Business news from Italy: archives - Page 24 of 37

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.

Father Paolo Benanti new President of AI Commission

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

Father Paolo Benanti is the new president of the Artificial Intelligence (AI) Commission on Information.

Italy bottom of league for female employment

January 3, 2024January 3, 2024Deborah CaterLeave a Comment

In the last quarter of 2022, the rate of female employment, for women aged between 20 and 64, was 55% in Italy.

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.