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☆ Miked-up Mourinho handed 10-day suspension for ref criticism
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

Mourinho will miss his team's Serie A season opener due to the suspension and was also given a 50,000 euros ($54,610) fine for comments made towards referee Daniele Chiffi, the Italian FA said. Mourinho strongly criticised Chiffi after Roma's 1-1 league draw against Monza, labelling him "the worst referee I have encountered in my entire career." The 60-year-old Portuguese had gone into the game looking to do everything he could to avoid being sanctioned by the officials. Roma have also been fined 50,000 euros, on top of the 55,000 euro fine that UEFA also imposed on the club. ($1 = 0.9156 euros)Reporting by Janina Nuno Rios in Mexico City Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Mourinho, Mourinho, Daniele Chiffi, Chiffi, Anthony Taylor, Janina Nuno Rios, Toby Davis Organizations: AS Roma, Monza, Serie, FA, Chelsea, Real Madrid, UEFA, Europa League, Sevilla, Roma, Thomson Locations: Portuguese, Mexico

☆ Toolbelts, cardboard bags and ‘crogs:’ Fendi makes a case for carpenter-core
▼ + stars: | 2023-06-16 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Step forward the “corporate artisan”, star of the Italian fashion house’s SS24 show on Thursday night and proposed pin-up for next season. Part technical-whizz, part traditional tool-master, the handle speaks to the modern-day creative, said Artistic Director Silvia Venturini Fendi in a pre-show preview with CNN. FendiFor the accessories, Venturini Fendi collaborated with the Japanese architect Kengo Kuma - who she regards to be “the best to combine nature and technology” - to reinvent signature Fendi bags including the Peekaboo in traditional Japanese washi paper. The clog silhouette is going nowhere, as Fendi becomes the latest high fashion brand to reimagine the comfy slip-on shoe. Pietro D'Aprano/Getty ImagesThe set, said Venturini Fendi, was masterminded so to be transparent about the teamwork involved in creating a fashion collection.

Persons: Silvia Venturini Fendi, Fendi, ”, Kengo Kuma, JW Anderson, Pietro D'Aprano, Venturini Fendi, “ It’s, ” Alexander Skarsgard, Daniele Venturelli, Adele, Karl Lagerfeld, “ Organizations: CNN, JW Locations: Capannuccia, Florence, Italy, Rome

☆ Fan Bingbing spotlights Asian designers at Cannes
▼ + stars: | 2023-05-25 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

Making her first appearance at Cannes since 2018, Fan arrived at last Tuesday’s opening event (the premiere of Johnny Depp’s new film “Jeanne du Barry”) wearing a creation by Christopher Bu. Fan Bingbing attends the Red Sea International Film Festival's "Women's Stories Gala" wearing an outfit by South Korean label Miss Sohee. Fan Bingbing in a golden gown by Vietnamese fashion designer Chung Thanh Phong. Her looks at Cannes have not been exclusively by Asian designers. Fan attending the Oscars in March 2023, one of her first public appearances outside China since a tax controversy threatened to derail her career.

Persons: Fan Bingbing, Louis Vuitton, Fan, Johnny Depp’s, Jeanne du Barry ”, Christopher Bu, Sohee, Daniele Venturelli, Miss Sohee, Chung Thanh, Jimmy Choo, Harvey Cenit, Chung Thanh Phong, Arnold Jerocki, FanBingbingCannes, Mikael D, Mikael Derderian, Wes Anderson’s, Tamara Ralph, Ralph, Russo, ”, Emma McIntyre, Jessica Chastain, Penélope Cruz, Tony Ward Couture Organizations: CNN, Cannes, South, Palais des, Red Sea, Miss, Sohee, Canadian, Forbes, Global Times, The Berlin, Fashion Locations: China, South Korean, Korean, Weibo, Lebanese, Charleston

☆ Fed may have to tighten more aggressively if inflation stays elevated, economist says
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed may have to tighten more aggressively if inflation stays elevated, economist saysDaniele Antonucci, chief economist and macro strategist at Quintet Private Bank, says the U.S. Federal Reserve may have to tighten monetary policy further unless inflation and economic activity cool significantly.

☆ Fed may be forced to defy market expectations and hike more aggressively, economist says
▼ + stars: | 2023-05-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve may be forced to defy market expectations by raising interest rates aggressively again later this year if sticky inflation and tight labor markets persist, according to Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Annual headline inflation fell to 4.9% in April, its lowest for two years, but remains well above the Fed's 2% target. Meanwhile the labor market remains tight, with jobless claims rising but still at historically low levels. Job growth also hit 253,000 in April despite a slowing economy, while unemployment sat at 3.4%, its joint-lowest level since 1969. Antonucci told CNBC's "Squawk Box Europe" on Friday that Quintet disagrees with the market's pricing of rate cuts later in the year.

☆ Napoli’s Serie A title win: From Maradona and financial bankruptcy to Scudetto
▼ + stars: | 2023-05-05 | by ( Ben Morse | ) edition.cnn.com time to read: +14 min

Diego Maradona battles dribbles against Ruud Gullit of AC Milan in the Serie A in 1988. With Maradona’s arrival came a level of success Napoli had previously never seen, culminating in a 1987 title victory; the club’s first ever Scudetto. When Napoli won its first Serie A title in 1987, the Gentleman Ultra website notes: “In the city, mock funerals were held for Juventus. The dark yearsA year after the 1990 title success, the Napoli team began to unwind with players departing, leading to a drop in performances. Napoli fans celebrate the team's Serie A title victory on the streets of Naples.

☆ Mourinho wears wire on touchline in Roma draw
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

Mourinho, who is no stranger to clashes with referees, tore into Daniele Chiffi after the game, describing the 38-year-old official as "the worst I've ever encountered." From the moment I left the locker room, to the moment I returned. Their latest draw left Roma seventh, just outside the European places with five games left to play, and Mourinho was especially incensed that Chiffi sent off Mehmet Celik after showing him a second yellow card in added time. "He is the worst referee I have met in my life," Mourinho said. "A second yellow to a guy who slips in the 96th minute...

☆ Jose Mourinho says he wore a microphone during match to ‘protect’ himself against the referee
▼ + stars: | 2023-05-04 | by ( Matt Foster | ) edition.cnn.com time to read: +1 min

CNN —AS Roma manager Jose Mourinho said he wore a microphone during his team’s Italian Serie A game against Monza on Wednesday in order to “protect” himself. Speaking to reporters after the match, Mourinho said: “I am not stupid, you know. I recorded the match – from the moment I left the locker room to the moment I returned. Roma’s draw with Monza leaves the team in seventh place in the league table, outside the qualification places for next season’s European competitions. Roma’s next fixture is on Saturday against Inter Milan, which currently sit fourth in the Serie A table.

☆ The credit crunch is here and it could cripple the economy. Here's what Larry Summers, Nouriel Roubini and 7 other experts have said on the emerging threat.
▼ + stars: | 2023-04-20 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +6 min

Latest bank lending data suggests the credit crunch "has already started," according to Morgan Stanley strategists. Here's a selection of recent warnings on the emerging threat from experts including Larry Summers, David Solomon, Mike Wilson, Nouriel Roubini and Bill Gross. Apollo Asset Management's Jim Zelter told Bloomberg "it's not a credit crunch" but rather a "transition period" as markets face higher debt costs. "That credit crunch is going to make the likelihood of a recession — a hard landing — much greater than before. "Whether this qualifies as a full-blown 'credit crunch' remains to be seen.

☆ In Photos: Families of Guatemalans Killed in Migrant Center Fire Bury Their Dead
▼ + stars: | 2023-04-17 | by ( Daniele Volpe | Elda Cantú | ) www.nytimes.com time to read: +1 min

Last week, the remains of 17 Guatemalan men killed in a fire at a migration center near the U.S. border were flown back home, where three days of national mourning have declared. They were among 40 people who died in March at the migration center in Ciudad Juárez, Mexico, near the border with Texas. It is not the first time the Guatemalan president has had occasion to declare such a period of mourning. So far this year, the Guatemalan authorities have helped repatriate 58 dead nationals. The prosecutor’s office is also expected to press criminal charges against the leader of the National Institute of Migration.

☆ Milan lead Napoli after Bennacer goal
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Champions League - Quarter Finals - First Leg - AC Milan v Napoli - San Siro, Milan, Italy - April 12, 2023 AC Milan's Ismael Bennacer celebrates scoring their first goal with Davide Calabria REUTERS/Daniele MascoloMILAN, April 12 (Reuters) - AC Milan took a step towards their first Champions League semi-final appearance for 16 years as Ismael Bennacer's goal earned them a 1-0 win over Napoli in the quarter-final first leg at the San Siro on Wednesday. On a rainy night, Serie A leaders Napoli's first European clash with seven-times European champions Milan was also their first appearance in the quarter-finals of Europe's most prestigious club competition. Attempting to avenge their 4-0 home defeat by Milan in Serie A this month, Napoli began pressing immediately, but the hosts took the lead five minutes before the interval when Brahim Diaz teed up Bennacer who struck a low shot inside the far post. Napoli's situation worsened 16 minutes from time when midfielder Andre-Frank Zambo Anguissa received a second yellow card for pushing Theo Hernandez. The second leg of the quarter-final is in Napoli on April 18.

☆ UBS got a great deal for Credit Suisse in the medium-term but uncertainties lie ahead, asset manager says
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS got a great deal for Credit Suisse in the medium-term but uncertainties lie ahead, asset manager saysThe numbers show UBS has a huge "margin of safety" in its Credit Suisse acquisition, but its investment case in the future will rely on several unknowns, says Daniele Scilingo, head of Swiss equities at Mirabaud Asset Management.

☆ Fly less, sit in coach, and avoid gimmicky offsets. Here's how to make your next trip more sustainable, according to experts.
▼ + stars: | 2023-03-16 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +5 min

Airlines offer options to buy offsets and fuel surcharges to ease one's travel carbon impact. Experts say carbon offsets are good, but they need to be chosen carefully. Last year, Carbon Market Watch commissioned a study that looked at the effectiveness of carbon offsets bought by major European airlines. AirFrance, for example, has increased all its ticket prices by an amount varying from 1 Euro to 24 Euro to cover for the company's increased use of sustainable aviation fuel. Other airlines, like Brussels Airlines, are asking passengers whether they want to pay more for sustainable aviation fuel.

☆ What analysts are saying about Credit Suisse after 'central bank bazooka' is unleashed
▼ + stars: | 2023-03-16 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Wall Street analysts were split on whether they should buy into Credit Suisse — though they found central bank support of the troubled Swiss firm reassuring. Earlier, the central bank said it would give Credit Suisse liquidity if necessary, saying the firm is well capitalized. On Wednesday, Credit Suisse shares tumbled 13.9% after the firm's largest investor, the Saudi National Bank, said it could not give more funding, driving fears of a banking crisis in Europe. However, following the decision to borrow from the central bank, JPMorgan's Roberto Henriques reiterated an overweight rating on the firm. The analyst expects that the "central bank bazooka" will assuage investors concerned over liquidity issues and give Credit Suisse enough time to roll out a restructuring plan.

[1/2] European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting in Frankfurt, Germany March 16, 2023. Reuters Graphics Reuters GraphicsPresident Christine Lagarde noted it was impossible to determine the future rate path amid "completely elevated" uncertainty stemming from market ructions. "Given financial instability risks, there's growing uncertainty on future ECB actions beyond this pre-signalled rate hike," said Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Piet Christiansen, chief analyst at Danske Bank, said he was sticking to a call for a 4% peak ECB rate. "Unless this turns into a macroeconomic crisis then we are ripe for a sell-off and a repricing of rate hike expectations," he said.

☆ Fed should be cautious for now but then resume hiking cycle, strategist says
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed should be cautious for now but then resume hiking cycle, strategist saysDaniele Antonucci, chief economist and macro strategist at Quintet Private Bank, discusses the Federal Reserve's next moves amid sticky inflation and the SVB collapse.

☆ Analysis: Italy's Meloni belies radical image in cautious first 100 days
▼ + stars: | 2023-01-26 | by ( Crispian Balmer | ) www.reuters.com time to read: +6 min

But almost 100 days since Meloni took office at the head of the most right-wing government Italy has seen since World War Two, these concerns have largely melted away. "We have seen something of a metamorphosis," said Sofia Ventura, a political science professor at Bologna University. Friend and foe alike say a significant reason for the softly-softly approach is money -- or rather a lack of it. "What happened in the UK shows ... how cautious we have to be with our fiscal and monetary policy mix," EU Commissioner Paolo Gentiloni, a former Italian prime minister, said at the time. VITAL FUNDSAdding to the pressure on Meloni is Italy's dependence on the European Union's recovery and resilience fund.

☆ Water spoils archaeological quest for 'queen' of Roman roads
▼ + stars: | 2023-01-24 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

[1/5] Medieval coins that have been found during excavations, looking for the "first mile" of the Appian Way, the first and most important highway of ancient Rome, are seen in this undated handout image obtained by Reuters. Appius Claudius Caecus, a magistrate, started the Appian Way in the 4th century BC. Valenzani explained that pumps are working 24/7 to clear water from the digging site and allow exploration, but would not be powerful enough if the excavation were to go deeper. In a last bid to find traces of the Appian Way's founding stones, archaeologists will extract samples of what remains unexcavated via a core drill before covering up the site. Reporting by Alvise Armellini; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Italy’s Friuli region is one of Europe’s best kept secrets
▼ + stars: | 2023-01-18 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +10 min

With 13 natural reserves and the pristine park of the Friuli Dolomite Mountains, the region lures tourists seeking to connect with nature or explore the outdoors. There’s also the spellbinding Grotta Gigante, or Giant Cave, one of the world’s largest tourist caverns. Golden beachesThe Grotta Gigante is one of the world's largest tourist caverns. Trieste boasts an unusual segregated beach, with origins dating back several centuries. “Residents are very fond and proud of this place,” says Trieste local Maria Bonacci.

After being wrong-footed by sudden price rises, the ECB has been raising rates at an unprecedented pace. Inflation has soared since economies reopened after the COVID-19 pandemic, driven by supply bottlenecks and then surging energy costs following Russia's invasion of Ukraine. Justifying Lagarde's pledge for more hikes, the ECB's new projections on Thursday showed inflation above the ECB's 2% target through 2025. [1/2] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. The ECB also said it currently expected any recession to be "relatively short-lived and shallow" and Lagarde noted that euro unemployment levels were at "rock-bottom".

[1/2] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. After being wrong-footed by sudden price rises, the ECB has been raising rates at an unprecedented pace. Inflation has soared since economies reopened after the COVID-19 pandemic, driven by supply bottlenecks and then surging energy costs following Russia's invasion of Ukraine. "We judge that interest rates will still have to rise significantly and at a steady pace," Lagarde told a news conference following its rate announcement. Money markets immediately moved to price in a peak deposit rate of just over 3% by July, compared to 2.75% before the meeting.

☆ Arias in the throes of war: Ukrainian companies crowned at 'Opera Oscars'
▼ + stars: | 2022-11-29 | by ( David Latona | ) www.reuters.com time to read: +2 min

MADRID, Nov 28 (Reuters) - Two Ukrainian opera houses were awarded this year's "Opera Oscar" for offering up mellifluous cadenzas and virtuosic trills amid power cuts and artillery blasts on their country's territory - allowing audiences to evade, if only for a few hours, the war outside. In recognition of their "outstanding work in challenging circumstances", the opera theatres in the Ukrainian cities of Lviv and Odesa jointly clinched the Company of the Year prize at the International Opera Awards ceremony held on Monday in Madrid's Teatro Real. The jury celebrated their "courage and resilience for continuing to perform despite the dangers and depredations unleashed by the war." Samoan tenor Pene Pati bagged the Opera Magazine Readers' award, the only one decided by popular vote instead of a jury. Soprano Sabine Devieilhe and baritone Stephane Degout, both French, won Female Singer and Male Singer, respectively.

[1/5] Italian Prime Minister Giorgia Meloni speaks during a news conference to present her government's first budget in Rome, Italy, November 22, 2022. Meloni, a fiery conviction politician, has often spoken out against Italy's reliance on technocrats to solve its economic problems and lambasted alleged interference from "high international finance" and "Brussels bureaucrats". During the election campaign Meloni called in vain for her predecessor Mario Draghi to freeze the sale of a majority stake in ITA. PUSHBACKDeputy Economy and Finance Minister Maurizio Leo, an adviser to Meloni, had proposed splitting his ministry by hiving off the finance department responsible for tax matters. The head of the finance department, Fabrizia Lapecorella, has asked to move to another ministry, two sources said.

☆ We'll continue to see a hawkish Bank of England, chief economist says
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll continue to see a hawkish Bank of England, chief economist saysWe'll continue to see a hawkish Bank of England, Chief Economist and Macro Strategist at Quintet Private Bank Daniele Antonucci says.

☆ British pound whipsaws after mixed messages from the Bank of England
▼ + stars: | 2022-10-12 | by ( Abigail Ng | ) www.cnbc.com time to read: +3 min

In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty ImagesThe British pound on Wednesday morning recovered losses following a Financial Times report that said the Bank of England is privately signaling a willingness to extend its emergency bond-buying program. The Bank of England did not immediately respond to CNBC's request for comment on the FT's report outside of office hours. The pound fell as low as $1.0922 in Asia's morning trade before popping to $1.106 after the FT report was published. If bond purchasing is stopped, "additional measures should be put in place to manage market volatility," it added.

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