Ferrari fever? Classic cars roar into investment funds
Business

Ferrari fever? Classic cars roar into investment funds

Rise of classic cars beats wine, watches and art – index1962 Ferrari fetches $48 mln, 1955 Mercedes-Benz $149 mlnAsset managers offer funds focused on vintage vehiclesElectrification to turn collector cars into ‘cult objects’MILAN, April 15 (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy,… […]

Casino bondholders seeking better terms in Teract tie-up
Business

Casino bondholders seeking better terms in Teract tie-up

LONDON, April 15 (Reuters) – Some holders of bonds issued by French food retailer Casino (CASP.PA) are working with financial adviser Perella Weinberg Partners to push for better terms should the company’s planned tie-up with smaller food firm Teract proceed, three sources familiar with the matter said.The investors, who hold some Casino bonds maturing in… […]

G7 ministers agree to cut gas consumption and speed-up renewable energy
Business

G7 ministers agree to cut gas consumption and speed-up renewable energy

SAPPORO, Japan, April 15 (Reuters) – The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building no new coal-fired plants, France’s energy transition minister said on Saturday.G7 environment and energy ministers, however, could not agree on a specific… […]

Muslim call to prayer to ring out more freely in NYC…
World

Muslim call to prayer to ring out more freely in NYC…

By KAREN MATTHEWS Updated [hour]: [minute] [AMPM] [timezone], [monthFull] [day], [year]   NEW YORK (AP) — The Muslim call to prayer will ring out more freely in New York City under guidelines announced Tuesday by Mayor Eric Adams, which he said should foster a spirit of inclusivity.Under the new rules, Adams said, mosques will not need… […]

Up to 12 feet of water on shore…
World

Up to 12 feet of water on shore…

CEDAR KEY, Fla. (AP) — Florida residents living in vulnerable coastal areas were ordered to pack up and leave Tuesday as Hurricane Idalia gained steam in the warm waters of the Gulf of Mexico and threatened to unleash life-threatening storm surges and rainfall.Idalia also pummeled Cuba with heavy rains on Monday and Tuesday, leaving the… […]