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ROME — While new COVID-19 cases surge in Italy’s north, the island of Sardinia has earned coveted ’’white zone” status, allowing for evening dining and drinking at restaurants and cafes and the reopening after months of closure of gyms, cinemas and theaters.Earlier this year, the Italian government added ’’white zone” status to its…
Could it be deja vu all over again?The same ride sharing services that are constantly doing battle in the U.S. about whether or not they should be hiring their workers – a move that would cripple their cost structure and any hopes of future profitability for their respective businesses – are now fighting the same battles about their food delivery workers.This…
ROME/BRUSSELS: The world’s financial leaders committed to a more multilateral approach to the twin coronavirus and economic crises.“We agreed that any premature withdrawal of fiscal and monetary support should be avoided,” Daniele Franco, Italy’s finance minister, told a news conference after an online meeting held by the G20 finance…
Breadcrumb Trail Links PMN Technology PMN Business Author of the article:ReutersGavin Jones and Jan StrupczewskiROME/BRUSSELS — The world’s financial leaders agreed on Friday to maintain expansionary policies to help economies survive the effects of COVID-19, and committed to a more multilateral approach to the twin coronavirus and economic…
Consob, the government authority in Italy responsible for the regulation of the Italian securities market, announced today that it has ordered the blackout of 6 new websites offering financial services illegally in the country.According to the official announcement, the regulator has blocked a total of 391 websites involved in fraudulent financial…
(ANSA) – ROME, FEB 26 – ISTAT said Friday that turnover forItaly’s services sector plunged by 12.1% in 2020, the biggestdrop since the start of the compilation of statistics on thisfactor in 2001. The national statistics agency said its seasonally adjustedservices turnover index decreased by 2.2% in the fourth quarterof 2020…
(ANSA) – ROME, FEB 25 – Business and consumer confidence rosein Italy this month, ISTAT said on Thursday. The national statistics agency said its consumer-confidence ideximproved, going from 100.7 to 101.4 points. It said its IESI (ISTAT Economic Sentiment Indicator) index rosefrom 88.3 to 93.2 points. (ANSA). …
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—rose to 93.2 in February from 88.3 in January.The increase was driven by a broad-based improvement in sentiment in all sectors:…
By Emilio Parodi3 Min ReadMILAN (Reuters) – Milan prosecutors said on Wednesday they had ordered four major food delivery companies to officially hire more than 60,000 workers and pay a total of 733 million euros ($889 million) in fines after an investigation showed their working conditions were inadequate.FILE PHOTO: An Uber Eats food delivery courier’s…
Business A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88per cent stake in motorway unit Autostrade per l’Italia on Tuesday, two sources close to the matter said. FILE PHOTO: A logo of the Atlantia Group is seen outside its headquarters in Rome, Italy…
ROME: Italian Prime Minister Mario Draghi’s new government aims to deal with problem bank Monte dei Paschi by pushing ahead with plans to re-privatise the loss-making lender, a source close to the matter said.Rome spent 5.4 billion euros ($6.6 billion) in 2017 to rescue the Tuscan bank, leaving the state with a 64% stake. MPS now needs another 2.5…
Business A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88per cent stake in motorway unit Autostrade per l’Italia on Tuesday, two sources close to the matter said. FILE PHOTO: A logo of the Atlantia Group is seen outside its headquarters in Rome, Italy…
Spain’s Ibex bucks the negative trend The major European indices are ending the session with mixed results. Spain’s Ibex buck the trend with solid gains. France’s CAC and UK FTSE 100 is near unchanged. The German DAX is lower. The snapshot of the provisional closes are showing:German DAX, -0.7%France’s CAC, +0.1%UK’s FTSE…
(ANSA) – ROME, FEB 23 – The number of sick notes filed toemployers in Italy rose 22% in the fourth quarter of last yeardue to COVID-19, pensions and social security agency INPS saidTuesday. In total, they were 7,155,050, up from 5,864,193 in the samequarter of 2019. “The increase is probably due to the impact of…
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LONDON — Core European government bond yields picked up in early trading on Tuesday, resuming their upward trajectory, even after the European Central Bank signaled discomfort with the recent surge in yields.
Borrowing costs across the euro zone have risen sharply this month as the prospect of more U.S. fiscal stimulus boosted hopes
MILAN — Telecom Italia (TIM) is preparing to provide technological and financial support to sports streaming service DAZN Group as it bids for the rights to screen Italy’s top soccer league, said three people close to the matter. DAZN is leading the race for rights to broadcast Italy’s Serie…
EU COVID funds to give ‘strong boost’ to public investments Want to know more click here go to source….
Closing changes for the main European bourses Want to know more click here go to source….
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