CashNews.co (Bloomberg) — Italy’s appeal for international investors in private markets is growing, according to Blackstone Inc.’s country Chairman Andrea Valeri. Traditionally a laggard in luring foreign capital, the nation is attracting more investors drawn to its stable regulatory climate and the ingenuity of its entrepreneurs. Increasing regulatory certainty has “improved the perception of people […]
CashNews.co By Gavin Jones and Valentina Consiglio ROME (Reuters) -Italy’s prospects of reaching the government’s 2024 gross domestic product (GDP) growth target of 1% were hit on Friday by downward revisions to its growth rates in the first and second quarters. National statistics bureau ISTAT said so-called “acquired growth” at the end of the second […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Giorgia Meloni’s government will seek to raise more taxes from companies currently earning windfall profits, as Rome struggles to plug a budget deficit that has raised alarm bells in Brussels. Italian finance minister Giancarlo […]
CashNews.co (RTTNews) – Microsoft Corp. will be investing 4.3 billion euros in Italy in the next two years, aiming to expand the country’s hyperscale cloud and artificial intelligence or AI datacenter infrastructure. In its largest investment in Italy to date, the tech giant said it will also provide digital skills training to more than 1 […]
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. “We plan on selling a further stake before the end of the year,” Giorgetti said in an interview […]
CashNews.co (Bloomberg) — Italy plans to raise taxes on the companies that benefitted most from the economic turbulence of recent years in order to help bring down the country’s budget deficit, Finance Minister Giancarlo Giorgetti said. Most Read from Bloomberg Giorgetti said that he is looking at new levies that would apply to companies in […]
CashNews.co Italy will issue an additional 10,000 work visas next year for people wishing to care for the elderly and disabled, the government announced on Wednesday. This move aims to address the country’s growing need for caregivers, driven by its ageing population and declining birth rate. The new visa quota will supplement the 452,000 […]
CashNews.co Microsoft has announced a €4.3bn ($4.75bn) investment to expand its hyperscale cloud and AI data centre infrastructure in Italy over the next two years. This initiative is claimed to be the company’s largest in Italy to date. As part of the funding, the company will also provide digital skills training to over one million […]
CashNews.co ROME (Reuters) – Italy’s service sector growth slowed almost to stagnation in September, a survey showed on Thursday, amid a second consecutive decline in new business in the euro zone’s third-largest economy. The HCOB Purchasing Managers’ Index for Italian services came in at 50.5 in September, down from 51.4 in August and only marginally […]
CashNews.co MILAN (Reuters) -Microsoft plans to invest 4.3 billion euros ($4.8 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on Wednesday. Microsoft said in a statement the investment would be the U.S. company’s largest in Italy to date. It will make the cloud […]