'Cautious but Reasonable Optimism' over Berlusconi's Health, Doctor Says

Italy’s former prime minister Silvio Berlusconi. (Reuters)
Italy’s former prime minister Silvio Berlusconi. (Reuters)
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'Cautious but Reasonable Optimism' over Berlusconi's Health, Doctor Says

Italy’s former prime minister Silvio Berlusconi. (Reuters)
Italy’s former prime minister Silvio Berlusconi. (Reuters)

Italy’s former prime minister Silvio Berlusconi is in a stable condition two days after being hospitalized with the coronavirus, his doctor said on Saturday.

“This instils cautious but reasonable optimism,” Alberto Zangrillo said in a brief statement.

Berlusconi, 83, tested positive for COVID-19 on Wednesday and was taken to Milan’s San Raffaele hospital the following day after developing a slight fever. A subsequent x-ray revealed that he had developed mild pneumonia in both lungs.

Zangrillo, who stirred controversy in May when he said coronavirus was losing its potency, told reporters he had decided to hospitalize Berlusconi as a precautionary measure given his age and previous health problems.

The media tycoon underwent major heart surgery in 2016 and has also survived prostrate cancer.

Shares in the media company controlled by the Berlusconi family, Mediaset, rose as much as 11.7% on Friday with traders saying the market was speculating about potential ownership changes at the group if Berlusconi’s health worsens.



EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices rose slightly early on Monday, as they traded in a narrow range, caught between low wind speed and uncertainty over Russian gas flows to Europe when the Ukraine gas transit deal expires at the year-end.

The benchmark front-month contract at the Dutch TTF hub edged up by 0.84 euro to 44.65 euros per megawatt hour (MWh), or $14.3/mmBtu, by 1016 GMT, while the day ahead contract was up 1.08 euro at 44.38 euros/MWh.

In Britain, the day-ahead contract was 2.25 pence higher at 110.25 p per therm.

"The spot and the curve (prices) are still supported by the prospect of a non-renewal of the Russia-Ukraine gas transit deal," analysts at Engie's EnergyScan said in a daily note, according to Reuters.

The situation with European countries that buy Russian gas is very complicated and requires increased attention, the Kremlin said on Monday, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

Fico said on Sunday that Putin had confirmed Russian willingness to continue to supply gas to Slovakia, even though the Slovak leader said this was "practically impossible" once a gas transit agreement between Russia and Ukraine expires.

Russia's Gazprom said it would send 42.1 million cubic metres of gas to Europe via Ukraine on Monday, a volume in line with recent days.

Meanwhile, wind generation will drop sharply today in France and Germany and the confidence for high wind output is reduced, supporting gas for power demand, EnergyScan analysts said.

In Britain, peak wind generation is forecast at 19.1 gigawatts (GW) on Monday, falling to 15.6 GW on Tuesday, Elexon data shows.

In the European carbon market, the benchmark contract was up 0.22 euro at 67.91 euros a metric ton.