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☆ Yellen sees no 'showstoppers' on G7 Ukraine loan backed by Russian asset earnings
▼ + stars: | 2024-05-25 | by ( ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. U.S. Treasury Secretary Janet Yellen said on Friday that she does not see "any showstoppers" in her discussions with fellow G7 finance ministers about a larger loan to Ukraine backed by the income of frozen Russian sovereign assets. Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting that not all of the technical details of the loan proposal need to be worked out this weekend. G7 leaders are due to meet next month in Puglia, southern Italy. "I think there is a general view that we should express a common set of concerns to China," she said.

Persons: Janet Yellen, Alessandra Galloni, Yellen, I've Organizations: Treasury, Reuters, U.S . Treasury, Ukraine Locations: Washington , U.S, Ukraine, Stresa, U.S, Puglia, Italy, Japan, Germany, France, Britain, China

☆ Biden administration set to revamp Trump’s tariff program after multi-year review, sources say
▼ + stars: | 2024-05-10 | by ( Kayla Tausche | ) edition.cnn.com time to read: +5 min

Washington CNN —The Biden administration is set to unveil a sweeping restructuring of former President Donald Trump’s trademark tariffs on Chinese imports, according to sources familiar with the matter. “The Biden administration has neutralized China as a campaign issue,” said Hodge, now a managing director at Bully Pulpit International. Tariffs are essentially a tax on US businesses and consumers, adding to the cost of imported goods. More than half of the duties have been collected during the Biden administration. The Biden administration had planned to release the results of the review in advance of the Pittsburgh speech, the sources familiar with the matter said, but ended up delaying the release.

Persons: Washington CNN —, Biden, Donald Trump’s, Joe Biden refines, Trump, Adam Hodge, “, ”, Hodge, –, ” Biden, Janet Yellen, Antony Blinken, Clete Willems, Akin Gump, Willems Organizations: Washington CNN, US Trade Representative, Biden’s National Security Council, US Trade, Treasury, Commerce, Trump, US Customs, “ Steel, Seven, European Union, National Economic Council, EU, European Commission, Treasury Department Locations: China, Pittsburgh, Italy, Puglia

☆ 'Liquid gold': An olive oil shortage is fueling record prices and food insecurity fears
▼ + stars: | 2024-05-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices. Anadolu | Anadolu | Getty ImagesA shortage of olive oil, sometimes referred to as "liquid gold," has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode. The decline extends a downward trend, after olive oil prices reached an unprecedented peak of 9.2 euros in January. But analysts said that dwindling olive oil reserves would likely keep markets on edge for sudden price spikes over the coming months. Olive oil thefts

Persons: Kyle Holland, Holland, De Rust, Rodger Bosch, Vito Martielli, Martielli, Helena Bennett, Bennett, Xylella, Mintec's Holland Organizations: European Union, Anadolu, Getty, Centre, Market, Mintec, CNBC, Afp, Rabobank, Green Alliance UK, European Environment Agency, Nurphoto Locations: Europe, Anadolu, Spain, Italy, Greece, Spain's Andalusia, Olive Estate, De, Cape Town, Netherlands, Olive, Lecce, Puglia

☆ EU raids offices of Chinese security equipment maker in subsidy probe
▼ + stars: | 2024-04-24 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —European Union officials have raided the offices of a Chinese company as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest trading partners. The European Commission said Tuesday that it carried out “unannounced inspections” at the premises of a company making and selling security equipment in Europe, which it suspects may have benefited unduly from state subsidies. “The commission has indications that the inspected company may have received foreign subsidies that could distort the (EU’s) internal market,” the EU’s executive body said in a statement on its website. The China Chamber of Commerce to the EU said Wednesday that it had been informed that a Chinese company was the target of the investigation. The Foreign Subsidies Regulation, which came into force last July, is aimed at addressing market distortions caused by subsidies from foreign governments and ensuring that EU companies are competing on a level playing field.

Persons: “, ”, ” Ursula von der Leyen, Janet Yellen Organizations: London CNN — European Union, European Commission, China Chamber of Commerce, EU, CNN Locations: Europe, Poland, Netherlands, Romania, China, Puglia, Italy, United States, Beijing

☆ Blinken Heads to G7 Meeting for Talks on Israel and Ukraine
▼ + stars: | 2024-04-17 | by ( Michael Crowley | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken arrived in Italy on Wednesday for a gathering of foreign ministers from the Group of 7 nations at which the Middle East turmoil and the fate of Ukraine will be central topics. The meeting will take place as world leaders try to contain the growing fallout from the war between Israel and Hamas. At the opening session, the officials will also discuss Israel’s invasion of Gaza and international efforts to reach a cease-fire deal. The G7 is a conference of seven industrialized democracies — Italy, Canada, France, Germany, Japan, Britain and the United States — as well as representatives of the European Union. The meeting, which is being held on the Mediterranean island of Capri, is a prelude to a summit of G7 leaders scheduled for mid-June in Puglia, Italy.

Persons: Antony J, Blinken, Israel Organizations: United, United States —, European Union Locations: Italy, Ukraine, Israel, Iran, Gaza, Canada, France, Germany, Japan, Britain, United States, Capri, Puglia

☆ How Ford’s F-150 Lightning, Once in Hot Demand, Lost Its Luster
▼ + stars: | 2024-02-07 | by ( Neal E. Boudette | ) www.nytimes.com time to read: 1 min

In July Michael Puglia drove home with what seemed like the coolest vehicle he’d ever own — a Ford F-150 Lightning electric pickup truck. It was big enough to haul around his children and all their hockey gear. Once, after Mr. Puglia had driven 35 miles to an ice rink, his range fell by 73 miles. Another time, a 60-mile jaunt reduced his range by 110 miles. Several trips to the dealership for software updates didn’t fix the problem, leaving Mr. Puglia wondering whether he should keep the $79,000 truck.

Persons: Michael Puglia, He’d, ” Locations: Puglia, Ann Arbor, Mich

☆ Marco Raduano: Italian mafioso who escaped prison by tying bedsheets arrested during romantic dinner in France
▼ + stars: | 2024-02-02 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +1 min

Rome CNN —An Italian mafia boss who escaped from a maximum security prison last year by using bed sheets to scale the walls has been captured in France, authorities say. Marco Raduano, the 40-year-old boss of the Gargano Mafia in the southern Italian region of Puglia, was caught Thursday outside a luxury restaurant in Bastia, Corsica, where he was dining with a female companion. Also apprehended was his right-hand man, Gianluigi Troiano, who fled house arrest in 2021 after detaching his electronic bracelet. Raduano’s escape by tying bed sheets from his prison window just under a year ago was caught on the penitentiary’s surveillance cameras. The escape lasted 16 seconds and he fled on foot with no guards noticing or giving chase, which led to an internal investigation of the maximum security prison.

Persons: Rome, Rome CNN —, Marco Raduano, Matteo Messina Denaro, Rauduona, Gianluigi Troiano, Raduano, Omar Trott Organizations: Rome CNN, Gargano Mafia, Anti, Mafia, The Spanish Guardia Civil, French Gendarmerie Nationale Locations: Italian, France, Puglia, Bastia, Corsica, Granada, Spain, Bari, Foggia, The Spanish, Vieste, Italy

☆ Italy Looks to Use G7 Chair to Boost Support for Ukraine, Scrutinise AI
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Italy will chair the G7, which also groups the United States, Japan, Germany, Britain, France and Canada, throughout 2024 and will host a summit in June. However, the source said G7 leaders were determined to show they remained fully committed to Kyiv and could not risk showing signs of weakness two years after Russia invaded its neighbour. "We must change the narrative on Ukraine," the source said, adding that Russian President Vladimir Putin had lost significant financial, military and diplomatic clout since the invasion. Italy is planning to stage 20 ministerial meetings during its G7 presidency, kicking off with a three-day gathering from March 13-15 on industry, technology and digitalisation, which will put a spotlight on the fast-paced AI revolution. Rome will also propose creating a steering committee to ensure greater G7 coordination on AI.

Persons: Crispian Balmer, Angelo Amante ROME, Vladimir Putin, Giorgia Meloni, Angelo Amante, Nick Macfie Organizations: Artificial Intelligence, Kyiv, Italy's Locations: Italy, Russia, Ukraine, United States, Japan, Germany, Britain, France, Canada, Africa, China, Washington, Brussels, Kyiv, Puglia, Rome, Beijing

Its 2022 annual report, filed on January 19, said the deal desk should review any deals greater than $500,000. SUSE sales growth was slowing at the time. Reuters could not determine if the deal was vetted by the deal desk nor how many deals have been going through the unit. SUSE and Reuters parent company, Thomson Reuters, are involved in litigation over the use of SUSE software products. SUSE claims that Thomson Reuters breached the terms that allegedly governed its use of SUSE software products.

Persons: SUSE, Reuters wasn't, EQT, Melissa Di Donato, Di Donato greenlighted, Di Donato, Eskom, BNY, BNY Mellon, Di, Christian Strenger, Di Donato's, Thomson, Karin Strohecker, Stefania Spezzati, Emma, Victoria Farr, Elisa Martinuzzi, Daniel Flynn Organizations: Microsoft, BMW, Sales, Reuters, Bank of New York Mellon, BNY Mellon, BNY, Corporate Governance Institute, Frankfurt School of Finance & Management, Thomson Reuters, Thomson Locations: Frankfurt

CNN —After more than three years of going missing from world soccer, North Korean striker Han Kwang Song has reappeared, playing for his country in two recent World Cup qualifiers and scoring in the 6-1 win over Myanmar on Tuesday. Attempting to qualify for the World Cup for a third time, North Korea lost 1-0. The North Korea football federation, the Asian Football Confederation and world soccer governing body FIFA didn’t respond to CNN’s request for comment on Han’s return to international football. The return of the North Korean wunderkind has surprised soccer pundits and fans, who worried about his safety and promising career being cut short. The Covid-19 pandemic led to North Korea fully sealing its borders, making it impossible for Han and fellow repatriated North Korean nationals to return home.

Persons: Han Kwang, Han, Duhail, –, Korean wunderkind, Max Canzi, ” Canzi, Han’s, Nicholas Pennington, Kwang, Choe, Pölten, Alberto Mier, Qatar’s, ”, Kim Jong, Kim, Tullio M Organizations: CNN, North, Myanmar, North Korean, Qatar, Al, Asian Football Confederation, FIFA, Korean, Serie, CNN Sport, Syria, Cagliari, Austria’s SKN, Italy’s, UN, Juventus, United Nations Security Council, Qatar Stars, Qatar Stars League, UNSC, Qatar Airways, Perugia, Getty, Tokyo, Beijing Winter Games, International Olympic Committee Locations: North Korean, Syria, Saudi Arabian, Jeddah, North Korea, Yangon, Rome, Qatar, Korean, Pyongyang, Myanmar, Austria’s SKN St, Arezzo, Qatari, Korea, Ahli, Doha, Puglia, Beijing, Asia

☆ This US couple sold their house and moved to Italy for good
▼ + stars: | 2023-11-13 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +7 min

CNN —The pandemic’s enforced period of no travel led an American couple to rethink their life and retire to sunny southern Italy. “We decided to sell our home, our car and all superfluous possessions and make Italy our retirement home for good. The couple looked at different southern Italian regions offering a 7% flat tax for new immigrant retirees, before picking Puglia. The unexpected rising temperatures in southern Italy are too much even for Louisiana natives. “There is a great amount of work that goes into the legal preparations in Italy if you want to actually live there,” says Glenda Tuminello.

Persons: we’ll, Stanley Tucci, Seventysomethings Glenda, Randy Tuminello, Covid, ” Glenda Tuminello, “, –, ”, Glenda Tuminello Randy Tuminello, it’s, Glenda Tuminello, they’ve, Michal Ludwiczak, they’re Organizations: CNN, intel, CNN Travel, “, Louisiana Locations: American, Italy, Spokane , Washington, Polignano, Puglia, Adriatic, Cefalù, Louisiana, Italian, Mare

Surging olive oil prices, driven in part by two years of drought in Spain, has meant opportunity for criminals across the Mediterranean. Warehouse break-ins, dilution of premium oil with inferior product, and falsification of shipping data are on the rise in olive-growing heartlands of Greece, Spain and Italy. Bekas, who owns 5,000 olive trees, suffered repeated raids by thieves before deciding to take an early harvest. After decades of growth, the global olive oil market has been disrupted by a nearly two-year drought in Spain, which typically accounts for about 40% of world supply. The regional agricultural association issued a plea for police assistance following reports that 100 olive trees were destroyed or seriously damaged in a single incident last month.

Persons: Konstantinos Markou, –, ” Markou, Neilos Papachristou, Christos Bekas, we’ve, ”, That's, Gennaro Sicolo, Ciaran Giles, Colleen Barry, Raf Casert Organizations: Farmers Locations: SPATA, Greece, Athens, Spain, Italy, Puglia, Papachristou's, Bari, Madrid, Milan, Brussels

The Swiss National Bank and the Swiss Finance Ministry are part of the conversations with lenders, one source said. A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. Regulators worldwide have since been grappling with the risk of bank runs, which in the era of digital banking have accelerated in speed. Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, Bank of England executive director for markets, Andrew Hauser, said on Friday at a conference in London. They risk penalizing Swiss banks if they were to be introduced only in Switzerland, one of the sources said.

Persons: SNB, Zürcher, PostFinance, Raiffeisen, Andrew Hauser, Thomas Jordan, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, John O'Donnell, Paritosh Bansal, Nick Zieminski Organizations: UBS, Swiss National Bank, Swiss Finance Ministry, Reuters, Swiss, Raiffeisen, Credit Suisse, Regulators, Bank of England, Thomson Locations: ZURICH, Switzerland, Swiss, Zurich, U.S, London, Bern

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS's Chief Executive Sergio Ermotti has said he aims to get back the Credit Suisse assets.

Persons: Denis Balibouse, Kian Abouhossein, Abouhossein, Sergio Ermotti, Ermotti, Noele Illien, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, Mark Potter Organizations: Credit Suisse, UBS, REUTERS, Rights, Suisse, JPMorgan, UBS's, Thomson Locations: Zurich Switzerland, Raiffeisen, Switzerland

☆ Fans new and old in high spirits as Ryder Cup tees off
▼ + stars: | 2023-09-29 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

ROME, Sept 29 (Reuters) - Fans from across Europe and the United States travelled to Rome in high spirits for the 44th Ryder Cup, enjoying warm weather and bringing a blaze of colour to the Eternal City as the action got underway on Friday. It is the first time the event has been held in Italy, attracting a host of local fans alongside more regular visitors from afar. "This is my eighth Ryder Cup, we are veterans," said Andy Nichol, who came with his friends from England and had British flags all over his suit, including on his tie and hat. While many American fans felt the food and drinks were fairly priced considering the popularity of the event, visitors from Europe voiced some criticism. However, visitors generally agreed the Marco Simone was a fine course, the event was well organised and the Ryder Cup was different from any other golf tournament.

Persons: Marco Simone Golf, Matt Williams, Andy Nichol, Nick Easter, Tim Hollis, Donald Duck, Luke Donald, Marco Simone, Kerrie, Jackie, Angelo Amante, Toby Davis Organizations: Ryder, Country, Reuters, Thomson Locations: Europe, United States, Rome, Italy, California, Italian, Tuscany, Puglia, England, British, Ireland

[1/2] Grape leaves damaged by fungus favoured by a combination of drought followed by torrential spring rain are pictured in San Paolo di Civitate, Italy July 18, 2023. That means Italy is set to lose its position as the world's top wine producer to France, which had ceded the crown nine years ago. "Early in May we realised there would be no harvest, we cultivate organically and experienced the (fungus) attack sooner," he told Reuters. Italian output is forecast to fall to below 44 million hectolitres this year, according to the wine lobbies and ISMEA, from 50 million last year. Thanks to heavy rains and humidity, the fungus was able to attack the vines during these vulnerable periods, he added.

Persons: San Paolo di Civitate, Romolo, DI CIVITATE, Paolo Niro, di Civitate, Plasmopara, Andrea Luvisi, Niro, Fazil Dusunceli, Dusunceli, Gavin Jones, Susan Fenton Organizations: REUTERS, DI, Reuters, University of Salento, United Nations Food, Agriculture Organisation, FAO, Thomson Locations: San Paolo, Italy, France, Americas, Abruzzo, Molise, Puglia, San, Rome

☆ $2 to cut a sandwich in half: The outrageous rip-offs targeting tourists in Italy
▼ + stars: | 2023-08-19 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +6 min

– plate near Portofino in northern Italy, and 10 cents for a sprinkle of cocoa on a cappuccino at a Lake Como coffee bar. Easy targetsOutrageous charges, like 2 euros for slicing a ham sandwich, have been labeled "crazy receipts" by the Italian media. High fuel and energy prices have made it an incredibly expensive summer. Worst offendersSome of the highest price hikes in Europe have left a vacation at home too expensive for many Italians. “We had this trip planned before Covid and have been dreaming about it even though we read the headlines about expensive prices.

Persons: Rome, Rome CNN —, Stefano Mazzola, Giorgia Meloni, ”, Furio, Truzzi, Francesca Volpi, Sharm el Sheik, ” Paolo Manca, Betsy, James Cramer, ” Betsy, “, Alberto Pizzoli, Antonio Coviello, Daniela Santanche Organizations: Rome CNN, CNN, Bloomberg, Getty, Italy’s National Research Center Locations: Italian, Lake Como, Ostia, Sardinia, Portofino, Italy, Como, Albania, Montenegro, Ukraine, Europe, Puglia, Egypt, Piazza Navona, Rome, AFP

☆ Burned by the European heat, travelers are seeking new destinations this summer
▼ + stars: | 2023-08-03 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

'Scandi summer' trendInterest in visiting the Mediterranean dropped by 10% from June to November this year, according to data published by the European Travel Commission. watch nowA "Scandi summer" trend is evident among summer home renters too, according to Expedia Group. Shifts in SpainSpain is the most popular travel destination in the European Travel Commission's poll of more than 6,000 European travelers. A spring poll of more than 6,000 European travelers showed the No. 1 reason for choosing a travel destination was "pleasant weather conditions," according to the European Travel Commission.

Persons: Tom Marchant, Marchant, Evia, Will Vassilopoulos, Cynthia Nerangis, Peter Tomlinson, Tomlinson, InsureMyTrip, hasn't Organizations: CNBC, European Travel Commission, Expedia Group, Expedia, Costa de Cantabria, Afp, Getty, National Parks, Swiss, Istock, Travelers, LemonLime, CNBC Travel Locations: Europe, London, Finland, Norway, Sweden, Iceland, Scandinavia, Swedish, Skane, Blekinge, Edinburgh, Scotland, Riga, Latvia, Tallinn, Estonia, Smaland, Tenerife, Rimini, Spain Spain, Costa Blanca, Costa Brava, Mallorca, Costa Verde, Costa de, Basque, Greece, Rhodes, Corfu, Lofoten, Croatian, Canada, U.S, Slovenia, Italy, Puglia, Sicily, North Africa, Austrian, Lucerne, Solden, Switzerland, Morocco, Marrakech, France, Athens, Crete

☆ Italy announces special tourist trains and 'cruise trains'
▼ + stars: | 2023-08-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

Ferrovie dello Stato Italiane (FS), Italy’s state-owned railway operator, has announced a new program of tourist-focused trains, using vintage locomotives on popular vacation routes. “Lusso” (luxury) trains will be spearheaded by the long-distance, super-luxury Orient Express Dolce Vita train, which will now launch in 2024, instead of this year as previously anticipated. The luxury Dolce Vita train will debut in 2024. These new routes will include night trains. sphraner/iStock Editorial/Getty ImagesThere will even be “cruise trains” – routes conceived with the idea of shuttling vacationers back and forth from short breaks.

Persons: we’ll, Stanley Tucci, Lusso, DIMORESTUDIO, Lamberto, Luigi Ferraris, ” Antonio Tajani Organizations: CNN, intel, Ferrovie dello Stato, Orient, Express, Golden Eagle, Cortina, d’Ampezzo, FS, Fondazione FS Locations: Italy, Venice, Milan, Tuscan, Rome, Otranto, Puglia, Metaponto, Basilicata, Reggio Calabria, Cortina d'Ampezzo, Calalzo, Umbria, Swiss

☆ Paris 2024: The war in Ukraine shows no sign of ending. That leaves a dark cloud over the Olympic Games
▼ + stars: | 2023-07-29 | by ( Matt Foster | ) edition.cnn.com time to read: +10 min

Kharlan’s disqualification threw into sharp relief the political and organizational jeopardy that France and the International Olympic Committee (IOC) is facing ahead of the Games. So far, no decision has been taken on Russian and Belarusian athletes’ participation at the 2024 Paris Olympics. The opening ceremony is already uniquely French in nature with the Games set to be centered around the Seine, the river running through the city. Organizers also say that the Paris Games “finance themselves,” claiming that 96% of the budget comes from private investment. Next year’s Olympic Games are set to start on July 26 and run until August 11.

Persons: Olga Kharlan, Anna Smirnova, Kharlan’s, Thomas Bach, Russia’s, Smirnova, Russian Anna Smirnova, Ukraine's Olga Kharlan, Tibor Illyes, ” Bach, “, ” Edwin Moses, Nawal El Moutawakel, CNN’s Amanda Davies, Jimmy Carter, ”, Moses, AP El, Emmanuel Macron, Geoffroy Van Der, Tony Estanguet, CNN’s Melissa Bell, “ It’s, Denis the, aren’t, Jimmy Gressier, Tullio M, Estanguet, Shelly, Ann Fraser, Pryce, ” Fraser, Fabrice Coffrini, Katie Ledecky, Ariarne Titmus, Summer McIntosh Organizations: CNN, International Olympic Committee, IOC, Belarusian Olympic, Olympic, US Olympic, USA, US State Department, United, AP, AP El Moutawakel, Games, Eastern Bloc, Getty, Paris, FIFA, Stade de France, UEFA, League, Stade de France –, de Police, BFMTV, RMC Sport, CNN Sport, Paris Games, Paralympic, Paralympic Games Locations: Paris, Ukrainian, France, Ukraine, Belarusian, Russia, Milan, Russian, Soviet, Afghanistan, Morocco, United States, Soviet Union, Los Angeles , California, –, Geoffroy Van Der Hasselt, AFP, Saint, Puglia, Lausanne, Switzerland, Australia, Canada, Seine

☆ Three dead as Sicily counts losses from 'devastating' fires
▼ + stars: | 2023-07-26 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

Another woman in her late 80s died in the Palermo province after an ambulance was unable to reach her home due to fires in the area. In an overnight message on Facebook, Sicilian President Renato Schifani said "scorching heat and unprecedented devastating fires" had turned Tuesday into "one of the most difficult days in decades". Fires were still burning on the hills around Palermo on Wednesday, with Canadair planes back in operation to try to douse the flames. Large areas of the Mediterranean have been sweltering under an intense summer heatwave on Tuesday, causing deadly blazes across the region. "I hope that tourist flows in the areas affected by the fires will not suffer losses," Civil Protection Minister Nello Musumeci, a Sicilian, told the La Stampa newspaper.

Persons: Renato Schifani, Nello Musumeci, Alvise, Keith Weir Organizations: Facebook, Canadair, La Stampa, Thomson Locations: Sicily, Palermo, Sicilian, Calabria, Catania, Rome, Bari, Puglia

☆ Wildfires rage across the Mediterranean destroying land and claiming lives
▼ + stars: | 2023-07-26 | by ( Barbie Latza Nadeau Hamdi Alkhshali Martin Goillandeau Isa Soares Sugam Pokharel Elinda Labropoulou Chris Liakos Hande Atay Alam Laura Paddison | Barbie Latza Nadeau | Hamdi Alkhshali | ) edition.cnn.com time to read: +6 min

More than 8,000 firefighters have been deployed to control the blazes as residents living near forested areas were evacuated, according to EPTV. Nasri Elyas/APThe Algerian Ministry of the Interior announced at least 34 deaths in multiple forest fires across the country. A 98-year-old man died as flames reached his home in the coastal city of Reggio Calabria in southern Italy, according to ANSA. Flames burn a tree in Vati village, on the Aegean Sea island of Rhodes, southeastern Greece, on Tuesday, July 25, 2023. Angelos Tzortzinis/AFP/Getty ImagesIn Turkey, forest wildfires ignited Monday night in the southern Mediterranean province of Antalya, according to Antalya Municipality’s statement.

Persons: Nasri Elyas, Billel, Nello Musumeci, ”, Alberto Lo Bianco, Fabrizio Villa, Maria Feggou, ” Feggou, Kyriakos Mitsotakis, Petros Giannakouris, Angelos Tzortzinis, Muhittin Bocek, “, ” Bocek Organizations: CNN, EPTV, Reuters, Algerian Ministry of, Interior, ANSA, Civil, Twitter, Residents, Hellenic Red Cross, Greek Air Force, Getty, Anadolu Locations: Italy, Greece, Algeria, North, Bourbatache, Sicily, Calabria, Abruzzo, Puglia, Reggio Calabria, Palermo, Capaci, Catania, Rhodes, Corfu, Evia, Crete, Vati, AFP, Turkey, Antalya, Antalya’s Kemer, Croatia, Dubrovnik, Croatian

Another source inside Barclays' investment bank, talking anonymously because they are not authorised to speak to the media, said lower staff attrition at its technology and back office operations had started to worry cost-conscious managers. The BCG review could lead to layoffs, the source familiar with the review said, although no decisions have been made. Some top Barclays investors, however, told Reuters they would have misgivings about a plan to prioritise investment over capital distributions. But a recent shake-up at its investment bank has raised concern about Barclays' ability to compete amid a worldwide dealmaking slump. They are not valued properly together," said Alan Beaney, chief executive at RC Brown Investment Management, which has held Barclays shares since 2012.

Persons: C.S, shivers, Richard Marwood, Venkat, Edward Bramson, Richard Buxton, Alan Beaney, Elisa Martinuzzi, Mark Potter Organizations: Barclays, Boston Consulting, Reuters, Royal London Asset Management, Lehman Brothers, Jupiter Asset, RC Brown Investment Management, BNP, HSBC, Reuters Graphics Barclays, Jefferies, Thomson Locations: U.S, Africa

☆ Any True Modern-Design Lover Needs to Know About This Masterpiece
▼ + stars: | 2023-07-07 | by ( J.S. Marcus | ) www.wsj.com time to read: 1 min

I AM just crazy about Milan’s Pirelli Tower. The stylish but severe 1950s skyscraper, once headquarters of the Italian tire company, was the brainchild of Giovanni “Gio” Ponti (1891–1979), the colossus of 20th-century Milanese design. A polymath architect-designer whose output ranged from ocean liners to cutlery sets, Ponti went on to complement this high-modernist office building, still his best-known work, with a late, imaginative masterpiece—1970’s La Concattedrale Gran Madre di Dio, a church in Taranto, a remote harbor town in Puglia in the heel of Italy’s boot.

Persons: Giovanni “ Gio ” Ponti, Ponti Organizations: Pirelli Locations: Taranto, Puglia

☆ A North Korean stunned world soccer when he scored in Serie A. Then Han Kwang Song went missing
▼ + stars: | 2023-07-01 | by ( Gawon Bae | Andrew Mcnicol | ) edition.cnn.com time to read: +20 min

But the Covid-19 pandemic led to North Korea fully sealing its borders, making it impossible for Han and fellow repatriated North Korean nationals to return home. PyongyangHan was born in the North Korean capital of Pyongyang in 1998. The opening of North Korea through sport seemed like a door that would not be closed any time soon. They followed the Olympics and soccer,” former North Korean men’s soccer national team head coach Jørn Andersen told CNN Sport, adding that he had limited contact with the North Korean public during his time in Pyongyang between 2016 and 2018. Holding a North Korean passport, Han was no exception to these sanctions, despite his preternatural soccer talent.

Persons: Han Kwang, Qatar’s, Han, –, Hahn, hea, Kim Jong, Pyongyang Han, Kim Jong Un’s, Kim, Alberto Mier, Jørn Andersen, ” Andersen, Han Kwang Song, Enrico Locci, YuMi, Rome –, Choe, “, Mario Berreta, ” Cagliari’s, Max Canzi, ” Canzi, ‘ Tell Mario, ”, Canzi, Nicholas Pennington, Tullio M, Pennington, ” Han, Juventus –, Duhail, Sandro Stemperini, Qatar Han’s, Andersen, hasn’t, he’s, ” Anderson, regretfully Organizations: CNN, Juventus, Little North, South, CNN Sport, United Nations Security Council, North, Pyongyang International Football School, CNN North Korea, Korean, soccer, team, North Korean, Bundesliga, Liga, KCTV, FIFA, Cagliari's Serie, Chievo Verona, Academy, ISM Academy, AC Perugia Calcio, Cagliari, Canzi, Serie A, Perugia, Getty, AC Perugia, Juventus ’, Serie, ISM International Scouting Center, UNSC, North Korea, DPRK, Democratic People’s, Al, Qatar’s, Qatar Stars, Qatar, UN, Fiorentina, Sport, Qatar Stars League, “, Qatar Airways, – Locations: Korean, Italian, Pyongyang, South Korean, North Korea, Qatar, London, South Korea, Germany, Italy, England, Spain, Perugia –, Italy’s, Umbria, Rome, Europe, “, Cagliari, Puglia, Seoul, North Korean, Democratic People’s Republic of Korea, Qatari, Korea, North, Ahli, ”, Doha, China, Russia

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