Business news from Italy: archives - Page 23 of 36

EU was wrong on farmers says Meloni

February 2, 2024February 2, 2024Deborah CaterLeave a Comment

Premier Giorgia Meloni criticised the EU’s decision to mandate farmers to leave fields fallow for a year. The move aimed to reduce climate-impacting emissions and facilitate inexpensive Ukrainian imports.

ChatGPT violates Data Protection says Italian watchdog

February 1, 2024February 1, 2024Deborah CaterLeave a Comment

Italy’s Data Protection Authority (DPA) says ChatGPT, the AI-powered chatbot, violates data protection regulations. The DPA’s inquiry revealed privacy breaches related to the collection of personal data and age protections.

Photo provided by the Guardia di Finanzia accompanying press release about Chinese shadow banks

Italy uncovers Chinese shadow banks fraud

January 26, 2024January 26, 2024Deborah CaterLeave a Comment

Italian authorities announced on Thursday the discovery of a tax fraud scheme involving 85 suspects and a staggering €1.7billion in false invoices. The intricate operation utilised a network of so-called Chinese shadow banks for money laundering.

Italian economy headed for a tough year Italian debt misses EU target

Italy’s debt down to 140.6% of GDP but economic deceleration predicted

January 22, 2024January 22, 2024Deborah CaterLeave a Comment

In its most recent projection, the Bank of Italy anticipates a further deceleration in the country’s economy in 2024, coupled with a rise in inflation. However, Eurostat announced today that Italy’s debt to GDP ratio was down in the third quarter of 2023.

Lufthansa concessions made to EC over ITA Airways deal

January 10, 2024January 10, 2024Deborah CaterLeave a Comment

On Tuesday, German carrier Lufthansa acknowledged it has made concessions to the European Commission (EC) in an effort to secure approval for its proposed acquisition of a 41% stake in Italy’s ITA Airways.

Zurich and Singapore - world's most expensive cities

The world’s most expensive cities

January 8, 2024January 8, 2024Deborah CaterLeave a Comment

The cost-of-living crisis which started in 2022 may have slowed slightly but western Europe accounts for 4 of the top 10 world’s most expensive cities. Milan is Italy’s highest placed city with a ranking of 80.

Coca Cola – Ferragni collaboration suspended by soft drinks firm

January 6, 2024January 6, 2024Deborah CaterLeave a Comment

Coca Cola said Friday (05/01/2024) it has suspended its collaboration with social influencer Chiara Ferragni over the Pandoro charity affair. The Coca Cola – Ferragni collaboration would have included a TV advert.