CashNews.co The chair position is for four years but can be extended once. It pays over €250,000 per year, tax-free. All three candidates were interviewed, along with an unknown fourth candidate who was later cut, by the EU’s financial services chief Mairead McGuinness. The three top picks will now attend closed-door interviews organized by the […]
CashNews.co (Reuters) – Italian energy group Edison said on Monday that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025. Edison is among companies including Shell, BP and Repsol that have filed contract arbitration cases against Venture Global for its failure to deliver […]
CashNews.co (Bloomberg) — Italy’s government is targeting €4 billion ($4.4 billion) from companies by adjusting some tax thresholds and eliminating certain tax deductions, according to people familiar with its budget plans. Finance Minister Giancarlo Giorgetti’s team is working on ways to raise money to help fill a €9 billion shortfall in a last-minute tweak to […]
CashNews.co MILAN (Reuters) – Italy’s Intesa Sanpaolo said on Monday it had been able to alert the country data protection authority about the data violation performed by one of its employees only after carrying out careful and extended checks on the events. Intesa said it had not yet received any information from prosecutors, after news […]
CashNews.co Rome, 2 October, 2024 – In its largest investment in Italy to date, Microsoft today announced a €4.3 billion initiative in the next two years to expand its hyperscale cloud and AI datacenter infrastructure and provide digital skills training to more than 1 million Italians by the end of 2025. This move aims to […]
CashNews.co Italy has unveiled its new fiscal structural plan aiming to reduce its fiscal deficit targets and start reducing its debt to GDP from 2027. The proposed fiscal tightening hinges on a combination of higher fiscal revenues and targeted spending cuts, a gradual phasing out of a home renovation tax credit (the Superbonus scheme) and […]
CashNews.co ROME (AP) — Italian lawmakers on Friday questioned the head of Stellantis, the world’s fourth largest automaker, over the group’s strategy, one day after it announced a management shakeup in an effort to revive sales. Stellantis, which makes Jeep and Chrysler vehicles, is struggling globally, with the Italian government demanding clarity about its production […]
CashNews.co (Bloomberg) — Premier Giorgia Meloni’s government faces a last-minute rush to find new ways of raising revenue as it seeks to fund promised giveaways to Italian voters, according to people familiar with the matter. With a deadline of Tuesday evening to deliver a 2025 budget in line with European Union rules, Finance Minister Giancarlo […]
CashNews.co The Italian government, led by Prime Minister Giorgia Meloni, is moving to introduce new windfall taxes on companies generating extraordinary profits to address the country’s growing budget deficit. The decision mirrors Nigeria’s windfall tax on banks, which was announced in early 2024 following a surge in profits in the financial sector throughout 2023 and […]
CashNews.co MILAN (Reuters) – The Italian economy will expand by 0.8% this year and by 0.9% in 2025, the country’s central bank said on Friday, confirming an estimate made in July for 2024 and raising slightly the one for next year. The forecasts are below those of the Italian government, which officially forecasts growth of […]