This December, the province of Benguela registers a high occupancy of hotels, restaurants, as well as bookings in ballrooms. Until the 31st, more than 30 New Year’s Eve parties are planned, he informed . . .
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December 28, 2022
Italy: Rome promises “up to a billion euros” to help the ex-Ilva steelworks
written by Alexandra Hartman Editor-in-Chief
The Italian government pledged on Wednesday to provide the ailing steel group Acciaierie d’Italia, which manages the giant ex-Ilva steelworks, state aid of up to one billion euros to revive its activity and enable it to settle its debts to its energy suppliers.
During a council of ministers, the government adopted a decree-law authorizing the release of “up to one billion euros to guarantee the operation” of the site.
The Italian State had entered in April 2021 to the tune of 38% in the capital of this steel mill, the remaining 62% of which is held by the Franco-Indian steel giant ArcelorMittal.
The government press release also mentions a new agreement between the shareholders providing for “the relaunch of the site” and “the industrial conversion of the facilities to make them viable”.
Business Minister Adolfo Urso has also convened a meeting of all stakeholders for January 19: shareholders, trade unions and institutional players.
The steelworks, located in Taranto in Puglia (south) is currently far from operating at full speed. The site “will only produce three million tonnes of steel this year when it should have produced six,” Mr. Urso said in mid-December.
The steel mill “is accumulating an excessive debt, in particular towards its energy suppliers, we must absolutely intervene with an industrial plan” allowing it to regain its first place in Europe, he continued.
“We do not accept the decline of the old Ilva, we will not nationalize it, we believe that it is necessary to immediately create this industrial plan with the parties concerned,” he said.
The government has been conducting difficult negotiations for several weeks with ArcelorMittal aimed at reviving production at the steelworks, which has been in the grip of a liquidity crisis for several months.
Rome, which should rise to 60% of the capital of the former Ilva in May 2024, had considered for a time to bring forward this takeover to directly manage the company, but will finally respect this deadline, according to the Italian press. .
“We have a frank and close confrontation with ArcelorMittal,” Urso said in a recent interview with the La Stampa daily.
The decision of the management of the factory to suspend its contracts with 145 companies in the supply chain had sparked protests in mid-November from the government and the unions, who fear for the 2,000 jobs linked to this activity.
ArcelorMittal had taken over in 2018 the very polluted site of the former Ilva, placed under state administration in 2015 following a series of financial and legal setbacks.
The steel giant had pledged to invest in the production of “low-carbon” steel and to increase the production of the steelworks to 8 million tonnes in 2025.
Two former owners of the steel plant, Fabio Riva and his brother Nicola, were sentenced in May 2021 to more than 20 years in prison for toxic emissions that led to hundreds of deaths.
According to the prosecution, at least 400 premature deaths recorded near the Ilva steelworks and caused by cardio-respiratory diseases and cancers are attributable to toxic emissions from the blast furnaces.
Paying down debt is the top financial priority for Canadians, who are also worried regarding inflation, rising interest rates and fears of a recession in 2023.
• Read also: 2022, a painful year on the stock markets
• Read also: Inflation crisis: In 2022, more had to be done with every dollar
That’s according to CIBC’s annual poll, which found inflation to be a concern for 65% of Canadians, rising interest rates for 30% and fears of recession for 24%. .
The poll also showed that 55% of Canadians believe they need to manage their finances better this year, and one in four said they had taken on more debt in the past 12 months.
“The current economic situation has rightly prompted Canadians to reassess their financial priorities for 2023,” said Carissa Lucreziano, Vice President, CIBC Financial and Investment Advisory.
Although 73% of Canadians are worried regarding the possibility of a recession next year, 62% feel financially prepared for the unexpected and 59% believe that their financial situation is strong enough to withstand a recession.
Other top priorities for 2023 include tracking invoices (17% of respondents) and growing investments (14% of respondents).
Common secondary financial goals for 2023 of Canadians are to save as much as possible (25%), avoid further debt (24%), save for vacations (21%) and reduce expenses discretionary (18%).
This survey was conducted between December 12 and December 19, 2022 among 1,523 Canadian adults randomly selected from online panelists.
“He works miracles.” The “peanut tea” drink is a divine miracle that you will never dispense with if you try it once
written by Alexandra Hartman Editor-in-Chief
Peanut tea with tea is one of the most popular things in the ancient period, and many people are looking for preparations at the present time, due to its great importance to human health, as many mothers and housewives are looking for the best way to prepare tea with peanuts. This is due to its wonderful ability to solve many problems that exist in the human body, as this drink works in the treatment of many diseases, and we will learn in the following lines how to prepare this recipe.
How to make peanut tea:
the ingredients:
1- black tea.
2- Sugar as needed.
3- Water according to the number of cups to be made.
4- Peanuts.
How to prepare:
• Put water in a pot until it boils.
• Then we add black tea to the water.
• Add sugar to a cup and pour tea into it.
• Add sugar, then add peanuts.
Benefits of peanut tea:
1- Peanut tea helps to reduce weight, due to the presence of fiber in it, which gives the person a sense of extreme satiety.
2- This drink also helps in preventing the emergence of free radicals that cause cancer, because it contains many antioxidants, because peanut tea prevents the appearance of free radicals in the body.
3- It contains many vitamins that are beneficial for the health of the body, such as acids and vitamins such as pyridoxine and pantothenic acid, as well as folic acid, niacin and other vitamins, the most important of which is vitamin B, which helps to strengthen the body.