Category: Business

Italy’s 2024 Exports Reach Record High of Over 305 Billion Euros

Rome: Italy’s exports achieved their highest level in more than a decade in 2024, as reported by Istat on Wednesday. The total exports amounted to over 305 billion euros by the end of December, marking a significant milestone since Istat began recordi…

Italian Business and Consumer Confidence Up Says Istat

Rome: Istat said Wednesday that its business-confidence index rose for the second month in a row in January, rising from 95.3 to 95.7 and taking it back up to the level of April 2024.

According to Ansa News Agency, the national statistics agency ad…

46 Million Euros Seized from Italian FedEx Unit in Tax Fraud Probe

Milan: Italian police have seized 46 million euros from the Italian unit of US-based FedEx as part of an investigation into alleged tax fraud connected to ‘reservoirs of workers’ purportedly employed without benefits. The Economic and Financial Police…

Chiara Ferragni Indicted for Fraud Over Charity Products

Milan: Chiara Ferragni has been sent to trial in Milan for alleged fraud over a charity Christmas cake and a chocolate Easter egg she endorsed, the fashion influencer and businesswoman’s defence team said on Wednesday. The 37-year-old blogger and desi…

Trump to Review Tariffs by April 1, Announces Tajani

Rome: US President Donald Trump will conduct a review of tariffs by April 1, Foreign Minister Antonio Tajani announced Tuesday. The announcement was made following a meeting between Tajani and representatives of the Italian productive sector to assess…

Buying a House is Impossible for 10 Million Families, Reports ANCE

Rome: Buying a house is impossible for some 10 million families in Italy, construction firm group ANCE said Tuesday. In big cities, it is impossible to buy a house for families with an income of up to 24 thousand euros, stated the Economic Observatory…

Turkey’s Baykar Acquires Italian Aviation Companies

Istanbul: Turkish group Baykar has announced a preliminary agreement to acquire two Italian companies currently under extraordinary administration, Piaggio Aero Industries and Piaggio Aviation. The agreement was sealed on Monday, marking a significant…

Trump Term Chance for EU Says Urso on Tariffs

Strasbourg: Donald Trump’s second presidency is a chance that the European Union must grasp to be more assertive, Business and Made in Italy Minister Adolfo Urso said when asked about the threats posed by future Trump tariffs in Strasbourg Tuesday. “I…