SHANGHAI: Construction tycoon Niu Yeqing owns four cars in which he cruises the streets of the Chinese city of Hefei, including a black Mercedes-Benz S600. His wife favours a burgundy red Porsche.Niu does not plan to stop there and this weekend he will be shopping for a British-made Bentley car with a budget of $790,000 when he visits the Shanghai auto show, which opens on Sunday.
At a previous show he bought a German Audi A8, which he gave away as a gift.
"Isn't a car for people to enjoy?" he told AFP, adding that he was fond of automobiles that exhibited strong power and speed and enjoyed luxury labels such as Versace and Hermes.
Drivers like Niu are the reason why China has become crucial to luxury car makers, as a growing number of rich people with an instinct for flaunting their wealth pay hundreds of thousands of dollars for a single vehicle.
China's market for premium cars costing up to $190,000 was 1.25 million vehicles last year, second only to the United States, according to consultancy McKinsey.
But makers of ultra-luxury cars commanding even higher prices said China has become an important market due to rising incomes in the rapidly developing country, already the world's biggest auto market.
China was the world's second biggest market behind the United States for Rolls-Royce Motor Cars last year. Two of its top five global dealers are in mainland China, in the capital Beijing and commercial hub Shanghai.
"We think we have a very long-term, healthy future in this market," said Jolyon Nash, Rolls-Royce Director of Sales and Marketing.
"Chinese customers have a great appreciation for luxury and super-luxury goods. There's a definite cultural tendency to celebrate success."
The British carmaker, whose brand is owned by Germany's BMW, will Saturday hold the Asia launch for its new Wraith model, priced at around $794,000, hoping to attract well-heeled customers in China.
"The luxury car market has just not stopped. Two years ago, it completely took everyone by surprise," said Rupert Hoogewerf, founder of a China-based publisher of luxury magazines which compiles an annual rich list.
His Hurun Report estimates that China's 2.8 millionaires in dollar terms own an average of three cars per family, typically a business and personal car for the chief earner and another for the spouse.
The 64,000 super-rich in China, individuals with wealth of $16 million, own four vehicles on average, with at least one chauffeur-driven for a display of stature and convenience given China's urban traffic jams, the report said.
"There are always going to be wealthy people, who want to differentiate themselves from someone else," said Namrita Chow, a Shanghai-based senior analyst for IHS Automotive.
Some luxury car makers are going downmarket in China, offering less expensive models to reach more buyers while at the same time trying to maintain the prestige of their brands, analysts said.
As China's middle-class upgrade their cars they have become an emerging group of buyers for lower-end luxury vehicles, a sector dominated by German brands which account for 80 per cent of the premium market, McKinsey estimates.
But China's slowing economic growth and a crackdown on corruption launched by its new leaders have taken some steam out of the luxury car market.
From May, China will bar at least 10 luxury brands from being used by military personnel as official vehicles, among them Jaguar and Volkswagen's executive Phaeton model.
Luxury car brands have been targeted by China's state media over quality and by outspoken Internet users angry over a widening income gap, among the pitfalls in the developing market.
Last month, state television accused three luxury German automakers -- Mercedes-Benz, BMW and Audi -- of using toxic materials in components used to absorb vibrations.
Online reports last year about a crash involving a Ferrari driven by a top official's son, who died in the accident, set the Internet abuzz and raised questions about corruption, before being censored.
Ferrari was hit by an earlier scandal after a car left tyre tracks on a protected landmark, an ancient city wall, in a publicity stunt gone wrong.
Germany
Luxury car makers seek success in China
Luxury car makers seek success in China
SHANGHAI: Construction tycoon Niu Yeqing owns four cars in which he cruises the streets of the Chinese city of Hefei, including a black Mercedes-Benz S600. His wife favours a burgundy red Porsche.Niu does not plan to stop there and this weekend he will be shopping for a British-made Bentley car with a budget of $790,000 when he visits the Shanghai auto show, which opens on Sunday.
At a previous show he bought a German Audi A8, which he gave away as a gift.
"Isn't a car for people to enjoy?" he told AFP, adding that he was fond of automobiles that exhibited strong power and speed and enjoyed luxury labels such as Versace and Hermes.
Drivers like Niu are the reason why China has become crucial to luxury car makers, as a growing number of rich people with an instinct for flaunting their wealth pay hundreds of thousands of dollars for a single vehicle.
China's market for premium cars costing up to $190,000 was 1.25 million vehicles last year, second only to the United States, according to consultancy McKinsey.
But makers of ultra-luxury cars commanding even higher prices said China has become an important market due to rising incomes in the rapidly developing country, already the world's biggest auto market.
China was the world's second biggest market behind the United States for Rolls-Royce Motor Cars last year. Two of its top five global dealers are in mainland China, in the capital Beijing and commercial hub Shanghai.
"We think we have a very long-term, healthy future in this market," said Jolyon Nash, Rolls-Royce Director of Sales and Marketing.
"Chinese customers have a great appreciation for luxury and super-luxury goods. There's a definite cultural tendency to celebrate success."
The British carmaker, whose brand is owned by Germany's BMW, will Saturday hold the Asia launch for its new Wraith model, priced at around $794,000, hoping to attract well-heeled customers in China.
"The luxury car market has just not stopped. Two years ago, it completely took everyone by surprise," said Rupert Hoogewerf, founder of a China-based publisher of luxury magazines which compiles an annual rich list.
His Hurun Report estimates that China's 2.8 millionaires in dollar terms own an average of three cars per family, typically a business and personal car for the chief earner and another for the spouse.
The 64,000 super-rich in China, individuals with wealth of $16 million, own four vehicles on average, with at least one chauffeur-driven for a display of stature and convenience given China's urban traffic jams, the report said.
"There are always going to be wealthy people, who want to differentiate themselves from someone else," said Namrita Chow, a Shanghai-based senior analyst for IHS Automotive.
Some luxury car makers are going downmarket in China, offering less expensive models to reach more buyers while at the same time trying to maintain the prestige of their brands, analysts said.
As China's middle-class upgrade their cars they have become an emerging group of buyers for lower-end luxury vehicles, a sector dominated by German brands which account for 80 per cent of the premium market, McKinsey estimates.
But China's slowing economic growth and a crackdown on corruption launched by its new leaders have taken some steam out of the luxury car market.
From May, China will bar at least 10 luxury brands from being used by military personnel as official vehicles, among them Jaguar and Volkswagen's executive Phaeton model.
Luxury car brands have been targeted by China's state media over quality and by outspoken Internet users angry over a widening income gap, among the pitfalls in the developing market.
Last month, state television accused three luxury German automakers -- Mercedes-Benz, BMW and Audi -- of using toxic materials in components used to absorb vibrations.
Online reports last year about a crash involving a Ferrari driven by a top official's son, who died in the accident, set the Internet abuzz and raised questions about corruption, before being censored.
Ferrari was hit by an earlier scandal after a car left tyre tracks on a protected landmark, an ancient city wall, in a publicity stunt gone wrong.
Anti-Semitism high among Warsaw teens
WARSAW: Anti-Semitism is high among teenagers in this Polish capital, according to an opinion survey conducted in the run-up to Friday's 70th anniversary of the Warsaw ghetto uprising.The poll of students from 20 high schools, published Tuesday, found that 44 per cent of respondents said they would be unhappy to have a Jewish neighbour.
In the survey of 1,250 students commissioned by the Jewish Community of Warsaw, the Homo Homini polling institute also found that two in five said they would not like to have a Jewish classmate, and 61 per cent said they would be upset if their partner turned out to be a Jew.
"These are unfortunately very high percentages," said Michal Bilewicz, researcher on intergroup relations at the University of Warsaw.
"Compared with national studies of the kind, Warsaw does not come out looking good," he added, quoted on the website of the Gazeta Wyborcza daily.
Around 55 per cent of the respondents deemed that Polish aid to Jews in hiding during the Holocaust had been sufficient, while only five per cent said it was not and 11 per cent even considered the extent of help excessive.
The survey sampled high school students, who are aged 16 to 18, as part of a wider effort to bust stereotypes.
"We wanted to probe their attitudes towards Jews, since we're planning to prepare an educational programme or social campaign in the future," spokeswoman Joanna Korzeniewska told AFP.
She said the results show that this kind of programme "is even more necessary than we supposed".
The findings are all the more surprising given that almost no Jews remain in Poland, community leader Piotr Kadlcik told the Internet portal Interia.pl.
On the eve of the Holocaust, Poland was home to around 3.3 million Jews -- or 10 per cent of the population -- with 400,000 living in the capital.
Nazi Germany built the Warsaw ghetto in 1940 to isolate around 480,000 of the capital's Jews before deporting the majority to their deaths.
Some 90 per cent were wiped out, and many of the survivors later left Poland or hid their Jewish roots.
Friday marks the 70th anniversary of the ill-fated 1943 Warsaw ghetto uprising, Europe's first urban anti-Nazi revolt, when some 200 Jews took up arms against the occupying Germans.
In the 2002 census only 1,133 people claimed Jewish roots, while last year the number grew to around 8,000.
But according to various estimates, the true number could be as high as 20,000 to 50,000.
Polls on Sunday
Polls on Sunday – what’s your beef Bishop Tan
KUALA LUMPUR: Several quarters have questioned the motive and intention of Reverend Bishop Paul Tan to condemn the holding of the coming polls on a Sunday, on May 5.
The bishop, according to a news report, had stated that to fix the polls on May 5 was a reflection of the callous insensitivity towards Christians in the country.
“This disrespect of the government of the Christian rights is to be denounced. It just proves that the government is not sincere in its 1Malaysia slogan,” he was quoted as saying.
An MP pointed out that in the history of Malaysian general elections, voting had been held on a Sunday three times.
Previous elections in Malaysia held on Sunday were on August 3rd 1986 and 21st October 1990 as well as 21st March 2004.
A prominent blogger pointed out that even in a Christian majority nation abroad, polls were held on a Sunday, citing last week’s election in Venezuela as an example.
Wangsa Maju MP Wee Choo Keong when questioning Tan’s motive to condemn the Election Commission (EC) for fixing polling day on a Sunday pointed out in his blog that three of this country’s general elections have been held on Sundays and there were no complaints from citizens of various faiths about having to go out and vote on a Sunday.
“With due respect to Reverend Bishop Paul Tan, this is not the first time in our history that GEs (general elections) were held on a Sunday. Just for the record, there have been THREE previous GEs that were held on SUNDAY too,” Wee wrote.
“Just wonder, what has inspired a bishop of Reverend Paul Tan’s standing to make such sweeping statements when there were three previous GEs held on Sunday?” he further wrote.
In Christian countries, elections have been held on Sundays.
Venezuelans went to the polls to elect their new president on April 14, which fell on a Sunday.
The next day, Nicolas Marudo was announced as the country’s president, following the death former president Hugo Chavez on March 5 after a long battle with cancer.
Prominent blogger Datuk Ahirudin Attan, popularly known as Rocky Bru, said in his blog that Tan intended to sound harsh when he criticised Prime Minister Datuk Seri Najib Tun Razak for setting May 5 as polls day and looked ignorant for being unaware of the fact that the Venezuelans had voted on a Sunday.
“The Bishop intended to sound harsh. Unfortunately, he was also a little too hasty and, I’d hasten to add, pitifully ignorant. He was obviously not aware that Venezuela, where well over 95 per cent of the population adheres to Christianity had just gone to the polls to elect their new President – on a Sunday,” wrote Rocky.
Blogger Eddy Daud had criticised the bishop stating that the country has successfully and peacefully held three general elections on a Sunday with no complaints whatsoever.
He wrote: “Voting on Sunday 5 May 2013 will start at 8.00 am and end at 5.00 pm and you can have your mass in the morning which shouldn’t take that long, and after that plenty of time for your flock to go to vote what.”
“So what do you want really Bishop Tan, the polls to be on a Friday? Rest be assured that the very tolerant majority Malaysian Muslims would not complain as they will find time to vote before or after Friday prayers, tak de hal punya (no problem),” he further wrote.
Below is a list of several Christian-majority countries which have held their last elections on a Sunday:
1) Germany (September 22, 2013)
2) Mexico (July 1, 2012)
3) Belgium (June 13, 2010)
4) Croatia (December 4, 2011)
5) Argentina (October 23, 2011)
6) Brazil (October 3, 2010)
7) France (April 22, 2012)
8) Spain (November 20, 2011)
9) Sweden (September 19, 2010)
10) Greece (June 17, 2012)
11) Colombia (May 30, 2010)
12) Romania (December 9, 2012)
13) Cyprus (February 17, 2013)
14) Luxemborg (June 7, 2009)
Source: MOLE
Chinese travellers now top spenders
Chinese travellers now top spenders
MADRID: Chinese travellers are the world's biggest tourism spenders, splashing out a record $102 billion on trips abroad in 2012, the UN World Tourism Organisation said Thursday.The number of Chinese travellers to foreign countries jumped from 10 million in 2000 to 83 million in 2012, the Madrid-based body said in a statement, attributing the spike to China's rising disposable incomes and an easing of travel restrictions.
"Expenditure by Chinese tourists abroad has also increased almost eightfold since 2000. Boosted by an appreciating Chinese currency, Chinese travellers spent a record $102 billion in international tourism in 2012, a 40 per cent jump from 2011 when it amounted to $73 billion," the UNWTO said.
China has now become the largest spender in international tourism, it added, noting that since 2005 the country had overtaken Germany, the United States, Italy, Japan, France and the United Kingdom in travel expenditure.
After China, travellers from Germany and the United States splurged the most on foreign trips, spending around $84 billion each in 2012.
Among other emerging countries, Russians and Brazilians are continuing to travel and spend more.
Russia jumped from seventh to fifth place with a 32-per cent increase in spending to $43 billion, while Brazil moved from the 29th place in 2005 to the 12th with an expenditure of $22 billion last year.
"The impressive growth of tourism expenditure from China and Russia reflects the entry into the tourism market of a growing middle class from these countries, which will surely continue to change the map of world tourism," said UNWTO secretary-general Taleb Rifai.
International tourist arrivals exceeded one billion for the first time last year despite global economic uncertainty and numbers will rise further in 2013, the UNWTO said in January.
Source: MOLE
Asia has world's most billionaires
BEIJING: Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, apparently overtaking North America for the first time.There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list.
Asia had 608 billionaires, North America 440 and Europe 324, it said in a statement.
It is believed to be the first time Asia has been named as home of the largest proportion of super-rich on any global list.
US business magazine Forbes said in its most recent international rich list, published in March last year, that the Asia-Pacific region had 315 billionaires, compared to 450 from North America and 310 in Europe.
Among individual countries, the United States and China dominated the Hurun list, with 408 and 317 billionaires respectively, followed by Russia, Germany and India.
Mexican telecoms czar Carlos Slim, 73, was ranked as the "Richest Man on the Planet" with a personal fortune of $66 billion. Slim also topped last year's Forbes global list.
US investor Warren Buffett and Amancio Ortega of Spain, founder of fashion brand Zara, were second and third in the Hurun Report rankings, with a net worth of $58 billion and $55 billion respectively.
Hong Kong investor Li Ka-shing kept his title of Asia's richest man with $32 billion, the seventh wealthiest person in the world.
"In China we've seen a huge urbanisation boom and that has created a lot of wealth in property," Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, told AFP.
Zong Qinghou, who heads soft-drink producer Wahaha, and Wang Jianlin of property developer Wanda were the only two from mainland China to make it into the top 100.
The Hurun Report estimated the total wealth of the world's dollar billionaires at $5.5 trillion, roughly the size of the Japanese economy last year.
"This past year has seen a rebound in the wealth of the private sector," it said, adding the net assets of the 10 richest people on the list rose 22 per cent over the year, or $250 million a day.
Real estate, telecommunications, media and technology and retail were the most common sources of wealth, it added.
Moscow has more billionaires than any other city in the world with 76, it said, edging out New York, Hong Kong, Beijing and London.
Hoogewerf said the true number of billionaires in the world could be three times higher as some super-rich hid their worth.
"Some people deliberately make their wealth a secret because... they gained it through illegal ways," he told reporters at a press conference. "Some others simply prefer to keep a low profile."
Hoogewerf, an accountant by training, previously compiled the Forbes rich list.
He said the survey methods included examining public information such as stock market reports, scouring artwork purchase records and tracking down philanthropical activities.
Italy vote is blunt message against austerity
Italy vote is blunt message against austerity
BRUSSELS: Italian voters handed Brussels a “blunt message” against its austerity policies, analysts and politicians said Tuesday, but the EU executive said there was no other way out of Europe’s economic woes.
Just as the eurozone debt crisis seemed to be melting away, the threat of political instability in Italy due to an election stalemate in the European Union’s fourth largest economy revived fears of fresh financial turmoil in the months ahead.
Leaders across Europe called for the quick formation of a stable government and former Belgian premier Guy Verhofstadt, leader of Europe’s centrist parties, said stability was key “if we want to avoid a return to the worst of the eurozone crisis.”
“It is a very difficult result for the EU as a whole,” said Martin Schulz, the German Social-Democrat president of the European Parliament, delivering the first official response in Brussels to the vote. “What happens in Italy affects us all.”
Schulz said the Italian vote was a clear expression of dissatisfaction, a message that people are ready to make sacrifices but not at any cost.
Bernadette Segol, leader of the European Trade Union Confederation (ETUC), said the gains made by parties that campaigned against the EU’s austerity formula — around 57 per cent — was a new signal of alarm.
“Many people don’t understand that Europe can find money to save the banks but not to relaunch growth,” she told AFP.
The polls saw a massive vote for a new populist anti-austerity party which came a close third to centre-left Democratic Party leader Pier Luigi Bersani and former premier Silvio Berlusconi on the right.
The big loser was outgoing prime minister Mario Monti, who was drafted in to run a technocratic government in the debt-strapped country after Berlusconi was ousted at the height of the financial crisis in 2011.
Monti’s failure to secure more than one out of 10 votes despite backing from across Europe showed the rising levels of dissatisfaction with Europe’s belt-tightening drive, said Jan Techau, head of the Carnegie Europe think tank.
“Europe-critical politicians won votes,” he said.
Techau said Italy had seen the biggest gains in recent years in Europe for a populist party — the anti-establishment Five Star Movement, driven by deep and long-lasting exasperation with a corrupt political class.
“Italy is the first country that has gone for that message,” he said.
“So far European democracy has been resilient. The bigger risk is countries like Spain and Portugal that (are in) … recession and stay in recession for a long time.”
The EU executive admitted that “we clearly hear the message of concern expressed by Italian citizens”, facing 11.6 per cent unemployment this year — almost 40 per cent for under-25s — after 10.6 per cent last year.
But Italy had to stick to its pledges of budget cuts and economic reforms, said the European Commission.
“Italy has made commitments vis a vis the Commission and other member states, on the reduction of its deficit, on the reduction of its debt, and on a number of other pledges of structural reform,” said commission spokesman Olivier Bailly.
Putting the changes off now would only mean more pain and greater austerity later, he said, adding: “What if we had not done anything … what would be the size of the bill … in five year’s time?”
The Italian economy has been in the doldrums for several years and is expected to shrink 1.0 per cent this year after 2.2 per cent in 2012, according to the latest EU forecasts.
Its accumulated debt is forecast at 128.1 per cent of GDP this year, more than double the EU limit of 60 per cent.
Pascal Delwit of the European Studies Institute said that Italy’s vote against austerity would likely trigger fresh efforts to rethink current policy.
“This message is primarily addressed at Germany, which orients policy in the eurozone,” he said. But with Chancellor Angela Merkl facing elections in the autumn, there may be little to no change till then, he said.
Source: MOLE
Nestle pulls out meals in Italy & Spain as horsemeat scandal grows
PARIS: Swiss giant Nestle has become the latest food company hit by Europe's horsemeat scandal, withdrawing two types of pasta meal from supermarket shelves in Italy and Spain due to contamination.The news came Monday as German discount chain Lidl pulled ready-made meals from the shelves of its Finnish, Danish, Swedish and Belgian stores as it also confirmed the presence of horsemeat.
Meanwhile the French firm that sparked the Europe-wide food alert, by allegedly passing off 750 tonnes of horsemeat as beef, was allowed to resume production of minced meat, sausages and ready-to-eat meals.
But Spanghero, whose horsemeat found its way into 4.5 million "beef" products sold across Europe, will no longer be allowed to stock frozen meat, France's Agriculture Minister Stephane Le Foll told AFP.
Nestle, the world's biggest food company, said in a statement that "our tests have found traces of horse DNA in two products," while assuring that there was no public health risk.
"The mislabeling of products means they fail to meet the very high standards consumers expect from us," it added. Therefore the company is voluntarily removing two chilled pasta products, Buitoni Beef Ravioli and Beef Tortellini, from sale in Italy and Spain immediately.
Nestle announced it was also suspending deliveries of all products using beef supplied by German firm HJ Schypke, a subcontractor of JBS Toledo.
A Nestle frozen meat product for catering businesses, produced in France, will also be withdrawn from sale.
Nestle apologised to consumers while assuring that actions being taken to deal with this issue will result in higher standards and enhanced traceability.
Earlier Monday German discount chain Lidl pulled ready-made meals from the shelves of its Finnish, Danish, Swedish and Belgian stores after tests confirmed the presence of horsemeat.
Lidl said last week it had found traces of horse in beef goulash and a tortellini bolognese product sold by its Austrian subsidiary.
Concerns about horsemeat first emerged in mid-January when Irish authorities found traces of horse in beefburgers made by firms in Ireland and Britain and sold in supermarket chains including Tesco and Aldi.
The scandal then intensified when French firm Comigel alerted Findus this month to the presence of horsemeat in the meals it had made for the food giant and which were on sale in Britain.
Since then, supermarket chains have removed millions of "beef" products as tests are carried out to detect horsemeat, which is eaten in many European countries but is considered taboo in Britain and others.
Horsemeat in "beef" ready-to-eat meals had already been confirmed in products found in Britain, Ireland, France, Austria, Norway, the Netherlands and Germany.
With Italy, Spain and Belgium now also tainted by the horsemeat scandal it appears that most of the continent has been affected.
France's DGCCRF anti-fraud office concluded after an initial inquiry that 500 tonnes of Spanghero horsemeat were sent to Comigel, whose frozen meals were sold to 28 companies in 13 European states.
Spanghero's sanitary licence was suspended last Thursday after it was accused of passing off huge quantities of mislabelled meat over a period of six months.
Spanghero on Friday again insisted it was not responsible for the mislabelling that has seen supermarket chains across the continent pull millions of suspect food products from their shelves.
"I don't know who is behind this, but it is not us," said Spanghero boss Barthelemy Aguerre, adding that the accusations were putting his 300 workers' jobs on the line. "I will prove our innocence."
Union leaders at Spanghero had warned that revoking its licence would put the company out of business.
The European Union, seeking to reassure nervous consumers that their food is safe and to end the horsemeat scandal, on Friday agreed the immediate launch of tests for horse DNA in meat products.
All parties have stressed that this is a food labelling issue, not a health issue.
Germany said Monday it planned to tighten checks and sanctions on food production under an action plan to counter the scandal.
Emigration from crisis-hit Italy rises by a third
Emigration from crisis-hit Italy rises by a third
ROME: Emigration from Italy rose by nearly a third last year to 79,000, with a growing number of young people choosing to leave the crisis-hit country, Italian media reported on Sunday, citing official data.
The number of Italian citizens registering as foreign residents rose from 61,000 in 2011. Most of the emigrants came from wealthier regions of northern Italy and their favoured destinations were Germany, Switzerland and Britain.
“Young people want to be valued and the Italian context does not allow this. That is why they try going abroad,” Alessandro Rosina, demographics lecturer at Milan’s Cattolica university was quoted by La Repubblica daily as saying.
“It would be wrong to stop the brain drain but there should be measures to allow circulation. Young people leave from every country but, unlike in the rest of Europe, Italy does not guarantee conditions for their return,” he said.
The data showed a sharp rise in emigrants from northern Italy compared to southern Italy — the source of waves of emigration during the 20th century — which accounted for just 27 per cent of the total from 61 per cent in 2011.
The highest number of emigrants last year — 13,156 people — came from the Lombardy region, which includes Italy’s business hub, Milan.
The figures showed that emigrants were becoming younger too, with those aged 20 to 40 making up 44.8 per cent of the total, from 28.3 per cent in 2011.
The data on Italian residents abroad are collated by the interior ministry.
Youth unemployment is at around 37 per cent as Italy endures its longest post-war recession, while the overall jobless rate was at 11.6 per cent in February — just lower than the record high of 11.7 per cent reached in January.
“The paradox is that people used to leave a poor country of farmers but today they are leaving… a technological and advanced country,” commentator Paolo Di Stefano wrote in the Italy’s best-selling Corriere della Sera daily.
Source: MOLE