City Milan Financial News

Italian Serie A season resumes with a highly anticipated clash between Inter Milan and AC Milan, two of the league's top teams. Both clubs have begun the 2023-24 season with a perfect 3-0-0 record, setting the stage for an exciting encounter. In their previous matches, AC Milan secured a 2-1 road win against Roma, while Inter Milan convincingly defeated Fiorentina 4-0 on September 3. Here's everything you need to know to watch this thrilling match.

New Delhi: Toy retailer Hamleys, owned by Mukesh Ambani’s Reliance Industries Ltd., has inaugurated its first retail store in Italy with franchisee Giochi Preziosi S.P.A (GP), a prominent player in the European country’s toy manufacturing and distribution industry.. Under the terms of the franchise agreement, GP has secured the exclusive rights to operate Hamleys stores throughout Italy, Reliance Brands Ltd. (RBL), that acquired the British toy retailer in 2019, said in a statement on Thursday Hamleys has made its debut in Italy with a store in Milan at the Corso Vittorio Emanuele II.

Hamleys, owned by Reliance Brands Limited has opened first retail store in Italy with franchisee Giochi Preziosi SPA (GP), a leading player in Italy's toy manufacturing and distribution industry. Under the terms of the franchise agreement, GP has the rights to operate Hamleys stores throughout Italy. The first store is situated in Milan, at the renowned Corso Vittorio Emanuele II, and will be followed by the launch of a flagship store in Rome. “Guided by our vision — crafting memories through the joy of play, we are looking forward to becoming a centerpiece store in the popular shopping and tourist destination of Corso Vittorio Emanuele II, Milan,” said Sumeet Yadav, CEO, Hamleys Global. Hamleys was founded in 1760 by William Hamley and acquired by Reliance Brands Limited (RBL) in 2019. Currently it has a footprint of 191 stores spread across 15 countries. Hamleys continues to expand into newer markets, most recently the Balkans, with its first store in Albania and Kosovo, and further its reach in existing territories like India and Middle East with a store in Qatar. Spread across 13,300 sq.

Delta flight traveling from Atlanta to Barcelona was forced to return, reportedly due to a «biohazard issue» resulting from a passenger experiencing diarrhea onboard, according to media reports. Flight 194 had been in the air for approximately two hours on a Friday evening when the pilot made the decision to return to its departure point. In an audio clip shared on X (formerly Twitter), the pilot mentioned that a passenger had suffered from diarrhea, affecting multiple areas of the aircraft, as per reports. Following the incident, the plane underwent a thorough cleaning process and eventually departed for Barcelona the following day. Delta, in a statement provided to the Insider website, confirmed that there had indeed been a «medical issue» on board, necessitating the return to Atlanta for cleaning purposes. The statement read: «Delta Flight 194 from Atlanta to Barcelona returned to Atlanta following an onboard medical issue.» This occurrence follows a recent incident in which 11 passengers and crew members were hospitalized due to severe turbulence on a Delta flight from Milan to Atlanta, as reported by the US-based airline.

Toto Cutugno, a prominent personality of Italian music, has passed away today at the San Raffaele Hospital in Milan. The renowned singer-songwriter, who recently celebrated his 80th birthday in July, had been under hospital care for several months at the San Raffaele Hospital in Milan. Cutugno's international presence was significant, cementing his status as one of Italy's most beloved performers.

QR codes are also proliferating, including on individual portions of pre-sliced Prosciutto di San Daniele, a raw ham similar to Prosciutto di Parma. A smartphone can be used to show information such as how long the prosciutto has been aged and when it was sliced.

The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). 

Paris | Last month, Macquarie boss Shemara Wikramanayake went to Italy with a large pair of scissors. Her mission: to cut the ribbon at the company’s newly leased office in Milan, where the group’s investing and deal-making has stepped up a gear.

With Russia's war still raging, countless Ukrainian families are facing the pain of spending this festive period apart. 

Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy's banking and insurance markets.

Spanish footballer Pablo Marí, who was wounded in a knife attack at an Italian shopping centre on Thursday, has undergone surgery to treat wounds to his back.

The United States-based cryptocurrency exchange Coinbase continues aggressive European expansion by securing approval to offer crypto services in Italy.

One of the world’s biggest cryptocurrency exchanges, Binance, strengthened its European presence by obtaining registration and regulatory approval in Italy. A Binance company had previously registered to operate in France at the beginning of May. 

In an unusual merger of cryptoverse high-tech and high-end fashion straight from the streets of Milan, the Italian luxury fashion house Fendi has teamed up with hardware wallet maker Ledger to showcase two tech accessories for the latter company’s flagship Ledger Nano X.