Italian ceramics billionaire Minozzi acquires 3% stake in Eni
MILAN, May 12 (Reuters) - Italian ceramics billionaire Romano Minozzi has emerged as a relevant shareholder in the Italian energy group Eni with a stake of just over 3%, regulatory filings showed on Monday.
He held 3.095% of the company as of May 5, market regulator Consob said.
Minozzi, one of the founders of multinational group Iris Ceramica, currently serves as president of the privately-owned group.
The entrepreneur, who has a net worth of $1.8 billion according to Forbes, also owns 7.4% of gas grid group Snam (SRG.MI), opens new tab. A 3% stake in Eni is worth 1.2 billion euros ($1.33 billion) at current market prices.
($1 = 0.9008 euros)
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The Sun
21 minutes ago
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I got my hands on Primark's viral £25 Ryanair-approved cabin bag – it ‘fits everything', has wheels & saved me £60
PRIMARK shoppers are raving about a viral cabin bag that's perfect for Ryanair flights. So if you're lucky enough to be jetting on holiday any time soon and don't fancy splashing the cash on hold luggage, then you've come to the right place. 5 5 Thanks to the new pull-along cabin bag from Primark, not only will you travel in style for your next trip, but you'll be able to fit in everything you need whilst saving on hold luggage costs. Hayley Rubery, a young woman from Norfolk, was able to get her hands on the ' viral Ryanair-approved bag' when shopping in a Primark store in Manchester. Thrilled with her purse-friendly find, the content creator who is known online as 'your budgeting bestie', took to social media to give her followers a close-up look at her new purchase. Showing off the bag which she nabbed in black, Hayley beamed: 'Come with me to pick up the £25 viral Ryanair-approved cabin bag from Primark.' Hayley then explained: 'I'm off to Italy next week and refuse to pay £60 extra for a small suitcase, when the flight itself was only £60. 'This little bag is everywhere right now and for good reason - it's the exact size for a Ryanair-approved cabin bag. 'I love that it's got wheels and a handle which will make it so much easier when travelling.' Not only was Hayley able to save £60 on the hold luggage fee thanks to this high-street buy, but she also nabbed herself some cheap packing cubes and travel pouches to keep herself organised. Moments later, Hayley asked: 'I'm going for four nights, do you reckon I can fit everything in here? Challenge accepted.' Once Hayley had arrived home, she began packing the Trolley Cabin Bag, which is available to buy online with the chain's new Click & Collect service, or in stores now, for just £25. Shoppers rush to snap up Primark's 'underseat suitcase' which is perfect for holidays & it also has removable wheels if you need it to be even smaller Not only did she fit in a packing cube full of clothes, but she also added a toiletry bag and her Kindle too. According to Primark bosses, with this cabin bag, you are guaranteed to 'travel in style.' Why is Primark the place to go to for bargains? JUST how does Primark do it? Continue delivering on-trend items at such incredible prices? According to bosses, it's down to four points. They "sell a lot of items" - Thanks to that, they are able to make savings by buying in bulk for their 191 UK stores They "do very little advertising" While their clothes offer the "latest trends", they "don't use expensive hangers, tags or labels". And lastly, they try to be "as efficient as possible when transporting products from factories to stores". This includes things like asking "suppliers to pack our t-shirts so they are ready to go straight on shelf". For more information about how Primark keeps their costs so low, and are able to deliver such amazing bargains, visit the Primark website. There's three designs to choose from - black, leopard print and zebra print. Not only is it 'perfectly sized for essentials', but it also benefits from a large main compartment with a secure zip fastening, as well as an external zipped pocket for extra organisation. Bargain hunters beam Hayley's TikTok clip, which she posted under the username @ hayleyrubery_, has clearly left many open-mouthed, as it has quickly racked up 186,000 views, 2,286 likes and 34 comments. Top Primark summer buys IF you're looking for more Primark summer buys, then you've come to the right place. Shoppers have recently been raving about the new Miffy PJs from Primark. Others were desperate to nab the new leopard print nightwear. If animal print is your thing, you'll want to check out the new maxi skirts. The haltnerneck tops are perfect for summer. If you're on a budget, these trousers are identical to a pair from Zara, but without the hefty price tag. There's brilliant travel essentials for less than £10. And if you plan on heading to the beach, you won't want to miss these crochet bags. One person said: 'I've got that in leopard - fits everything and I've flown Ryanair in it.' Another added: 'I've used it four times in the last two weeks. Fits loads. Never stopped by Ryanair.' A third commented: 'I've got the leopard print one, fits in their box perfectly.' Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club
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2 hours ago
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Bitcoin mining trends in May 2025: Global surge amid innovation
Getting your Trinity Audio player ready... As of May 2025, Bitcoin mining is experiencing a transformative phase driven by technological advancements, regulatory shifts, and evolving economic dynamics. With BTC's price soaring past $110,000, the industry is witnessing a global 'digital gold rush' as nations and companies capitalize on the digital currency's bullish momentum. From Pakistan's bold energy allocation to cutting-edge hardware innovations and shifting profitability landscapes, recent news highlights a rapidly evolving sector navigating opportunities and headwinds. This article explores the key trends shaping Bitcoin mining in May 2025, reflecting a mix of strategic national policies, technological breakthroughs, and market challenges. One of the most significant developments is Pakistan's ambitious move to allocate 2,000 megawatts (MW) of surplus electricity to BTC mining and AI data centers, announced at the BTC Vegas 2025 conference. This initiative, led by the Pakistan Crypto Council and Finance Minister Muhammad Aurangzeb, aims to transform the country's underutilized energy capacity—particularly from coal-fired plants operating at 15% capacity—into a revenue-generating asset. Estimates suggest this could yield 17,000 BTC annually, worth approximately $1.8 billion at current prices. Pakistan's strategy includes creating a national BTC reserve and establishing the Pakistan Digital Assets Authority to regulate the sector, positioning the country as a potential hub for digital currency and high-tech industries. However, the International Monetary Fund (IMF) has raised concerns about this allocation amid Pakistan's energy shortages, highlighting the tension between economic innovation and domestic needs. Technological advancements are also reshaping the mining landscape. Bitmain unveiled the Antminer S23 Hydro at the World Digital Mining Summit, boasting an energy efficiency of 9.7 joules per terahash (J/TH), a significant leap from the 1,200 J/TH of 2013 models. Set for release in Q1 2026, this rig reflects a broader trend toward energy-efficient hardware as miners face tighter margins post the 2024 Bitcoin halving, which slashed block rewards. The focus on efficiency is critical, as rising network hash rates—up 6.7% in April 2025—have driven a 6.6% drop in mining profitability. Miners are increasingly replacing older rigs rather than expanding fleets, aiming to survive squeezed margins in a competitive market where hashprice remains below pre-halving levels of $100/PH/s. Regulatory tailwinds fuel optimism, particularly in the United States, which dominates global BTC mining with over 36% of the hash rate. Pro-crypto policies, including Texas's push for a state-run Bitcoin reserve, create a favorable environment. 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A recent analysis suggests AI data centers could surpass Bitcoin mining in energy consumption by year-end, potentially consuming as much power as a country like the U.K. This has sparked debates about sustainability, with environmental advocates pushing for greener blockchain solutions. However, miners resist abandoning existing hardware investments. Home mining is also making a comeback, driven by falling energy prices in key U.S. states, cheaper ASICs, and regulatory clarity from frameworks like the EU's MiCA. Platforms like BCC Mining have launched mobile apps offering 'free cloud mining' for BTC, Litecoin, and Dogecoin, lowering barriers for retail miners. However, the profitability squeeze and high initial costs remain hurdles for small-scale operations. Market sentiment remains bullish, with analysts predicting BTC could reach $200,000 to $330,000 by year-end, driven by institutional adoption and post-halving scarcity. 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Watch: Bitcoin mining in 2025: Is it still worth it? title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
