CashNews.co Study suggests green financing will boost the economy but Mediterranean countries will endure fiscal challenges. ADVERTISEMENT Italy and Spain could face greater levels of austerity as a consequence of public investments to cut Europe’s greenhouse gas emissions by 90% by 2040, a new study published today (September 16) suggests. Think tank Agora Energiewende said […]
CashNews.co MILAN (Reuters) – Italy’s competition watchdog said on Monday a planned tie-up between Swisscom’s and Vodafone’s Italian units could pose a threat to competition in the country’s fixed-line connectivity services. Last week the Italian antitrust authority, called AGCM, opened an in-depth review of Swisscom’s 8-billion-euro buyout of Vodafone Italia, which will be combined with […]
CashNews.co This article is reprinted with permission from Voxeurop. 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 […]
CashNews.co The lettering “Commerzbank” and the logo can be seen on a bank branch in Frankfurt. Sebastian Gollnow/dpa Andrea Orcel, chief executive of Italy’s UniCredit, expressed an interest in a complete takeover of Germany’s Commerzbank, in remarks published on Monday in Germany’s Handelsblatt financial daily. “A merger of the two banks could lead to considerable […]
CashNews.co MILAN (Reuters) – Italy backs tariffs proposed by the European Commission on Chinese exports of electric vehicles (EVs), Italian Foreign Minister Antonio Tajani said on Monday before a meeting in Rome with China’s commerce minister. “We support the duties that the EU Commission proposes, to protect the competitiveness of our companies,” Tajani told daily […]
CashNews.co Wealthy UK and French taxpayers still want to relocate to Italy despite Rome’s recent decision to double its flat tax on the foreign income of rich expats to €200,000 a year. With the looming abolition of Britain’s historic “non-dom” tax regime, advisers claim Italy remains a highly attractive alternative. “People move not just because […]
CashNews.co ROME (Reuters) – Two Italian ministers criticised the European Central Bank after it cut interest rates by a quarter of a percentage point on Thursday, saying the move was insufficient and showed a lack of courage. In a move that had been widely expected by markets, the ECB lowered its deposit rate by 25 […]
CashNews.co (Reuters) -Italy’s competition authority has opened an in-depth investigation to assess the acquisition of Vodafone Italia by Swisscom under Italian merger control rules, the Swiss telecoms company said on Thursday. Swisscom agreed a deal in March to buy the Italian unit of Vodafone for 8 billion euros ($8.8 billion). It plans to merge the […]
CashNews.co (Bloomberg) — Italy’s sale of new 30-year debt attracted over €130 billion ($143 billion) of orders as investors rushed to lock in the region’s highest yields before an expected interest-rate cut by the European Central Bank later this week. Most Read from Bloomberg The country’s Treasury is selling €8 billion of a bond maturing […]
CashNews.co MILAN (Reuters) – Telecom Italia (TIM) has put forward a non-binding bid for the remaining operations of BT in Italy, seeking to get about 100 million euros ($110 million) from the seller in order to take on the assets, two sources with knowledge of the matter told Reuters. BT has scaled back its operations […]