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☆ Italy, KKR discussing terms of state investment into fixed line grid - sources
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. The preliminary agreement could be signed as early as this week, one of the sources said, adding that discussions were still ongoing. The Treasury could join KKR in its preliminary 23 billion euro ($25 billion) bid for TIM's grid and secure a government stake in the venture that will own the network, alongside other potential state-backed investors, the sources said. Debt-laden TIM has granted KKR an exclusivity period until the end of September to negotiate a binding bid for Netco, a venture comprising both TIM's fixed domestic access grid and submarine cable unit Sparkle. ($1 = 0.9127 euros)Reporting by Elvira Pollina and Giuseppe Fonte; writing by Valentina Za; Editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Elvira Pollina, Giuseppe Fonte, Valentina Za, Alvise Organizations: Telecom Italia, REUTERS, Treasury, KKR, Telecom Italia's, TIM, Netco, Thomson Locations: MILAN

☆ Telecom Italia's quarterly core profit rises as domestic revenues edge up
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

which was above a company-provided analyst consensus of 1.3 billion euros. TIM's net financial debt rose to 26.1 billion euros ($28.57 billion) as of June 30 from 24.6 billion euros in the same period last year. The company confirmed its financial targets for 2023, including a stabilisation of service revenue and core earnings at the domestic level. The government has special vetting powers on any deal involving TIM's grid and wants to join KKR's bid to keep a strategic oversight on Italy's main telecommunications infrastructure. The grid sale has faced heavy reservations from TIM's top investor, Vivendi (VIV.PA), which is demanding a higher valuation to back a deal.

Persons: Yara, Pietro Labriola, Giorgia, Elvira Pollina, Urvi, Chris Reese, Leslie Adler Organizations: REUTERS, Telecom Italia, KKR, TIM, U.S, TIM's, Vivendi, Thomson Locations: Rome, Italy, Milan, Bengaluru

Stablecoins are a type of cryptocurrency which aim to keep a constant value and are usually backed by traditional assets such as dollars. Tether's reserves report, signed off by accountants BDO Italia, says Tether's assets rose to $86.5 billion in the three months to June 30, 2023, up 5.7% from the previous quarter and a record high, according to previous reports on its website. Tether is a key cog in global digital asset trading, with many crypto-to-crypto trades denominated in the stablecoin. U.S. regulators have warned banks that stablecoin reserves could be subject to rapid outflows, for example if holders rushed to exchange such tokens back into traditional currency. Tether's holdings of U.S. Treasury Bills hit $55.8 billion, up 5.2% from the end of March, while non-U.S. Treasury Bills rose to $62.9 million, up more than 30% from the previous quarter, the report said.

Persons: Elizabeth Howcroft, Christina Fincher Organizations: BDO Italia, Treasury Bills, U.S . Treasury Bills, New York Attorney, Thomson Locations: . U.S, U.S

☆ Lopez provisionally suspended for potential anti-doping rule violation -UCI
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Colombian rider Miguel Angel Lopez has been provisionally suspended for a potential anti-doping rule violation, the International Cycling Union (UCI) said on Tuesday. Lopez, currently of Colombian Team Medellin-EPM, has been notified of a potential violation for use and possession of a prohibited substance in the weeks prior to the Giro d'Italia in 2022, the UCI said in a statement. The material includes evidence obtained from Spanish law enforcement authorities and the Spanish Anti-Doping Organisation (CELAD) during an investigation into Marcos Maynar. He recently won the Colombian National Time Trial Championships. Reporting by Anita Kobylinska in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Miguel Angel Lopez, Lopez, Marcos Maynar, Qazaqstan, Anita Kobylinska, Toby Davis Organizations: International Cycling Union, UCI, Colombian Team Medellin, International Testing Agency, Doping, Astana, Tour de France, Tour de Suisse, Volta, Colombian, Thomson Locations: Colombian, Spanish, Espana, Catalunya, Gdansk

☆ Britain's first million pound player Francis dies of heart attack
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Former England forward Trevor Francis, Britain's first one million pound ($1.28 million) player, has died at the age of 69 after suffering a heart attack, his family said on Monday. "Trevor Francis has died at the age of 69. Francis won the European Cup in 1979 and 1980 and the European Super Cup in 1979 with Forest under Brian Clough. "Nottingham Forest is deeply saddened to learn the passing of two-time European Cup winner, Trevor Francis," the Premier League club said. "Manchester City are deeply saddened at the passing of our former player Trevor Francis," City tweeted.

Persons: Trevor Francis, Britain's, Francis, We're, Trevor Francis ., Brian Clough, Trevor, Pearl Josephine Nazare, Ken Ferris Organizations: Birmingham City, Nottingham Forest, Manchester City, Sheffield Wednesday, Malmo, England, Football Association, European, Forest, Coppa Italia, Sampdoria, Premier League, Queens Park Rangers, Crystal, Thomson Locations: England, Nottingham, Manchester, Birmingham, Forest, Spain, commiserations, Andrew's, Bengaluru

☆ Ireland embracing underdog role in Women's World Cup debut
▼ + stars: | 2023-07-19 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

[1/3] Soccer Football - FIFA Women's World Cup Australia and New Zealand 2023 - Group B - Republic of Ireland Press Conference - Stadium Australia, Sydney, Australia - July 19, 2023 Republic of Ireland's Katie McCabe during the press conference REUTERS/Carl Recine/File PhotoSYDNEY, July 19 (Reuters) - Underdog Republic of Ireland plan to approach their historic Women's World Cup debut as they have every victory in their improbable run to the global women's showcase - by "outbelieving" their opponents. Ireland clinched their World Cup berth with a nerve-jangling victory over Scotland in a playoff at Hampden Park. People in Ireland often reference the men's World Cup debut in Italy in 1990, McCabe said. She hopes people back home will recall the women's debut in similar fashion, that it will be their "Italia '90." "It's the first time that we at this world stage which is massive, the way we've come here is something to be really, really proud of.

Persons: Ireland's Katie McCabe, Carl Recine, Vera Pauw's, Pauw, Amber Barrett, tugging, Denise O'Sullivan, Katie McCabe, McCabe, I'm, Lori Ewing, Angus MacSwan Organizations: Soccer Football, FIFA, of Ireland Press, Republic, Australia, Ireland, Scotland, Hampden, Arsenal, Players, Italia, Sydney Airport, Olympic, Canada, Thomson Locations: New Zealand, Australia, Sydney, Republic, Republic of Ireland, Ireland, Dutch, Donegal, Colombia, Brisbane, Italy, Nigeria

☆ Tour leader Vingegaard welcomes scepticism about performances
▼ + stars: | 2023-07-16 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

SAINT GERVAIS, France, July 16 (Reuters) - Jonas Vingegaard and Tadej Pogacar have made such a huge impression in the Tour de France that, in a sport that was marred by doping scandals, doubts about their performances have arisen but Denmark's defending champion welcomes the scepticism. On Sunday, Pogacar and Vingegaard clocked 18:27 on the final climb, beating four-time Tour winner Chris Froome's record by 42 seconds. "So yes, I fully understand the questions we're getting about it (our performances)," said Vingegaard. In 2006, Floyd Landis became the first Tour winner to fail a drugs test during the race after testing positive for the male sex hormone testosterone. The Kazakh’s Astana team left the Tour and sacked Vinokourov, who denied any wrongdoing, and Tour leader Michael Rasmussen was then fired by his Rabobank team during the race for lying about his whereabouts in training.

Persons: SAINT GERVAIS, Jonas Vingegaard, Tadej, France's Guillaume Martin, Dane, Carlos Rodriguez, Vingegaard, Chris Froome's, Marco Pantani, Joux, it's, Lance Armstrong, Jan Ullrich, Giro, Ivan Basso, Floyd Landis, Alexandre Vinokourov, Vinokourov, Michael Rasmussen, Julien Pretot, Ken Ferris Organizations: Tour de, Slovenian, Cycling, Kazakh’s Astana, Rabobank, Thomson Locations: France, Slovenian, Puerto

☆ Italy foreign minister Tajani succeeds Berlusconi as Forza Italia chief
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

ROME, July 15 (Reuters) - Italian Foreign Minister Antonio Tajani was elected on Saturday as leader of Forza Italia, the conservative party founded 29 years ago by billionaire media tycoon Silvio Berlusconi who died last month. "I am receiving an almost impossible inheritance," he told the Rome gathering of Forza Italia's national, European and local representatives. Forza Italia is the junior partner among the three main parties in Giorgia Meloni's right-wing government, behind the premier's own Brothers of Italy and Matteo Salvini's League. Recent polls put Forza Italia's support at about 7%, behind the League on around 10% and Brothers of Italy close to 30%. After beginning his political activity in a tiny monarchist movement in the 1980s, Tajani joined Forza Italia when it was founded in 1994 and was Berlusconi's spokesman in his first government that year.

Persons: Antonio Tajani, Silvio Berlusconi, Tajani, Berlusconi, Matteo Salvini's, Gavin Jones, David Holmes Organizations: Forza Italia, Forza Italia's, League, Thomson Locations: Italy, Brussels, Rome, Giorgia

☆ 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

☆ Tour de France 2023: Rider safety in the spotlight after death of Gino Mäder
▼ + stars: | 2023-06-30 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

In June, Swiss rider Gino Mäder died aged 26 following a crash on the fifth stage of the Tour de Suisse. Gino Mäder competes in the fourth stage of the 2023 Tour de Suisse. “I think especially for everyone who was at the race [Tour de Suisse], that was pretty hard hitting,” the British rider told reporters on Wednesday. A pedestrian walks past a giant yellow jersey ahead of the 110th edition of the Tour de France in Bilbao. Goyvaerts/AFP/BELGA/Getty ImagesElsewhere, 2019 Tour de France champion Egan Bernal is competing in his first Grand Tour event since suffering serious injuries in a crash last year.

Persons: CNN —, Gino Mäder, Mäder, Magnus Sheffield, Dario Belingheri, Adam Hansen, Associés, Hansen, it’s, ” Hansen, “, Tom Pidcock, Ineos, we’re, Joel Sagat, ” Jonathan Vaughters, ”, we’ve, –, Marco Bertorello, Jonas Vingegaard, Dauphiné, Vingegaard, Jumbo –, Tadej, Pogačar, Egan Bernal Organizations: CNN, de France, Tour de Suisse, de Suisse, Tour de France, CNN Sport, –, Suisse, Getty, CPA, Union Cycliste Internationale, Post, Guardian, “, UAE Emirates, Goyvaerts, de, USA Network, NBC, Eurosport, ITV Locations: Swiss, La Punt, Chur, 100kph, lycra, AFP, Dauphine, Switzerland, France, Bilbao, Spain, Paris, Danish, Slovenian, Pogačar, UAE

☆ ICICI Bank is dealmaking from a place of strength
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

The $80 billion ICICI Bank (ICBK.NS) is weighing up a delisting of its broking firm ICICI Securities (ICCI.NS), the news prompted a 10% rally in the shares of the $2.4 billion unit. This time the country’s second largest private sector lender is dealmaking from a position of strength. It was one among a flurry of subsidiary IPOs that battered lenders including State Bank of India (SBI.NS) undertook to generate cash. ICICI Bank was particularly vulnerable, with then CEO Chanda Kochhar battling allegations of dodgy lending to the Videocon group. ICICI Securities trades at roughly 18 times trailing earnings but went public at more than twice that valuation, Centrum Broking calculated at the time.

Persons: Chanda Kochhar, Sandeep Bakhshi, Shritama Bose, Blackstone, Aston Martin, Una Galani, Thomas Shum Organizations: Reuters, ICICI Bank, ICICI Securities, State Bank of India, Twitter, Siemens, Telecom Italia, Vivendi, Thomson Locations: MUMBAI, Canada

☆ Aston Martin pulls out of slow lane in EV race
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 26 (Reuters Breakingviews) - Aston Martin Lagonda’s (AML.L) route to viability is a brain-teaser worthy of Q, James Bond’s quartermaster famous for turning everyday objects into whizzy tools. The 2.6 billion pound carmaker’s latest deal with $11 billion Lucid (LCID.O) shows the marque made famous by the fictional spy is, however, making progress. The deal with Lucid – majority-owned by the PIF, handily enough – will make Aston’s ambition to roll out its first electric vehicle by 2025 more credible. The deal sent Aston shares up over 9% in early Monday trading. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Aston Martin Lagonda’s, Q, James Bond’s, Aston, Lawrence, –, Mercedes, Neil Unmack, George Hay, Oliver Taslic Organizations: Reuters, Jefferies, Public Investment Fund, Porsche, Mercedes, Benz, U.S, Aston, Twitter, Canada, Siemens, Telecom Italia, Vivendi, Thomson

☆ Blackstone deal is a bright spot in gloomy sector
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 26 (Reuters Breakingviews) - The U.S. commercial real estate industry is mired in gloom, but some pockets are still sunny. The portfolio includes 14 million square feet of industrial properties in cities like Atlanta, Phoenix and Dallas, and the deal is premised in part on rising rents. According to the two companies, the net operating income generated by the warehouses is 4% of the acquisition price. Meanwhile, listed real estate investment trusts which own industrial warehouses trade at a narrowing discount to net asset value, according to S&P Global Market Intelligence. In a gloomy sector, so-called big boxes are a bright spot.

Persons: Steve Schwarzman, Avison Young, Jennifer Saba, Aston Martin, Peter Thal Larsen, Oliver Taslic Organizations: YORK, Reuters, U.S, P Global Market Intelligence, Twitter, Siemens, Telecom Italia, Vivendi, Thomson Locations: Atlanta, Phoenix, Dallas, Canada

☆ Telecom Italia grid talks leave Vivendi in a bind
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 23 (Reuters Breakingviews) - Telecom Italia (TLIT.MI) is moving ahead with the long-awaited sale of its grid. The 5.5 billion euro Italian group has entered exclusive talks with private equity powerhouse KKR (KKR.N), and wants a binding offer by Sept. 30. Vivendi however is valuing the NetCo at 31 billion euros. A 26 billion euro price tag would imply an EV/EBITDA multiple of 14 times. That’s almost three times that of Vodafone (VOD.L) or Telefonica (TEF.MC), assuming the grid’s EBITDA at 1.8 billion euros, according to Barclays estimates.

Persons: Pietro Labriola, Il Messaggero, That’s, – Labriola, Pamela Barbaglia, Pierre Briancon, Oliver Taslic Organizations: Reuters, Telecom, KKR, Vivendi, hardball, Telecom Italia’s, Vodafone, Telefonica, Barclays, Twitter, Intel, Thomson Locations: Rome, York, French

☆ Siemens Energy’s green windfall fades over horizon
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 23 (Reuters Breakingviews) - It would be logical to assume that wind turbine manufacturers would be the first to benefit from the many government incentives designed to combat climate change. The German company issued late on Thursday a major profit warning, and scrapped its profit guidance this year. Siemens Energy’s stock dropped by more than 30% on Friday morning, wiping some 5.5 billion euros off the company’s market price. After Friday’s hit, Siemens Energy is trading at 0.4 times sales, way below rival Vestas Wind Systems’ (VWS.CO) multiple of 1.7. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Christian Bruch, Friday’s, Karen Kwok, Pierre Briancon, Oliver Taslic Organizations: Reuters, Siemens Energy, Siemens, Systems, Twitter, Telecom Italia, Vivendi, Intel, Thomson

☆ Canada is calling Meta’s bluff
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

If Australia is any guide, Meta’s intended blackout will likely be short-lived. Meta has insisted it is unfair to expect the company to pay publishers when it drives traffic to their websites. Lawmakers are pushing for similar rules in Meta’s home state of California and in the U.S. Congress. Meta says it makes 40% of its revenue, which was $117 billion last year, in the U.S. and lists Australia and Canada among its most significant regions. If Canada calls Meta’s bluff, the tech giant may just as easily fold against Uncle Sam.

Persons: Meta, Mark Zuckerberg’s, Uncle Sam, Anita Ramaswamy, Jennifer Saba, Katrina Hamlin Organizations: YORK, Reuters, Facebook, Google, U.S . Congress, Meta, Twitter, Siemens, Telecom Italia, Vivendi, Intel, Thomson Locations: Canada, Australia, California, U.S

☆ Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - Telecom Italia (TLIT.MI) is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on Thursday, citing people familiar with the matter. Telecom Italia did not immediately respond to a Reuters' request for comment. The company set out to launch a sale process for a minority stake in its enterprise service arm last year. The enterprise business unit combines the phone group's connectivity services as well as cloud, cybersecurity and internet of things (IoT)operations. The telecom company rejected a nonbinding bid by CVC Capital Partners last year for a stake of up to 49% in its enterprise business.

Persons: Pietro Labriola, Bloomberg, Akanksha, Jacqueline Wong Organizations: Telecom, Bloomberg, Telecom Italia, CVC Capital Partners, Thomson Locations: Bengaluru

KKR's approach incorporates a value for TIM's fixed landline network that could top 23 billion euros ($25 billion). TIM plans to analyse in depth the terms to be proposed by KKR, one of the sources said. Having already invested 1.8 billion euros in the grid, KKR has bid for a controlling stake in a unit comprising TIM's entire domestic fixed access network and submarine cable business Sparkle. KKR is also ready to let TIM retain a stake in its landline network. Prime Minister Giorgia Meloni's administration will have a say on any deal as Rome can use its "golden powers" rules to set conditions or block bids for strategic assets such as TIM's network.

Persons: Pietro Labriola's, Giancarlo Giorgetti, Giorgia Meloni's, Giuseppe Fonte, Elvira Pollina, Valentina Za, Kirsten Donovan Organizations: KKR, TIM, Telecom Italia, Macquarie, Reuters, Vivendi, Treasury, Thomson Locations: ROME, Rome

☆ Cyclist Gino Mäder has died after Tour de Suisse crash, his team says
▼ + stars: | 2023-06-16 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Swiss cyclist Gino Mäder has died aged 26 following a crash on the fifth stage of the Tour de Suisse, his Bahrain Victorious team announced on Friday. Almost 200 kilometers into the race, Mäder crashed at high speed with American rider Magnus Sheffield, race organizers said in a statement on Thursday. “On Friday 16th June, following a very serious crash during stage 5 of the Tour de Suisse, Gino lost his battle to recover from the severe injuries he sustained,” Bahrain Victorious said in a statement. Mäder, who has been riding for Bahrain Victorious since 2021, previously won stages of the Giro d’Italia and the Tour de Suisse. “We are devastated by the loss of our exceptional cyclist, Gino Mäder,” said Milan Erzen, managing director of Bahrain Victorious.

Persons: Gino Mäder, Mäder, Magnus Sheffield, “, Gino, ” Bahrain Victorious, ” Mäder, ”, Milan Erzen Organizations: CNN, Tour de Suisse, Bahrain Victorious, ”, de Suisse, UCI, Ineos Grenadiers, Sheffield Locations: Swiss, La Punt, ” Bahrain, Chur, Bahrain, “ Bahrain, Sheffield

☆ Mader dies after ravine crash on Tour de Suisse
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

June 16 (Reuters) - Swiss rider Gino Mader has died after crashing into a ravine on the descent towards the finish line in Thursday's stage five of the Tour de Suisse, his team Bahrain Victorious said on Friday. Mader, 26, crashed on the descent towards La Punt and fell into a ravine where he was found unresponsive by the race doctor and resuscitated before being air-lifted to hospital. In a Bahrain Victorious statement, team managing director Milan Erzen said: "We are devastated by the loss of our exceptional cyclist, Gino Mader. Mader joined the Bahrain Victorious team in 2021 and won a stage of the Giro d'Italia that year. Stage five of the Tour de Suisse had raised some eyebrows in the peloton because of its fast descent near the finish.

Persons: Gino Mader, Bahrain Victorious, Gino couldn't, Mader, Magnus Sheffield, Milan Erzen, Erzen, Gino, Remco Evenepoel, Martyn Herman, Rohith Nair, Toby Davis Organizations: Tour de Suisse, Bahrain, La, Ineos Grenadiers, Bahrain Victorious, CPA, Twitter, Thomson Locations: Swiss, Chur, La Punt, Bahrain, Espana, London, Bengaluru

☆ Telecom Italia CEO confident grid sale will go well
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

ROME, June 15 (Reuters) - Telecom Italia's (TLIT.MI) (TIM) plan to sell its prized landline grid asset to reduce debt "should and can go well", CEO Pietro Labriola said on Thursday, as sources said bids have not met top shareholder Vivendi's (VIV.PA) expectations. U.S. fund KKR (KKR.N) and a rival consortium comprising state lender CDP and Australian fund Macquarie (MQG.AX) presented revised bids for the grid last week. Two sources with knowledge of the matter have told Reuters that KKR's offer is the most generous at around 23 billion euros ($24.93 billion) overall, still short of the more than 30 billion euros sources close to Vivendi have said it wants. Labriola said there was also a back-up plan to improve TIM's prospects, should the asset sale not be possible. TIM's financial debt stood at almost 26 billion euros at the end of the first quarter of 2023.

Persons: Pietro Labriola, Labriola, Alvise Armellini, Gavin Jones, Elaine Hardcastle Organizations: Telecom, KKR, Macquarie, Reuters, Vivendi, Thomson Locations: Rome

Italian premiers have been given state funerals in the past, but this is the first time a national day of mourning has been called for one. Italy is ruled by a right-wing coalition of Prime Minister Giorgia Meloni's party Brothers of Italy, Matteo Salvini's League and Berlusconi's former party Forza Italia. Bindi, a woman often targeted by Berlusconi's sexist jibes, said the national day of mourning was "disrespectful towards the majority" of Italians who opposed the late leader. WREATHS AND SOCCER BANNERS[1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. Hungarian Prime Minister Viktor Orban was also confirmed, but few other senior European politicians were expected.

Persons: Silvio Berlusconi, Berlusconi, Giuseppe Conte, Rosy Bindi, Giorgia, Matteo Salvini's, Donald Trump, Tomaso Montanari, Nardi, Lucia Adiele, Sergio Mattarella, Elly Schlein, Mario Draghi, Mario Monti, Paolo Gentiloni, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Al Sudani, Viktor Orban, Cristiano Corvino, Angelo Amante, Alvise Armellini, Federico Maccioni, Alexandra Hudson, Gavin Jones Organizations: MILAN, Italian, Reuters, Matteo Salvini's League, Forza Italia, European Commission, Siena's University for Foreigners, REUTERS, Democratic Party, Thomson Locations: Milan's Cathedral, Milan, Italy, Altamura, Thani

CNN —Mourners gathered in Milan on Wednesday for the state funeral of Silvio Berlusconi, the divisive and domineering former premier who remained omnipresent in Italian public life for decades until his death this week. Berlusconi’s coffin left Villa San Martino in Arcore, outside Milan, and was transported through the city center to Milan’s gothic Duomo cathedral for Wednesday’s service. Berlusconi, who had a lengthy, scandal-ridden career, died at a Milan hospital on Monday aged 86. But Lana opposed the award of a state funeral to Berlusconi, citing the many trials against him. Widely regarded as Italy’s most colorful public figure, Berlusconi was elected prime minister three times and served for a total of nine years, longer than anyone since fascist dictator Benito Mussolini.

Persons: Silvio Berlusconi, Villa, Berlusconi, –, Sergio Mattarella, Giorgia Meloni, Viktor Orbán, Paolo Gentiloni, Monsignor Mario Delpini, ” “ Silvio Berlusconi, ”, “, Italy …, Jessica Lana, Lana, Guglielmo Mangiapane, Tomaso Montanari, Monatanari, Milan’s, Marina, Benito Mussolini, Matteo Salvini, Italy’s Organizations: CNN, Villa San, SkyTG24, Forza Italia, AC Milan football team, EU, Reuters, University for Foreigners of, Milan’s San Raffaele, Milan, Bloomberg Locations: Milan, Arcore, Italian, Rei, Alessandria, Piedmont, Italy, Milan’s, University for Foreigners of Siena

The funeral homily by Milan's Archbishop Mario Delpini appeared to acknowledge his excesses as well as his qualities. "What can we say about Silvio Berlusconi? [1/9] People wait for the funeral of former Italian Prime Minister Silvio Berlusconi, in Milan, Italy June 14, 2023. These included Qatar's Emir Sheikh Tamim bin Hamad al-Thani, Iraqi Prime Minister Mohammed Shia al-Sudani and Hungarian Prime Minister Viktor Orban. "Final farewell to Silvio Berlusconi.

Persons: Silvio Berlusconi, Berlusconi, Silvio, Marta Fascina, Marina, Donald Trump, Milan's, Mario Delpini, Lucia Adiele, Sergio Mattarella, Giorgia Meloni, Brothers, Matteo Salvini's, Giuseppe Conte, Rosy Bindi, Tomaso Montanari, Emir Sheikh Tamim bin Hamad, Mohammed Shia, Viktor Orban, Orban, Vladimir Putin, Putin, there's, Cristiano Corvino, Angelo Amante, Alvise Armellini, Gavin Jones, Federico Maccioni, Alexandra Hudson, Nick Macfie Organizations: MILAN, Wednesday, AC Milan soccer, Reuters, Forza Italia, Police, Italian, REUTERS, Matteo Salvini's League, European Commission, Siena's University for Foreigners, Thomson Locations: Milan, Italian, Altamura, Italy, Thani, Iraqi, Hungarian, Ukraine, Kyiv

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