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☆ Italy's Meloni champions 'family values.' But critics say she's doing little to protect women from violence
▼ + stars: | 2023-09-10 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

“Perhaps we should start passing this message across and be a little more protective, in terms of vocabulary and language,” he added. We don’t know what to do with a woman in government who penalizes women,” the Democratic Women caucus said in a statement to CNN. Instead, Meloni has focused on her own family, which is increasingly prominent in party politics. Giorgia Meloni and Francesco Lollobrigida talk during the election of the new President of the Chamber of Deputies, on October 14, 2022 in Rome, Italy. Meloni’s party won the September 22 elections last year with nearly 26% of the vote.

Persons: Rome, Giorgia Meloni, ” Meloni, Andrea Giambruno, ”, you’d, Giorgia, Ivan Romano, Giambruno, don’t, ’ ”, Ginevra, Joe Biden, Meloni, Pope Francis, “, “ Donna Moderna ”, assertively, ” Giorgia Meloni, Gian Mattia D'Alberto, Rosa, –, Elly Shlein, Donna, Francesco Lollobridgida, Arianna, Meloni’s, Massimo Milani, Francesco Lollobrigida, Alessandra Benedetti, Corbis, Giovanni Montuori, Giovanni, Silvio Berlusconi Organizations: Rome CNN, Italy’s, Democratic, Democratic Women, CNN, Brothers Locations: Caivano, “ Italy, Italian, Sicilian, Palermo, United States, Italy, Rome, Rome’s Garbatella

☆ Five railway workers killed in north Italian train accident
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

TURIN, Italy, Aug 31 (Reuters) - Five Italian railway workers were killed when they hit by a train near Turin, the state railway Rete Ferroviaria Italiana (Rfi) said on Thursday. The train was travelling at about 160 kph (100 mph), news agency ANSA quoted police as saying. [1/5]Officials walk on rail tracks on the site of a train accident in which workers were killed, in Brandizzo, Italy, August 31, 2023. Two workers managed to avoid the goods train and were unhurt, ANSA reported. The train driver was treated for shock on the scene and then allowed to go home.

Persons: ANSA, Massimo Pinca, Gavin Jones, Robert Birsel Organizations: Ferroviaria, REUTERS, Thomson Locations: TURIN, Italy, Turin, Brandizzo, Milan

☆ Haaland wins UEFA award, Wiegman dedicates prize to Spain
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +3 min

Wiegman dedicated her award to the Spain women's team after the kiss incident involving federation president Luis Rubiales took the spotlight when Spain secured their first Women's World Cup title. "I would like to dedicate this award to the Spanish team - the tam that played in a World Cup such great football that everyone enjoys. World Cup winner Aitana Bonmati, who helped Barcelona to Women's Champions League and Spanish league title, won the women's player of the year award. The 25-year-old registered a competition-high 13 goal contributions in the Champions League with five goals and eight assists. "We have just won the World Cup, but they are talking about other things."

Persons: Manchester City's Erling Braut Haaland, Massimo Pinca, Erling Haaland, Pep Guardiola, Aitana Bonmati, Sarina Wiegman, Kevin De Bruyne, Lionel Messi, Guardiola, Luciano Spalletti, Napoli, Simone Inzaghi, Wiegman, Luis Rubiales, there's, Sarina, Bonmati, Anita Kobylinska, Ed Osmond Organizations: Soccer Football, Monaco, FC Barcelona's Aitana, Rights, Manchester City, UEFA, City, Champions League, English Premier League, FA, Association, Serie, Inter, SPAIN England, Brazil, Wembley, Spain women's, Spanish, Women's Champions League, Thomson Locations: Manchester, Spanish, Norwegian, Monaco, Inter Milan, SPAIN, Spain, Barcelona, Gdansk

A tally by state broadcaster ZBC showed ZANU-PF winning 101 parliamentary constituencies and the main opposition party Citizens Coalition for Change (CCC) winning 59, out of a total of 210. The result of the presidential vote has not been announced yet. The ERC later posted on X, formerly known as Twitter, that 16 of its staff together with Zimbabwe Election Support Network members had been released on $200 bail each by a magistrate. Mnangagwa last week told state media that if he got a second term, it would be his last. As in previous elections, the parliamentary results appeared to show ZANU-PF retaining its rural base, while the CCC captured the urban vote.

Persons: Emmerson Mnangagwa's, Nelson Chamisa, Fabio Massimo Castaldo, Castaldo, Nevers Mumba, Patrick Chinamasa, Mnangagwa, Eldred Masunungure, Robert Mugabe, Nelson Banya, Bhargav Acharya, Nellie Peyton, Alexander Winning, Devika Syamnath, Andrew Heavens Organizations: Emmerson Mnangagwa's ZANU, ZBC, ZANU, Coalition, World Bank, International Monetary Fund, REUTERS, Philimon, Rights Police, Zimbabwe Election, Election, Centre, ERC, Zimbabwe Election Support, Southern African Development Community, National Assembly, University of Zimbabwe, PF, CCC, Thomson Locations: EU, HARARE, Harare, Zimbabwe, Philimon Bulawayo, SADC

☆ Spain's Martin wins men's 35km race walk at world championships
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/4] Athletics - World Athletics Championship - Men's 35 km Race Walk - Budapest, Hungary - August 24, 2023 Spain's Alvaro Martin celebrates after winning the gold medal in men's 35 km race walk REUTERS/Marton Monus Acquire Licensing RightsBUDAPEST, Aug 24 (Reuters) - Alvaro Martin of Spain secured his second gold medal at the World Athletics Championships after winning the men's 35 kilometres race walk on Thursday, adding to his victory in last week's 20km event. After early leader Aurelien Quinion of France had dropped off the pace and was then disqualified, Martin shared the lead with Ecuador's Brian Pintado and Japan's Masatora Kawano entering the final 4km. Martin made the break with less than 2km remaining and crossed the line in two hours, 24 minutes and 30 seconds, four seconds before Pintado. Kawano posted a season's best of 2:25:12 to finish third, while defending champion Massimo Stano of Italy was seventh with 2:25:59. Reporting by Hritika Sharma in Hyderabad; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Alvaro Martin, Marton Monus, Alvaro Martin of Spain, Aurelien Quinion, Martin, Ecuador's Brian Pintado, Kawano, Massimo Stano, Hritika Sharma, Devika Organizations: Rights, Thomson Locations: Budapest, Hungary, France, Italy, Hyderabad

☆ Martin, Perez seal double glory for Spain in 35km race walks
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

"I had this problem with my hamstring after the 20km race and I was still considering whether to start at the 35km but I managed to get through," said Perez, who smashed Garcia Leon's 35 km world record by nearly half a minute in May. "I was fourth in the Olympic Games and it was very tough to get so close to an Olympic medal. It's wonderful now to be a double world champion in Budapest. "I see Maria is first too in the women's race, so today is a great day for Spain." Reporting by Hritika Sharma in Hyderabad; Editing by Devika Syamnath, Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Spain's Maria Perez, Alvaro Martin, Marton Monus, Maria Perez, Martin, Brian Pintado, Perez, Kimberly Garcia Leon, Perez's, Peru's Garcia Leon, Antigoni Drisbioti, Garcia, Aurelien Quinion, Kawano, Massimo Stano, Maria, Hritika Sharma, Devika Syamnath, Peter Rutherford Organizations: Alvaro Martin REUTERS, Rights, Spanish, Olympic Games, Thomson Locations: Budapest, Hungary, Greece, France, Italy, Spain, Hyderabad

☆ Cocaine cartels encroach on Unification Church’s Paraguayan paradise
▼ + stars: | 2023-08-10 | by ( Puerto Casado | ) www.reuters.com time to read: +20 min

Many of the runways are on land owned by the Unification Church of South Korea, founded by Rev. The Unification Church is a major power in this unruly region. Byun, the Unification Church lawyer, provided Reuters with an April 2022 document the church sent to Paraguayan anti-narcotics prosecutors, urging an investigation into potential illicit activity. Trouble in paradiseThe alleged drug-running on its land isn’t the only trouble the Unification Church has faced in the Chaco. Byun, the church lawyer, acknowledged the tensions with locals in Puerto Casado but declined to comment on the Myungs or the fire.

Persons: Sun Myung, Michelle Byun, ” Byun, “, Moon, God, ”, Miguel Ángel Servín, Servín, Rodrigo Alvarez, Elva Cáceres, Marco Alcaraz, Cynthia Tarrago, Tarrago, Raimundo Va, Rodrigo Alvarenga Paredes, Byun, Alvarenga, “ Alvarenga, Rodrigo Álvarez, Álvarez, Pedro Juan Caballero, ‘ Lawless, –, Marcelo Pecci, José Carlos Acevedo, ” Acevedo, Pecci, Acevedo, Mario Abdo Benítez, James Laverty, Hak Ja, ” –, Carlos Casado, Anger, Locals, Lorenzo Myung, Martin Rodriguez, Rodriguez, Dora Irrazábal, Irrazábal, Alberto David Gauto, Gauto, Emilio Camacho, Moon’s, Hyun Jin, Preston, Hak, Hyung Jin, Sean, Massimo Introvigne, Sean Moon, Preston Moon, Puerto Casado, Virgilio Chamorro, Gabriel Stargardter, Daniela Desantis, Feilding, Tomas Bravo, John Emerson, Brian Thevenot Organizations: Unification Church of, Rev, Authorities, Reuters, Unification Church, Holy Spirit Association, South Korea’s Unification, Belgian, Sting, South, International Association of Parliamentarians, Peace, U.S . Federal Bureau of Investigation, Colorado Party, Yorker, U.S, Attorney, FBI, Capital Command, PCC, United Nations Office, Drugs, U.S . Drug, Carlos Casado SA, Salesian, Supreme, FARC, Peace Foundation, Center for Studies, New, Iron Ministries, Preston, Tomas Bravo Graphics Locations: Paraguayan, Unification Church of South Korea, SENAD Paraguay, Chaco, Paraguay, Korea, Bolivian, Peruvian, Atlantic, Brazil, Uruguay, Argentina, Europe, Argentine, Manhattan, “, Antwerp, Europe’s, Servín, Asunción, Seoul, New York City, United States, New Jersey, Tarrago, Va, U.S, Byun, Alvarenga, Chile, Ecuador, Colombian, Bolivia, American, South America, America, Puerto Casado, Gauto, Preston, Turin, Italy, Pennsylvania, Puerto

☆ Natural gas prices are spiking again. Here’s why
▼ + stars: | 2023-08-10 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Natural gas prices have spiked again this week, just as Europe prepares for the heating season. The price of Dutch natural gas, the European benchmark, has jumped 24% to €40 ($44) per megawatt hour since Tuesday on news of potential industrial action at liquefied natural gas (LNG) plants in Australia. US natural gas prices have climbed 18% so far this month. “As much of the spare LNG supply comes from the US, natural gas prices there have also jumped higher,” he added. The sudden rise in gas prices follows a recent run-up in oil prices, driven by production cuts by major exporters such as Saudi Arabia and Russia.

Persons: Brad Gandy, Tom Marzec, ”, Russia —, Bill Weatherburn, Brent, Weatherburn, Massimo Di Odoardo, Wood Mackenzie, “, Woodside, — Hilary Whiteman Organizations: London CNN, Offshore Alliance, Chevron, North West, Woodside Energy Group, Facebook, CNN, —, Capital Economics, European Union, Asia —, Reuters Locations: Australia, Europe, Russia, Ukraine, Norway, LNG, United States, Qatar, Moscow, Saudi Arabia, Marzec, “, Asia, Asia — Japan, —, Brisbane

☆ Porsche's iconic 911 to be sole survivor of automaker's combustion models
▼ + stars: | 2023-07-26 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

[1/3] FILE PHOTO-A Porsche 911 Carrera S is on display during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023. The automaker will electrify its compact SUV Macan, followed by the 718 sports car and then the best-selling Cayenne, Porsche e-fuels team leader Karl Dums said. Porsche's EV plans and e-fuels investment are separate, he said. Major automakers will likely avoid new e-fuel models after 2035, having already committed $1.2 trillion to electrification. A host of smaller carmakers also want to sell luxury, high-performance e-fuel models to customers rich enough to afford the expensive fuel, which today can cost up to 10 pounds ($12.90) per liter.

Persons: Lisi Niesner, Karl Dums, Dums, Morgan, Massimo Fumarola, Fumarola, Mike Flewitt, Nick Carey, Paul Lienert, Victoria Waldersee, Giulio Piovaccari, Matthew Lewis Organizations: Carrera, Porsche, REUTERS, EU, HIF Global, Automotive, Ferrari, Morgan Motor, Briggs Automotive Company, Victoria, Thomson Locations: Berlin, Germany, Malvern , England, U.S, Liverpool, EVs, London, Detroit, Milan

☆ Scientists isolate human gene able to fend off most bird flu viruses
▼ + stars: | 2023-06-28 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

LONDON, June 28 (Reuters) - UK researchers have homed in on a human gene implicated in thwarting most bird flu viruses from infecting people. Nicknamed B-force by the researchers, the gene was found to block the replication of most strains of bird flu in human cells. However, the gene's antiviral activity failed to protect against seasonal human flu viruses. This gene is part of a broader defensive apparatus in the human immune arsenal against bird viruses. To be sure, viruses mutate all the time, and this does not mean that bird flu viruses could not evolve to escape the activity of BTN3A3.

Persons: Massimo Palmarini, ”, Sam Wilson, Natalie Grover, Nancy Lapid, Christina Fincher Organizations: MRC, University of Glasgow Centre for Virus Research, World Health Organization, WHO, Thomson Locations: London

Some billionaires rocketed into space as Branson and Amazon founder Jeff Bezos have. Other rich travelers journeyed on a submersible to explore the wreckage of the ocean liner Titanic. For $250,000 to $300,000 a trip, Kent sometimes fields unusual requests including helping a Saudi prince fulfill his dream of flying a plane onto and off of an aircraft carrier. The experience was so demanding that Ackman's father expressed concern about the intended trip, not for his son but for another fund manager who had signed up to go. One person familiar with that excursion said it probably wouldn't happen again, in part because it was such a potentially risky undertaking.

Persons: Eric Gaillard, Richard Branson, Branson, Jeff Bezos, ”, Alexandre Cymbalista, Geoffrey Kent, Kent, Goldman Sachs, Monica Heslington, Goldman, Melissa Biggs Bradley, Massimo Bottura, Bill Ackman, Whitney Tilson, Tilson, Ackman, Svea Herbst, Bayliss, Tatiana Bautzer, Julia Harte, Nupur Anand, Paritosh Bansal, Anna Driver Organizations: REUTERS, Twitter, Virgin Galactic, Virgin Group, Amazon, Wall Street, Abercrombie, Kent, Credit Suisse, SPECIAL, Goldman, Art Basel, Rubell Museum, Bank of America, Indagare, Ferrari, Navy, Svea, Thomson Locations: Nice, France, New York City, Branson, safaris, Botswana, Kent, Saudi, Africa, Miami, Art Basel, Modena, Italian, Mongolia, California

☆ European gas prices jump 50% in June
▼ + stars: | 2023-06-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

Prices reversed course mainly because of longer-than-expected maintenance outages at key gas plants in Norway, analysts told CNN. “The recent price rally shows just how sensitive the European market is to disruption,” said Bill Weatherburn, a commodities economist at Capital Economics. European natural gas prices are still far below their levels last summer, when the continent found itself locked in an energy standoff with Russia following Moscow’s invasion of Ukraine. The field is one of the biggest in the world but now accounts for just a fraction of Europe’s gas supply. “The European gas market — and by extension the global gas market — [is] certainly not out of the woods in terms of adequately matching supply with demand,” Tom Marzec-Manser, head of gas analytics at ICIS, told CNN.

Persons: ”, Bill Weatherburn, Tom Marzec, ” Massimo Di Odoardo, Wood Mackenzie, ” Henning Gloystein, Di Odoardo Organizations: London CNN, Benchmark, Independent Commodity Intelligence Service, CNN, Capital Economics, European Union, Gas, Gas Infrastructure, Wood, Eurasia Group, Norway “ Locations: Norway, Russia, Ukraine, Moscow, Europe, Netherlands, Groningen, “, Gas Infrastructure Europe, Japan, South Korea, Asia, Russian

☆ China's VCs look to the Middle East for a U.S. dollar lifeline
▼ + stars: | 2023-06-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

China's ties with the Middle East have warmed since Saudi Arabia and Iran restored diplomatic relations earlier this year — through discussions brokered by Beijing. Those tensions and increased regulatory scrutiny in both countries prompted many U.S.-based investors to hold off on investments in Chinese venture capital funds. Middle East capital is looking to step in, especially as countries such as Saudi Arabia and Qatar look to diversify from dependence on fossil fuels. However, many potential investments in Chinese funds are still in discussion, the venture capital funds said. Preqin data showed the share of Middle East sovereign wealth funds' investment in alternative assets worldwide roughly doubled between 2021 and the first half of 2022.

Persons: Faisal bin Farhan al, Saud, Hu Chunhua, Fayez Nureldine, Morgan Stanley, Khalid Al, CNBC's Dan Murphy, Falih, PIF, Massimo, Aysar Tayeb, Prosperity7, Tayeb, Abu Organizations: Saudi, Political Consultative, China Business Conference, Afp, Getty, BEIJING — Venture, U.S ., CNBC, Public Investment Fund, Investment, Conference, Prosperity7 Ventures, Business, of, Local Locations: Riyadh, BEIJING, China, Saudi Arabia, Iran, Beijing, U.S, Qatar, Middle East, Asia, East, Saudi, Al, Aramco, Hyperview, Shanghai, UAE, of Dubai, Abu Dhabi

☆ Silvio Berlusconi, Italy's former showman leader, dies at 86
▼ + stars: | 2023-06-12 | by ( Valentina Di Donato Barbie Latza Nadeau Laura Smith-Spark Peter Wilkinson Antonia Mortensen Rob Picheta | Valentina Di Donato | Barbie Latza Nadeau | ) edition.cnn.com time to read: +18 min

Umberto Cicconi/Hulton Archive/Getty Images Berlusconi swims at a Tunisian beach in 1984. Umberto Cicconi/Hulton Archive/Getty Images Berlusconi leaves a 1985 news conference in Paris. Franco Origlia/Hulton Archive/Getty Images Berlusconi announced in November 1993 that he would be entering the world of politics. Franco Origlia/Hulton Archive/Getty Images Berlusconi waves while attending a European Council meeting in Corfu, Greece, in June 1994. Vittorio Zunino Celotto/Getty Images Berlusconi hands the Berlusconi Trophy to AC Milan's Massimo Ambrosini in August 2011.

Persons: Rome, Rome CNN — Silvio Berlusconi, Christ, ”, Berlusconi, Milan’s, Benito Mussolini, “ Il Cavaliere ”, Milan, Giorgia Meloni, Matteo Salvini, Silvio Berlusconi, Alessandra Benedetti, Eric Vandeville, Indro Montanelli, Umberto Cicconi, Italy's, Michel Clement, Francis Apesteguy, Veronica Lario, Franco Origlia, Langevin Jacques, Sygma, Cesare Previti, Pope John Paul II, Bill Clinton, Hillary Clinton, Veronica, William Stevens, Barbara, Eleonora, Oscar Scalfaro, Patrick Hertzog, Romano Prodi, Alberto Pizzoli, Giuseppe Cacace, Gregorio Borgia, Associated Press Berlusconi, Vittorio Zunino Celotto, Massimo Ambrosini, Claudio Villa, Dan Kitwood, preliminarily, Filippo Monteforte, Alessia Pierdomenico, Remo Casilli, Reuters Berlusconi, Giuseppe Lami, Angelo Carconi, Emanuele Cremaschi, Tiziana Fabi, Luigi Brugnaro, Renato Brunetta, Piero Cruciatti, Hungary’s Viktor Orban, Britain’s Boris Johnson, Donald Trump, “ Berlusconi, ” Severgnini, ” Meloni, Claudia Greco, Prodi –, –, Berlusconi’s, Ignazio La Russa, “, Gianfranco Fini –, FILIPPO MONTEFORTE, Vladimir Putin, Volodymr Zelensky, Nobel, salesmanship ’, Jesus Christ, Severgnini, il, salesmanship, Francesca Pascale, Del, Pavarotti, ” Berlusconi, Marina, Carla Dall’Oglio, Luigi Organizations: Rome CNN, Milan’s San Raffaele, Forza Italia, Freedom, Italian, Getty, Canale, AC Milan, Berlusconi, Romano, Associated Press, Associated, Bloomberg, Reuters, Venice, Anadolu Agency, RAI, Media, Milano, Milan –, world’s, Forza Italia Party, Forza, soccer team, Northern League Party, European, Union coalition, Sporting, della, PM, “, ”, Del Monaco Locations: Milan, Paris, AFP, Naples, Italy, Rome, Corfu, Greece, Tatanto, Cannes, France, Italy's, Venice, Italy's Senate, Monza, Lombardy, ”, L’Aquila, Milan’s, Italian, Europe, Ukraine

In-store and online sales rose 13% to 7.6 billion euros in the first quarter, in line with the 13.5% seen in the first six weeks of the financial year. The company said it plans to invest 1.6 billion euros to increase gross store space in 2023 by about 3%. Inditex closed its over 500 stores in Russia in March 2022 following Moscow's invasion of Ukraine in February and subsequent Western sanctions. Inditex has begun to charge for online returns in more countries with no impact on sales, the company said. Inditex is also invested in more self-scanning checkouts and is replacing hard anti-theft tags with chips sewn into garments to avoid checkout queues.

Persons: Inditex, Massimo Dutti, Anne Critchlow, Jelena Sokolova, Zara, Corina Pons, Helen Reid, Charlie Devereux, Matt Scuffham, Josephine Mason, Elaine Hardcastle Organizations: Spain Company, Societe Generale, Inditex, Group, Morningstar, Thomson Locations: Spain, MADRID, LONDON, Zara, United States, Mexico, Saudi Arabia, U.S, Europe, Russia, Ukraine, UAE, France, Germany

Net profit came in at 1.2 billion euros ($1.24 billion) for the quarter that ended in April, exceeding analysts' average expectations of 980 million euros in a Refinitiv poll. Inditex reported solid sales, in line with analyst expectations of 7.56 billion euros, even after selling its profitable Russian division in 2022 and absorbing higher labour costs. Part of Inditex's strategy, which also owns Pull&Bear and Massimo Dutti, is to maintain higher prices outside the Eurozone. STEADY MARGINSThe gross margin reached a record 60.5%, showing it has been able to pass on higher prices to shoppers. Analysts believe only the strongest global fashion retailers will gain market share in an environment where consumers are becoming more discerning.

Persons: Inditex, Massimo Dutti, Corina Pons, Helen Reid, Charlie Devereux, Matt Scuffham, Josephine Mason Organizations: Thomson Locations: MADRID, LONDON, Zara, Spain, United States, Mexico, Saudi Arabia, U.S, Europe

☆ Electric truck maker Nikola may do reverse stock split to comply with Nasdaq rules
▼ + stars: | 2023-06-01 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO (Reuters) -Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq’s minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. Nasdaq requires shares trade above $1 and sends a notice if one trades below that mark for 30 consecutive business days. If Nikola cannot comply in those periods, the company can execute the reverse stock split, subject to a shareholder vote, to move its shares above the $1 mark, Lohscheller said. A reverse stock split consolidates the number of existing shares into fewer shares. Cash burn in the first quarter was $240 million, compared with $200 million per quarter in 2022, Nikola said last month.

Persons: Nikola, Michael Lohscheller, Massimo Pinca Nikola, Lohscheller, ”, Cash, ” Nikola Organizations: FRANCISCO, Reuters, U.S, Nikola, REUTERS, Nasdaq, Companies, ” Investors Locations: Turin, Italy

☆ Floods ruin crops and drown livestock in one of Italy’s gastronomic heartlands
▼ + stars: | 2023-05-21 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

“The water then slides away, destroying everything.”What also slid away were orchards, vineyards and crops ready to harvest. A tractor goes off road after flooding outside Ravenna in the Emilia Romagna region of Italy on May 20. Emilia Romagna is one of the richest regions in Italy. Firefighters come to rescue people and recover their belongings after flooding hit the Fornace Zarattini district of Ravenna in the Emilia Romagna region of Italy on May 20. Extreme weather such as what has happened this month in Emilia Romagna is perplexing even to experts.

☆ Russian Attack on Ukraine Kills at Least 12 People: Live Updates
▼ + stars: | 2023-04-28 | by ( Marc Santora | Victoria Kim | ) www.nytimes.com time to read: +5 min

Evidence is piling up about the steady disintegration of Russia’s vital natural gas export industry since the country’s invasion of Ukraine. With this success behind them, European leaders are contemplating widening their attack to include imports of liquefied natural gas from Russia. Russian L.N.G. energy commissioner, has urged members of the bloc and European energy companies to stop buying Russian L.N.G. On the other hand, having largely gone cold turkey on Russian pipeline gas, European leaders may calculate that “going without Russian L.N.G.

German specialised property lenders such as Aareal Bank (ARLG.DE), Deutsche Pfandbriefbank (PBBG.DE) and Berlin Hyp, have a bigger concentration of real estate exposure, analysts added. Blackstone (BX.N) recently blocked withdrawals from its $70 billion real estate income trust after facing a flurry of redemption requests. Open-ended real estate funds in Britain have also battled to meet strong demand for redemptions. In Europe, CRE exposure for smaller banks, more at risk of deposit flight, is estimated at under 30% of all loans, Capital Economics said. "On the other, real estate owners themselves are going to face quite material increase in costs."

☆ Juventus says first half loss shrinks as pandemic impact fades
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

The result compares with a restated loss of 112.1 million euros for the same period of the previous fiscal year. Juventus said in a statement that revenue development and actions taken to contain costs had also contributed to narrowing the loss in the six months to Dec. 31. It added that although the economic and financial background remained unfavourable, there was a "significant improvement" in the current fiscal year compared to the previous one. The club, which posted a 239 million euro loss for the year to June 30, 2022, had already said in September that it expects to also finish the current fiscal year in the red. Juventus are now in seventh place, just four points outside the European qualifying places.

☆ China will make up nearly 40% of the rise in global oil demand in 2023, Wood Mackenzie says
▼ + stars: | 2023-03-23 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Vcg | Visual China Group | Getty ImagesChina will make up a sizeable portion of the world's demand recovery for oil as the global economy braces itself for a slowdown in the wake of interest rate hikes, Wood Mackenzie said. That means 38.5% of global oil demand recovery would come from China. Our China high-growth scenario centers on the economy growing by 7% in 2023 and 5.5% in 2024. The firm is, however, optimistic about global growth this year — despite the World Bank and the International Monetary Fund warning of a bumpy road ahead. "Our China high-growth scenario centers on the economy growing by 7% in 2023 and 5.5% in 2024," the firm said in the report.

☆ Investors punish Zara owner Inditex over spending plans
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +4 min

As the cost of making garments increased, H&M took a profit hit while Inditex was able to pass on costs to shoppers. But higher expected capital expenditure for 2023, of 1.6 billion euros, surprised investors, sending Inditex shares down more than 5% by 1140 GMT. An Inditex logo is seen at the entrance of a Zara factory, the headquarters of Inditex group, in Arteixo, northern Spain, March 9, 2016. Inditex closed stores in mainland China at double its average rate, shutting a fifth of its shops there in 2022. Meanwhile Inditex plans to continue expanding in the United States, with at least 30 new projects planned from 2023 to 2025.

☆ Zara owner Inditex invests in tech to speed future sales
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +3 min

Inditex has extended its lead over Swedish rival H&M (HMb.ST), in part because of a less price-sensitive customer base. As the cost of making garments increased, H&M took a profit hit while Inditex was able to pass on costs to shoppers. In-store and online sales rose 18% to 32.6 billion euros ($34.99 billion) from 2021 and were 15% higher than in 2019, before the pandemic hit. Excluding Russia, where Inditex stores have been closed since the Ukraine conflict started just over a year ago, sales in that period were up 17.5% in constant currency terms. Inditex also delivered a surprise, but by hiking capital expenditure to 1.6 billion euros from 1.1 billion euros previously.

☆ Zara owner Inditex sees 2023 sales keep pace, but capex plans disappoint
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +2 min

In-store and online sales for the world's biggest fashion retailer rose 18% to 32.6 billion euros ($34.99 billion) from 2021 and were 15% higher than in 2019, before the pandemic hit. The pace of sales continued in the first six weeks of Inditex's current fiscal year to Jan. 31, 2024. Between Feb. 1 and March 13, Inditex said sales jumped by 13.5% from the same period a year earlier. Excluding Russia, where Inditex stores have been closed since the Ukraine conflict started just over a year ago, sales in that period increased by 17.5% in constant currency terms. But Inditex surprised investors with a hike in capital expenditure to 1.6 billion euros from 1.1 billion euros in the previous year, a higher level than expected by the market.

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