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☆ Mahsa Amini, Iran women's movement win Sakharov freedom prize
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Oct 19 (Reuters) - The European Union parliament awarded its annual Sakharov Prize for Freedom of Thought to Iranian woman Mahsa Amini who died in police custody last year and the "Woman, Life, Freedom" movement in Iran, it said on Thursday. "On 16 September we marked one year since the murder of Jina Mahsa Amini in Iran. The European Parliament proudly stands with the brave and defiant who continue to fight for equality, dignity and freedom in Iran," EU Parliament President Roberta Metsola said in a statement. People take part in a protest against the Islamic regime of Iran following the death of Mahsa Amini, in Berlin, Germany, December 10, 2022. Under the banner "Woman, Life, Freedom", Iranian citizens have been protesting against laws obliging women to cover their hair and wear loose fitting clothing.

Persons: Sakharov, Mahsa Amini, Jina, Roberta Metsola, Mahsa, Michele Tantussi, Amini's, Julia Payne Organizations: European Union, REUTERS, Thomson Locations: BRUSSELS, Iran, Amini, Iran's, Kurdistan, Berlin, Germany

☆ Make these 6 moves now to capitalize on one of the best long-term investing outlooks in over a decade, according to JPMorgan's $2.9 trillion asset management arm
▼ + stars: | 2023-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Investors shouldn't be scared off by slower economic growth caused by higher-for-longer interest rates and inflation, according to JPMorgan Asset Management (JPMAM). For reference, JPMAM called for forward long-term returns of 4.3% in 2021. The firm added that productivity gains from AI will likely add a tenth of a percentage point to global growth in the next decade. The long-awaited reversal for international stocks won't happen overnight, JPMAM strategists said. The firm is highly optimistic about the asset class after its brutal multi-year selloff and expects 4.6% and 5.1% long-term returns for those groups, respectively.

Persons: it's, JPMAM, David Kelly, Kelly, Monica Issar, Grace Koo, —, they're, Bob Michele, who's, he's, Bonds, REITs Organizations: Asset Management, Federal Reserve, European Central Bank, US, JPMorgan, Management, Fed, JPMorgan Asset Management, Investors Locations: Europe, Australasia, Real

☆ Australia central bank sees challenging economy, inflation risks
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

SYDNEY, Oct 18 (Reuters) - The head of Australia's central bank on Wednesday said the domestic economy was in a "challenging" situation with consumption slowing but inflation still elevated, and monetary policy was on a narrow path to balance these forces. Reserve Bank of Australia (RBA) Governor Michele Bullock said there were signs that inflation might be difficult to suppress, particularly in services where it was proving to be sticky. She warned that the central bank was very alert to upside risks on inflation and, were it to remain higher than expected, the bank would have to respond with tighter monetary policy. Reporting by Wayne Cole; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Michele Bullock, Wayne Cole, Christian Schmollinger Organizations: SYDNEY, Reserve Bank of Australia, Thomson

☆ Iran doesn't want to come into the Israel-Hamas war 'directly': Michèle Flournoy
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran doesn't want to come into the Israel-Hamas war 'directly': Michèle FlournoyFormer Under-Secretary of Defense Michèle Flourno joins 'Squawk Box' to discuss what President Biden's visit to Israel means for the ongoing Middle East conflict, whether Iran is likely to be involved in the war, and more.

Persons: Defense Michèle Flourno, Biden's Organizations: Iran, Defense Locations: Israel, Iran

☆ Globalisation woes create new winners and losers
▼ + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Over the past seven decades, the world economy has grown 14-fold, powered by a 45-fold expansion in global trade, according to the World Trade Organization. World trade as a percentage of GDP peaked at 61% in 2008. The first is rising geopolitical tensions between the United States and China. The retrenchment is probably going to be gradual: global trade was still worth 57% of world GDP last year. For 2024, the WTO said growth in goods trade would pick up to 3.3%, virtually unchanged from its April estimate of 3.2%.

Persons: Chris Helgren, Joe Biden, Xi Jinping “, ”, Caroline Freund, Aaditya Mattoo, Alen Mulabdic, Michele Ruta, Ursula von der Leyen, it’s, Laura Alfaro, Davin Chor, Dario Perkins, GlobalData’s Perkins, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Warehouse Union, REUTERS, Reuters, World Trade Organization, Economic, Reuters Graphics Reuters, HK, Amperex Technology, European Central Bank, GlobalData, Lombard, Companies, Bureau of Labor Statistics, ECB, Thomson Locations: Vancouver , British Columbia, Canada, Netherlands, United States, China, Beijing, Washington, U.S, Taiwan, Mexico, Vietnam, People’s Republic, Latin America, Chile, Brazil, Ukraine, Geneva

☆ Breakingviews: Globalization woes create new winners and losers
▼ + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

☆ Bargain hunters dig in to 'cheap' European banks
▼ + stars: | 2023-10-16 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

Just before earnings season kicks off, European bank shares are sporting a dividend yield of almost 8%, making them cheaper on this basis than during the 2008 global financial crisis. European banks, which struggled during 2014 to 2022 as the ECB kept rates below zero, have had a major boost from hiking their loan costs in line with central bank rates. Analyst forecasts collated by European asset manager Amundi show European banks are expected to grow adjusted earnings per share by 25% this year, followed by a 6% gain in 2024. Generali's Morganti said he has moved his position on European banks from negative to neutral and was likely to add more. He did not forecast quick gains for European banks ahead, however.

Persons: Guy de Blonay, Sebastiano Pirro, Roger Lee, Amundi, LSEG, Michele Morganti, Italy's Unicredit, Banks, Pirro, Generali's Morganti, Naomi Rovnick, Joice Alves, Dhara Ranasinghe, Hugh Lawson Organizations: Reuters Graphics Banks, Jupiter Asset Management, Algebris Investments, European Central Bank, Reuters, ECB, Bank, Generali Investments, Monetary Fund, Thomson

☆ Halloween is candy's biggest holiday. Here's how Snickers maker Mars prepares for trick-or-treaters
▼ + stars: | 2023-10-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

For 11 months of the year, Tim LeBel is Mars Wrigley's president of sales. The National Retail Federation predicts consumers will spend $3.6 billion on Halloween candy this year, up from $3.1 billion last year, even as many shoppers pull back spending elsewhere. Unlike Hershey, family-owned Mars doesn't report its financial results, but disclosed nearly $45 billion in annual revenue in 2021. With the stakes so high for Halloween, Mars starts planning for the holiday two years in advance. "A lot of those things take two years to develop and execute to bring to market," LeBel told CNBC.

Persons: Tim LeBel, Mars, Ferrero, Mondelez, …, Hershey, Michele Buck, LeBel Organizations: Mars, Hershey, National Retail Federation, CNBC

[1/4] A girl holds a ballon at the Jewish synagogue in Larnaca, which is coordinating aid to hundreds of Israelis on the island fleeing violence, Cyprus October 12, 2023. Larnaca, hosting Cyprus's biggest airport, has seen a swell of expatriate Israelis, including reservists, using it as a transit point to get on the next available flight to Tel Aviv. It has also seen an influx from Israel of people who lost their homes, Chief Rabbi Arie Zeev Raskin said. Raskin, who has been in Cyprus for more than 20 years, said there were about 2,500 Israelis in the Larnaca area at present, including traumatised children. An informal network of Israelis were working in every Cypriot city to offer first response aid and accommodation, he said.

Persons: Yiannis, Rabbi Arie Zeev Raskin, Raskin, Michele Kambas, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Larnaca, Cyprus, Israel LARNACA, Israel, Gaza, Tel Aviv, Auschwitz, East, Cypriot

☆ An American physician's assistant on vacation in Israel during Hamas attacks decided to stay and help in a local hospital
▼ + stars: | 2023-10-11 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +2 min

Physician's assistant Michele Freund was on vacation in Israel when Hamas launched surprise attacks. Freund told CBS News she decided to stay and volunteer at a Tel Aviv hospital. AdvertisementAdvertisementMichele Freund, a physician's assistant from New York City, was on vacation in Israel when Hamas militants launched coordinated surprise attacks that killed at least 1,000 people, including at least 22 Americans, and wounded 2,806 others. CBS News reported that the hospital workers must often run and take shelter from incoming rockets fired from Gaza. Hundreds of civilians and military personnel were also taken captive in Hamas' surprise attacks.

Persons: Michele Freund, Freund, —, Gaza —, Joe Biden, Benjamin Netanyahu Organizations: Hamas, CBS News, Service, Israel Defense Forces, United Nations Office, Humanitarian Affairs, CBS Locations: Israel, Tel Aviv, New York City, Hungary, Gaza

☆ What workers on strike need to know about collecting unemployment benefits
▼ + stars: | 2023-10-10 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Massachusetts, Connecticut and Pennsylvania have recently tried to start providing striking workers jobless benefits, too. Here's what else workers on strike should know about unemployment benefits. Workers on strike in the Empire State can typically collect the benefits for as long as 26 weeks. Workers on strike in New Jersey may also qualify for unemployment benefits, and lawmakers recently shortened the waiting time for eligibility there, too, to 14 days, down from 30. Workers in the state can usually collect unemployment benefits for up to 26 weeks.

Persons: Frederic J, Brown, Gavin Newsom, Michele Evermore, haven't, Evermore, Rob Sampson, Johnnie Kallas, Phil Murphy Organizations: Kaiser Permanente, AFP, Getty, The Century Foundation, United Auto Workers, Bloomberg, Republican, Cornell University's School of Industrial and Labor Relations, Labor, New York, Workers, New York State Department of Labor, New, New Jersey Gov Locations: Los Angeles, , New York, New Jersey, California, Massachusetts , Connecticut, Pennsylvania, Wayne , Michigan, Connecticut, New York , New Jersey

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

DUBAI, Oct 9 (Reuters) - The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. The state-owned company also told Reuters it was investing in energy trading, without giving further details. ADNOC has two trading arms, both set up in 2020: ADNOC Trading, which is focused on crude oil, and ADNOC Global Trading, a joint venture with Italy's Eni (ENI.MI) and OMV which is more focused on refined products. Other recent hires include Bart Cornelissen, who left Deloitte to become ADNOC's senior vice president for group strategy and portfolio last month, according to LinkedIn. Recent senior hires for ADNOC's trading arms include alumni of Gunvor, Litasco, Shell and TotalEnergies, the employment network showed.

Persons: ADNOC, Galp, Austria's, Mohammed bin Zayed, headcount, Michele Fiorentino, Baker Hughes, Musabbeh Al Kaabi, Al Kaabi, Bart Cornelissen, Michael Hafner, Hafner, Morgan Stanley, Neil Quilliam, Sultan al, Jaber, John Kerry, Abu, Maha El Dahan, Yousef Saba, Ron Bousso, David Clarke Organizations: United, Abu, Abu Dhabi National Oil Company, Reuters, BP, NewMed Energy, Italy's Eni, UAE, IOC, Aramco, LinkedIn, Mubadala Energy, Deloitte, Greenhill &, Deutsche Bank, UBS, HSBC, Shell, Eni, Gunvor, The, Chatham House, United Nations, Masdar, Thomson Locations: DUBAI, United Arab Emirates, Abu Dhabi, Gulf, Saudi Arabia, Qatar, UAE, Africa, Mozambique, ADNOC, Geneva, London, The UAE, Europe, Sultan, Dubai

☆ ECB policies are taming inflation, but uncertainty persists-Herodotou
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

LIMASSOL, Cyprus, Oct 6 (Reuters) - The ECB's monetary policy transmission is working to tame inflation, though material uncertainty persists in the euro area, ECB policymaker Constantinos Herodotou said on Friday. "The recent increase in energy prices could transmit again to the rest of the economy and have an upward pressure on prices," Herodotou, who is also governor of Cyprus's central bank, told a conference in the city of Limassol. "The liquidity conditions in the euro area banking system is another area to monitor, since it plays a role for transmitting monetary policy and, consequently, affects inflation," he said. The ECB has raised its deposit rate to a record high 4% but has signalled a pause for the months ahead on tentative signs inflation is coming under control. Headline inflation in the 20 countries using the euro eased to 4.3% in September, the lowest pace since October 2021, from 5.2% a month earlier.

Persons: Constantinos Herodotou, Herodotou, Michele Kambas, Alison Williams, Christina Fincher Organizations: ECB, Thomson Locations: LIMASSOL, Cyprus, Cyprus's, Limassol

☆ Australia's central bank sees risks mounting in global markets, China property
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. In an effort to curb surging inflation, the central bank has lifted interest rates to a decade-high of 4.1%, causing widespread financial stress among households where debt levels are at record peaks. "A small, but rising share of borrowers are on the cusp, or in the early stages, of financial stress," the review stated. "A tightening in global financial conditions could transmit to Australia via linkages in funding markets and risk aversion," the review said. Another area of concern was China's property sector where financial stress was proving a drag on the world's second largest economy and Australia's single biggest export market.

Persons: Daniel Munoz, Michele Bullock, Wayne Cole Organizations: Reserve Bank of Australia, REUTERS, Rights, Financial, Thomson Locations: Sydney, Australia, China, U.S, United States, AUSTRALIA

☆ Dengue Will 'Take Off' in Southern Europe, US, Africa This Decade, WHO Scientist Says
▼ + stars: | 2023-10-06 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jennifer RigbyLONDON (Reuters) - Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO's chief scientist said, as warmer temperatures create the conditions for the mosquitoes carrying the infection to spread. Many cases go unrecorded, but in 2022 4.2 million cases were reported worldwide and public health officials have warned that near-record levels of transmission are expected this year. Earlier this week, the WHO recommended Takeda Pharmaceuticals' Qdenga vaccine for children aged 6 to 16 in areas where the infection is a significant public health problem. Qdenga is also approved by the EU regulator, but Takeda withdrew its application in the United States earlier this year, citing data collection issues. Dengue is spread by infected Aedes aegypti mosquitoes, which behave differently to the malaria-carrying kind.

Persons: Jennifer Rigby LONDON, ” Jeremy Farrar, ” Farrar, Farrar, ”, “, Takeda, Jennifer Rigby, Michele Gershberg, Sharon Singleton Organizations: World Health Organization, Reuters, Wellcome, WHO, Takeda Pharmaceuticals, U.S . Food, Drug Administration Locations: United States, Europe, Africa, Asia, Latin America, Bangladesh, Vietnam, Saharan Africa, EU

[1/2] Mosquitoes are seen on stagnant water on the roadside during countrywide dengue infection, in Dhaka, Bangladesh, August 24, 2023. REUTERS/Mohammad Ponir Hossain/File Photo Acquire Licensing RightsCompanies Takeda Pharmaceutical Co Ltd FollowLONDON, Oct 6 (Reuters) - Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO's chief scientist said, as warmer temperatures create the conditions for the mosquitoes carrying the infection to spread. Many cases go unrecorded, but in 2022 4.2 million cases were reported worldwide and public health officials have warned that near-record levels of transmission are expected this year. Qdenga is also approved by the EU regulator, but Takeda withdrew its application in the United States earlier this year, citing data collection issues. Dengue is spread by infected Aedes aegypti mosquitoes, which behave differently to the malaria-carrying kind.

Persons: Mohammad Ponir Hossain, ” Jeremy Farrar, ” Farrar, Farrar, ”, “, Takeda, Jennifer Rigby, Michele Gershberg, Sharon Singleton Organizations: REUTERS, Takeda Pharmaceutical, World Health Organization, Reuters, Wellcome, WHO, Takeda Pharmaceuticals, U.S . Food, Drug Administration, Thomson Locations: Dhaka, Bangladesh, United States, Europe, Africa, Asia, Latin America, Vietnam, Saharan Africa, EU

☆ Investors are having a 'panic attack' about the bond market
▼ + stars: | 2023-10-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.

Persons: Treasurys, Tom Lee, —, that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany

☆ Novo Nordisk's Wegovy bonanza looms large in Denmark
▼ + stars: | 2023-10-05 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

COPENHAGEN, Oct 5 (Reuters) - The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, Novo Nordisk (NOVOb.CO), but also for its home country of Denmark. Interviews with Danish economists, analysts, and executives at the Novo Nordisk Foundation which controls Novo highlight the benefits to the economy from jobs to private wealth - but also the potential pitfalls of relying on a single, outsized company. Record profits for Novo are projected to generate returns for the Foundation of more than $12 billion in coming years. Novo Nordisk added 3,500 jobs in Denmark in 2022, bringing the total in the country to 21,000 employees, out of 59,000 worldwide, a company spokesperson said. Before Wegovy, "we used to be kind of, 'Isn't Denmark the place where Stockholm is the capital?'"

Persons: Danes, Lars Skovgaard Andersen, Lars Christensen, Wegovy, Mads Krogsgaard Thomsen, " Thomsen, Moller, Thomsen, Melinda Gates, Rasmus Kristian Feldthusen, Maggie Fick, Jacob Gronholt, Alexander Smith, Josephine Mason, Michele Gershberg, Catherine Evans Organizations: Novo Nordisk, Novo Nordisk Foundation, Danske Bank, Copenhagen Business School, Novo, Foundation, Reuters, Novo Holdings, Carlsberg, Maersk, U.S, Melinda Gates Foundation, UK's Wellcome Trust, Wegovy, University of Copenhagen, Nokia, Pedersen, Thomson Locations: COPENHAGEN, Denmark, Stockholm, Copenhagen, Danish, Novo, Europe, North America, Asia, OUTGROWING DENMARK, Finland

☆ Why borrowing costs for nearly everything are surging, and what it means for you
▼ + stars: | 2023-10-05 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."

Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic

☆ Driver may have fallen ill before fatal Venice bus crash
▼ + stars: | 2023-10-04 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/6] Flowers are seen at the site where a coach crashed off an overpass in Mestre, Italy, October 4, 2023. Five Ukrainians, a German and the Italian bus driver were among those killed, Venice's prefect Michele Di Bari, the local representative of the interior ministry, said on Wednesday. "We presume the driver may have fallen ill," Veneto regional president Luca Zaia told Rtl 102.5 radio. The bus had been ferrying the tourists back to a campsite in nearby Marghera after a day out in Venice. "I think the driver had an illness, because otherwise I can't explain it," Fiorese said, adding that the driver had started his shift less than two hours before the crash.

Persons: Claudia Greco, Michele Di Bari, Luca Zaia, Di Bari, Volodymyr Zelenskiy, Corriere, Massimo Fiorese, Corriere della Sera, Fiorese, Alvise Armellini, Keith Weir, Bernadette Baum, Gavin Jones, Gareth Jones Organizations: REUTERS, Rtl, Corriere della Sera, Thomson Locations: Mestre, Italy, Venice Italian, VENICE, Venice, Veneto, Croatian, Marghera, Nigeria

VENICE (AP) — Firefighters worked until dawn Wednesday to remove the wreckage of a bus that crashed in a borough of Venice, Italy, across the lagoon from its historic center, killing 21 people and injuring at least 15, mostly foreign tourists returning to a nearby camping site. The shuttle was connecting Piazzale Roma, in Venice's historic center, to the Hu campground in Marghera, another borough of Venice neighbouring Mestre. He was an experienced driver, Venice city councilor Renato Boraso said. I carried a woman out on my shoulders, then a man,” Erheneden told the Venice daily il Gazzettino. In 2017, 16 people on a bus carrying Hungarian students died in an accident near the northern city of Verona.

Persons: — Firefighters, Michele Di Bari, Alberto Rizzotto, Renato Boraso, Erheneden, ” Erheneden, “, ’, Luigi Brugnaro Organizations: VENICE, —, Venice prefecture, Piazzale Roma, Venice Locations: Venice, Italy, Piazzale, Venice's, Marghera, Mestre, Italian, Verona, Avellino

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

☆ 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

☆ 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

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