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Northeast Italy - Top Headlines & Latest Trends

Italy could pay as much as 17 billion euros to wind down Veneto banks: minister

Italy could pay as much as 17 billion euros to wind down Veneto banks: minister

2017-06-25 19:00:31, channelnewsasia.com

ROME/MILAN: The Italian state will pay 5.2 billion euros (US$5.8 billion) to wind down two ailing Veneto-based banks and transfer their good assets to Intesa Sanpaolo , but the final cost for the state could rise to up to 17 billion euros. Explaining the deal in a press conference on Sunday, Economy Minister Pier Carlo Padoan said that on top of the 5

 

Politics & Government

US allies determined to sidestep Trump on climate

US allies determined to sidestep Trump on climate

2017-06-12 15:32:11, channelnewsasia.com

BOLOGNA, Italy: France said Monday (Jun 12) that the global fight against climate change was irreversible and could even be accelerated, despite Donald Trump's decision to pull the United States out of the Paris accord on carbon emissions. Joining other G7 environment chiefs at talks in Italy, French minister Nicolas Hulot said US allies were determined not to let Trump's controversial climate stance "poison" cooperation on other ecological issues, and said the world could work around the US position, even though it is a damaging one

 

Sports

Baseball Italian League: Bologna torna leader solitario. Padova riparte

Baseball Italian League: Bologna torna leader solitario. Padova riparte

2017-06-18 11:02:51, gazzetta.it

Una battuta di Carlos Perdomo, decisivo con un fuoricampo a Parma. Lauro Bassani. Bologna torna solitario in testa alla classifica del massimo campionato, mettendo insieme due shutout con 27 punti contro il fanalino Sesto Fiorentino, in una giornata che ha fatto registrare tre pareggi tra le altre sei formazioni, compreso quello tra San Marino e Novara che, dopo aver vinto gara-1, s’è arresa al tue-break in gara-2

 

Business

Italy to start winding down Veneto banks Saturday after EU green-light

Italy to start winding down Veneto banks Saturday after EU green-light

2017-06-23 23:40:20, reuters.com

MILAN/FRANKFURT The European Commission on Friday gave preliminary approval for an Italian plan to wind down two ailing Veneto-based regional lenders with state money in a move that may allow Rome to solve its latest banking crisis on its own terms. Italy plans to start liquidation proceedings for Banca Popolare di Vicenza and Veneto Banca on Saturday, a source close to the matter said, issuing an emergency decree that will effectively remove one its biggest banking headaches by splitting the two lenders' assets into "good" and "bad" banks

 

Society & Culture

WATCH: Gambian drowns in Italy, as onlookers film, laugh, make racist comments (GRAPHIC)

WATCH: Gambian drowns in Italy, as onlookers film, laugh, make racist comments (GRAPHIC)

2017-01-27 11:57:29, news24.com

Cape Town – Footage of a Gambian man drowning in Italy while onlookers watch, jeer, film and racially insult him, has gone viral on social media. According to Independent UK, an investigation has since been opened after the African refugee drowned in Venice's Great Canal, as onlookers watched from nearby boats and filmed him with their phones. Footage shows Pateh Sabally, 22, waving in the middle of the canal. Heartless

 

Travel & Recreation

Venice bans new hotels as crackdown on tourism continues

Venice bans new hotels as crackdown on tourism continues

2017-06-13 14:06:01, independent.ie

The proposed ban is the latest in a series of measures aimed at curbing runaway tourism in the iconic Italian city, where the few remaining locals feel increasingly marginalised. Massimiliano De Martin, Venice’s councillor for urban planning, submitted the plan to the mayor’s office and described the measure as essential “for the protection of the city”. He told local reporters that hotels were increasingly taking over residential buildings in the city, pushing locals out and “running the risk of impoverishing the city’s social fabric”

 

Motoring

Fast cars, slow food on tour of Italy's car country

Fast cars, slow food on tour of Italy's car country

2017-05-30 14:44:40, latimes.com

Get behind the wheel of Italy’s luxury vehicles on Zicasso’s 10-day tour of Emilia-Romagna’s “Motor Valley.” Highlights includes Modena, home to Maserati and Pagani; Bologna, home to Lamborghini and Ducati motorbikes; and Maranello, home to Ferrari. Participants will tour the factories and museums of the five brands; experience a Maserati, Lamborghini and Ferrari on private drives and on a race track; and test their skill as a Formula 1 pit crew member during a simulation

 

Science & Nature

France to close some nuclear reactors, says ecology minister Hulot

France to close some nuclear reactors, says ecology minister Hulot

2017-06-12 14:34:55, reuters.com

BOLOGNA, Italy French environment and energy minister Nicolas Hulot said on Monday that the government plans to close some nuclear reactors of state-controlled utility EDF to reduce nuclear's share of the country's power mix. He gave no indication of timing. Hulot told reporters at the G7 environment summit in the Italian city of Bologna that it was too early to give numbers about France's aim to reduce the share of nuclear in its power generation to 50 percent from the current 75 percent

 

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