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BRUSSELS (Reuters) - The Italian anti-fascist activist held in Hungary for assaulting far-right militants should be granted a quick trial, Italian Prime Minister Giorgia Meloni said on Thursday, wading into a controversy that is souring relations between Rome and Budapest. The case is politically sensitive due to the long-standing ties between Meloni and her Hungarian counterpart Viktor Orban, who met in Brussels as part of a summit of European Union leaders. "What I talked about with the Hungarian prime minister is ensuring that our compatriots are treated with dignity, respect, and (given) a fair trial, and I would also say a speedy one," Meloni told reporters. Prosecutors are seeking an 11-year sentence for Salis, who is next due in court on May 24. Meloni told reporters she hoped Salis could prove her innocence, and said that while in Italy prisoners are never put in chains and shackles, this was normal in Hungary.
Persons: Giorgia Meloni, Ilaria Salis, Viktor Orban, Meloni, Salis, Prosecutors, Angelo Amante, Alvise Armellini, Angus MacSwan Organizations: Italian, Union Locations: BRUSSELS, Italian, Hungary, Rome, Budapest, Italy, Meloni, Brussels, Milan
Starbucks is massively expanding its rollout of Oleato, its olive oil-infused coffee range. AdvertisementStarbucks is rolling out Oleato, its olive oil-infused coffee range, to all stores in the US despite mixed reviews. They're also available at some Starbucks stores in Canada, London, Paris, Osaka, and Tokyo, as well as a more extensive range at US Starbucks Reserve stores. Starbucks founder Howard Schultz introduced the range after mixing olive oil with his Starbucks coffee in Sicily, where the oil is a key component of the Mediterranean diet. A nutritionist told CNN that combining a high-fat substance, like olive oil, with coffee can have a laxative effect.
Persons: , They're, Howard Schultz, Schultz, TikToker, Phoebe Hunt, barista, they're Organizations: Starbucks, Service, Starbucks Reserve, Wall Street, CNN, Business Locations: Italy, Canada, London, Paris, Osaka, Tokyo, Sicily
Italy's ITA to Resume Tel Aviv Flights From March
  + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: 1 min
(Reuters) - Italy's ITA Airways will resume its flights between Tel Aviv and Rome as of March 1, starting with three weekly return trips, the airline said on Tuesday. ITA said in a statement that the number of flights between Rome Fiumicino and Tel Aviv Ben Gurion may increase this summer, "according to the evolution of the geopolitical scenario". "The restart of flights between Tel Aviv and Rome was also possible thanks to cooperation with Italian and Israeli authorities and it is strategically important for ITA Airways," the airline added. (Reporting by Alessandro Parodi; Editing by Keith Weir)
Persons: Tel Aviv Ben, Alessandro Parodi, Keith Weir Organizations: Reuters, Italy's ITA Airways, ITA, ITA Airways Locations: Tel Aviv, Rome
Italy's Meloni Opens Africa Summit, Promises New Partnership
  + stars: | 2024-01-29 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
The summit, being held in Italy's ornate Senate, will last all day, with Italian ministers due to outline an array of initiatives, from energy and infrastructure to health and education, that Meloni says will be mutually beneficial. "We believe it is possible to envision and write a new chapter in the history of our relationship, a cooperation among equals, far from any predatory imposition or charitable stance towards Africa," Meloni said in an opening speech. Eni, Italy's largest importer of natural gas, has already countered lower Russian supplies by shipping increased volumes from Africa, where it has had a presence for decades. The company has said Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years. Most had departed from North African countries such as Tunisia and Libya, many fleeing poverty and conflict in sub-Saharan Africa and the Middle East.
Persons: Crispian Balmer, Angelo Amante ROME, Giorgia Meloni, Meloni, Enrico Mattei, Ursula von der Leyen, Charles Michel, Mattei, Alex Richardson Organizations: Italian, Eni, European Union, European, Energy, EU Locations: Rome, Africa, Italy, China, Russia, Gulf, Tunisia, Senegal, Kenya, Republic of Congo, Somalia, Ukraine, Algeria, Egypt, Libya, Europe, North, Saharan Africa
Let us show you how to watch a free Djokovic vs. Sinner live stream. How to watch free Djokovic vs. Sinner live stream from anywhereIf you want access to the free Djokovic vs. Sinner live stream of the Australian Open semi-final, there's an excellent option direct from the source on the free Australian 9Now streaming service. It's covered every single serve of the tournament and will be showing all the finals this weekend, as detailed in our free Australian Open live stream guide. ET / 3:30 a.m. (Fri) GMT / 11:30 a.m. (Fri) AWSTHow to watch Djokovic vs. Sinner in the USAESPN has the rights to live stream all of the Australian Open in the USA. How to watch Djokovic vs. Sinner in the UKYou'll find the Australian Open live streams on Eurosport in the UK.
Persons: We've, there's, It's, we've, ExpressVPN, Djokovic, There's Organizations: Serbian, ESPN, Six Nations, Australian, USA ESPN, PT, Hulu, Disney Plus, Eurosport, Amazon Prime, Djokovic Locations: Australia, Canada, USA
Meloni Looks to Reset Italy's Relations With Africa
  + stars: | 2024-01-26 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +4 min
"What needs to be done in Africa is to build cooperation and serious strategic relationships as equals, not predators," Meloni told a news conference this month. Founder Mattei expanded Italy's presence in Africa, presenting his company as a friendly alternative to U.S. and French oil majors. But climate change experts question the wisdom of sinking significant new investments into gas infrastructure when existing projects already guarantee Italy's energy security. Meloni is not the first Italian leader to seek better ties with Africa and draw a veil over Italy's fraught colonial legacy, which Rome has never wanted to confront. "My goal is to work in Africa and block the departures in Africa," she said this month.
Persons: Crispian Balmer ROME, Giorgia Meloni, Enrico Mattei, Meloni, Arturo Varvelli, Mattei, Crispian Balmer, Alison Williams Organizations: Eni, United Arab, European Council, Foreign Relations, Union, European Commission Locations: Rome, Italian, Italy, Africa, Europe, China, Russia, United Arab Emirates, Turkey, Meloni, Ukraine
Italy, EU's Oldest Country, Plans More Spending for Elderly
  + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +2 min
The government was set to present the package at the end of a cabinet meeting later on Thursday. With a median age of 48, Italy is the EU's oldest country, and also has the highest old-age dependency, defined as the ratio of people aged 65 and over to those of working age, according to statistics agency Eurostat. Pensions already eat up more than 15% of gross domestic product (GDP), and the Treasury expects spending to reach 17% of output in 2042. In its 2024 budget, the government earmarked around 1 billion euros for several measures aimed at addressing Italy's demographic crisis. One temporarily removes social contributions paid by working mothers with at least two children.
Persons: Giorgia Meloni, Angelo Amante, Giuseppe Fonte, Alvise, Peter Graff Organizations: Italian, Reuters, Ageing, Pensions, Treasury Locations: ROME, Italy, Rome
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
CNN —Italian soccer great Luigi ‘Gigi’ Riva died on Monday at the age of 79, according to the Italian Football Federation (FIGC). Nicknamed ‘Rombo di Tuono’ (‘Roar of Thunder’) – a nod to his shooting and physical strength – Riva is Italy’s leading all-time national team goalscorer, a title he has held since 1973 after passing Giuseppe Meazza. Have a good trip, beloved Gigi.”Riva made his international debut aged 20 and was part of the side that won Italy’s first ever European Championship. He more than played his part, opening the scoring in the final against Yugoslavia, which Italy won 2-0. He joined the club at the age of 19 after making his professional debut for Serie C team Legnano-Ivrea.
Persons: Luigi ‘ Gigi ’ Riva, Riva, , Tuono, , – Riva, Giuseppe Meazza, Gianni Infantino, Gigi, ” Riva, Italy’s, , Arrigo Sacchi, Legnano, Gigi Riva, Alessandro Sabattini, Marcello Lippi’s Organizations: CNN, Italian Football Federation, , FIFA, Yugoslavia, Italy, West Germany, Cagliari, Serie C, Sardinian, Serie A, France Locations: Italy, Mexico, Italy's, Brazil, Sardinia, Ivrea, Cagliari
Pope Francis received an emotional welcome on the island during a visit showing solidarity with migrants fleeing war and poverty. ARIS MESSINIS/AFP/Getty Images Pope Francis confesses in St. Peter's Basilica during the Vatican's Penitential Celebration on Friday, March 4, 2016. Alessandro Di Meo/AP Pope Francis arrives for his visit with prisoners in Santa Cruz, Bolivia, on Friday, July 10, 2015. Franco Origlia/Getty Images Pope Francis and Ecumenical Patriarch Bartholomew I address the faithful in Istanbul on Sunday, November 30, 2014. Gokhan Tan/Getty Images Pope Francis speaks during the feast-day Mass while on a one-day trip to Italy's Calabria region in June 2014.
Persons: Pope Francis, Cardinal Michael Czerny, Francis, , , Regina Coeli, Vincenzo Pinto, Juan Manuel Santos, Santos, Alessandra Tarantino, L'Osservatore Romano, VINCENZO PINTO, Simon Bar Sabbae, Pope, FILIPPO MONTEFORTE, Karekin, TIZIANA FABI, Giuseppe Ciccia, MAX, Pope Francis tries, Pope Benedict XVI, Alessandro Di Meo, Evo Morales, OSSERVATORE ROMANO, Vladimir Putin, Putin, Federico Lombardi, Lombardi, Gregorio Borgia, Getty Pope Francis, Raul Castro, Castro, GABRIEL BOUYS, ANDREAS SOLARO, Kurukkal SivaSri, Mahadeva, Pope Francis in, Eranga, Franco Origlia, Bartholomew I, Gokhan Tan, San Gregorio Magno, Queen Elizabeth II, Prince Philip , Duke of Edinburgh, Oli Scarff, Barack Obama, SAUL LOEB, Santa Sabina, Max ROSSI, Daniele De Sanctis, Pope Francis ', FABIO FRUSTACI, Benedict XVI, Benedict, L'OSSERVATORE ROMANO, Osservatore Romano Pope Francis, Vinicio Riva, Riva, CLAUDIO PERI, Rainbow Association Marco Iagulli Onlus, Fotografia, Father Don Renzo Zocca, Osservatore Romano, LUCA ZENNARO, Jorge Saenz, Dan Kitwood, Jesus, Internationalis Paulus VI, Argentine Cardinal Jorge Mario Bergoglio, Roman Catholic Church's, Peter Macdiarmid, Pope Francis Prev, it’s, He’s, Filippo Monteforte, Donald Trump’s, Czerny, Trump, Donald Trump, Melania, Evan Vucci, Reuters “, ” Cardinal Czerny, Cardinal Czerny, doesn’t, Francis ’, “ Jesus Organizations: CNN, Getty Images, Colombian, Revolutionary Armed Forces, International Catholic Rural Association, Vatican, AFP, Getty, Catholic Chaldean, St, Mercy, ARIS MESSINIS, MAX ROSSI, Getty Images Bolivian, Cuban, Sunday, Queen, getty, Rainbow Association, Renault, Catholic, Roman Catholic, Intelligence, Warner Bros, Discovery, , Republican, Reuters Locations: St, AFP, Colombia, Rome, Tbilisi , Georgia, Auschwitz, Birkenau, Poland, Etchmiadzin, Yerevan, Armenia, Vatican City, Moria, Lesbos, Peter's, Mexican, Havana, Cuba, Mexico, Santa Cruz , Bolivia, South America, Ecuador, Paraguay, La Paz, Bolivia, Italian, Ukraine, Iraq, Syria, Havana and Washington, Vatican, Pope Francis in Colombo, Sri Lanka, Istanbul, Italy's Calabria, Jerusalem's Old City, Argentina, Roman Parish, San, Rome's, Santa, Brazil, Rio de Janeiro, Argentine, America, Gaza, Nove, Lampedusa, Italy, Ciampino, Czechoslovakia, Canada, United States, Africa
China has just opened the deepest and largest underground laboratory in the world. AdvertisementChina has opened the biggest and deepest underground laboratory in the world in a bid to uncover the secrets of dark matter. That leaves us with one overarching theory; that there is another type of matter acting on the universe, or so-called dark matter. CJPL hosts the Particle and Astrophysical Xenon Experiments (PandaX) and the China Dark Matter Experiment. "There is enough replication already," he said, adding that it may be better to try to find a new approach in the hunt for dark matter.
Persons: , Gran, Ning Zhao, Juan Collar Organizations: Service, Gran Sasso National Laboratory, Nature News, Nature, Sanford Underground Research, Shanghai Jiao Tong, University of Chicago Locations: China, China's Sichuan Province, CJPL, Sichuan, Italy, , South Dakota, Shanghai, Shanghai Jiao Tong University, Illinois
A woman claimed she was "cursed" after stealing artifacts from Pompeii. She said she was diagnosed with breast cancer within a year of taking pumice stones from the ruins. AdvertisementA woman who said she was diagnosed with breast cancer after stealing artifacts from Pompeii said she hadn't' known about "the curse," referencing a myth that stealing from the site brings bad luck. "I am a young and healthy female, and doctors said it was 'just bad luck.' "Please, take them back, they bring bad luck," she wrote, per The Guardian.
Persons: , Gabriel Zuchtriegel, Zuchtriegel, bocca al lupo, Italy's RaiNews, Atlantide Phototravel, Nicole Organizations: Service, Daily Mail, Guardian, Reuters Locations: Italy, Atlantide, Canadian, Pompeii
Now, a new route opening up fast, direct access between two European countries will spin passengers back more than a century to the times of the Habsburg empire. It is thought that this is the first train from Milan to Ljubljana since the empire was dissolved in 1918. It’s also picking up the route of a night train from Budapest to Venice, which passed through Ljubljana, but finished in 2011. Since 2018, there has been a regional train from Trieste to Ljubljana, but train staff of the two operators switch at the border at Villa Opicina station. “Trieste and Ljubljana were first connected by train in 1857, when both cities were part of the Habsburg Empire.
Persons: we’ll, Stanley Tucci, Francesca Volpi, Slovenia’s, Habsburg, It’s, , It'll, , Giovanni Vale, Markus Mainka, Trenitalia Organizations: CNN, intel, Slovenian Railways, Bloomberg, Getty, Spanish Riding, Austro, Croatian Railways, South Railway Company, Deutsche Bahn Locations: Habsburg, Italy, Slovenia, Slovenian, Milano Centrale, Milan, Ljubljana, Venice, Trieste, Postojna, Skocjan, Budapest, Villa, Rijeka, “ Trieste, Vienna, Zagreb, Belgrade, Balkans, Switzerland, Germany, Austria, Munich
By Crispian BalmerROME (Reuters) - Performing a stiff-armed fascist salute is not a crime in Italy unless it risks sparking violence or is aimed at reviving the fascist party, the Supreme Court has ruled in a verdict that delighted extreme-right groups. The Supreme Court was called to review the issue following a 2016 event in Milan where eight militants were arrested for making fascist salutes. However, the Supreme Court left open the door to future prosecutions given Italy's inconclusive legal framework. "The only sure thing is that you cannot create a fascist party. 'ETERNAL COMPROMISE'Italy's main piece of legislation against promoting fascist propaganda is the so-called Scelba Law of 1952 which prohibits any "movement or group of people ... pursuing anti-democratic ends associated with the fascist party".
Persons: Crispian Balmer ROME, Benito Mussolini, Thursday's, Francesco Filippi, Mussolini, Alessandro Sallusti, Crispian Balmer, Alison Williams Organizations: Court Locations: Italy, Rome, Milan
BARI, Italy (AP) — The year has gotten off to a slow start for a rescue ship that typically plies the Mediterranean Sea looking for migrants and refugees in distress. Italian maritime authorities now routinely assign privately operated rescue ships to ports in central and northern Italy, hundreds of miles and several days of navigation away from where they find boats in trouble. Political Cartoons View All 253 ImagesTo date, 13 or 14 charity-run rescue ships have been impounded for various violations. But she said the presence of charity-run ships in the Mediterranean must be limited and strictly regulated. Charity ships rescue only around 8% of the asylum-seekers who reach Italy, down from a peak of 41% in 2017.
Persons: Premier Giorgia Meloni, Alessandro Porro, ” Mary Finn, ” Sara Kelany, , Meloni, Enrico Mattei, haven't, Edi Rama Organizations: SOS Mediterranee, Premier, Authorities, SOS, Meloni’s Brothers, International Organization for Migration, ENI, Constitutional, Edi Locations: BARI, Italy, Europe, North Africa, Bari, Italian, Lampedusa, Africa, Tunisia, Albania, Balkan
“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta,” Zoe Yujnovich, Shell’s integrated gas and upstream director, said in a statement. The assets that Shell is selling are largely owned by the Nigerian government’s national oil company NNPC, which holds a 55% stake. However, pollution from oil and natural gas production has prevented residents from accessing clean water, hurt farming and fishing, and heightened tensions. Despite joint military operations and a government benefits program for former militants that accompanied the amnesty deal, the Niger Delta remains volatile. The oil industry faces risks of violence, including pipeline vandalism by oil thieves, whom companies often blame for oil spills.
Persons: — Shell, Shell, Zoe Yujnovich, France's TotalEnergies, , Ledum Mitee, Dumnamene Organizations: Shell, Aradel Energy, Nigerian, Eni, Movement, Ogoni, Youths, Environmental Advocacy, AP Locations: ABUJA, Nigeria, Niger Delta, West, London, Ogoni People, Niger, Guinea
My husband and I recently moved to a charming French town outside Paris without visiting it first. Moving abroad has sometimes been a bit uncomfortable, but was the best decision we've ever made. AdvertisementMany times, I feel as though I'm living in a fairytaleWe live down the street from the Château de Saint-Germain-en-Laye. Although the stereotype is that French people are rude, we've had nothing but positive experiences with people here. Agnes GroonwaldOur dog's new favorite place to do her business down the street is an actual palace, the Château de Saint-Germain-en-Laye that's been here for hundreds of years.
Persons: we've, , we'd, Agnes Groonwald, Saint, Agnes Groonwald We've, I'd, It's Organizations: Service, Saint Locations: Paris, France, San Diego, Italy, Bologna, — France, Germain, Saint, Laye
Scientists in Iceland want to drill straight into an underground magma chamber. AdvertisementScientists in Iceland want to drill a hole into a magma chamber about a mile underground in an attempt to generate limitless energy. KMTIngólfsson expects one well on a magma chamber could be as productive as 10 other wells elsewhere. I'm not sure how much more efficient systems would be if drilled into a magma chamber," he said. AdvertisementA short time to get a lot of moneyKMT hopes to break ground on the first hole into the magma chamber in 2026.
Persons: , Ingólfsson, Mika Mika, Paolo Papale, Jon Gluyas, Iceland Layne Kennedy, Gluyas, Hafsteinn Karlsson, it's Organizations: Service, Scientists, Italy's National, of Geophysics, Volcanology, New, KMT, Durham University, Global Geothermal Energy Advancement Association, KMT Ingólfsson, Gluyas Locations: Iceland, Namafjall, Pisa, Northern Iceland, Landmannalaugar, Krafla, Mexico, Kenya, Ethiopia, Italy
Pope Says He Hopes to Visit 'Suffering' Argentina This Year
  + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
By Philip PullellaROME (Reuters) - Pope Francis said on Sunday that the people of Argentina are suffering and that he hopes to be able make his first trip back to his homeland in the second half of this year. On Thursday, Argentine President Javier Milei's office said he had invited the 87-year-old Francis to visit, appearing to extend an olive branch after attacking the Catholic leader in recent years. He said an eventual trip to Argentina would take place after August, when he is planning to visit some countries in Polynesia. "After that, the trip to Argentina, if it can be done, but I would like to go. Francis has made more than 40 trips outside Italy, including many in Latin America, since his election nearly 11 years ago as the first Latin American pontiff but has yet to visit Argentina.
Persons: Philip Pullella ROME, Pope Francis, Javier Milei's, Francis, Milei, It's, imbecile, Philip Pullella, Diane Craft Organizations: Argentine, Catholic Locations: Argentina, Italian, Polynesia, Buenos Aires, Italy, Latin America
By Philip PullellaROME (Reuters) - Pope Francis on Sunday defended a landmark decision approving blessings for same-sex couples, suggesting that those in the Catholic Church who have resisted it have jumped to "ugly conclusions" because they do not understand it. "Sometimes decisions are not accepted, but in most cases when decisions are not accepted, it is because they are not understood," Francis said in response to a specific question about the December declaration. "This is what happened with these latest decisions on blessings for all," he said, referring to the declaration known by its Latin title Fiducia Supplicans (Supplicating Trust). The Church teaches that gay sex is sinful and disordered and people with same-sex attractions should try to be chaste and the pope appeared to be alluding to this is his response. "But then people have to enter into a dialogue with the blessing of the Lord and see the path that the Lord proposes.
Persons: Philip Pullella ROME, Pope Francis, Francis, Philip Pullella, Lisa Shumaker Organizations: Sunday, Catholic Church, Italy's Locations: Africa, Supplicating, France
Adventure travel company Intrepid Travel's new "Not Hot" list is out — spotlighting overlooked travel spots around the world. The 2024 list calls attention to two destinations in Asia, two in Europe and one in Central America. Source: Intrepid TravelUnlike Italy's tourist-saturated Positano, travelers visiting Corsica can "enjoy a more authentic, tranquil, and immersive experience ... without the overwhelming crowds," according to a press release by Intrepid Travel. Intrepid Travel recommends Panama for those who wish to "immerse themselves in local traditions, folklore, and contemporary arts ... that differs from the more European-centric cultural landscape," the press release stated. Source: Intrepid Travel
Persons: Matt Berna, Nick Lim, Lim, Gonzalo Azumendi, Emberá, David C Tomlinson Organizations: Intrepid, Americas, Intrepid Travel, CNBC Travel, UNESCO, Heritage, Euromonitor International, Japan National Tourism Organization, Korea Tourism Organization, The Travel Corporation, CNBC, Trip.com, La Amistad, Bank, Getty Locations: Asia, Europe, Central America, Corsica Corsica, France, Corsica, Seoul Tokyo, Singapore, Seoul, Korea, Intrepid Travel Tokyo, Tokyo, Panama Panama, Central American, Costa Rica, Colombia, Panama, Panama Viejo, Casco, Darien, La, Guna, Corfu Greece, Santorini, Mykonos, Kefalonia, Corfu, Greece, Split, Dubrovnik, Croatia, Borneo Borneo, Southeast Asia, Malaysia, Brunei, Indonesia, Kalimantan, Indonesian, Sarawak, Sabah, Borneo, Malaysian, Indonesian's Kalimantan
REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsSummaryCompanies Saudi Arabia's PIF buys into Rocco Forte hotel groupPlans to help expand luxury hotel groupItalian investor CDPE checks out of chainDec 4 (Reuters) - Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. A spokesperson for Rocco Forte Hotels declined to confirm the size of PIF's stake. Rocco Forte Hotels, founded in 1996, operates across Italy, Britain, Germany, Belgium and Russia and has 20 private villas in addition to its hotels. CDPE, which owned a 23% stake in Rocco Forte Hotels, is owned by Italy's state-backed fund CDP. Rocco Forte, which was advised by Rothschild, reported revenues of around 300 million pounds last fiscal year, with a core profit of around 60 million pounds, according to a source.
Persons: Russell Cheyne, Companies Saudi Arabia's PIF, Rocco Forte, CDPE, Olga Polizzi, Forte, Rocco Forte Hotels, Al Nowaiser, PIF, Rothschild, Yadarisa, Elisa Anzolin, Keith Weir, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Alex Richardson Organizations: REUTERS, Companies Saudi Arabia's, Saudi Arabia's, Rocco Forte Hotels, Financial Times, Granada, Thomson Locations: Balmoral, Scotland, Edinburgh, Britain, Saudi, Italy, Germany, Belgium, Russia, Milan, Sardinia, Italy's, SAUDI ARABIA, Saudi Arabia, Bengaluru, London
Analysts believe Germany's budget crisis will mean tougher fiscal policy in the largest euro zone economy in 2024, which could add to pressure on less wealthy members of the bloc to keep a tighter grip on their finances. Italian 10-year bonds currently yield around 173 basis points more than German debt , 38 bps less than a year ago, while the gap between Portuguese and German yields has narrowed by 34 basis points. French bonds meanwhile yield 58 bps more than German, 5 bps more than a year ago. Analysts argued the German public may be unwilling to accept a tightening of domestic fiscal policy without a blanket approach across Europe - meaning a tougher scenario for the periphery. Bondholders are meanwhile banking on the European Central Bank cutting interest rates in a few months, which should support euro zone peripheral debt.
Persons: Giorgia Meloni, Olaf Scholz, Fabrizio Bensch, Ruben Segura, BofA's Segura, Cayuela, Felix Hubner, Massimiliano Maxia, Stefano Rebaudo, Catherine Evans Organizations: Italian, REUTERS, Germany, Union, Northern, European Commission, UBS, Analysts, European Central Bank, JPMorgan, ECB, Allianz Global Investors, bps, Thomson Locations: Berlin, Germany, Italy, Cayuela, European, Greece, Spain, Europe
30% of homes in central Florence, Italy, are listed on Airbnb, the Wall Street Journal said. In October, Florence decided to ban all new Airbnb listings in the city center. Florence is not alone in its attempts to limit the reach of short-term rentals. Venice has been lost, but we can still save Florence." Efforts to combat the effects of short-term rentals haven't broken through nationally.
Persons: , David, It's, Dario Nardella, Florence, Linda Sanesi, Nardella, I'm, Massimo Torelli Organizations: Wall Street Journal, Service, Rome's La Sapienza University, Wall Street Locations: Florence, Italy, Rome's, Florence's, Nardella, New York City, Portugal, Venice
Italy's Prime Minister Giorgia Meloni addresses her speech during the question time at the upper house of parliament in Rome, Italy November 23, 2023. REUTERS/Remo Casilli Acquire Licensing RightsROME, Dec 1 (Reuters) - Italy will provide 100 million euros ($108.91 million) to a new fund to help poor countries cope with "loss and damage" due to climate change, Prime Minister Giorgia Meloni said on Friday, adding she would invest 70% of her 4.2-billion euro Climate Fund in Africa. "We are contributing to the loss and damage fund with 100 million euros to help achieve the goals of this COP28," she told an event at the COP28 climate conference in Dubai. Italy's Climate Fund is part of a commitment by rich countries to funnel at least $100 billion a year in developing economies through green transition projects under the form of state guarantees, loans and equity investments. In late 2021, under Meloni's predecessor Mario Draghi, Italy set aside 840 million euros per year between 2022 and 2026 for the programme plus an additional annual endowment of 40 million euros starting from 2027.
Persons: Giorgia Meloni, Remo Casilli, Rome, Mario Draghi, Gilberto Pichetto Fratin, William Maclean Organizations: Italy's, REUTERS, Rights, Fund, Energy, Reuters, Treasury, Thomson Locations: Rome, Italy, Africa, Dubai
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