Business news from Italy: archives - Page 14 of 37

Minerva7B: Italy’s New AI Model Unveiled

November 27, 2024November 27, 2024Deborah CaterLeave a Comment

A new version of Italy’s AI response to ChatGPT, named Minerva7B, was unveiled Tuesday at Rome’s La Sapienza University.

Banco BPM Rejects UniCredit’s Takeover Bid

November 27, 2024November 27, 2024Deborah CaterLeave a Comment

Banco BPM, Italy’s third-largest lender, has rejected a €10 billion hostile takeover bid from UniCredit, the country’s second-biggest bank. Banco BPM’s board stated the offer did not reflect its true profitability or potential for value creation.

Vinitaly targets eastern Europea at Wine Vision

November 22, 2024November 22, 2024Deborah CaterLeave a Comment

Vinitaly’s focus on eastern Europe resumes with the “Italy Area” at Wine Vision by Open Balkan in Belgrade, running from Friday to Sunday, 24 November.

Energy costs Energy prices not going to drop soon, say Enel CEO. Credit: Getty Images

Enel: Energy prices unlikely to drop in Italy

November 18, 2024November 18, 2024Deborah CaterLeave a Comment

Enel CEO Flavio Cattaneo stated on Monday that energy prices in Italy are unlikely to decrease in the near future. He cited structural issues and the absence of nuclear power as significant factors.

European Commission Lowers Italy’s GDP Growth Forecasts

November 16, 2024November 16, 2024Deborah CaterLeave a Comment

The European Commission released its autumn economic forecasts on Friday, revising its projections for Italy’s GDP growth.

VAT fraud of hundreds of millions uncovered in Italy

Anti-Mafia probe uncovers huge €250million VAT fraud

November 15, 2024November 15, 2024Deborah CaterLeave a Comment

The State Attorney’s Offices in Palermo and Milan, along with the European Public Prosecutor’s Office (EPPO), have uncovered a criminal organisation linked to the Mafia and Camorra. The organisation allegedly evaded hundreds of millions in the VAT fraud, investigative sources revealed on Thursday.

CGIL Present Landini calls for social revolt

CGIL union calls for “real social revolt”

November 6, 2024November 6, 2024Deborah CaterLeave a Comment

CGIL leader Maurizio Landini, head of Italy’s largest left-wing trade union, called for a “real social revolt” on Wednesday.

ITA Lufthansa merger has stalled

November 5, 2024November 5, 2024Deborah CaterLeave a Comment

The ITA and Lufthansa merger talks stalled overnight, putting the merger agreement on hold. The Italian economy ministry (MEF), which owns ITA Airways—the successor to Alitalia—reportedly rejected Lufthansa’s request to reduce the agreed purchase price of 829 million euros for full acquisition, according to Corriere della Sera.

Italy Faces Surge in Cyber Attacks Amidst Snooping Scandal – Piantedosi

November 1, 2024November 1, 2024Deborah CaterLeave a Comment

Since early 2022, Italy has faced approximately 33,000 major cyber attacks, according to Interior Minister Matteo Piantedosi, who addressed the Senate on Thursday.