Latest news with #non
Los Angeles Times
a day ago
- Politics
- Los Angeles Times
Italy's referendum on citizenship and job protections fails on low turnout
ROME — Italy 's referendums aimed at relaxing citizenship laws and improving job protections failed on Monday due to low turnout, partial data showed. It was a clear defeat for the center-left opposition and a victory for Prime Minister Giorgia Meloni and the ruling right-wing coalition, who openly supported abstaining from voting. Official data from almost 90% of polling stations showed that turnout hovered around 30% of eligible voters after two days of voting, well below the 50% plus one required to make the vote valid. Meloni's far-right Brothers of Italy party celebrated the referendum's failure. 'The only real goal of this referendum was to bring down the Meloni government,' the party said on social media, posting a picture of the main opposition's leaders. 'In the end, it was the Italians who brought you down.' Maurizio Landini, leader of the CGIL trade union that was behind the initiative, acknowledged the defeat. 'We knew it wouldn't be a walk in the park,' he said. 'There is an obvious crisis of democracy and participation.' The proposals wanted to make it easier for children born in Italy to foreigners to obtain citizenship, and provide more job protections. Campaigners for the change in the citizenship law said it would help second-generation Italians born in the country to non- European Union parents better integrate into a culture they already see as theirs. The new rules, if passed, would have affected about 2.5 million foreign nationals who still struggle to be recognized as citizens. Campaigners said the proposed reforms also would have allowed faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. Activists and opposition parties denounced the lack of public debate on the measures, accusing the governing coalition of having tried to dampen interest in sensitive issues that directly impact immigrants and workers. In May, Italy's AGCOM communications authority lodged a complaint against RAI state television and other broadcasters over a lack of adequate and balanced coverage. Opinion polls published in mid-May showed that only 46% of Italians were aware of the issues driving the referendums. 'Many believe that the referendum institution should be reviewed in light of the high levels of abstention (that) emerged in recent elections and the turnout threshold should be lowered,' said Lorenzo Pregliasco, political analyst and pollster at YouTrend. Zampano writes for the Associated Press.
Arab Times
a day ago
- Politics
- Arab Times
Italians head to polls in referendum on citizenship and labor
ROME, June 9, (AP): Italians headed to the polls Monday on the second and final day of referendums that would make it easier for children born in Italy to foreigners to obtain citizenship, and on providing more job protections. But partial data showed a low turnout, well below the required 50% plus one threshold, risking to invalidate the vote. Campaigners for the change in the citizenship law say it will help second-generation Italians born in the country to non- European Union parents better integrate into a culture they already see as theirs. Partial data from Italy's Interior Ministry published at 2100 GMT on Sunday showed that national turnout stood at 22.7%, just over half of the 41% registered at the same time of the day in the latest comparable referendum held in 2011. The polling stations close later Monday at 1300 GMT. The new rules, if passed, could affect about 2.5 million foreign nationals who still struggle to be recognized as citizens. The measures were proposed by Italy's main union and left-wing opposition parties. Premier Giorgia Meloni showed up at the polls on Sunday evening but didn't cast a ballot - an action widely criticized by the left as antidemocratic, since it won't contribute to reaching the necessary threshold to make the vote valid. "While some members of her ruling coalition have openly called for abstention, Meloni has opted for a more subtle approach," said analyst Wolfango Piccoli of the Teneo consultancy based in London. 'It's yet another example of her trademark fence-sitting.'' Supporters say this reform would bring Italy's citizenship law in line with many other European countries, promoting greater social integration for long-term residents. It would also allow faster access to civil and political rights, such as the right to vote, eligibility for public employment and freedom of movement within the EU. "The real drama is that neither people who will vote 'yes' nor those who intend to vote 'no' or abstain have an idea of what (an) ordeal children born from foreigners have to face in this country to obtain a residence permit,' said Selam Tesfaye, an activist and campaigner with the Milan-based human rights group Il Cantiere.
Daily Record
5 days ago
- Sport
- Daily Record
Russell Martin is another Rangers loser as Hotline hands Celtic the Treble already with panic button untouched
As predicted, Rangers ' new manager brings all the Bhoys to the Hotline yard. Russell Martin is the man tasked with getting Gers closer to their dominant rivals after five years of watching their rivals lift trophy after very recently. Battling Brendan Rodgers at the top of the table will be the bare minimum expected from Martin, although judging by the initial reaction, hopes are not high amongst the Ibrox faithful. emailed: "What a joke us making Russell Martin as manager. We might as well just give Celtic the Treble just now. Who at rangers thought it was a good idea to bring him to Rangers after he just got Southampton relegated and they just sacked him 5 or 6 months ago? So some idiot at Rangers said lets make him our next manager so we will. What a joke new owners are allowing this to happen." Lewis Fotheringham, Mount Ellen, said: "While I will give Russell Martin a chance as our sorry Head Coach, it is not exactly the type of appointment I had in mind. I felt we needed a high-profile manager to counter what Celtic has with Brendan Rodgers. Instead, we have got an inexperienced coach that has had mixed success in England. It seems like the club has gone for the cheap option again." Peter Cooperwhite added: "Now that it's confirmed Russell Martin is new Rangers manager, definitely not a first choice for me to be honest. I hope Thelwell has done a lot of thinking on this one. "Lets all get behind him give him a chance. His recruitment will be judged closely as we need at least six good players who will hit the ground right away as Europe qualifiers are getting closer. I hope his style of play is what Rangers need to achieve trophies." George McLeish wanted the "Rangers men" kept on. He emailed: Why are Rangers looking at another failure to be the next manager? Another non Scot who has won nothing in England and was sacked as a failure? "We had a team of Rangers die hards who should have been given at least a year's contract to try and get players who have Rangers blood in them. The board have hired another loser again. I have supported Rangers for over 60 years and have never seen such a board of directors over the the last 10 years as this lot, all they care about is the money , and wearing the Rangers tie. We need Rangers people in, not losers." And it seems Celtic fans are as giddy at Martin's arrival as their blue counterparts are scunnered. Mark McManus, Purley, emailed: "So Rangers have got their man. Serial winner Russell Martin joins the 49ers billion dollar club. I thought someone like Mourinho was to be next up. "No disrespect but are the owners saving their money to buy up top quality players like Modric, Vardy etc al. Regular Rangers fans on here, Flett, Lowe et al must be rubbing their hands in glee at how their club will be transformed next season ready for the quadruple cups." Stephen Mulhern, Dumbarton, predicts the same ofd banners will be out at Ibrox before long. He said: "Rangers bringing in a manager who achieved one solitary win out of seventeen in the premier league won't have Brendan Rodgers hitting the panic button. "My guess they never got their Hollywood candidate was that the predicted war chest of transfer funds wasn't sufficient. Lose the first Glasgow derby and the time for change banners will be quickly reintroduced." Kenny Wilson, Moffat, added: "With Rangers now getting their new manager, who let's be honest has an abysmal record, do they still think Celtic are petrified of them ? I like many fellow fans won't be having many sleepless nights over the summer. All the hype about a big name coming and that's who they get. The comedy roadshow continues." Andy Logan Livingston, wonders who else was interviewed if Martin was the outstanding choice. He emailed: "So Rangers didn't get Jurgen Klopp as was mentioned in here, a real upgrade though in a manager with a win rate of less than 40% in lower leagues in England. The outstanding candidate? Who else was interviewed other passengers in that taxi??"
Yahoo
29-05-2025
- Business
- Yahoo
Ryanair to raise air fares after lower ticket prices hit profits
Ryanair has said air fares will head back up this summer after a year of lower fares saw the budget airline's profits fall 16%. Europe's biggest airline carried just over 200 million passengers in 2024-25 with ticket prices down 7% to fill its planes, after a dispute halted bookings from some online agents, reducing full-year profits to €1.6bn (£1.4bn). However, it expects fares to rise by about 5%-6% in 2025's peak season, and Easter already brought a leap of 15% in the first quarter. Related: Ryanair's £79 membership scheme takes off – but Which? says 'think twice' Michael O'Leary, the airline's chief executive, said full-year results were 'very good in the context of last year, where we had the row with the OTAs [online travel agents] and fares fell 7% – it's a remarkably robust set of numbers'. He said that the airline had made about €8 per passenger, with costs growing exactly in line with passenger numbers, claiming: 'The cost gap between us and all of our competitors is getting wider.' Ryanair is paying out about €400m in dividends this year. O'Leary said profits would rise and be buoyed up by lower jet fuel prices. O'Leary said the airline group could divert upcoming Boeing deliveries to the UK rather than its main European airline to avoid tariffs, if necessary. Ryanair is its biggest customer in Europe but deliveries of the 737 Max 8 model have been delayed, after fraught years of problems at the US plane manufacturer. He said of Boeing's 'situation on the ground has significantly improved', but Ryanair awaits 29 more aircraft for next summer's schedule which could be delivered this autumn and 'that could run the risk of running into tariffs again'. O'Leary said that he believed Donald Trump was 'trying to walk his way back from the tariffs as best he can' with Europe, but added: 'We have fixed-price contracts with Boeing – tariffs will be an issue for Boeing's account, not for ours, but we will work with Boeing to try to find ways around them. 'The trade deal between the US and the UK looks like it won't apply tariffs on commercial aircraft – we have the option with Boeing of taking those deliveries on to a UK register, rather than a European register, bypassing any tariff risk.' He said the delays had left Ryanair 'a little bit cash rich at the moment' and 'surplus cash will return to shareholders', and a €750m share buy-back would start next week. Keir Starmer's reset with Europe would be positive for Ryanair, O'Leary said, especially regarding passport e-gates and a possible youth mobility scheme: 'Anything that reduces friction between the UK and Europe, we will be all in favour of – particularly some of the really stupid stuff, like passengers arriving in Europe going through the non European channels.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
23-05-2025
- Business
- Associated Press
Imperial Petroleum Inc. Reports First Quarter 2025 Financial and Operating Results
ATHENS, Greece, May 23, 2025 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP; the 'Company'), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS First Quarter 2025 Results: 1 EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below. Fleet Employment Table As of May 23, 2025, the profile and deployment of our fleet is the following: CEO Harry Vafias Commented Another year commenced with a positive momentum for Imperial Petroleum. We are happy as we consider the $11.3 million of net income generated in Q1 25' a very good result given the eventful but softish market. This is a busy period for our Company but at the same time exciting as we are taking on delivery of another six drybulk vessels. Within the short life of Imperial Petroleum, we are expanding our fleet from four vessels to nineteen by the second quarter of 2025; our goal of growing fast and transforming a small company to medium sized was achieved. We feel confident that the diversified quality non- Chinese fleet we have created will pay off. Imperial Petroleum enjoys fast growth, recurring profits, zero bank debt and liquidity as of March 31, 2025 in excess of $220 million and as per our view ticks all the boxes that define a successful operation. Conference Call details: On May 23, 2025 at 10:00 am ET, the company's management will host a conference call to discuss the results and the company's operations and outlook. Online Registration: Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call. Slides and audio webcast: There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website ( Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About IMPERIAL PETROLEUM INC. IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of thirteen vessels on the water - seven M.R. product tankers, two suezmax tankers and four handysize drybulk carriers - with a total capacity of 807,000 deadweight tons (dwt), and has contracted to acquire an additional six drybulk carriers of 387,000 dwt aggregate capacity. Following these deliveries, the Company's fleet will count a total of 19 vessels with an aggregate capacity of 1.2 million dwt. IMPERIAL PETROLEUM INC.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols 'IMPP' and 'IMPPP,' respectively. Forward-Looking Statements Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, changes in IMPERIAL PETROLEUM INC's operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflicts in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission. Fleet List and Fleet Deployment For information on our fleet and further information: Visit our website at Company Contact: Fenia Sakellaris IMPERIAL PETROLEUM INC. E-mail: [email protected] Fleet Data: The following key indicators highlight the Company's operating performance during the three month periods ended March 31, 2024 and 2025. 1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period. 2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys. 3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys. 4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days, and is determined by dividing voyage days by fleet calendar days for the relevant period. 5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period. 6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period. 7) Fleet operational utilization is the percentage of time that our vessels generated revenue, and is determined by dividing voyage days excluding idle days by fleet calendar days for the relevant period. Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS: Adjusted net income represents net income before share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation and share based compensation. Adjusted EPS represents Adjusted net income attributable to common shareholders divided by the weighted average number of shares. EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance. Imperial Petroleum Inc. Unaudited Consolidated Statements of Income (Expressed in United States Dollars, except for number of shares) Imperial Petroleum Inc. Unaudited Consolidated Balance Sheets (Expressed in United States Dollars) Imperial Petroleum Inc. Unaudited Consolidated Statements of Cash Flows (Expressed in United States Dollars
