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…
Recent surge in energy costs to cut Italy 2022 GDP by 0.7 points – ISTAT
ROME – The recent surge in energy prices will reduce Italy’s economic growth this year by around 0.7 percentage points, national statistics institute ISTAT estimated on Wednesday. In its monthly economic bulletin…
Italy steps up freezing of assets linked to Russian oligarchs
ROME – Italian banks were instructed by the Bank of Italy’s financial intelligence division on Friday to urgently let it know of all measures taken to freeze the assets of people and…
Bank of Italy says it is ending COVID-related relief measures for banks
MILAN – The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had been introduced to help lenders through the COVID-19 crisis. The…
REPORT: Italy Scored ‘Gucci Loafers’ Carve-Out In Russian Sanctions
Italy allegedly managed to secure a carve-out of one of its biggest industries in the sanctions the European Union levied on Russia, The Telegraph reported Friday. “Italian prime minister Mario Draghi successfully…
Italy to support EU line on Russia sanctions, including on SWIFT – PM’s office
MILAN – Italy will support any European Union line on sanctions against Russia in response to Moscow’s invasion of Ukraine, including measures on the SWIFT global payment system, Prime Minister Mario Draghi’s…
Appeal court acquits former BT Italy exec on false accounting charge
MILAN – A Milan appeals court has acquitted Stefania Truzzoli, former chief operating officer at BT Italy, of alleged false accounting at the Italian unit of British Telecom in 2015 and 2016,…
Italy must reduce reliance on Russian gas, lift domestic production -Draghi
ROME – Italy must reduce its reliance on gas imports from Russia and is ready to take further measures to protect consumers from rising energy prices after the invasion of Ukraine, Prime…
CNH does not plan to reduce operations in Italy – paper
MILAN – CNH Industrial does not plan to downsize operations in Italy, the head of the Italian-American vehicle maker was quoted as saying on Thursday. Chief Executive Scott Wine also told daily…
Italy January EU-harmonised CPI revised to +5.1% y/y
– Italian EU-harmonised consumer prices (HICP) remained flat month-on-month in January and were up 5.1% from the year earlier, official statistics agency ISTAT said on Tuesday, revising down preliminary data. The preliminary…
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in energy bills,…
Italy will act to fix “superbonus” refurbishment scheme
ROME – Italy’s government will bring forward urgent measures to remedy problems with subsidies offered for energy efficiency and anti-earthquake work on buildings, Industry Minister Giancarlo Giorgetti said on Thursday. Under a…
Italy makes fresh attempt at pension reform as debt worries mount
By Giuseppe Fonte and Gavin Jones ROME – Italy is working on a reform to make it easier for workers to retire early without bloating what is already Europe’s second highest pensions…
Russia ready to increase gas supplies to Italy, ambassador says
MILAN – Russian President Vladimir Putin has told Italy that Russia is ready to increase its gas supplies to the country if needed, the Russian ambassador to Italy Sergey Razov said on…
Italy fashion group OTB posts 2021 revenue bounce back to pre-pandemic levels
MILAN – Italian fashion company OTB said on Thursday that last year’s 16% rise in revenue to pre-pandemic levels would boost its organic growth plans after the group bought German label Jil…
Italy rejects extradition of Venezuela’s ex-oil minister, says lawyer
ROME – Italy has rejected a request by Venezuela for the extradition of Rafael Ramirez, a once powerful oil minister and former head of state oil company Petroleos de Venezuela, his lawyer…
Stellantis commitments in Italy unaffected by early loan repayment – union
MILAN – Management at carmaker Stellantis has confirmed its commitment to preserve jobs and plants in Italy despite the early repayment of a 6.3 billion euro ($7.03 billion) state-backed loan, the Uilm…
Stellantis repays 6.3 billion euro Italy state-backed loan in advance
ROME – Carmaker Stellantis said on Friday its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy’s top lender Intesa Sanpaolo. The loan…
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources
MILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 outbreak, two…
UniCredit reaches deal with unions on job cuts in Italy
By Valentina Za MILAN -Italian lender UniCredit has signed an agreement with unions for 1,200 voluntary job cuts to be partly offset by 725 new hires, the country’s biggest banking union said…
Putin meeting with Italy business elite to go ahead despite Ukraine
By Stephen Jewkes MILAN – A meeting between Russian President Vladimir Putin and the heads of some of Italy’s top companies to boost business ties between the two countries is set to…
Italy Mandates COVID Vaccine For Everyone Over 50
Sebastian Hughes on January 6, 2022 Italy now obligates every adult over 50-years-old to be vaccinated against COVID-19, The Guardian reported. The measure was passed unanimously by the Council of Ministers despite…
Anti-Claus Crusade: Bishops In Italy Keep Telling Children Santa Isn’t Real
Catholic bishops in Italy have drawn fury from parents for repeatedly telling crowds of children that Santa Claus is imaginary. Bishop Antonio Stagliano of Sicily told participants at a 2021 feast day…
The reality of New Jersey accents and dialect boundaries
Ledger Live for Wednesday August 24th, 2010 – Ledger Live with Brian Donohue. On today’s show: We delve into the diverse world of New Jersey accents to see why we talk like…
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