The unemployment figures for Italy in July 2023 showed an increase to 7.6%. Meanwhile, Italian companies have failed to fill more than half the positions needed for September. If there are all those jobs available, why is unemployment on the rise?
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Mestre’s CGIA business association reports Italy’s declining birth rate is starting to cause problems for the nation’s firms. The number of young people has dropped by almost 1million in the last ten years.
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Italy’s proposed cap on air fares is in line with European Union norms and is not a breach of free-market rules Italy’s transport ministry said Wednesday. Some airlines have asked the European Commission to intervene in the matter.
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Italy’s bank stocks regained much of the value they lost on Tuesday after clarification from the government. The 40% windfall tax will be capped at 0.1% of an institutes’ assets.
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The share prices of Italian banks plummeted on Tuesday after the government announced on Monday that it was imposing a 40% windfall tax on lenders’ surplus profits.
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Premier Giorgia Meloni’s cabinet on Monday is set to examine the so-called Omnibus decree. The decree has measures for a variety of sectors, including taxis and air transport.
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The Lower House on Thursday approved a motion to suspend for 60 days examination of the minimum wage bill. Opposition MPs shouted “shame” as the suspension of the minimum wage bill was approved.
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A round-up of the top business and economy news on 1st August 2023.
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The defence minister Guido Crosetto says Italy is looking to leave the ‘improvised and atrocious’ decision to join China’s Belt and Road Initiative (BRI) made in 2019.
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A fifth worker dies of heatwave-related causes in Italy over the last two weeks. The 50-year-old man from Tunisia died on Monday, trade union CGIL said today.
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