CashNews.co VATICAN CITY (CNS) – Celebrating the feast of St. Matthew with Italy’s financial police, Pope Francis urged them to follow the example of their patron, the tax collector who became an apostle, by not only being just, but also bringing charity and solidarity into their work, especially with migrants and the victims of crime. […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. You might be forgiven for missing a milestone for the Eurozone: Italy’s economy was finally back to its pre-financial crisis peak. Getting back to where it started has taken over a decade longer than […]
CashNews.co ROME (Reuters) -Italy has approved BlackRock, the world’s biggest asset manager, holding a stake of more than 3% in Italian defence and aerospace group Leonardo, a document seen by Reuters showed on Monday. The document, sent by Italian Prime Minister Giorgia Meloni’s office to parliament, deals with so-called “golden power” decisions. Rome has “golden […]
CashNews.co (Bloomberg) — Italian Premier Giorgia Meloni is looking for a way to extract a levy from banks and insurers to help finance the country’s budget that won’t flounder like previous attempts. That may involve finding an agreed solution with the banks themselves for some form of contribution from their extra profits, according to two […]
CashNews.co ROME (Reuters) – UniCredit is “doing well” to act within the European Union’s internal market, Italian Foreign Minister Antonio Tajani told the Class CNBC network on Monday, commenting on the Milan-based bank interest for Germany’s Commerzbank. UniCredit has built up a 9% stake in Commerzbank and on Monday said it could potentially raise it […]
CashNews.co BOSTON & MILAN, September 23, 2024–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has opened an office in Milan and named Leonardo Castrichino to oversee its business in Italy as Country Manager, along with several additional leadership appointments. “Since opening our first European offices in 2016, BHSI has been growing thoughtfully and […]
CashNews.co ROME (Reuters) – Italy’s economic growth last year was weaker than previously estimated but, more positively for the government, the budget deficit and public debt as a proportion of output were also revised down, national statistics bureau ISTAT reported on Monday. The revisions somewhat ease the pressure on Prime Minister Giorgia Meloni as she […]
CashNews.co (Bloomberg) — Italy is considering asking banks for a symbolic contribution calculated from earnings posted in the last two years, Corriere della Sera reported on Sunday. Prime Minister Giorgia Meloni’s government is studying a 1%-2% one-time payment by lenders based on their profits, the newspaper reported, without saying where it obtained the information. The […]
CashNews.co In 2024 alone, between 50,000 and 60,000 pigs were slaughtered across Italy in efforts to contain swine fever (SONNY TUMBELAKA) Pig farmer Alberto Cavagnini has slaughtered 1,600 of his hogs due to swine fever, a virus threatening the 20-billion-euro pork industry in Italy, including its world-famous prosciutto. The disease, which is fatal for pigs […]
CashNews.co (Bloomberg) — Italy is looking to create a new company to build small nuclear reactors, and officials are in preliminary talks with Ansaldo Nucleare SpA, Enel SpA, and Newcleo Ltd. to develop the plan, according to people familiar with the matter. Most Read from Bloomberg The move would be a major shift for the […]