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…
Analysis: Why us? Italy seeks way out of low-wage economy trap
By Gavin Jones ROME – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed up with the pay and conditions: eight euros per hour,…
Italy sees EU nod over Monte dei Paschi nearing – sources
By Giuseppe Fonte and Valentina Za ROME – Italy expects to reach an informal agreement with European Union authorities soon over new restructuring goals for Monte dei Paschi di Siena (MPS) and…
Italy statistics bureau cuts growth forecasts, warns of “strong downside risks”
By Gavin Jones ROME – Italy’s economy will grow by 2.8% this year, national statistics bureau ISTAT said on Tuesday, slashing a 4.7% projection made in December as high raw material prices…
Electric vehicles not the only way to meet CO2 targets, Italy car lobby says
MILAN – Electric vehicles are not the only effective route to reducing carbon emissions produced by the car industry, the head of Italy’s automotive lobby said on Tuesday. Other technologies could help…
Italy business and consumer morale rise in May but manufacturing still downbeat
ROME, May 26 – Morale amongst Italian businesses and consumers rose in May, data showed on Thursday, with service industries regaining confidence despite the ongoing war in Ukraine while manufacturers remained downbeat.…
EU cracks widen over Ukraine as Italy, Hungary urge truce
By Francesco Guarascio BRUSSELS – Italy and Hungary have urged the EU to call explicitly for a ceasefire in Ukraine and peace talks with Russia, putting themselves at odds with other member…
Uber seals taxi deal to expand its business in Italy
MILAN – Uber Technologies Inc has clinched a deal to integrate its ride-hailing app with Italy’s largest taxi dispatcher as it seeks to boost its presence in the eurozone’s third-largest economy, the…
Italy extends vetting powers to protect key national assets
ROME – Italy’s parliament has extended Rome’s special vetting powers to protect its key national assets by including the hydroelectric sector and new companies that plan to operate in industries deemed strategic,…
Payback time, Italy seeks to lessen COVID loan burden
By Valentina Za, Giuseppe Fonte and Francesco Zecchini MILAN – Gianni Polidori served a final espresso in his freshly renovated cafe in the Italian port of Ancona at the end of March.…
Italy sets aside more money to boost capital at Monte dei Paschi – sources
By Giuseppe Fonte ROME – Italy is beefing up a 1.5-billion-euro ($1.6 billion) money pot destined for state-owned bank Monte dei Paschi di Siena (MPS), three sources close to the matter said,…
UniCredit launches staff training pilot project in Italy
MILAN – Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture…
Italy approves 14 billion euros of stimulus measures as growth outlook weakens
ROME – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact of the war in Ukraine, Prime Minister…
Stellantis, unions agree further 480 voluntary exits in Italy
MILAN – Carmaker Stellantis has agreed with unions it will cut 480 jobs this year at its Mifariori facility in Turin through voluntary redundancies, Italy’s FIM-CISL union said on Monday. The deal…
Germany takes Italy to UN court again over Nazi compensation claims
THE HAGUE – Germany has filed a case against Italy at the highest U.N. court because Rome continues to allow victims of Nazi war crimes to claim compensation from the German state…
Italy says Western leaders agreed to step up pressure on Moscow-statement
ROME – Western leaders agreed on the need to put more pressure on Russia and to increase Moscow’s international isolation following its invasion of Ukraine, an Italian government statement said on Tuesday.…
Italy to set up unit to scrutinise takeovers of strategic firms -sources
By Giuseppe Fonte ROME – Italy plans to beef up its scrutiny of corporate takeovers with a new dedicated division at the cabinet office to oversee merger deals involving strategic companies, two…
Italy unions protest over projected decline in school spending
By Gavin Jones and Angelo Amante ROME – Italian government forecasts showing a steady decline in education spending triggered an angry reaction on Monday from the country’s trade unions, which threatened strikes…
Italy cuts growth impact of Recovery Plan, EU funds
By Giuseppe Fonte and Gavin Jones ROME – Italy has reduced its estimates for the economic growth impact of European Union funds and reforms connected with its Recovery Plan, a Treasury document…
Italy approves new car incentives of 650 million euros per year
ROME – Italian Prime Minister Mario Draghi has signed a decree to allocate 650 million euros ($709 million) per year from 2022 through 2024 for incentives to buy electrified or low-polluting cars,…
Production from Stellantis Italy plants to fall for fifth year due to chip crisis-union
MILAN – Vehicle production from sites owned in Italy by Stellantis and previously its predecessor Fiat Chrysler is set to fall for a fifth consecutive year in 2022 due to the microchip…
Italy wants privatisation deal for ITA Airways by mid-June, sources say
By Giuseppe Fonte and Francesca Landini ROME – The Italian government wants to clinch a deal on the sale of state-owned carrier ITA Airways by mid-June, two sources close to the matter…
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing…
Italy needs at least 3 years to replace Russian gas imports, minister says
ROME -Italy will need at least three years to completely replace its gas imports from Russia with other energy sources, Ecological Transition Minister Roberto Cingolani said on Wednesday. Rome imports around 30…
Stellantis to extend Fiat Panda production in Italy until 2026 -unions
MILAN – Stellantis will produce its best-selling Fiat Panda small car at its Pomigliano plant in southern Italy until 2026, metal workers unions said on Thursday after the carmaker met workers’ representatives.…
Italy industry output dives, growth outlook weakens
By Gavin Jones ROME – Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the growth outlook for the euro zone’s third…
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