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…
Asked about Italy, ECB’s Lagarde says she won’t fix ‘policy errors’
FRANKFURT (Reuters) -The European Central Bank won’t use its latest emergency scheme to buy the bonds of countries that make “policy errors”, its President Christine Lagarde said on Monday in response to…
“Finally!” Brothers of Italy militants in tears after victory
By Angelo Amante ROME (Reuters) – At 2:30 a.m. came the moment that militants of the right-wing Brothers of Italy party had been waiting for, when their leader Giorgia Meloni appeared at…
Italy to slash 2023 growth forecast to just above 0.5%, sources say
By Giuseppe Fonte ROME (Reuters) – Mario Draghi’s outgoing Italian government is preparing to cut its growth estimate for 2023 to just above 0.5% as the energy crisis weighs on the euro…
Italy election set to crown Meloni head of most right-wing govt since WW2
By Crispian Balmer ROME (Reuters) – Italy’s parliamentary election on Sunday could make history, giving the country its first female prime minister at the head of its most right-wing government since World…
At least 10 dead as flash floods hit central Italy
By Cristiano Corvino CANTIANO, Italy (Reuters) -At least 10 people were killed by torrential overnight rains and floods in the central Italian region of Marche, authorities said on Friday, as rescuers continued…
Exclusive-Ratings agency Scope sees little room for abrupt change after Italy vote
By Sara Rossi and Alessia Pe MILAN (Reuters) – Any new government in Italy will have little room for rolling back reforms or pursuing “unorthodox” economic policies because of political and market…
Italy must cut energy bills even if it pushes up debt, says election centrist
By Giselda Vagnoni and Gavin Jones ROME (Reuters) – Italy must quickly cut energy bills for firms and households even if it means hiking the country’s towering public debt, the leader of…
Italy in talks with EU over renewal of GACS bad loan scheme – sources
MILAN (Reuters) – Italy is holding talks with the European Commission over the renewal of a scheme that allows the state to provide guarantees in order to help banks offload bad loans,…
Italy service sector returns to modest growth in August – PMI
ROME (Reuters) – Italy’s service sector grew slightly in August after contracting the month before as inflationary pressures eased somewhat, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for…
Popes who resign are humble, Francis says in central Italy visit
By Philip Pullella L’AQUILA, Italy (Reuters) – Pope Francis, who has often said he may step down in the future if bad health impedes him from leading the Catholic Church, on Sunday…
Italy asks bidders to recast proposals for Ita Airways
ROME -Italy has asked bidders willing to take over Ita Airways to come up with improved proposals, the economy minister said on Thursday, because the government does not deem the current bids…
Italy approves anti-inflation package worth 17 billion euros-PM
ROME – Italy’s government on Thursday approved an economic aid package worth 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and consumer prices, Prime Minister…
Italy parliament approves competition bill to unlock European funds
ROME – The Italian parliament has given its final approval to a highly contested bill to promote competition in product and services markets, required to help secure a new tranche worth 19…
Italy service sector contracts in July – PMI
ROME – Italy’s services sector contracted in July for the first time since January as new business fell and inflationary pressures rose, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index…
Italy manufacturing sector contracts in July -PMI
ROME – Italy’s manufacturing sector contracted in July for the first time in more than two years, a survey showed on Monday, amid a sharp decline in factory production. The S&P Global…
Italy business and consumer confidence morale fall in July as political instability returns
ROME, July 27 – Morale amongst Italian businesses and consumers fell in July, a month that marked the return of political instability to Italy with the collapse of Prime Minister Mario Draghi’s…
Italy preparing stimulus package worth up to $13.3 billion – Treasury official
ROME – Italy is preparing a new stimulus decree worth up to 13 billion euros ($13.3 billion) to help families and firms deal with a surge in electricity, gas and petrol costs,…
Italy lost more jobs than EU partners during COVID crisis – ISTAT
By Valentina Consiglio and Gavin Jones ROME – Italy’s labour market was hit harder than those of most of its European Union peers during the COVID-19 crisis of 2020 and 2021, widening…
Stellantis, unions agree further 1,820 voluntary exits in Italy
MILAN – Carmaker Stellantis and unions on Thursday signed an agreement to cut up to 1,820 more workers from the group’s Italian operations this year through voluntary redundancies, workers’ representatives said. Incentives…
Italy service sector growth slows for second month in June -PMI
ROME – Italy’s services sector growth slowed for a second month running in June amid high inflation and faltering demand, a survey showed on Tuesday. S&P Global’s Purchasing Managers’ Index (PMI) for…
Oscar-winner Paul Haggis released from house arrest in Italy, lawyer says
MILAN – An Italian judge on Monday ruled that Oscar-winning screenwriter and director Paul Haggis should be released from house arrest while authorities continue to investigate allegations that he raped a woman,…
Chip crunch to cut Stellantis’ Italy 2022 output by up to 220,000 vehicles -union
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would…
Italy June manufacturing growth slowest for two years -PMI
ROME – Italy’s manufacturing sector grew at the slowest pace in two years in June, a survey showed on Friday, as firms reported weak demand and increasingly downbeat expectations. The S&P Global…
Italy says can exceed 3.1% growth target for 2022 despite energy prices
ROME – Italy’s Treasury said the country’s economy could grow this year by at least as much as Rome’s official target of 3.1% set in April, despite the negative impact of surging…
Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
By Matthieu Protard PARIS -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees strong potential for its business in Italy,…
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