Category: Business

Italy’s Low-Income Rate Better Than EU Average

Rome: Italy’s proportion of earners on a low income is better than the EU’s at 8.8% to the bloc’s average of 14.7% as of 2022, Eurostat said Sunday. Low-income workers are defined as those who earn two thirds less than the median hourly pay in their c…

USB Union Announces ‘Immediate’ Truck Strike Across Italy

Rome: Grassroots union USB on Saturday announced an immediate strike by hauliers across Italy that will also include local public transport. The union stated the truckers’ strike would be “indefinite”, persisting until a satisfactory response to its g…

Antitrust Probes Rome Transport Company ATAC

Rome: The Italian Antitrust Authority announced that it has initiated an investigation into Rome’s public transport company, ATAC, concerning the quality and quantity of services offered between 2021 and 2023.

According to Ansa News Agency, the auth…

Saipem’s 2024 Profit Skyrockets by 70% Amid Merger with Subsea 7

Rome: Saipem, the Italian engineering giant, announced a remarkable 70% increase in its 2024 profit, reaching 306 million. The surge in profits coincides with a significant merger between Saipem and the Norwegian undersea engineering multinational, Su…

Stellantis European Car Sales Drop by 16% in January

Rome: Stellantis’s sales on the European auto market, encompassing the countries of the EU, EFTA, and the UK, fell by 16% in January compared to the same month in 2024, as reported by ACEA on Monday.

According to Ansa News Agency, the Italian-Americ…

Average Salaries for Women 20% Lower Than Men, Reports INPS

Rome: Average salaries for women in Italy are 20% lower than men’s, according to social security and pensions agency INPS in its latest gender gap report.

According to Ansa News Agency, INPS highlighted that in Italy, the employment rate for women is…

Eni Deal with Egypt and Cyprus for Med Gas Hub

Rome: Eni has signed an agreement with Egypt and Cyprus for the development and export of gas from Block 6 of Cyprus through existing infrastructure in Egypt, to then be liquefied and exported to other European markets, the Italian energy giant said M…

Loans Down 1% in January Amid Growth Slowdown, Reports ABI

Rome: Italian banking association ABI stated in its monthly report on Monday that the recent deceleration in Italy’s economic growth is “helping to depress demand for loans.” Loans to businesses and households showed a decline of 1% in January when co…