CashNews.co By Hannah Brockhaus Vatican City, Sep 19, 2024 / 11:36 am The Vatican is cooperating with Italian prosecutors on an investigation into the leaking of financial information related to the Vatican’s major finance trial that ended last year. Italian media report that two men are being investigated for having gained unauthorized access hundreds of […]
Bank of Italy sees signs of recovery in chronically weak south #ItalyFinance
CashNews.co ROME (Reuters) – Italy’s underdeveloped southern regions, which for years have held back the national economy, are finally showing signs of closing the gap with the rich north, Bank of Italy Governor Fabio Panetta said on Thursday. Over recent decades per capita gross domestic product in the south has been little more than half […]
Italy’s central bank chief backs carbon incentive scheme to help poorer countries #ItalyFinance
CashNews.co Italy’s central bank governor Fabio Panetta has thrown his support behind the idea of a global carbon reduction incentive scheme, arguing that it could help provide financing for emerging economies seeking to speed up their transition to net zero. Speaking on Monday at the start of a conference at the Banca d’Italia on “ensuring […]
Italian PM Giorgia Meloni condemns EU’s green rules for struggling auto industry #ItalyFinance
CashNews.co Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Italy’s Giorgia Meloni has lashed out at the EU’s ban on the sale of new fossil fuel-powered car engines after 2035 as a “self-destructive” policy, and vowed to press Brussels “to correct these choices”. […]
InvestEU: EIB signs €166 million green loan with BNZ to deploy renewable energy plants in Spain, Italy and Portugal #ItalyFinance
CashNews.co (AGENPARL) – Rome, 18 September 2024 (AGENPARL) – more 18 settembre 2024 PRESS RELEASE2024-341-ENMadrid, 18 September 2024InvestEU: EIB signs €166 million green loan with BNZ to deploy renewable energy plants in Spain, Italy and PortugalThe loan will support the roll-out of 17 new photovoltaic plants with an installed capacity above 700 MW, consolidating the EIB´s position as the […]
How migrant workers suffered to craft the ‘Made in Italy’ luxury label #ItalyFinance
CashNews.co By Emilio Parodi, Elisa Anzolin, Denis Balibouse and Mimosa Spencer PRATO, Italy/GENEVA (Reuters) – “Made in Italy: shame in Italy,” a handful of migrant labourers who had travelled from Italy’s famed leatherware region Tuscany chanted last week in Geneva outside the flagship store of luxury accessory maker Montblanc, holding placards with the slogan. Standing […]
Italy approves decree to sell around 14% stake in Poste Italiane #ItalyFinance
CashNews.co ROME (Reuters) – Italy approved on Tuesday a decree allowing the Treasury to sell a stake of up to 14% in postal service Poste Italiane, Prime Minister Giorgia Meloni’s office said in a statement. Under the decree, the state plans to retain more than 50% stake in Poste, the statement said. The Treasury directly […]
Italy targets deficit cut to below EU’s 3% ceiling in 2026 #ItalyFinance
CashNews.co By Giuseppe Fonte ROME (Reuters) – Italy confirmed on Tuesday a previous commitment to bring its deficit below the European Union’s 3% of gross domestic product ceiling in 2026, the Treasury said, after the cabinet discussed a budget plan to be approved by the European Commission. Italy was put under a so-called Excessive Deficit […]
EU electric vehicle probe affecting investor confidence #ItalyFinance
CashNews.co BEIJING (Reuters) -Chinese Commerce Minister Wang Wentao said on Monday the EU investigation into Chinese electric vehicles was seriously affecting Chinese car companies’ confidence in investing in Italy, as a regional vote on additional tariffs looms. Cooperation between the Chinese and Italian automobile sectors has a “solid” foundation and “huge” potential, Wang told Italian […]
POS terminals in Italy, by year 2000-2023 #ItalyFinance
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