Italy
Stresa (Italy) (AFP) - US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on "more ambitious options" to use frozen Russian assets to help Ukraine. The ministers and central bankers from the Group of Seven world powers are meeting in Stresa, on the shores of northern Italy's Lake Maggiore, to prepare for a summit of G7 heads of state next month in Puglia. Separately, she said they would also discuss what she considers to be "over-capacity" of key green technologies such as electric vehicles, batteries and solar panels. Top of the agenda is a plan to fina...
AFP
President Volodymyr Zelensky is planning to visit the D-Day commemoration in France and a G7 meeting in Italy in June to ask partners for more military aid, Politico reported on May 22, citing two undisclosed sources. Due to the difficult situation at the front lines, Zelensky canceled on May 15 all of his international events scheduled for the coming days. He reportedly planned to travel to Portugal and Spain at the time. Zelensky's schedule for trips to France and Italy may still change, according to Politico's sources. If the president visits France, he is expected to urge partners to send ...
Kyiv Independent
President Volodymyr Zelensky is planning to visit the D-Day commemoration in France and a G7 meeting in Italy in June to ask partners for more military aid, Politico reported on May 22, citing two undisclosed sources. Due to the difficult situation at the front lines, Zelensky canceled on May 15 all of his international events scheduled for the coming days. He reportedly planned to travel to Portugal and Spain at the time. Zelensky's schedule for trips to France and Italy may still change, according to Politico's sources. If the president visits France, he is expected to urge partners to send ...
Kyiv Independent (CA)
President Volodymyr Zelensky is planning to visit the D-Day commemoration in France and a G7 meeting in Italy in June to ask partners for more military aid, Politico reported on May 22, citing two undisclosed sources. Due to the difficult situation at the front lines, Zelensky canceled on May 15 all of his international events scheduled for the coming days. He reportedly planned to travel to Portugal and Spain at the time. Zelensky's schedule for trips to France and Italy may still change, according to Politico's sources. If the president visits France, he is expected to urge partners to send ...
Kyiv Independent (UK)
The agreement between the Italian government is the latest in a row with Stellantis which last month said it would rename Alfa Romeo's Milano SUV, also produced in Poland. The Italian premier and her ministers have accused Stellantis of misleading buyers of their cars through the use of the "Italian-sounding" moniker. Italy's industry minister Adolfo Urso explained: "A car called Milano cannot be produced in Poland. This is forbidden by Italian law. "This law stipulates you cannot give indications that mislead consumers ... a car called Milano must be produced in Italy." The car is now called ...
Euronews (English)
American fund Oaktree has officially became the new owner of Serie A champion Inter Milan, bringing an end to Suning's eight years in charge. Oaktree took over after Suning failed to meet Tuesday's deadline of repaying a debt of nearly €400 million. That figure stems from a loan, with interest, taken out three years ago, soon after Inter won its previous league title. It was known at the time the club was going to be hit by record losses because of the coronavirus pandemic. "As of May 22, 2024, funds managed by Oaktree Capital Management, LP are the owners of Inter. This follows the failure to...
Euronews (English)
A women's prison near Naples was evacuated as a precaution on Tuesday after a 4.4 magnitude earthquake struck, with its epicentre at an active volcano west of the southern Italian port city. The quake also forced hundreds of residents to sleep in tents or cars. No injuries and only minor damage was reported. The quake was the strongest ever recorded around the Phlegraean Fields, a sprawling area of ancient volcanic centres near the Tyrrhenian Sea, according to Giuseppe De Natale, a volcanologist at Italy’s INGV National Geophysics and Volcanology Centre. During the previous major event in 1984...
Euronews (English)
Generali, one of Italy's biggest insurance companies, has reported a 5.5% increase in operating profits to €1.9 billion for its first quarter of 2024. The company says the rise was mostly due to the continuing robust performance of every business division. Adjusted net profit came in at €1.1 billion for the same period, a drop of 9% from the €1.2 billion seen for the same time last year. Gross written premiums surged to €26.4 billion, an increase of 21.4% that was boosted mainly by the property-casualty insurance and life insurance divisions. Life insurance net inflows reached €2.3 billion, dr...
Euronews (English)
If you’re looking for a European rail adventure this summer, Slovenian Railways have launched one ready-made. The train passes through three countries and eight towns and cities in just two hours. A five-hour version of the route closed down over 30 years ago, but it has been revived for the summer months until 30 September. The best part? The journey will barely make a dent in your travel budget because tickets start at €8 one way. New train line connects Italy, Slovenia and CroatiaThe new route, run by Slovenian Railways, follows a railway line first built over 150 years ago under the Austro...
Euronews (English)
The International Monetary Fund (IMF) has issued a stern warning to Italy, highlighting the need for swift and decisive fiscal reforms to address its escalating public debt. In its concluding statement following the 2024 Article IV consultation mission to Italy, the IMF noted that Italy's economy has demonstrated resilience by recovering from the dual impacts of the pandemic and rising energy prices. This recovery has been largely driven by a resurgence in tourism and substantial policy support. The IMF mission, led by Rachel van Elkan, also stressed the urgent need for Italy to implement fast...
Euronews (English)
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