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"He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a recent rally in Buenos Aires province in support of the candidate. Those working with his campaign say it is his authenticity that has made him so successful, especially with two-fifths of the population in poverty and looking for a new voice. "You can like him or not, but he is himself," said Fernando Cerimedo, a political consultant who works on Milei's campaign. Many Milei voters say they are willing to take the risk. At the end of the month, you see how they count pennies and cry," said Milei voter Valentina Brites, 18.

Persons: Javier Milei, Agustin Marcarian, Juan Luis Gonzalez, Gonzalez, Milei, Donald Trump, Beppe Grillo, Ayrton Ortiz, Sergio Massa, Patricia Bullrich, MURRAY, MILTON, ROBERT AND LUCAS Milei, Karina, Conan, Murray, Milton, Robert, Lucas, Milton Friedman, Eduardo Eurnekian, Fernando Cerimedo, Fernando Morra, Valentina Brites, Javier, Anna, Catherine Brigida, Eliana Raszewksi, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Argentine, La Libertad Avanza, REUTERS, American, Peronist, Forces, Libertad Avanza, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Candelaria

☆ US decision to send long-range missiles to Kyiv a grave mistake - Russia's envoy
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

Armoured vehicles move during "Noble Blueprint 2023" military exercise at Novo Selo military grounds, Bulgaria, September 26, 2023. Ukraine's President Volodymyr Zelenskiy also confirmed his forces used the ATACMS after his military reported on Tuesday striking two air bases in Ukrainian territory now controlled by Russia. Ukraine had repeatedly asked the U.S. administration for the ATACMS and pledged not to use inside Russia's territory. The Kremlin has said U.S. supplies of ATACMS missiles and Abrams tanks to Ukraine would not change the situation on the battlefield. Reporting by Lidia Kelly in Melbourne; Editing by Christopher Cushing and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Anatoly Antonov, Volodymyr Zelenskiy, Antonov, Lidia Kelly, Christopher Cushing Organizations: NATO, Army Tactical Missile Systems, White House, Ukrainian Special Forces, Thomson Locations: Novo Selo, Bulgaria, Greece, Montenegro, North Macedonia, Turkey, Albania, U.S, Ukraine, ATACMS, Russia, Luhansk, Ukraine's, Berdiansk, Azov, Washington, United States, Melbourne, Lincoln

☆ Nexi shares fail to open on bid report as CVC declines to comment
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

Bloomberg reported on Tuesday that CVC was in the early stages of considering a possible bid for Nexi, Europe's largest payments company by volume of transactions. Nexi shares have lost 22% this year, adding to a 47% drop in 2022 and stoking speculation about potential takeover interest. By 0730 shares in Nexi were indicated up 16.7% at 6.72 euros a share, not far from a record low of 5.25 euros a share hit earlier this month. The presence of shareholder funds which will eventually need to liquidate their investment and the depressed share price have fuelled persistent speculation about Nexi's future. The government has powers to block any unwanted interest over a company such as Nexi, considered of strategic national interest.

Persons: Alessandro Garofalo, Friedman, Bain, Elisa Anzolin, Giancarlo Navach, Valentina Za, Cristina Carlevaro, Gavin Jones Organizations: REUTERS, CVC Capital Partners, Bloomberg, Nexi, Nets, Thomson Locations: Milan, Italy, Nexi

Political Cartoons View All 1211 ImagesThe first woman to be Italy's premier, Meloni "won out against Salvini and Berlusconi. Fears for Italy's democracy have proved to be “exaggerated,’’ said Franco, who noted that Italy's president serves as a guarantor of the republic's post-war constitution. Meloni contends the rulings support a long-held belief on the political right that Italy’s magistrates sympathize with the left. Since becoming premier, Meloni has topped surveys of eligible voters, hovering near 30% — compared to the 26% of votes her party garnered in the 2022 election. Currently, Italy's president asks someone likely able to command a parliamentary majority the task of forming a government.

Persons: Giorgia Meloni, —, Matteo Salvini, Silvio Berlusconi, Vladimir Putin, Meloni, Salvini, Berlusconi, Massimo Franco, ”, Tommaso Grossi, Ursula von der Leyen —, Joe Biden, ’ ’, Franco, it’s, ” Meloni, Von der Leyen, ″, Roberto Calderoli, Antonio Tajani, Tajani, Meloni’s, “, ″ Grossi, nostalgists, Benito Mussolini, Di Segni, Mussolini, Raf Casert Organizations: ROME, Union, European Commission, EU, Kyiv, Russia’s, Forza Italia, European Policy, White, Italian Rai, European Union, “, Union of Italian, Nazi, Associated Locations: Italy’s, Europe, Italy, Brussels, Rome, Hungary, Poland, Meloni, Ukraine, Lampedusa, Libyan, Tunisia, Italian, Israel, Nazi

☆ Brussels attacker arrived in Italy's Lampedusa in 2011 - sources
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

A member of Belgium soccer team boards a bus at King Baudouin Stadium after play was suspended after a shooting in Brussels, Belgium, October 17, 2023 REUTERS/Yves Herman Acquire Licensing RightsROME, Oct 17 (Reuters) - The Tunisian man suspected of shooting dead two Swedish football fans in Brussels arrived in Italy's Lampedusa island in 2011, two Italian government and security sources said on Tuesday, confirming a report by the ANSA news agency. The suspect spent some time in Italy before moving to Sweden, but was expelled from there under the EU's "Dublin" rules and returned to Italy, one of the sources said. Italian authorities lost track of him some time in 2016 and presumed he had again moved abroad, the source added. In Brussels, Belgian Justice Minister Vincent Van Quickenborne said his country had received an unconfirmed report in 2016 from a foreign police service indicating that the suspected attacker had a "radicalised profile" and wanted to go to a war zone to wage jihad. Reporting by Angelo Amante and Alvise Armellini, editing by Cristina Carlevaro and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman Acquire, radicalisation, Vincent Van Quickenborne, Angelo Amante, Alvise, Cristina Carlevaro, Alex Richardson Organizations: Belgium soccer, King Baudouin, Rights, Belgian, Thomson Locations: Belgium, Brussels, Swedish, Italy's Lampedusa, Italy, Sweden, Dublin, Bologna

☆ Italy's Ponza island and its cave homes are drawing Americans to live in them
▼ + stars: | 2023-10-16 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +8 min

Attilio Avellino – one of his nine children, and born on Ponza – joined his father in the Big Apple in 1946. But now, after decades in the US, their descendants are back on the island – living inside their old casa grotta (cave home), which they’ve renovated to a modern standard. Homes sculpted from the rockBrigida Avellino and Loredana Romano have swapped the US for their ancestral 'cave home' on Ponza. Loredana RomanoBrigida Avellino, 70 – Attilio’s daughter – lives with her daughter Loredana Romano, 44, in one of Ponza’s most beautiful cave homes. Ponza, on the other hand, is a small island which makes Romano feel safer.

Persons: we’ll, Stanley Tucci, CNN —, they’ve, Luigi Avellino, Ponza, Attilio Avellino –, Ponza –, Loredana Romano, Loredana Romano Brigida, –, ” Romano, Attilio Avellino, Loredana Romano Avellino, I’ve, ”, Avellino, “, Romano, Silverio, Loredana, she’s, She’s, wasn’t, Romano –, Brigida Avellino, there’s, we’re Organizations: CNN, intel, Big Apple, Avellino, Loredana Romano Brigida Avellino, CNN Travel, Ponza, Apple, Alamy Locations: Rome, Ponza, Naples, New York, Loredana, Avellino, York City, Le Forna, Florida, Ponza’s, Italian

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

☆ Bargain hunters dig in to 'cheap' European banks
▼ + stars: | 2023-10-16 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

Just before earnings season kicks off, European bank shares are sporting a dividend yield of almost 8%, making them cheaper on this basis than during the 2008 global financial crisis. European banks, which struggled during 2014 to 2022 as the ECB kept rates below zero, have had a major boost from hiking their loan costs in line with central bank rates. Analyst forecasts collated by European asset manager Amundi show European banks are expected to grow adjusted earnings per share by 25% this year, followed by a 6% gain in 2024. Generali's Morganti said he has moved his position on European banks from negative to neutral and was likely to add more. He did not forecast quick gains for European banks ahead, however.

Persons: Guy de Blonay, Sebastiano Pirro, Roger Lee, Amundi, LSEG, Michele Morganti, Italy's Unicredit, Banks, Pirro, Generali's Morganti, Naomi Rovnick, Joice Alves, Dhara Ranasinghe, Hugh Lawson Organizations: Reuters Graphics Banks, Jupiter Asset Management, Algebris Investments, European Central Bank, Reuters, ECB, Bank, Generali Investments, Monetary Fund, Thomson

The budget bill will then go to parliament, which must pass it by the end of the year. Investors have been demanding a higher premium to hold Italian government bonds since Rome last month raised its budget deficit targets for the 2023-2025 period, setting it up for a possible clash with the European Commission. AGEING POPULATIONNext year people earning up to 28,000 euros per year will pay income tax (known as IRPEF) at 23%, according to the officials. Meloni also aims to earmark at least 1 billion euros for measures, which have yet to be detailed, aimed at addressing Italy's demographic crisis. The scheme could increase tax revenues in Italy by between 2 and 3 billion euros, one official said.

Persons: Giorgia, Giancarlo Giorgetti, DBRS, Fitch, Moody's, Meloni, Giuseppe Fonte, Keith Weir Organizations: Treasury, European Commission, P, Thomson Locations: ROME, Rome, Ukraine, Italy

☆ 2026 Milano-Cortina sliding events to be held outside Italy: organisers
▼ + stars: | 2023-10-16 | by ( Sudipto Ganguly | ) www.reuters.com time to read: +3 min

The sliding centre hosts the bobsleigh, luge and skeleton competitions during the Games and Italy's plan to reconstruct a sliding centre where an old, defunct venue existed had hit obstacles from the very start of preparations. To not go ahead with a sliding centre and move the sliding competition to an already existing and working venue. "It's the Olympic Games, so there's a lot of implications. It's not just renting a sliding centre and go and take the competition. Hong Kong, which returned to China in 1997 but still has its own separate National Olympic Committee, hosted the equestrian events of the 2008 Beijing Olympics.

Persons: Giovanni Malago, Denis Balibouse, Malago, it's, Andrea Varnier, It's, Sudipto Ganguly, Karolos, Karolos Grohmann, Peter Rutherford Organizations: National Olympic Committee, Milano, Cortina, Games, REUTERS, Rights, International Olympic Committee, Olympic Games, Olympic Committee, IOC, Thomson Locations: Lausanne, Switzerland, Rights MUMBAI, Italy, Austria, Germany, France, Stockholm, Melbourne, Australia, Hong Kong, China, Beijing

☆ Berardi helps Italy thrash Malta, Hungary, Denmark also win on road to Euros
▼ + stars: | 2023-10-14 | by ( Tommy Lund | ) www.reuters.com time to read: +3 min

Italy's win leaves them in second place ahead on goal difference of Ukraine, who won 2-0 against North Macedonia. Both teams have 10 points but Italy have a match in hand on all their group rivals except England, who top the group with 13 points. Hungary remain top of Group G after beating second-placed Serbia 2-1, with all the goals coming in the first half. Hungary have 13 points, three points above Serbia with a game in hand. They are level on 16 points with second-placed Denmark, who won 3-1 at home to Kazakhstan.

Persons: Domenico Berardi, Luciano Spalletti's, Ciro, Lorenzo Pellegrini, Mateo Retegui, Federico Chiesa, Sandro Tonali, Nicolo Zaniolo, Italy's, Giacomo Bonaventura, Bonaventura, Davide Frattesi, Spalletti, Gareth Southgate's, Benjamin Sesko, Erik Janza, Tommy Lund, Anita Kobylinska, Ken Ferris Organizations: Malta, Italy, Stadio San Nicola, North, Sky Sports, RAI Sport, England, Wembley, H, Slovenia, Thomson Locations: Italy, Hungary, Germany Slovenia, Denmark, England, Slovenia, Bari, Malta, Germany, Turin, Ukraine, North Macedonia, ENGLAND, Serbia, Lithuania, Finland, Kazakhstan, Gdansk

No decision on a ground offensive has been announced, although Israel has been massing troops along the Gaza border 3. Israeli military spokesman Read Adm. Daniel Hagari said Saturday Israel had so far identified 126 captives. GERMANY TO START EVACUATING CITIZENS FROM ISRAELBERLIN — The German army will start evacuating its citizens from Israel with military airplanes. Hezbollah said its fighters struck several Israeli military positions in the disputed Chebaa Farms and Kfar Chouba hills in the afternoon. ISRAELI MILITARY ANNOUNCES IT IS PREPARED FOR ‘COORDINATED’ OFFENSIVEJERUSALEM — The Israeli military says it has prepared a “coordinated” offensive in the Gaza Strip involving air, ground and naval forces.

Persons: Israel, Lloyd Austin, “, Israel —, ”, Yifat Zailer, Zailer, Read, Daniel Hagari, Hezbollah’s, Ali Youssef Alaaeddine, Alaaeddine, ERDOGAN'S, Recep Tayyip Erdogan, Bilal Erdogan, Suleyman Soylu, Mustafa Sentop, ” Erdogan, Sentop, Khalil Hachem, Rabad Akoum, ” Israel, Ismail Haniyeh, ” Haniyeh, Haniyeh, Mohammad Abu Selim, Medhat Abbas, Hakan Fidan, Sameh Shoukry, IT'S, ROME —, “ We’ve, Antonio Tajani, Tajani, —, ” Tajani, TT, Tobias Billström, Elina Valtonen, Hossein Amirabdollahian, Saleh Arouri, Ziad Nakhaleh, Amirabdollahian Organizations: United Nations, Gaza, United States Defense, TEL, ISRAEL BERLIN —, Hamas, Lufthansa, BEIRUT —, Associated Press, AP, Ministry, Sunday, South, MEDIA, BEIRUT, National News Agency, OFFICIAL, EGYPT BEIRUT —, OF, Gaza —, Shifa, Health Ministry, FROM, Romania — Romania’s Ministry of Foreign Affairs, Israel, NORDIC, FROM ISRAEL HELSINKI, Nordic, Helsinki Airport, Iran’s, Manar, Islamic, Hezbollah Locations: Gaza City, Israel, Gaza, Egypt, Israeli, Lebanon, ISRAEL, SYRIA, TEL AVIV, Syria, Golan, GERMANY, Germany, Jordan, BEIRUT, Palestinian, ISTANBUL ISTANBUL, Istanbul, United States, Tel Aviv, Dubai, South, Lebanese, Chebaa, Kfar Chouba, JERUSALEM, EGYPT BEIRUT, GAZA, Shifa, FROM ISRAEL, TURKEY, ISTANBUL, Turkish, Embassy, Turkey, BUCHAREST, Romania, Romanian Embassy, ITALY, ROME, Italian, Rome, FINNS, Finland, Sweden, Helsinki, Stockholm, Swedish, Stockholm’s Arlanda, Beirut, Hezbollah’s, Amirabdollahian, Iran, Iraq, Jihad

☆ Italy not tied to any deadline to exit Monte Paschi, FinMin says
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

View of the entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. REUTERS/Jennifer Lorenzini/File Photo Acquire Licensing RightsMARRAKECH, Oct 13 (Reuters) - Italy will exit bailed-out bank Monte dei Paschi di Siena (MPS) (BMPS.MI) when market conditions are appropriate as it is not tied to any deadline, Economy Minister Giancarlo Giorgetti said on Friday. After a failed attempt to sell the bank to UniCredit (CRDI.MI) in 2021, Italy agreed with Brussels new privatisation terms that were never fully disclosed. Both Giorgetti and Prime Minister Giorgia Meloni have said that the government would try to boost competition among banks with the privatisation of MPS. ($1 = 0.9499 euros)Reporting by Elisa Martinuzzi, writing by Giuseppe Fonte, editing by Jane Merriman and Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Jennifer Lorenzini, Giancarlo Giorgetti, Giorgetti, Giorgia Meloni, Meloni, Elisa Martinuzzi, Giuseppe Fonte, Jane Merriman, Gavin Jones Organizations: Monte, REUTERS, Rights, European Union, World Bank, International Monetary Fund, MPS, Banco, Treasury, Thomson Locations: Monte dei, Siena, Italy, Rights MARRAKECH, Rome, UniCredit, Brussels, Marrakech

Research shows women in richer economies are more likely to have children if they work. Prime Minister Giorgia Meloni - Italy's first female premier - has said women are "an untapped resource" that lessens the need for immigrant labour. Yet her conservative government's 2024 budget, to be presented on Monday, is not expected to include measures to drive change. According to a government report relating to 2021, nearly one in five Italian women aged under 50 left their job after having their first child. SPANISH SUCCESSMeloni's government could learn from Spain, whose female activity rate lagged Italy's in the early 1990s but is now above the EU average.

Persons: Guzzo, Vittoria, Claudia Greco, Elena, Claudia Goldin, Giorgia Meloni, Claudia Olivetti, Enza Guzzo, Gian Carlo Blangiardo, Blangiardo, Giancarlo Giorgetti, Olivetti, Paola Profeta, Katharine Neiss, Valentina Za, Elisa Anzolin, Giuseppe Fonte, Catherine Evans Organizations: REUTERS, European Union, Reuters, Research, Dartmouth College, ISTAT, Bank of, EU, France's, Milan's Bocconi University, AXA Research, Treasury, Thomson Locations: Arese, Italy, MILAN, Bank of Italy, Rome, Barcelona, Spain, Milan

☆ IMF's chief economist urges Italy to toughen budget plans -media
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsROME, Oct 12 (Reuters) - The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund "a bit worried", its chief economist, Pierre-Olivier Gourinchas, said in a newspaper interview on Thursday. Gourinchas told the Corriere della Sera daily that Italy's structural deficit, net of interest spending, was not seen as falling fast enough. The IMF was "a bit worried" by planned tax cuts that "don't necessarily seem to go in the right direction", he added. It would be "desirable" if Prime Minister Giorgia Meloni's government revised its fiscal plans to make them more stringent before they are approved by parliament, he said. Over the next month Italy's budget faces scrutiny from credit ratings agencies, with S&P Global, DBRS, Fitch and Moody's all reviewing their assessment of the euro zone's third largest economy.

Persons: Pierre, Olivier Gourinchas, Susana Vera, Gourinchas, Giorgia, DBRS, Fitch, Moody's, Gavin Jones, Clarence Fernandez Organizations: Research Department IMF, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Monetary Fund, della Sera, IMF, P, Thomson Locations: Marrakech, Morocco, Italy, Rome

Member of the ECB governing council and Governor of the Bank of Greece, Yannis Stournaras talks during an interview with Reuters in Athens, Greece, October 11, 2023. In the interview, Greece's central bank governor also warned about the risk of stagflation from a prolonged war in the Middle East and spoke against increasing the amount of reserves that banks must hold. He countered calls by some of his colleagues for an early end to the ECB's last surviving bond-buying scheme, saying the central bank may need that firepower in a geopolitical environment fraught with risks. The ECB all but stopped buying bonds last year after a sudden surge in inflation forced it to unwind a decade of stimulus policies. "For the moment I see no reason why we should tighten monetary policy now because increasing the minimum requirements will imply monetary policy tightening," Stournaras said.

Persons: Yannis Stournaras, Louisa Gouliamaki, Rome, ECB policymaker Yannis Stournaras, Stournaras, Francesco Canepa, Mark Potter Organizations: Bank of Greece, Reuters, REUTERS, European Central Bank, ECB policymaker, ECB, Investors, European Commission, Thomson Locations: Athens, Greece, ATHENS, Israel, Palestine, Italy, Rome

☆ Southern Italians stick with student life as jobs hard to find
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - Southern Italians are studying more and for longer as a shortage of jobs forces many to either stay in school or relocate, a report by national statistics bureau ISTAT showed on Thursday. "The lack of stable and good quality job opportunities in the Mezzogiorno is nothing new, but the situation among "millennials" is getting worse", ISTAT said. "The current youth of the Mezzogiorno face a longer and more complicated journey towards adulthood," it added. "It is a paradox, but in the medium-long term, this could fuel a further deprivation of human capital with advanced skills, which is indispensable for the Mezzogiorno", ISTAT said. Southern youths are dissatisfied with their economic situation and almost three quarters of them still live with their parents.

Persons: Alessandro Parodi, Keith Weir Organizations: ISTAT, Thomson Locations: Southern, Sicily, Sardinia, Italy

☆ US solar company Suniva to restart idled factory thanks to Biden climate law
▼ + stars: | 2023-10-11 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

The company is the latest to commit to new U.S. solar production capacity since passage last year of the Inflation Reduction Act (IRA), which subsidizes domestic manufacturing of clean energy equipment. "Solar cells can succeed in this market. Suniva will begin producing solar cells, the building blocks of solar panels, at its Norcross, Georgia, facility in the spring of next year, the company said. OIC also committed capital this year to Canadian solar manufacturer Heliene for a new U.S. cell and panel factory in Minnesota. But he credits subsidies contained in the IRA for finally enabling Suniva to produce solar cells again.

Persons: Joe Biden, Brian Snyder, Joe Biden's, Matt, Suniva, Card, Trump, Biden, Suniva's Card, John Podesta, Bidenomics, Nichola, Marguerita Choy Organizations: Democratic, Plymouth Area Renewable Energy Initiative, REUTERS, Reuters, Orion Infrastructure Capital, Lion, White House, Thomson Locations: Plymouth, Plymouth , New Hampshire, U.S, Georgia, China, Norcross , Georgia, New York, Minnesota, Lion Point, America, KS

☆ Top Italy court confirms acquittals in Monte dei Paschi derivatives case
▼ + stars: | 2023-10-11 | by ( Marco Carta | ) www.reuters.com time to read: +2 min

View of the entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. Among the 15 defendants cleared by Italy's Supreme Court of Cassation were former MPS Chairman Giuseppe Mussari and its former Managing Director Antonio Vigni and Deutsche (DBKGn.DE) and Nomura (8604.T). The appeals court cancelled seizures imposed on Deutsche Bank and Nomura Holdings Inc (8604.T) for 64.9 million and 88 million euros, respectively. The case centred on two derivatives transactions — dubbed Alexandria and Santorini — that Nomura and Deutsche Bank arranged for MPS in 2009. MPS, the world's oldest bank still in business and Italy's fifth biggest listed lender, had reached a court settlement in 2016 in the derivatives case at a cost of 10.6 million euros.

Persons: Jennifer Lorenzini, Siena, Giuseppe Mussari, Antonio Vigni, Nomura, Marco Carta, Keith Weir, Valentina Za Organizations: Monte, REUTERS, Rights, Monte dei, Deutsche Bank, Nomura, Italy's, Cassation, Deutsche, Nomura Holdings Inc, MPS, Prosecutors, Thomson Locations: Monte dei, Siena, Italy, Milan, Alexandria

☆ WTA roundup: Zheng Qinwen advances at Zhengzhou Open
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

She will face Ukraine's Anhelina Kalinina, who posted a 7-5, 6-1 victory over Russian qualifier Vera Zvonareva. Hana Bank Korea OpenBelgium's Yanina Wickmayer seized a 6-3, 7-6 (6) victory over third-seeded Ekaterina Alexandrova of Russia to move on to the quarterfinals in Seoul. Wickmayer will meet Russian Polina Kudermetova, who breezed to a 6-3, 6-1 win over Kathinka von Deichmann of Liechenstein. Fifth-seeded Anna Blinkova of Russia coasted to a 6-1, 6-3 win over Australian Priscilla Hon to advance to the third round. Third-seeded Elise Mertens of Belgium had little difficulty in her 6-1, 6-4 victory over Australian qualifier Daria Saville.

Persons: China's, Zheng, China's Zhu Lin REUTERS, Kim Kyung, Zheng Qinwen, Maria Sakkari, Sakkari, Kalinina, Vera Zvonareva, Italy's Jasmine Paolini, Caroline Garcia of, Ukraine's, Tsurenko, Donna Vekic, Wickmayer, Ekaterina Alexandrova, Kudermetova, Kathinka von Deichmann, Claire Liu, Arantxa Rus, China's Yuan Yue, Slovenia's Kaja Juvan, Beatriz Haddad Maia, Anna Blinkova, Russia coasted, Priscilla Hon, Elise Mertens, Daria Saville Organizations: Tennis Centre, Russian, Caroline Garcia of France, Hana Bank, Hong, Belarus, Thomson Locations: Hangzhou, China, Greece, Zhengzhou, Croatia, Hana Bank Korea, Russia, Seoul, Wickmayer, Arantxa, Netherland, Hong Kong, Brazil, Belgium

☆ Soccer Serie A looks at media platform as right sale faces stalemate
▼ + stars: | 2023-10-11 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

MILAN, Oct 11 (Reuters) - Italy's top flight soccer league Serie A is pressing ahead with plans to launch its own media operations with the support of financial investors as a sale process of domestic broadcasting licences struggles to gain traction, club and league officials said. The creation of a media platform to distribute Serie A matches to other TV outlets as well as the launch of a league-run live video streaming subscription service have been repeatedly floated in recent years. The launch of a TV streaming service platform to broadcast matches would a first for any major soccer league in Europe. The 20 clubs may also decide to use the league's streaming platform to screen only some of the matches, awarding part of the rights to the established broadcasters. TV rights are a key source of revenue for Serie A clubs such as this year's champions Napoli, Juventus (JUVE.MI) and Milanese clubs AC Milan and Inter.

Persons: Elvira Pollina, Keith Weir Organizations: MILAN, Serie, Sky Italia, Napoli, Juventus, Milanese, AC Milan, Inter, English Premier League, Premier League, Thomson Locations: Europe

☆ Which airlines have suspended Israel flights after Hamas attacks?
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +4 min

Here are airlines that have temporarily halted flights to and from Israel:AFRICARoyal Air Maroc cancelled flights to and from Tel Aviv on Saturday and Sunday. On Sunday, United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE), including Austrian Airlines, Swiss International Airlines and Brussels Airlines, cancelled flights to and from Tel Aviv through Saturday. Norwegian Air (NAS.OL) cancelled flights from Copenhagen and Stockholm to Tel Aviv and return flights through Sunday. Portugal's TAP suspended flights to and from Tel Aviv without providing a time frame.

Persons: Amir Cohen, Britain's, Vueling, Alessandro Parodi, Joao Manuel Mauricio, Milla Nissi, Bernadette Baum 私 Organizations: Gaza, REUTERS, AFRICA Royal Air Maroc, Delta Air Lines, Sunday, United Airlines, American Airlines, Tel Aviv . United, Air Canada, ASIA Hainan Airlines, Cathay, HK, Korean, Germany's Lufthansa, Austrian Airlines, Swiss International Airlines, Brussels Airlines, Saturday, Ryanair, Air France KLM, Norwegian, TAP, Sunday . British Airways, IAG, Air Europa, Italy's ITA, Aegean Airlines, Bulgaria Air, Air Malta, Virgin Atlantic, EAST Etihad Airways, . Gulf Air Locations: Sderot, Israel, Tel Aviv, AFRICA, ASIA, China, Beijing, Shanghai, Shenzhen, Hong Kong, Incheon, EUROPE, Europe's, France, Copenhagen, Stockholm, Hungarian, Iberia, Spanish, London Heathrow, Abu Dhabi, Gdansk

Because higher yields signal a rise in borrowing costs, the selloff has raised questions about the long-term sustainability of Italy's huge debt pile. Meloni has said she is not worried by the rise in yields, saying: "Italy is solid." Most of the sources said there is no hurry to end reinvestments or even to formally open this discussion on the policy-making Governing Council. Some argued that PEPP reinvestments should end before any talk of a rate cut, now expected by markets around mid-2024. Spreads of Italian 10-year bonds over their German counterparts are up roughly 30 basis points this month in their biggest jump since last December.

Persons: Wolfgang Rattay, Giorgia, Christine Lagarde, Meloni, PEPP, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, ECB, REUTERS, Rights, Central Bank, Thomson Locations: Frankfurt, Germany, Italy

☆ Take Five: Volatile start to busy week
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +6 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 9 (Reuters) - Financial markets have got off to a volatile start to the week, after Hamas militants launched an assault on Israel at the weekend, triggering violent conflict that left hundreds dead. A bond market rout last week and currency gyrations already had financial markets on edge ahead of U.S. inflation numbers and the start of earnings season. Here's your week ahead in markets from Kevin Buckland in Tokyo, Lewis Krauskopf in New York, Rachel Savage in Johannesburg, and Naomi Rovnick and Dhara Ranasinghe in London. Amid these tensions, the IMF and World Bank are trying to boost their lending.

Persons: Brendan McDermid, gyrations, Kevin Buckland, Lewis Krauskopf, Rachel Savage, Naomi Rovnick, Wells, LSEG IBES, Rishi Sunak's, Sumanta Sen, Pasit, Vineet, Karin Strohecker, Kim Coghill Organizations: New York Stock Exchange, REUTERS, Financial, World Bank, International Monetary Fund, Labour, JPMorgan, Citigroup, PepsiCo, Delta Air Lines, UnitedHealth, Reuters, LABOUR, Conservative, Labour Party, MOROCCO Finance, Monetary Fund, U.S, Bretton Woods, IMF, Thomson Locations: New York City, U.S, Israel, Tokyo, New York, Johannesburg, London, Central, Morrocan, Marrakech, China

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