CashNews.co ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said on Monday, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s flash estimate on Oct. 30. The […]
CashNews.co By Giuseppe Fonte, Gavin Jones and Alvise Armellini ROME (Reuters) -Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe’s most indebted nations. In advanced countries, the rich, […]
CashNews.co (Bloomberg) — It’s olive season in the hills around Rome, where a century-old family business upgrading its machinery showcases both the fruits and shortcomings of Italy’s efforts to spend European Union cash. Most Read from Bloomberg Pierluigi Ceccarelli plans to use his slice of €100 million ($106 million) in EU funds set aside for […]
CashNews.co https://www.tipranks.com/news/the-fly/stellantis-reduces-car-output-in-italy-due-to-waning-ev-sales-bloomberg-says Stellar (STLA) is reducing its output in Italy starting next week, citing waning EV sales in Europe and poor demand for luxury cars in the U.S. and China, Alberto Brambilla of Bloomberg reports. The automaker plans to suspend production at its Mirafiori site in Turin from December 2 until January 5. The half […]
CashNews.co By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) – Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to […]
CashNews.co (Bloomberg) — First Ireland, then Portugal and Spain, and now Greece. One after another, countries at the heart of Europe’s debt crisis more than a decade ago are outshining France, as its standing as a safe-and-stable bond market disintegrates. Most Read from Bloomberg As the political crisis in Paris drags on, the question on […]
CashNews.co The Lufthansa logo can be seen on an airplane at Frankfurt am Main Airport, while another Lufthansa passenger plane takes off after take-off. Arne Dedert/dpa The European Commission has authorised the entry of Germany’s Lufthansa into Italian state-owned ITA Airways after more than a year of negotiations. With the package of remedies proposed by […]
CashNews.co (Reuters) -The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit’s takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option. On Monday, UniCredit announced an unsolicited 10 billion euro ($10.6 billion) takeover offer for BPM, which the target bank has since rejected. It […]
CashNews.co MILAN (Reuters) -French digital payments company Worldline on Friday said its services were returning to normal after gas roadworks accidentally damaged its network connection to its data centres in Italy, causing disruptions for customers. The issues occurred amid the busy Black Friday shopping season, leading Italian business group Fipe-Confcommercio to express “strong concern”. Worldline’s […]
CashNews.co Published : 4 hours agoon 29/11/2024 MILAN (Reuters) – French digital payments company Worldline on Friday said gas roadworks accidentally damaged its network connection to its data centres in Italy, disrupting services for customers that have yet to be resolved. The disruption occurred amid the busy Black Friday shopping season. Worldline said in a […]