CashNews.co By Giuseppe Fonte ROME (Reuters) – Italy confirmed on Tuesday a previous commitment to bring its deficit below the European Union’s 3% of gross domestic product ceiling in 2026, the Treasury said, after the cabinet discussed a budget plan to be approved by the European Commission. Italy was put under a so-called Excessive Deficit […]
CashNews.co BEIJING (Reuters) -Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies’ confidence in investing in Italy, as a regional vote on additional tariffs looms. Cooperation between the Chinese and Italian automobile sectors has a “solid” foundation and “huge” potential, Wang told Italian […]
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CashNews.co Study suggests green financing will boost the economy but Mediterranean countries will endure fiscal challenges. ADVERTISEMENT Italy and Spain could face greater levels of austerity as a consequence of public investments to cut Europe’s greenhouse gas emissions by 90% by 2040, a new study published today (September 16) suggests. Think tank Agora Energiewende said […]
CashNews.co MILAN (Reuters) – Italy’s competition watchdog said on Monday a planned tie-up between Swisscom’s and Vodafone’s Italian units could pose a threat to competition in the country’s fixed-line connectivity services. Last week the Italian antitrust authority, called AGCM, opened an in-depth review of Swisscom’s 8-billion-euro buyout of Vodafone Italia, which will be combined with […]
CashNews.co This article is reprinted with permission from Voxeurop. A massive greenwashing operation is quietly unfolding across Europe, affecting thousands of investors who believe they are supporting climate-friendly initiatives. These investors have bought “green-labelled” bonds issued by Eni, Italy‘s largest – and the world’s 13th largest – fossil fuel company. The problem is that these bonds may well be funding […]
CashNews.co The lettering “Commerzbank” and the logo can be seen on a bank branch in Frankfurt. Sebastian Gollnow/dpa Andrea Orcel, chief executive of Italy’s UniCredit, expressed an interest in a complete takeover of Germany’s Commerzbank, in remarks published on Monday in Germany’s Handelsblatt financial daily. “A merger of the two banks could lead to considerable […]
CashNews.co MILAN (Reuters) – Italy backs tariffs proposed by the European Commission on Chinese exports of electric vehicles (EVs), Italian Foreign Minister Antonio Tajani said on Monday before a meeting in Rome with China’s commerce minister. “We support the duties that the EU Commission proposes, to protect the competitiveness of our companies,” Tajani told daily […]
CashNews.co Wealthy UK and French taxpayers still want to relocate to Italy despite Rome’s recent decision to double its flat tax on the foreign income of rich expats to €200,000 a year. With the looming abolition of Britain’s historic “non-dom” tax regime, advisers claim Italy remains a highly attractive alternative. “People move not just because […]
CashNews.co ROME (Reuters) – Two Italian ministers criticised the European Central Bank after it cut interest rates by a quarter of a percentage point on Thursday, saying the move was insufficient and showed a lack of courage. In a move that had been widely expected by markets, the ECB lowered its deposit rate by 25 […]