Giorgia Meloni, head of Brothers of Italy political party, is set to become Italy's first woman prime minister. - A + A ROME (Sept 26): Giorgia Meloni looks set to become Italy's first woman prime minister at the head of its most right-wing government since World War Two after leading a conservative alliance to triumph at Sunday's election. Near final results showed the rightist bloc should have a solid majority in both houses of parliament, potentially giving Italy a rare chance of political stability after years of upheaval and fragile coalitions. "We must remember that we are not at the end point, we are at the starting point. It is from tomorrow that we must prove our worth," the 45-year-old Meloni told cheering supporters of her nationalist Brothers of Italy party early on Monday morning. Meloni and her allies face a daunting list of challenges, including soaring energy prices, war in Ukraine, and renewed slowdown in the eurozone's third largest economy. … [Read more...] about Meloni set to lead Italy after right triumphs at polls
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Hanwha chosen as preferred bidder for 49.3 percent of DSME
DSME shipyard in Geoje, South Gyeongsang. [YONHAP] A preferred bidder has been chosen to buy 49.3 percent of Daewoo Shipbuilding and Marine Engineering (DSME), a troubled shipbuilder that's controlled by a state-owned bank. As a stalking-horse bidding process will be used, a higher bid can still be lodged and accepted by Korea Development Bank (KDB), owner of 55.7 percent of the company. A group of related companies is making the bid, and the stocks of the two that are public dropped on the news of the possible purchase of the shares. Hanwha Aerospace will be investing 1 trillion won ($698 million) for half of the 49.3 percent stake in the company. Hanwha Systems will be investing 500 billion won, Hanwha Impact Partners, a fund, 400 billion won and Hanwha Energy 100 billion won. "We have decided to choose the stalking-horse method," KDB Chairman Kang Seog-hoon said Monday. "We expect through the 2-trillion-won investment, DSME will be able to counter the lack of funding as … [Read more...] about Hanwha chosen as preferred bidder for 49.3 percent of DSME