Eni working with JP Morgan to sell minority stake in power unit – sources

MILAN -Italian energy group Eni is working with JP Morgan to sell a minority stake in its power generation unit Enipower to help it fund its shift to a low-carbon business, sources said. Non-binding bids are expected in two to three weeks, one of the sources said, adding the group was looking to sell a stake of around 40%. The second source said infrastructure and investment funds had expressed an interest in the deal but…

"Eni working with JP Morgan to sell minority stake in power unit – sources"

England eases COVID-19 rules for international travellers

LONDON – England set out measures to boost international travel on Friday, abandoning expensive COVID-19 testing requirements for fully vaccinated travellers, scrapping its traffic light system and adding eight countries to its safe list. Travellers returning to England from Turkey, Pakistan, and the Maldives will not have to quarantine on their return as they are removed from the so-called COVID red list for travel, British transport minister Grant Shapps said. Shapps also said under the…

"England eases COVID-19 rules for international travellers"

Italy govt sees “fairly rapid” solution for Monte dei Paschi – industry minister

SIENA, Italy – Italy’s government expects to find a solution to help ailing bailed-out lender Monte dei Paschi di Siena in “fairly rapid” time, Industry Minister Giancarlo Giorgetti said on the sidelines of an event in Siena. UniCredit, Italy’s second-largest bank, in July entered into exclusive talks with the Treasury to evaluate buying “selected parts” of Monte dei Paschi (MPS), which is 64% owned by the state following a 2017 bailout. Asked about alternatives for…

"Italy govt sees “fairly rapid” solution for Monte dei Paschi – industry minister"

Tennis – Reviewing U.S. Open final win felt like watching someone else – Raducanu

LONDON – U.S. Open champion Emma Raducanu on Friday said that re-watching her stunning victory in this month’s final felt like watching someone else, adding that her achievement had started to sink in but it was still difficult to fully comprehend. The 18-year-old Briton took the tennis world by storm when she beat Canada’s Leylah Fernandez, 19, in straight sets last weekend to become the first qualifier in the men’s and women’s game ever to…

"Tennis – Reviewing U.S. Open final win felt like watching someone else – Raducanu"

World Bank has a shareholder-engagement problem

LONDON ( Breakingviews) – Economic heft often equates to political clout. But pandering too much to big powers can have negative repercussions, as the World Bank is discovering. The multilateral lender’s leaders, including then-Chief Executive Kristalina Georgieva, in 2017 applied pressure on staff to boost China’s ranking in a report on the ease of doing business, according to an independent investigation published on Thursday. Georgieva, now head of the International Monetary Fund, said she disagreed…

"World Bank has a shareholder-engagement problem"

Trial over COVID-19 outbreak in Austria’s ‘Ibiza of the Alps’ begins

VIENNA – A trial opened in Vienna on Friday over an outbreak of the coronavirus at the ski resort of Ischgl in early 2020 in which Austrian authorities stand accused of responding too slowly, possibly due to pressure from the tourist sector. The outbreak at Ischgl was Austria’s biggest and helped spread the virus across Europe. Hundreds of Austrians were infected and thousands of foreign tourists say they were too as the virus found a…

"Trial over COVID-19 outbreak in Austria’s ‘Ibiza of the Alps’ begins"

U.S. House Speaker Pelosi cautions Britain over Northern Irish peace deal

LONDON – U.S. House of Representatives Speaker Nancy Pelosi cautioned Britain on Friday that if the Northern Irish peace deal was destroyed then there would be no post-Brexit trade deal with the United States. The United States has expressed grave concern that a row between London and Brussels over the implementation of the 2020 Brexit treaty could undermine the Good Friday accord, which effectively ended three decades of violence. “If there is destruction of the…

"U.S. House Speaker Pelosi cautions Britain over Northern Irish peace deal"

BNP Paribas Fortis sells 2% stake in Euronext

PARIS – BNP Paribas Fortis said on Friday it sold a 2% stake in pan-European financial markets operator Euronext for 220 million euros ($259.09 million). The Belgian bank sold 2.2 million Euronext shares at 101 euros each in an accelerated book-build offering to institutional investors, the statement said. The sale price represents a discount of around 4% to Thursday’s closing price of 105.30 euros. By 0900 GMT, Euronext shares were down by around 2.8%, underperforming…

"BNP Paribas Fortis sells 2% stake in Euronext"

Extreme heat ravages Greece’s mussel harvest

THERMAIC GULF, Greece – Fisherman Stefanos Sougioultzis cracks open the mussels he cultivated in Greece’s Aegean Sea only to find scores of empty shells. After a summer of scorching heat and warming waters, it was “as if they boiled in their own environment”, he says. “Twenty-five years in mussel farming, we did not expect – we could not imagine – this,” Sougioultzis said aboard his boat in the Thermaic Gulf near Thessaloniki in northern Greece,…

"Extreme heat ravages Greece’s mussel harvest"