Italy Financial News

Subscribe to enjoy similar stories. Francis Ford Coppola was flush from The Godfather in 1973 when he bought an architectural jewel in San Francisco’s North Beach for $500,000. His new headquarters was a flatiron building clad in tile and copper, with an eight-story steel frame that withstood the great earthquake of 1906.

France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions.

European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union.

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion-euro merger of Frankfurt-based Commerzbank, a move that has triggered a fiery response from Berlin.

Italy's main metalworkers union says workers in the automotive sector will go on strike on Oct. 18 in protest of declining output from Stellantis, the biggest carmaker in the country

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Subscribe to enjoy similar stories. Mark Zuckerberg has touted virtual-reality headsets as the next big thing. It turns out people may want something simpler: sunglasses with a camera.

Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender, a Commerzbank supervisory board member warned on Tuesday.

The Texas-based Friedkin Group has reached an agreement to buy Premier League club Everton from current owner Farhad Moshiri, the English team said Monday

Officials from nine southern European Union member countries are focused on harnessing offshore wind and solar energy

Indian students are intent on adding that foreign education experience on their CV. As Canada, Britain and Australia set conditions and caps for foreign students, Indians are looking elsewhere. Barring the US, which continues to dominate the destination wishlist, students are now opting to study in countries that were previously not on their list for reasons such as language barrier, strict work-study norms and higher financial requirements. As some of the traditional favourite education destinations limit entry, others, particularly non-English-speaking countries, are improving the 'ease of onboarding international students'.

Robert F. Kennedy Jr. had a list on his cellphone of up to 43 alleged mistresses. As reported in 2014 the 70-year-old Kennedy scion had the contact details of several women on an alphabetical list under the letter ‘G,’ which his late second wife thought meant ‘goomar,’ the Italian term for mistress. Actress Cheryl Hines of ‘Curb Your Enthusiasm’ was one of the women on the list; she married Kennedy that year in his Hyannis Port family property. Hines has not responded to rumors that her husband was having an affair with Olivia Nuzzi, a journalist for New York magazine, earlier this year. However, according to an insider, the ‘Curb Your Enthusiasm’ star is no pushover. She could never put up with this. She is a strong woman. She is not a meek housewife in her own home. The source claimed that she is financially independent and successful on her own.

arbitral award that a consortium led by ONGC won against the Italian energy multinational ENI Group in 2021. Justice Prateek Jalan passed the stay order after the ENI group deposited over Rs 296 crore in the HC, which also gave liberty to the ONGC to initiate appropriate proceedings with regard to the money lying in the international bank account of the group. However, the HC allowed the Italian energy group to file its objections to the execution petition moved by the ONGC. According to ONGC, the foreign energy company is liable to pay USD 31,577,805 in terms of the award.

Subscribe to enjoy similar stories. Ripley made me gasp. Netflix’s adaptation of the Patricia Highsmith novel The Talented Mr Ripley is a wonder of black-and-white gorgeousness, and while leading man Andrew Scott may not have had anywhere near as much fun playing Tom Ridley as Matt Damon and the impossibly gorgeous Alain Delon before him, cinematographer Robert Elswit makes up for it with dazzling camerawork somehow reminiscent of both Caravaggio and Hitchcock — at the same time.

Madonna has attempted a semi-stealth entrance to the Dolce & Gabbana runway show draped in a black veil for a runway show referencing her 1990s heyday and celebrating the cone bra

David Raya came to Arsenal's rescue in the Champions League on Thursday with a double save from a penalty that was celebrated by his teammates as wildly as a goal being scored. It preserved a 0-0 draw with Atalanta in the opening round of matches in the revamped tournament, and provided a further demonstration of the shot-stopping qualities of a goalkeeper more renowned for his ability with the ball at his feet.

First-time applications from people seeking asylum in European Union countries declined in June, with Syrians, Venezuelans, and Afghans being the primary applicants, a report from the bloc's statistics agency Eurostat showed on Friday. Eurostat reported 70,375 first-time asylum requests from non-EU citizens across the bloc's 27 countries, a decrease of 17% compared to June 2023. Syrians remained the largest share of applicants, accounting for 12% in June, followed by Venezuelans and Afghans, accounting for 9% and 8% respectively.

Dara Shukoh, the favorite son and favored successor of the Mughal Emperor Shahjahan who built the Taj Mahal.It was the last text he wrote, published in 1655 circa, which led to his humiliation, defeat and eventual death. He was tortured and beheaded for blasphemy by his brother Aurangzeb, because of his “Confluence of two seas”, where he attempted to bring together Hinduism and Islam.

wealthy individuals warning that the change will cause an exodus of the super-rich. A survey this month showed that abolition could cost the country almost £1 billion ($1.3 billion) in lost revenue rather than the £3 billion boost initially predicted. Anecdotal evidence suggests some financiers are already heading to the more tax-friendly climes of Dubai, Switzerland or Italy. Even so, the concerns may prove overstated. People who live in the UK but who can plausibly claim somewhere else is their permanent home, or domicile, may opt for a special tax treatment known as the “remittance basis,” which exempts them from paying anything on foreign income or capital gains unless these are brought into the country. Until now, non-domiciled individuals have also been exempt from inheritance tax on their overseas wealth, whereas UK-domiciled residents are liable to pay a rate of 40% (after allowances) on their worldwide assets. It’s a system that confers significant tax benefits, which become more lucrative the wealthier you are. It’s also an anachronism that should have been scrapped long ago. The origins of the non-dom regime stretch back to 1799, when Prime Minister William Pitt the Younger imposed the first income tax to finance the Napoleonic Wars. It was intended as a deferral for colonial plantation owners, who would be taxed on the income from sugar, tobacco and cotton shipments only when they received the funds. That evolved later into an exemption.