DIRS.INFO The most relevant business & tech news

☆ Italy's Parliament Approves Crackdown on Teenage Migrants
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

ROME (Reuters) - Italian lawmakers on Thursday approved a government decree that allows migrants aged 16 or 17 to be held in adult reception centres and gives police stronger powers to check that migrants are not falsely claiming to be under age. Under Italian and European legislation, unaccompanied young migrants are entitled to more favourable treatment. For example, they cannot be expelled and should have access to more extensive welfare and support services. It allows minors aged 16 or 17 to be held in adult migrant reception camps when places for underage migrants are not available, and says they can be held there for up to 150 days. Earlier this month, Meloni announced Italy would build migrant identification and reception centres in Albania, saying she hoped they could host as many as 36,000 sea migrants per year.

Persons: Giorgia, Meloni, Angelo Amante, Gareth Jones Organizations: Senate, Unicef Locations: ROME, Italy, Albania, Africa

☆ Intesa's CET1 requirement under SREP process rises to 9.32%
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

Intesa San Paolo bank headquaters is seen in Turin, Italy, November 7, 2018. The ECB had set the same threshold at 8.88% for the current year. The new requirement kicks in on Jan. 1, 2024. The increase to 2023 stems mostly from a buffer that 'Other Systemically Important Institutions' (O-SII) are due to hold, which stands at 1.25% for 2024 versus 0.75% in 2023. The countercyclical buffer requirement also inched up slightly to 0.23% from 0.16%, Intesa said.

Persons: headquaters, Stefano Rellandini, Intesa, Valentina Za, Jonathan Oatis Organizations: REUTERS, European Central Bank, ECB, Thomson Locations: Paolo, Turin, Italy

☆ Philips investor Exor: company's problems are "solvable"
▼ + stars: | 2023-11-30 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

TURIN/AMSTERDAM, Nov 30 (Reuters) - The CEO of Exor NV (EXOR.AS), the largest shareholder in Dutch healthcare equipment maker Philips NV (PHG.AS), on Thursday said he continues to believe the company's problems are solvable. Exor owns a 15% stake in Philips. The recall wiped nearly two-thirds off Philips' stock market valuation and new CEO Roy Jakobs has said that resolving the issue is his top priority. Philips stock is currently trading at 18.77 euros, about 25 cents higher than before Exor announced its investment in August. Exor is the investment arm of Italy's Agnelli family, with investments in manufacturing, sport, media, fashion, healthcare and technology companies.

Persons: John Elkann, Exor, Elkann, Roy Jakobs, Philips, Italy's Agnelli, Guilio Piovaccari, Toby Sterling, Kirsten Donovan Organizations: Exor NV, Philips NV, U.S . Food, Drug Administration, Philips, Exor, Thomson Locations: TURIN, AMSTERDAM, Turin, U.S

☆ Italy's competition watchdog stops Intesa moving clients to mobile bank
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

Intesa Sanpaolo bank logo and stock graph are seen displayed in this illustration taken, May 3, 2022. Italy's AGCM antitrust authority opened a probe earlier this month into the way Intesa was transferring clients to Isybank after a raft of complaints which the watchdog said had now reached 5,000. It wants Intesa to only move clients who explicitly give their consent. Isybank targets 4 million Intesa customers under 65 who only access their banking services remotely. The group migrated the first 300,000 Intesa account holders in October and plans to shift another 2 million in March.

Persons: Dado Ruvic, Intesa, AGCM, Carlo Messina, Antonio Valitutti, Isybank, Valentina Za, Giulia Segreti, Christina Fincher, Jane Merriman, Susan Fenton Organizations: REUTERS, Bank of Italy, European Central Bank, Thomson Locations: Italy

☆ Irish central bank: EU to adopt broader approach to boost capital market
▼ + stars: | 2023-11-30 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The bloc has introduced several "top down" reforms in a bid to boost its capital market, but progress has been modest and it continues to lag Wall Street in terms of breadth and depth, and company listings. Rowland said the push towards a deeper capital market would also focus on "bottom up" measures, such as steps taken at the national level, or initiatives by market participants. Speeding up EU capital market reforms has become more pressing since Brexit as Britain also eases capital market rules to become more globally competitive. They need to mobilise private capital," he said, adding that some bottom-up measures were already emerging, such as Italy's capital markets law, and a green industry law in France. Regulators in Britain and globally, however, have some concerns about whether assets in private markets have valuations that properly reflect the impact of higher interest rates and inflation.

Persons: Derville Rowland, Rowland, Huw Jones, Sharon Singleton, Bernadette Baum, Emelia Organizations: Central Bank of Ireland, European Commission, EU's, Markets Union, CMU, Publicly, EU, Regulators, Thomson Locations: Britain, France

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Saudi Arabia's Riyadh won the right to host the Expo 2030 world fair, vote results showed on Tuesday, in another diplomatic victory for a Gulf country after the Qatar soccer World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The Saudi capital has proposed to host the event between October 2030 and March 2031. Saudi had in particular won French support, irking Rome.

Persons: Gonzalo Fuentes, Cristiano Ronaldo, Crown Prince Mohammed bin, Prince Faisal bin Farhan Al Saud, Prince Mohammed, Jamal Khashoggi, Emmanuel Macron, Elizabeth Pineau, Michel Rose, Christina Fincher, Richard Chang Organizations: BIE Member, 173rd, Assembly, REUTERS, Rights, Saudi Arabia's, Qatar, Korea's, Riyadh, Busan, Rome, Saudi, Al, Crown, Saudi Foreign, irking, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Saudi, Saudi Arabia's Riyadh, Korea's Busan, Italy's Rome, irking Rome, Lebanon

☆ Italy's Salvini says would consider a sound plan to sell railway stake
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Matteo Salvini, Italian infrastructure minister and deputy PM, attends a news conference for the government's first budget in Rome, Italy November 22, 2022. On Monday Salvini, who is also deputy prime minister, was quoted as saying that he was against selling a stake in the company. But in comments at the Foreign Press Association in Rome, he said his 'no' had referred to the absence of any current sale plans for Ferrovie dello Stato (FS). "If there were an (asset sale) plan that could bring me added value, investments, money ... ($1 = 0.9128 euros)Reporting by Alvise Armellini, writing by Gianluca Semeraro; editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Matteo Salvini, Remo Casilli, Salvini, Giancarlo Giorgetti, Alvise Armellini, Gianluca Semeraro, Gavin Jones Organizations: REUTERS, Rights, Transport, Ferrovie dello Stato, Foreign Press Association, FS, Economy, Salvini's League, Thomson Locations: Rome, Italy, Italian, privatisations

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. South Korea's southeastern city of Busan is competing against Saudi Arabia's Riyadh and Italy's Rome. More than one vote will be necessary if no country gets a majority at the first ballot. Italian Prime Minister Giorgia Meloni personally got involved in trying to persuade international leaders to back the Rome bid, giving it her full political backing. Rome is looking to use the Expo as a way of attracting investment, much as Milan did when it successfully hosted the 2015 Expo.

Persons: Gonzalo Fuentes, Roberto Gualtieri, Crown Prince Mohammed bin, Prince Mohammed, Jamal Khashoggi, Yoon Suk Yeol, Giorgia Meloni, Michel Rose, Elizabeth Pineau, Crispian Balmer, Giselda Vagnoni, Hyonhee, Christina Fincher Organizations: BIE Member, 173rd, Assembly, REUTERS, PARIS, Saudi, City, Crown, Paris . South, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Busan, Saudi's Riyadh, Italy's Rome, Italy, South Korea, South, Rome, Saudi, Lebanon, Paris ., Korea, Italian, Milan, Europe, Dubai, Osaka, Japan, Seoul

☆ UN Committee Criticizes Denmark on Third Country Plans for Asylum Seekers
▼ + stars: | 2023-11-28 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Johannes BirkebaekCOPENHAGEN (Reuters) - The United Nations Committee against Torture has expressed concerns about Denmark's ambitions to transfer asylum seekers to third countries like Rwanda while their applications are being considered, citing worries about the safety of migrants. The committee criticised Denmark two weeks after the UK Supreme Court said Rwanda could not be considered a safe third country, blocking Britain's similar plans for transferring asylum seekers to Rwanda. British Prime Minister Rishi Sunak said he would pass an emergency law to declare Rwanda a safe destination for migrants. In a bid to bypass the European Union's fragmented migration and asylum system, Denmark last year agreed with Rwanda to explore setting up a program in which asylum seekers arriving in Denmark could be transferred to the African country. The UN committee said in a report it was concerned about the Danish legislation and recommended it was revisited, taking international standards into account.

Persons: Johannes Birkebaek COPENHAGEN, Rishi Sunak, Dybvad Bek, Olaf Scholz, Johannes Birkebaek, Grant McCool Organizations: United Nations, Torture, British, European, EU, Immigration, Integration, Reuters, UN Locations: Rwanda, Denmark, Danish, Italy, Albania

☆ Uber to offer service in London's famous black cabs
▼ + stars: | 2023-11-28 | by ( Melina Khan | ) www.cnbc.com time to read: +1 min

London's famous black cabs will soon be available to ride through Uber , the ride-sharing company announced Tuesday. London's taxi drivers will be able to sign up for trip referrals through Uber starting Wednesday, and the service will go into effect in 2024. The news follows Uber's expansions into taxi offerings in Paris, Los Angeles and other major cities. More recently, in May, Uber partnered with Waymo to bring autonomous ride-hailing services to Phoenix, Arizona. Hackney carriages, also known as black cabs, are London's famously recognizable small black taxis.

Persons: Uber, Waymo Organizations: Uber, New York, Italy's, Taxi, CNBC PRO Locations: Paris , Los Angeles, New York City, Phoenix , Arizona, London, Hackney

☆ Italy's Eni wins in arbitration case against Uniper -sources
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi/File Photo Acquire Licensing RightsLONDON/MILAN/FRANKFURT, Nov 27 (Reuters) - Eni has won a $600-million award after an arbitration court decided in the Italian firm's favour and against Germany's Uniper in a row over a liquefied natural gas (LNG) supply contract, three trading sources said. The 2017 annual report by the International Group of LNG Importers (GIIGNL) showed a 15-year contract under which Eni supplied Uniper with 0.65 million tonnes of LNG per annum between 2007 and 2022. Eni was not immediately available for comment. ($1 = 0.9168 euros)Reporting by Marwa Rashad, Francesca Landini and Christoph Steitz Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Alessandro Bianchi, Germany's, Uniper, Eni, Marwa Rashad, Francesca Landini, Christoph Steitz, Miranda Murray Organizations: Eni, REUTERS, Sunday, International Chamber of Commerce, E.ON, International Group, Thomson Locations: Rome, Italy, MILAN, FRANKFURT

☆ Global bank ranking removes Unicredit and moves up UBS, China banks
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsZURICH, Nov 27 (Reuters) - The Financial Stability Board (FSB) on Monday removed Italy's UniCredit (CRDI.MI) from the list of global systemically important banks and moved three banks, including Switzerland's UBS (UBSG.S), up a bucket. UniCredit, which was the only lender in Italy among those deemed as being of global systemic importance by the FSB, had no comment. UBS moved up a bucket after earlier this year taking over Credit Suisse in the first merger of two systemically important banks. Agricultural Bank of China and China Construction Bank also moved up from bucket 1 to bucket 2.

Persons: Dado Ruvic, Italy's, Noele Illien, Giulio Piovaccari, Louise Heavens, Sharon Singleton Organizations: REUTERS, Rights, UBS, UniCredit, Credit Suisse, China's Bank of Communications, Agricultural Bank of, China Construction Bank, Thomson Locations: Italy, Agricultural Bank of China

☆ Superb Sinner leads Italy to Davis Cup glory against Australia
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +3 min

Italy's number one Sinner produced a devastating display to outclass a helpless De Minaur 6-3 6-0 after Matteo Arnaldi outlasted Alexei Popyrin in the first singles clash. "It helps a lot to play for the whole team and it's been an incredible feeling for all of us," Sinner said as Italy rejoiced at a first Davis Cup title since 1976 and only second ever. Lleyton Hewitt's Australia have now been beaten in the final in successive years having lost to Canada in 2022. Italy and Australia qualify automatically for the 16-nation Finals next year across four cities with the ITF announcing on Sunday that the Final Eight will again be hosted in Malaga. Reporting by Martyn Herman; additional reporting by Gavin Jones, editing by Louise Heavens and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: deportes Martin, Australia's Alex de Minaur, Jon Nazca, Alex De Minaur, De, Matteo Arnaldi, Alexei Popyrin, Novak Djokovic, Djokovic, Miomir Kecmanovic, Lorenzo Sonego, Sinner, it's, Giorgia Meloni, Arnaldi, Filippo Volandri's, Popyrin, De Minaur, Minaur, Lleyton, Martyn Herman, Gavin Jones, Louise Heavens, Ken Ferris Organizations: Palacio, deportes, deportes Martin Carpena, Davis, REUTERS, Rights, Australia, Serbia, Djokovic, ITF, Thomson Locations: Australia, Italy, Malaga, Spain, Rights MALAGA, Saturday's, Serbia, Italian, Canada

☆ Insight: Italy is no country for young chefs
▼ + stars: | 2023-11-25 | by ( Antonella Cinelli | ) www.reuters.com time to read: +9 min

For the past year, the 25-year-old has cooked at Piccola Cucina, an Italian restaurant in Manhattan's glitzy SoHo district, home to designer boutiques and high-end art galleries. The current outflow of Italian chefs due to difficult conditions at home is not a new phenomenon. A peep into the kitchens of even the most traditional Italian restaurants shows the local dishes are often prepared by low-paid immigrants. Partly for this reason, young chefs in Italy take home half the salary of their peers in Britain while working longer hours, Mazzei said. British people have become knowledgeable about Italian food, even learning about regional differences, he said, so he preferred to hire Italian chefs to satisfy an increasingly demanding clientele.

Persons: Davide Sanna, Brendan McDermid, Sanna, he'd, It's, Massimo Bottura, Roberto Gentile, Paese, Gentile, Di Marzo, Julio, Francesco Mazzei, Mazzei, Giorgia Meloni's, Francesco Lollobrigida, Antonio Bassu, Bassu, Gavin Jones, Daniel Flynn Organizations: REUTERS, Rights, Star, Michelin, European, European Labour Authority, Reuters, MELONI'S, PRIDE Italian, Thomson Locations: SoHo, New York City, U.S, Sardinia, New York, Italy, Italian, glitzy SoHo, Modena, Spain, Japan, France, Europe, United States, Sicily, ITALY, Le, Toulouse, Britain, Milan, Gaeta, Rome, Naples, Roman, Emilia, Peruvian, Calabria, Italy's, London, Malta, England, Sardinian, Barcelona

☆ Kecmanovic outlasts Musetti to put Serbia ahead in Davis Cup semis
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +1 min

MALAGA, Spain, Nov 25 (Reuters) - Serbia's Miomir Kecmanovic rallied from a set down to power past Lorenzo Musetti 6-7(7) 6-2 6-1 and give the 2010 champions a 1-0 lead over Italy in their Davis Cup semi-final on Saturday. Musetti made a slow start against the high-flying Kecmanovic and narrowly avoided going a double break down, before the world number 27 found his range to level the first set at 5-5 and come from behind again in the tiebreak to clinch it. Serbia, who outclassed Britain in the last eight, will need Djokovic and Dusan Lajovic to defeat the pair of Simone Bolelli and Lorenzo Sonego if Sinner forces a doubles decider. The winner of the tie will face Australia in Sunday's final after Lleyton Hewitt's side beat Finland in the semi-finals. Reporting by Shrivathsa Sridhar in Bengaluru, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Miomir Kecmanovic, Lorenzo Musetti, Musetti, Novak Djokovic, Sinner, Djokovic, Dusan Lajovic, Simone Bolelli, Lorenzo Sonego, Lleyton Hewitt's, Shrivathsa Sridhar, Pritha Sarkar Organizations: Davis, Serbia, ATP, Djokovic, Martin Carpena Arena, Australia, Sunday's, Finland, Thomson Locations: MALAGA, Spain, Italy, Serbia, Netherlands, Turin, Bengaluru

☆ Italy is no country for young chefs
▼ + stars: | 2023-11-25 | by ( Antonella Cinelli | ) www.reuters.com time to read: +9 min

Italy's food is famous the world over but many talented young chefs, hoping to make a career in their country, find themselves frustrated by low pay, lack of labour protection and scant prospects. The current outflow of Italian chefs due to difficult conditions at home is not a new phenomenon. A peep into the kitchens of even the most traditional Italian restaurants shows the local dishes are often prepared by low-paid immigrants. Partly for this reason, young chefs in Italy take home half the salary of their peers in Britain while working longer hours, Mazzei said. British people have become knowledgeable about Italian food, even learning about regional differences, he said, so he preferred to hire Italian chefs to satisfy an increasingly demanding clientele.

☆ Sinner stuns Djokovic then doubles up to send Italy into Davis Cup final
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +3 min

MALAGA, Spain, Nov 25 (Reuters) - Italy returned to the Davis Cup final after a gap of 25 years as Jannik Sinner beat Novak Djokovic in both singles and doubles to secure a 2-1 victory over Serbia on Saturday that earned the 1976 champions a title clash with Australia. "It was for sure the game-changer today," Sinner said of his singles heroics at 4-5. "Obviously playing doubles in the decider of a Davis Cup tie is not easy. We are a very complete team and each one of us is really happy to be here. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Pritha Sarkar, Clare Fallon and Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Novak Djokovic, Lorenzo Sonego, Djokovic, Miomir, Martin, Filippo Volandri's, Lleyton Hewitt's, Kecmanovic, Lorenzo Musetti, Argentina's Juan Martin del Potro, Sinner, Daniil Medvedev, Musetti, Shrivathsa Sridhar, Pritha Sarkar, Clare Fallon, Toby Davis Organizations: Davis, Serbia, Martin Carpena Arena, Australia, Serbian, ATP, Djokovic, men's, Thomson Locations: MALAGA, Spain, Italy, Serbian, Finland, Netherlands, Bengaluru

☆ Fact Check: Claim that Italy had no new births for three months in 2023 is false
▼ + stars: | 2023-11-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Social media posts claimed without evidence that Italy has registered no new births for three months, contrary to reports by the national statistics bureau and local media. The Italian National Institute of Statistics (ISTAT) told Reuters that the three most recent months of data available showed an average of more than 30,000 births per month in Italy, and that preliminary numbers for subsequent months were in the same range. No Child Births in 3 Months.”However, the data published by ISTAT shows 31,105 births in June, 33,753 in July and 33,093 in August 2023. While Italy's overall population has been falling since 2014, the country registered new births in September, October and November 2023, according to local news reports. Published and preliminary data from the Italian National Institute of Statistics (ISTAT) shows that Italy has registered thousands of new births in every month of 2023.

Persons: Read Organizations: Italian National Institute of Statistics, Reuters, ISTAT, Thomson Locations: Italy

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsROME, Nov 23 (Reuters) - Glencore (GLEN.L) has decided to build a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy, but still has its eye on the island of Sardinia for a larger facility, the Swiss mining group said on Thursday. "This development does not immediately impact the feasibility assessment of the larger hub project," Glencore said in an emailed statement. This initiative is important for our recycling strategy and aligns with Italy's objectives for sustainable industry development," the group added. Last month, Reuters reported that documents filed by Glencore as part of the environmental impact assessment procedure had been judged insufficient by Sardinia's regional administration.

Persons: Arnd, Glencore, Li, Francesca Landini, Jan Harvey, Keith Weir Organizations: REUTERS, Rights, UIL, Reuters, Thomson Locations: Baar, Switzerland, Italy, Sardinia, Swiss, Portovesme, Europe, North America, CISL, Sardinian

☆ Geert Wilders: A ‘Trump moment’ in the Netherlands shows that Europe still has a populist problem
▼ + stars: | 2023-11-23 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —The shock election results in the Netherlands have taken Europe by surprise, and left many onlookers unsure exactly what happens next. Far-right populist Geert Wilders and his Freedom Party (PVV) are now seeking to form a government after an unexpected win in Wednesday’s national vote. It would be very unusual for a party that comprehensively won the most seats to be locked out of government. Beyond those immediate concerns, there are questions as to what Wilders’ victory means for the direction of Dutch and European politics more broadly. Congratulations to Geert Wilders on winning the Dutch elections,” Hungarian PM Viktor Orban said late on Wednesday.

Persons: Geert Wilders, “, Donald, Trump, ” Catherine de Vries, Wilders, Mark Rutte, Robert Fico, Giorgia, Tiziana Fabi, Viktor Orban, Marine Le Pen, Carl Court, Emmanuel Macron, Le Pen, Giorgia Meloni, Nigel Farage, Farage Organizations: CNN, Freedom Party, Wednesday’s, Italy’s Bocconi University, European Union, Democracy Party, VVD, New, Labour, Green, Italy's, Albania's, Edi, Getty, –, EU, ”, Conservative, firebrand, Conservatives, Conservative Party Locations: Netherlands, Europe, Ukraine, Italy, Slovakia, Rome, AFP, EU, Brussels, ” Hungarian, France, United Kingdom

☆ Sinner doubles up as Italy down Netherlands, reach Davis Cup semis
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

MALAGA, Spain, Nov 23 (Reuters) - Italy's Jannik Sinner won his singles match and paired up with Lorenzo Sonego to claim a doubles victory as the former champions beat the Netherlands 2-1 to book their place in the Davis Cup semi-finals on Thursday. Italy, who won their only Davis Cup title in 1976, will now take on a Serbia side featuring world number one Novak Djokovic or Britain who meet in their quarter-final later on Thursday. The changes worked well for both teams in a high-octane clash but Sinner and Sonego won the crucial points in front of a boisterous crowd to send Italy through. World number four Sinner, who was beaten by Novak Djokovic in the ATP Finals title clash on Sunday, got them back into the quarter-final tie with an impressive display against Griekspoor. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Ken Ferris and Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sinner, Lorenzo Sonego, Sonego, Tallon Griekspoor, Wesley Koolhof, Davis, Novak Djokovic, Botic van de, Matteo Arnaldi, Paul Haarhuis, Jean, Julien Rojer, Filippo Volandri, Simone Bolelli, Arnaldi, Van de Zandschulp, Shrivathsa Sridhar, Ken Ferris, Toby Davis Organizations: Davis, eventual, France, ATP, Griekspoor, Thomson Locations: MALAGA, Spain, Netherlands, Italy, Serbia, Bengaluru

The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsROME, Nov 23 (Reuters) - Glencore (GLEN.L) has decided to build a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy, but still has its eye on the island of Sardinia for a larger facility, the Swiss mining group said on Thursday. "This development does not immediately impact the feasibility assessment of the larger hub project," Glencore said in an emailed statement. This initiative is important for our recycling strategy and aligns with Italy's objectives for sustainable industry development," the group added. The Swiss group did not specify where it would build the pilot plant.

Persons: Arnd, Glencore, Li, Francesca Landini, Jan Harvey, Keith Weir Organizations: REUTERS, Rights, Union, Hub, Reuters, UIL, Thomson Locations: Baar, Switzerland, Italy, Sardinia, Swiss, Portovesme, Europe, North America, Sardinian, CISL

Enel, hitherto the world's biggest listed renewables developer, plans 35.8 billion euros ($39 billion) of gross capital expenditure in its plan to 2026, of which nearly 19 billion euros will help to modernise and make its networks more resilient. Shares in the state-controlled power group were down 0.4% at 1530 GMT paring a 1% initial loss on the Milan bourse and underperforming a nearly flat blue-chip index. Rising indebtedness was one of the reasons why the Italian government, which is the single biggest shareholder in Enel, decided to oust the group's previous CEO, Francesco Starace. New CEO Flavio Cattaneo pledged to spend only the cash generated by the business, without increasing the debt pile. The group will devote some 3 billion euros to actively manage its customer portfolio through bundled offers, which will include different commodities and services.

Persons: Antonio Parrinello, Enel, Francesco Starace, Flavio Cattaneo, Cattaneo, Stefano De Angelis, Starace, Francesca Landini, Giancarlo Navach, Keith Weir, Giulia Segreti, Elaine Hardcastle, Jonathan Oatis Organizations: REUTERS, Milan bourse, Thomson Locations: Catania, Italy, MILAN, Milan, Enel

Investments in renewables will be more selective, the group said, adding it would spend 12.1 billion euros in onshore wind, solar and battery storage. It will devote 49% of gross capex to investments in Italy, up from a 48% in the previous plan, which envisaged investment of 37 billion euros including 17 billion for renewables. Flavio Cattaneo, who succeeded long-serving CEO Francesco Starace in May, said the new 2024-26 business plan would turn Enel into a leaner and more flexible group. Enel said its net ordinary income was expected to grow to between 6.6 billion and 6.8 billion euros next year and rise to 7.1-7.3 billion euros in 2026. ($1 = 0.9168 euros)Reporting by Francesca Landini, editing by Giulia SegretiOur Standards: The Thomson Reuters Trust Principles.

Persons: Flavio Cattaneo, Francesco Starace, Cattaneo, Enel, Francesca Landini, Giulia Segreti Organizations: MILAN, Investments, Thomson Locations: Italy

☆ Italy's privacy regulator looks into online data gathering to train AI
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Nov 22 (Reuters) - Italy's data protection authority has kicked-off a fact-finding investigation into the practice of gathering large amounts of personal data online for use in training artificial intelligence (AI) algorithms, the regulator said on Wednesday. The watchdog is one of the most proactive of the 31 national data protection authorities in assessing AI platform compliance with Europe's data privacy regime known as the General Data Protection Regulation (GDPR). Earlier this year, it briefly banned popular chatbot ChatGPT from operating in Italy over a suspected breach of privacy rules. "Following the fact-finding investigation, the Authority reserves the right to take the necessary steps, also in an urgent matter", the regulator said.

Persons: Dado Ruvic, Elvira Pollina, Mark Potter Organizations: REUTERS, General Data Protection, Authority, Reuters, Thomson Locations: Italy, France, Germany

Search resuls for: "Italy's"

25 mentions found