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EU’s Gentiloni says Italy on track to meet reform timetable

ROME (Reuters) – Italy is sticking to the reform timetable required to access almost 200 billion euros ($210.6 billion) of European Union funding, European Economics Commissioner Paolo Gentiloni said on Sunday. The new government of Prime Minister Giorgia Meloni must meet another 25 targets by the end of the year to receive the next tranche …

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Investors eye Portuguese golden visas as authorities ponder programme’s end

By Catarina Demony LISBON (Reuters) – Investments through Portugal’s “golden visa”, which gives wealthy foreigners residence rights, jumped nearly 50% last month, data showed on Sunday, as the government considers whether to scrap the controversial scheme. The golden visa has been heavily criticised at home for sending house prices and rents up, and the European …

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Putin, Erdogan discussed regional gas hub in Turkey -agencies cite Kremlin

MOSCOW (Reuters) – Russian President Vladimir Putin and his Turkish counterpart Tayyip Erdogan discussed their two countries’ joint energy projects, especially in the gas sector, in a phone call on Sunday, Russian news agencies cited the Kremlin as saying. The two leaders exchanged opinions on the creation of a regional gas hub in Turkey, the …

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Europe is simply switching gas dependency from Russia to U.S.-RIA cites Kremlin

MOSCOW (Reuters) – Europe is simply switching from dependency on Russian gas to dependency on liquefied natural gas (LNG) from the United States, the RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying on Sunday. European Union countries held emergency negotiations on Saturday as they attempt to line up a deal to cap prices …

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Australia’s Telstra suffers privacy breach, 132,000 customers impacted

SYDNEY (Reuters) – Australia’s largest telecoms firm Telstra Corp Ltd said on Sunday that 132,000 customers were impacted by an internal error that led to disclosure of customer details. Telstra, which has 18.8 million customer accounts equivalent to three-quarters of Australia’s population, said an internal review found the details were made publicly available due to …

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EU at odds over gas price cap as 12 countries criticise latest proposal

By Kate Abnett BRUSSELS (Reuters) -A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to “significantly” lower a planned European Union cap on gas prices, as the bloc struggles to strike a deal on the measure. Gas prices in Europe have soared this year after Russia slashed gas deliveries following its …

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FTX founder Bankman-Fried to testify before U.S. House panel

By Mehnaz Yasmin and Kanishka Singh WASHINGTON (Reuters) -FTX’s Sam Bankman-Fried is set to testify before a U.S. House committee on Tuesday, the cryptocurrency exchange’s founder and the congressional panel said on Friday, as regulators investigate his role in the wake of its collapse. The chair of the House of Representatives Committee on Financial Services, …

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