CashNews.co ROME (AP) — The city of Florence took new measures Tuesday to crack down on overtourism, just as the Italian government hosts the Group of Seven tourism ministers in the Renaissance city and seeks to significantly boost the country’s place as a top visitor destination. Mayor Sara Funaro’s Cabinet approved a 10-point plan that, […]
CashNews.co ROME (AP) — Italian authorities say a network of European art forgers who painted fake Warhols, Banksys and Picassos and then tried to sell them to unsuspecting buyers with the help of complicit auction houses has been dismantled. Thirty-eight people have been placed under investigation, including six in Spain, France and Belgium. Italian authorities […]
CashNews.co The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU competition authority, Italy’s finance ministry said on Monday. “We confidently await the final approval from the European Commission to advance the completion of the transaction,” the […]
CashNews.co The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators. Both sides had been locked in tough negotiations on the price and terms of the […]
CashNews.co (Bloomberg) — Deutsche Lufthansa AG has worked out differences with the Italian government over the price of ITA Airways and is on track to finalize its deal to take over the money-losing airline as soon as Monday, according to people familiar with the matter. The agreement hit a surprise snag last week when German […]
CashNews.co “Today we have gathered to discuss the financing of COP29. Azerbaijan, with its presidency of COP29, has created a common space for all parties to discuss and achieve a successful outcome. We are fully ready to start a dialogue with everyone on climate change,” Francesco Corvaro, Special Envoy of Italy for Climate Change, said […]
CashNews.co We recently published a list of 11 AI News and Ratings You Should Not Miss. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI news and ratings you should not miss. As tools like ChatGPT by OpenAI become more popular, a larger debate has […]
CashNews.co By Kevin Pinner ( November 8, 2024, 5:34 PM EST) — The European Union must adopt a digital services tax despite the threat of retaliatory trade measures by the U.S., Italy’s finance minister told the country’s Parliament as it seeks to widen the scope of its own measure to domestic companies…. Law360 is on […]
CashNews.co By Valentina Za MILAN (Reuters) -Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income. Like other Italian lenders, whose profits have been boosted by higher interest rates, Monte dei Paschi has been consistently […]
CashNews.co ROME (Reuters) – Italy’s government plans to cut funds previously set aside to support the country’s automotive industry to avoid funding cars made in China, the economy minister said on Thursday. As part of next year’s budget, Rome wants to divert 4.6 billion euros ($4.96 billion) out of the 5.8 billion euros earmarked for […]