Business news from Italy: archives - Page 24 of 36

Bottle of prosecco in the snow Image by Janusz Walczak from Pixabay

Sparkling year for Italian spumante

January 1, 2024January 1, 2024Deborah CaterLeave a Comment

In 2023, Italian spumante will have outsold champagne with an estimated 95million bottles uncorked in Italy during the festive season, compared to around 6million bottles of Champagne.

Rafaele Fitto who announced the receipt of the fourth tranche of NRRP from the EU

Fourth instalment of NRRP received

December 28, 2023December 28, 2023Deborah CaterLeave a Comment

The government is “very satisfied” with the disbursement by the European Commission of the fourth instalment of Italy’s national recovery and resilience plan (NRRP). It is worth €16.5billion, European affairs minister Raffaele Fitto said on Thursday.

Cyberattack on Italian government organisations

December 19, 2023December 19, 2023Deborah CaterLeave a Comment

On 8th December the Italian cloud service provider Westpole experienced an alleged ransomware attack, with the Lockbit 3.0 variant reportedly employed by threat actors. This cyberattack significantly disrupted the operations of various local and government organisations.

Chiara Ferragni at the centre of a row over her Pandoro and donation to charity.

Ferragni donates €1million to Turin’s Regina Margherita children’s hospital

December 19, 2023December 19, 2023Deborah CaterLeave a Comment

On Friday, Italy’s Antitrust authority said it had issued fines of over €1million to companies linked to influencer Chiara Ferragni over sales of her designer Pandoro. The influencer initially challenged the fines, but on Monday she announced she would be making a €1million donation to the Turin children’s hospital.

Italian economy is at a standstill. Image credit : Image by masadepan on Freepik

Italian economy almost at a standstill and debt grows

December 16, 2023December 16, 2023Deborah CaterLeave a Comment

The Italian economy is in stagnation and in the fourth quarter of 2023 GDP growth is almost at a standstill, Italy’s leading industrial association Confindustria said today.

Italian Tax Police seize €86.5million from UPS Italia

December 15, 2023December 15, 2023Deborah CaterLeave a Comment

On 14th December, Italy’s finance police seized approximately 86.5 million euros from UPS Italia, the Italian branch of United Parcel Service (UPS.N), a U.S. package delivery company. The police cited alleged tax fraud and illicit labour practices.

Campari to buy Courvoisier for deal valued at $1.32billion

December 14, 2023December 14, 2023Deborah CaterLeave a Comment

Campari is set to acquire Courvoisier Cognac from the US-Japanese spirits group Beam Suntory in a deal valued at $1.32bn. This represents the largest acquisition by the Italian spirits group, as leading cognac makers, including Courvoisier, report decreased sales due to slowing consumer demand.