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☆ Italy recovers Etruscan artifacts dug up by ‘amateurish’ tomb raiders
▼ + stars: | 2024-11-20 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

artifacts from an Etruscan necropolis looted by a couple of bungling tomb raiders in Umbria who stumbled across the haul on their land. They were found in Citta della Pieve, about 150 kilometers (90 miles) north of Rome. The ornate artifacts were seized by Italian police after 'clumsy' tomb raiders tried to find buyers online. They “had nothing to do with the world of (practiced) tomb raiders” and were “clumsy” and “amateurish” in the way they tried to access the black market for looted art, the prosecutor said. Another Etruscan tomb, belonging to the same “Pulfna” family, was found in Città della Pieve in 2015.

Persons: Remo Casilli, Raffaele Cantone, ”, Cantone, Annamaria Greco, Città, dei Organizations: CNN, Citta della Pieve, Police, Carabinieri, Facebook Locations: Umbria, Italy, Rome, Perugia, Città della Pieve

☆ Ford, GM, Stellantis face a daunting second half of 2024
▼ + stars: | 2024-07-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.

Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy

☆ Israeli leaders and military criticize reported US plans to sanction IDF unit
▼ + stars: | 2024-04-22 | by ( Eugenia Yosef | Tim Lister | ) edition.cnn.com time to read: +4 min

CNN —Israeli Prime Minister Benjamin Netanyahu and other ministers have sharply criticized reports of plans by the United States to sanction an Israeli military unit for alleged human rights abuses against Palestinians in the occupied West Bank. The allegations are said to implicate members of the Netzah Yehuda battalion of the Israel Defense Forces (IDF) in the occupied West Bank, a unit established in 1999 comprising religious and Ultra-Orthodox Jews. He didn’t explicitly name Netzah Yehuda. An ‘inseparable part’ of the IDF“The ‘Netzah Yehuda’ battalion is an inseparable part of the Israel Defense Forces. Remo Casilli/Reuters“The reports regarding sanctions against the Netzah Yehuda Battalion are not currently known to the IDF.

Persons: Benjamin Netanyahu, ” Netanyahu, “, ”, Netanyahu, Antony Blinken, didn’t, Netzah Yehuda, Netzah Yehuda ’, ” Benny Gantz, Israel, Gantz, Bezalel Smotrich, Netzah, Remo Casilli, ” Blinken, I’ve, Blinken Organizations: CNN, Israeli, West Bank, Israel Defense Forces, “, Rights Watch, HRW, Palestinian Ministry of Health, IDF, International, Reuters, Netzah Locations: United States, Gaza, Israel, Capri, Italy

☆ Italy grapples with its patriarchal history as femicide cases shock the nation
▼ + stars: | 2024-03-09 | by ( Antonia Mortensen | Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

But all the women killed by femicide in Italy have one thing in common: they knew their killers. Italy might have a female prime minister, but she makes a point of not identifying herself as a feminist. The prevalence of domestic violence in Italy is fed by societal failures, says Lorella Zanardo, an activist, educator and documentary filmmaker. While Italy does not have Europe’s highest rate of domestic violence, it is among the lowest ranked in Europe when it comes to gender equality. In Italy, the feminist movement was largely driven by the left, which meant that those who supported right-leaning parties, including current Prime Minister Giorgia Meloni, have distanced themselves from feminism entirely.

Persons: femicide, Antonio Gozzini, Cristina Maioli, Lorella Zanardo, Zanardo’s, Donne, it’s, ” Zanardo, “, Muro, Frank Bienewald, Giorgia Meloni, ’, il, Cristina Carelli, Carelli, hasn’t, hadn’t, ”, ” Carelli, Giulia Cecchettin's, Claudia Greco, Giulia Cecchettin’s, Filippo Turetta, Turetta, Cecchettin’s, Remo Casilli, Maria Grazia, ” Maria Grazia, Antigone, Eugenia Roccella, Christina Organizations: CNN, Italy’s Union of Women, Milan, “ Locations: Italy, Europe, Milan, Germany, Rome

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

☆ Intesa CEO says bank profits at peak
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

Carlo Messina, Chief Executive Officer of Intesa Sanpaolo bank, looks on during a meeting in Rome, Italy April 18, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsMILAN, Nov 30 (Reuters) - Bank profits are close to peaking, and net fees will again play a prominent role from next year, giving an edge to banks such as Intesa Sanpaolo (ISP.MI) which has a diversified business model, Chief Executive Carlo Messina said on Thursday. "There is no doubt that we are currently in a peak phase for bank profits," Messina said. Italian banks have posted record profits this year thanks to higher interest rates, which lifted lending costs while deposit returns remained very low. Reporting by Valentina Za, editing by Gianluca SemeraroOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Messina, Remo Casilli, Messina, Valentina Za, Gianluca Semeraro Organizations: REUTERS, Bank, Thomson Locations: Sanpaolo, Rome, Italy

☆ Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +9 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ 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

☆ Pope strips conservative US cardinal of Vatican privileges, Vatican official says
▼ + stars: | 2023-11-28 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

REUTERS/Remo Casilli/File Photo Acquire Licensing RightsVATICAN CITY, Nov 28 (Reuters) - Pope Francis has removed some of the Vatican privileges of conservative American Cardinal Raymond Burke, including a large subsidized apartment and his salary, a senior Vatican official said on Tuesday. The official, who spoke on the condition of anonymity, participated in a regular Vatican meeting when the pope made the announcement to senior aides last week. Burke has had no senior Vatican job for years. On Nov. 11, the pope dismissed another conservative critic, Bishop Joseph Strickland of Tyler, Texas, after Strickland refused to step down following a Vatican investigation. Most recently, in October, Burke was one of five cardinals who openly challenged a global month-long Vatican meeting, known as a synod.

Persons: Cardinal Raymond Leo Burke, Remo Casilli, Pope Francis, American Cardinal Raymond Burke, Burke, Francis, Bishop Joseph Strickland, Strickland, Philip Pullella, Bill Berkrot Organizations: REUTERS, CITY, American, Vatican, Church, Quotidiana, Thomson Locations: Rome, Italy, Wisconsin, United States, American, Tyler , Texas, Italian

☆ Gucci employees in Rome go on strike over creative office move
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A Gucci sign is seen outside a shop in Rome, April 20, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters) - A few dozen employees at fashion house Gucci in Rome went on strike on Monday against the company's decision to move its design office from the Italian capital to Milan. Labour union CGIL's regional office said Gucci's decision was not supported by objective reasons, making hard not to think the real goal was to cut staff. The transfer "does not involve any staff reductions", a spokesperson for Gucci told Reuters. Following the departure of creative director Alessandro Michele in 2022, Gucci owner Kering (PRTP.PA) changed the label's top management, as it seeks to reignite sales momentum at its largest brand.

Persons: Remo Casilli, Gucci, Alessandro Michele, Kering, Elisa Anzolin, Mark Potter Organizations: REUTERS, Labour, CGIL's, Reuters, Thomson Locations: Rome, Milan

☆ Italy's parties unanimously back clampdown on violence against women
▼ + stars: | 2023-11-22 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

[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

☆ Pope to meet relatives of hostages, Palestinians with family in Gaza
▼ + stars: | 2023-11-17 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

Pope Francis gestures as he leaves after the weekly general audience, in Saint Peter's Square at the Vatican, November 15, 2023. REUTERS/Remo Casilli/File photo Acquire Licensing RightsVATICAN CITY, Nov 17 (Reuters) - Pope Francis will meet separately next week with relatives of hostages held by Hamas militants and with a group of Palestinians with family members in Gaza, the Vatican said on Friday, confirming a Reuters report. One source said 12 relatives of Israeli hostages would meet the pope early on Wednesday morning before his weekly general audience. Speaking to reporters on the sidelines of a conference in Rome, Parolin said the Vatican was working on a meeting between the pope and relatives of the hostages but gave no time frame. About 240 hostages were taken by Hamas gunmen when they stormed into southern Israel on Oct. 7.

Persons: Pope Francis, Remo Casilli, Matteo Bruni, Cardinal Pietro Parolin, Parolin, Francis, Philip Pullella, Gareth Jones, Jonathan Oatis, Toby Chopra Organizations: Vatican, REUTERS, CITY, Hamas, Reuters, State, Thomson Locations: Saint Peter's, Gaza, Israel, Rome

☆ Italians face disruption as workers strike over government budget
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

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

☆ Vatican confirms ban on Catholics becoming Freemasons
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Pope Francis gestures as he leaves after the weekly general audience, in Saint Peter's Square at the Vatican, November 15, 2023. REUTERS/Remo Casilli Acquire Licensing RightsVATICAN CITY, Nov 15 (Reuters) - The Vatican has confirmed a ban on Catholics becoming Freemasons, a centuries-old secretive society that the Catholic Church has long viewed with hostility and has an estimated global membership of up to six million. "Active membership in Freemasonry by a member of the faithful is prohibited, because of the irreconcilability between Catholic doctrine and Freemasonry," the Vatican's doctrinal office said in a letter published by Vatican media on Wednesday. The letter on Freemasons cited a 1983 declaration, signed by the late Pope Benedict XVI, at the time the Vatican's doctrine chief, stating that Catholics "in Masonic associations are in a state of grave sin and may not receive Holy Communion". The group says it has 180,000 male members, with two parallel female lodges in England having another 5,000 members, and estimates global Freemasonry membership at around six million.

Persons: Pope Francis, Remo Casilli, Pope Benedict XVI, Queen Elizabeth's, Prince Philip, Winston Churchill, Peter Sellers, Alf Ramsey, Rudyard Kipling, Arthur Conan Doyle, Alvise Armellini, Nick Macfie Organizations: Vatican, REUTERS, CITY, Freemasons, Catholic Church, United, Lodge of, Thomson Locations: Saint Peter's, Philippines, Lodge of England, England

☆ Lazio's Immobile denies Fiorentina place in top four with late penalty
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Lazio captain Immobile struck low into the left of the net in stoppage time, sending Fiorentina goalkeeper Pietro Terracciano the wrong way after Lazio were awarded a penalty when Fiorentina's Nikola Milenkovic handled the ball. Fiorentina are sixth in the standings on 17 points, one point behind champions Napoli in fifth and two less than fourth-placed Atalanta, who beat lowly Empoli 3-0 earlier on Monday. Lazio, who won three consecutive home games in the competition for the first time since April, moved up to seventh in the standings on 16 points. Lazio next travel to Bologna on Friday while Fiorentina take on second-placed Juventus on Sunday. Reporting by Anita Kobylinska in Gdansk Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Ciro, Remo Casilli, Vincenzo Italiano's, Pietro Terracciano, Fiorentina's Nikola Milenkovic, Atalanta, Maurizio Sarri, Lucas Beltran, Felipe Anderson, Anita Kobylinska, Christian Radnedge Organizations: Soccer, Lazio, Fiorentina, Stadio Olimpico, Rights, Serie, Napoli, Empoli, Inter Milan, Sky Sports, Serbian, Europa Conference League, Juventus, Sunday, Thomson Locations: Rome, Italy, Bologna, Gdansk

☆ Births in Italy heading for new record low in 2023 - stats office
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Rome, Italy, November 14, 2022. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsROME, Oct 26 (Reuters) - Births in Italy are heading for a new record low this year, according to preliminary data that points to a deepening of the country's long-standing demographic crisis. Between January and June there were 3,500 fewer births than in the same period of 2022, the data from national statistics bureau ISTAT showed. In 2022 as a whole, births fell 1.7% to 393,000, a 14th consecutive drop and the lowest number since the country's unification in 1861. The rate is bolstered by immigrants, while among women of Italian nationality it stood at just 1.18 in 2022.

Persons: Leonardo, Viviana Valente, Remo Casilli, Giorgia, women's, Antonella Cinelli, Gavin Jones, John Stonestreet Organizations: Santo Spirito Hospital, UN, REUTERS, Rights, for Economic Cooperation, Development, ISTAT, Thomson Locations: Rome, Italy

☆ 'Please wake up': Families of Israeli victims urge world to stand against Islamist violence
▼ + stars: | 2023-10-25 | by ( Angelo Amante | ) www.reuters.com time to read: +3 min

The group included Avi Eylon, whose 23-year-old daughter, Shira, was killed with a friend while attending a music festival. Some 222 people were taken hostage after the attack on southern Israel in which 1,400 people were killed. Hamas on Monday freed two Israeli civilian women following the release of two hostages with dual U.S.-Israeli nationality on Friday. Health officials in the Hamas-run Gaza Strip said more than 6,500 people have been killed since Israel began its bombing campaign in response. Reporting by Angelo Amante; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Shira, Avi Eylon, Remo Casilli, Giorgia Meloni, Israel, Eviatar Moshe Kipnis, Lilian Le Havron, Nadav, Angelo Amante, Nick Macfie Organizations: Reuters, REUTERS, Rights, Health, Gaza, Hamas, Thomson Locations: Gaza, Israel, Rome, Italy, Europe, Qatar, Egypt, Palestine, France, Belgium

[1/2] Pope Francis looks on as he leads the weekly general audience in Saint Peter's Square at the Vatican, October 11, 2023. REUTERS/Remo Casilli Acquire Licensing RightsVATICAN CITY, Oct 11 (Reuters) - Pope Francis, in his strongest comments since the start of the conflict in Gaza, on Wednesday called for the release of all hostages taken by Hamas militants and said Israel has a right to defend itself. On Saturday, Hamas gunmen from the Gaza Strip rampaged through parts of southern Israel, in the deadliest Palestinian militant attack in Israel's history. The pope's mention of Israel's right to self defence followed diplomatic pressure from Israel for him to make such a statement, following earlier statements from the pope and Vatican officials which Israel saw as too timid. But I would like to hear stronger words about Israel's right to defend itself."

Persons: Pope Francis, Remo Casilli, Israel, Raphael Schutz, Francis, Bernadette Baum Organizations: Vatican, REUTERS, CITY, Reuters, Thomson Locations: Saint Peter's, Gaza, St, Israel, Palestine, Rome

The government last week revisited a 40% tax on banks' net interest margin (NIM) that it had introduced in a shock move in August. Lenders now have the option to boost reserves by an amount equivalent to 2.5 times the tax. Economy Minister Giancarlo Giorgetti said on Sept. 27 the final outcome of the process would be "a great bank policy measure" that makes Italy's banks the strongest in Europe. The law requires banks that forego the tax to set aside money under ad hoc reserves in their accounts. If forced to boost capital through the ad hoc reserves, banks can use larger buybacks over time to compensate shareholders, one of the sources said.

Persons: Giancarlo Giorgetti, Remo Casilli, Banks, Luigi Lovaglio, Andrea Orcel, Giorgia Meloni, Giorgetti, Bernadette Baum Organizations: REUTERS, Treasury, Economy, European Central Bank, Monte, Thomson Locations: Rome, Italy, ROME, Europe, Monte dei, Siena

☆ Pope Francis cements legacy, stamps Church future with new cardinals
▼ + stars: | 2023-09-30 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/5] Pope Francis attends the consistory ceremony to elevate Roman Catholic prelates to the rank of cardinal, in Saint Peter's Square at the Vatican, September 30, 2023. There are now 137 cardinal electors, about 73 percent of them chosen by Francis. This increases - but does not guarantee - the possibility that the next pope will share his vision of a more progressive, inclusive Church. They are known as cardinal electors. On October 4, he will open a month-long major meeting in the Vatican, known as a synod, that could chart the Church's future.

Persons: Pope Francis, Remo Casilli, Peter's, Francis, Bishop Stephen Chow Sau, Chow, Italian Bishop Pierbattista Pizzaballa, convokes, Philip Pullella, William Maclean 私たち Organizations: Vatican, REUTERS, CITY, Church, Catholic Church, Malaysian Locations: Saint Peter's, St, U.S, France, Italy, Argentina, Switzerland, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Venezuela, Portugal, China, Beijing, Italian, Europe

☆ Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say
▼ + stars: | 2023-09-22 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

Italian Prime Minister Giorgia Meloni reacts at a news conference for her government's first budget in Rome, Italy November 22, 2022. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsROME, Sept 22 (Reuters) - Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product (GDP) from the current 4.5% target, sources told Reuters, pushed up by high interest rates and accounting adjustments regarding costly tax credits. The 3.7% target currently established for next year's fiscal gap is also set to be revised upwards, two sources close to the matter said. However, national statistics bureau ISTAT said any revisions to GDP data for the first and second quarter of this year are likely to be no more than marginal. Italy will unveil its new economic projections next week in the Treasury's annual Economic and Financial Document (DEF).

Persons: Giorgia Meloni, Remo Casilli, Giorgia, Gavin Jones, Toby Chopra Organizations: Italian, REUTERS, Rights, Reuters, Eurostat, Treasury, ISTAT, Thomson Locations: Rome, Italy

[1/2] Israeli Prime Minister Benjamin Netanyahu speaks as he attends an economic forum at Ministry of Enterprises and Made in Italy, in Rome, Italy, March 10, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowSept 18 (Reuters) - Israeli Prime Minister Benjamin Netanyahu urged Elon Musk to strike a balance between protecting free expression and fighting hate speech at a meeting on Monday after weeks of controversy over antisemitic content on Musk's social media platform X. "I know you're committed to that ... but I encourage and urge you to find a balance," Netanyahu said. Musk responded by saying he was against antisemitism and against anything that "promotes hate and conflict," repeating his previous statements that X would not promote hate speech. The billionaire, who also runs Tesla and SpaceX, noted that he received more pushback from Tesla employees about the meeting with Netanyahu than "anything else I've ever done."

Persons: Benjamin Netanyahu, Remo Casilli, Elon Musk, Musk, Netanyahu, Sheila Dang, Ari Rabinovitch, Yuvraj Malik, Howard Goller Organizations: Ministry of Enterprises, REUTERS, Defamation, ADL, SpaceX, Thomson Locations: Italy, Rome, Fremont , California, Tesla's California, Israel, Dallas, Jerusalem, Bengaluru

☆ UN chief heat officer says warming cities pose potential to be major killers
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Sept 6 (Reuters) - The United Nations' first global chief heat officer called on Wednesday for political leaders to make firm commitments at November's COP28 climate meeting to stem rapidly rising temperatures in cities, particularly in poorer countries. "In July, we had these crazy heat domes in almost all of the Northern Hemisphere." "It really felt like something was different, it felt like a turning point," Myrivili, the former chief heat officer for Athens, said. Myrivili and national chief heat officers around the world are focused on measures like bringing nature into cities and employing mitigation techniques such as the white reflecting asphalt introduced in Phoenix, Arizona. There are a lot of countries that have a lot of informal housing, a lot of informal labour and a lot of poverty, and that's where heat becomes the real killer."

Persons: Eleni Myrivili, Myrivili, Remo Casilli, I'm, Jane Wardell, Alison Williams Organizations: United Nations, Reuters IMPACT, Northern, Fontana, Fontana della Barcaccia, Spagna, REUTERS, Thomson Locations: London, Athens, Fontana della, Italy, Rome, generalities, Phoenix , Arizona

Italian Economy Minister Giancarlo Giorgetti gestures during a confidence vote over the 2023 budget at the lower house of the parliament, in Rome, Italy December 23, 2022. "The government plans to maintain the forecasts of 1% in 2023, but inevitable external variables are radically changing the picture," Giorgetti said, speaking at The European House-Ambrosetti economic forum. The total cost of the so-called Superbonus originally introduced in 2020 is approaching 100 billion euros ($107.73 billion), the source added. With interest rate hikes by the European Central Bank to curb inflation dampening economic activity, Rome's growth target of 1.5% next year is increasingly at risk, economists say. As Italy is preparing a difficult 2024 budget, Giorgetti reiterated the commitment to keeping the deficit on a downward trend, leaving little leeway for stimulus.

Persons: Giancarlo Giorgetti, Remo Casilli, Giorgetti, Giuseppe Fonte, Giancarlo Navach, Giselda Vagnoni, Susan Fenton Organizations: REUTERS, European Central Bank, European Union, Thomson Locations: Rome, Italy, CERNOBBIO, Cernobbio, Ukraine

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