Business news from Italy: archives - Page 14 of 37

Carlos Tavares. Alexander Migl, CC BY-SA 4.0 , via Wikimedia Commons

Stellantis shares drop 7% as CEO Carlos Tavares quits

December 2, 2024December 2, 2024Deborah CaterLeave a Comment

Stellantis shares fell 7% to €11.65 on Monday after CEO Carlos Tavares announced his immediate resignation.

Piaggio Ape vehicle By Xhienne - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=2160475

Piaggio moves production of iconic Ape vehicle to India

December 2, 2024December 2, 2024Deborah CaterLeave a Comment

After 76 years, Piaggio’s legendary Ape three-wheeled vehicle will no longer be produced in Italy. Manufacturing has been relocated to India, marking the end of an era for the Pontedera factory near Pisa, where the Ape was produced since its launch in 1948.

Italy's economy is giving mixed signals. Credit: Adobe Stock

Italy’s Economy: GDP Stagnates in Q3 2024

December 2, 2024December 2, 2024Deborah CaterLeave a Comment

Italy’s economy showed mixed signals in recent reports released by Istat and other agencies on Monday.

ITA - Lufthansa planes at airport stands. Lufthansa's stake in ITA approved by EC

EU Commission Approves Lufthansa’s stake in ITA Airways

November 30, 2024November 30, 2024Deborah CaterLeave a Comment

The European Commission has given final approval to Lufthansa’s acquisition of a minority stake in ITA Airways. This decision clears the path for creating Europe’s largest airline group.

National General strike protest in Rome, 29 November 2024. Credit: AP Photo/Gregorio Borgia

General Strike – Protest across the Country

November 29, 2024November 29, 2024Deborah CaterLeave a Comment

Today’s general strike in protest against the 2025 budget, organised by CGIL and UIL trade unions, marked a pivotal moment in Italy’s ongoing political and social discourse.

render of Italian Pavilion Expo 2025 exterior. From Expo 2025 site

Innovation and Sustainability in Italian Pavilion at Expo 2025

November 29, 2024November 29, 2024Deborah CaterLeave a Comment

Innovation and sustainability took centre stage during Mario Cucinella’s presentation of the Italian Pavilion at Expo 2025 Osaka.

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.