Financial Insights That Matter ROME (Reuters) – Italy’s Industry Minister Adolfo Urso announced a deal on Tuesday to avert 249 layoffs at suppliers to Stellantis, saying he hoped the breakthrough would help repair strained relations with the carmaker. Stellantis and Italy’s government have been at loggerheads for months, with politicians in Rome accusing Fiat’s parent […]
Financial Insights That Matter BloombergItaly Is Planning to Sell Off a Minority Stake in Rail Operator FerrovieItaly is preparing to sell a minority stake in rail operator Ferrovie dello Stato Italiane SpA as the government looks to dispose of assets….41 minutes ago Boost Your Financial Knowledge and Achieve Stability Discover a growing online community dedicated […]
Financial Insights That Matter ROME (Reuters) – Italy will ask Stellantis to continue investing in the country, and the automaker is giving the government reassuring signals, the deputy prime minister said on Tuesday. “Stellantis cannot leave Italy,” Deputy Prime Minister Antonio Tajani told state broadcaster RAI, stressing the close link between the country and the […]
Financial Insights That Matter By Emilio Parodi MILAN (Reuters) – Italian prosecutors have wrapped up a probe into alleged tax evasion of 887.6 million euros ($937.93 million) by Facebook parent company Meta involving two executives of its Irish unit, the Milan prosecutor’s office said on Monday. Closing the investigation is the formal step before prosecutors […]
Financial Insights That Matter Ports across the European Union recorded a total of 395.3 million passengers, in 2023, reflecting a 5.8% increase compared to 2022, according to data released by Eurostat on Monday, Dec. 9. Eurostat’s report reveals that Italian and Greek ports played a leading role in maritime passenger transport. Eleven EU countries, each […]
Financial Insights That Matter Published : 1 hour agoon 09/12/2024 By Emilio Parodi MILAN (Reuters) – French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday. Prosecutors in Florence […]
Financial Insights That Matter (Bloomberg) — Credit Agricole SA’s decision to boost its stake in Banco BPM is aimed at protecting its business interests in Italy after UniCredit SpA made a takeover bid for the smaller Italian competitor. Most Read from Bloomberg The increase in the French bank’s holding to about 15% from 9% previously […]
Financial Insights That Matter Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France’s Crédit Agricole has boosted its stake in Banco BPM in a move that will complicate UniCredit’s approach for the Italian lender. Crédit Agricole, which is already Banco BPM’s largest shareholder, […]
Financial Insights That Matter RABAT (Reuters) – Italian state lender CDP and the African Development Bank (AfDB) signed on Thursday a co-financing deal worth 400 million euros ($420 million) to promote climate finance, sustainable farming, education and technical assistance, AfDB’s vice president for finance Hassatou Diop N’Sele said. The deal, signed during the AfDB’s Africa […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy’s national statistics agency has halved its forecast for the country’s growth this year, highlighting the pressure on Prime Minister Giorgia Meloni’s rightwing government to keep public spending in check. The Eurozone’s third-largest economy […]