CashNews.co The European Investment Bank (EIB) has committed a counter-guarantee of EUR 500 million ($546.7 million) for a financing package of up to EUR 1 billion ($1.1 billion) that will be offered by Italian bank Intesa Sanpaolo SPA to wind projects across the European Union. The parties expect the deal to stimulate an estimated EUR […]
CashNews.co By Angelo Amante, Joanna Plucinska and Ilona Wissenbach ROME/LONDON/FRANKFURT (Reuters) – Lufthansa’s long-promised turnaround of Italy’s ITA Airways, crucial to help revive the German airline’s fortunes, is interlinked with Rome airport Fiumicino’s ability to implement an ambitious expansion plan. Struggling with high costs and prolonged delays in Boeing plane deliveries, Lufthansa CEO Carsten Spohr […]
CashNews.co By Giuseppe Fonte, Francesca Landini and Angelo Amante ROME (Reuters) -Italy is considering U.S. energy group Westinghouse or France’s EDF as potential international partners for a state-backed company that will build advanced nuclear reactors in the country, two sources familiar with the matter said on Thursday. Nuclear-fired power plants are prohibited in Italy following […]
CashNews.co ROME (Reuters) – Italy’s ruling parties called on the government to summon senior Stellantis management to clarify their plans for the country, a request which could increase friction between Rome and the Fiat automaker, a document seen by Reuters on Thursday showed. The request comes as Stellantis CEO Carlos Tavares faces pressure to revive […]
CashNews.co TOPSHOT – From Left, European Commissioner for Economy Paolo Gentiloni, Eurogroup President Paschal … [+] Donohoe, President of the World Bank David Malpass, Italy’s Economy and Finance Minister Daniele Franco, France’s Economy and Finance Minister Bruno Le Maire, Canada’s Finance Minister Chrystia Freeland, Britain’s Chancellor of the Exchequer Rishi Sunak, Managing Director of the […]
CashNews.co The Italian real GDP over the past three years is higher than previously estimated, thanks to the 2024 general revision of the national accounts. This revision, which is undertaken every five years and was published by the Italian National Institute of Statistics (Istat) on 23 September1, includes the basis change with reference year 2021. […]
CashNews.co Since the late 1970s, as most traditional industries have either closed down completely or relocated to nonurban locations, Milan has become Italy’s first and most successful “postindustrial” city, with a concentration of lucrative service industries, such as advertising and wholesale and retail trade, particularly those related to the fashion industry. Milan’s service sector has […]
CashNews.co By Giuseppe Fonte ROME (Reuters) – Italy intends to change part of a contested law on corporate governance rules that has triggered criticism from asset managers and financial companies, Economy Minister Giancarlo Giorgetti said on Tuesday. The bill, approved by parliament this year, changed conditions under which a company’s outgoing board presents a list […]
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 […]