Italy Financial News

Investing.com — European stock markets are expected to open higher Wednesday, as investors attempt to recoup recent losses while digesting more quarterly corporate earnings.

Prime Big Deal Days will occur include Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S., and the UK. “We’ll share more details soon as we get closer to the event. We can’t wait to give our Prime members access to exclusive early savings this season," says Amazon in its blog post.

A look at the day ahead in European and global markets from Brigid Riley

Grana Padano cheese is dead after he was crushed under the weight of his own cheese wheels in northern Italy.Giacomo Chiapparini was in his warehouse near the city of Bergamo on Sunday evening when a domino effect caused thousands of his cheese wheels to fall from the metal shelves where they were being stored and aged — burying him underneath.Grana Padano is a parmesan-style hard cheese that is popular in Italy. Chiapparini’s warehouse contained about 25,000 cheese wheels, each weighing around 40 kilograms, stacked high on 10-metre-tall shelves, AFP reported.Firefighters said it took about 12 hours to finally dig out the 74-year-old from under the pile of cheese.“When we got there, the whole warehouse was full of cheese wheels on top of one another,” said Daniele Retto, a spokesperson at the local fire brigade department, via NBC News.“We had to call the unit that specializes in the search and rescue of people under the rubble, especially after an earthquake.

By Stella Qiu

real estate as a concern, Reuters reported. The banking stocks downgraded by Moody's declined between 1.7% and 2.1%.

banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders. The S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49.

By Niket Nishant and Chibuike Oguh

Astral Alcobev Pvt. Ltd, the importer of bottled-in-origin Slovakian ‘Skull X’ vodka and Italy-made ‘Skinny Witch’ prosecco brands, is looking to produce two new variants of its spirits now in India. The company, which began with an investment of ₹6 crore in FY23, will now launch a domestic made vodka this month and a whisky in the coming months.

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A

MILAN (Reuters) -The Italian government aims to agree a broad plan to 2030 for the country's automotive industry with carmaker Stellantis and other groups involved by the end of this year, industry ministry sources said on Tuesday.

A look at the day ahead in U.S. and global markets by Alun John.

By Harry Robertson and Scott Murdoch

Nifty to increase further to 20,500 by December 2023 after its US economics team recently modified their perspective from one of a 'mild recession' to one of 'no recession' in the US. In its analysis, the brokerage claimed that if this outcome occurs, it will allay the market's main worry and enable sustained valuation growth.

Bonds gained along with the dollar on Tuesday, while stocks fell as fresh concerns around China’s economic recovery and the state of US banks sent investors scurrying for havens.

Nifty ended in the red while the second-rung midcap and smallcap indices eked out gains on Tuesday amid weak global cues as China's weak economic data weighed on sentiment. "China's imports contracted by 12.4 per cent in July, far more than forecasts for a 5 per cent drop.

Italian banking shares took a beating on Tuesday morning after Italy's cabinet approved a 40% windfall tax on lenders' «excess» profits in 2023.

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion ($1.5 billion), people familiar with the matter said.

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A

economic activity. For example, the disruption to French imports during the Napoleonic blockade stimulated French industrialization in mechanized cotton spinning long after the end of the Napoleonic wars. These results are consistent with what proponents of nurturing infant industries argue.