CashNews.co FLORENCE, Italy (Reuters) – The head of Italian banking association ABI said on Wednesday banks would have to compete harder to secure medium- and long-term funds as the European Central Bank keeps reducing its bond buying, draining cash away from the financial system. Italy sits on the world’s third-largest public debt and the ECB’s […]
CashNews.co LONDON (Reuters) – Italian insurer Generali will no longer provide new cover for companies involved in oil and gas transportation, processing and distribution if they fail to have a good enough energy transition plan, a statement on its website said. Generali said it will no longer provide policies for risks associated with the so-called […]
CashNews.co ROME (Reuters) – Italy’s public debt as a proportion of output last year was slightly higher than previously estimated, national statistics bureau ISTAT reported on Tuesday. The level of public debt in 2023 was slightly increased to 134.8% of gross domestic product (GDP) from the 134.6% estimated last month, when ISTAT revised the debt-to-GDP […]
CashNews.co YEARS | Updated: Oct 20, 2024 18:43 IS Islamabad [Pakistan]October 20 (ANI): Pakistani tourists looking to visit Italy must meet strict financial requirements when applying for a visa. Italy, known for its cultural richness and iconic tourist attractions, mandates that applicants show proof of sufficient funds to cover their stay, or risk having their […]
CashNews.co ROME (AP) — Workers in Italy’s troubled automotive sector are holding a national strike on Friday for the first time in 20 years, with a massive demonstration crossing the center of Rome. Tens of thousands automotive workers marched through the capital’s streets, waving the unions’ red flags and holding banners asking for better work […]
CashNews.co At a hearing last week, the Bank of Italy, while broadly favorable, suggested the government’s plan was too vague and optimistic. The question remains whether Italy can keep it up: Seven years is a long time, and future governments may think differently. “Certainly I remain concerned about the underlying growth story,” said Balboni, noting […]
CashNews.co Italy Shocks Crypto Community With Proposed 42% Bitcoin Tax Hike Italian cryptocurrency investors were taken by surprise when Deputy Economy Minister Maurizio Leo proposed to almost double the capital gains tax for Bitcoin, from 26% to as high as 42%. The announcement sparked immediate backlash from the crypto community and raised questions about Italy’s […]
CashNews.co Italy’s Deputy Finance Minister, Maurizio Leo, said the government will raise taxes on capital gains on cryptocurrencies such as bitcoin to 42% from 26%, according to Reuters and Bloomberg. The Italian cabinet made the decision because the “phenomenon is spreading,” Leo said of bitcoin during a conference call Wednesday, according to Bloomberg. The move […]
CashNews.co Italy’s far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks and insurers. Prime Minister Giorgia Meloni said late Tuesday that the government expected to raise some 3.5 billion euros from banks and insurance companies […]
CashNews.co Finance MagnatesItaly’s Move to Increase Bitcoin Tax to 42% Follows Global Regulatory TrendsItaly plans to raise the capital gains tax on Bitcoin from 26% to 42%. This decision is part of the government’s efforts to finance costly….2 hours ago Read More #cashnews #Italy #finance