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☆ Two dead, 57 rescued from migrant shipwrecks off Italy's Lampedusa
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] Migrants on board of NGO Proactiva Open Arms Uno rescue boat looks at boat Guardia Costiera heading to Lampedusa island, in central Mediterranean Sea, close to Lampedusa island, Italy, August 19, 2022. REUTERS/Juan Medina/File PhotoROME, Aug 6 (Reuters) - Italy's coastguard said on Sunday it had recovered two bodies and rescued 57 people off the southern island of Lampedusa, amid reports that more than 30 people were missing following two shipwrecks. A coastguard spokesperson said he could only confirm the number of survivors and the recovery of two bodies. Italy's right-wing government has adopted a policy of assigning far-away ports to charity ships, rather than letting them disembark rescued migrants in nearer Lampedusa or Sicily, with the aim of spreading arrivals across the country. Reporting by Angelo Amante and Alvise Armellini; Editing by Toby Chopra and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Juan Medina, Ansa, Angelo Amante, Toby Chopra, Philippa Fletcher Organizations: Migrants, Uno, Guardia, REUTERS, Italy's coastguard, coastguard, Thomson Locations: Lampedusa, Italy, Sfax, Europe, Ivory Coast, Brindisi, Sicily

☆ Italy's MPS sees 2023 profit above 1 billion euros after tenfold rise
▼ + stars: | 2023-08-04 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy August 16, 2018. Like peers, Monte dei Paschi (MPS) reaped the benefits of higher rates which have allowed banks to charge more for loans while what they pay out on deposits lags. To fund the voluntary staff exits by sending people into early retirement, Lovaglio oversaw a 2.5 billion euro ($2.7 billion) capital raise in tough markets last November. Shares in MPS traded 3.5% higher by late morning at 2.568 euros each. Core revenues jumped 10% on a quarterly basis to 941 million euros, leapfrogging expectations, with net interest income nearly doubling from last year and up 15% from the first quarter.

Persons: Max Rossi, Siena, Monte, Luigi Lovaglio, Lovaglio, Andrea Orcel, Valentina Za, Alvise Armellini, Keith Weir Organizations: REUTERS, STATE, MPS, Bankers, Thomson Locations: dei, Siena, Rome, Italy, MILAN

Gross domestic product (GDP) contracted by 0.3% on a quarterly basis between April and June and was up 0.6% year-on-year, national statistics bureau ISTAT said. ISTAT gave no numerical sector breakdown of its preliminary second-quarter GDP estimate, but said industry and agriculture output decreased whereas services grew marginally. The 0.3% contraction left Italy with so-called "carryover" growth of 0.8% this year, assuming GDP would be flat in the remaining two quarters. "Italy is an advanced industrial country and the weakness in industry is much more important than the tourism sector for the economy's health," said Lorenzo Codogno, head of LC Macro Advisors and former chief economist at Italy's Treasury. ISTAT also said annual inflation slowed to 6.4% in July from 6.7% in June, on a EU-harmonised consumer prices.

Persons: Giorgia Meloni, Franziska Palmas, Intesa, Lorenzo Codogno, Alvise Armellini, Elvira Pollina, Sharon Singleton, Alistair Bell Organizations: Gross, Reuters, Capital Economics, ISTAT, LC Macro Advisors, Italy's Treasury, Thomson Locations: ROME, Italy, Rome, Milan

☆ Pirelli gets new board after battle over Chinese influence
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

MILAN, July 31 (Reuters) - Pirelli (PIRC.MI) investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company's leading Chinese investor. Andrea Casaluci, previously General Manager Operations, has been promoted to CEO, Pirelli said in a statement. Pirelli's new chairman is Jiao Jian, the chief executive of leading shareholder Sinochem (600500.SS), the state-owned Chinese group. The intervention strengthened the influence of Camfin even though it has a smaller stake than Sinochem in the company, the tyre supplier for Formula One motor racing. As part of the measures, Camfin retained the power to designate Pirelli's CEO and set strategies, with limited power for Sinochem to influence the group's management.

Persons: Andrea Casaluci, Pirelli, Marco Tronchetti Provera, Provera, Jiao Jian, Sinochem, Camfin, Giulio Piovaccari, Alvise Armellini, Mark Potter Organizations: MILAN, Pirelli, Formula, Thomson Locations: Italian, Sinochem, China's

☆ Pope urges Russian 'brothers' to restore Black Sea grain deal
▼ + stars: | 2023-07-30 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

VATICAN CITY, July 30 (Reuters) - Pope Francis on Sunday called on Russia to reverse its decision to abandon the Black Sea grain deal, under which it had allowed Ukraine to export grain from its seaports despite the ongoing war. "I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely," Francis said during his weekly Angelus message. Global wheat prices have spiked since Russia on July 17 quit the pact, which was brokered by the United Nations and Turkey in July 2022, and began targeting Ukrainian ports and grain infrastructure on the Black Sea and Danube River. Addressing crowds in St Peter's Square, the pope urged the faithful to continue praying "for martyred Ukraine, where war is destroying everything, even grain," calling this "a grave insult to God." Russia walked out of the Black Sea deal after saying its demands to ease sanctions on its own grain and fertilizer exports had not been met.

Persons: Pope Francis, Francis, Angelus, Vladimir Putin, Azali Assoumani, Cardinal Matteo Zuppi, Zuppi, Alvise Armellini, Angus MacSwan, Susan Fenton Organizations: CITY, Russian Federation, United, African Union, Thomson Locations: Russia, Ukraine, United Nations, Turkey, St Peter's, Moscow, Africa, Kyiv, Washington

☆ Joining China's Belt and Road was an 'atrocious' decision, Italian minister says
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +2 min

[1/2] Italy's biggest container port Gioia Tauro is seen from a helicopter in the southern Italian region of Calabria, November 8, 2012. REUTERS/Alessandro BianchiROME, July 30 (Reuters) - Italy made an "improvised and atrocious" decision when it joined China's Belt and Road Initiative (BRI) four years ago as it did little to boost exports, Italian Defence Minister Guido Crosetto said in an interview published on Sunday. The BRI scheme envisions rebuilding the old Silk Road to connect China with Asia, Europe and beyond with large infrastructure spending. "The decision to join the (new) Silk Road was an improvised and atrocious act" that multiplied China's exports to Italy but did not have the same effect on Italian exports to China, Crosetto told the Corriere della Sera newspaper. Because it is true that China is a competitor, but it is also a partner," the defence minister added.

Persons: Gioia Tauro, Alessandro Bianchi ROME, Guido Crosetto, Crosetto, Joe Biden, Giorgia Meloni, Meloni, Alvise Armellini, David Evans Organizations: Gioia, REUTERS, Initiative, Italian, della Sera, TG5, Thomson Locations: Italian, Calabria, Italy, China, Asia, Europe, Beijing, TG5 Italian

☆ Thousands protest against Germany's far-right AfD party
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +2 min

MAGDEBURG, Germany, July 29 (Reuters) - Thousands took to the streets to protest against the far-right Alternative for Germany (AfD) on Friday and Saturday as the party held a convention to choose its candidates for European parliamentary elections next year. Polling at 22% behind the opposition conservatives, the AfD denies it is a Nazi party. [1/5]People gather on the day of the European election assembly 2023 of the Alternative for Germany (AfD) in Magdeburg, Germany, July 29, 2023. Germany's main opposition leader Friedrich Merz was on Monday forced to row back from comments suggesting he could work with the AfD at a local level. Vocal among the protesters in Magdeburg were "Grannies against the far-right" calling for an end to racism and far-right politics.

Persons: Alice Weidel, Friedrich Merz, Merz, Maria Martinez, Oliver Denzer, Alvise Armellini, Giles Elgood Organizations: Protesters, Nazi, Analysts, Repubblica, REUTERS, Christian Democrats, CDU, Vocal, Thomson Locations: MAGDEBURG, Germany, Magdeburg

☆ Spanish Socialists lose seat, after expat vote count, making it harder to form government
▼ + stars: | 2023-07-29 | by ( Graham Keeley | ) www.reuters.com time to read: +4 min

Counting of votes from over 233,000 Spaniards living abroad handed one seat in Madrid to the PP that had been awarded to the Socialists in the initial vote count, the PP and Socialists said on Saturday. To form a government, an absolute majority is needed in a parliamentary vote in the 350-seat Congress. This meant Sanchez only had to persuade Junts to abstain, to be voted back into power with a simple majority. Alberto Nunez Feijoo, the PP leader, is still determined to try to form a right-wing coalition. Sumar leader Yolanda Díaz called on all "progressive forces" to support Sanchez.

Persons: Pedro Sanchez, Juan Medina, Sunday's, Esquerra, Junts, Sanchez, EH, Vox, Pablo Simon, Alberto Nunez Feijoo, Feijoo, Pedro Rollan, Sumar, Yolanda Díaz, Graham Keeley, Alvise Armellini, Frances Kerry Organizations: Socialist, REUTERS, Spain's Socialists, Reuters, ERC, Socialists, Vox, Union of, Canarian Coalition, Basque Nationalist Party, Galician Nationalist Bloc, UPN, Canaries, PP, Carlos III University, Italian, Repubblica, Thomson Locations: Madrid, Spain, BARCELONA, Catalan, Basque, Junts, Catalonia, Spanish, Rome

☆ Italy's Leonardo to focus on 'bytes and data', new CEO says
▼ + stars: | 2023-07-28 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

ROME, July 28 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. "Defence is increasingly made with bytes and data, instead of bullets," Cingolani said during a call with analysts, announcing a new industrial plan that will be unveiled in early 2024. In the first half of 2023, Leonardo's new orders rose to almost 8.7 billion euros ($9.60 billion), up 18.9% year-on-year, while group net debt fell to 3.6 billion euros from 4.8 billion euros in the first half of last year. H1 revenues were up 4.8% to just under 6.9 billion euros, while earnings before interest, taxes depreciation and amortisation (EBITDA) rose by 3.5% to 703 million euros. Leonardo's confirmed guidance for 2023 includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.

Persons: Leonardo, Roberto Cingolani, Cingolani, Leonardo's, Alvise Armellini, Gavin Jones, Deepa Babington Organizations: Defence, Thomson Locations: Ukraine, Italy, Britain, Japan, Leonardo's Milan

☆ Wreck of ancient Roman cargo ship found off the coast near Rome
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

ROME, July 28 (Reuters) - The wreck of an ancient Roman cargo ship from more than 2,000 years ago has been found off the coast near Rome, the arts squad of Italy's Carabinieri police said on Friday. The ship was located off the port of Civitavecchia, about 80 kilometres (50 miles) north-west of the Italian capital, on a sandy seabed at a depth of about 160 metres (525 ft), a statement said. "The exceptional discovery is an important example of the shipwreck of a Roman ship facing the perils of the sea in an attempt to reach the coast, and bears witness to old maritime trading routes," the Carabinieri said. It was not immediately clear whether any attempt would be made to recover it or its cargo from the bottom of the sea. Reporting by Alvise Armellini Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Alvise, Keith Weir Organizations: Thomson Locations: Rome, Civitavecchia

☆ Animal rights campaigners urge Pope Francis to denounce bullfighting
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] Activists from the animal rights group PETA (People for the Ethical Treatment of Animals) protest against bullfighting near Vatican, in Rome, Italy, July 28, 2023. REUTERS/Antonio DentiVATICAN CITY, July 28 (Reuters) - A group of animal rights activists gathered near the Vatican on Friday dressed in red capes and fake horns to urge Pope Francis to denounce what they see as the barbaric practice of bullfighting. "Catholic Church: Silence is Violence! Denounce bullfighting," read a banner held up by the activists near the ancient Roman Castel Sant'Angelo fortress on the banks of the River Tiber, in view of St Peter's Basilica. Since bullfighting events "are often held in honour of Catholic saints or during holy Christian celebrations, the Catholic Church can and must help end this abuse by publicly condemning bull torture in the name of religion," animal rights group PETA said in a statement.

Persons: Antonio Denti, Pope Francis, Castel, Pope Pius V, Alvise, Peter Graff Organizations: PETA, REUTERS, CITY, Catholic, Roman Catholic Church, PETA Italy, Reuters, Thomson Locations: Vatican, Rome, Italy, Castel Sant'Angelo, Peter's

☆ Asia, Europe provide impetus for Prada in first half
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

MILAN, July 27 (Reuters) - Italy's Prada posted 20% growth at constant exchange rate in first half sales, just below consensus, but profitability jumped by more than expected. Revenues at the luxury group, listed in Hong Kong, totalled 2.232 billion euros ($2.49 billion), boosted by Asia and Europe and despite lower retail sales in the Americas. Strong momentum at its smaller Miu Miu also helped to support sales growth. Analysts expected 2.275 billion euros, according to a consensus gathered by Reuters. Adjusted earnings before interest and taxes (EBIT) jumped to 491 million euros from 305 million euros in the first six month of last year and compared to analysts' estimate of around 460 million euros.

Persons: Italy's Prada, Miu Miu, Andrea Guerra, Elisa Anzolin, Alvise Organizations: MILAN, Reuters, Thomson Locations: Hong Kong, Asia, Europe, Americas

☆ 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

Before he was fired by Pope Francis over another issue, Becciu was one of the most powerful men in the Vatican. The Vatican sold the building last year, taking an estimated loss of about 140 million euros. The others on trial include several Vatican employees and two outside brokers who the Vatican has accused of extortion. He asked the court to confiscate 172 million euros of Mincione's assets and 71 million euros of Torzi's. At the time of Becciu's firing, he was also stripped of what the Vatican then said were his "rights associated with being a cardinal".

Persons: Becciu, Cardinal Angelo Becciu, Pope Francis, Alessandro Diddi, Diddi, Raffaele Mincione, Rene Bruelhart, Tommaso Di Ruzza, Cecilia Marogna, Phil Pullella, Andrew Heavens, Toby Chopra, Alison Williams Organizations: VATICAN CITY, Vatican, of State, Vatican's Financial Intelligence, Thomson Locations: London, Vatican, Swiss, Mali, al Qaeda

☆ Energy storage firm Nhoa considers partnership for EV charging unit
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

MILAN, July 26 (Reuters) - Energy storage and e-mobility firm Nhoa (NHOA.PA) is considering teaming up with a partner to develop Atlante, its fast-charging network for electric vehicles (EV) in southern Europe, the Milan-based group said on Wednesday. Launched in 2021, Atlante plans to further develop its current network of 1,200 charging points, with plans to install about 2,000 new stations across Italy, France, Portugal and Spain. The entrance of a strategic partner is one of the options Nhoa is considering to expand its network to over 20,000 charging points by 2030, according to a presentation during the group's capital market day. Paris-listed Nhoa posted a core profit loss of 16.8 million euros in the first half of 2023, compared to a 5.8-million-euros loss in the same period of last year, due to investments in its capital-intensive EV charging unit. The company improved its 2023 full-year sales outlook to 250-280 million euros from a previous target of 220-280 million, euros after a 48% revenue increase in the six months ending June.

Persons: Carlalberto Guglielminotti, Elvira Pollina, Alvise Armellini, David Evans Organizations: MILAN, Atlante, Thomson Locations: Europe, Milan, Italy, France, Portugal, Spain, Paris

☆ Palermo airport closed, two killed in north as fires and storms batter Italy
▼ + stars: | 2023-07-25 | by ( Federico Maccioni | ) www.reuters.com time to read: +2 min

[1/5] Firefighters work to extinguish a wildfire burning near the Sicilian village of Curcuraci near Messina, Italy, July 25, 2023. Vigili del Fuoco/Handout via REUTERSMILAN, July 25 (Reuters) - Wildfires forced the closure of Palermo airport in Sicily on Tuesday as extreme weather continued to batter Italy, with severe storms causing damage and at least two deaths in the north of the country. The island's main airport of Catania, Italy's fifth-biggest, was closed last week due to a fire in a terminal building and has reopened only for a few flights. On Tuesday, Italy put 16 cities on red alert because of the high temperatures. Italy is one of the European countries most affected by climate change, and suffered deadly floods in May.

Persons: Italy's, Federico Maccioni, Alvise, Keith Weir Organizations: REUTERS, Twitter, Catania, Thomson Locations: Curcuraci, Messina, Italy, Handout, REUTERS MILAN, Palermo, Sicily, Catania, Europe, Milan, Monza, Brescia, New York, Milan's Malpensa, Rome

☆ Pope tells transgender person: 'God loves us as we are'
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

VATICAN CITY, July 25 (Reuters) - Pope Francis has told a young transgender person that "God loves us as we are", his latest outreach gesture towards the LGBT community. One of the young people was Giona, an Italian in their early 20s who said they were "torn by the dichotomy between (their Catholic) faith and transgender identity". The Catholic Church teaches that members of the LGBT community should be treated with respect, compassion and sensitivity, and their human rights respected. Whether the Church can and should be more welcoming towards LGBT people, for example by offering blessings for same-sex unions, is a particularly sensitive topic. He backs civil laws giving same-sex couples rights in bureaucratic matters such as pensions and health care.

Persons: Pope Francis, Francis, Alvise, Philip Pullella, Mark Heinrich Our Organizations: CITY, Vatican, Catholic, Catholic Church, Thomson Locations: Portugal

☆ Wildfires bring death and destruction to Mediterranean
▼ + stars: | 2023-07-25 | by ( Fedja Grulovic And Lamine Chikhi | ) www.reuters.com time to read: +4 min

Without human-induced climate change, the events this month would have been "extremely rare", according to a study by World Weather Attribution, a global team of scientists that examines the role played by climate change in extreme weather. The heat, with temperatures topping 40 Celsius (104 Fahrenheit), is well in excess of what usually attracts tourists who flock to southern European beaches. Neighbouring Algeria deployed some 8,000 firefighters to bring its deadly fires under control, authorities said. Malta, another major Mediterranean holiday destination, suffered a raft of power cuts across the country, affecting its largest hospital, after a week-long heatwave. "I have been through 65 summers in my lifetime... and what I am seeing now is not normal, we can no longer deny it, climate change is changing our lives," Mayor Giuseppe Sala said on social media.

Persons: Rhodes Blaze, RHODES, Ramzi Boudina, Kyriakos Mitsotakis, Rhodes, Lanai Karpataki, Europe's sweltering, Giuseppe Sala, Angeliki Koutantou, Renee Maltezou, Federico Maccioni, Alvise, Lamine Chikhi, Jana Choukeir, Nayera Abdalla, David Stanway, Keith Weir, Janet Lawrence Organizations: REUTERS, Thomson Locations: Algeria, Rhodes, Palermo, Tunisia, Malta, ALGIERS, Sicily, China, United States, Europe, North Africa, Bejaia, Kiotari, Europe's, Milan

ATHENS/ROME, July 13 (Reuters) - Southern Europe sweltered under a fierce heatwave on Thursday, with a warning that temperatures could hit record highs for the continent next week. Health authorities issued a top, red alert warning for 10 Italian cities for the next two days, including Rome, Florence, Bologna and Perugia. Weather forecasts and official records are based on the air temperature which is significantly lower than the land surface reading. The record European temperature of 48.8C was registered in Sicily in August 2021 and could be exceeded next week, according to the European Space Agency. "With this solitude and this heat emergency, we see an explosive mix," he told a press conference.

Persons: Europe's sweltering, Luca Lombroso, Marco Impagliazzo, It's, Michele Kambas, Pietro Lombardi, Emma Pinedo, Keith Weir, Crispian Balmer, Emelia Organizations: Italian Meteorological Society, Health, Agency's Sentinel, European Space Agency, Catholic, Thomson Locations: ATHENS, ROME, Southern Europe, Islands, Italy, Cyprus, Greece, Athens, Europe's, Lodi, Rome, Florence, Bologna, Perugia, Spain, Extremadura, Sicily

☆ Italy's Meloni draws fire over food aid aimed at families with children
▼ + stars: | 2023-07-13 | by ( Federica Urso | ) www.reuters.com time to read: +2 min

"The government is there and is ready to do its part to help Italians in the best possible way", Meloni said in a message that presented the 500,000-euro scheme as relief against high inflation. However, the card is reserved for households with at least three members, preferably with children, in a move seen as favouring traditional families. Noting that the allowance amounts to about one euro per day for a year, she described it as a "zero impact" policy. "Being in need is no longer enough, now you need to be in need and also be a certain type of person considered deserving of help," he said. ($1 = 0.8946 euros)Reporting by Federica Urso Additional reporting by Alvise Armellini and Gavin Jones Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Giorgia, Meloni, Elly Schlein, Confcommercio, Marco Impagliazzo, Filippo Barbera, Federica Urso, Alvise Armellini, Gavin Jones, Mark Potter Organizations: Democratic Party, Catholic, Turin University, Thomson Locations: Italian, Rome

[1/4] Italian artist Michelangelo Pistoletto's 'Venus of the Rags' is displayed in Piazza Municipio before being destroyed in a fire, in Naples, Italy July 1, 2023. REUTERS/Ciro De LucaROME, July 12 (Reuters) - An open-air installation of "Venus of the Rags", one of the most famous works by Italian contemporary artist Michelangelo Pistoletto, was destroyed by an arson attack in Naples, Mayor Gaetano Manfredi said on Wednesday. The "Venus of the Rags", a symbol of the Arte Povera movement which counts Pistoletto among its leading members, shows the Roman goddess of love, beauty and fertility standing next to a pile of rags. The installation, first created in 1967, is meant to convey the juxtaposition between eternal beauty, represented by the goddess Venus, and modern society's social degradation and consumerism. Editing by Raissa Kasolowsky and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Michelangelo Pistoletto's, Ciro De Luca ROME, Michelangelo Pistoletto, Gaetano Manfredi, Manfredi, Venus, Adnkronos, Pistoletto, Raissa Kasolowsky Organizations: REUTERS, Arte, Thomson Locations: Italian, Piazza Municipio, Naples, Italy, Piazza del

☆ Intesa CEO: bank to expand in wealth management thanks to technology
▼ + stars: | 2023-07-11 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

MILAN, July 11 (Reuters) - Thanks to cost-saving investments in technology, Intesa Sanpaolo (ISP.MI) plans to grow its market share in wealth management without having to make any acquisitions, Chief Executive Carlo Messina said on Tuesday. Presenting a new digital financial advisory service for private banking customers, weeks after launching the group's new digital bank for mass-market clients, Messina said Intesa was increasingly acquiring fintech features. In a similar fashion, Intesa said it was lunching Fideuram Direct, using technology to serve younger and less demanding private banking clients. "We can imagine for example the son of one of our private banking customers as a Fideuram Direct customer," he said. Fideuram Direct, the new digital service, has already 60,000 clients and 2.5 billion euros in AUMs, Intesa said.

Persons: Intesa, Carlo Messina, Messina, Tommaso Corcos, Corcos, Valentina Za, Alvise Armellini, Keith Weir Organizations: MILAN, Thomson Locations: AUMs

[1/5] Firefighters work at the scene following a fire in a retirement home in Milan, Italy, July 7, 2023. REUTERS/Claudia GrecoMILAN, July 7 (Reuters) - An overnight fire in a retirement home in Milan killed six people and injured around 80, including three who are in a critical condition, Italian authorities said on Friday. Two residents burned to death in their room, while four others died from intoxication, Milan Mayor Giuseppe Sala said, speaking to reporters on the scene. Having said that, six dead is a very heavy death toll," Sala said, indicating that the facility housed 167 people. They evacuated about 80 people, including many in wheelchairs, while another 80 or so were taken to hospital, local firefighters' chief Nicola Miceli told RAI public television.

Persons: Claudia Greco MILAN, Giuseppe Sala, Sala, Firefighters, Luca Cari, Nicola Miceli, Lucia, Giselda Vagnoni, Keith Weir Organizations: REUTERS, Milan, Firefighters, RAI, Thomson Locations: Milan, Italy, Corvetto

☆ Berlusconi leaves control of family business to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly worth around 53% in the Fininvest family holding company, the source said, confirming an earlier report from ANSA news agency. Marina chairs Fininvest while Pier Silvio has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which has long been the jewel in the family's crown. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business. Berlusconi, who founded a business empire based on real estate and then television, died in Milan.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Silvio, Barbara, Eleonora, Berlusconi, Paolo, Marcello Dell'Utri, Fascina, Milan's, Villa San, Villa, Costa, Vladimir Putin, Tony Blair, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Fininvest SpA, Reuters, Forza Italia, Italian Serie A, Monza, Villa, British, Thomson Locations: Milan, Italy, Marina, Fininvest, Raffaele, Italian, Villa San Martino, Arcore, Russian

☆ Berlusconi leaves control of business empire to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina, 56, chairs Fininvest while Pier Silvio, 54, has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which their father founded. Forbes estimated that the overall Berlusconi family assets, which include luxury properties in Milan, Rome and Sardinia, were worth around $6.8 billion. Brash, ebullient and a four-time prime minister, Berlusconi was a media mogul and political showman whose financial and sexual scandals made him the most polarising figure in modern Italy. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Fininvest, Brash, ebullient, Berlusconi, Silvio, Barbara, Eleonora, Paolo, Marcello Dell'Utri, Fascina, Milan's, Giorgia Meloni's, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Marina, Italian Serie A, AC Monza, Banca Mediolanum, Forbes, Fininvest SpA, Reuters, MARTA Berlusconi, Forza Italia, Thomson Locations: Milan, Italy, Italian, Rome, Sardinia, Raffaele

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