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Italian bank stocks plummet after gov't approves windfall tax

STORY: Italian bank stocks plummet after gov't approves windfall tax DATELINE: Aug. 10, 2023 LENGTH: 00:00:28 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Rome STORYLINE: Italian banking stocks took a beating on Tuesday, after the government passed a measure that will tax the surplus profits of the country's financial institutions at 40 percent this year. Matteo Salvini, Italy's Deputy Prime Minister and Minister of Infrastructure and Transportation, said that the funds raised by the windfall tax would be used to help poor families and small businesses hurt by the increase in interest rates over the last year. The new decree was passed by the Council of Ministers late on Monday. The country's main banks felt the impact of the new policy immediately. The main blue-chip index on the Italian Stock Exchange in Milan finished Tuesday's trading session down 2.1 percent, in what was a mildly negative session across Europe. Paris's CAC-40 index was down 0.69 percent for the day, while the D

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A staff member processes cut flowers at a flower farm in Naivasha, Kenya, Feb. 8, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A staff member processes cut flowers at a flower farm in Naivasha, Kenya, Feb. 8, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A staff member monitors containers on a moving conveyor belt at a flower farm in Naivasha, Kenya, Feb. 8, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A vendor packs flowers at a flower market in Nairobi, Kenya, Feb. 9, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A vendor sorts flowers to be sold at a flower market in Nairobi, Kenya, Feb. 9, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A staff member processes cut flowers at a flower farm in Naivasha, Kenya, Feb. 8, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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KENYA-FLOWER INDUSTRY-FLOWER VENDOR

(230211) -- NAIROBI, Feb. 11, 2023 (Xinhua) -- A staff member transfers containers with flowers at a flower farm in Naivasha, Kenya, Feb. 8, 2023. The upcoming Valentine's Day is highly revered in Kenya where lovers, old and young, spoil themselves with lavish gifts including flowers, dinners, attire, and exotic holidays. Hundreds of florists who patronize the imposing City Market in Nairobi often make contingency plans to ensure that lovers are supplied with fresh and aromatic red roses. TO GO WITH "Feature: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures" (Xinhua/Li Yahui)

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Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures

STORY: Kenyan flower vendors hopeful for Valentine's Day windfall despite inflationary pressures DATELINE: Feb. 11, 2023 LENGTH: 00:03:43 LOCATION: Nairobi CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of a flower farm in Naivasha, Kenya 2. SOUNDBITE 1 (English): JACK KNEPPERS, Founder of Maridadi flower farm 3. various of Jack Kneppers walking among flowers 4. SOUNDBITE 2 (English): JACK KNEPPERS, Founder of Maridadi flower farm 5. various of a flower shop 6. SOUNDBITE 3 (English): PERIS NJERI, Florist 7. SOUNDBITE 4 (English): TOM DANIELS, Florist 8. various of a flower farm STORYLINE: Kenya is one of the top four exporters of cut flowers in the world popularly known for their great quality and refreshing nature. A report by Kenya Flower Council in 2022 shows that the highest sales are done during Valentine's Day period. However, the high cost of inflation being experienced in different parts of the world has led to mixed reactions among flower traders this Valentine's Day. Maridadi flower farm locate

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UN chief calls for taxation on windfall profits of oil and gas companies

STORY: UN chief calls for taxation on windfall profits of oil and gas companies DATELINE: Aug. 4, 2022 LENGTH: 00:02:18 LOCATION: UN Headquarters CATEGORY: ECONOMY SHOTLIST: 1. various of UN Secretary-General Antonio Guterres taking seat 2. SOUNDBITE 1 (English): ANTONIO GUTERRES, UN Secretary-General 3. various of press briefing room 4. SOUNDBITE 2 (English): ANTONIO GUTERRES, UN Secretary-General STORYLINE: UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. Guterres made the remarks at the launch of the third report of his Global Crisis Response Group on Food, Energy and Finance over the Ukraine conflict. SOUNDBITE 1 (English): ANTONIO GUTERRES, UN Secretary-General "It is immoral for oil and gas companies to be making record profits from this energy crisis on the backs of the poorest people and communities and at a massive cost to the climate. The combined profits of

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UN-GUTERRES-GLOBAL CRISIS RESPONSE GROUP-REPORT-LAUNCH

(220803) -- UNITED NATIONS, Aug. 3, 2022 (Xinhua) -- UN Secretary-General Antonio Guterres speaks at the launch of the third report of his Global Crisis Response Group on Food, Energy and Finance over the Ukraine conflict at the UN headquarters in New York, on Aug. 3, 2022. Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. (Xinhua/Xie E)

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UN-GUTERRES-GLOBAL CRISIS RESPONSE GROUP-REPORT-LAUNCH

(220803) -- UNITED NATIONS, Aug. 3, 2022 (Xinhua) -- UN Secretary-General Antonio Guterres shows the third report of his Global Crisis Response Group on Food, Energy and Finance over the Ukraine conflict at the UN headquarters in New York, on Aug. 3, 2022. Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. (Xinhua/Xie E)

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UN-GUTERRES-GLOBAL CRISIS RESPONSE GROUP-REPORT-LAUNCH

(220803) -- UNITED NATIONS, Aug. 3, 2022 (Xinhua) -- UN Secretary-General Antonio Guterres (R, Rear) speaks at the launch of the third report of his Global Crisis Response Group on Food, Energy and Finance over the Ukraine conflict at the UN headquarters in New York, on Aug. 3, 2022. Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. (Xinhua/Xie E)