Italy Financial News

Italian engineering group Webuild was facing losses of $4 billion-$5 billion on Snowy 2.0 before the contract was restructured, a move that pushed its price up to about $12 billion, according to Snowy Hydro chief executive Dennis Barnes.

A United States federal court has allowed a nearly three-year-long class-action lawsuit against the creators of HelbizCoin to go ahead,.

Associated Press, Hollywood’s summer movie season will surpass $4 billion in ticket sales for the first time since the pandemic, thanks to “Barbie" and “Oppenheimer", which are still netting records even after seven weeks in theaters. This weekend, Greta Gerwig’s “Barbie" officially became the biggest movie of 2023 with over $1.36 billion globally in ticket sales, surpassing “The Super Mario Bros.

Amazon Prime Video’s ‘My Fault’ or Culpa Mia actor Gabriel Guevara has been arrested at the Venice Film Festival, stated media reports. The arrest follow Guevara becoming the subject of an international warrant due to sexual assault allegations against him. As per reports, the Spanish actor was arrested on Saturday, September 2. He had traveled for the Venice Film Festival to take part in the Il Filming Italy Best Movie Award, which was a separate unofficial event held at the Hotel Excelsior on Sunday. At the Venice Film Festival, Gabriel Guevara’s purpose was to accept the Il Filming Italy Best Movie International Award Young Generation for his role in «My Fault.» After his arrest, the Venice Film Festival released a statement on Sunday clarifying that Guevara was not an official guest of the festival's 80th edition. Taking to Twitter, the Venice Film Festival said that it “would like to specify that the presence in #Venice of Spanish actor #GabrielGuevara, that some press websites have recently reported as being under arrest, was not linked to any activity or production of the 80th Venice International Film Festival.” The organizers of the Il Filming Italy Best Movie Award initiative informed the local news agency Ansa that they had chosen to «temporarily suspend any acknowledgment» as a precautionary measure. They stated that this decision was made while waiting for further information regarding the circumstances involving Guevara, expressing their confidence that the legal process would unfold appropriately.

Antonio Tajani travels to China this weekend, he'll be balancing two competing interests: laying the ground for Italy’s exit from a controversial investment pact with Beijing while also trying to avoid a rupture with the world's second-largest economy. During a three-day trip starting on Saturday, Prime Minister Giorgia Meloni’s deputy will meet with Chinese Foreign Minister Wang Yi and other officials to discuss the possibility of leaving the Belt and Road Initiative, an investment pact designed to deepen economic ties with allies. Just before boarding a plane to China, Tajani said that the 2019 agreement had fallen short of expectations. “Belt and Road was a decision made in the past,” Tajani told Francine Lacqua in a Bloomberg Television interview on Saturday at the Ambrosetti Forum in Cernobbio, Italy.

By Crispian Balmer

Following a thrilling race in the Netherlands, the F1 spectacle moves to Italy's Monza circuit, renowned for its high-speed straights and short laps. While Verstappen's championship win seems imminent, other teams remain motivated to prevent Red Bull from sweeping every Grand Prix this season. Ferrari demonstrated impressive speed during Saturday's session, but the real surprises came from Williams, as Alex Albon reached Q3 once again. Whether this marks the resurgence of the team is uncertain, but both Williams and McLaren emerge as contenders for an unexpected podium finish on Sunday in Italy.

By Giuseppe Fonte and Giancarlo Navach

Christopher Nolan's latest film, Oppenheimer, has taken the global box office by storm, raking in nearly $800 million in revenues. Released on the same day as the blockbuster Barbie on July 21, 2023, which has collected around $1.34 billion worldwide, Oppenheimer's success raises some intriguing questions. How did a movie centered around a relatively unknown scientist manage to become a massive hit? Oppenheimer is a dialogue-heavy film with three parallel timelines, two in color and one in black and white, constantly shifting chronologically.

G20 Summit in India next week, instead of President Xi Jinping who is going to skip the conclave, said people familiar with the development on Saturday. “The Chinese President is not traveling to India for the G20 Summit. Premier Li is likely to represent China at the Summit," said one of the people cited above on the condition of anonymity.

G20 Summit 2023. For the first time in history, India has become the host the the Group of 20 Nations (popularly known as G20).

G20 Summit, Northern Railways has decided to cancel and divert over 200 passenger trains temporarily from September 8 to 11 here, a notification stated on Saturday. According to the schedule, over 90 trains have been cancelled on September 9. More than 100 passenger trains will be cancelled on September 10 as well.

Russia and Mexico skipping the G20 Summit in India a closer look at the past summits revealed that not Heads of State among the members have always attended all Summits. While Russian President Vladimir Putin spoke to PM Narendra Modi and announced that he would skip the Summit, it is widely believed that Presidents of China and Mexico will be the other absentees. As is evident, the level of attendance at global summits varies from year to year. In today's world with so many demands on the leaders' time, it is not always possible for every leader to attend every summit, sources pointed out. From time to time, many leaders skip summits for their own reasons. The most glaring example is the 2021 G20 Summit in Italy where there was no major geopolitical or health reason for leaders to skip it, but the circumstances happened in such a way that six countries attended below Head of State(HOS)/ Head of Government (HOG )level. These things do not reflect anything about the host country, sources said. From 2008, there have been 16 physical summits of the G20, and one virtual summit (Saudi Arabia, 2020). There were two summits each in 2009 and 2010. Out of these 16 physical summits, except the first three summits in 2008 and 2009, there has never been a single occasion from 2010 till now when every country has attended at HOS/HOG level. Six times there was one country below HOS/HOG: 2010, 2011, 2012, 2013, 2016 & 2017. Five times there were two countries below HOS/HOG: 2010, 2014, 2015, 2018 & 2019. One time there were three countries below HOS/HOG: 2022. One time there were six countries below HOS/HOG: 2021 (before Ukraine, after Covid)

Jyoti CNC Automation Ltd has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The CNC machine manufacturer plans to raise ₹1,000 crore through its initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the preliminary papers filed by the company.

Denzel Washington reprises his role as Robert McCall in "The Equalizer 3," a rated-R action thriller, which pulled in $3.8 million during its previews. Projections suggest the film may rake in $28 million to $30 million during its opening weekend, potentially reaching $33 million to $40 million with the extended Labor Day holiday. This expected performance could secure the top spot at the weekend box office, surpassing competitors like «Gran Turismo» from Sony and «Barbie» by Warner Bros., which vied for the lead last week. Compared to its predecessors, "The Equalizer 3" is poised to have the smallest three-day opening, following the original «Equalizer» in 2014, which debuted with $34 million, and its 2018 sequel, which launched with $36 million. However, both earlier films achieved significant success, grossing over $100 million domestically and nearly $200 million globally. Antoine Fuqua, the director behind the first two films and «Training Day,» returns to helm the third and final installment. In this chapter, McCall finds himself on the Italian coast, facing off against the mafia in a town under their control. To secure his escape, he must employ his formidable mercenary skills for one last mission. The cast of «Equalizer 3» includes Dakota Fanning, Bill Pullman, Ashton Sanders, Orson Bean, Melissa Leo, Jonathan Scarfe, and more. In other box office news, Sony's «Gran Turismo» is entering its second weekend and aims to add $7 million to $9 million to its earnings. Meanwhile, Warner Bros.' «Barbie,» with a staggering $1.34 billion in earnings, inches closer to surpassing «The Super Mario Bros. Movie» ($1.35 billion) as the highest-grossing worldwide release of the year.

The British economy was 0.6% larger in the fourth quarter of 2021 than in the final quarter of 2019, compared with an earlier estimate that it was 1.2% smaller, the Office for National Statistics (ONS) said on Friday. This big upward revision brings forward the date at which Britain's economy regained its pre-COVID size by more than a year and a half, and shows at the end of 2021 it had made a faster recovery than Germany, France or Italy, and was level with Japan, although it was behind the United States and Canada. Prime Minister Rishi Sunak's government has been criticised for a sluggish recovery by the opposition Labour Party ahead of a national election expected next year, and the latest revisions were welcomed by finance minister Jeremy Hunt. «The fact that the UK recovered from the pandemic much faster than thought shows that once again those determined to talk down the British economy have been proved wrong,» he said. The changes also have implications for the Bank of England, which has a subdued growth outlook and has found it harder to tame inflation than the U.S.

Raymond Pettibon drawing of two apes shooting the breeze hangs between a pair of alabaster sconces from the ’60s. “We use it as a lecture room," Benhamou says jokingly of the space. The house hadn’t been substantially updated in 50 years.

Travis Barker had to make a sudden exit. The reason being given is a sudden emergency in Barker’s family. Travis Barker and his wife, reality television star Kourtney Kardashian are expecting their first child together. Kourtney had announced her pregnancy at Travis Barker and Blink-182’s concert in Los Angeles on June 18 this year. Travis had to excuse himself from the Blink-182 concerts in the near future due to a family emergency.Blink-182 announced on its official handle on X / Twitter: «Due to an urgent family matter, Travis has had to return home to the States.» The group further informed about the canceled shows. «The Glasgow, Belfast, and Dublin shows are being postponed. More information in regards to his return to Europe and rescheduled dates will be provided as soon as available.»

By Ankika Biswas and Shashwat Chauhan

Denzel Washington as Robert McCall in 'The Equalizer 3,' the final chapter of the popular movie franchise. The series, inspired by the 1980s TV show, follows McCall as he seeks justice in his own way. In the latest installment, he takes on the mafia to protect his friends in southern Italy. Returning as screenwriter and director are Richard Wenk and Antoine Fuqua, known for their work on the previous films and 'The Magnificent Seven.' Looking to watch 'The Equalizer 3' online? Let us see how and where you can find the movie.

CERNOBBIO, Italy (Reuters) — The chairman of Intesa Sanpaolo (OTC:ISNPY) sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy's biggest bank less than 1 billion euros ($1.08 billion).