Word: italianity
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...private equity investment groups, including U.S.-based Carlyle Group, which announced last week that it has raised about $2.2 billion to spend on European acquisitions. Such firms accounted for more than 10% of European deals in 2004 and are big players this year; rival groups are currently bidding for Italian telecommunications firm Wind. The other trend: cross-border mergers are increasingly becoming...
Daily reports from the scene in Vatican City The New Bishop of Rome Ratzinger Gets a Cold Top 10 Papal Candidates The Conclave's Length Cardinals Do Lunch Chasing Italian Cardinals Reading the Silence The Return of Cardinal...
...death. Dried-up paint tubes and brushes are strewn about, and his unfinished oil-on-canvas copy of Michelangelo's masterpiece The Doni Tondo is displayed on his easel. Sunlight streams through the skylights, illuminating De Chirico's library of art and philosophy books and his collection of traditional Italian good-luck charms. De Chirico's modern twist on the classical is a fresh and re-energizing dose of Roman art. Reservations must be made in advance. tel: (39-06) 679 6546; www.fondazionedechirico.it
...Manufacturers and unions alike are howling for protection. Adrià Serra, president of Spain's textile trade group Consejo Intertextil Espa?ol, says unless urgent action is taken, the import flood will spell "a disaster." Mario Maselli, owner of Emmetex, a textile producer in the Italian town of Prato, complains that "this is ever more a market where one side battles with two hands and the other has one hand tied behind its back...
...member state, as it was then, but one of the richest. Britain is set to take over the rotating six-month E.U. presidency in July, so optimists are hoping that current president, Luxembourg, can craft a workable compromise before then. Don't hold your breath. Cross-Border Bank Raid Italian banks are suddenly under assault from European rivals. ABN Amro of the Netherlands is expected to announce a bid for Banca Antoniana Popolare Veneta, Italy's ninth-largest bank, as early as this week. That follows this month's €6.5 billion bid by Spain's Banco Bilbao Vizcaya Argentaria...