Italy Financial News

Russia sending its fleet including nuclear powered submarine has achieved desired results as far as it has been able to create panic in US media as well as the population at large. The Russian fleet docked at Havana port is around 350 kms from the popular Miami Beach (Florida). So much so that US Southern Command has to rush its submarine USS Helena to Guantanamo Bay in Cuba to inspire confidence in the US public.

Narendra Modi on Saturday shared highlights from his participation in the G7 Summit at Italy and said that he presented India's perspective on the world stage. A video shared by PM Modi shows glimpses of the highlights of his visit to Italy including his arrival in Italy to Italian PM Giorgia Meloni's welcome at the venue of the G7 Summit in Apulia city in Italy. Meloni greeted PM Modi with a 'namaste' and the two leaders then posed for a picture for the cameras.

Goa Chief Minister Pramod Sawant has expressed hope that when Pope Francis visits India as invited by Prime Minister Narendra Modi, his visit itinerary includes the coastal state. PM Modi met Pope Francis on Friday on the sidelines of the G7 summit in Italy.

India-Middle East-Europe Economic Corridor (IMEC) in the G7 Summit Communique issued at the end of the three-day G7 Summit, attended by Prime Minister Narendra Modi. The Communique was issued on Friday evening after the customary «family photo» at the luxury resort of Borgo Egnazia, where the G7 also reiterated a commitment to a «free and open Indo-Pacific» based on the rule of law. Prime Minister Modi attended the G7 Summit at the invitation of Italian Prime Minister Giorgia Meloni, the host. «We will further promote concrete G7 PGII (Partnership for Global Infrastructure and Investment) initiatives, flagship projects, and complementary initiatives to develop transformative economic corridors for quality infrastructure and investment, such as the deepening of our coordination and financing for the Lobito Corridor, the Luzon Corridor, the Middle Corridor, and the India-Middle East-Europe Economic Corridor, also building on the EU Global Gateway, the Great Green Wall Initiative, and the Mattei Plan for Africa launched by Italy,» reads the communique.

artificial intelligence, economic security and migration on the second and final day of their summit Friday, as their delegations worked on a comprehensive joint communique touching on many of the world's major geopolitical and social challenges. The gathering in a luxury resort in Italy's southern Puglia region also discussed other major topics, such as financial support for Ukraine, the war in Gaza, climate change, Iran, the situation in the Red Sea, gender equality as well as China's industrial policy. The second day opened with a session on migration, a key issue to host Italy, which lies on one of the major routes into the EU for people fleeing war and poverty in Africa, West Asia and Asia.

G7 Summit in Italy, Prime Minister Narendra Modi interacted with the leaders of Turkey, the UAE, Brazil and Jordan and struck a pose for the camera along with them on Friday. PM Modi had a «delightful conversation» with Turkish President Recep Tayyip Erdogan, UAE President Mohammed bin Zayed Al Nahyan, as well as the President of Brazil Luiz Inacio Lula da Silva. All the four leaders also posed for the camera and got a picture clicked at the Summit as well, which PM Modi shared on X, saying, «The interactions in Italy continue...Delightful conversation with President @LulaOficial, President @RTErdogan and His Highness Sheikh @MohamedBinZayed»

Narendra Modi held a bilateral meeting with Japanese PM Fumio Kishida on the sidelines of the G-7 Summit in Apulia, Italy and discussed the Mumbai-Ahmedabad High Speed Rail project with a targeted 5 trillion yen worth of investment in India. Highlighting India-Japan relations, the Prime Minister's office said on X, «Boosting India-Japan relations! PM @narendramodi held a productive bilateral meeting with Japanese Prime Minister @kishida230 in Italy on the sidelines of the G7 Summit.»

Narendra Modi met United Nations Secretary General Antonio Guterres in Italy on the sidelines of the G7 Summit here on Friday night. In a post on X, PM Modi said, «Pleased to meet the United Nations Secretary General, Antonio Guterres, in Italy.» Earlier, PM Modi met also US President Joe Biden and Canadian PM Justin Trudeau on the sidelines of the G7 Summit.

European Championship title begins against Croatia in Berlin's Olympiastadion — where the final will be played next month. The other teams in the group are defending champion Italy and Albania. Kickoff is at 6 p.m. local (1600 GMT) on Saturday. Here's what to know about the match: Match facts — Spain and Croatia are meeting for the fourth successive time at the European Championship. Spain knocked out Croatia after a 5-3 extra-time win in the round of 16 at Euro 2020. Spain also defeated Croatia on penalties to win the UEFA Nations League last year.

Zelenskyy, while holding talks with Prime Minister Narendra Modi, discussed the functioning of the Black Sea transport corridor to increase exports of sunflower oil to India. On the sidelines of the G7 Summit, Ukrainian President Volodymyr Zelenskyy met with Prime Minister Narendra Modi in Italy. «The President spoke about the functioning of the Black Sea transport corridor, which makes it possible to increase exports of sunflower oil to India and turnover of other categories of goods,» the Ukrainian president's website read.

Russian President Vladimir Putin promised Friday to “immediately” order a cease-fire in Ukraine and begin negotiations if Kyiv started withdrawing troops from the four regions annexed by Moscow and renounced plans to join NATO.

Meta Platforms will not launch its artificial intelligence assistant Meta AI in Europe for now following a request from the Irish privacy regulator on user data harnessed from Facebook and Instagram, the U.S. social media company said on Friday. The move by Meta came after complaints and a call by advocacy group NOYB to data protection authorities in Austria, Belgium, France, Germany, Greece, Italy, Ireland, the Netherlands, Norway, Poland and Spain to act against the company.

Pope Francis became the first pontiff to address the Group of Seven nations on Friday, raising the promise and perils of artificial intelligence to the leaders of the world's leading industrialized nations. Francis addressed the G7 and other invited countries at their annual summit in southern Italy. When he arrived, the room, which had been boisterous with delegations, went quiet as he greeted each of the G7 members and the expanded guest list.

Father's Day 2024: The day to honour the person who has always stood like a pillar to support us and the whole family throughout his life is here. Our fathers, grandfathers, and all those who have been father figures for us deserve massive applause for sacrificing their comfort and happiness for their children and families. While celebration of fatherhood is not limited to a single day, Father's Day 2024 serves as an opportunity for people to express their love for their parents. Here are five financial gifts people can give to their fathers.

Leaders of the Group of Seven leading industrialized nations are turning their attention to migration on the second day of their summit

G7 Summit hosted by Italy's Prime Minister Giorgia Meloni, British Prime Minister Rishi Sunak's arrival was marked by a warm, albeit slightly awkward, greeting. The event, taking place in Borgo Egnazia, Apulia, Italy, from June 13 to 15, 2024, saw leaders from the world's major economies gather to discuss critical global issues. As Sunak walked up to Meloni, she welcomed him with a hug and a kiss on the cheek. The moment, captured on video and shared widely online, quickly went viral. While the interaction seemed cordial, internet users were quick to point out an awkwardness, with some suggesting that Meloni appeared to pull back slightly. One social media user humorously noted, «Rishi Sunak being greeted by Giorgia Meloni at G7 looked a lot like he went in for a snog and she pulled back. There was then a real 'eurgh, smelly breath' energy.» Another quipped, «Don't lean in, Rishi!»

Israel called Hamas' response to the latest peace proposal for the Gaza Strip «negative.» Hamas insisted it was dealing with it «positively.» U.S. Secretary of State Antony Blinken, speaking in Qatar, said Hamas had demanded changes, some of which were «workable» and some not. A Hamas official told an Arabic television channel that the group had not raised any new ideas, and that Blinken saw things through an Israeli lens and «speaks Hebrew.» The Biden administration has pledged to keep working with Qatari and Egyptian mediators to bridge the gaps. But after days of intensive diplomacy in the region, a monthslong effort to end the war in Gaza seems as stuck as ever, as each side clings stubbornly to maximalist demands unacceptable to the other.

The U.S. says the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden off Yemen, setting it on fire and severely injuring one civilian mariner

U.S. President Joe Biden says the agreement to tap into the windfall profits on frozen Russian assets held in Europe would put that money to work for Ukraine

President Joe Biden’s chief of staff has argued to an influential group of CEOs that the Democratic incumbent’s emphasis on global alliances would help their businesses

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine