Day: March 27, 2025

Threats from Unscrupulous Use of Space Says Mattarella

Rome: There are threats from the unscrupulous use of space, President Sergio Mattarella said Thursday. “We live in an era of profound geopolitical, technological, strategic transformations that confirm the need for professionalism and readiness. Globa…

Ferrari Increases Prices by Up to 10% in Response to US Tariffs

Maranello: Ferrari on Thursday announced it will implement price hikes of up to 10% in response to US President Donald Trump’s 25% tariffs on auto vehicles and parts. The luxury sportscar manufacturer revealed this strategic move as a direct consequen…

UniCredit AGM Approves Capital Hike for Banco BPM Bid

Milan: UniCredit’s annual general meeting on Thursday approved a capital hike to finance the hostile takeover bid by Italy’s second biggest bank for the country’s third biggest, Banco BPM. Shareholders holding 99.88% of the capital voted in favour of …

Porsche Halts Plan for Testing Center in Puglia

Puglia: Porsche has announced the suspension of its development plan for a new testing center in Puglia, citing a “complicated context” for the auto sector influenced by factors such as US President Donald Trump’s 25% tariffs on car imports to the USA…

Wine Tariffs Already Applied, Goods to US Blocked

Vatican City: US tariffs on Italian wines have already been applied, and goods going to the US have been blocked, the Unione Vini wine group said Thursday.

According to Ansa News Agency, “The tariffs are already applied even if they do not exist bec…

Heavy Effects of Tariffs on Auto Supply Chain Firms

Rome: US President Donald Trump’s 25% tariffs on auto vehicles and parts will have heavy effects on companies in the Italian auto supply chain, sector group ANFIA said Thursday. “The tariffs will not have a devastating effect, but a significant one. A…