Day: April 15, 2025

EU Urged to Strengthen Economic Model Amid Tariff Challenges

Brussels: The EU must bolster its economic and business model to counteract the impact of distorting tariffs, according to the president of Italy’s antitrust authority, Roberto Rustichelli. In his annual report presented on Tuesday, Rustichelli emphas…

Italy Purchasing Power 26% Below Germany Says Confcommercio

Rome: Italy’s purchasing power is 26% below Germany’s, retail group Confcommercio said Tuesday. Taking into account the cost of living, the purchasing power of Italian salaries remains 26.5% lower than the German one and 12.2% lower than the French on…

Disappointing 2024 for Stellantis, CEO by Mid-2025: Elkann

Amsterdam: 2024 was disappointing for Stellantis, President John Elkann told the annual shareholders meeting in Amsterdam Tuesday adding that a new CEO to replace Carlos Tavares who quit in December will be named by the middle of this year.

Accordin…

Milan Bourse Closes 2.39% Up Amid Mixed Tariff Signals

Milan: The Milan bourse closed 2.39% up with the FTSE-Mib index rising to 35,843 points amid mixed signals regarding tariffs from President Trump. The US president stated he was considering exemptions for auto parts but was also contemplating increasi…

Rigid Rules, Europe and US Cars at Risk Says Elkann

Amsterdam: Rigid rules on carmaking and the Green transition are threatening US and European carmaking, Stellantis President John Elkann told the AGM in Amsterdam Tuesday while stressing that the Italo-Franco-American carmaker had been “encouraged” by…