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☆ Giorgia Meloni, Italian prime minister, splits from partner after his sexist TV comments
▼ + stars: | 2023-10-20 | by ( ) edition.cnn.com time to read: +1 min

Reuters —Italian Prime Minister Giorgia Meloni said on Friday she had separated from her television journalist partner Andrea Giambruno, who has drawn criticism in recent weeks for sexist comments made on and off air. “My relationship with Andrea Giambruno, which lasted almost 10 years, ends here,” Meloni wrote on her social media accounts. Giambruno is the presenter of a news program transmitted by Mediaset, part of the MFE (MFEB.MI) media group owned by the heirs of the late Silvio Berlusconi, the former prime minister and Meloni ally. The TV journalist had already been widely criticized in August for apparent victim-blaming comments following a gang rape case. Meloni had said after that episode that she should not be judged for comments made by her partner, and that in future she would not answer questions about his behavior.

Persons: Giorgia Meloni, Andrea Giambruno, ” Meloni, Giambruno, Mediaset, Silvio Berlusconi, “, ”, Meloni Organizations: Reuters, Italian

☆ Italy picks UBS, Jefferies, Clifford Chance for MPS privatisation
▼ + stars: | 2023-10-20 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

People pass in front of a branch of Monte dei Paschi di Siena (MPS) bank in Siena, Italy, August 11 2021. REUTERS / Jennifer Lorenzini/File Photo Acquire Licensing RightsROME, Oct 20 (Reuters) - Italy's Treasury said on Friday it had picked UBS (UBSG.S) , Jefferies and Clifford Chance as financial and legal advisers for the privatisation of bailed-out bank Monte dei Paschi di Siena (MPS) (BMPS.MI). After a failed attempt to sell the Tuscan lender to larger peer UniCredit (CRDI.MI) in 2021, Italy agreed to Brussels' new privatisation terms that were never fully disclosed. However, Economy Minister Giancarlo Giorgetti said this week MPS could return to private hands by the end of next year. Both Giorgetti and Prime Minister Giorgia Meloni have said in recent months that the government would try to boost competition among Italy's banks with the privatisation of MPS.

Persons: Jennifer Lorenzini, Jefferies, Clifford Chance, Giancarlo Giorgetti, Giorgia Meloni, Gavin Jones, Richard Chang Organizations: REUTERS, Rights, Treasury, UBS, European Union, MPS, Banco, Reuters, Thomson Locations: Monte dei, Siena, Italy, Rome, Brussels

☆ Cairo Peace Summit on Gaza conflict: who will attend?
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

Members of the military stand guard as people take part in a protest in support of Palestinians, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, in Old Cairo, Egypt, October 20, 2023. REUTERS/Mohamed Abd El Ghany Acquire Licensing RightsOct 20 (Reuters) - Egypt is planning to host an international conference on Saturday to discuss the escalating war between Israel and the Palestinian group Hamas in Gaza. The list of attendees expected so far at the Cairo Peace Summit include:Egyptian President Abdel Fattah al-SisiPalestinian President Mahmoud AbbasJordanian King AbdullahBahraini King Hamad bin Isa Al KhalifaKuwaiti Crown Prince Sheikh Meshal al-Ahmad al-SabahItalian Prime Minister Giorgia MeloniSpanish Prime Minister Pedro SanchezGreek Prime Minister Kyriakos MitsotakisCypriot President Nikos ChristodoulidesSouth African President Cyril RamaphosaGerman Foreign Minister Annalena BaerbockFrench Foreign Minister Catherine ColonnaJapanese Foreign Minister Yoko KamikawaBritish Secretary of State for Foreign Affairs James CleverlyNorwegian Foreign Minister Espen Barth EideUnited Nations Secretary-General Antonio GuterresEuropean Council President Charles MichelEuropean Union foreign policy chief Josep BorrellReporting by Reuters bureaus; Editing by Edmund Blair, Gareth Jones and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mohamed Abd El Ghany, Abdel Fattah al, Mahmoud Abbas, Mahmoud Abbas Jordanian King Abdullah, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa Kuwaiti Crown Prince Sheikh Meshal al, Ahmad al, Giorgia, Pedro Sanchez, Kyriakos, Nikos Christodoulides, Cyril Ramaphosa, Annalena Baerbock, Catherine Colonna Japanese, Yoko Kamikawa, Foreign Affairs James, Espen Barth Eide, Antonio, Charles Michel, Josep Borrell, Edmund Blair, Gareth Jones, Jonathan Oatis Organizations: Hamas, REUTERS, Palestinian, Cairo Peace, Pedro Sanchez Greek, State, Foreign Affairs, Espen Barth Eide United Nations, Charles Michel European Union, Reuters, Thomson Locations: Israel, Palestinian, Old Cairo, Egypt, Gaza, Cairo, Mahmoud Abbas Jordanian, Mahmoud Abbas Jordanian King Abdullah Bahraini, Mahmoud Abbas Jordanian King Abdullah Bahraini King Hamad bin Isa Al Khalifa Kuwaiti Crown, Sabah Italian, Spanish, Norwegian

ROME, Oct 20 (Reuters) - Italian Prime Minister Giorgia Meloni said on Friday she had separated from her television journalist partner Andrea Giambruno, who has drawn criticism in recent weeks for sexist comments. Meloni told reporters last month she should not be judged over Giambruno's remarks and in future would not answer questions about his behaviour. The split comes as the 46-year-old prime minister celebrates her first year in office at the head of a right-wing coalition government that has defended the traditional family as one of its policy hallmarks. "My relationship with Andrea Giambruno, which lasted almost 10 years, ends here," Meloni wrote on her social media accounts. The TV journalist had been widely criticised in August for comments interpreted by many as victim-blaming, following a gang rape case.

Persons: Giorgia Meloni, Andrea Giambruno, Meloni, Giambruno, Mediaset, Silvio Berlusconi, Marco Furfaro, Gavin Jones, Deborah Kyvrikosaios Organizations: Italian, Democratic Party, Thomson

☆ Italy PM splits from partner after his sexist TV comments
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Andrea Giambruno, partner of Italy's new Prime Minister Giorgia Meloni, arrives at the Quirinale Presidential Palace for the swearing-in ceremony of Italy's new government, in Rome, Italy October 22, 2022. REUTERS/Yara Nardi/File Photo Acquire Licensing RightsROME, Oct 20 (Reuters) - Italian Prime Minister Giorgia Meloni said on Friday she had separated from her television journalist partner Andrea Giambruno, who has drawn criticism in recent weeks for sexist comments made on and off air. "My relationship with Andrea Giambruno, which lasted almost 10 years, ends here," Meloni wrote on her social media accounts. The TV journalist had already been widely criticised in August for apparent victim-blaming comments following a gang rape case. Meloni had said after that episode that she should not be judged for comments made by her partner, and that in future she would not answer questions about his behaviour.

Persons: Andrea Giambruno, Giorgia Meloni, Yara, Meloni, Giambruno, Mediaset, Silvio Berlusconi, Alvise Armellini, Gavin Jones Organizations: REUTERS, Rights, Italian, Thomson Locations: Rome, Italy

☆ Giorgia Meloni Tells Italy She Is Dumping Her Longtime Partner
▼ + stars: | 2023-10-20 | by ( Jason Horowitz | ) www.nytimes.com time to read: +1 min

There is a war raging in the Middle East. A new China and Russia alliance is raising questions about the breakup of the world order. She thanked him for the “splendid” years together and for having given her the gift of their daughter. “Our ways have been divided for some time,” she wrote. “And the time has come to act.”Mr. Giambruno, 42, had doubted climate change, compared migrants to cattle, and suggested that women avoid drinking to excess to avoid being raped, but what appears to have especially upset the prime minister is the appearance of her partner hitting on women who were not the prime minister.

Persons: Giorgia Meloni, Andrea Giambruno, Ms, Meloni, “, ”, Mr, Giambruno Organizations: Friday Locations: Europe, China, Russia, Italy

France, where Ryanair serves cities such as Marseille and Bordeaux, has floated proposals for a minimum ticket price in an effort to reduce pollution from aviation. The French price proposal, which EU officials said has drawn some support from the Netherlands and Belgium, got short shrift from senior Ryanair executive Eddie Wilson. Having established a strong position in large parts of Western Europe, Ryanair is now looking east to countries such as Poland for further growth. Europe's main airlines lobby group expressed relief and called on more European coordination to support the sector. Lufthansa CEO Carsten Spohr has said a stronger ITA will reinvigorate competition in the Italian market but Ryanair's Wilson is unperturbed, describing ITA as a sideshow.

Persons: Eddie Wilson, Wilson, Andrea Giuricin, Giorgia, Giuseppe Cocuzza, Ourania Georgoutsakou, Carsten Spohr, Ryanair's Wilson, Rome Fiumicino, Sacbo, Angelo Amante, Keith Weir, Joanna Plucinska, Emelia Sithole Organizations: Ryanair, Europe's, European Union, Ryanair DAC, Alitalia, TRA Consulting, European Commission, Airlines for, ITA, Lufthansa, Cortina d'Ampezzo, Thomson Locations: Italy, ROME, France, Marseille, Bordeaux, Sicily, Sardinia, Netherlands, Belgium, Europe, Western Europe, Poland, Rome, Catania, Airlines for Europe, Bergamo, Milan, Malpensa, Brescia, London

Political Cartoons View All 1211 ImagesThe first woman to be Italy's premier, Meloni "won out against Salvini and Berlusconi. Fears for Italy's democracy have proved to be “exaggerated,’’ said Franco, who noted that Italy's president serves as a guarantor of the republic's post-war constitution. Meloni contends the rulings support a long-held belief on the political right that Italy’s magistrates sympathize with the left. Since becoming premier, Meloni has topped surveys of eligible voters, hovering near 30% — compared to the 26% of votes her party garnered in the 2022 election. Currently, Italy's president asks someone likely able to command a parliamentary majority the task of forming a government.

Persons: Giorgia Meloni, —, Matteo Salvini, Silvio Berlusconi, Vladimir Putin, Meloni, Salvini, Berlusconi, Massimo Franco, ”, Tommaso Grossi, Ursula von der Leyen —, Joe Biden, ’ ’, Franco, it’s, ” Meloni, Von der Leyen, ″, Roberto Calderoli, Antonio Tajani, Tajani, Meloni’s, “, ″ Grossi, nostalgists, Benito Mussolini, Di Segni, Mussolini, Raf Casert Organizations: ROME, Union, European Commission, EU, Kyiv, Russia’s, Forza Italia, European Policy, White, Italian Rai, European Union, “, Union of Italian, Nazi, Associated Locations: Italy’s, Europe, Italy, Brussels, Rome, Hungary, Poland, Meloni, Ukraine, Lampedusa, Libyan, Tunisia, Italian, Israel, Nazi

The budget bill will then go to parliament, which must pass it by the end of the year. Investors have been demanding a higher premium to hold Italian government bonds since Rome last month raised its budget deficit targets for the 2023-2025 period, setting it up for a possible clash with the European Commission. AGEING POPULATIONNext year people earning up to 28,000 euros per year will pay income tax (known as IRPEF) at 23%, according to the officials. Meloni also aims to earmark at least 1 billion euros for measures, which have yet to be detailed, aimed at addressing Italy's demographic crisis. The scheme could increase tax revenues in Italy by between 2 and 3 billion euros, one official said.

Persons: Giorgia, Giancarlo Giorgetti, DBRS, Fitch, Moody's, Meloni, Giuseppe Fonte, Keith Weir Organizations: Treasury, European Commission, P, Thomson Locations: ROME, Rome, Ukraine, Italy

☆ Italy not tied to any deadline to exit Monte Paschi, FinMin says
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

View of the entrance to the headquarters of Monte dei Paschi di Siena (MPS), the oldest bank in the world, which is facing massive layoffs as part of a planned corporate merger, in Siena, Italy, August 11, 2021. REUTERS/Jennifer Lorenzini/File Photo Acquire Licensing RightsMARRAKECH, Oct 13 (Reuters) - Italy will exit bailed-out bank Monte dei Paschi di Siena (MPS) (BMPS.MI) when market conditions are appropriate as it is not tied to any deadline, Economy Minister Giancarlo Giorgetti said on Friday. After a failed attempt to sell the bank to UniCredit (CRDI.MI) in 2021, Italy agreed with Brussels new privatisation terms that were never fully disclosed. Both Giorgetti and Prime Minister Giorgia Meloni have said that the government would try to boost competition among banks with the privatisation of MPS. ($1 = 0.9499 euros)Reporting by Elisa Martinuzzi, writing by Giuseppe Fonte, editing by Jane Merriman and Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Jennifer Lorenzini, Giancarlo Giorgetti, Giorgetti, Giorgia Meloni, Meloni, Elisa Martinuzzi, Giuseppe Fonte, Jane Merriman, Gavin Jones Organizations: Monte, REUTERS, Rights, European Union, World Bank, International Monetary Fund, MPS, Banco, Treasury, Thomson Locations: Monte dei, Siena, Italy, Rights MARRAKECH, Rome, UniCredit, Brussels, Marrakech

Research shows women in richer economies are more likely to have children if they work. Prime Minister Giorgia Meloni - Italy's first female premier - has said women are "an untapped resource" that lessens the need for immigrant labour. Yet her conservative government's 2024 budget, to be presented on Monday, is not expected to include measures to drive change. According to a government report relating to 2021, nearly one in five Italian women aged under 50 left their job after having their first child. SPANISH SUCCESSMeloni's government could learn from Spain, whose female activity rate lagged Italy's in the early 1990s but is now above the EU average.

Persons: Guzzo, Vittoria, Claudia Greco, Elena, Claudia Goldin, Giorgia Meloni, Claudia Olivetti, Enza Guzzo, Gian Carlo Blangiardo, Blangiardo, Giancarlo Giorgetti, Olivetti, Paola Profeta, Katharine Neiss, Valentina Za, Elisa Anzolin, Giuseppe Fonte, Catherine Evans Organizations: REUTERS, European Union, Reuters, Research, Dartmouth College, ISTAT, Bank of, EU, France's, Milan's Bocconi University, AXA Research, Treasury, Thomson Locations: Arese, Italy, MILAN, Bank of Italy, Rome, Barcelona, Spain, Milan

☆ IMF's chief economist urges Italy to toughen budget plans -media
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsROME, Oct 12 (Reuters) - The International Monetary Fund wants Italy to make its 2024 budget framework more stringent, as tax cut plans made the Fund "a bit worried", its chief economist, Pierre-Olivier Gourinchas, said in a newspaper interview on Thursday. Gourinchas told the Corriere della Sera daily that Italy's structural deficit, net of interest spending, was not seen as falling fast enough. The IMF was "a bit worried" by planned tax cuts that "don't necessarily seem to go in the right direction", he added. It would be "desirable" if Prime Minister Giorgia Meloni's government revised its fiscal plans to make them more stringent before they are approved by parliament, he said. Over the next month Italy's budget faces scrutiny from credit ratings agencies, with S&P Global, DBRS, Fitch and Moody's all reviewing their assessment of the euro zone's third largest economy.

Persons: Pierre, Olivier Gourinchas, Susana Vera, Gourinchas, Giorgia, DBRS, Fitch, Moody's, Gavin Jones, Clarence Fernandez Organizations: Research Department IMF, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Monetary Fund, della Sera, IMF, P, Thomson Locations: Marrakech, Morocco, Italy, Rome

Because higher yields signal a rise in borrowing costs, the selloff has raised questions about the long-term sustainability of Italy's huge debt pile. Meloni has said she is not worried by the rise in yields, saying: "Italy is solid." Most of the sources said there is no hurry to end reinvestments or even to formally open this discussion on the policy-making Governing Council. Some argued that PEPP reinvestments should end before any talk of a rate cut, now expected by markets around mid-2024. Spreads of Italian 10-year bonds over their German counterparts are up roughly 30 basis points this month in their biggest jump since last December.

Persons: Wolfgang Rattay, Giorgia, Christine Lagarde, Meloni, PEPP, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, ECB, REUTERS, Rights, Central Bank, Thomson Locations: Frankfurt, Germany, Italy

☆ Italy's rising bond yields are a wake-up call, central bank warns
▼ + stars: | 2023-10-09 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +3 min

The Bank of Italy building is seen downtown Milan, November 25, 2011. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsSummary Italy's bond spread versus Germany's widest since JanuaryCentral bank calls for 'extreme' budget prudenceSays economy remained weak in Q3 after Q2 contractionSell-off plan seems like window dressing, audit court saysROME, Oct 9 (Reuters) - Italy's rising bond yields are a "wake-up call", the country's central bank said on Monday, urging the government to handle its budgetary policy with "extreme prudence". "The high debt is a serious element of vulnerability," the Bank of Italy said in a testimony to parliament. The Bank of Italy said weakness in economic activity continued in the third quarter of this year, after GDP shrank by 0.4% in the previous one. Over the past decade, proceeds from privatisation programmes have averaged less than 0.1% of national output per year, the Bank of Italy said.

Persons: Stefano Rellandini, Giorgia, Guido Carlino, Gareth Jones, Mark Potter Organizations: of, REUTERS, Bank of, Thomson Locations: of Italy, Milan, ROME, Bank of Italy, Ukraine, Israel, Rome, Greece's

☆ The EU is stuck with its one-trick refugee policy
▼ + stars: | 2023-10-09 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Barring an influx of younger people from Africa and Asia, the EU will become increasingly old, weak and irrelevant. Instead, the EU is focussing on stopping irregular migrants crossing the Mediterranean. To be fair, each EU country has procedures for dealing with migrants who arrive through legal routes. That’s a long way short of the height of the Syrian crisis in 2015, when about 1.8 million refugees crossed EU borders. The hope is that the Mediterranean countries will then process asylum seekers when they arrive - and the EU’s internal borders will stay open.

Persons: Giorgia Meloni, Marine Le, Italy don’t, Martinez, Peter Thal Larsen, Katrina Hamlin, Thomas Shum Organizations: Reuters, Eurostat, EU, Reuters Graphics, Italian, Centre, European, Bank, Thomson Locations: Africa, Asia, EU, Spain, Europe, Turkey, Libya, Tunisia, Egypt, Lampedusa, Tunis, West Balkan, United Kingdom, That’s, Germany, Austria, Poland, Italy, Hungary, Saharan Africa, Latin America

☆ World reacts to Hamas attack on Israel
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +10 min

REUTERS/Mahmoud Issa Acquire Licensing RightsOct 8 (Reuters) - The Palestinian Islamist group Hamas launched the biggest attack on Israel in years on Saturday. Germany condemns these attacks by Hamas and stands by Israel," Scholz said on social media. However, Morocco's Islamist PJD party, which had been the largest in parliament until elections in 2021, praised the Hamas attack as "a heroic act" and "a natural and legitimate reaction to daily violations". EUROPEAN UNIONEU Commission chief Ursula von der Leyen said: "I unequivocally condemn the attack carried out by Hamas terrorists against Israel. INDONESIA"Indonesia is very concerned about the increasing escalation of the conflict between Palestine and Israel," the foreign ministry the world’s largest Muslim-majority country said on X.

Persons: Mahmoud Issa, Antony Blinken, Lloyd Austin, Tor Wennesland, Volker Tuerk, MAHMOUD ABBAS, WAFA, Abbas, Ali Khamenei, Yahya Rahim Safavi, Nasser Kanaani, ISNA, OLAF SCHOLZ, Scholz, EMMANUEL MACRON Macron, Abraham, JOSEP BORRELL, Borrell, JUSTIN TRUDEAU, JAMES, Ursula von der Leyen, TAYYIP ERDOGAN, Erdogan, Israel, MIKHAIL BOGDANOV, Bogdanov, VOLODYMYR ZELENSKIY Zelenskiy, Israel's, ANDRZEJ DUDA, I'm, Duda, PETR PAVEL, Pavel, Giorgia Meloni, KISHIDA, Kishida, Faki Mahamat, Yoweri Museveni, Jan Harvey, Andrew Cawthorne, Ros Russell, Barbara Lewis, Toby Chopra Organizations: REUTERS, Hamas, UNITED, State Department . U.S . Defense, of Defense, Human, Palestinian, Abraham Accords, Israel, Twitter, EU Commission, Hezbollah, Rockets, State, African Union, Reuters, Thomson Locations: Gaza, Israel, Palestinian, IRAN, Palestine, Jerusalem, CHINA, State, Germany, SAUDI ARABIA, Egypt, MOROCCO Morocco, EU, Muscat, Oman, Canada, QATAR, MIKHAIL BOGDANOV Russia, Iran, Lebanese, Poland, Japan, KUWAIT Kuwait, EMIRATES, UAE, INDONESIA, Indonesia, KENYA, X, UGANDA, Uganda

☆ Italy's deficit hikes could threaten its credit rating - Scope
▼ + stars: | 2023-10-06 | by ( Sara Rossi | ) www.reuters.com time to read: +3 min

The eligibility of Italian securities under the ECB's TPI "is a key driver of its BBB+/Stable credit rating," Scope said. It will review its rating of Italy's debt on Dec. 1. More specifically, countries must respect the EU's economic prescriptions, have a sustainable public debt, and not show any macroeconomic imbalances. RATING AGENCIES' TESTBefore Scope assesses Italy's rating in December, the country faces scrutiny from several larger agencies. From mid-October to mid-November, S&P Global, DBRS, Fitch and Moody's all have the euro zone's third largest economy up for review in what analysts say will be key tests for the stability of Italian bond yields.

Persons: Giorgia, Christine Lagarde, DBRS, Fitch, Sara Rossi, Gavin Jones, Andrew Heavens Organizations: MILAN, Central, Reuters, ECB, P, Italian Treasury, European Union, TPI, European, Thomson Locations: Italy, Italian, Rome

Italy is even going outside the EU to establish links with the United Kingdom to crack down on unwanted arrivals. Hungarian Prime Minister Viktor Orbán was blunt about how far Europe's leaders still are from reaching a consensus before they met in Granada, Spain. Orbán, who has pushed back against EU policy repeatedly and taken a hard-line approach against migration, said that he won't sign off on any deal at any point in the foreseeable future. He went as far as to compare the situation to being “legally raped” by Hungary's fellow EU members. “The agreement on migration, politically, it’s impossible — not today (or) generally speaking for the next years," Orbán said.

Persons: Viktor Orbán, Orbán, “, Mateusz Morawiecki, Ursula von der Leyen, ”, Roberta Metsola, ” Metsolas, Giorgia, Rishi Sunak, ___ Wilson, Raf Casert, Ciarán Giles, Colleen Barry, Vanessa Gera, Danica Kirka Organizations: European Union, EU, International Organization for Migration, Giorgia Meloni, della, The Times Locations: GRANADA, Spain, Brussels, Hungary, Poland, Italy, United Kingdom, Granada, Syria, Turkey, Libya, Tunisia, Morocco, Malta, Greece, Cyprus, Ukraine, Lampedusa, London, Africa, El Hierro, Senegal, Barcelona, Madrid, Milan, Warsaw

☆ Italy impounds migrant charity ship after multiple rescues
▼ + stars: | 2023-10-05 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

ROME, Oct 5 (Reuters) - Italian authorities have impounded a vessel operated by a Spanish charity, the group said on Thursday, after it carried out multiple rescues of migrants stranded in the Mediterranean. The Open Arms group said in a statement it had completed three rescues on Saturday picking up 176 people at sea, which included more than 90 unaccompanied minors. The boat docked on Wednesday in the central Italian port of Carrara to disembark the migrants. Temporary seizure orders had already been imposed on three charity boats - including the Open Arms - in August. Migrant arrivals nearly doubled in Italy this year compared with 2022.

Persons: Giorgia, Angelo Amante, Alex Richardson Organizations: Reuters, Italian coastguard, Interior Ministry, Charities, Thomson Locations: Spanish, Carrara, Africa, Italy

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

CNN —Italian authorities were on Wednesday investigating the cause of a horrific bus crash near Venice that killed at least 21 people including two children. Claudia Greco/ReutersLocal police work at the site of the bus crash on Wednesday. A representative for the prosecutor’s office told CNN the head prosecutor for the Venice municipality, Bruno Cherchi, is leading the investigation into the incident in Mestre. The bus was traveling from Venice to nearby Marghera and was “full of people returning home from work,” Venice mayor Luigi Brugnaro told state media RAI. Emergency crew members work at the scene after a bus accident near Venice.

Persons: ”, Alberto Rizzotto, Claudia Greco, Mauro Lungo, Bruno Cherchi, Luigi Brugnaro, Stefano Mazzola, sevices, Brugnaro, Massimo Fiorese, Italy’s, “, Giorgia Meloni, Emmanuel Macron, I’m, Charles Michel Organizations: CNN, ” RAI, Reuters Local, Sky TG24, RAI, Emergency, Facebook, della Sera, Reuters, Italian Senate, European Council Locations: Venice, Mestre, Italy, Marghera, ” Venice, Italian

[1/3] FILE PHOTO:Surgeon Rosanna Curinga walks out of Locri Hospital, in Locri, southern Italy, August 27, 2023. Italy's health ministry declined to provide further details. People are leaving Italy because of it," said Professor Foad Aodi, head of the Italian association of foreign doctors. The COVID-19 pandemic laid bare the failings of the national health service in Italy, which suffered the second-highest death toll from the pandemic in Europe after Britain. Higher salaries and better working conditions elsewhere are also proving a lure for Italy's own medical professionals, Italy's health unions say, exacerbating staff shortages.

Persons: Rosanna Curinga, Curinga, Abdel Karim Boutimah, Elizabeth Balbuena Delgado, Delgado, Orazio Schillaci, Schillaci, Giorgia Meloni, Andrea Filippi, Foad Aodi, Roberto Occhiuto, Occhiuto, Lorenzo Grillo Della Berta, Antonio De Palma, Francesca Piscioneri, Crispian Balmer, Rupam Nair, Daniel Flynn Organizations: Locri, Cuban, Indian Health Ministry, Italian, Economic Co, Development, Reuters, Union, OECD, Thomson Locations: Locri, Italy, Calabria, Communist Cuba, Africa, Asia, South America, Europe, Santiago de Cuba, Italy's, India, Paris, France, Germany, Britain, Havana, COVID, Morbegno, Milan, Peru, Switzerland, Abu Dhabi, Antonio De Palma ., Cuba, Rome, Delhi

ROME (AP) — A bus crashed near the Italian city of Venice after falling from an elevated street, killing at least 21 people and injuring others on Tuesday, authorities said. Venice prefect Michele Di Bari said that there were 15 survivors from the crash, which happened in Mestre, a suburb of Venice. Venice Mayor Luigi Brugnaro wrote on X, formerly Twitter, that the scene of the crash was “apocalyptic” and that he had already declared the “city's mourning" for the “numerous victims” who were on the bus. According to local media, the bus fell a few meters before crashing close to Mestre's railway tracks, where it caught fire. Premier Giorgia Meloni expressed her “deepest sorrow” after the crash.

Persons: Michele Di Bari, Luigi Brugnaro, ”, Giorgia Meloni Organizations: ROME, Venice Locations: Venice, Mestre

☆ At least 21 dead after Italian bus carrying tourists falls from Venice overpass
▼ + stars: | 2023-10-03 | by ( Manuel Silvestri | ) www.reuters.com time to read: +2 min

VENICE, Italy, Oct 3 (Reuters) - At least 21 people died on Tuesday and 18 were injured after a bus carrying tourists to a campground crashed off an overpass near Venice in northern Italy and caught fire, city officials said. Venice city councillor Renato Boraso said one line of enquiry was that the driver, a 40-year-old Italian who was among those killed, had been taken ill before the crash. He said the coach had been carrying 40 passengers, of whom 21 had died and 18 were injured. Venice's city hall said the injured people had been taken to nearby hospitals, with four in a serious condition. The bus was also carrying passengers from France and Croatia, Italian news agency ANSA reported.

Persons: Renato Boraso, Boraso, Luigi Brugnaro, Manuel Silvestri, Michele Di Bari, ANSA, Di Bari, Giorgia Meloni, Emilio Parodi, Gavin Jones, Keith Weir, Alvise, Crispian Balmer, Lisa Shumaker, Rosalba O'Brien Organizations: Sky Italia, Rescue, REUTERS, Thomson Locations: VENICE, Italy, Venice, Mestre, Venice's, France, Croatia, Verona

☆ Bus crash near Italian city of Venice kills at least 21 people, including Ukrainian tourists
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: +1 min

Firefighters work on the site of a bus accident on October 3, 2023 in Mestre, near Venice. A bus carrying foreign tourists including Ukrainians crashed near the Italian city of Venice when it fell from an elevated street Tuesday, killing at least 21 people and injuring 18 others, authorities said. Four of the injured were in serious condition following the accident in the Mestre borough, on the mainland opposite the historic old city of Venice, said Renato Boraso, a Venice city official. Boraso confirmed that some of the victims are Ukrainians, and said the bus was bringing tourists to a camping site. According to local media, the bus fell a few meters before crashing close to Mestre's railway tracks, where it caught fire.

Persons: Renato Boraso, Michele Di Bari, Boraso, Luigi Brugnaro, Giorgia Meloni Organizations: Venice Locations: Mestre, Venice

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