Italy Financial News

Italy plans to ask Apple to issue a software update for iPhone 12 users in the country, according to a government source, after the US company offered to make similar changes in France to end a row with regulators there over breaches of radiation exposure limits.

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As the U.S. and Russia vie for greater influence in Africa, Moscow is seeking access for its warships to a Mediterranean port in Libya that could expand its naval footprint in the North Atlantic Treaty Organization’s backyard. Senior Russian officials, including Deputy Defense Minister Yunus-Bek Yevkurov, met with Libyan warlord Khalifa Haftar in recent weeks to discuss long-term docking rights in areas he controls in the war-torn country’s east, according to Libyan officials and advisers.

Belt and Road Initiative (BRI), the scheme’s official name in English, as a gift to the world that has created huge economic benefits. China claims that 420,000 jobs have been created in BRI countries and 40m people lifted out of poverty thanks to BRI-generated growth. America, and many of its allies, see the BRI as far less benign: a political tool aimed at stifling foreign criticism of Mr Xi’s iron-fisted rule and providing a leg-up for his country’s firms that has saddled countries with crippling debt.

The storied Italian lagoon city of Venice escaped inclusion on UNESCO’s list of world heritage in danger during a meeting of the World Heritage Committee in Saudia Arabia on Thursday, as member states commended efforts to preserve both the storied and ...

Belgium said on Thursday it would review potential health risks linked to Apple's iPhone 12, raising the prospect that more European countries might ban the model after France ordered a halt to sales due to breaches of radiation exposure limits. However, there seemed to be no immediate prospect of an EU-wide ban as the European Commission said it would wait for feedback from other EU countries before deciding on any action.

The Italian city of Venice has been struggling to manage an onslaught of tourists in the budget travel era

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.

G20 summit, India, the US, UAE, Saudi Arabia, France, Germany, Italy and the European Union on Saturday on the sidelines of the G20 Summit in New Delhi signed a Memorandum of Understanding (MoU) to establish the India-Middle East-Europe Economic Corridor (IMEC). The G20 Leaders' two-day summit, held under India's presidency, wrapped up on Sunday.

Young children growing up in towns and cities suffer from more respiratory infections than those who live in rural areas, according to a study.

A flotilla of flimsy boats, crowded with migrants and launched from Tunisia is overwhelming a tiny Italian island south of Sicily

Vladimir Putin has welcomed the India-Middle East-Europe connectivity initiative, emphasising its logistical advantages. Putin said the project would complement the International North-South Transport Corridor (INSTC), which would, in turn, benefit Moscow. “I believe that this will only benefit us. I believe that this will only help us develop logistics,” Putin said in his address to the Eastern Economic Forum in Vladivostok on Tuesday. The Russian president said the India-Middle East-Europe connectivity project would help his country develop logistics and added that the project had been under discussion for several years. Putin, however, chided the US over its participation.

Davis Cup 2023 Finals Group matches are currently underway, spanning from September 12 to September 17, with the next stage scheduled between November 21 and November 26. This six-day event showcases 16 national teams competing in four European cities, all vying for the opportunity to secure one of the eight coveted spots in the Davis Cup Finals this November. The 16 nations participating in the Finals Group Stage this week have been divided into four groups, each consisting of four teams. These competitive matchups will be held in Bologna, Italy; Manchester, England; Split, Croatia; and Valencia, Spain.

Adobe, IBM, Nvidia and five other companies have endorsed U.S. President Joe Biden's voluntary artificial intelligence (AI) commitments, including watermarking AI-generated content. 

Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. 

European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan.

Narendra Modi's promotion of the "Make in India" programme. He highlighted the importance of using domestically made product and commended India's policies under PM Modi's leadership as a positive example. In an address at the 8th Eastern Economic Forum (EEF), Putin said, "You know, we did not have domestically made cars then, but we do now.

Ryanair Holdings chief executive officer Michael O’Leary blasted Italy’s new cap on airfares as “illegal” and impossible to comprehend, threatening to scale back some of the discount carrier’s flights on popular domestic routes if the government holds onto the measure.

red fire ants, one of the most invasive species on the earth and the fifth most expensive to combat, have reached Europe. With the scientific name of Solenopsis invicta, the red ants have their origin in South America. Their sting is ‘painful and irritating' and can cause pustules and allergic reactions. The stings can trigger potentially deadly anaphylactic shock.

Hindalco Industries Ltd said on Tuesday it has signed a technology partnership with Italy-based Metra SpA, to bring the latest aluminium extrusion technology to India for building rail coaches. The company will set up an extrusion press in the country as part of the ₹2,000 crore investment that Kumar Mangalam Birla, chairman of the company, had announced during the company’s 64th annual general meeting (AGM) last month.