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 a complaint filed on Tuesday night in…
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 newspaper reported on Thursday, without citing sources…
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, three sources with direct knowledge of the…
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 dello Stato, but at the moment, no…
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 row over a liquefied natural gas (LNG)…
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” on Tuesday, blaming Italy’s populist leadership. “It’s…
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) south of the Vatican. But for transgender…
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 on the market. The 16.5 million shares…
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, after reporting a 60% yearly increase in…
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 Tuesday, a weaker reading than expected following…
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 government’s projection of higher deficits, but see…
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 Bank’s latest scheme, which would be negative…
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 new orders in the euro zone’s third-largest…
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 student could go ahead, despite concerns the…
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 which the government plans to introduce, industry…
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 on Friday, though the last word on…
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% in value from June and by 2.7%…
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 possible start of a recession in a…
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, which played a crucial role in helping…
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 Prelios to fintech firm ION Group, in…
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 season, saying they could breach European Union…
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 Thursday it was buying a 30% stake…
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 chains and the Italian roots of smaller…
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 recovery funds are unravelling fast, businesses on…
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 a tax case that could land the…
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 rates weighing on sentiment in the euro…
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