CashNews.co A massive greenwashing operation is quietly unfolding across Europe, affecting thousands of investors who believe they are supporting climate-friendly initiatives. These investors have bought ‘green-labelled’ bonds issued by Eni, Italy’s largest – and the world’s 13th largest – fossil fuel company. The problem is that these bonds may well be funding carbon-emitting activities, undermining […]
CashNews.co (Bloomberg) — Prime Minister Giorgia Meloni’s government was told by Italy’s finance minister that its budget plans mustn’t deviate from any pledges to Brussels to fix the public finances. In a cabinet meeting on Friday, Giancarlo Giorgetti set out the process that the country needs to follow to conform to newly revamped fiscal rules […]
CashNews.co It feels great to be popular—until the fame gets out of hand. That’s become Italy’s battle this summer. With hundreds of millions of tourists flocking to the sunny European destination this summer, the uptick seems relentless. It’s now become a source of public anger across the region. Some of Italy’s most sought-after cities, such […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy is proposing a sharp increase in tourist taxes to help cash-strapped cities raise revenues and make visitors “more responsible” amid a growing public backlash against overtourism. Hotel and travel industry associations are up […]
CashNews.co Giorgia Meloni’s government has impounded a humanitarian rescue ship for the 23rd time, as Italy steps up its clampdown on irregular migration across the Mediterranean. Médecins Sans Frontières accused Meloni’s administration of an “arbitrary and inhumane decision” after its civilian search and rescue vessel, Geo Barents, was detained this week in the port of […]
CashNews.co Italy stocks higher at close of trade; Investing.com Italy 40 up 0.90% Investing.com – Italy stocks were higher after the close on Thursday, as gains in the Technology, Travel&Leisure and Oil&Gas sectors led shares higher. At the close in Milan, the Investing.com Italy 40 added 0.90% to hit a new 1-month high. The best […]
CashNews.co (Bloomberg) — Italian premier Giorgia Meloni and her coalition are seeking to fill a €12 billion-euro ($13.4 billion) budget hole with measures such as cost cuts and delayed retirement, according to people with knowledge of the matter. Most Read from Bloomberg Overshadowing a back-to-work meeting of the ruling alliance’s party leaders on Friday is […]
CashNews.co DentonsKey regulatory developments in ItalyBank of Italy. July 31, 2024. Bank of Italy launches public consultation on amendments to AML regulation on internal controls and….16 minutes ago Read More #cashnews #Italy #finance
CashNews.co Elena was traumatised after two men tried to steal her suitcase on a trip to Italy. (Source: TikTok/Instagram) Australians travelling overseas have been warned about a “crime wave” washing over popular tourist destinations. More than two million Aussies have fallen victim to holiday robberies, with many being left facing financial “nightmare”. Pickpocketing and stealing […]
CashNews.co By Giuseppe Fonte ROME (Reuters) – Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the European Union’s 3% ceiling in 2026 in the Treasury’s medium-term structural budget plan to be presented by the middle of September, sources close to the matter told Reuters. Rome was put under a so-called Excessive […]