds of patents around the technology.

☆ Explainer: Why was the Turkey-Syria earthquake so bad?
▼ + stars: | 2023-02-06 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

[1/2] A damaged vehicle is seen on top the rubbles after an earthquake in Iskenderun, Turkey February 6, 2023. The epicentre was about 26 km east of the Turkish city of Nurdagi at a depth of about 18 km on the East Anatolian Fault. During the 20th century, the East Anatolian Fault yielded little major seismic activity. But in 1822, a 7.0 quake hit the region, killing an estimated 20,000 people. The East Anatolian Fault is a strike-slip fault.

☆ Major deadly earthquakes in the past two decades
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +4 min

White Helmets/via REUTERSFeb 6 (Reuters) - Some of the world's most deadly earthquakes in the past two decades are listed below, after a 7.8 magnitude quake struck central Turkey and northwest Syria on Monday and killed hundreds of people. - Aug. 14, 2021 - HAITI - A 7.2 magnitude earthquake struck southern Haiti, killing more than 2,200 people and destroying or damaging about 13,000 homes. - April 16, 2016 - ECUADOR - A magnitude 7.8 earthquake hammered Ecuador, killing more than 650 people on the country’s Pacific coast. - Sept 24, 2013 - PAKISTAN - Twin earthquakes, measuring 7.7 and 6.8 magnitude, rattled southwestern Balochistan province, killing at least 825 people. - May 12, 2008 - CHINA - A 7.8 magnitude earthquake hit Sichuan province, killing about 87,600 people.

☆ Factbox: How top Mafia boss Messina Denaro escaped justice for 30 years
▼ + stars: | 2023-01-18 | by ( Alvise Armellini | ) www.reuters.com time to read: +4 min

ROME, Jan 18 (Reuters) - Matteo Messina Denaro, a brutal Sicilian Mafia boss who was Italy's most wanted criminal before his capture on Monday, had been on the run for 30 years. Messina Denaro, 60, was the last runaway member of a generation of mobsters who masterminded a string of bombings and murders that terrorised Italy in the early 1990s. Nobody knows for sure, but there have long been suspicions that Messina Denaro had his back covered by politicians and other establishment connections. Crime writer Roberto Saviano has pointed out that a former junior justice minister, Antonio D'Ali, has been convicted for collusion with the Messina Denaro family. Messina Denaro was eventually caught outside a clinic in Palermo after police discovered he was sick with cancer.

☆ Mafia boss Messina Denaro held in top security Italian prison
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

[1/4] A general view shows the prison where Italy's most wanted mafia boss Matteo Messina Denaro is detained, in L'Aquila, Italy, January 18, 2023. REUTERS/Gabriele PileriL'AQUILA, Italy, Jan 18 (Reuters) - Mafia boss Matteo Messina Denaro was being held on Wednesday in a high-security jail in central Italy, subject to special restrictions applied to the country's most dangerous prisoners. "I've no criminal record," Messina Denaro, who was caught on Monday after 30 years on the run, told prison guards when he was admitted to the Costarelle prison close to the city of L'Aquila, Italian media reported. Police on Tuesday found the apartment where they believe Messina Denaro had been living for the past few months under the assumed name of Andrea Bonafede. Prosecutors say Messina Denaro was one of the leading figures in Cosa Nostra but preferred to remain in his own region and was not the "boss of bosses" like the late Salvatore "Toto" Riina.

☆ ECB sets capital requirements for Monte dei Paschi for 2023, removes dividend ban
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The entrance of the Monte dei Paschi bank headquarters is seen in Siena, central Italy, January 29, 2016. REUTERS/Max RossiMILAN, Dec 27 (Reuters) - The European Central Bank has set the minimum capital requirements for Banca Monte dei Paschi di Siena (MPS) (BMPS.MI) for next year and also removed a ban on the distribution of dividends, the lender said in a statement on Tuesday. The ECB told Monte dei Paschi it must maintain a Common Equity Tier 1 ratio - a measure of financial strength - of at least 8.8%, the statement added. The lender raised 2.5 billion euros ($2.6 billion) in cash in November, braving stormy markets with a new share issue. After a failed re-privatisation attempt last year, Monte dei Paschi is working to improve its appeal for a potential buyer under new CEO Luigi Lovaglio so as to allow the state to cut its 64% stake in a merger deal with a stronger rival.

☆ Scrooge Christmas averted as new tree found for Vatican
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] People gather for the lightning of the Vatican Christmas tree during a ceremony in St. Peter's Square, with protocols in place due to the coronavirus disease (COVID-19), at the Vatican, December 11, 2020. REUTERS/Guglielmo Mangiapane/File PhotoVATICAN CITY, Nov 15 (Reuters) - It could have been a not so merry Christmas for the Vatican this year. Rosello has trees but apparently not as majestic. Forest officials saved the day, offering to give Rosello a tree from their property in another part of the Abruzzo mountains so that the town can donate it to the pope. "It will be a happy Christmas after all," Col. Gianluca Grossi of the area's forest police told Reuters.

☆ 'Tsunami'-like floodwaters kill at least 10 in Italy as people climb trees to find safety
▼ + stars: | 2022-09-16 | by ( Associated Press | ) www.nbcnews.com time to read: 1 min

Floodwaters triggered by heavy rainfall have swept through several towns in a hilly region of central Italy, leaving 10 people dead and at least four missing, authorities said. Dozens of survivors scrambled onto rooftops or up trees to await rescue. “It wasn’t a water bomb, it was a tsunami,” Riccardo Pasqualini, the mayor of Barbara, told Italian state radio of the sudden downpour on Thursday evening that devastated his town in the Marche region, near the Adriatic Sea. He said the flooding left the 1,300 residents of Barbara without drinking water and had impacted phone services. A mother and her young daughter were missing after trying to escape the floodwaters, the mayor told Italian news agency ANSA.

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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