business archivos - Page 5 of 7

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.

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.

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.