Thursday, Apr 25 2024 | Time 07:09 Hrs(IST)
image
World


Real estate relic is painful reminder of Italy's bad debts

By Stefano Bernabei and Isla Binnie
ROME, Apr 29 (Reuters) An unfinished hotel and empty swimming pool sit sadly on the lush hillside of Pitigliano in Tuscany, where they should have welcomed the holidaymakers who flock to central Italy.
But the Tosteto spa sits even more heavily on the balance sheet of Banca Monte dei Paschi di Siena, which lent 11 million euros to the developer before declaring him in default eight years ago, and is still trying to recoup some of this cash.
More News

Amazon fined 10 mln euros in Italy for alleged unfair commercial practices

24 Apr 2024 | 10:15 PM

Rome, April 24 (UNI) The Italian Competition Authority (ICA) announced on Wednesday that it had fined two subordinate companies of Amazon group 10 million euros (10.7 million U.S. dollars) for alleged unfair commercial practices.

see more..

Sell TikTok or face ban: US Senate tells Chinese owner

24 Apr 2024 | 5:48 PM

Washington, April 24 (UNI) The US Senate gave its nod to a bill that could see TikTok banned in America over national security fears, news reports said Wednesday. The bill will soon be with US President Joe Biden, who has vowed to sign as soon as it reaches his desk.

see more..

China expands lunar partnerships, preps for Shenzhou-18

24 Apr 2024 | 2:50 PM

Beijing, April 24 (UNI) China's National Space Administration (CNSA) announced new partnerships for the International Lunar Research Station (ILRS) during the Space Day of China in Wuhan. Nicaragua, the Asia-Pacific Space Cooperation Organisation, and the Arab Union for Astronomy and Space Sciences joined the project.

see more..

Building collapse kills 7 in Ethiopian capital

24 Apr 2024 | 2:16 PM

Addis Ababa, April 24 (UNI) Seven people died in a residential building collapse in Addis Ababa, capital of Ethiopia, local media reported Wednesday.

see more..

Australia: Police arrest 7 teens in counter-terrorism raids after Sydney church stabbing

24 Apr 2024 | 2:10 PM

Canberra, April 24 (UNI) Seven juveniles were arrested across Sydney in a joint counter-terrorism operation on Wednesday, after the stabbing of a religious leader in a Wakeley church last week.

see more..
image