Tag: Italy

How Cristiano Ronaldo has dated the world’s hottest women – from Kim Kardashian to Irina Shayk before meeting Georgina

BEFORE Cristiano Ronaldo settled down with Georgina Rodriguez, he had a reputation as a ladies’ man. The 35-year-old Juventus star was linked to a …

How Cristiano Ronaldo has dated the world’s hottest women – from Kim Kardashian to Irina Shayk before meeting Georgina

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

How Cristiano Ronaldo has dated the world’s hottest women – from Kim Kardashian to Irina Shayk before meeting Georgina

BEFORE Cristiano Ronaldo settled down with Georgina Rodriguez, he had a reputation as a ladies’ man. The 35-year-old Juventus star was linked to a …

How Cristiano Ronaldo has dated the world’s hottest women – from Kim Kardashian to Irina Shayk before meeting Georgina

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

Italy starts to look ahead to ‘phase two’ as COVID-19 death toll slows

MILAN — Italy reported its lowest daily COVID-19 death toll for more than two weeks on Sunday as authorities began to look ahead to a second phase …

Italy starts to look ahead to ‘phase two’ as COVID-19 death toll slows

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

Italy sees jump in coronavirus cases to 6,820 as 743 new victims are added to death toll despite recent decline

ITALY’S coronavirus death toll has soared by 743 in a single day to 6,820 – just as the country hoped it had turned the corner. The total number of …

Italy sees jump in coronavirus cases to 6,820 as 743 new victims are added to death toll despite recent decline

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

European Business News / EuropeanBiz – Latest European Economic News After Coronavirus Impact…

Europe’s economy was meant to have a decent year in 2020. Factory production in the 19-country eurozone rose strongly in January, after a tentative truce in the US-China trade war. Consumer confidence was strong. Housebuilders’ order books were full.

The stage was set for a solid, albeit unspectacular year. The European economy would see “steady and moderate growth”, predicted the European commission’s economic forecast on 13 February. It also warned of clouds on the horizon, including a new virus. Noting mounting concern about coronavirus, as well as “downside” risks, the Brussels forecast concluded the outbreak would peak in the first three months of the year, with “relatively limited global spillovers”.

That was then. One month later the global economy is heading for recession, markets have taken a hammering, investors are panicking. Across the continent, shops, restaurants and bars are shuttered, supply chains frozen, football matches cancelled, theatres, cinemas and hairdressers closed. The pan-European Stoxx 600 index had its worst-ever day on Thursday, plunging 11.5%, after a blunt message from the European Central Bank president, Christine Lagarde, that it was the job of governments – not the ECB – to protect indebted countries.

The head of the European commission, Ursula von der Leyen, described the pandemic as “a major shock” to Europe’s economies, as she promised a €37bn (£33bn) fund to handle the fallout.

Attention is turning to eurozone finance ministers, who will meet on Monday, after the ECB disappointed markets by declining to cut interest rates as part of a stimulus package announced last week.

Having fumbled the eurozone debt crisis, can EU leaders now protect their economies from the worst pandemic in more than 100 years?

Italy, the hardest-hit country in Europe, is heading for rocky times. “Italy has gone through many crises, unfortunately,” said Lorenzo Codogno, a visiting professor at the London School of Economics. “The problem is that, coming from all these crises in the past, the Italian government is weak right now and the public finances situation is even more fragile, so it’s particularly dangerous.”

He is forecasting a 3.1% slump in economic output in 2020, or even 6.5% in a worst-case scenario – “given how the situation is unfolding, [the latter] might become the baseline scenario pretty soon”. The Italian government, which has said it is ready to spend €25bn to protect its economy from the fallout, has chided other Europeans for “beggar-thy-neighbour” policies, such as Germany’s export ban on surgical masks.

Italy’s banks are in a healthier position than 2011, when they were creaking under bad loans, but things could still turn nasty. To avoid a return to the “doom loop” – where potential bank failure risks the bankruptcy of the state – Codogno is advocating support for Italy in the form of an EU precautionary credit line.

Disinfection in process outside the Centrale railway station in Milan.

Disinfection in process outside the Centrale train station in Milan. Photograph: Claudio Furlan/AP

In France, the next-worst-affected European country, the government is warning of “severe” consequences for the economy. The outbreak is another blow, after a wave of strikes in 2019 chipped away at economic growth. France’s central bank has cut its growth forecast for the first quarter to 0.1%, down from a previous estimate of 0.3%, warning of a “severe but temporary” slowdown.

Germany is not as badly affected by the virus as Italy or France, but its export-led economy was the first to feel the chill of China’s slowdown. A survey for the ifo Institut last week revealed that 56% of German companies had reported “negative effects”, with a 44% slump in demand and 52% of manufacturers saying they were experiencing difficulties with supply. In response to the pressure on the economy, the chancellor, Angela Merkel, even suggested that she was ready to reverse the rule of maintaining a balanced budget – the black zero or schwarze Null – that has proved an unbreakable political orthodoxy for the government in recent years.

Speaking before the German government announced “unlimited” credit to keep companies afloat, the influential president of the ifo, Clemens Fuest, said that Berlin was “moving in the right direction”. He supports a temporary relaxation of the schwarze Null, noting that the black zero was a very good policy in good times, but it shouldn’t stand in the way of taking decisive measures”.

The German economist thinks EU measures need to be similarly targeted and “we have not reached that point” of needing precautionary credit lines for indebted countries.

The coronavirus fallout is likely to be uneven. “The producers of toilet paper don’t have a recession at all, and the restaurants and hotels have a very deep one,” said Christian Odendahl, chief economist at the Centre for European Reform, based in Berlin. Manufacturers, he said, have more hope of a “V-shaped” recovery – that is, an economic bounce-back as rapid as the descent – because they will benefit from pent-up demand.

Odendahl observed: “If you want to buy glasses now but you can’t because of supply chain disruptions, you will do so later, whereas a restaurant or a trip you just have to cancel.” For that reason, he thinks Germany could see a more rapid rebound compared with countries more reliant on tourism, such as Spain.

An opera is performed to an empty auditorium in Berlin, where all theatres are closed.

An opera is performed to an empty auditorium in Berlin, where all theatres are closed. Photograph: Peter Adamik/AP

But that should not stop European policymakers from taking “bold” action, Odendahl said. All companies “need liquidity help to make sure they survive this long pause of economic activity intact”. He also wants to see a European approach to help indebted countries: “If there was a time for risk-sharing, then this would be it. This is a situation where there is no moral hazard.” Here he is referring to the debate that raged during the eurozone debt crisis, when creditor countries declined to pool risk for fear of “rewarding” debtors.

Mário Centeno, the head of the Eurogroup – made up of the finance ministers of the eurozone – said that his members would come up with “a very large policy response” to address the crisis – greater than the €27bn Lagarde suggested was needed. Centeno expects ministers to agree fiscal measures that will ensure liquidity for companies, support unemployment benefits and help reduce hours for workers.

But it is not clear whether these measures add up to the “massive” economic stimulus plan that France is looking for – a measure EU leaders failed to agree to on a telephone conference summit last week.

Pascal Canfin, a French MEP and ally of President Emmanuel Macron, has called for a “European stimulus package” to be announced by the EU leaders’ summit at the end of this month (26-27 March). Canfin, who chairs the European parliament’s environment and public health committee, argues that this package must be aligned with the European Green Deal, a plan to transform the economy to meet the demands of the climate emergency.

In addition to using flexibilities in EU budget rules, the MEP said that a European stimulus package agreed on 27 March “would be a real answer to the problem right on the scale and right on the time”. It would “make sure the green deal is alive”, with spending to promote electric vehicles and energy-efficient housing.

But some EU countries think it’s premature to discuss this kind of stimulus. The European commission’s vice-president in charge of the economy, Valdis Dombrovskis, has sounded a cautious note: “In current circumstances, I wouldn’t be talking so much about fiscal stimulus, rather about crisis response.”

For more on this Guardian Article please click the link.

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Museum Director Is Working 18H A Day To Bring Art Online Amid COVID-19 Lockdown



Image via Claudio Divizia / Shutterstock.com

As museums in Italy stay closed to contain the novel coronavirus, one museum director is using the free time not to rest, but to open exhibitions and collections online.

Carolyn Christov-Bakergiev, the director of the Castello di Rivoli near Turin, is working 18-hour days to digitize the exhibits at the contemporary art museum, and has now launched a virtual venue called Digital Cosmos.

Aside from enjoying artworks, visitors of the digital showcase will be treated to tours recorded and edited by the museum’s organizers.

The institution is also working on online tours for children and their parents to help them spend their time at home productively, as all schools in Italy are currently closed.

As to why she thinks it’s important to open the venue now, Christov-Bakargiev told Artnet News that it is the museum’s “public duty” to help ease “people’s state of mind.”

Enjoy the Digital Cosmos collection by clicking the card below.

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• DIGITAL COSMOS • A new screen-based venue to expand visitors experience beyond physicality . Marianna Simnett, Mother, 2007, video, courtesy @mariannasimnett . Visit Digital Cosmos [https://bit.ly/2Ts6pai] #castellodirivoli #turin #piedmont #digitalcosmos #digitalart #mariannasimnett

A post shared by Official profile (@castellodirivoli) on Mar 10, 2020 at 5:48am PDT

[via Artnet News, images via various sources] http://www.designtaxi.com/news/408999/Museum-Director-Is-Working-18H-A-Day-To-Bring-Art-Online-Amid-COVID-19-Lockdown/

Coronavirus: Several football games in Italy called off after second death

Coronavirus: Several football games in Italy called off after second death –

A number of football matches in Italy have been postponed over fears of the spread of coronavirus.

A woman from the northern region of Lombardy is the second person in Italy to die from the virus in the past 24 hours.

Cremonese’s Serie B match against Ascoli and Piacenza v Sambenedettese in Serie C are among those postponed.

Serie D matches and a number of amateur and youth games in the Lombardy and Veneto regions are also called off.

The Cremonese squad had already travelled to Ascoli’s Cino e Lillo Del Duca Stadium in the central Marche region of the country before being informed that the game had been postponed.

— Read on www.google.co.uk/amp/s/www.bbc.co.uk/sport/amp/football/51596258

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

Six Nations RESULTS: France see off Wales to keep Grand Slam hopes alive, Scotland cruise to victory against minnows Italy

Six Nations RESULTS: France see off Wales to keep Grand Slam hopes alive, Scotland cruise to victory against minnows Italy

Shaun Edwards was given a Cardiff return to remember as France stayed on course for a Six Nations Grand Slam as they got the better of Wales with a 27-23 win.

Former Wales defence coach Edwards, who is now performing the same role with France, looked on as his team ran in tries from full-back Anthony Bouthier, lock Paul Willemse and fly-half Romain Ntamack.France are looking more and more like Grand Slam winnersNtamack added three conversions and two penalties for a 17-point haul, with Les Bleus claiming a first win on Welsh soil since 2010.And it proved richly deserved despite Wales clawing back to one point behind early in the second period through prop Dillon Lewis’ first try for his country and fly-half Dan Biggar touching down late on.

Biggar booted two conversions and three penalties, collecting 18 points, yet Wales could have few complaints after falling to a second successive defeat under new head coach Wayne Pivac.The reigning Six Nations champions suffered a first home reversal in the tournament since England toppled them three years ago.

They now have to pick themselves up for a Twickenham appointment with England in two weeks’ time, while resurgent France will complete a Six Nations clean sweep if they see off Scotland at Murrayfield, followed by Ireland in Paris.France looked like they were going to run away with things but Wales stayed in touch with a late fightbackScotland cruised to a straightforward 17-0 victory over Italy to claim their first victory of the 2020 Six Nations campaign.Scotland had failed to score in either of their opening defeats to Ireland and England, but Stuart Hogg – guilty of horror spills in both those losses – made amends after 23 minutes with a brilliant individual solo try as he darted 50 yards to score in the corner.

Scotland celebrate their first victoryTomasso Allan then fired a penalty against the post as Italy wasted a late chance just before the break to trim Scotland’s 5-0 lead.The visitors got their second score on 47 minutes as Chris Harris squeezed over as Italy’s brave resistance gave way after 17 phases of sheer Scottish grunt.Italy had to play out the final stages a man light after Federico Zani was sin-binned for a tip-tackle on Grant Gilchrist.

— Read on talksport.com/sport/rugby-union/673016/six-nations-results-france-wales-grand-slam-scotland-italy/

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me

Six cases of coronavirus in Italy’s Lombardy region – official

Six cases of coronavirus in Italy’s Lombardy region – official

Six cases of coronavirus in Italy’s Lombardy region – official

— Read on nationalpost.com/pmn/health-pmn/six-cases-of-coronavirus-in-italys-lombardy-region-official

Business and Sports News from Mike Armstrong – See http://mikearmstrong.me