Returning sea migrants to Libya is illegal, Italy’s top court says
ROME (Reuters) – Italy’s top appeals court has established that sending sea migrants back to Libya is unlawful, a ruling hailed by charities and human … Read more
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Levi Strauss sues Italy’s Brunello Cucinelli over trademarked tab
By Jonathan Stempel (Reuters) – Levi Strauss has sued Brunello Cucinelli, accusing the Italian luxury fashion brand of infringing its trademarked rectangular pocket tab. In … Read more
Explainer-What makes Italy’s capital markets bill controversial?
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italian Prime Minister Giorgia Meloni faces mounting criticism over a government bill to overhaul the country’s … Read more
Stellantis CEO says Italy’s hard line on incentives is hurting output
ATESSA, Italy (Reuters) -Italy’s penny-pinching approach to incentives has meant several months of reduced automotive production, the head of Stellantis, the country’s sole major automaker, … Read more
US investment bank looking to build 10% stake in Italy’s Pop Sondrio – Il Sole 24 Ore
MILAN (Reuters) – A large U.S. investment bank is considering building up a 10% stake in Italy’s Banca Popolare di Sondrio, Il Sole 24 Ore … Read more
EU Commission examines Italy’s tax case against Meta – sources
By Emilio Parodi MILAN (Reuters) – An Italian tax claim against Facebook parent Meta has been escalated to the EU Commission’s VAT committee for evaluation, … Read more
Italy’s Salvini says would consider a sound plan to sell railway stake
ROME (Reuters) – Italian Infrastructure and Transport Minister Matteo Salvini said on Tuesday he was not necessarily against selling stakes in state-controlled railways group Ferrovie … Read more
Italy’s Eni wins in arbitration case against Uniper -sources
LONDON/MILAN/FRANKFURT (Reuters) – Eni has won a $600-million award after an arbitration court decided in the Italian firm’s favour and against Germany’s Uniper in a … Read more
Ryanair’s O’Leary dismisses Italy’s pricing investigation as a ‘joke’
LISBON (Reuters) -Ryanair CEO Michael O’Leary brushed off an investigation by Italy’s antistrust agency into the pricing of the low-cost carrier’s flights as a “joke” … Read more
Italy’s transgender women thank pope for making them feel ‘more human’
By Oriana Boselli, Antonio Denti and Philip Pullella TORVAIANICA, Italy/VATICAN CITY (Reuters) – The run-down beach town of Torvaianica is about 35 kms (20 miles) … Read more
Italy’s Leonardo to offer 6.3% stake in US subsidiary in share sale
(Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS … Read more
Italy’s Fincantieri ‘well on track’ to meet 2027 goals
(Reuters) – Italian shipbuilder Fincantieri said on Wednesday it is “well on track” to deliver the goals set out in its business plan for 2023-27, … Read more
Italy’s economy stagnates in Q3, but inflation slows sharply
By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on … Read more
Exclusive-ECB sees Italy’s spread jump as justified but may cool PEPP talk: sources
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers consider a spike in Italy’s bond yields to be justified by the … Read more
Italy’s deficit hikes could threaten its credit rating – Scope
By Sara Rossi MILAN (Reuters) – Italy’s higher budget deficits this year and next could make it ineligible for bond support under the European Central … Read more
Italy’s manufacturing shrinks in Sept, no respite in sight – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in September for a sixth consecutive month, a survey showed on Monday, amid persistent declines in output and … Read more
Italy’s top court removes block to Regeni murder trial
ROME (Reuters) – Italy’s top court ruled on Wednesday that the trial of four Egyptian security officials over the disappearance and murder of an Italian … Read more
Italy’s new bank tax should count as cost, ABI banking lobby
MILAN (Reuters) – Italian banks should be able to deduct from their overall tax bill the one-off tax on income deriving from higher interest rates … Read more
Italy’s food producers soften stance towards govt’s anti-inflation plan
By Giuseppe Fonte and Elisa Anzolin ROME (Reuters) – Italy’s government secured some cooperation from producers’ associations in its battle against rising prices, it said … Read more
Rise in Italy’s retail sales in July driven by supermarkets
(Reuters) – Italian retail trade rose marginally in July as large-scale food distribution pushed up sales, data showed on Thursday. Retail sales increased by 0.4% … Read more
Italy’s service sector contracts in August for first time in 2023 -PMI
ROME (Reuters) – The Italian services sector contracted very slightly in August – the first time it has done so this year – signalling the … Read more
Italy’s bad loan proposal risks damaging crucial market, senior banker says
MILAN (Reuters) – A law proposed by the Italian prime minister’s party to help those in arrears risks damaging the country’s non-performing loan (NPL) market, … Read more
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell … Read more
Airlines take aim at Italy’s plans to bring down sky-high prices
ROME (Reuters) – A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer … Read more
Kering buys 30% of Italy’s Valentino as Gucci sales lag
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on … Read more
Italy’s luxury groups set aside rivalries to keep it local
By Elisa Anzolin MILAN (Reuters) – Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply … Read more
Analysis-A wasted opportunity? Italy’s EU funds bonanza hits the rocks
By Valentina Za, Giuseppe Fonte and Gavin Jones ROME/MILAN (Reuters) – Italy’s hopes of transforming its economy with billions of euros of European Union pandemic … Read more
Italy’s Meta tax review gets underway in potential test case for tech sector
By Emilio Parodi MILAN (Reuters) – Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in … Read more
Italy’s service sector grows in June, but pace slows again – PMI
ROME (Reuters) – Italy’s services sector grew in June for a sixth month running, albeit at a slower pace than in May, with higher interest … Read more
Italy’s finances creak as budget deficit climbs in Q1
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared … Read more
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession … Read more
Analysis-Deep distrust of EU leaves Italy’s Meloni in a corner over bailout fund
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – The reluctance of Italy’s right-wing coalition to ratify reform of a vital euro zone bailout fund … Read more
Italy’s TIM enters into exclusive talks with KKR over grid sale
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Telecom Italia (TIM) has granted U.S. fund KKR a period of exclusive negotiations for the sale of … Read more
Italy’s TIM leaning towards KKR for talks over grid sale, sources say
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – Telecom Italia (TIM) is leaning towards entering talks with KKR over the sale of its prized … Read more
Italy’s government acts to curb Chinese influence on Pirelli
By Alvise Armellini, Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Italy’s government said on Friday it had taken steps to limit the influence of China’s … Read more
Italy’s UniCredit expands payments partnership with Mastercard
ROME (Reuters) – Italy’s second-largest bank UniCredit said on Friday it had entered into an enlarged payments partnership with Mastercard. The agreement covers 13 banks … Read more
“Cut the price of baby products”, says Italy’s inflation watchdog
ROME (Reuters) – Italy’s industry minister said on Monday that a cut in sales tax on baby products has not produced the expected fall in … Read more
Italy’s Berlusconi sends video message to Forza party from hospital
MILAN (Reuters) – Former Italian prime minister Silvio Berlusconi sent a video message to his Forza Italia party on Saturday in his first appearance since … Read more
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest … Read more
Italy’s service sector grows in April at fastest rate since Aug 2021 – PMI
ROME (Reuters) – Italy’s services sector grew for a fourth month running in April and at the fastest rate since August 2021 amid rising confidence … Read more
Italy’s Treasury says freezes assets of Russian fugitive
MILAN (Reuters) – Italy’s Treasury said it has frozen the assets held in the country by Russian businessman Artem Uss, who dodged Italian authorities trying … Read more
Sale of Italy’s MPS should help create several big banks, says Meloni
MILAN (Reuters) – The privatisation of Italian lender Monte dei Paschi di Siena should foster the creation of several large banking groups in the country, … Read more
Italy’s Prada to invest 60 million euros to help boost production capacity
By Elisa Anzolin VALVIGNA, Italy (Reuters) – Italy’s Prada is planning to spend 60 million euros ($66 million) on industrial capital investments this year, a … Read more
Italy’s Golden Goose to spread its wings beyond sneakers
By Elisa Anzolin MILAN (Reuters) – Italian luxury sneaker brand Golden Goose reported a 30% rise in revenues last year and sees scope for further … Read more
Italy’s Illycaffe aims to make a bigger splash in the U.S. market, CEO says
By Elisa Anzolin MILAN (Reuters) – Italian premium coffee maker Illycaffè, which reported a 16% increase in operating profit last year despite cost inflation, aims … Read more
Stellantis, unions agree on layoffs, hiring at Italy’s Atessa plant
MILAN (Reuters) – Italian metalworkers unions said on Wednesday they had reached an agreement with Stellantis for up to 120 layoffs through voluntary redundancies at … Read more
Italy’s language watchdog says ‘no’ to gender-neutral symbols
By Alvise Armellini ROME (Reuters) – Italy’s courts should stick to tradition and avoid the novelty of gender-neutral symbols in official documents, according to the … Read more
Italy’s market for ‘green’ tax credits starts to thaw
By Valentina Za MILAN (Reuters) – Bargain-hunters are venturing back into Italy’s market for “green” tax credits, lured by heavily discounted assets and better legal … Read more
Italy’s highest court orders new trial for U.S. tourists over policeman’s murder
By Marco Carta ROME (Reuters) – Italy’s highest court late on Wednesday ordered two American tourists to stand a new trial for the 2019 killing … Read more
Italy’s Leonardo set to benefit from higher defence spending
ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that … Read more