The blue-chip FTSE 100 index held steady at 10,748.16 points, while the midcap FTSE 250 fell 0.55% to 24,508.66 points
International News via Reuters:
The UK’s FTSE 100 closed flat on Thursday, as gains in commodity-related stocks were offset by weakness elsewhere, led by a plunge in JD Sports shares after the company issued a downbeat forecast.
The blue-chip FTSE 100 index held steady at 10,748.16 points, while the midcap FTSE 250 fell 0.55% to 24,508.66 points.
• Britain’s JD Sports shed 14.32%, becoming the biggest decliner in the FTSE 100, after the sportswear and fashion retailer cut its profit outlook following a slump in second-quarter sales in its North American market.
• “Several profit warnings in the previous year put a lid on any share price appreciation, and this latest downgrade will do little to cheer investor spirits,” said Richard Hunter, head of markets at interactive investor.
• Shares of insurer Legal & General and wealth manager Investec fell 3.9% and 4.6%, respectively, as they traded ex-dividend.
• The yield on British 30-year government bonds edged up 2.6 basis points to 5.81% after having fallen to as low as 5.757% on Wednesday following a surprise U.S. Treasury buyback announcement.
• Oil prices climbed to three-week highs, driven by concerns that the impasse in the Iran war will mean continued supply disruption from the Middle Eastern producing region, advancing oil majors BP and Shell 2.4% and 0.6% respectively. [O/R]
• Gold miners also rose. Fresnillo added 2.7%, Endeavour Mining rose 2.07% and Pan African Resources gained 8.87%.
• Industrial metal miners climbed 0.6%.
• Consumer staples stocks British American Tobacco, Diageo and Unilever were also higher, offering support to the main index.
• Rail ticketing company Trainline fell 9%, extending its losses on Wednesday when news broke the competition regulator was at an early stage of investigating its ticket-pricing practices.
Reporting by Anand Gopal and Sruthi Shankar in Bengaluru; Editing by Harikrishnan Nair, Vijay Kishore and Barbara Lewis
Baki, who was born in Ecuador to Lebanese immigrant parents and lived in Lebanon during the 1975-1990 civil war, also pledged to lead a “renewal” of the United Nations
International News via Reuters:
Ecuadorean diplomat Ivonne Baki, one of eight candidates vying to become the next head of the United Nations, drew on her experience of Lebanon’s civil war on Thursday as she pledged to focus on conflict prevention in the role.
Baki, who was born in Ecuador to Lebanese immigrant parents and lived in Lebanon during the 1975-1990 civil war, also pledged to lead a “renewal” of the United Nations.
“More than 40 years ago, in a basement in Beirut, where I lived all through the war, I held my three children as bombs fell around us. In that moment, I made a promise that if they were spared, I would devote my life for peace. I’ve kept that promise ever since,” she said at an informal dialogue with U.N. states and civil society groups to assess candidates seeking to succeed Antonio Guterres.
Guterres steps down at the end of the year after two five-year terms as the organization’s secretary-general.
His successor faces pressure to reform the United Nations, which critics say has become bloated and costly. The 15-member U.N. Security Council is due to hold a second informal poll on the candidates on Friday.
Baki said the U.N. should prioritize preventing conflicts and pledged personal diplomacy to that end.
“I will be on the ground, not just at the desk in New York … in war zones, in areas of tension, engaging every party directly to stop conflict before they erupt,” said Baki, who is 75 and is the second oldest of the candidates.
Baki also pledged to work to make the Security Council more representative, saying it had remained “frozen in the geopolitical landscapes” of the end of World War Two.
A first straw poll at the end of July showed Costa Rica’s Rebeca Grynspan as a narrow frontrunner, followed by Guyana’s Carolyn Rodrigues-Birkett and Argentina’s Rafael Grossi.
Baki was only nominated this week so was not included in that poll. She is the second contender from Ecuador.
Other candidates can still join the contest and polling could continue into October or beyond.
VETO POWER
Avoiding a veto by any of the five permanent members of the Security Council – China, France, Russia, the United Kingdom and the United States – is vital, and the countries have widely differing worldviews.
Baki, who has served as an Ecuadorean government minister and as ambassador to France, Qatar and the United States, has previously told Ecuadorean radio that her candidacy has U.S. support and publicly acknowledged her friendships with President Donald Trump and former President Bill Clinton.
The United States has not commented on these remarks.
The other candidates are former Chilean President Michelle Bachelet, former Ecuadorean Foreign Minister Maria Fernanda Espinosa, former Senegalese President Macky Sall and Ugandan diplomat Olara Otunnu.
By tradition, the role rotates among regions, with Latin America seen as next in line, and there has been support for a first woman in the job.
Reporting by David Brunnstrom; Editing by Don Durfee and Sanjeev Miglani
The parliamentary elections in Serbia were originally set for December 2027
International News via Reuters:
Serbia will hold snap parliamentary elections on October 18 or 25, President Aleksandar Vucic said on Thursday, more than a month after he pledged at his party rally to schedule them.
“The parliamentary elections will be held on October 18 or 25. The exact date will be known in the coming days,” Vucic said in a live TV broadcast.
The parliamentary elections in Serbia were originally set for December 2027.
“On one list there will be the (ruling) Serbian Progressive Party with its list, on the other all other political options,” he said.
On June 27, Vucic, a populist, said he would resign within weeks and the country would hold early parliamentary and presidential elections, following 18 months of anti-government protests. This is the first time he gave possible dates for the vote.
The announcement by Vucic, who has been in power as president or prime minister for 12 years, came after more than a year of anti-corruption demonstrations led by students triggered by the collapse of an awning at a railway station in the northern city of Novi Sad in November 2024 in which 16 people died.
In the broadcast, Vucic did not say when he would resign to trigger an early presidential vote.
Analysts say Vucic may become a prime minister if his Serbian Progressive Party wins in parliamentary elections. That would continue a long trend in which the power in Serbia follows Vucic, regardless of his title.
Serbia is a candidate to join the EU, but Belgrade still has strong ties with Russia and China — a line Vucic has had to walk throughout his time in power.
Before joining the EU, Serbia must improve its rule of law, including conditions for free and fair elections, and root out corruption and organised crime. It also has to align its foreign policies with those of the bloc, the EU has said for years.
Opposition figures accused Vucic and his allies of violence against political opponents, rampant corruption, ties with organised crime and stifling media freedoms. Vucic and his allies deny these allegations.
Strancally Castle was built around 1830 on land overlooking the River Blackwater and underwent extensive renovation in 2003, according to a state architectural archive
International News via Reuters:
Meta CEO Mark Zuckerberg has bought a 19th-century Gothic-style castle overlooking a river in the southeast of Ireland, 200 kilometres (125 miles) from his company’s European headquarters, a spokesman said on Thursday.
Strancally Castle was built around 1830 on land overlooking the River Blackwater and underwent extensive renovation in 2003, according to a state architectural archive.
The transaction is not listed on the Irish state property price register. The Irish Times, which first reported the purchase, estimated the property might be worth between €20 million and €30 million.
A spokesman for Zuckerberg said he and his family were “excited to continue caring for this historic home and look forward to spending time in Ireland.”
Meta employs around 1,500 people in Ireland, where a number of U.S. tech multinationals have their European headquarters, in part due to the country’s favourable tax regime.
Reporting by Conor Humphries; editing by William James
The accident happened near Gorau in Goronyo local government area and rescue efforts are continuing, said Abdulkadir Yusuf, an area manager at the National Inland Waterways Authority
Bodies of victims of a boat accident lie in the forecourt of a community mosque ahead of their burial in Gorau, Sokoto State, Nigeria, August 20, 2026. Picture taken with a mobile phone. REUTERS/Abubakar Imam
International News via Reuters:
At least 40 bodies, mostly of children, have been recovered after an overloaded boat capsized in Nigeria’s northwest Sokoto state, local officials and residents said on Thursday.
The accident happened near Gorau in Goronyo local government area and rescue efforts are continuing, said Abdulkadir Yusuf, an area manager at the National Inland Waterways Authority.
Yusuf said around 40 children’s bodies had been found, while a lawmaker at the Sokoto state legislature from the area, Nasiru Adamu, said the death toll now stood at 43, with 16 rescued.
One local resident said the boat had been carrying farm owners and labourers hired to harvest rice and that more than 70 people had been onboard when it capsized. Another resident said there were 57 people on board.
Mustapha Umar, director of relief and rehabilitation at the state’s emergency management agency, said officials were heading to the scene and would provide further information later.
Deadly boat accidents are common in Nigeria, where overcrowding, poor maintenance and weak enforcement of safety regulations often contribute to disasters on the country’s rivers and waterways.
In January, at least 25 people died when a leaking boat capsized in Yobe state, northeast Nigeria.
Reporting by Hamza Ibrahim in Kano and Ahmed Kingimi in Maiduguri;Writing by Ben Ezeamalu and Chijioke Ohuocha;Editing by Alexander Winning and Gareth Jones
The blue-chip FTSE 100 index held steady at 10,748.16 points, while the midcap FTSE 250 fell 0.55% to 24,508.66 points
International News via Reuters:
The UK’s FTSE 100 closed flat on Thursday, as gains in commodity-related stocks were offset by weakness elsewhere, led by a plunge in JD Sports shares after the company issued a downbeat forecast.
The blue-chip FTSE 100 index held steady at 10,748.16 points, while the midcap FTSE 250 fell 0.55% to 24,508.66 points.
• Britain’s JD Sports shed 14.32%, becoming the biggest decliner in the FTSE 100, after the sportswear and fashion retailer cut its profit outlook following a slump in second-quarter sales in its North American market.
• “Several profit warnings in the previous year put a lid on any share price appreciation, and this latest downgrade will do little to cheer investor spirits,” said Richard Hunter, head of markets at interactive investor.
• Shares of insurer Legal & General and wealth manager Investec fell 3.9% and 4.6%, respectively, as they traded ex-dividend.
• The yield on British 30-year government bonds edged up 2.6 basis points to 5.81% after having fallen to as low as 5.757% on Wednesday following a surprise U.S. Treasury buyback announcement.
• Oil prices climbed to three-week highs, driven by concerns that the impasse in the Iran war will mean continued supply disruption from the Middle Eastern producing region, advancing oil majors BP and Shell 2.4% and 0.6% respectively. [O/R]
• Gold miners also rose. Fresnillo added 2.7%, Endeavour Mining rose 2.07% and Pan African Resources gained 8.87%.
• Industrial metal miners climbed 0.6%.
• Consumer staples stocks British American Tobacco, Diageo and Unilever were also higher, offering support to the main index.
• Rail ticketing company Trainline fell 9%, extending its losses on Wednesday when news broke the competition regulator was at an early stage of investigating its ticket-pricing practices.
Reporting by Anand Gopal and Sruthi Shankar in Bengaluru; Editing by Harikrishnan Nair, Vijay Kishore and Barbara Lewis
Canada’s minister responsible for trade with the U.S., Dominic LeBlanc, is due to meet U.S. Trade Representative Jamieson Greer on Thursday at 12:15 p.m. EDT (1615 GMT)
International News via Reuters:
Top trade negotiators from Canada and the U.S. will meet for the second day running in Washington on Thursday in a bid to finalize a trade deal that could help reduce months of tariffs and counter duties.
Canada’s minister responsible for trade with the U.S., Dominic LeBlanc, is due to meet U.S. Trade Representative Jamieson Greer on Thursday at 12:15 p.m. EDT (1615 GMT), his office said. Canada’s chief trade negotiator, Janice Charette, will also attend the meeting.
LeBlanc and Greer met on Wednesday and reported significant progress toward a deal that would stave off a U.S. threat to impose extra tariffs starting on Saturday.
Separately, U.S. Secretary of State Marco Rubio is scheduled to meet Canadian Foreign Minister Anita Anand at the White House later on Thursday.
The meetings come as the U.S. and Canada close in on a deal under which Washington could reduce tariffs on Canadian-built cars and trucks as well as steel and aluminum, a source familiar with the matter told Reuters on Wednesday.
The proposed deal is expected to cut the top-line tariff on Canadian-built vehicles to 15% from 25% and halve tariffs on Canadian steel and aluminum to 25%, the source said.
U.S. President Donald Trump said on Wednesday that Washington would make some tariff concessions and suggested that a deal would also remove Canadian tariffs on U.S. goods.
Prime Minister Mark Carney briefed Canada’s provincial premiers after LeBlanc’s meeting with Greer on Wednesday.
Some of the premiers later noted that Carney urged them to end a ban on U.S. alcohol, which is a particular irritant for Washington, if Canada manages to reach a deal with the U.S.
The U.S. and Canada, long-standing trading partners whose economies are deeply integrated, have been embroiled in a trade dispute since Trump imposed tariffs on imports of Canadian steel, aluminum and vehicles last year, prompting countermeasures from Ottawa.
Trump this week postponed until 12:01 a.m. EDT (0401 GMT) on Saturday a new 50% tariff on about $20 billion worth of Canadian goods, citing progress in negotiations and a deal subject to finalization of documents.
Reporting by Promit Mukherjee; Editing by David Ljunggren and Mark Porter
The Bermuda Bicycle Association has named a five-rider national team to represent Bermuda at the 2026 Caribbean Junior Road Cycling Championships in Belize.
The championships bring together leading young cyclists from across the Caribbean, with the competition programme running from August 20 to 24. The individual time trial will take place on Saturday, August 22, followed by the road race on Sunday, August 23.
Bermuda will be represented by:
Junior Men
• Jacob Wright – individual time trial and road race • Keon Stevens – individual time trial and road race
Juvenile Men
• Jonah MacGuinness – road race • Dylan Eiselt – individual time trial and road race • Jens Drea – individual time trial and road race
The team will be supported by Darren Glasford, Chequan Richardson and Peter Dunne.
Wright and Stevens return to the championships after making their debuts in Barbados in 2025, while MacGuinness, Eiselt and Drea are set to make their first appearances at the regional competition.
Wright earned a bronze medal in last year’s Juvenile Men’s individual time trial before producing an aggressive performance in the road race. Stevens also gained valuable international experience in his championship debut, which marked his first competition outside Bermuda.
“This is an exciting team that combines returning championship experience with three riders competing at this level for the first time,” said Peter Dunne, President of the Bermuda Bicycle Association. “Representing Bermuda at a regional championship is an important step in a young rider’s development. We are looking forward to seeing each of them embrace the opportunity, support one another and compete with determination.”
The championship time trial will be held on Boom Road. Junior Men will race over 20 kilometres, while the other categories will complete a 15-kilometre course.
The road race will take place on a circuit along the Philip Goldson Highway. Junior Men will complete 12 laps covering 93.6 kilometres, while the other categories will race eight laps over 62.4 kilometres.
Before racing begins, Bermuda’s riders will join the other participating nations for the official national team presentation on Friday, August 21, at the Best Western Belize Biltmore Plaza.
The championships form an important part of the Bermuda Bicycle Association’s junior development pathway, giving young riders the opportunity to experience international competition and test themselves against the Caribbean’s emerging cycling talent.
The Bermuda Bicycle Association wishes the riders and support team every success as they prepare to represent the island in Belize.
A Brazilian national has been charged with transmitting a false image, contrary to the Electronic Communications Act.
Under the guidance of the Director of Public Prosecutions, charges were approved against Victor Bahia.
It is understood that the charges are in connection with the image of a rattlesnake that was reportedly spotted in Southampton two months ago.
Appearing in Magistrates’ Court this morning, Mr. Bahia denied sharing false information. Another man, an Azorean national, Alvaro Cro, was charged with making a declaration to police on July 30th that was false. He, too, pleaded not guilty.
When the charges were read, both men stood up together … Mr. Bahia in the custody dock, and Mr. Cro in the public gallery.
It is understood both men are guest workers, and a translator was needed to communicate the charges to the defendants.
Earlier today, a statement on behalf of the Director of Public Prosecutions read: “The criminal proceedings against Victor Bahia concern the role alleged to have been played by him in the distribution of an image which ultimately came to be the subject of great national concern.”
The DPP acknowledged the “thorough investigation” carried out by the Bermuda Police Service towards identifying the appropriate person to be charged, adding: “The matter is now before the court, and all parties await judicial resolution of the charges.”
Today’s statement continued: “Members of the public are urged to be responsible when sharing information with each other, and the Department of Public Prosecutions … stands ready to prosecute allegations of mischievous misuse of electronic communications where it is in the public interest to do so.”
The case was adjourned by Magistrate Tyrone Chin until September 21.
BermudAir, the leading premium leisure carrier to Bermuda and the Caribbean, today announced the launch of the New York area’s first-ever nonstop service to South Caicos (XSC), with twice-weekly flights from Newark Liberty International Airport (EWR) beginning this winter. The three-and-a-half-hour route will create direct access from the New York metro area to one of the Caribbean’s most exclusive island destinations, home to Salterra, A Luxury Collection Resort & Spa.
South Caicos offers travelers a quieter, more intimate expression of the Turks and Caicos Islands than better-known Providenciales. A small island community shaped by generations of salt production and fishing, South Caicos remains defined by historic salinas, wild donkeys, flamingos that frequent its salt ponds, expansive bonefishing flats, coral reefs and uninhabited cays. From January through early April, the waters surrounding South Caicos also lie along the seasonal migration of humpback whales, offering opportunities to encounter mothers and calves as they pass through the region. The new nonstop gives travelers direct access to the island’s living history, natural landscapes and deeply rooted connection to the sea and the opportunity to experience South Caicos without connecting through Providenciales. Flights are subject to Government approval.
The seasonal service begins December 20, 2026, and will operate on Sundays and Thursdays through April 25, 2027. The twice-weekly BermudAir service will increase scheduled international flight frequency to South Caicos from two to four flights per week during the winter season. Fares start at $347 one way ($773 roundtrip) and go on sale today. The Thursday-Sunday schedule makes three- and four-night escapes as well as weeklong stays convenient from the New York area. Salterra will offer dedicated stay packages timed to the new service.
The new service grew out of an airlift initiative led by Salterra to establish a direct connection between the New York market and South Caicos. Salterra worked with BermudAir to develop the opportunity and support the launch of the route, with the broader goal of creating a new gateway for South Caicos and expanding tourism and economic opportunity across the island.
“Adding South Caicos to our new Turks service gives travelers something genuinely different within the Turks and Caicos Islands, and we saw a compelling opportunity when Salterra approached us about connecting the island directly with the New York market,” said Adam Scott, Founder and CEO of BermudAir. “Michael and his team shared a clear vision for what improved air access could mean for the entire destination. This route is about more than adding another point to our Caribbean network. It creates easier access to an exceptional island while generating meaningful economic activity and supporting South Caicos’ next chapter of sustainable tourism growth.”
Set across 85 beachfront acres with 3,000 feet of private white-sand beach, Salterra opened in 2025 as the first Luxury Collection resort in the Turks and Caicos Islands. Its design draws directly from South Caicos, using coral stone, warm natural materials and a palette inspired by the salt flats to create a contemporary interpretation of the island rather than a conventional Caribbean resort. Upon landing at South Caicos International Airport (XSC), guests are approximately 10 minutes from the resort.
“When we decided to build Salterra, we knew we couldn’t think only about the resort — we had to think about the destination,” said Michael Tibbetts, Founder and CEO of Salterra. “Air access was one of the biggest opportunities, which is why we worked with BermudAir to create a direct connection between South Caicos and New York. We are proud to have helped bring this route to life, but its significance extends far beyond Salterra. It creates a new gateway to South Caicos and new opportunities for the businesses, people and community that make the island so extraordinary.”
The South Caicos launch builds on BermudAir’s broader expansion in the Turks and Caicos Islands, including previously announced service to Providenciales from six U.S. gateways. Flights to South Caicos will be operated on Embraer E190 aircraft, offering passengers the airline’s signature warm service and authentic island hospitality.
While flights go on sale today, the airline’s BermudAir Holidays vacation-packaging division will offer curated travel to South Caicos from next month, featuring flights, hotels and authentic island experiences, with bundled discounts and value-added perks, making it even easier to explore the destination.
Previously BermudAir announced seven new routes to Providenciales in Turks and Caicos, from Newark (EWR), Boston (BOS), Baltimore-Washington (BWI), Raleigh-Durham (RDU), Fort Lauderdale (FLL), St Petersburg/Tampa (PIE) and Toronto (YYZ) which will all start in December except for Fort Lauderdale which begins October 26.
For more information or to book flights, visit www.flybermudair.com. To book Salterra’s dedicated air-and-stay packages or a resort stay, visit www.salterra.com.
Statement issued on behalf of the Director of Public Prosecutions:
Under the guidance of the Director of Public Prosecutions, charges were approved against Victor Bahia, a Brazilian national, for transmitting a false message contrary to section 66 of the Electronic Communications Act.
The criminal proceedings against Victor Bahia concern the role alleged to have been played by him in the distribution of an image which ultimately came to be the subject of great national concern.
The Department of Public Prosecutions acknowledges the thorough investigation carried out by the Bermuda Police Service towards identifying the appropriate person to be charged.
The matter is now before the court, and all parties await judicial resolution of the charges.
Members of the public are urged to be responsible when sharing information with each other, and the Department of Public Prosecutions remains committed to its mandate to provide Bermuda with an independent, efficient and effective prosecution service, and stands ready to prosecute allegations of mischievous misuse of electronic communications where it is in the public interest to do so.
Editor’s note: A second person also appeared in court this morning in connection with this case. Details to follow.
The 6.2-magnitude earthquake and aftershocks destroyed much of Amatrice’s historic centre and many outlying areas, leaving several thousand people homeless
International News via Reuters:
In the early hours of August 24, 2016, Giorgio Cortellesi stumbled through the dust and darkness of Amatrice, fearing his children were dead, buried beneath tons of rubble.
His two young sons had been staying overnight with their grandparents when an earthquake levelled much of the central Italian hilltown.
Rushing over from a nearby hamlet, Cortellesi found the streets in ruins, muffled cries rising from collapsed homes. Then he caught the sound of one of his sons calling for help.
“I didn’t think I would find them alive, but when I heard his voice, it was as if I started breathing again,” said Cortellesi.
He promised himself that if his boys survived he would help rebuild Amatrice, which bore the brunt of the calamity, with 237 people dying in the town out of a total death toll of 303.
Elected town mayor in 2021, Cortellesi is trying to make good on his pledge, but it isn’t easy.
LIFE ON HOLD
The 6.2-magnitude earthquake and aftershocks destroyed much of Amatrice’s historic centre and many outlying areas, leaving several thousand people homeless.
The state has promised to pay for the vast bulk of the reconstruction and has so far approved private and public sector projects worth €22.7 billion ($26.3 billion) across the disaster zone. Around €10 billion has been paid out to date.
In Amatrice, 38% of the damaged properties have been restored, with the pace of building picking up markedly over the past 12 months. Cranes dot the town and clusters of pristine new homes have sprouted amidst the desolation.
Even so, only a small proportion of the structures flattened in 2016 have been rebuilt. Much of the historic centre remains behind barriers, where two lone towers that survived the earthquake gaze over the blasted wasteland.
Around 1,000 people, roughly 60% of the population, still live in small, prefabricated shelters, while each year a few families drift away, seeking a brighter future elsewhere.
“After 10 years many people have lost faith,” said Cortellesi. “We need to keep on encouraging them, but we can’t do more than we are already doing.”
LONG ROAD BACK
As with other major Italian earthquakes, such as L’Aquila in 2009, Amatrice’s reconstruction got bogged down in bureaucracy, legal disputes and shifting priorities.
The COVID-19 pandemic disrupted rebuilding efforts, while Italy’s generous “Superbonus” renovation scheme, intended to revive the virus-hit economy, pushed up the cost of building materials and siphoned off labour to more lucrative projects across Italy.
“The Superbonus led to an almost total stop that lasted two years. It was a disaster,” said Cortellesi.
Rebuilding densely packed medieval neighbourhoods was complicated by multiple owners, inheritance disputes and unresolved property claims that made every planning application a legal minefield.
Officials say fears of mafia interference in the adjudication of multi-million-euro contracts added further layers of scrutiny that snarled some projects for years.
Yet for some survivors, the slow pace of reconstruction has been only one part of a much deeper struggle to remain.
Daniele Bonanni lost his mother, sister and nephew in the earthquake, leaving just him, his niece and her baby daughter alive. A sought-after chef, Bonanni could easily have moved on. Instead he stayed put.
“It seemed wrong to abandon the place where I grew up and where my family built a life,” he said. “Perhaps it was a mistake. Even today I cannot say for certain.”
For years, descendants of Amatrice families returned each August to homes inherited from parents and grandparents, but many of those properties were lost.
“People once came for the summer, now they come for lunch,” said Bonanni, who runs a chic restaurant in a food village established for chefs who had lost their businesses.
“If you create a generational break of 10 or 15 years, the bond dies,” he said.
FINANCIAL TRAP
Few embody the frustrations of reconstruction more than brother and sister Alfredo and Elisabetta Perilli.
They lost many relatives and their respective homes in the centre of Amatrice. Alfredo still has to pay the mortgage on his old house, trapping him financially.
“The building no longer exists, but the bank wants its money every month,” he said.
The Perillis also lost their family-run restaurant and hotel, with the land it once occupied now serving as a temporary access route for the reconstruction of a hospital. Building work was scheduled to finish in 2022.
Until they get their site back, they cannot submit reconstruction plans for approval. “If they go on much longer I won’t have the strength to start rebuilding,” said Elisabetta.
Such delays have left Cortellesi wondering whether some of the choices made after the earthquake were the right ones, including the core decision to recreate much of the town on its original site and largely in its former image.
“What we will have is a facsimile,” he said, acknowledging that much of the medieval masonry had gone.
“Personally, I would have redesigned the town in a modern way. Once everything had been wiped away, I think something new could have been created, but it is too late to turn back.”
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