CashNews.co By Giuseppe Fonte and Gavin Jones ROME (Reuters) – The Italian government’s 1% economic growth target for this year will be more difficult to reach after downward revisions made last week by national statistics bureau ISTAT, Economy Minister Giancarlo Giorgetti said on Tuesday. ISTAT on Friday lowered the year-on-year GDP growth rates for the […]
CashNews.co Last year, Italy – the only G8 country without its own operational nuclear power plant – took the first steps towards reversing its ban on nuclear power, which has been in place for nearly four decades. Italy once had four operational nuclear reactors, but all were shut down in 1987 after the catastrophic Chernobyl […]
CashNews.co By Giuseppe Fonte ROME (Reuters) -The Italian government’s 1% economic growth target for this year will be more difficult to reach after downward revisions made last week by national statistics bureau ISTAT, the country’s central bank and budget watchdog UPB said on Monday. The revisions mean “a mechanical downwards correction by 0.2 percentage points […]
CashNews.co Japan is enhancing its liquefied natural gas (LNG) procurement strategy by collaborating with South Korea and Italy, reported Reuters. The move aims to increase flexibility and strengthen energy security for the nation, which is one of the biggest importers of the super chilled gas. According to Japan’s Ministry of Economy, Trade and Industry (METI), […]
CashNews.co (Bloomberg) — Italian Finance Minister Giancarlo Giorgetti is seeking to sell more shares in Banca Monte dei Paschi di Siena SpA within three months as part of an effort to raise money for Italy’s strained budget. Most Read from Bloomberg “We plan on selling a further stake before the end of the year,” Giorgetti […]
CashNews.co The request comes as Europe searches for ways to keep up economically with the U.S. and China — a major focus of leaders like French President Emmanuel Macron, who said this week that the EU “could die” if its economy falls behind globally and should embrace a more protectionist agenda if it wants to […]
CashNews.co By Katya Golubkova HIROSHIMA, Japan (Reuters) – Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni’s director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday. “We already deal with Japanese buyers on a short-term […]
CashNews.co Posted By: The Corner 5th October 2024 BancaMarch: On Thursday, potential tax hikes in France were discussed, this Friday it is the turn of Italy. In the Gallic country, the Budget Minister has given more details on temporary taxes on higher-income taxpayers and large companies – already announced on Monday by Barnier and on […]
CashNews.co France, Germany and Italy have asked the European Commission to consider changes to the EU’s Basel III framework implementation, due to come into effect in January, in order to protect “the competitiveness of the financial sector”. The request — made in a letter sent by the countries’ finance ministers to the top civil servant […]
CashNews.co ROME — Italian defense companies whose profits have soared thanks to armed conflicts around the world could face increased taxation, Italy’s finance minister has suggested in a speech which has been challenged by his allies. Minister Giancarlo Giorgetti said the imposition of fresh taxes on Italian arms makers could be part of across-the-board revenue […]