Milan: Saipem closed the first quarter with a 35% increase in net profit, reaching 77 million euros, the Italian oil engineering group announced on Wednesday. Revenues experienced a 15.5% rise, totaling 3.52 billion euros. The company maintained its f…
Rome: The International Monetary Fund (IMF) announced a revision of its 2025 GDP growth forecast for Italy, decreasing it to 0.4%. This marks a 0.3 percentage point reduction from its previous estimate made in January.
According to Ansa News Agency,…
Rome: UniCredit on Tuesday blasted the conditions the government has put on approval for the bank’s bid to take over Banco BPM. UniCredit, Italy’s second biggest bank, launched a hostile bid for BPM, the third biggest, some months ago.
According to A…
Rome: Some 68,000 jobs are at risk in Italy due to US President Donald Trump’s tariffs, the Parliamentary Budget Office (UPB) said on Thursday.
According to Ansa News Agency, the US tariffs will impact almost every sector of the Italian economy, le…
Rome: Tariffs and ongoing economic uncertainty are projected to negatively affect Italy’s GDP growth by 0.2 percentage points in 2025 and 0.3 percentage points in 2026, as reported by Istat. This forecast was revealed during a parliamentary hearing co…
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…
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…
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…