Latest news with #AlbertoBrambilla
Bloomberg
21-07-2025
- Climate
- Bloomberg
Heat Wave Scorching Italy and Greece Tests Grids, Sparks Alerts
By , Paul Tugwell, and Alberto Brambilla Save Blistering heat is sweeping across southeast Europe this week, triggering weather alerts and stressing power grids. A high-pressure system is feeding in a stream of hot air from North Africa, where temperatures in Tunisia are forecast to reach 47C (117F) on Monday. Southern Italy faces high wildfire risks, while highs in Sicily are expected to hit 43C. The Italian island set Europe's current temperature record of 48.8C in 2021.
Mint
24-06-2025
- Business
- Mint
Oil Majors Cut Back Iraq Personnel as Mideast Tensions Rise
(Bloomberg) -- BP Plc, TotalEnergies SE and Eni SpA have reduced staff at oil fields in Iraq as a precaution, as tensions escalate in the region. The temporary move by the three European oil majors has not impacted production, according to a statement from the Basrah Oil Co., the state-owned oil and gas operator in the area. The companies work on some of Iraq's largest production assets. The staff drawdown underscores how quickly regional instability can impact global energy supply chains even when direct threats to production are not imminent. Iraq, OPEC's second-largest producer after Saudi Arabia, was pumping about 4.1 million barrels of oil per day as of May, according to data compiled by Bloomberg. 'As a precautionary measure, BP has made the decision to relocate some staff from Iraq,' a company spokesperson said in an emailed statement. Earlier Monday, Eni said it had reduced staff at Iraq's Zubair oil field 'as a precautionary measure.' Total declined to comment. BP manages the giant Rumaila field, one of the world's biggest, jointly with Iraq and PetroChina Co. The evacuation has not affected the production process, with Iraqi personnel fully managing the operations and monitoring assets in cooperation with remote operators, according to Basrah Oil Co. Chinese companies managing fields in southern Iraq have not evacuated staff and 'work continues smoothly,' Basrah Oil Co. said. Russian firm Lukoil's personnel levels in Iraq are also unchanged. --With assistance from Alberto Brambilla and Francois de Beaupuy. (Updates with BP comment in the fourth paragraph.) More stories like this are available on
Bloomberg
18-04-2025
- Business
- Bloomberg
Italy Clears UniCredit Takeover Bid on Banco BPM With Conditions
By , Alessandra Migliaccio, and Alberto Brambilla Save The Italian government will allow UniCredit SpA 's takeover bid for Banco BPM SpA to go ahead with some conditions, people familiar with the matter said. Following an in-depth review, Prime Minister Giorgia Meloni's cabinet decided Friday not to use its veto powers on the €13 billion ($14.8 billion) acquisition provided UniCredit complies with specific prescriptions, the people said without disclosing additional details.
Bloomberg
25-03-2025
- Business
- Bloomberg
Pirelli Board Looks to Reduce Chinese Owner Sinochem's Stake
By and Alberto Brambilla Save Pirelli & C. SpA may push main investor Sinochem to cut its stake in the Italian tiremaker as its board of directors looks to distance the company from China. The Pirelli board will meet Wednesday to discuss Chinese conglomerate Sinochem's 37% shareholding, following a request by Italian regulators, according to people familiar with the matter, who asked not to be named discussing a private matter.
