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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
Eleonora Berlusconi, Barbara Berlusconi and Luigi Berlusconi react on the day of the state funeral of former Italian Prime Minister Silvio Berlusconi outside the Duomo Cathedral, in Milan, Italy June 14, 2023. The other new entry is lawyer Michele Carpinelli, an M&A expert and a long-time family adviser, the source added. In his will, Berlusconi, who died aged 86 in June, handed his eldest children, Marina and Pier Silvio, joint control of Fininvest through a combined, indirect 52% stake. Marina and Pier Silvio have been directly involved in running the family business for almost two decades. Pier Silvio, Barbara and Luigi have long been board members.
Persons: Eleonora Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Silvio Berlusconi, Claudia Greco, Berlusconi, Michele Carpinelli, Silvio, Barbara, Eleonora, Luigi, Marina Berlusconi, Berlusconi's, Mediolanum, Elvira Pollina, Keith Weir, Valentina Za Organizations: Italian, Duomo Cathedral, REUTERS, Repubblica, Marina, Mondadori, Thomson Locations: Duomo, Milan, Italy
[1/5] The Campidoglio, Rome's city hall, is lit up in red to honour women who have been killed by men to mark International Day for the Elimination of Violence Against Women, in Rome, Italy, November 25, 2021. The new law expands protections for women at risk to prevent more serious violence and stem a wave of femicides which have sparked outrage across the country. The government also pledged to campaign in schools to promote respect for women and raise awareness on the issue of violence among pupils. As of Nov. 19, 106 women have been killed this year in Italy, including 55 by their partner or former partner, interior ministry figures show. This compares with 109 women killed in the year-ago period, including 53 by a partner or ex-partner.
Persons: Remo Casilli, Giorgia Meloni, Eugenia Roccella, Giulia Cecchettin, Filippo Turetta, Antonio Tajani, Giuseppe Valditara, Angelo Amante, Richard Chang Organizations: REUTERS, Rights, Thomson Locations: Rome's, Rome, Italy, Venice, Germany
"This Protocol is not comparable to the agreement between the United Kingdom and Rwanda," Tajani said, rejecting comparisons between the Italian initiative and Britain's, which UK's top judges have declared unlawful. The protocol, seen by Reuters, says the camps will operate under Italian jurisdiction, and should open in spring 2024. Tajani told lawmakers Italy would bear all the costs, including building and policing the centres, and would pay 16.5 million euros ($18.00 million) for the initial expenses. Some 150,000 sea migrants have arrived in Italy so far this year, compared to around 94,000 in the same period in 2022. ($1 = 0.9168 euros)Reporting by Angelo Amante Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Giorgia Meloni, Antonio Tajani, Tajani, Meloni, Silvio Berlusconi, Angelo Amante, Alexandra Hudson Organizations: Reuters, Albanian, Forza Italia, Alexandra Hudson Our, Thomson Locations: Albania, Rwanda, Africa, Italy, Turkey, United Kingdom, Tajani
Italy raises $1 bln as reduces Monte dei Paschi stake
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +3 min
NOVEMBER 2007 - MPS buys Antonveneta from Santander (SAN.MC) for 9 billion euros in cash, months after the Spanish bank paid 6.6 billion euros for it. JULY 2011 - MPS raises 2.15 billion euros in a rights issue ahead of European stress test results. JUNE 2014 - MPS raises 5 billion euros in a rights issue and repays the state 3.1 billion euros. JUNE 2015 - MPS raises 3 billion euros in cash after a 5.3 billion euro net loss for 2014 on record bad loan writedowns. It repays the remaining 1.1 billion euro state underwritten special bond.
Persons: Valentina Za, Keith Weir Organizations: MILAN, Monday, MPS, JPMorgan, Treasury, Bank of Italy, Antonveneta, Italy's, ECB, EU Commission, Thomson Locations: Italy, Siena, Santander, Europe
Italy reach Euro 2024 after tense 0-0 draw with Ukraine
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +3 min
LEVERKUSEN, Germany, Nov 20 (Reuters) - Italy qualified for Euro 2024 after drawing 0-0 against Ukraine in their final Group C qualifier on Monday although the Ukrainians can still secure a spot through the playoffs. European champions Italy finished second, level on 14 points with third-placed Ukraine but with a better head-to-head record after a tense affair that could have gone either way. The Italians ended six points behind England, who had sealed qualification after beating Italy 3-1 at Wembley in October. "Ukraine showed that they are an equipped team and they gave us a hard time," Italy coach Luciano Spalletti told Rai Sport. Defender Giovanni Di Lorenzo then nearly nodded home for Italy from a corner just before the half-hour mark before Trubin pulled off a stunning save to deny Davide Frattesi.
Persons: Bryan Cristante's, Mykhailo Mudryk, Luciano Spalletti, Rai Sport, Italy's, Anatoliy Trubin, Italy's Federico Chiesa, Donnarumma, Giovanni Di Lorenzo, Trubin, Davide Frattesi, Mudryk, Roberto Mancini, Anita Kobylinska, Ken Ferris Organizations: LEVERKUSEN, Ukraine, Italy, England, Wembley, BayArena, Thomson Locations: Germany, Italy, Ukraine, Nyon ., Leverkusen, Qatar, Gdansk
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has shown a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was last traded at 148.36 yen , down 0.84%.
Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Richmond Federal, Central Bank, Thomson Locations: U.S
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has showed a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was traded at 148.40 yen , down 0.81%.
Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Reserve Bank of Richmond, Central Bank, Thomson Locations: U.S
Djokovic eyes 'Golden Slam' in 2024
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +2 min
Djokovic, who won his seventh ATP Finals on Sunday with a straight set win over Jannik Sinner, missed out on Grand Slam this year after losing to Carlos Alcaraz in the Wimbledon final. Steffi Graf is the only player to have achieved the 'Golden Slam', winning the Australian, French and U.S. Opens, Wimbledon and a gold medal at the Seoul Olympics in 1988. "Well, you can win four slams and an Olympic gold," Djokovic said. The 24-times Grand Slam winner said he was "very, very proud" of his season.
Persons: Pala Alpitour, Serbia's Novak Djokovic, Italy's Jannik, Guglielmo Mangiapane, Novak Djokovic, Djokovic, Carlos Alcaraz, Steffi Graf, That's, I've, Chiranjit, Peter Rutherford Organizations: ATP, Wimbledon, Paris Olympics, Seoul, Thomson Locations: Turin, Italy, U.S, Wimbledon, Bengaluru
Djokovic eyes second Davis Cup title for Serbia
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +3 min
On Sunday he beat Italy's Jannik Sinner to win a record seventh ATP Finals title. I really would like to win the Davis Cup with Serbia. Traditional Davis Cup powerhouse Australia have not won the Davis Cup for 20 years but under captain Lleyton Hewitt they believe they can go one step further than last year. The Davis Cup will also be a chance for Sinner to shake off any lingering disappointment at losing to Djokovic in the ATP Finals on Sunday. World number four Sinner leads a strong-looking Italy side who will be favourites to beat the Dutch.
Persons: Pala Alpitour, Serbia's Novak Djokovic, Italy's Jannik, Guglielmo Mangiapane, Novak Djokovic, Davis, Djokovic, Rafa Nadal, Italy's, That's, Dan Evans, Andy Murray, Cameron Norrie, Jack Draper, Neal Skupski, Felix Auger, Aliassime, Denis Shapovalov, Milos Raonic, Emil Ruusuvuori, Lleyton Hewitt, Hewitt, Alex De Minaur, De Minaur, Martyn Herman, Pritha Sarkar Organizations: Canada, Australia, Sunday, France, Davis, Serbia, Wimbledon, Djokovic, ATP, Thomson Locations: Turin, Italy, Serbia, Malaga, Finland, Czech Republic, Netherlands, Belgrade, Britain's, Canada, Spain, Alicante, Marbella
Morning Bid: Thanksgiving starters of AI and oil
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike Dolan. Thanksgiving may make for a clipped U.S. markets week, but there's plenty to chew on around the world before then - and a feast of intrigue in the artificial intelligence space. His plans include shutting the central bank, ditching the peso and dollarizing the economy and slashing spending with potentially painful reforms. The risk premium between German and Italian 10-year yields tightened to 170 bps - the lowest since Sept. 21.
Persons: Brendan McDermid, Mike Dolan, Sam Altman, That's, thrall, Javier Milei, Milei, Jeremy Hunt, Andrew Bailey ,, Francois Villeroy de, Pablo Hernandez de Cos, Ed Osmond Organizations: New York Stock Exchange, REUTERS, Microsoft, Big Tech, Nvidia, Treasury, Federal Reserve, Bank, Bayer, Federal Reserve Bank of England, Andrew Bailey , Bank of France, Bank of Spain, Technologies, Keysight Technologies, Holdings Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, OPEC, Tokyo, Europe, Canada, Francois Villeroy de Galhau
MPS shares were down 7.8% at 2.83 euros by 1145 GMT on Tuesday, reflecting the impact of the sale. EU COMMITMENTSBofA Securities, Jefferies and UBS Europe coordinated the accelerated bookbuilding for the stake sale, the Treasury said in a statement. Commitments Italy agreed with European Union competition authorities at the time of the bailout bind Rome to eventually sell its entire stake in the bank. Two years ago heavyweight UniCredit (CRDI.MI) sank the government's privatisation efforts, forcing Rome to seek more time from the EU. The stake sale is seen as giving Italy more flexibility to pursue a long-term solution for MPS via a merger with a rival, after negotiations with UniCredit were complicated by an impending re-privatisation deadline.
Persons: Jennifer Lorenzini, Luigi Lovaglio, Giancarlo Giorgetti, Giorgia Meloni, Valentina Za, Lincoln, Richard Chang, Mark Potter Organizations: Monte, REUTERS, Treasury, MPS, BofA Securities, Jefferies, UBS Europe, European Union, Reuters, Economy, Banco, BPER Banca, EU, Thomson Locations: Monte dei, Siena, Italy, MILAN, Rome
But for transgender women who live there it had seemed light years away until a rapprochement with the Catholic Church that began during the COVID-19 lockdown and led to an invitation to have lunch with Pope Francis on Sunday. Last week, the Vatican's doctrinal office issued a statement saying transgender people can be godparents at Roman Catholic baptisms, witnesses at religious weddings and receive baptism themselves. As well as sending money, the cardinal arranged for them to have COVID vaccinations in the Vatican and to meet the pope. "For us, he is our saint," Salas said of Conocchia last week. On Sunday, Conocchia arrived at the Vatican on a bus with about 50 poor from his parish, including transgender people, both foreign born and Italian.
Persons: Oriana Boselli, Antonio Denti, Philip Pullella TORVAIANICA, Pope Francis, Claudia Victoria Salas, Carla Segovia, Salas, Francis, Father Andrea Conocchia, Conocchia, " Salas, Segovia, Philip Pullella, Barbara Lewis Organizations: VATICAN CITY, Catholic Church, Immaculate Locations: Italy, VATICAN, Torvaianica
[1/4] Carla and Claudia Victoria, transgender women, sit inside the Blessed Immaculate Virgin Church in Torvaianica, near Rome, Italy, November 16, 2023. But for transgender women who live there it had seemed light years away until a rapprochement with the Catholic Church that began during the COVID-19 lockdown and led to an invitation to have lunch with Pope Francis on Sunday. Claudia Victoria Salas, 55, and Carla Segovia, 46, both Argentinian, were in a group of transgender people, among about 1,200 poor and homeless people, who attended the lunch on the Church's World Day of the poor. As well as sending money, the cardinal arranged for them to have COVID vaccinations in the Vatican and to meet the pope. On Sunday, Conocchia arrived at the Vatican on a bus with about 50 poor from his parish, including transgender people, both foreign born and Italian.
Persons: Carla, Claudia Victoria, Antonio Denti, Pope Francis, Claudia Victoria Salas, Carla Segovia, Salas, Francis, Father Andrea Conocchia, Conocchia, " Salas, Segovia, Philip Pullella, Barbara Lewis Organizations: Immaculate Virgin Church, REUTERS, VATICAN CITY, Catholic Church, Immaculate, Thomson Locations: Torvaianica, Rome, Italy, VATICAN
Blackstone, Macquarie deny ASPI sale report, pledge commitment
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +2 min
Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsMILAN, Nov 17 (Reuters) - Blackstone and Macquarie on Friday dismissed as "completely false" an Italian newspaper report about possible ownership changes at Autostrade per l'Italia (ASPI), pledging their commitment as investors in the motorway operator. Following the 2022 deal, ASPI is controlled by state-lender CDP with funds Blackstone (BX.N) and Australia's Macquarie (MQG.AX). Under JPMorgan's plan ASTM would transfer its assets to ASPI whose shareholders would be CDP, Gavio group and Blackstone. In denying the report, Macquarie said it was committed to the "ongoing delivery of ASPI's multi-billion euro investment programme".
Persons: JP Morgan, Italy's, ASPI, Australia's Macquarie, Macquarie, Blackstone, Matteo Salvini, Elisa Anzolin, Giuseppe Fonte, Valentina Za Organizations: Blackstone Group, REUTERS, Blackstone, La Stampa, ASTM, Benetton, Shareholders, Reuters, Thomson Locations: New York City, U.S, Macquarie, Ardian, Milan, Rome
REUTERS/Remo Casilli Acquire Licensing RightsROME, Nov 17 (Reuters) - Italians faced disruption on Friday as transport workers and other public sector employees from two of the country's largest unions went on strike in protest over the government's budget plans for 2024. The CGIL and UIL unions have called a general strike in the central regions of Italy, as well as a walkout by public sector employees across the country. Salvini, who is also transport minister, said he was making sure Italians could still go about their business on Friday. "Yes there is the right to strike, but it's satisfying to protect the right to work for the overwhelming majority of Italians," he told broadcaster Rai's TG2 news programme on Thursday. Striking workers are expected to hold a rally in Rome's central Piazza del Popolo to protest against Prime Minister Giorgia Meloni's right-wing government.
Persons: Giorgia Meloni, Remo Casilli, Matteo Salvini, Maurizio Landini, Salvini, Giorgia Meloni's, Italy's, Keith Weir, Sharon Singleton Organizations: Italian, CGIL, UIL, REUTERS, Rights, la Repubblica, TG2, Union, Thomson Locations: Piazza del, Rome, Italy, Rome's, Piazza
Nov 17 (Reuters) - Moody's on Friday left Italy's sovereign debt rating at Baa3, one notch above junk, but upgraded the outlook to stable from negative, in an unexpected boost for Prime Minister Giorgia Meloni's government. Most analysts had expected the agency to leave both Italy's rating and outlook unchanged. Moody's had put the euro zone's third-largest economy on a negative outlook in August last year following a government collapse and in the midst of an energy crisis. "The decision to change the outlook to stable from negative reflects a stabilisation of prospects for the country's economic strength, the health of its banking sector and the government's debt dynamics," Moody's said. The European Commission forecast on Wednesday that Italy's debt, proportionally the second-highest in the euro zone, would rise marginally from a projected 140% of national output this year to 141% in 2025.
Persons: Giorgia, Moody's, DBRS, Fitch, Giancarlo Giorgetti, Gavin Jones, Keith Weir, Shounak Dasgupta, Rosalba O'Brien Organizations: P, Economy, Analysts, Saikeerthi, Thomson Locations: Italy, Germany, Bengaluru
U.S. two-year Treasury yields skidded below 4.80% on Friday for the first time since September 1, with 10-year yields dropping under 4.40% to September lows too. Crude has now lost almost 25% in just six weeks - aided by the U.S. gradually lifting oil sanctions on Venezuela. The Labor Department said import prices fell a whopping 0.8% in October, the most in seven months amid a broad decline in the costs of goods - deepening the annual deflation of import prices to as much as 2.0%. Even though the dollar (.DXY), , is taking a hit from the plunge in U.S. Treasury yields, the drop in sovereign borrowing rates was mirrored across the world in Europe , even Japan . Mirroring the softening demand picture elsewhere, British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home.
Persons: Lucas Jackson, Mike Dolan, plumb, Morgan, Susan Collins, Mary Daly, Austan Goolsbee, Michael Barr, Dave Ramsden, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Walmart, Cisco, Alibaba, Philadelphia Federal Reserve, Labor Department, Treasury, Hong, Housing, Atlanta, Boston Federal, San Francisco Fed, Chicago Fed, Bank of England, United States, APEC, Graphics, Thomson, Reuters Locations: New York, U.S, Wall, Alibaba ., Venezuela, Europe, Japan, HK, Hong Kong, China, San Francisco
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.
Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome
Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Antonio Horta Osorio, Simon Dawson, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Lloyds Banking Group, REUTERS, Rights, Credit Suisse, bcp, Santander Portugal, Caixa Geral, Thomson Locations: Buckingham Palace, London, Rights LISBON, Lisbon, Portugal, Horta, Caixa, Depositos
UBS has highlighted several stock ideas it favors for 2024, as it forecasts massive cuts to interest rates next year. The investment bank expects the U.S. will see slower economic growth and strong disinflation leading to an interest rate cut of 275 basis points . Given the economic outlook, UBS strategists recommend a number of trades to clients for 2024. All the sectors apart from software trade on bigger discounts than normal against their US peers," the UBS strategists said. To reflect that view, UBS strategists said they favored gaining exposure to the KraneShares CSI China Internet ETF in 2024.
Persons: Jonathan Pingle, Gerry Fowler, Sean Simonds, KWEB Organizations: UBS, Federal, CNBC, U.S, Investors, China Tech, Internet Technology, CSI China Internet Locations: U.S, China
Italy's cabinet backs crack down on women pickpockets
  + stars: | 2023-11-16 | by ( Angelo Amante | ) www.reuters.com   time to read: +2 min
REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing RightsROME, Nov 16 (Reuters) - Italy's rightist government on Thursday backed a raft of measures to improve public security including potentially tougher penalties for women offenders who are pregnant or have very young children, in a move aimed at pickpockets. The coalition League party had long called for the scrapping of a rule that prevents such women from being immediately detained, as part of its campaign against foreign pickpockets on public transport. "This is aimed at avoiding the use of the maternity status as an exemption when committing a crime," the minister said. In a statement, the Green-Left Alliance (AVS) called it an "abuse against pregnant women and their children ... who are blameless". The measure has been included in a government bill subject to approval by both houses of parliament before becoming law.
Persons: Guglielmo Mangiapane, Matteo Piantedosi, Angelo Amante, William Maclean, Mark Potter Organizations: REUTERS, Rights, League, - Left, Thomson Locations: Rome, Italy
By Sergio GoncalvesLISBON (Reuters) - The resignation of Portugal's prime minister will trigger instability that could delay economic reforms, while making it harder for the country to keep a balanced budget and further reduce debt, bankers warned on Thursday. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Sergio Goncalves LISBON, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Credit Suisse, Lloyds Banking Group, Santander Portugal, Caixa Geral Locations: Lisbon, Portugal, Horta, Caixa, Depositos
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 15 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS (DRS.O) on the market. The 16.5 million shares in Leonardo DRS making up the stake are worth about $344.2 million, according to Reuters calculations based on their closing price on Wednesday. Proceeds from the sale will be used to increase financial flexibility to finance possible investments and acquisitions, Leonard said in its statement announcing the sale. Index provider MSCI (MSCI.N) on Tuesday added Milan-listed Leonardo to its widely-followed MSCI ACWI stock index. Last week, Leonardo posted rising core earnings, revenues and new orders and confirmed its full-year guidance.
Persons: Leonardo, Dado Ruvic, Leonard, Morgan Stanley, Morgan, Urvi, Tom Hogue Organizations: REUTERS, Leonardo DRS, DRS, BofA Securities, Thomson Locations: Milan, European, Bengaluru
U.S. President Joe Biden delivers remarks on the White House initiative on climate change, at the White House in Washington, November 14, 2023. REUTERS/Tom Brenner Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden on Tuesday attacked former President Donald Trump for using the word "vermin" to refer to his political enemies, saying it echoed the language of Nazi Germany. Biden said Trump's comments echoed language heard in Nazi Germany in the 1930's. "Trump also recently talked about quote, 'the blood of America is being poisoned'... Again, echoes the same phrases used in Nazi Germany." Steven Cheung, a Trump campaign spokesman, has previously rejected the comparisons to Nazis, Hitler and Italy's Mussolini.
Persons: Joe Biden, Tom Brenner, Donald Trump, Trump, Biden, Trump's, he's, autocrats, Steven Cheung, Hitler, Italy's Mussolini, Cheung, Trevor Hunnicutt, Nandita Bose, Raju Gopalakrishnan Organizations: White, REUTERS, FRANCISCO, Tuesday, Republican, Trump, Thomson Locations: Washington, Nazi Germany, New Hampshire, America, San Francisco
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