Italy Financial News

The Chinese Commerce Ministry said Wednesday that it would launch an investigation into subsidies given by the European Union and EU member countries for dairy products that could lead to tariffs on their export to China. The announcement came one day after the EU released a draft decision to finalise tariffs on electric vehicles made in China, in a follow-up to provisional tariffs announced last month. The tariffs have been denounced by the Chinese government and automakers and threaten to set back the industry's efforts to go global.

Italy on Monday morning, including British tech entrepreneur Mike Lynch and chairman of Morgan Stanley International Jonathan Bloomer, are presumed to be dead. Italian coast guard officials said on Tuesday that Lynch and Bloomer were among the six people still not found. The other individuals include Hannah, Bloomer's 18-year-old daughter, Clifford Chance attorney Chris Morvillo and his wife Judy, and Bloomer's wife Neda. On Monday, a storm formed around the 184-foot British-flagged yacht The Bayesian, which was moored approximately half a mile offshore. According to civil protection officials, they think the ship was hit by a waterspout, a tornado, that crossed the water and swiftly sank the yacht. On the Giornale di Sicilia website, grainy footage from shore-based closed-circuit cameras depicted the Bayesian's lit 246-foot mast enduring the storm before it vanished within a minute.

Arranged Marriage, he said in an interview that he had always thought that Punjabi was India’s first language, until he landed in India and found out otherwise. Now, something opposite happened to me when I landed at the Heathrow Airport in London in July, knowing fully well that English was the first language of the people living in the United Kingdom. But the only language I could hear around me at Heathrow was Hindustani—the lingua franca of the people of North India and Pakistan.

Search efforts resumed Tuesday for six people who went missing off the coast of Sicily when the luxury superyacht they were travelling in sank in the early hours of the morning Monday.

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...

British tech magnate Mike Lynch and several other people are missing after their luxury superyacht sank during a freak storm off Sicily, Italy’s civil protection and authorities said

Specialist cave divers working in 12-minute underwater shifts are searching for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and ...

Police divers have resumed searching for six people believed trapped in the hull of a superyacht that sank off Sicily

Jonathan Bloomer, Chairman of Morgan Stanley International, is reported missing following the sinking of the superyacht Bayesian. Also missing are Mike Lynch, the yacht's owner, his 18-year-old daughter Hannah, and Chris Morvillo, a lawyer at Clifford Chance. Italian authorities confirm their disappearance, as reported by The Times. The Bayesian, a 56-meter superyacht, sank early Monday morning off the coast of Sicily. The vessel, which had been anchored near Porticello, was struck by a tornado. Initial assessments suggest that the yacht's large aluminum mast may have contributed to its instability and subsequent sinking, as per the reports of Yahoo news.

Fleiß, which can translate as diligence or industriousness. Fleiß shaped the political conversation during the eurozone debt crisis of 2010, when many German voters resented having to bail out their Greek cousins who retired at 57 and, going by the news footage, seemed to spend their lives sipping espresso on cafe terraces. Fast-forward to today and the average Greek worked 1,897 hours last year, according to the OECD, 554 hours more than the average German.

LONDON — British technology entrepreneur Mike Lynch was acquitted of fraud charges in June in a landmark trial over allegations made by Hewlett Packard that he had artificially inflated the value of his company when he sold it to the U.S. enterprise tech giant for $11.7 billion in 2011.

Mike Lynch, the British tech magnate, and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch was among six people who remain unaccounted for after their chartered sailboat sank off Porticello, near Palermo, sometime after 4 a.m. A tornado over the water known as a waterspout had struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body was recovered, and police divers spent the day trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello where it had been anchored, rescue authorities said. They returned to the site after 10 p.m. to see if it would be possible to search through the night, when weather conditions were expected to worsen, said Luca Cari, spokesman of the fire rescue service.

British tech giant Mike Lynch, his lawyer and four other people are among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy's civil protection and authorities said.

European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole for clues on potential rate cuts. The pan-European STOXX 600 index closed 0.6% higher, touching an over three-week high in broad-based market gains, after having notched its biggest weekly gain in three months.

Central Bank of India is on the verge of acquiring Future Enterprises' (FEL) stakes in two insurance joint ventures, as the debt-ridden conglomerate undergoes insolvency proceedings. The state-owned bank is likely to take over Future Enterprises' 25% stake in Future Generali India Insurance Co. and a 33% stake in Future Generali India Life Insurance Co., according to people familiar with the matter. The acquisition comes as the bank seeks to increase its presence in the insurance sector, where it currently holds a minority stake. Lenders to Future Enterprises had divided the company's assets into three groups — insurance ventures, textile businesses and other residual stakes.

India to Ukraine, Ravi Shankar presented his letter of credence to Ukraine's President Volodymyr Zelenskyy at the Presidential Palace in Kyiv. The other envoys who also presented their credentials to Zelenskyy were Ambassadors of Mexico, Italy, Slovakia, the Netherlands, and Belgium, who along with Shankar, will begin their diplomatic missions in Ukraine. Sharing a post on X Friday, Zelenskyy wrote, «Today, the newly appointed Ambassadors of Mexico, Italy, Slovakia, the Netherlands, India, and Belgium begin their diplomatic missions in Ukraine.»

Jerry Epstein at his home, was a rather unpleasant one, and that he had left her very 'unsettled'. The disgraced financer was convicted of sexual offence but long before it, Melinda had despised his work relations with her then husband Bill Gates, which she also spoke about in an old interview in CBS from 2022.

Blake Crouch's novel, will continue to explore its complex narrative and multiverse themes.

super luxury cars are set to surpass previous peaks for the third straight year in India, even as mainstream auto makers are struggling to clear their piled-up inventory by offering massive discounts. A Lamborghini booked now will be delivered only in 2026 or later, as the supercar maker has sold all units its Italian headquarters allocated for India. The company retails the Huracan, Urus and Revuelto in India, with the on-road price ranging from ₹5 crore to ₹10 crore. Ferrari, McLaren and Aston Martin are also seeing strong demand in India for their supercars. Mercedes-Benz and Audi have waiting periods stretching up to a year for their top end models such as the AMG G 63 and RS Q8, priced ₹2.5-4.55 crore on road.

Manchester United will play Fulham in the first match of Premier League for 2024-25 season. The inaugural game will be played at Old Trafford. Erik Ten Hag's Manchester United won FA Cup but lost to Manchester City in FA Community Shield 2024 final. Manchester United versus Fulham Premier League match is scheduled to kick off at 3 pm (ET) on Friday, August 16. Premier League match will be live telecast on USA Network and live streamed on NBC.com. One can also watch the soccer game between Manchester United and Fulham on Fubo TV which offers free trial. Manchester United have signed Matthijs de Ligt and Noussair Mazraoui from Bayern Munich, the Premier League club announced Tuesday. Fees for the pair were not disclosed by the English giants, but British media reports estimated the duo had arrived at Old Trafford for a combined £60 million ($77 million, 70 million euros).

The promising project, Mira Coral Bay consists of diverse properties created in partnership with several renowned lifestyle brands. The collaboration with Mira Developments displays a key achievement for Marjan’s subsidiary, the RAK Dredging Company, as it transforms Al Mairid into a distinctive destination with top-tier infrastructure, supporting Ras Al Khaimah’s ambition to become a premier tourism and investment hub in the region. Talking about the project, Arch.