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ROME, Nov 21 (Reuters) - Italy is considering candidates to take the helm of state lender Cassa Depositi e Prestiti (CDP), three sources close to the matter told Reuters, as part of a wider shake-up of state-controlled companies. State-backed investor CDP, founded 173 years ago, plays a key role in keeping strategic assets in national hands. Asked to comment on a change of CEO at CDP, Meloni's office said any rumours of a replacement for Scannapieco were unfounded. Rome is expected to decide on the top management of CDP in March at the latest, immediately after the approval of this year's CDP financial accounts, the sources said. The state lender invests savings made by Italians through the national post office network Poste Italiane.
Persons: Dario Scannapieco, Fincantieri, Giorgia, Scannapieco, Antonino Turicchi, Stefano Donnarumma, Mario Draghi, Elvira Pollina, Susan Fenton Organizations: Eni, ITA Airways, European Investment Bank, Telecom Italia's, Thomson Locations: Italy, State, Rome, EU, Milan
"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
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
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
On the opening night of Rome’s most talked-about new exhibition this week, top government ministers in sharp suits hobnobbed with Roman socialites in fur coats, and eccentric art lovers rubbed shoulders with hard-right youth group members. They all contemplated a drawing of a glam-rock Gandalf in a form-fitting wizard’s cloak, acrylic armies of orcs and other works of fan art displayed in gilded frames. Some were enthusiastic, others bewildered. But if there was any question why Italy’s Culture Ministry had staged a major retrospective dedicated to the life, academic career, and literary works of J.R.R. “I found the exhibition very beautiful,” Giorgia Meloni, the prime minister, said after her personal tour of “Tolkien: Man, Professor, Author.” “As a person who knows the issue pretty well, I found many things I didn’t know.”
Persons: Frodo, Tolkien, , , Giorgia Meloni Organizations: Ministry, National Gallery of Modern Locations: British
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
CNN —Between the tragic, ongoing war in Gaza and the Biden-Xi summit, one crucial global crisis is in danger of being forgotten — the war in Ukraine. And this is a terrible time for it to be slipping from public consciousness because Ukraine faces trouble on two fronts. Despite the drones and Starlink connectivity, this is looking like the trench warfare during World War I, which ground on for four years. The second front that is equally worrying is in the West, where support for Ukraine is weakening. An international legal organization and process of adjudicating claims should be established and the funds handled through it.
Persons: Fareed Zakaria, “ Fareed Zakaria, General Valery Zaluzhny, Biden’s, Giorgia Meloni, , Donald Trump, Vladimir Putin, Trump, Laurence Tribe, Larry Summers, Robert Zoellick, Philip Zelikow, Summers, Zoellick Organizations: CNN, Biden, World Bank, Bank Locations: Gaza, Ukraine, Russia, Kherson, Italian, Moscow, Putin, Switzerland, Belgium, Kyiv, United States
Sandrine Rousseau, a Green lawmaker, said Le Pen's presence had made her uncomfortable. "Marine Le Pen was given rounds of applause several times in the march," a source close to her told Reuters. "For me, the DNA of the far right is antisemitism. But analysts say Le Pen and her party are succeeding in shifting public discourse and perceptions. "Voters are led to believe that the danger no longer comes from the far right, but from political Islam."
Persons: , Le Pen's, Jean, Marie, Le, Pen, Le Pen, Daniel Levy, Sandrine Rousseau, Giorgia, Marie Le Pen's, Serge Klarsfeld, Yonathan Arfi, Richard Sulzer, Olivier Veran, pollster Levy, Michel Rose, Elizabeth Pineau, Juliette Jabkhiro, Angelo Amante, Sarah Marsh, Rachel Armstrong, Nick Macfie Organizations: Hamas, Rassemblement, National Front, pollster Harris Interactive, Reuters, Rassemblement National, Conservative Party, Le Figaro, Voters, Thomson Locations: France, Israel, Palestinian, Paris, PARIS, Europe, Italy, Germany, Britain, EUROPE, Nazi, constituencies, Rome, Berlin, London
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Acquire Licensing RightsROME, Nov 14 (Reuters) - Telecom Italia's (TIM) (TLIT.MI) planned sale of its fixed-line network to U.S. fund KKR (KKR.N) boosts the prospects of creating a national grid operator under state control, Italy's industry minister said on Tuesday. "Prospectively, I think this [the deal] will enhance the creation of a national grid operator under public control, in full respect of the EU competition law," Minister Adolfo Urso said during an event in Rome. The 19-billion-euro deal ($20.4 billion) is backed by the administration of Prime Minister Giorgia Meloni, which authorised the Treasury to spend up to 2.2 billion euros to take a 20% stake in the network. ($1 = 0.9330 euros)Reporting by Elvira Pollina, editing Federico MaccioniOur Standards: The Thomson Reuters Trust Principles.
Persons: Yara, Adolfo Urso, Giorgia Meloni, Elvira Pollina, Federico Maccioni Organizations: REUTERS, Rights, Telecom, KKR, Treasury, Thomson Locations: Rome, Italy
Intesa Sanpaolo bank logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsROME, Nov 13 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) reopened the deadline for thousands of its customers to opt out of switching to its digital lender Isybank, a document showed, following protests from consumer associations and ruling lawmakers. The complaints prompted Italy's central bank as well as the antitrust authority to look into the way the lender was shifting the clients to the app-based unit. In a note sent to customers on Monday and seen by Reuters, the bank wrote that anyone wanting to remain with Intesa Sanpaolo had until the end of February to say so. The competition watchdog took aim at how Intesa informed account holders of the move, adding it had received more than 2,000 complaints.
Persons: Dado Ruvic, Intesa Sanpaolo, Intesa, Paolo, Letizia, Giorgia Meloni, Carlo Messina's, Giuseppe Fonte, Keith Weir Organizations: REUTERS, Rights, Reuters, Brothers, Thomson Locations: Italy
IPO laggards’ race to the bottom misses the target
  + stars: | 2023-11-10 | by ( Lisa Jucca | ) www.reuters.com   time to read: +5 min
A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing RightsMILAN, Nov 10 (Reuters Breakingviews) - Italy is scrambling to make its stock market more attractive. Over the past few years, some prominent companies have moved their listing venue abroad. Companies rushing to list in the Netherlands are no doubt attracted by its lax approach to companies with dual voting share classes. Doubts over the sustainability of Rome’s high public debt push up listed companies’ cost of capital, depressing their valuations and making the stock market less appealing.
Persons: Claudia Greco, Giorgia, Rishi, Agnelli, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Ministry, Companies, Reuters Graphics Reuters, Financial, Thomson Locations: Milan, Silicon, Italy, Amsterdam, New York, Paris, Italian, Netherlands, Britain, United States, London
PARIS (Reuters) - A deal that allows Italy to build migrant reception and detention camps in Albania respects European Union rules, Italy's foreign minister said on Thursday, dismissing suggestions they were an Italian Guantanamo Bay. Italian opposition parties have denounced Meloni's plans as a deportation, with Riccardo Magi, a lawmaker with the centrist +Europa group, evoking the notorious Guantanamo Bay extrajudicial camps used by the U.S. in Cuba to detain Islamist terrorism suspects. It's a normal humanitarian accord," Tajani said. The German government agreed to look into whether asylum procedures could be carried out outside the European Union, though Chancellor Olaf Scholz expressed scepticism on whether that was constitutionally possible and if countries would agree to it. (Reporting by John Irish; additional reporting by Alvise Armellini; editing by Nick Macfie)
Persons: Giorgia Meloni, Meloni's, Riccardo Magi, Antonio Tajani, It's, Tajani, Chancellor Olaf Scholz, John Irish, Alvise, Nick Macfie Organizations: PARIS, European, of Human Rights, Court, Justice, European Union Locations: Italy, Albania, Italian Guantanamo, U.S, Cuba, Guantanamo, Germany
Since Giorgia Meloni, Italy’s first female prime minister, announced over social media last month that she was dumping her longtime boyfriend, Italians have hardly stopped talking about it. Were the leaks politically motivated, as Ms. Meloni has insinuated? Had Ms. Meloni’s Dear Giambruno letter humanized her as an Italian Everywoman, or reinforced her tough, no-nonsense reputation? Was the breakup bad or good for her political career? Far less attention has been paid to Mr. Giambruno’s behavior, which the public discourse has taken for granted as part of a culture of sexism and harassment that is commonplace for women at work in Italy.
Persons: Giorgia Meloni, Italy’s, Andrea Giambruno, Meloni, Meloni’s Locations: Italian, Italy
That is ahead of a 1.37 billion euro company-provided analyst consensus. Total domestic sales rose 2.2% in the quarter to 2.98 billion euros, also above forecasts. The company confirmed its 2023 financial targets, including a stabilisation of core earnings and service revenue in Italy. In the nine months, service revenue at TIM's domestic operations fell 1.3% to 7.9 billion euros. TIM's net financial debt stood at 26.3 billion euros as of Sept. 30, marginally up from the end of the previous quarter.
Persons: Stefano Rellandini, Giorgia, Pietro Labriola, Elvira Pollina, Valentina Za Organizations: Telecom Italia, REUTERS, Vivendi, Italy's, KKR, TIM, Thomson Locations: Rozzano, Milan, Italy, TIM's
An Italian Coast Guard vessel carrying migrants rescued at sea passes near a tourist boat, on the Sicilian island of Lampedusa, Italy, September 18, 2023. The figure compares with the more than 145,000 sea migrants who have arrived in Italy so far this year, a sharp increase from 2022 which Prime Minister Giorgia Meloni's right-wing government is keen to contain. Announcing the deal with Albania on Monday, Meloni said as many as 36,000 migrants per year could pass through the Albanian camps, but hitting this target depends on how quickly Italy can process asylum applications. The protocol states that Italy will shield Albania from any costs from legal action against the initiative. The facilities are more than 1,000 kilometres from Lampedusa, the island where most Italy-bound sea migrants currently land.
Persons: Yara, Giorgia Meloni's, Meloni, repatriating, Alvise, Christina Fincher Organizations: Italian Coast Guard, REUTERS, Rights, Amnesty International, Reuters, Thomson Locations: Lampedusa, Italy, Albania, EU, Shëngjin
The parents of baby Indi Gregory, who has a rare metabolic disorder known as mitochondrial disease, have fought legal battles in a bid to continue life support for their child. The legal tussle is the latest in a series of similar cases in Britain that saw doctors and parents spar over the treatment of terminally ill children and the respective rights and responsibilities of parents and medical professionals. The campaign group Christian Concern, which is supporting Indi’s parents, said the parents plan to appeal the ruling. The fatal disease has caused progressive brain damage in baby Indi, leaving her totally dependent on life support, according to evidence presented to the High Court in London. Instead, he said continuation of treatment would “perpetuate a high level of pain and suffering” for the baby.
Persons: , Indi Gregory, Robert Peel, Indi, Gesu, Peel, , Justice Peel, Giorgia Meloni, Dean Gregory, Indi's, Organizations: Britain's, Queen's, Italy —, Queen’s, Health Service, Court, Christian Locations: Italy, Britain, Nottingham, London, Poland
Rome CNN —Italian tax authorities are poised to seize some €779 million ($836 million) from Airbnb as a result of its alleged failure to pay taxes owed by landlords using the platform. Prosecutor Marcello Viola told Italian reporters Monday that three people who were administrators for Airbnb in Italy also face unpaid tax charges. A spokesperson for Airbnb told CNN Tuesday: “Airbnb Ireland has been in active discussions with the Italian tax agency since June 2023 to resolve this matter. In 2017, Google, owned by Alphabet (GOOGL), agreed to pay Italy €306 million ($327 million) to cover taxes for the years 2009 to 2015. And in 2015, the country worked out a similar unpaid tax deal with Apple (AAPL) worth €318 million ($340 million).
Persons: Rome, Airbnb, Marcello Viola, , won’t, Giorgia Meloni, Airbnb —, Antonio Tajani, — Anna Cooban Organizations: Rome CNN, Union, Airbnb, CNN, , Google, Italy €, Apple Locations: Airbnb, Europe, United States, Milan, Ireland, , Italy, Italian, New York City, Italy’s
The agreement announced on Monday is the first example of a non-EU country accepting migrants on behalf of an EU nation. "I believe it (the deal) could become a model of cooperation between EU and non-EU countries in managing migration flows... I think this agreement features a bold European spirit," Meloni told Il Messaggero daily. Asked about the scheme by two Italian newspapers, Rama said Italy had not been the only EU country to propose such a deal, but he said he accepted Rome's offer as a sign of "gratitude". In the 1990s, Italy took in large numbers of Albanians and Rome is now one of the most solid backers of Albania's EU accession hopes.
Persons: Ursula von der Leyen, Giorgia Meloni's, Yara, Giorgia Meloni, Meloni, Il, Rama, Federico Maccioni, Alvise Armellini, Nick Macfie Organizations: Italian, REUTERS, Rights, European Union, EU, European Commission, La Stampa, Thomson Locations: Lampedusa, Italy, Albania, EU, British, Rwanda, Rome
Prime Minister Giorgia Meloni of Italy on Tuesday heralded an agreement she had struck with Albania, a non-European Union nation, to outsource the processing and containment of migrants as a breakthrough for one of the continent’s most defining challenges. “I believe it could become a model of cooperation between E.U. countries in managing migration flows,” Ms. Meloni told the Rome-based daily newspaper Il Messaggero. “I think this agreement features a bold European spirit.”But Italian politicians caught by surprise by Ms. Meloni’s announcement in Rome on Monday questioned whether the agreement — struck earlier this week with the nation across the Adriatic Sea — was legal, ethical, practical or even real. “Before further commenting, we need to understand what exactly they want to do,” Anitta Hipper, a spokeswoman for the European Commission, said on Tuesday.
Persons: Giorgia Meloni, , Ms, Meloni, Anitta Hipper Organizations: European Union, E.U, European Commission Locations: Italy, Albania, European, Rome
ROME (AP) — An 8-month-old terminally ill British girl was granted Italian citizenship Monday after a court in Britain upheld rulings authorizing the withdrawal of life-supporting invasive treatment. Baby Indi Gregory's situation is the latest in a series of cases in Britain in which doctors and parents have sparred over the treatment of terminally ill children. The child’s family hopes the Italian government's decision will add heft to their fight to allow her to be transferred to Italy. Peel ruled that nothing had changed since an earlier ruling that authorized the withdrawal of life-supporting invasive treatment. In addition, it is possible that transferring Indi to Rome would increase her “distress and suffering,” Peel said.
Persons: Indi, Indi Gregory, , Giorgia Meloni, , Robert Peel, Peel, Indi’s, ” Peel, Organizations: ROME, Italy’s, Facebook, Court Locations: Britain, Italy, British, Rome, London
ROME, Nov 6 (Reuters) - The Italian government on Monday granted citizenship to a critically ill baby girl from Britain, in a move aimed at preventing doctors from weaning her off life support and allowing her to be moved to Italy. Eight-month-old Indi Gregory suffers from a rare mitochondrial disease, which means that her cells do not produce enough energy. Italian Prime Minister Giorgia Meloni's government stepped into the controversy by holding an emergency meeting on Monday which made Gregory an Italian citizen. Galeazzo Bignami, a junior minister, said the government's move would allow the baby's transfer to the Bambino Gesu paediatric hospital, and that without it her life support would have been turned off on Monday. The toddler, Alfie Evans, died a few days after his life support was removed.
Persons: Indi Gregory, Giorgia Meloni's, Gregory, Meloni, Galeazzo Bignami, Gregory's, Dean Gregory, Alfie Evans, Alvise Armellini, Gavin Jones, Nick Macfie Organizations: Thomson Locations: Britain, Italy, Nottingham, England, Rome, Italian, Vatican, St Peter's
Italy judge seizes 780 mln euros from Airbnb in tax probe
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo Acquire Licensing RightsROME, Nov 6 (Reuters) - An Italian judge has ordered the seizure of 779.5 million euros ($836.40 million) from short-term rentals platform Airbnb's Ireland unit for alleged tax evasion, Milan prosecutors' office said on Monday. The probe concerns Airbnb's (ABNB.O) alleged failure to withold 21% of landlords' rental income and pay it to Italian tax authorities, as required by a 2017 law, prosecutors in the northern Italian city said in a statement. Airbnb's Italian press office did not immediately reply to a request for comment. Prime Minister Giorgia Meloni's administration is meanwhile planning a crackdown on tax cheating on short-term rentals, and wants to raise taxes from 21% to 26% for owners of multiple short-term rental properties.
Persons: Gabrielle Lurie, Milan, Giorgia, Emilio Parodi, Alvise, Chris Reese, Franklin Paul, Tomasz Janowski Organizations: REUTERS, Rights, EU, Justice, Thomson Locations: SOMA, San Francisco , California, U.S, Italian
Meloni said the Albanian centres would initially host some 3,000 people when they are due to open in spring 2024. More than 145,000 people have come ashore in Italy so far in 2023, compared with around 88,000 in the same period in 2022. The same source denied Italy would pay any money to Albania to host the centres. Meloni said Italy would build a migrant identification facility at the Albanian port of Shëngjin, and a repatriation centre inland. The main countries migrants have arrived from in Italy in 2023 were Guinea, Ivory Coast and Tunisia, official data shows.
Persons: Giorgia Meloni, Meloni, Rama, Rome, Maurizio Veglio, Angelo Amante, Alvise Armellini, Alison Williams Organizations: European Union, Italian coastguard, Albanian, Reuters, Thomson Locations: Italy, Rome, ROME, Albania, Albanian, Africa, Shëngjin, Guinea, Ivory Coast, Tunisia, Rwanda
ROME (Reuters) - The Italian government on Monday granted citizenship to a critically ill baby girl from Britain, in a move aimed at preventing doctors from weaning her off life support and allowing her to be moved to Italy. Eight-month-old Indi Gregory suffers from a rare mitochondrial disease, which means that her cells do not produce enough energy. Italian Prime Minister Giorgia Meloni's government stepped into the controversy by holding an emergency meeting on Monday which made Gregory an Italian citizen. Had the government not acted, life support machines would have been turned off on Monday, Bignami said. The toddler, Alfie Evans, died a few days after his life support was removed.
Persons: Indi Gregory, Giorgia Meloni's, Gregory, Galeazzo Bignami, Bignami, Dean Gregory, Alfie Evans, Alvise Armellini, Gavin Jones, Nick Macfie Organizations: Facebook, Christian Locations: ROME, Britain, Italy, Nottingham, England, Rome, Italian, Vatican, St Peter's
Telecom Italia (TIM) logo is seen displayed in this illustration taken, May 3, 2022. The price tag can reach 22 billion euros when including some future payments were a long-awaited combination of TIM's grid with that of state-backed fibre optic rival Open Fiber materialise, the first two sources said. Italian infrastructure fund F2i is also preparing to take a stake in the grid to bring the holding in Italian hands to 30%-35%. With its 24% TIM stake, Vivendi has warned TIM's board it is ready to bring a legal challenge to the sale after criticising its approval process, documents seen by Reuters showed. ($1 = 0.9321 euros)Reporting by Elvira Pollina; Editing by Valentina ZaOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Giorgia, Pietro Labriola's, Merlyn Advisors, Stefano Siragusa, Elvira Pollina, Valentina Za Organizations: Telecom Italia, REUTERS, Vivendi, Sunday, KKR, Reuters, TIM, Treasury, Thomson Locations: MILAN, London
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