Business news from Italy: archives - Page 35 of 36

Vatican trial focuses on troubled Carige bank

Vatican trial focuses light on troubled Carige bank

July 19, 2021July 19, 2021Deborah CaterLeave a Comment

Pope Francis’s efforts to clean the tarnished image of Holy See finances brings into focus the thwarted takeover of Carige bank in 2018. Vatican prosecutors allege one of Carige’s leading shareholders embezzled money from the Catholic church.

G20 finance meeting on climate in Venice made “significant progress”

July 17, 2021July 17, 2021Deborah CaterLeave a Comment

International Monetary Fund Managing Director Kristalina Georgieva praises Venice and the diplomacy of Italian Economy Minister Daniele Franco and Bank of Italy Governor Ignazio VIsco at G20 meeting.

Alitalia successor ITA will start flying in mid-October

ITA to start flying in mid-October after deal agreed with European Commission

July 15, 2021July 15, 2021Deborah CaterLeave a Comment

Italia Trasporto Aereo (ITA) will replace state-owned Alitalia and start flying in mid-October. This after Italy reached a long-awaited deal with the European Commission following months of haggling over the fate of the old, loss-making airline.

Renzi accused of illegal financing Image: https://www.flickr.com/photos/tukulti/27370052441/

Matteo Renzi under investigation for illegal financing and false invoicing

July 14, 2021July 14, 2021Deborah CaterLeave a Comment

Former Prime Minister Matteo Renzi is under investigation for illegal financing and false billing. Also accused is his VIP manager Lucio Presta.

Beppe Grillo, founder of 5-star movement

Italy’s 5-Star Movement founder and former PM agree to relaunch party

July 12, 2021July 12, 2021Deborah CaterLeave a Comment

Italy’s former Prime Minister Giuseppe Conte and the founder of the co-ruling 5-Star Movement, comedian Beppe Grillo, reached an agreement on Sunday. Differences over the future of the party had arisen recently. The party can now relaunch.

Judicial reform to go t referendum. Justice system moves at snail-pace in Italy

Italy’s justice system one of the slowest in Europe

July 8, 2021July 8, 2021Deborah CaterLeave a Comment

The European Commission’s annual justice scoreboard places Italy’s justice system among the slowest in Europe. It takes over 1,300 days for decisions at third-instance courts.

Italian watchdog probes TIM sports streaming deal

July 8, 2021July 8, 2021Deborah CaterLeave a Comment

Italy’s antitrust regulator said on Thursday it had opened an inquiry into a deal between sports streaming app DAZN and Telecom Italia (TIM) on Serie A matches to assess whether it would damage competition.

tourism labour shortage affects Italy and rest of Europe

Tourism labour shortage in Italy

July 5, 2021July 5, 2021Deborah CaterLeave a Comment

The tourist industry should be enjoying the return of visitors now many covid restrictions have been lifted. Instead, they find themselves facing an unexpected problem – a tourism labour shortage.

Is the Five Star Movement imploding?

June 30, 2021July 5, 2021Deborah CaterLeave a Comment

The Five Star Movement in Italy looked to upset the political applecart when it first arrived on the scene. After an initial momentum, the party appears to have lost its way.

Fiumicino airport domestic routes are being grabbed by budget airlines. Image from wikipedia

Budget airlines swoop in on Alitalia domestic routes as ITA remains grounded

June 15, 2021July 13, 2021Deborah CaterLeave a Comment

The launch of ITA, Alitalia’s successor, remains something of an unknown. Meanwhile, budget airlines Ryanair and Wizz Air are wasting no time in grabbing Italy’s domestic routes.