Italy Financial News

MUMBAI : DOMS Industries, India’s second-largest pencil maker, is set to file draft papers for a ₹1,200 crore initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) in the second week of August, two investment bankers aware of the development said. Italy’s F.I.L.A. Group, which owns a 51% stake in DOMS, plans to offer shares worth ₹800 crore in the issue.

Italy the only major Western country to have taken such a step, according to a Reuters report. The Reuters report citing an interview said that Italy had signed the BRI agreement with China in order to bolster exports. Crosetto is part of an administration that is considering how to break free of the agreement, reports Reuters.

Manchester United have agreed a deal to sign Denmark striker Rasmus Hojlund from Italian Serie A soccer club Atalanta. The deal worths 72 million pounds ($92.52 million) and it is for a five-year contract with the option of an extra season at Old Trafford, according to reports. Hojlund is the third high-profile signing of the transfer window after the recruitment of Mason Mount from Chelsea and goalkeeper Andre Onana from Inter Milan.

Google is celebrating the Fifa Women's World Cup with a special doodle released on Sunday. Google's latest doodle will only be available in select countries including Canada, Iceland, Cuba, Costa Rica, United Kingdom, Ireland, Norway, Latvia, Germany, Italy, Bulgaria, Spain, Armenia, Zambia, Nigeria, Japan, Philippines, Australia and New Zealand. The search giant had announced a special multiplayer game to commemorate the opening day of the FIFA Women's World Cup on July 20.

UFC 291 is set to host the highly anticipated rematch between former interim UFC lightweight champions, Dustin Poirier and Justin Gaethje. Their first encounter took place in 2018, with Poirier securing a fourth-round victory by TKO. Both fighters are ranked second and third in the lightweight division, making this bout a significant step towards a potential title shot, along with a chance to win the UFC's 'BMF' belt. Dustin Poirier, with an impressive record of 29 wins, 7 losses, and 1 no contest, stands at 5' 9" tall and has a reach of 72". On the other side, Justin Gaethje, with a record of 25 wins and 4 losses, stands 5' 11" tall, possessing a reach of 70".

MAGDEBURG, Germany (Reuters) — Thousands took to the streets to protest against the far-right Alternative for Germany (AfD) on Friday and Saturday as the party held a convention to choose its candidates for European parliamentary elections next year.

India opened their account with four medals in the World University Games at Chengdu, China on Saturday. Olympian shooter Elavenil Valarivan, a silver medallist in the 2019 edition in Italy, bettered her performance this year to clinch the first gold medal for India in the 10m Air Rifle Women's event. Her shooting colleague Manu Bhaker claimed the second gold medal of the day in 10m Air Pistol Women's event.

Also read: Domino’s Pizza Strikes Deal With Uber in Search for New Sales Here are seven of the country’s top tavern-style pizza spots to visit Chefs are embracing the trend, and tavern-style pizzas have become a hit even beyond the Midwest. In New York, Patti Ann’s offers various takes on the classic Chicago-style pie. Windy City Pie in Seattle added its spin with an amari-focused bar program.

Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat.

By Giuseppe Fonte

French luxury conglomerate Kering has reached a cash deal to purchase a 30% stake in Italian fashion house Valentino for 1.7 billion euros from a Qatari investment firm

The Bank of Italy announced a partnership with the Ethereum scaling team Polygon and crypto infrastructure provider Fireblocks to initiate a pilot program aimed at establishing a regulated platform for "institutional DeFi." 

aliens, and now, a stunning revelation has emerged. A former US intelligence officer, David Grusch, testified under oath before a House oversight committee in Washington, claiming that the US government possesses UFOs and non-human bodies. This disclosure has sent shockwaves through the world, with the term "UFO" trending on social media, and igniting curiosity and skepticism alike.

Deutsche Bank’s recovery plan may be working. As a story that investors want to watch, however, it isn’t exactly “Barbenheimer." On Wednesday, the German lender said it earned €763 million, equivalent to $844 million, during the second quarter of the year, a 27% decline compared with a year earlier. The results mirror those reported by Wall Street banks: Net interest income for retail and corporate divisions jumped thanks to central banks pushing interest rates up, but a slump in trading revenue and a dearth of deals has hit investment banking.

The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). 

Microsoft (NASDAQ:MSFT) has deepened its relationship with PayPal (NASDAQ:PYPL), the company announced Wednesday, with the integration of PayPal's Pay Later solution in the U.S., UK, Australia, France, Germany, Italy, and Spain.

The IMF said the improvement was a result of 'stronger-than-expected consumption and investment from the confidence effects of falling energy prices'.

MILAN (Reuters) — Stellantis CEO Carlos Tavares said a production target of one million vehicles in Italy it is discussing with Rome was well within reach but it could not be a one-sided commitment and the government must support it.

Elon Musk slammed Greta Gerwig's enchanting Barbie film and said that every time Barbie says the word ‘patriarchy’. In a tweet, the Tesla CEO wrote, "If you take a shot every time Barbie says the word ‘patriarchy’, you will pass out before the movie ends." Musk's tweet came in response to a Barbenheimer meme that compared Twitter to Barbie and his new X name for his social network to Oppenheimer. Barbie has performed remarkably well in its Top 10 markets, with North America leading the pack at $162 million.

non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food ministry said there would be no change in the export policy of par-boiled non-basmati rice and basmati rice, which forms the bulk of exports, according to a report published by the news agency PTI. Addressing a press conference, Pierre-Olivier Gourinchas, Chief Economist of IMF said that these types of restrictions are likely to exacerbate volatility in food prices in the rest of the world.

This led to the concept of the Fire Weather Index. It predicts the areas which are susceptible to wildfires by using the weather data. It adds the rate of fire spread with the fuel being consumed. By going through the Fire Weather Index, one can predict the susceptible areas of fire. The higher you are, the more prone to wildries you are. The Fire Weather Index has six levels of danger- the very low is less than 5.2 on the scale. Low danger between 5.2 and 11.2. Between 11.2 and 21.3 you have moderate danger. The high danger lies in the range of 21.3 and 38. Between 38 and 50 you have very high danger and extreme danger in beyond 50. You can understand the possibility of wildfire by keeping an eye on this index. Italy, Greece, Turkey, and Spain are the most prone to wildfires at present. Many places in Turkey are in the area of extreme danger. Most of the Greek islands are at high to very high risk. Spain, parts of southern Italy, and Sicily have a Fire Weather Index score of 38.Copernicus, a part of the European Space program runs the FWI. It uses the data collected from satellites as well as measured from the Earth.