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 […]
CashNews.co Barron’sItaly’s TIM Says Receives 700 Million Euro Bid For Its Sparkle UnitTelecom Italia (TIM) said Wednesday it had received a non-binding 700 million euros bid for the purchase of its Sparkle submarine cable unit….31 minutes ago Read More #cashnews #Italy #finance
CashNews.co Italy has started a process to launch the Fondo Nazionale Strategico – the national strategic fund – to invest up to €1bn in small caps listed on the domestic stock exchange. The Fondo Nazionale Strategico Indiretto (FNSI), a closed-ended fund of funds (FoFs) managed by Cassa Depositi e Prestiti (CDP), the partly state-owned Italian […]
CashNews.co Political stability in Italy is attracting significant global investors like BlackRock and Microsoft. A recent meeting between Larry Fink and PM Meloni led to the establishment of a working group focused on developing energy infrastructures and data centres Political stability is… a significant factor in a country’s appeal to investors. Larry Fink, Chairman and […]
CashNews.co BERLIN (Reuters) – Germany rejected a proposal by Italy to bring forward a planned European Union review of the bloc’s ban on the sale of new internal combustion engine cars from 2035, saying it would lower standards and cause uncertainty for industry. “Germany will not entertain discussion on potentially watering down the European CO2 […]
CashNews.co MILAN (Reuters) – Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought Commerzbank, depending on a number of factors including an ability to contain execution and operational risks, the ratings agency said. Italy’s UniCredit has built a near 21% stake in Commerzbank, pending supervisory approval, and says […]
CashNews.co What’s going on here? Italy’s financial and industrial sectors are abuzz with big moves, from Stellantis’ sales drop to UniCredit’s fresh strategies, and key economic data drops. What does this mean? Italy’s economy is stirring with significant shifts. ISTAT’s upcoming unemployment data adds to the mix, promising key insights into economic health. The Treasury’s […]
CashNews.co We recently published a list of 10 Best Italian Stocks To Buy Now. In this article, we are going to take a look at where Leonardo S.p.a. (OTC:FINMY) stands against the other best Italian stocks to buy now. Italy’s economy has shown remarkable resilience in the face of recent crises, but its growth is […]
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CashNews.co What’s going on here? Numia has emerged as Italy’s second-largest e-payments player after a strategic alliance between Banco BPM, Gruppo BCC Iccrea, and private equity fund FSI navigated legal and regulatory approvals. What does this mean? Banco BPM, Gruppo BCC Iccrea, and FSI combined their efforts to launch Numia, aiming to challenge Nexi’s dominance […]