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Visit One News Page for Italy news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Italy news headlines.

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  • 12/19/18--08:38: EU, Italy reach budget deal
  •  -More-  Reported by SmartBrief 3 hours ago.

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    German Finance Minister Olaf Scholz on Wednesday welcomed an agreement reached between Italy and the European Commission to resolve their lingering dispute over Rome's budget plans. Reported by Reuters 3 hours ago.

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    The European markets ended Wednesday's session with modest gains. Traders were in an upbeat mood after Italy's Economy Ministry announced Tuesday that an informal agreement had been made with the European Commission over its budget plan. Reported by RTTNews 2 hours ago.

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    "Interior Minister and Deputy Premier Matteo Salvini said that Italy would not vote the EU budget as it stands," Italian news agency ANSA reported on Wednesday.

    According to ANSA, "As it stands, with cuts to agriculture and fishing funds, it will not get our vote. With the spotlight out on the Italian budget, the chapter of the European budget opens," Salvini said. Reported by FXstreet.com 2 hours ago.

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    · *European markets were making a come back on Wednesday ahead of the anticipated FOMC with hopes the central bank offer some dovish salve to volatile markets. *
    · *In Frankfurt, the DAX added 0.24% to 10,766.21,+25.32 points.*

    The Federal Reserve is widely expected to hike rates, there is still a 30% chance that the Fed will hold off, and many have been calling for them to do so, including President Donald Trump who again urged the Fed Tuesday to hold off on hiking rates. Closer to home, Italy said it reached a budget-deficit deal with the European Union late Tuesday, a deal that the union reportedly confirmed Wednesday. The agreement would let the Italian government sidestep any disciplinary measures by the EU which added to positive sentiment and trade optimism after Treasury Secretary Steven Mnuchin said the U.S. and China will meet in January to try to broker a cease-in the ongoing trade dispute, in an interview with Bloomberg on Tuesday.

    *Best and worst*

    The leaders in the index were Fresenius SE & Co KGAA O.N. climbing by 4.17% or 1.710 points to close at 42.710. Meanwhile, Wirecard AG put on 2.64% or 3.500 points to close at 135.950 and Deutsche Boerse AG climbed 1.99% or 2.050 points to 104.850. The worst performers were Deutsche Post AG NA O.N., falling 4.16% or 1.050 points to trade at 24.220 while Bayer AG NA fell 2.81% or 1.78 points to end at 61.63. Deutsche Bank AG NA O.N. dropped 1.49% or 0.114 points to 7.530.

    *DAX levels*

    · Support levels: 10676 10605 10522
    · Resistance levels: 10831 10914 10958

    The DAX remains consolidating on the weekly sticks after that steep drop at the end of the month from the 11500's with indecisive price action at this juncture, submerged by bearish moving averages. The technical indicators remain horizontal within this bearish territory. MACD is less bearish on the daily and 4hr outlook as price oscillates around the pivot of 10787, albeit upside attempts remain capped by the recent Dec forming descending channel's resistance leaving little scope for a test of R1 at this juncture until breached.  Reported by FXstreet.com 51 minutes ago.

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    LIVE SCORES: All the goals as they go in Follow games in the UK, Spain, Italy, Germany, France and beyond with Goal's extensive match coverage! Reported by Goal.com 1 day ago.

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    · *GBP/USD dropped to new one-week low versus euro on the Italy vibe which was a **drag on** cable, trading between 1.2641-1.2679, but today's FOMC has sent the dollar a touch higher on a relatively benign outcome for markets, much in line with expectations.*
    · *Below 1.2477 targets the 78.6% retracement at 1.2109.*

    The FOMC's decision was unanimous, hiking rates by 25 basis points to 2.25% - 2.50%, repeating in the statement that risks to the economy appear 'roughly balanced' and will "continue to monitor economic and financial conditions for their effects on the economic outlook."

    · *Federal Reserve's FOMC statement - Dec. 19 - full text*
    · *FOMC raises the target for fed funds rate by 25bp to 2.25% - 2.5%*

    However, there is a slight bid in the greenback as the Fed forecast two hikes in 2019 which is still above where the market was priced, and they continue to forecast gradual rate hikes - There was also a boost to growth forecasts while inflation forecasts were unchanged - (DXY rallied from 96.61 to a high of 96.96).

    *GDP forecasts:*

    · 2018 3.0% vs 3.1%
    · 2019 2.3% vs 2.5% prior
    · 2020 2.0% vs 1.8% prior

    *Inflation:*

    · 2018 1.9% vs 2.0% prior
    · 2019 2.0 vs 2.1% prior
    · 2020 2.0% vs 2.1% prior

    Ahead of the FOMC announcement, the agreement between Rome and Brussels on Italy’s budget deficit helped to support risk assets while dovish expectations from the FOMC helped to encourage risk appetite, (the FTSE 100 was up 1.0% at the close). As for domestic data, the UK November CPI was in line with expectations at 2.3% y/y with core rising 1.8% y/y. Headline inflation dropped to its lowest level in 20 months, dented by a sharp fall in oil prices. Core inflation is stable just below target despite firmer wage growth. "There is nothing in the data to suggest the BoE will need to raise interest rates in the near future," analysts at ANZ Bank argued.

    As for other US data, US current account deficit was in line with expectations in Q3 at USD124.8bn (2.4% of GDP), up from USD101.2bn (2% of GDP) in Q2 while existing home sales rose 1.9% m/m, versus expectations of a 0.4% drop.

    *GBP/USD levels*

    Analysts at Commerzbank explained that GBP/USD’s recent move to 1.2479/77 was not confirmed by the daily RSI: "While rallies remain capped by the 20-day ma at 1.2706 we will regard the market as vulnerable on the downside. Below 1.2477 targets the 78.6% retracement at 1.2109. Above the 20 day ma lies the 1.2840 current December high but while capped by the resistance line at 1.2928 it will remain offered."  Reported by FXstreet.com 1 day ago.

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    Italy’s deal with the European Union to defuse its simmering budget dispute is adding to concerns about the country’s real economic problem: a lack of growth. Reported by Wall Street Journal 15 hours ago.

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    The American Foundation of Savoy Orders, Incorporated (Savoy Foundation) celebrated its 25th Anniversary at the annual Ballo di Savoia (Savoy Ball) on Saturday, December 8, 2018 in New York City. Guests of honor, H.R.H. Prince Emmanuel Philibert of Savoy and H.R.H. Prince Dimitri of Yugoslavia, together with 350 patrons, benefactors and guests, raised funds to provide aid to philanthropic causes in the fields of health care, social assistance, U.S. Veterans' programs, global emergency relief to victims of natural disasters and cultural and education programs.

    NEW YORK (PRWEB) December 19, 2018

    On Saturday evening, December 8, 2018, friends of the American Foundation of Savoy Orders gathered to celebrate the Foundation’s twenty-fifth anniversary at its annual white-tie charity event, the Ballo di Savoia(Savoy Ball). The Savoy Foundation was delighted to welcome back His Royal Highness Prince Emmanuel Philibert of Savoy, Prince of Venice and his cousin His Royal Highness Prince Dimitri of Yugoslavia, who were guests of honor for this occasion. The Ball was part of a four-day weekend of events organized by the American Delegation of Savoy Orders and the Savoy Foundation, continuing the spirit and tradition of charitable giving and hospitaller care of the historic dynastic orders of knighthood and merit of the thousand-year Royal House of Savoy. Every year the Savoy Foundation raises critical revenue through Gala ticket sales, program advertisements, sponsorships and contributions for its various philanthropic initiatives.

    The festive evening included an elegant reception, a beautifully presented gourmet dinner, Viennese dessert stations, music, dancing, and ball gifts. The Ball is the Savoy Foundation’s largest fundraiser and helps provide the resources needed to continue its year-round mission of assisting disabled war veterans, emergency relief aid, educational initiatives, scholarship programs and other charitable initiatives. Prior to Saturday’s evening Gala, a private reception at the home of Cristina and Marco Grassi for the Patrons and Benefactors was held on Thursday evening and a Welcome Reception on Friday evening, December 7 at the Lotos Club for guests attending the Savoy Ball.

    The Savoy Ball of New York, marking the 25th anniversary of the Savoy Foundation, was a sold-out event with 350 supporters. The white-tie gala soirée was hosted by the American Foundation of Savoy Orders, Incorporated and was under the patronage of Their Royal Highnesses Prince Victor Emmanuel and Princess Marina of Savoy. Prince Victor Emmanuel is the son and Prince Emmanuel Philibert is a grandson of the last King of Italy, Umberto II. Prince Victor Emmanuel is also the Grand Master of the Dynastic Orders of the Royal House of Savoy. Prince Dimitri is the son of Prince Alexander of Yugoslavia and his first wife, Princess Maria Pia of Savoy, the eldest daughter of King Umberto II of Italy.

    The Savoy Foundation is supported by 200 knights and dames in the United States and Canada who are members of the American Delegation of Savoy Orders, which is part of the historic dynastic and chivalric Orders of the thousand year Royal House of Savoy, which united Italy as a kingdom between 1861 and 1871. The Savoy Foundation, whose mission is to serve “the poor and the sick,” raises funds for humanitarian projects. The ball benefited the charitable initiatives of the Foundation.

    Due in large part to funds raised at the Gala, the Savoy Foundation is able to continue to support humanitarian projects, including a children's causes, veterans programs, disaster relief for earthquake and flood victims and scholarships for college students. During his speech, Prince Emmanuel Philibert said: “I am grateful to all the members of the American Delegation of Savoy Orders and their guests this evening, for your effort in supporting the charitable causes of the Savoy Orders that will benefit from the funds raised tonight for the various charitable grants that the Foundation provides. The fact that you are by your generosity so effectively supporting charitable works in your community and throughout the world, gives me great happiness, since these excellent endeavors are being carried out in the name and traditions of the Royal House of Savoy. The Savoy Ball of New York continues a thousand-year tradition of goodwill and charitable giving through its Patrons, Benefactors and Sponsors.”

    Chairman of the Board Carl J. Morelli and Ball Chair Joseph Sciame opened the evening by thanking the many supporters and sponsors of the Gala. Guests included: Platinum Sponsors: The Japanese Delegation of the Savoy Orders, headed by Vice Delegate Dr. Hideto Tomabechi ; Gold Sponsors: Mr. and Mrs. F. Anthony Naccarato; Silver Sponsors: Mr. and Mrs. Vincent Pica II; Grand Patrons: Mr. and Mrs. Daniel J. McClory , Patrons: Ms. Vivian Cardia, Mr. and Mrs. Frank J. Desiderio, Esq., Mr. and Mrs. Mark Pigott and Mr. and Mrs. George C. White; Benefactors: Louis Benza, Esq., Dr. Raymond Benza, Dr. and Mrs. William J. Caccese, Baroness Flavia Frati-Spagnola, Mr. Michael Ricatto, Mr. and Mrs. James Losi, Mr. and Mrs. Thomas Pecora and Mr. and Mrs. Anthony Viscogliosi. Other guests included Reverend Monsignor Robert T. Ritchie, Rector of the Cathedral of Saint Patrick, Mrs.Christina Rose and Baroness Gabrielle von Langendorff. Sponsors included Dr. Timothy DeZastro, Fra' John T. Dunlap and Mr. and Mrs. Marco Grassi.

    International guests included Diane Habig Bertolotto, Mrs. Carole Bellidora Westfall, The Hon. David Yurdiga MP of Canada, the Canadian Delegation of Savoy Orders, Mr. Jean Tamenne and his wife Yurie Hatanaka of Monaco and the Japanese Delegation of the Savoy Orders, headed by Vice Delegate Dr. Hideto Tomabechi.

    Next year’s ball is scheduled for Saturday, December 14, 2019 in New York City.

    About The American Foundation of Savoy Orders, Incorporated
    The American Foundation of Savoy Orders, Incorporated, a U.S. charitable 501(c) (3) organization, is a NGO in Roster Consultative Status with the Economic and Social Council of the United Nations. It has three endowments: charitable causes, educational programs and an operating fund. Its Savoy Orders Pigott Scholarship was established to provide financial aid to students in the humanities and international studies. Annual grants are also made to educational programs, hospice care facilities, orphanages and programs supporting disabled veterans. (http://www.prweb.com/releases/2017/02/prweb14075469.htm)

    In order to raise funds for the support of its activities, the Savoy Foundation sponsors a winter event, Savoy Ball of New York (Ballo di Savoia), a spring event, Festa della Primavera in New York City and the Notte di Savoia Los Angeles on the West Coast. It also confers an annual Chivalry Award, which honors individuals whose humanitarian work, public service and exemplary conduct have contributed significantly to the betterment of the community and world. Its goal is to bring public recognition to individuals whose principles, values, civil conduct and humanitarian accomplishments provide inspiration to current and future generations. http://www.prweb.com/releases/2017/05/prweb14364352.htm

    Members of the Italian Royal Family, headed by His Royal Highness Prince Victor Emmanuel of Savoy, actively support, attend and lend their names through formal patronage of these Savoy Foundation events.

    About The American Delegation of Savoy Orders
    The American Delegation of Savoy Orders, which includes the United States of America and Canada, is a part of the Dynastic Orders of the Royal House of Savoy, among the oldest orders of chivalry in the world. The Savoy Orders are headquartered in Geneva, Switzerland and have 35 Delegations worldwide that support the ongoing charitable works of these ancient Dynastic Orders of Knighthood and Merit. Their origins and their principles, traditions and humanitarian goals date back a thousand years. HRH Prince Victor Emmanuel, Prince of Naples and Duke of Savoy, is Head of the House of Savoy and Grand Master of the Savoy Orders, He is the great, great grandson of King Victor Emmanuel II, Italy’s first reigning sovereign, who united the nation of Italy under his rule between 1861 and 1870. The Prince’s father, King Umberto II, was Italy’s last reigning sovereign. He died in 1983.

    For more information, please visit http://www.savoia.org.
    Contact:
    The American Foundation of Savoy Orders, Incorporated
    100 Park Avenue Suite 1653
    New York, NY 10017
    212-972-0495
    Email: amsavoy(at)aol(dot)com
    website: http://www.savoia.org Reported by PRWeb 23 hours ago.

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    Italy’s Deputy Prime Minister Luigi Di Maio was reported by Reuters, as saying that he did not see “clouds in the horizon” for the government, made up of his 5-Star Movement and the League. 

    Di Maio added: “A team that wins will not be changed.”

    Further, he noted that the government would now continue with its reform program and that it would start working, in January, on cutting up to 345 members of parliament in order to reduce costs. Reported by FXstreet.com 12 hours ago.

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    *   •  The post-FOMC USD bounce turned out to be short-lived and helped regain traction.
       •  The latest optimism over Italy’s budget compromise further underpinned the EUR.
       •  Technical buying above 55-day SMA is likely to fuel the ongoing positive momentum.*

    The EUR/USD pair finally broke out of its Asian session consolidation phase and surged back above the 1.1400 handle, moving within striking distance of 1-1/2 week tops set in the previous session.

    With few hawkish surprises from the latest FOMC statement/economic projections, the overnight US Dollar rebound turned out to be short-lived and was seen as one of the key factors that helped the pair to regain positive traction for the fourth consecutive session. 

    The Fed raised benchmark interest rates for the fourth time this year but lowered its rate hike forecast for 2019. The so-called 'dot-plots' now signal two hikes next year, instead of three in September, though failed to convince market participants amid concerns over the slowdown in global growth.

    Meanwhile, the shared currency remained supported by Wednesday's news that Italy had struck a deal with the European Commission over its contested 2019 budget and further collaborated to the pair's strong intraday up-move of over 60-pips.

    Even from a technical perspective, the pair now seems to have found acceptance above a key hurdle marked by 55-day SMA and hence, a follow-through up-move, led by some fresh technical selling amid absent influential economic releases, now looks a distinct possibility.

    *Technical levels to watch*

    EUR/USD

    Overview:
        Today Last Price: 1.1431
        Today Daily change: 58 pips
        Today Daily change %: 0.510%
        Today Daily Open: 1.1373
    Trends:
        Previous Daily SMA20: 1.1353
        Previous Daily SMA50: 1.1391
        Previous Daily SMA100: 1.1488
        Previous Daily SMA200: 1.1703
    Levels:
        Previous Daily High: 1.144
        Previous Daily Low: 1.1357
        Previous Weekly High: 1.1444
        Previous Weekly Low: 1.1269
        Previous Monthly High: 1.15
        Previous Monthly Low: 1.1216
        Previous Daily Fibonacci 38.2%: 1.1408
        Previous Daily Fibonacci 61.8%: 1.1389
        Previous Daily Pivot Point S1: 1.134
        Previous Daily Pivot Point S2: 1.1306
        Previous Daily Pivot Point S3: 1.1256
        Previous Daily Pivot Point R1: 1.1424
        Previous Daily Pivot Point R2: 1.1474
        Previous Daily Pivot Point R3: 1.1508

    ****
      Reported by FXstreet.com 12 hours ago.

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    Giellepi Health Science Division (Giellepi S.p.A) clinical trial using DuPont Nutrition & Health premium probiotic strains shows evidence-based mixture containing Lactobacillus strains and lactoferrin to prevent recurrent bacterial vaginosis.

    KANTVIK, Finland (PRWEB) December 20, 2018

    New findings from a Giellepi Health Science Division (Giellepi S.p.A) clinical research trial demonstrates that a mixture of probiotic strains and lactoferrin could aid in reducing the most common cause of vaginal discomfort in women.

    Bacterial vaginosis (BV) is a vaginal inflammation, characterized by a depletion of beneficial bacteria (lactobacilli) and an overgrowth of anaerobic bacteria in the vagina. Typically women in their reproductive years may suffer from BV, though it can impact women of any age. Antibiotics are used for the short-term treatment of BV but recurrent infections remain a problem.

    The findings of the Giellepi S.p.A.-sponsored study using DuPont premium probiotic strains published in Beneficial Microbes, assess the efficacy of a probiotic mixture, including Lactobacillus acidophilus La-14® and Lactobacillus rhamnosus HN001, in combination with bovine lactoferrin RCX, as adjuvant therapy to metronidazole in women with recurrent BV. The randomized, double blind, placebo controlled clinical trial involved 48 adult women and assessed the normalization of Nugent score, remission of symptoms, and recurrences during a six-month follow-up period.

    Study details
    In the study, women with symptomatic BV were treated with metronidazole (500 mg twice daily) for seven days and were randomly assigned to take simultaneously either orally probiotic mixture plus lactoferrin (verum) or placebo (two capsules/day for five days followed by one capsule/day for 10 consecutive days; induction phase). The verum or placebo administration (one capsule/day for 10 consecutive days) was repeated monthly (maintenance phase) during the six months of follow-up starting the first day of menstrual cycle as the menstrual blood increases the vaginal pH and contributes an increased risk of recurrences.

    The results showed that symptoms (vaginal discharge and itching) and Nugent score, were significantly improved and BV recurrence rate was significantly reduced by the probiotic-lactoferrin combination when compared with placebo. This alternative approach may represent a safe and effective adjunct for the restoration and maintenance of healthy vaginal microbiota in reducing risk for recurrent BV.

    Making a strong connection
    “This research is extraordinary because it offers further evidence that specific probiotics as dietary supplements can be used to manage BV,” said Megan DeStefano, Global Marketing Manager, Probiotics, DuPont Nutrition & Health. “There has long been evidence of this, but the current study makes a strong connection that probiotics could in fact reduce the risk of this condition.”

    Rosario Russo, Scientific Officer of Giellepi Health Science Division added, “In the past, qualitative studies have shown that BV is associated with a substantial negative impact on self-esteem, sexual relationships, and quality of life. In many respects, these study results have the potential to positively influence the lives of countless women who can now feel more confident and secure with themselves and in their relationships.”

    For more information about DuPont Nutrition & Health’s probiotics, visit http://www.dietarysupplements.dupont.com.

    About Giellepi S.p.A
    Giellepi Health Science Division (Giellepi S.p.A) is a global leader in offering ready-to-market, private label specialty nutraceutical products in targeted therapeutic fields. All products are developed and tested in our modern facility located in Italy. The assessment of clinical safety and efficacy of the formulations is made in collaboration with KOLs and independent experts working in prestigious hospitals and universities. Giellepi is also committed to develop and market unique cutting-edge branded ingredients backed by scientific research. For more information visit http://www.giellepi.it.

    About DuPont Nutrition & Health
    DuPont Nutrition & Health, a DowDuPont Specialty Products Division business, combines in-depth knowledge of food and nutrition with current research and expert science to deliver unmatched value to the food, beverage, pharmaceutical and dietary supplement industries. We are innovative solvers, drawing on deep consumer insights and a broad product portfolio to help our customers turn challenges into high-value business opportunities. More information is available at http://www.food.dupont.com.

    About DowDuPont Specialty Products Division
    DowDuPont Specialty Products, a division of DowDuPont (NYSE: DWDP), is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, building and construction, health and wellness, food and worker safety. DowDuPont intends to separate the Specialty Products Division, which will be called DuPont, into an independent, publicly traded company. More information can be found at http://www.dow-dupont.com.

    The DuPont Oval logo, DuPont™ and all products, unless otherwise noted, denoted with ™, ℠ or ® are trademarks or registered trademarks of E.I. du Pont de Nemours and Company or its affiliates. Reported by PRWeb 12 hours ago.

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    Reported by FXstreet.com 11 hours ago.

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    Reported by FXstreet.com 11 hours ago.

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    Democrat says subsidy of Air Italy is part of move ‘to take over international aviation’ Reported by FT.com 9 hours ago.

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    While China and the US spar over trade, Europe quietly heads for its worst year since the financial crisis **

    · *2018 has been, by pretty much every quantifiable measure, a nightmare for investors, but while most attention has been focused on the US and China, Europe has suffered worse.*
    · *The Euro Stoxx 50 index of Europe's biggest companies has fallen more than 15% so far in 2018.*
    · *European stocks have dropped three times more than the S&P 500, and are headed for their worst year since the financial crisis.*
    · *Economic woes in Germany, a budget crisis in Italy, Brexit, and France's social issues are all partly to blame for the market's horrible year in Europe.*
    · *External factors, like President Trump's trade war with China, and a continued tightening cycle from the US Federal Reserve are also hitting European stocks.*

    2018 has been, by pretty much every quantifiable measure, a nightmare for investors. The market has been permeated by bouts of crazy volatility and huge price swings, but has ultimately fallen sharply, with all three major US indexes set to end the year in negative territory.

    A cocktail of factors, including the continued tightening of monetary policy around the globe, and worries about the economic impact of President Donald Trump's trade war with China, have pushed stocks lower after a near decade long run of gains.

    Understandably, much of the focus has been on what's happening in the US, and to a certain extent China, but look beyond what's happening in the two biggest economies on the planet, and it is arguable that European markets are suffering even more.

    *Read more: If you thought 2018 was bad for markets, a cocktail of fears is set to make 2019 even worse*

    With less than a week of trading left in the year, the Euro Stoxx 50 — a benchmark of Europe's largest companies — has fallen more than 15% since the start of January, while the broader Stoxx 600 is down 13%. On Thursday, European stocks at large are trading at their lowest levels since 2016.

    Market data analysed by Business Insider shows not only that the Euro Stoxx has dropped around twice more than the S&P 500 this year, but also that the index is set for its worst single year since 2008, during the heart of the financial crisis.

    *Four economies, four different sets of problems*

    Problems abound in all four of the largest economies in the continent.

    *In Germany*, which in recent decades has been Europe's economic powerhouse, growth is slowing and several of its most crucial industries are bearing the brunt.

    Germany's Council of Economic Experts expects 1.6% growth for the country this year and only 1.5% in 2019, well below previous expectations and down from a bumper 2.2% in 2017. That's partly down to a torrid time for the country's automakers, long the backbone of Germany's manufacturing driven economy.

    *Read more: Global markets are plunging as the Fed's 'hawkish tone' steals Christmas*

    BMW saw third-quarter operating profit plunge 27% amid greater competition in global markets. The Financial Times reported in November that new European Union greenhouse-gas emissions targets for automakers — the EU seeks to reduce emissions by 30% — are behind a 0.1% contraction in Germany's gross domestic product in the third quarter as car companies struggle to adapt.

    In fact, Germany is looking so fragile that its benchmark share index, the DAX, has become a target for short sellers looking to profit from German industry's misery.

    AQR Capital, a quant-driven hedge fund, is betting about €1.3 billion ($1.5 billion) on a decline in German stocks, joining other short sellers in swirling the index for returns after a brutal year for the country's equities, Business Insider reported last week.

    *Civil unrest hits markets*

    *In France*, while the protests of the so-called 'yellow vests' are largely a social issue, they are already being shown to cause damage both to the French economy, and in the markets.

    The yellow vest protests are expected to halve the country's GDP growth by 0.2% from 0.4% in the fourth quarter, and retailers have lost an estimated €1 billion in revenue since the protests erupted in November. Last week shares in tourism-related companies saw their worst week in months, while investment bank RBC warned that the protests could impact French luxury stocks negatively.

    *Italy* also has its problems. While the budget crisis that has gripped the country in recent months seems to finally have a solution, the country's government is volatile and highly eurosceptic, and it is not impossible that it will go back on the deal struck with the EU on Wednesday

    Continued uncertainty over the budget has helped subdue the Italian stock market, with the benchmark FTSE MIB index dropping more than 10% since September.

    *Britain* is also causing investors serious headaches, with Brexit becoming seemingly ever more uncertain.

    "Trying to forecast market movements based on the outcome of unpredictable political events is a bit like trying to play darts while riding a unicycle," Laith Khalaf, senior analyst at Hargreaves Lansdown, said last week. "There is some measure of Brexit fatigue in place." 

    More broadly, business indicators are suggesting a significant slowdown across the eurozone, which will likely persist into next year.

    "The German and French indicators are consistent with very slow growth while the Italian indices are clearly in recession territory," a note from Capital Economics said earlier this week.

    Not only is Europe being buffeted by internal factors of its own making, but the external factors impacting markets around the world — tightening policy from the Fed, President Trump's trade war — are also helping to pull the European market lower.

    *Things could get even worse next year*, after the Bank for International Settlements said this week that it expects further market turbulence to the downside in 2019.

    "The market tensions we saw during this quarter were not an isolated event," Claudio Borio, one of the institution's most senior staff members said on Sunday.

    If that prediction does come true, don't be surprised if Europe ends up bearing the brunt of the pain.

    *SEE ALSO: An economist who predicted Trump's rise as early as 2011 explains how he's changing the face of American capitalism forever*

    Join the conversation about this story »

    NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape Reported by Business Insider 7 hours ago.

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    The New York Film Academy and its Documentary Department congratulate NYFA Documentary Filmmaking instructor Claudia Raschke and NYFA professor Bob Eisenhardt for the inclusion of 'RBG' and 'Free Solo' (respectively) on The Academy Awards Documentary Feature Shortlist.

    NEW YORK (PRWEB) December 20, 2018

    As Hollywood and the wider film community prepare for this year’s upcoming awards season, the New York Film Academy and its Documentary Department congratulate NYFA Documentary Filmmaking instructors Bob Eisenhardt and Claudia Raschke for the inclusion of "Free Solo" and "RBG" on The Academy Awards Documentary Feature Shortlist.

    Released late Monday, the Oscar Documentary Shortlist includes fifteen feature-length documentaries in total, and had an incredible amount of competition this year, with 166 films qualified in the category. Most notably, the shortlist features "Free Solo", edited by Eisenhardt and "RBG", with Raschke as Director of Photography.

    National Geographic’s critically-acclaimed "Free Solo" centers around rock climber Alex Honnold and his attempt to climb El Capitan, the vertical rock formation in Yosemite National Park, without ropes. This marks an endeavor not yet attempted by anyone else, and Honnold is the only person to have ever accomplished the incredibly dangerous feat.

    "RBG" premiered at this year’s Sundance Film Festival, and tells the story of Supreme Court Justice and millennial icon Ruth Bader Ginsberg (aka The Notorious RBG), a Brooklyn-born Justice appointed by Bill Clinton in 1992, who would become only the second female to serve at the highest federal court in the United States.

    The inclusion of Eisenhardt and Raschke’s projects on this year’s shortlist marks a continued recognition for NYFA’s commitment to excellence in documentary filmmaking. Eisenhardt is an Academy Award nominee, three-time Emmy winner, and recipient of the coveted “Eddie” aka American Cinema Editors Award. Raschke’s previous work has been nominated for Academy Awards four times, and has won a Peabody, a DuPont and a National Board of Review Award, among others.

    “Bob and Claudia are two of the best in the doc world,” applauds Andrea Swift, Chair of NYFA’s Documentary Filmmaking department. “‘RBG’ and ‘Free Solo’ have enjoyed huge box office success, critical raves and fantastic buzz. So I can’t say it’s a surprise. Still, we’re all very excited for them!”

    The New York Film Academy and its documentary department takes pride in its ongoing dedication to success, and as a top documentary filmmaking school, recognizes the importance of a diverse faculty with extensive industry experience. Just last year, Heroin(e), a Netflix-produced documentary edited by NYFA documentary instructor Kristen Nutile, was nominated for an Academy Award and won
    the Emmy for Best Short Documentary, and prolific documentary filmmaker and NYFA instructor Maxine Trump published her book, The Documentary Filmmaker’s Roadmap: A Practical Guide to Planning, Production and Distribution. In addition, NYFA alumni have found success and acclaim in the documentary filmmaking world, such as alum Raphaela Neihausen who was nominated for an Academy Award for Best Documentary Short in 2017 for Joe’s Violin.

    These prestigious accomplishments represent incredible displays of mastery and expertise from within the NYFA faculty community. “No Documentary film school in the world has a better faculty. Even Oscar is a fan,” added Andrea Swift.

    The New York Film Academy congratulates instructors Bob Eisenhardt and Claudia Raschke on the success and recognition of their films, and wishes them the best of luck as the awards season continues!

    Press Inquiries Contact: helen(dot)kanti(at)nyfa(dot)edu

    About New York Film Academy
    The New York Film Academy (NYFA) is a leading visual and performing arts school that offers courses across 15 areas of study in New York City, Los Angeles, South Beach/Miami, Gold Coast (Australia), Florence (Italy), and more. Thousands of aspiring artists come to study at the New York Film Academy each year from over 120 countries. For more information, please visit nyfa.edu. Reported by PRWeb 7 hours ago.

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    Holland America's newest ship Nieuw Statendam has debuted at Port Everglades. The vessel, which can accommodate 2,666 cruisers, sailed to Port Everglades from Civitavecchia, Italy, starting Dec. 5. Port Everglades expects the ship to bring 102,396 passengers during the winter season, generating nearly $1.8 million in revenue for the port. "This winter season, we will welcome 10 Holland America cruise ships, and have the distinct honor of being the host port for the Nieuw Statendam’s official… Reported by bizjournals 7 hours ago.

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    The Professional Conservatory of Musical Theatre at the New York Film Academy expressed their frustrations with the New York City MTA by way of an original musical number performed by Broadway actress and NYFA Musical Theatre Creative Director, Kristy Cates.

    NEW YORK (PRWEB) December 20, 2018

    There may be no clearer indicator of a true New Yorker than a strong opinion on the MTA, the city’s mass transit system of trains and buses. Having long instilled frustration in the hearts and minds of its millions of riders, the MTA recently received widespread objection from commuters as it announced its plans for a four percent fare hike this week. The impending spike in price was met with protest across the board, as construction, delays and an overall lack of reliability continues to inconvenience its riders.

    The Professional Conservatory of Musical Theatre at the New York Film Academy expressed their own frustrations by way of an original musical number performed by Broadway actress and NYFA Musical Theatre Creative Director, Kristy Cates. Entitled Kristy’s Lament: Another Awful Day with the MTA, the unique song is now accompanied by an original music video produced by the PCMT at NYFA.

    Strikingly relatable in its musical interpretation of the MTA woes, Another Awful Day with the MTA features Cates in multiple roles: the tragic commuter narrating the song, a rude passenger carrying numerous bags, a blatant stoner and a homeless man, among others. Cates lended a certain authenticity to her roles, citing her personal experiences on board as genuine inspiration. “I have the worst train luck,” Cates shared with NYFA. “I’m always stuck underground with no explanation, waiting for a train that never shows up, or on the car with the person about to puke.”

    In fact, Cates recounted one particularly nasty commute home from her Broadway show on her Facebook account, and her story quickly caught the attention of many on social media, including lyricist Chris Giordano. He was inspired to adapt the tale into song, writing lyrics for a number that step-by-step portrayed Cates’s disastrous trip. Shortly thereafter, it was put to music by composer Ryan Edward Wise, and Kristy’s Lament was born.

    The music video’s portrayal of the messy New York City public transportation system and the variety of characters it serves simultaneously showcases the creativity and expertise of PCMT’s production team. The PCMT at NYFA is able to use all of the resources shared by NYFA’s film school, cinematography school, and other departments. These resources and NYFA’s state-of-the-art filmmaking equipment, coupled with its location in the heart of New York City and ability to collaborate with the Academy’s highly-talented staff allowed “Kristy’s Lament” to take advantage of high production values and truly sell the humorous lyrics, all while supporting Cates’s powerful yet hysterical performance.

    NYFA’s renowned musical theatre school, where Cates herself serves as Creative Director, prides itself on giving its students real world training that prepares them to achieve success in a competitive and empowering industry. Aspiring performers develop their skills as triple threat performers by studying with faculty — such as Cates — who have appeared in numerous Broadway and touring productions, top-rate regional theatre, opera, hit movie musicals, and television shows.

    Cates is a member of AEA and SAG-AFTRA and starred in “Wicked” (Broadway, First National Tour, Chicago) as an understudy to Idina Menzel before playing Elphaba. Cate also starred in “Finding Neverland” (Broadway) and “Charlie and the Chocolate Factory” (Broadway), and has had roles in a handful of off-Broadway shows and many regional productions.

    “One thing I love about working for NYFA,” Cates says, “Is their willingness to explore new projects. As a result, our ability as a program to collaborate with up-and-coming composers and lyricists.” She adds, “It was wonderful to combine the expertise of our faculty, the passion of our alumni, the ingenuity of the composer and writer, and the generosity and support of the Film Academy.”

    The Professional Conservatory of Musical Theatre at the New York Film Academy is proud to have Cates as an original and current member of its faculty, and was equally as proud to produce Kristy’s Lament: Another Awful Day with the MTA with her.

    Press Inquiries Contact: helen.kanti(at)nyfa(dot)edu

    About New York Film Academy
    The New York Film Academy (NYFA) is a leading visual and performing arts school that offers courses across 15 areas of study in New York City, Los Angeles, South Beach/Miami, Gold Coast (Australia), Florence (Italy), and more locations around the world. Thousands of aspiring artists come to study at the New York Film Academy each year from over 120 countries. For more information, please visit nyfa.edu. Reported by PRWeb 7 hours ago.

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    Newgioco Continues to Gain Market Share in Italian Sports Betting Market *NEW YORK, NY / ACCESSWIRE / December 20, 2018 /** *Newgioco Group, Inc. ("Newgioco" or the "Company") (OTCQB: NWGI), today announced that the Company increased its share of the Italian sports betting market in November, according to a recent report of the leading gambling, betting, and gaming news agency AGIMEG - Agenzia Giornalistica sul Mercato del Gioco ("AGIMEG"). Newgioco is a vertically-integrated leisure gaming technology company, headquartered in Toronto, Canada, with fully licensed online and land-based gaming operations in Italy and Austria, and innovative betting technology platforms that provide bet processing for casinos and other gaming operators.

    According to AGIMEG, the sports betting sector in Italy reached €148.5 million ($170 million) in Gross Gaming Revenues (GGR) for November 2018, an increase of approximately 1% year over year and approximately 11% month over month. Newgioco, through its wholly owned subsidiary Multigioco S.R.L ("Multigioco"), increased its market share rank (as a percent of GGR) to 22^nd in November, up from 25th in the October ranking. Newgioco showed the 7th largest increase on the list, improving its share by 0.10% to a total of 0.49%.

    Michele Ciavarella, CEO of Newgioco, said, "Our continued market share gains in Italian sports betting are driven by robust organic transaction growth in both our online sales channel and land-based retail sales channel. In Italy, Newgioco also continues to maintain strong market share in poker betting (rank 6^th in October 2018) and has made a marked improvement in casino betting with GGR more than doubling on a year on year basis from about $295,000 in November 2017 to $664,000 in November 2018."

    Company CFO Elizabeth MacLean added, "In addition to impressive growth in market share and revenues, we have recently begun to generate higher profits as a percentage of betting handle, resulting from the increased efficiency of our innovative betting technology platform. Newgioco's successful gaming business in Italy and strong leadership should provide a solid foundation for our expansion into the U.S. sports betting market through our leading edge technology platforms beginning in 2019."

    *About Newgioco Group, Inc.*

    **Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy and Austria.

    The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative Betting Platform Software through its subsidiary Odissea (www.odissea.at), providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

    *Cautionary Note Concerning Forward-Looking Information*

    **This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could,""believe,""anticipate,""intend,""estimate,""expect,""may,""continue,""predict,""potential,""project" and similar expressions that are intended to identify forward-looking statements, and includes statements such as our gaming business in Italy and technology platforms providing a solid foundation for planned expansion into the U.S. sports betting market beginning in 2019. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include our ability to expand into the U.S. sports betting market beginning in 2019, the risk factors described in the Company's Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

    *For further information, please contact:*

    Darrow Associates
    Bernie Kilkelly (516) 236-7007
    bkilkelly@darrowir.com
    Tel: (516) 236-7007

    Hayden IR
    Cameron Donahue (651) 653-1854
    Brett Maas (646) 536-7331
    nwgi@haydenir.com

    Newgioco Group, Inc.
    Investor Relations
    Bill Mitoulas (416) 479-9547
    bill.m@newgiocogroup.com

    *
    *

    *ITALIAN SPORTS BETTING MARKET SHARE DATA FROM AGIMEG*
    *OPERATOR*

    *GGR MARKET SHARE (NOV 2018)*

    *GGR MARKET SHARE (OCT 2018)*

    *+/- SHARE*

    GAMENET/INTRALOT/GOLDBET

    14.60%

    15.24%

    -0.64%

    SNAITECH

    14.18%

    13.53%

    0.65%

    EUROBET

    12.70%

    11.37%

    1.33%

    SKS365

    12.49%

    12.46%

    0.03%

    LOTTOMATICA

    10.48%

    9.79%

    0.69%

    SISAL

    10.27%

    9.81%

    0.46%

    BET365

    6.42%

    6.76%

    -0.34%

    BWIN

    1.32%

    1.44%

    -0.12%

    WILLIAM HILL

    1.11%

    1.22%

    -0.11%

    BETALAND

    1.09%

    3.24%

    -2.15%

    E-PLAY 24

    0.95%

    0.51%

    0.44%

    GRUPPO VINCITU '

    0.87%

    0.80%

    0.07%

    POKERSTARS

    0.85%

    0.81%

    0.04%

    BETFAIR ITALIA

    0.79%

    0.89%

    -0.10%

    BETPOINT

    0.71%

    0.69%

    0.02%

    GI.LU.PI.

    0.68%

    0.85%

    -0.17%

    SCOMMESSEITALIA

    0.60%

    0.58%

    0.02%

    STANLEYBET

    0.56%

    0.60%

    -0.04%

    SUN BET

    0.56%

    0.64%

    -0.08%

    REPLATZ

    0.55%

    0.51%

    0.04%

    ADMIRAL SPORT

    0.52%

    0.58%

    -0.06%

    *MULTIGIOCO* *0.49%* *0.39%* *0.10%*
    NEXIGAMES

    0.47%

    0.31%

    0.16%

    888

    0.47%

    0.48%

    -0.01%

    VITTORIA BET 2009

    0.45%

    0.42%

    0.03%

    DOMUS BET

    0.44%

    0.38%

    0.06%

    HBG ON LINE GAMING

    0.32%

    0.39%

    -0.07%

    MICROGAME

    0.31%

    0.34%

    -0.03%

    BETTING

    0.30%

    0.35%

    -0.05%

    UNIBET

    0.27%

    0.22%

    0.05%

    BGAME

    0.26%

    0.34%

    -0.08%

    TOTALBET

    0.22%

    0.25%

    -0.03%

    AGENCY OF IPPIC LUCIANO GIOVE

    0.21%

    0.24%

    -0.03%

    (*) Agimeg processing on Adm data (November 2018)

    *SOURCE:* Newgioco Group, Inc.
    View source version on accesswire.com:
    https://www.accesswire.com/531091/Newgioco-Continues-to-Gain-Market-Share-in-Italian-Sports-Betting-Market Reported by Accesswire 6 hours ago.

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