Financial Insights That Matter ROME (Reuters) – Any increase in national defence spending should also be aimed at boosting economic growth, Italian Economy Minister Giancarlo Giorgetti said on Friday, as European states grapple with U.S. pressure to shoulder the costs of their own security. Highly indebted Italy is projecting defence spending of 1.61% of gross […]
Financial Insights That Matter Italy is set to introduce a $3bn package aimed at supporting families and small and medium-sized enterprises (SMEs) in coping with escalating energy costs. Deputy Prime Minister Matteo Salvini highlighted the urgency, as rising gas prices threaten to undermine recent tax cuts designed to boost the purchasing power of low and […]
Financial Insights That Matter MILAN (Reuters) – Italian tycoon Francesco Gaetano Caltagirone has increased its stake in Banca Monte dei Paschi (MPS) to 8%, Italian daily La Stampa reported on Thursday on its website. Caltagirone and MPS both declined to comment. Caltagirone’s investments in Italy’s financial sector put the construction and newspaper magnate at the […]
Financial Insights That Matter Generali, Italy’s largest insurance and asset management provider and one of the world’s leading finance groups, has appointed VML as its global strategic and creative agency of record. The company, which operates in over 50 countries in the world, with 70 million and a total premium income of €82.5bn, was established […]
Financial Insights That Matter ROME (Reuters) – Italian Prime Minister Giorgia Meloni met Joel Kaplan, the chief global affairs officer of U.S. tech giant Meta, to discuss possible new investments in Italy, Meloni’s office said on Thursday. Meloni and Kaplan talked about artificial intelligence and other aspects of the technological transition, the statement from Meloni’s […]
Financial Insights That Matter ROME (Reuters) – U.S. President Donald Trump’s threat to introduce tariffs on European Union imports would undermine the bloc’s companies and its workforce and require a strong response from the EU, Italy’s business lobby said late on Wednesday. Trump has said his administration will soon announce a 25% “reciprocal” tariff on […]
Financial Insights That Matter MILAN (Reuters) – Italian police have seized 46.8 million euros ($49.1 million) from a local unit of logistics giant Deutsche Post DHL as part of the latest investigation into alleged tax fraud linked to illicit labour supply, prosecutors’ documents showed. In a 50-page decree reviewed by Reuters on Wednesday, Milan prosecutors […]
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Financial Insights That Matter By Giuseppe Fonte, Valentina Za and Elvira Pollina ROME (Reuters) – Italy is reluctant to explore a potential tie-up with Worldline among options it is weighing to revive the fortunes of payments champion Nexi, three sources said, as Rome expects France would oppose the job cuts that would be needed to […]
Financial Insights That Matter Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Italian Prime Minister Giorgia Meloni has opted out of a G7 call to mark the third anniversary of Russia’s invasion of Ukraine, as she seeks to avoid angering President […]