Italy has picked a group led by U.S. private equity fund Certares, backed by Air France-KLM and Delta Air Lines Inc for exclusive talks on buying a majority stake in ITA Airways.
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The government must move fast to help Italian households and businesses hit by a record rise in gas and electricity prices amid the Ukraine war, League leader Matteo Salvini said on Friday. The only solution may be to ration gas and electricity.
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The 2022 grape harvest in Italy kicks off at least seven days earlier than last year due to drought and heat over 40 degrees. The overly warm climate sees a cut in production by 10% nationwide.
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Italian energy giant Eni reports its adjusted net profit for the second quarter was €3.81 billion. This takes the half-year profit up to €7.08 billion as energy prices soar.
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Italy’s next government cannot expect Brussels to renegotiate the fundamentals of a €200bn EU-funded Covid-19 recovery plan warns EU economic commissioner. Rome must stick to its reform pledges.
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The cut came on the same day Gazprom shut down the Nord Stream1 gas pipeline to Europe for 10 days, officially for maintenance.
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The global turnover of fake ‘Italian’ food products has risen to an annual €120 billion, Coldiretti farmers group said Monday. The most cloned culinary goods include Parmigiano and Grana Padano cheeses.
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Food inflation is affecting the entire food chain, agricultural entity Coldiretti states. Food prices rose by an average 7.1% in May, Istat figures show.
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The government coalition reached an agreement on the liberalization of Italy’s beach establishments. It is part of the reforms pledged by Italy in exchange for EU grants and low-interest loans.
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Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond. First quarter results showed higher sales due to soaring demand for Aperol and Campari.
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