-
JUMO and Standard Bank launch Social Finance Framework to scale inclusive finance in Africa
-
UK lawmakers to vote again on failed assisted dying bill
-
Doomsday tech: could AI really kill us all?
-
India welcomes Russia, Iran leaders for BRICS summit overshadowed by war
-
Yemen's Houthis complete takeover of Bab al-Mandab area: govt official to AFP
-
Italian feminist fighter Emma Bonino dies
-
Toronto film festival kicks off with ode to political activism
-
White blazers, pink ties as North Koreans land in Japan for Asian Games
-
French comedy show 'Call my agent' makes film comeback
-
Stocks tumble as oil and inflation worries fan rate hike bets
-
Indonesia seeks to bring back baby orangutans allegedly trafficked to India
-
Tiny Elversberg 'leave Earth's orbit' as Bayern come to town
-
World Cup winner Juan Mata hangs up boots at Melbourne Victory
-
Indonesia to bring back baby orangutans allegedly trafficked to India
-
From potato chips to silicon chips: lobbies cover all in Brussels
-
Business booms as lobbyists push 'priorities' in EU capital
-
Fast-pace dance takes I.Coast's working-class streets by storm
-
All Blacks coaching great Steve Hansen joins rugby league side Manly
-
Putin in India for BRICS summit overshadowed by war
-
'Desperate' Sabalenka books US Open title clash with Rybakina
-
No jet lag for 49ers as Purdy routs Rams in Australia
-
Rybakina rallies to beat Gauff, book US Open final with Sabalenka
-
Mourinho seeking 'killer' Vinicius as Real Madrid face Rayo
-
Manchester derby poses Maresca's first big test, Chelsea aim to end Hull Honeymoon
-
Vance assails Democratic 'hatred' in fiery US midterm pitch
-
It's all coming back: Celine Dion fans gear up for Paris return
-
Celine Dion: the Quebec star's long and painful road to return
-
Fans celebrate Celine Dion's Paris return with giant karaoke
-
Stocks tumble as oil and inflation fan rate hike bets
-
'Insane' Sabalenka powers past Pegula into US Open final
-
Philippine Coast Guard battles smoke in search for ferry fire missing
-
Hong Kong sentences Tiananmen activists to between 5 and 7 years in jail
-
Researchers eye AI revolution in natural disaster forecasts
-
Yu Zidi: fearless swimming prodigy, 13, with Olympics in her sights
-
Indian filmmaker Anuparna Roy: blocked at home, feted in Europe
-
Japan feminist theatre fights misogyny in 'cute' fashion
-
Appreciation, anger await as Trump heads to Irish golf resort
-
Vance assails Democratic 'hate' in fiery US midterm pitch
-
Ronaldo takes last crack at Asian glory as Saudi teams set to dominate
-
Party leaders trade barbs before Swedish election
-
Statecraft or scripture: Why Pacific nations want Jerusalem embassies
-
China, Iran among countries that have used AI to aid spying, Anthropic says
-
Hong Kong to sentence Tiananmen vigil activists for subversion
-
Sabalenka storms past Pegula to reach US Open final in bid for three-peat
-
US braces for inflation report that may push Fed to hike rates
-
Two-time defending champion Sabalenka powers past Pegula into US Open final
-
Australia unveil Slingsby-led elite team for America's Cup challenge
-
Tremor recorded as Israel says Hezbollah tunnels destroyed in south Lebanon
-
Helio Corporation Highlights Federal SBSP Investment, Fourth Patent Filing, and Southwest Investor Roadshow as Momentum Accelerates
-
Encision Completes $80,000 Private Placement
Venice glassblowers scorched by blazing energy bills
The blown glass creations forged in the furnaces on Venice's Murano islands are prized around the world -- but soaring gas prices are threatening the centuries-old craft.
"It's a huge problem... A hurricane has hit the economy," Luciano Gambaro, head of the Promovetro glass association, told AFP, describing bills that have risen a whopping 600 percent.
Murano's artisans fashion everything from tiny, coloured animals to majestic chandeliers, seven days a week.
To do so, they need one key thing: heat. Energy is their second biggest expense, after labour costs, and they are suffering from record gas prices worldwide.
They were paying 20 cents ($0.23) per cubic metre until September.
"On the December bill, the price was 1.27 euros, a rise of over 600 percent," said Gambaro, who employs six people and is feeling the strain.
There have been glassmakers on Murano -- a series of islands linked by bridges -- since the 13th century, when they were moved from Venice proper after devastating fires which began in their furnaces.
Some have kept their creations in vogue by partnering with renowned designers. Others have seen their glass included in art displayed in major museums.
In a bid to stave off a crisis, the Veneto region forked out three million euros in November to help compensate for the glassmakers' spiralling energy costs.
"Unfortunately, that will all be used up by the end of February," said Gambaro, who admitted to being "very worried" about the prospect of "paying the full price from March".
It is "a bigger problem than Covid", he said, in reference to the coronavirus pandemic which hit Italy in 2020, forcing a series of financially-punishing lockdowns, and emptying Venice of its big-spending tourists.
- 'Tip of the iceberg' -
Cristiano Ferro, whose company Effetre Murano employs 32 people and makes semi-finished products -- brightly coloured blocks, rods and sheets to be shaped and crafted by glassmakers -- in 16 kilns, says gas prices are "just the tip of the iceberg".
"All the raw materials have increased by 20, 30, 40, 50 percent: sand, soda and all the mineral oxides used to colour the glass," he said.
Companies like his have few solutions, apart from upping their own prices.
"We have increased the costs by 15 to 30 percent, now we'll see how the market reacts," Gambaro said.
There is no quick fix: it is very costly to shut down and restart the furnaces.
Instead, he said European countries need to put pressure on supply countries -- in this case Russia -- with jointly-agreed countermeasures.
- 'We will overcome it' -
It is not just the workshops along Murano's picturesque canals that are feeling the pain.
Manufacturers and consumers across Italy are being hit by soaring gas and electricity bills, and the government has so far pledged 5.5 billion euros in support.
Despite the threat to Murano and its glassmakers, Gambaro refuses to despair.
"We have a problem, but we will overcome it," he said. "We have been here for a thousand years."
P.Martin--AMWN