CashNews.co By Kevin Pinner ( November 8, 2024, 5:34 PM EST) — The European Union must adopt a digital services tax despite the threat of retaliatory trade measures by the U.S., Italy’s finance minister told the country’s Parliament as it seeks to widen the scope of its own measure to domestic companies…. Law360 is on […]
CashNews.co By Valentina Za MILAN (Reuters) -Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income. Like other Italian lenders, whose profits have been boosted by higher interest rates, Monte dei Paschi has been consistently […]
CashNews.co ROME (Reuters) – Italy’s government plans to cut funds previously set aside to support the country’s automotive industry to avoid funding cars made in China, the economy minister said on Thursday. As part of next year’s budget, Rome wants to divert 4.6 billion euros ($4.96 billion) out of the 5.8 billion euros earmarked for […]
CashNews.co ROME (Reuters) – Italy’s economy minister said on Thursday he was ready to review proposals to raise a tax on cryptocurrency capital gains, after pressure from some lawmakers in his own party to drop the plan. “I am willing to consider different forms of taxation for people who keep investments in their portfolio,” Minister […]
CashNews.co MILAN (AP) — Italy has opened an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, for a possible breach of restrictions designed to protect national strategic assets. Pirelli announced Wednesday that the procedure was launched under the so-called “golden power” provisions, which include restrictions to the access of some information […]
CashNews.co Published : 1 hour agoon 07/11/2024 By Giuseppe Fonte ROME (Reuters) – The United States has recently renewed calls for Italy to repeal its domestic web tax, people familiar with the matter told Reuters, saying the U.S.’ insistence increases the risk of retaliation if Rome ignores the request. Italy intends to maintain the tax […]
CashNews.co MILAN (Reuters) – Pirelli said on Wednesday that Italy’s Prime Minister’s Office opened an administrative procedure against its largest shareholder, China’s Sinochem, for a possible breach of provisions Rome imposed to shield the tyremaker’s autonomy. Italy’s right-wing government last year used its “Golden Power” legislation, aimed at protecting assets deemed strategic for the country, […]
CashNews.co Finance MagnatesProp Trading Regulation: “Consob’s Attention Is Very High,’ Says Fintokei’s Italy ManagerProp trading brand Fintokei recently expanded its operations into Italy, with its newly appointed Country Manager aiming to acquire 3000….3 hours ago Read More #cashnews #Italy #finance
CashNews.co MILAN (Reuters) -Italy’s data protection authority said on Tuesday Intesa Sanpaolo had underestimated the seriousness of a data breach incident involving thousands of customers, widely reported to include Prime Minister Giorgia Meloni. Last month, the authority asked the bank to provide clarification over the case involving an Intesa employee who allegedly accessed the data […]
CashNews.co Published : 21 seconds agoon 06/11/2024 ROME (Reuters) -The Italian government’s growth targets for 2024 and 2025 now look hard to achieve, the country’s central bank and budget watchdog UPB said on Tuesday. The Treasury set a growth target of 1% this year and 1.2% in 2025 in its multi-year budget plan unveiled in […]