Italy Financial News

Mint on 29 December reported that the union government was considering a 50% duty on the export of molasses to augment supplies for meeting India's target for cleaner and more efficient ethanol-blended petrol. The government aims to achieve its E20 (20% ethanol blended petrol) target by 2025-26 from its present 12%. India is the world’s largest molasses exporter and contributes about 25% to global trade.

MILAN (Reuters) — Carmaker Stellantis (NYSE:STLA) will temporarily lay-off about 2,250 workers at its Mirafiori plant in the Italian city of Turin in the coming weeks in response to weak demand, unions said on Monday.

Germany is stuck in a rut, and there is no quick way out. The European powerhouse’s economy, the largest on the continent and the world’s fourth biggest, shrank last year, extending a six-year slump that is raising fears of deindustrialization and sapping support for governments across the region. Output in the country likely shrank by 0.3% in the three months through December from the previous quarter, the German federal statistics agency said Monday.

MILAN — Milan Fashion Week of menswear previews for the next cold weather season closed on Monday with Armani and Zegna, the A-to-Z of Italian men’s fashion.

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MILAN — Milan designers are reflecting on a troubled world with collections that mark a return to serious business attire, even from active wear brands, and away from frivolity.

MILAN (Reuters) — The opinion of Italian businesses on the prospects for the economy improved in the fourth quarter of 2023 compared with the previous three months, the Bank of Italy said on Monday, as inflation expectations eased sharply.

₹25 crore and revenue of a little over ₹1,000 crore in FY23. In 2014, Italian group Lavazza Spa sold Barista to New Delhi-based Carnation Hospitality for ₹100 crore after failing to turn the group around. Coffee Day slid into bankruptcy in 2023.

As Mudrex marks its triumphant sixth year in the ever-evolving realm of cryptocurrency, the platform reflects on a journey rich with innovation and growth. From its inception in 2018 as an automated crypto trading platform, Mudrex is the world's biggest crypto index platform, with over a million users. In an exclusive interview with Edul Patel, CEO, Mudrex, ETMarkets explored the platform's notable milestones, its pivotal role in shaping investor behaviours, and its ambitious vision for the future. As Mudrex is turning six on 12th January, can you share some key milestones and achievements the platform has experienced so far? Edul Patel: In 2018, our journey began with building an automated crypto trading platform, laying the foundation for Mudrex today.

recovered its pre-pandemic output levels. But after revisions to the 2020 and 2021 figures, in September GDP was found to be 0.6% above its pre-covid size rather than 1.2% below it. The Office for National Statistics added almost 2% to its estimate of national income and transformed Britain’s economic performance from that of a global laggard to something more respectable.

The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports

Europe’s governments rushed to borrow money this week, drawing record demand from global investors keen to secure bonds with solid yields while they still can.

premier on Blu-ray. The Blu-ray release date for Godzilla Minus One has not been officially announced yet, but industry expectations suggest it may be available in late 2024. «Godzilla Minus One», directed by Takashi Yamazaki and produced by Toho Studios, made its theatrical debut in the US and Canada on December 1, aligning with its release in several other regions including France, Italy, Spain, Benelux, the Nordics, Poland, Australia, and New Zealand.

₹5,100 crore for 100% stake in Capital Foods. While 75% of the equity shareholding will be acquired upfront, the remaining 25% will be acquired within the next three years, TCPL said in a filing to the exchanges on Friday evening. For a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earnout for the shareholders linked to FY26 audited financials of the company.

₹5,100 crore, will be an all-cash deal. "The Board of Directors approved the acquisition of 100 percent of the issued equity share capital of Capital Foods Private Limited. The Company, thereafter, has entered into Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) with the existing promoters and shareholders of the target company to acquire the entire issued equity share capital in a phased manner," said Tata Consumer in an exchange filing.

Aribam Syam Sharma's masterpiece, "Ishanou", is all set to grace the prestigious Museum of Modern Art (MoMA) 'To Save and Project Festival' in New York this month. Manipur State Film Development Society achieves international acclaim with the restoration of Aribam Syam Sharma's masterpiece, «Ishanou» (1990).

Europe’s governments rushed to borrow money this week, drawing record demand from global investors keen to secure bonds with solid yields while they still can.

This year’s scores on the Henley Passport Index, which tracks how easily people can travel abroad, are out. For the past five years, Singapore and Japan have been contenders for the honour of issuing the most powerful passports, granting their holders access to more of the world’s countries without a prior visa than others.

A top officer of an Italian cargo ship that caught fire last summer in one of America’s busiest seaports broke down in sobs recalling his crew’s initial efforts to put out the blaze

Peter Saacke (pictured) will step down from his managerial role at the end of June 2024, at which point Raheel Altaf will take over as lead manager of the fund.

Henley Passport Index, released on Tuesday, India's passport has ascended to the 80th position worldwide. This elevated ranking now affords Indian citizens the privilege of unhindered exploration across 62 countries, alleviating the burden of intricate visa application procedures. The assessment of this ranking aligns with visa regulations effective as of January 11, as sourced from data provided by the International Air Transport Association (IATA). A cornerstone in displaying, organizing, and ranking global passports, the Henley Passport Index, reveals six countries — France, Germany, Italy, Japan, Singapore, and Spain — jointly holding the prestigious title of the world's most potent visa. Citizens from these nations enjoy the unprecedented freedom to traverse over 194 countries without dealing with pesky visa requirements. On the flip side, Afghanistan sits at the bottom rung of the list, granting its passport holders access to a mere 28 countries without a visa. Syria closely follows with visa-free entry to 29 destinations, trailed by Iraq with 31, and Pakistan with 34. Indian passport bearers can now revel in the liberty of visiting 62 countries, including Oman and Qatar, without the encumbrance of a visa. These destinations extend either visa-free entry or the convenience of visa-on-arrival for Indian travelers, as elucidated by the Henley Passport Index 2024. Here is the full list of destinations Indians can visit without getting a visa before travel: