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☆ Berlusconi family halts monthly payments to Bunga Bunga party guests
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Forza Italia leader and former Prime Minister Silvio Berlusconi arrives for a meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy October 21, 2022. REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing RightsMILAN, Nov 3 (Reuters) - Silvio Berlusconi's family has halted the 2,500 euro ($2,670) monthly payments that the late former prime minister had guaranteed to each of 20 female guests at his so-called Bunga Bunga parties, two legal sources said on Friday. Berlusconi died in June at the age of 86. Berlusconi's family declined to comment. Reporting by Emilio Parodi, additional reporting by Elvira Pollina, editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Silvio Berlusconi, Sergio Mattarella, Guglielmo Mangiapane, Silvio Berlusconi's, Berlusconi, Berlusconi's, Emilio Parodi, Elvira Pollina, Nick Macfie Organizations: Forza Italia, REUTERS, Thomson Locations: Rome, Italy

☆ Factbox: Who got what in Silvio Berlusconi's will?
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pier Silvio Berlusconi attends the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. REUTERS/Yara Nardi/File PhotoMILAN, July 6 (Reuters) - Details of how billionaire Italian tycoon Silvio Berlusconi divided up his assets have been made public on Thursday after the will of the former prime minister, who died on June 12, was unsealed. That means the five children each get an additional Fininvest stake of just over 8%, on top of what they already owned. * He left the remaining one third of his stake, roughly 20% of Fininvest, to his eldest children, Marina and Pier Silvio, in equal amounts. * Marina and Pier Silvio already owned 7.65% of Fininvest each, or a combined 15.3%.

Persons: Silvio Berlusconi, Yara, MILAN, Forbes, Berlusconi, Pier Silvio, Marta Fascina, Paolo, Marcello Dell'Utri, Dell'Utri, Valentina Za, Keith Weir Organizations: Italian, Cathedral, REUTERS, broacaster, Banca Mediolanum, Serie A, Monza, Marina, Thomson Locations: Milan, Italy

☆ Berlusconi leaves control of family business to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly worth around 53% in the Fininvest family holding company, the source said, confirming an earlier report from ANSA news agency. Marina chairs Fininvest while Pier Silvio has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which has long been the jewel in the family's crown. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business. Berlusconi, who founded a business empire based on real estate and then television, died in Milan.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Silvio, Barbara, Eleonora, Berlusconi, Paolo, Marcello Dell'Utri, Fascina, Milan's, Villa San, Villa, Costa, Vladimir Putin, Tony Blair, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Fininvest SpA, Reuters, Forza Italia, Italian Serie A, Monza, Villa, British, Thomson Locations: Milan, Italy, Marina, Fininvest, Raffaele, Italian, Villa San Martino, Arcore, Russian

☆ Berlusconi leaves control of business empire to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina, 56, chairs Fininvest while Pier Silvio, 54, has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which their father founded. Forbes estimated that the overall Berlusconi family assets, which include luxury properties in Milan, Rome and Sardinia, were worth around $6.8 billion. Brash, ebullient and a four-time prime minister, Berlusconi was a media mogul and political showman whose financial and sexual scandals made him the most polarising figure in modern Italy. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Fininvest, Brash, ebullient, Berlusconi, Silvio, Barbara, Eleonora, Paolo, Marcello Dell'Utri, Fascina, Milan's, Giorgia Meloni's, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Marina, Italian Serie A, AC Monza, Banca Mediolanum, Forbes, Fininvest SpA, Reuters, MARTA Berlusconi, Forza Italia, Thomson Locations: Milan, Italy, Italian, Rome, Sardinia, Raffaele

MILAN, June 14 (Reuters) - Merger and acquisition speculation has lifted shares in MFE (MFEB.MI), the late Silvio Berlusconi's TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi (VIV.PA) is widely seen as the natural buyer for MFE. This week's rally has lifted the market value of the whole of MFE to 1.8 billion euros. Any accord between Vivendi and Fininvest would require overcoming the deep distrust between the two groups after years of courtroom battles sparked by a failed 2016 TV deal. Like Fininvest, Vivendi faces a loss on any potential sale of its MFE stake given the gap between book and market prices.

Persons: Silvio Berlusconi's, Vincent Bollore, Urbano, Pier Silvio Berlusconi, Fininvest, MFE, Emilio Parodi, Valentina Za, Barbara Lewis Organizations: MILAN, Vivendi, Reuters, della Sera, U.S, Warner Bros ., VIVENDI, FININVEST, Fininvest, MFE, Thomson Locations: MFE, Urbano Cairo, Germany's ProSiebenSat, Italy, Spain, Rome, Netherlands

☆ Preparations underway for Berlusconi's funeral
▼ + stars: | 2023-06-14 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsPreparations underway for Berlusconi's funeralPostedSecurity forces have been deployed in Milan’s Piazza Duomo on Wednesday morning (June 14) ahead of former prime minister Silvio Berlusconi's funeral.

Persons: Silvio Berlusconi's Organizations: Milan’s Piazza Duomo Locations: Milan’s Piazza

☆ How Berlusconi got his billions
▼ + stars: | 2023-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire. It was through Fininvest that Berlusconi acquired big stakes in some of Europe’s major media firms, as well as AC Milan. Berlusconi owned a 61.3% stake in the holding company at the end of 2021, Reuters has reported. AC Milan players won the Italian championship in 1988 when Silvio Berlusconi was the club's president. Marina Berlusconi, left, Pier Silvio Berlusconi, center, and Mrs. Rosa, Silvio Berlusconi's mother, photograhed in 1998 Luca Bruno/AP/FILEPier Silvio, 53, is the chief executive of MediaForEurope.

Persons: London CNN — Silvio Berlusconi, Berlusconi, Silvio Berlusconi, Ferdinando Meazza, MediaForEurope —, Fininvest, ”, Marina, Marina Berlusconi, Pier Silvio Berlusconi, Rosa, Silvio Berlusconi's, photograhed, Luca Bruno, Silvio, — Niamh Kennedy, Sammy Mncwabe Organizations: London CNN, AC Milan, Bloomberg, Media, Milan, Reuters, Mondadori, Italy’s, Prosecutors, Mediaset Locations: Italy, Fininvest, MediaForEurope, Spain, Germany’s ProSiebenSat, Milan

The most surprising appointment was that of the new Enel chief Flavio Cattaneo, a seasoned corporate manager who leaves his role as vice president of high-speed train operator Italo to lead the country's biggest utility. He leap-frogged Stefano Donnarumma, the current chief executive of power grid Terna (TRN.MI), widely seen as Meloni's first choice. Enel shares were down 4% on Thursday, with investors fretting over Cattaneo's lack of expertise in the renewable energy sector. Leading politicians in Meloni's right-wing coalition said this issue was a major stumbling block for Donnarumma, along with pressure from League chief Salvini, a strong supporter of Cattaneo. Besides concessions on Enel, Meloni kept a tight grip on the rest of the main appointments.

☆ Italy's Berlusconi health conditions steadily improving, his doctors say
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] Former Italian Prime Minister and leader of the Forza Italia (Go Italy!) party Silvio Berlusconi attends a rally in Rome, Italy, April 9, 2022. REUTERS/Remo CasilliMILAN, April 10 (Reuters) - Former Italian Prime Minister Silvio Berlusconi's health condition is steadily improving as he is treated in hospital for a lung infection caused by chronic leukaemia, his doctors said on Monday. Doctors later revealed that Berlusconi had been suffering from Chronic Myelomonocytic Leukaemia (CML) "for some time" and that he had recently developed a pulmonary infection. "Cytoreductive, antimicrobial and anti-inflammatory therapies are producing the expected results, allowing us to express a cautious optimism," Zangrillo and Ciceri said.

"This result consolidates the centre-right and strengthens the work of the government," Meloni wrote on Twitter. However, fears inside the coalition that support might crumble for Meloni's two main partners proved unfounded. The result offered no comfort to the centre-left camp, comprising the Democratic Party (PD), the 5-Star Movement and so-called Third Pole, which is riven by mutual loathing. Italy's electoral laws at both a national and regional level favour parties that combine forces meaning Meloni's opponents face years in the wilderness unless they learn to work together. Reporting by Crispian Balmer and Angelo Amante; Editing by Gavin Jones and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Italy lawmakers call off vote on extending Ukraine arms supplies
▼ + stars: | 2022-11-29 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

In the wake of Russia's invasion of Ukraine, former Prime Minister Mario Draghi's administration introduced measures that made it possible to send weapons to Kyiv without seeking parliamentary authorisation for each shipment. Support for Ukraine has been a contentious topic within the ruling coalition, which includes Meloni's Brothers of Italy, Matteo Salvini's League and Silvio Berlusconi's Forza Italia parties. Earlier this month, a governing coalition official told Reuters that Italy was readying a sixth arms package for Ukraine, including air defence systems Kyiv had requested. The PD is also a supporter of Ukraine, while other leftist opposition forces want the government to shift focus from sending arms to stepping up diplomatic negotiations. Reporting by Angelo Amante, editing by Alvise Armellini, Alexandra Hudson and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Meloni picks Nazi-armband lawmaker as junior minister
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

ROME, Oct 31 (Reuters) - Galeazzo Bignami, a lawmaker of the rightist Brothers of Italy party who sparked outrage in 2016 after a newspaper published a picture of him wearing a Nazi swastika on his left arm, was named junior infrastructure minister on Monday. Prime Minister Giorgia Meloni, who personally announced Bignami's appointment at a news conference, is the leader of Brothers of Italy, a group which traces its roots to the post-fascist Italian Social Movement (MSI). He has long been part of the Italian hard-right but has spent part of his political career in former prime minister Silvio Berlusconi's more moderate Forza Italia. Bignami will serve under the right-wing League party leader Matteo Salvini, who is the infrastructure minister and deputy prime minister. Reporting by Angelo Amante; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Giorgia Meloni to head new right-wing government
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +2 min

Giorgia Meloni has agreed to form Italy's next government, a presidential official said on Friday, clearing the way for her to become the country's first female prime minister. Meloni, head of the nationalist Brothers of Italy, led an alliance of conservative parties to victory at a Sept. 25 election and will take charge of the country's most right-wing government since World War II. "Giorgia Meloni has accepted the mandate and has presented her list of ministers," the presidential official Ugo Zampetti told reporters after Meloni had consulted with President Sergio Mattarella in his Quirinale palace. Meloni heads a coalition including Silvio Berlusconi's Forza Italia and Matteo Salvini's League. Italy's 68th government since 1946 faces daunting challenges, including a looming recession, rising energy bills and how to present a united front over the Ukraine war.

☆ Analysis: Method or madness? Berlusconi's Russia stance hurts Meloni and Italy
▼ + stars: | 2022-10-20 | by ( Angelo Amante | ) www.reuters.com time to read: +4 min

Meloni, leader of the nationalist Brothers of Italy party, has strongly defended Ukraine since Russia launched its invasion in February and has supported Western sanctions against Moscow. Berlusconi's pro-Putin remarks came in front of dozens of Forza Italia lawmakers and Napoli believed the risk of information being leaked to the press was obviously high. Some analysts believe there is no clear strategy behind Berlusconi's comments and that they could backfire and even jeopardise Tajani's chances of becoming foreign minister. Giovanni Orsina, a politics professor at Rome's Luiss university said Berlusconi has demolished his own argument that Forza Italia can be a moderating influence on the government. "It is hard to imagine that this is rational because Berlusconi and his party are the first to be damaged ...

☆ Holocaust survivor to oversee start of rightist Italian parliament
▼ + stars: | 2022-10-13 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

Senator Liliana Segre attends a debate ahead of a confidence vote at the upper house of parliament after former Prime Minister Matteo Renzi pulled his party out of government, in Rome, Italy, January 19, 2021. REUTERS/Yara Nardi/Pool/File PhotoROME, Oct 13 (Reuters) - Italy's new parliament opens on Thursday, with a Holocaust survivor due to preside over the first session of the upper house Senate as the most right-wing coalition since World War Two takes control of both chambers. Liliana Segre was the only member of her family to emerge alive from the Nazi Auschwitz concentration camp at the end of the war. Honoured as a senator for life, the 92 year-old is the oldest active member of the house, meaning she will start proceedings. Register now for FREE unlimited access to Reuters.com RegisterAdditional reporting by Angelo Amante; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Newly elected Senate Speaker Ignazio La Russa gives his first speech in the upper house of parliament in Rome, Italy, October 13, 2022. REUTERS/Yara NardiROME, Oct 13 (Reuters) - Italy's new rightist coalition got off to an inauspicious start on Thursday when it split over the election of the Senate speaker, who clinched the post despite a revolt by Silvio Berlusconi's Forza Italia party. The right-wing bloc, which includes Brothers of Italy, Forza Italia and Matteo Salvini's League, have promised to bring political stability to the country after years of short-lived governments. "I will try with all my efforts to be the speaker for everybody," La Russa told the senators, as opposition chiefs denied they were responsible for his election. Former businessman Carlo Calenda, leader of the centrist Action party, denied his senators provided La Russa with the votes he needed.

Giorgia Meloni, a nationalist accused by political rivals and experts of spreading white supremacist ideas, was on Monday set to become Italy's first far-right leader since World War II. The results confirm her party’s rise from a radical fringe group to the driving force in right-wing Italian politics. Meloni, who would be Italy's first female leader, and the Brothers of Italy advocate naval blockades to stop unauthorized migration from Africa. Giorgia Meloni, leader of the Brothers of Italy, in Rome on Monday. Brothers of Italy leader Giorgia Meloni casts her vote at a polling station in Rome on Sunday.

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Among other reasons, the site is well connected with Germany and in particular with the city of Magdeburg, where Intel will build two factories, one of the sources added. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

Leader of Brothers of Italy Giorgia Meloni speaks at the party's election night headquarters, in Rome, Italy September 26, 2022. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told cheering supporters of her nationalist Brothers of Italy party early Monday morning. The other major conservative party, Silvio Berlusconi's Forza Italia party, also scored around 8%, leaving Brothers of Italy the dominant partner. Despite its clearcut victory, the vote was not a ringing endorsement for the conservative alliance. The right took full advantage of Italy's electoral law, which benefits parties that forge pre-ballot pacts.

☆ Factbox: Potential flashpoints in Italy's new rightist coalition
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +5 min

Here are some of the main potential sources of tension between Giorgia Meloni's Brothers of Italy (FdI), Matteo Salvini's League and Silvio Berlusconi's Forza Italia. The League leader has urged caution over sanctions while Berlusconi sparked outrage on Friday when he said Putin had invaded Ukraine to install a government of "decent people." Forza Italia, by contrast, has called for it to be increased, with a close Berlusconi aide saying it should be "doubled" for the poorest recipients. PERSONAL RIVALRIESRelations between Meloni and Salvini have often been strained as the fortunes of their parties have swung. If Salvini survives as party leader, he will have to find a way to counter Meloni's growing popularity, which is likely to cause friction.

☆ The far-right win big in Italy. Here's what that means for Europe
▼ + stars: | 2022-09-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Giorgia Meloni seen speaking during the campaign. Fratelli d'Italia's runaway success means that Giorgia Meloni is likely to become Italy's next prime minister and the country's first female leader. Speaking as the results emerged, Giorgia Meloni said the party would "govern for everyone" and would not "betray" the country's trust. "We are dealing with a right-wing coalition and we need to understand what type of right-wing coalition," Francesco Galietti, chief executive and co-founder of political risk consultancy Policy Sonar, told CNBC Monday. Fratelli d'Italia has argued for a slimmed down, less bureaucratic EU and has championed the primacy of Italian law in domestic issues.

Leader of the centre-left Democratic Party (PD) Enrico Letta reacts as he speaks to media a day after Italy's election where the rightwing alliance led by Giorgia Meloni triumphed, in Rome, Italy, September 26, 2022. REUTERS/Stoyan NenovROME, Sept 26 (Reuters) - The leaders of Italy's opposition parties on Monday blamed their defeat on a lack of unity and on voters choosing a path of populism, after Giorgia Meloni's rightist bloc overwhelmingly won the national election. Register now for FREE unlimited access to Reuters.com RegisterEnrico Letta, the head of the opposition Democratic Party (PD), announced he would stand down. M5S leader Giuseppe Conte said overnight it was the PD's fault if it proved impossible for the centre left to win. "They have undermined a political offer that could have been competitive against this centre right," Conte said.

ROME, Sept 25 (Reuters) - Polls opened in Italy on Sunday in an election that is forecast to return the country's most right-wing government since World War Two and also herald its first woman prime minister. Register now for FREE unlimited access to Reuters.com RegisterA right-wing alliance led by Giorgia Meloni's Brothers of Italy party appeared on course for a clear victory when the last opinion polls were published two weeks ago. read moreBut with a polls blackout in force in the two weeks before the election, there is still scope for a surprise. Meloni would be the obvious candidate for prime minister as leader of an alliance also featuring Matteo Salvini's League party and Silvio Berlusconi's Forza Italia. Italy's first autumn national election in over a century was triggered by party infighting that brought down Prime Minister Mario Draghi's broad national unity government in July.

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker last March to invest as much as 80 billion euros ($77.5 billion) over the next decade in building capacity across Europe. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

☆ Giorgia Meloni and her far-right Brothers of Italy party top vote in Italian elections, exit poll shows
▼ + stars: | 2022-09-25 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Giorgia Meloni's Fratelli d'Italia (Brothers of Italy) party are set to gain 22.5% to 26.5% of the vote, according to an exit poll late Sunday night. But the vote could mark a big political shift for a pivotal European country dealing with ongoing economic and political instability. Meloni's Brothers of Italy party was created in 2012, but has its roots in Italy's 20th century neo-fascist movement that emerged after the death of fascist leader Benito Mussolini in 1945. After winning 4% of the vote in 2018′s election, Brothers of Italy and 45-year-old Meloni used their position in opposition to springboard into the mainstream. The snap election on Sunday in the EU's third-largest economy comes six months before they were due to be held.

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