US OKs potential sale of missiles and bombs to Italy, Pentagon says
WASHINGTON (Reuters) – The U.S. State Department has approved the potential sale to Italy of air-to-air missiles and small diameter bombs, the Pentagon said on Thursday. Italy has requested to buy 125…
Italy risks raising next to nothing from bank tax, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy risks collecting minimal proceeds from a windfall tax on banks after it gave lenders the option to set aside money instead of…
Italy service sector contracts fractionally for second month – PMI
ROME (Reuters) – The Italian services sector contracted marginally for a second month running in September, a survey showed on Wednesday, signalling ongoing weakness in the euro zone’s third largest economy. The…
Italy inflation could drop to 3.4% by year-end, minister says
ROME (Reuters) – Italy’s inflation rate could fall to 3.4% by the end of this year, far below the current level over 5%, thanks to measures to rein in prices of essential…
Italy Aug unemployment rate at multi-year low of 7.3%, as job growth resumes
ROME, Oct 2 (Reuters) – Italy’s unemployment rate fell unexpectedly in August to 7.3%, the lowest since January 2009, national statistics bureau ISTAT reported on Monday, as a net 59,000 jobs were…
Glencore may look elsewhere for recycling hub after Italy rejects fast-track approval
MILAN (Reuters) – Glencore Plc may look at alternative options for a recycling hub in Europe for electric car batteries after the Italian region of Sardinia rejected a fast-track approval process for…
Italy plans 21-billion euro asset sell-off to keep debt in check
By Giuseppe Fonte ROME (Reuters) – Italy aims to raise at least 1% of gross domestic product (GDP), or roughly 21 billion euros ($22.2 billion), through asset sales between 2024 and 2026,…
Italy hikes 2023 debt issuance as public finances creak
By Sara Rossi and Valentina Consiglio MILAN/ROME (Reuters) -Italy on Friday increased its estimate for debt issuance this year due to its worsening state finances and delays in transfers from the European…
Italy agrees steps with retailers to control prices of staple goods
ROME (Reuters) – Italy on Thursday signed off a deal with distributors’ associations to try to control the prices of essential goods in the last quarter of this year, though the last…
Italy parliament panels amend bank tax to offer opt-out option
ROME (Reuters) – Two Italian parliamentary committees have approved a government amendment that revisits a contested windfall tax on banks by giving lenders the option to boost their reserve buffers instead of…
Napolitano, president who helped save Italy from possible default, dies at 98
By Steve Scherer ROME (Reuters) – Giorgio Napolitano, who died on Friday aged 98, was one of modern Italy’s most important presidents as he steered the country away from the brink of…
Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say
By Giuseppe Fonte ROME (Reuters) – Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product (GDP) from the current 4.5% target, sources told Reuters, pushed up by…
Germany says it will keep taking in migrants from Italy after all
FRANKFURT (Reuters) – Germany has decided to keep taking in migrants and refugees arriving in Italy, the interior minister said late on Friday, two days after it announced the suspension of a…
Germany suspends voluntary deal to take in refugees from Italy
BERLIN (Reuters) – The German government has suspended an agreement with Italy to voluntarily take in refugees because Rome is not honouring its obligations under the European Union’s Dublin rules, said a…
EU cuts Italy GDP outlook, crimping room for Meloni’s budget promises
By Giuseppe Fonte ROME (Reuters) – The European Commission on Monday cut its forecasts for the Italian economy this year and next, following a slew of weak data which limits Prime Minister…
Intesa Sanpaolo chairman sees limited impact from Italy windfall tax
CERNOBBIO, Italy (Reuters) – The chairman of Intesa Sanpaolo sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy’s biggest…
Italy offers digital euro expert Cipollone for ECB post
By Giselda Vagnoni ROME (Reuters) – Piero Cipollone, Italy’s choice for the European Central Bank’s executive board, has a reputation for discreetly helping Rome’s eurosceptic government rub along with EU institutions and…
EU unlikely to approve new fiscal rules this year -Italy minister
ROME (Reuters) – The European Union is unlikely to agree on new fiscal rules by the end of this year as planned, Italian Economy Minister Giancarlo Giorgetti said on Monday. The EU…
NYC Publishing Exec Dies in Boat Crash in Southern Italy
In a tragic incident off the Amalfi Coast in southern Italy, Adrienne Vaughan, the head of the U.S. division of Bloomsbury, a renowned British publishing group known for the Harry Potter novels,…
Italy plans measures to support key sectors including microelectronics
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) – Italy is preparing measures to support strategic industrial sectors including microelectronics and promote foreign investment programmes worth at least 1 billion euros ($1.1…
Italy plans $2.2 billion fund to support key supply chains
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bolster strategically important supply…
Acting Governor Falls Ill While Murphy in Italy; So Who is the New Jersey Governor Now?
TRENTON, NJ – New Jersey is facing a peculiar event today as Lt. Governor Sheila Oliver, who was serving as acting Governor for Phil Murphy is currently receiving medical attention at a…
Italy eyes deal with supermarkets to control prices of essential goods
By Giuseppe Fonte ROME (Reuters) – Italy’s government is trying to broker a deal with supermarkets and producers to control prices of essential consumer goods in a measure that would be implemented…
Italy collects around $3 billion from 2023 energy windfall tax
By Giuseppe Fonte ROME (Reuters) – Italy has collected around 2.8 billion euros ($3.07 billion) from this year’s windfall tax on energy companies, people familiar with the matter told Reuters on Monday.…
Italy rounds on “simplistic” ECB over rate hikes
By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank over repeated interest rate hikes, saying it was following a “simplistic” policy…
Stellantis getting help from dealers to deliver cars in Italy
MILAN (Reuters) – Stellantis has reached a deal with Italian dealers to help the carmaker deliver vehicles at a time of prolonged logistical disruption in Europe, the group’s head for Italy Santo…
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