business archivos - Page 5 of 6

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.

Airbnb agrees to pay tax bill of €576million to Italy

December 13, 2023December 13, 2023Deborah CaterLeave a Comment

Short-term rental platform Airbnb announced its agreement to pay €576 million in a tax bill, settling a dispute over alleged evasion.

AI Act agreement significant step forward say Italian ministers

December 10, 2023December 10, 2023Deborah CaterLeave a Comment

Business and Made in Italy Minister Adolfo Urso and Alessio Butti, the cabinet undersecretary with the innovation portfolio, welcomed the EU’s provisional agreement on the Artificial Intelligence Act agreed on Friday.

The unemployment anomaly in Italy

September 4, 2023September 4, 2023Deborah CaterLeave a Comment

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?

Image shows young people working a project. A CGIA report states the low birthrate and educational levels in Italy are causing a problem for businesses,

CGIA says declining birth rate causing problems for businesses

September 2, 2023September 2, 2023Deborah CaterLeave a Comment

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.

A grid of four Italian banks, which have been hit by a surpprise windfall tax by the government

Windfall tax sends bank shares plummeting

August 8, 2023August 8, 2023Deborah CaterLeave a Comment

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.

Business and Economy round-up. Petrol station

Business and Economy round-up: 1st August 2023

August 1, 2023August 1, 2023Deborah CaterLeave a Comment

A round-up of the top business and economy news on 1st August 2023.

PM Meloni at Assolombarda conference stated Italy's economy is mmost reliable in Eurozone.

Italy’s economy most reliable in Eurozone – Meloni

July 3, 2023July 3, 2023Deborah CaterLeave a Comment

Italy’s economy is growing “beyond expectation”, making it the most reliable country in the Eurozone, Premier Giorgia Meloni said on today.

Lufthansa to buy 41% of ITA Airways

May 26, 2023May 26, 2023Deborah CaterLeave a Comment

Lufthansa is to buy 41% of ITA Airways via a 325-million-euro capital increase, the German carrier said on Thursday. It reached an agreement with the Italian economy ministry to acquire a minority stake.

Italy is one of the lowest adopters of digital payments

Meloni’s draft budget gives merchants right to refuse low-value digital payments

December 4, 2022December 4, 2022Deborah CaterLeave a Comment

In her first budget since becoming Italian Prime Minister, Giorgia Meloni included a proposal regarding low-value digital payments. She proposes merchants should have the right to refuse digital payments for transactions below €60.