Italy

French digital payments company Worldline on Friday said gas roadworks accidentally harmed its network connection to its data centres in Italy, disrupting services for consumers that have yet to be resolved. The issues took place in the middle of the busy Black Friday shopping season, leading Italian company group Fipe-Confcommercio to reveal strong concern. Worldline's payment services have been interrupted because Thursday early morning, primarily in Italy however likewise in other markets, the business said on Friday. The setup of gas pipes by local authorities badly damaged our supplier's cables and network, the business stated. In an updated statement released...

Pirelli stated on Wednesday that Italy's Prime Minister's Workplace opened an administrative treatment against its biggest investor, China's Sinochem, for a possible breach of provisions Rome imposed to protect the tyremaker's autonomy. Italy's conservative federal government last year used its Golden. Power legislation, aimed at safeguarding assets deemed strategic. for the nation, to restrict the influence of state-owned Sinochem. on Pirelli. Under the procedure, Rome set requirements including a. obligatory competent bulk for strategic choices made by. Pirelli's board and ruled that the business should not be subject. to directions from the Chinese group. Pirelli said on Wednesday the administrative...

OPEC+ oil supply cuts and recent efforts to unwind them have increased volatility in energy markets and hampered financial investment in brand-new production, the CEO of Italian energy business Eni stated on Monday. Speaking at an industry occasion in Abu Dhabi, Claudio Descalzi said he expected high volatility in the energy markets experienced in recent years to extend into 2025. 8 members of OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies settled on Sunday to postpone a prepared December oil output increase by one month due to weak demand in China and rising...

Nigeria took a significant step in its quest to earn revenue from its large gas reserves, signing a. handle joint venture partners to provide gas to a proposed. $ 3.5 billion Brass fertilizer and petrochemical plant, an. official stated on Friday. Under the agreement, joint venture partners including Shell. , TotalEnergies and Eni will deliver. an approximated 270 million standard cubic feet of gas daily to. the plant in Brass, in Nigeria's coastal Bayelsa state. Petroleum Ministry Permanent Secretary Nicholas Agbo Ella. stated the Gas Sale and Purchase Arrangement is a part of the Brass. Fertilizer and Petrochemical Job, which...

An Italian court sentenced on Tuesday 2 Milan district attorneys to 8 months in jail for failing to file documents that would have supported energy group Eni's position in a worldwide corruption case. Eni, Shell, and all the defendants were nonetheless acquitted by a court in Milan in March 2021 in what became referred to as the market's most significant corruption case, which focused on the $1.3 billion acquisition of a Nigerian oilfield a years earlier. Judges in a court in the northern city of Brescia ruled that Milan district attorneys Fabio De Pasquale and Sergio Spadaro had a. legal...

The Norwegian federal government proposed on Monday to provide to 35 billion Norwegian crowns ($ 3.29 billion) in aid payments in the nation's very first commercial floating wind power tender, in line with a compromise reached earlier this year. Norway has enormous capacity for drifting offshore wind on its continental rack, however because the technology is still immature and expensive, government assistance is needed to accelerate development, energy minister Terje Aasland stated. The anticipated cost of structure drifting wind farms has skyrocketed compared to earlier projections as inflation hit turbine makers and other suppliers, leading developers to look for considerable...

Eni might pocket more than 8 billion euros ($ 8.7 billion) in net profits from disposals by 2027, CEO Claudio Descalzi stated on Friday after the Italian energy group reported secondquarter outcomes ahead of agreement. We have been performing our disposal plan much faster than anticipated, Descalzi stated, speaking with analysts on a. post-result teleconference. In its updated company strategy to 2027, the group stated it. intended to gather around 4 billion euros from the sale of oil and. gas assets and a similar quantity from minority stake sales and. initial public offerings of its low-carbon systems. The potential customers...

Angola's new Cabinda crude oil refinery is on track to launch later this year before ramping up to full first phase production of 30,000 barrels a day by July next year, the plant's President Marcelo Hofke said on Thursday. With nearly two-thirds of the building completed, Cabinda is the most innovative of 3 new planned refineries, together with an Eni-supported plant in Luanda being upgraded, that Sub-Saharan Africa's second-biggest oil manufacturer is leaning on to cut imported refined products for domestic use. The concept is to begin commissioning by the end of this year ... and we want to reach...

The following are the leading stories in the Financial Times. has actually not confirmed these stories and does not guarantee their precision. Headings - KKR in talks to purchase a stake of as much as 25% in Eni's biofuel business - Informa nears offer to purchase Cannes Lions owner Ascential for more than 1.1 bln pounds - FCA takes push for $700mn BlueCrest Capital redress strategy to Court of Appeal - BBC prepares 500 task cuts in push for more expense savings - Meta warns EU regulative efforts run the risk of bloc losing out on AI advances Introduction -...

Italy plans to start the sale of the Acciaierie d'Italia (ADI) steelworks this month, its market minister stated on Tuesday, following initial expressions of interest received from some worldwide players. The ADI organization was formerly referred to as Ilva. Its primary plant in the southern city of Taranto is among the largest in Europe and is a significant employer in Italy's under-developed south. Sale procedures are likely to start at the end of this month, Industry Minister Adolfo Urso informed reporters on the sidelines of an event in Rome. Indian groups Vulcan Green Steel and Steel Mont, Ukraine's. Metinvest and...

Plenitude, the retail and eco-friendly organization of Italian energy company Eni, is all set to list on the Milan bourse as soon as market conditions allow it, its Chief Executive Stefano Goberti said on Wednesday. Eni needed to freeze Plenitude's initial public offering ( IPO) in 2022 due to the energy crisis set off by Russia's. intrusion of Ukraine. After that, Eni participated in talks with investors and signed a. offer last December with Energy Infrastructure Partners (EIP). under which the Swiss fund got 7.6% of the company through a. reserved capital increase. The offer does not imply that Plenitude....

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** U.S. oil and gas manufacturer Matador Resources said it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91. billion money deal for an unit of Ameredev II Moms And Dad ** SPAR Group, South Africa's second-biggest. grocery group, has actually discovered a buyer for its loss-making Polish. company and anticipates cost savings and IT system enhancements. will improve profitability moving forward, it said on Wednesday ** Riot Platforms stated Bitfarms' transfer to embrace a. poison...

Europe's STOXX 600 opened on a soft note on the final day of an unstable week, with financiers assessing France's political uncertainty and awaiting euro zone inflation data to see if a larger European Reserve bank rate cut is on the cards for December. The pan-European main stock index was flat at 0815 GMT, bracing for its 5th weekly decline in six. The index was still on track for a modest month-to-month gain in three, even though the possibility of Europe being a U.S. tariff target and France's political problems have actually dampened investor belief towards the bloc, to name...

The Italian parliament on Thursday approved a bill to change town planning laws to resolve a building stalemate in Italy's financial capital Milan triggered by lots of investigations by district attorneys. The costs, dubbed Conserve Milan, was submitted by the judgment centre-right majority with the recommendation of the main centre-left opposition PD celebration. Following the clearance in the lower house, it still needs to be authorized by the Senate. Milan had actually been on a roll since 2015, when the Exposition global exhibition assisted to change the city into a hot area for developers. Ever since, it has actually attracted...

New automobile sales in Europe were flat in October, after succumbing to 2 consecutive months, market data revealed on Thursday, while the shift to totally electric or hybrid models picked up speed in the month. An uptick in overall sales in Spain and Germany, of 7.2% and 6% respectively, balance out a contraction in France, Italy and Britain, the European Car Manufacturers Association ( ACEA) stated. WHY IT'S IMPORTANT European automakers are battling with weak demand, high production expenses, and managing the shift to EVs, while attempting to fend off competition from China. BY THE NUMBERS The variety of new...

India's imports of steel over the period from April to September were led by shipments from China, according to provisional government information evaluated by Reuters on Friday, and the South Asian country stayed an internet importer of the alloy. The world's second-biggest manufacturer of unrefined steel imported 4.7 million metric lots of the ended up metal from April to September, up 42.2% from a year ago, the information revealed. China exported 1.4 million metric lots of steel to India throughout the duration, up 36.7% from a year back. Hot-rolled coil was India's most significant import, comprising 44% of general completed...

India's Tata Steel signed a. agreement with Italybased Tenova on Friday for an electric arc. furnace at its Port Talbot plant in Wales, weeks after Britain's. most significant steelworks ended blast furnacebased production. The closure of the last blast heating system at Port Talbot, when. the largest steel operates in Europe, was the conclusion of. decades of decrease in Britain's steel industry, which has. had a hard time to compete with inexpensive imports. The plan was for the Tata Steel-owned site to be based on. a 3 to four-year-long decarbonisation strategy to build an. electric arc heating system which will...

storyp1> MARANELLO, Italy, Oct 17 (Reuters) Ferrari RACE.MI on Thursday unveiled its brand-new limited edition supercar, which incorporates features from Stamina motor competitions and Formula 1 and has already offered out despite its 3.6 million euro ($3.9 million) base cost. The hybrid butterfly-door F80 is a highlight in Ferrari's model roll-out technique aimed at keeping its rich consumers engaged, as it prepares to introduce its first and so far highly secretive purely electrical cars and truck at the end of next year. The F80 is the cars and truck which raises the bar of our range, Chief Marketing and Commercial...

Shares in Moncler and LVMH were sharply greater in early trading on Friday after the owner of Louis Vuitton and Moet & & Chandon champagne invested in the Italian outerwear specialist, in a deal which will provide it a seat on the board. Under the deal announced late on Thursday, LVMH acquired a. 10% stake in Double R, the financial investment lorry managed by the. CEO's Ruffini Partecipazioni Holding, which presently has actually a. 15.8% stake in Moncler. Moncler shares, which had fallen 6.5% up until now this year, were. up as high as 10% in morning trading, set for...

Emphasizes of the 6th day at the U.S. Open at Flushing Meadows on Saturday (times GMT): 1941 SINNER BEATS O'CONNELL World primary Jannik Sinner continued his mission for a second Grand Slam title with a 6-1 6-4 6-2 victory over Australian Christopher O'Connell in front of a jam-packed Arthur Ashe Stadium, where 23-times Grand Slam champ Serena Williams was amongst the cheering crowd. 1902 DRAPER INTO FOURTH ROUND Britain's Jack Draper dispatched unseeded Botic van de Zandschulp, who knocked out Carlos Alcaraz in the 2nd round, 6-3 6-4 6-2 to reach the last 16. Draper will next deal with Czech...

Archaeologists in the ancient Roman city of Pompeii have found the remains of two more victims of the volcanic eruption nearly 2,000 years back, the site said on Monday. The skeleton of a male and a woman were found in a small, makeshift bed room in a rental property which was being reorganized when the eruption struck, the Pompeii archeological website said in a. statement. The lady was lying on a bed with gold, silver and bronze. coins around her, along with jewelry consisting of gold and pearl. earrings. The man lay at the foot of the bed. The once-thriving...

Italy's taekwondo champ Vito Dell Aquila bowed out to firsttime Olympian Gashim Magomedov in the males's flyweight semifinals at the Paris Games on Wednesday, blaming injury for his poor performance. Azerbaijan's Magomedov, who ranked 5th in flyweight in the world champions of 2022 and 2019, quickly beat the Tokyo gold medallist Dell Aquila 9-4 11-1. Magomedov is the only professional athlete representing his country at the 2024 Olympics. I wish to state alhamdulillah (appreciation be to God), dreams come true, Magomedov, the only Azerbaijani in the taekwondo, informed Reuters after the match. I remain in (the) finals, included Russia-born Magomedov,...

Italy's taekwondo champion Vito Dell Aquila acquiesced Azerbaijan's firsttime Olympian Gashim Magomedov in the semifinals of the guys's flyweight in Paris on Wednesday, as he stated an injury sapped his efficiency. Lesser-known Magomedov, who ranked fifth in flyweight worldwide championships of 2022 and 2019, quickly beat Olympic gold medallist Dell Aquila 9-4 11-1, topping the 2nd round with a string of kicks to the body. Magomedov is the only professional athlete representing his country in taekwondo at the 2024 Olympics. I wish to state alhamdulillah (appreciation to god), dreams become a reality, Magomedov informed Reuters after the match. I remain...

Brazilian miner Vale is confident it will manage to meet the leading end of its outlook for iron ore production in 2024, which stands between 310 million and 320 million metric tons, president Eduardo Bartolomeo stated on Friday. His remarks come after Vale's net earnings tripled in the second quarter from a year earlier, with iron ore sales up 7% in the duration, and as the company attempts to soothe market concerns about need from top consumer China. Bartolomeo, who will leave his function at the end of this year, said the business is making development in the stability of...