Italy Financial News
22.12 / 10:35
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A trip to Italy in 2025 might not be the brightest idea
ALSO READ: Why applying for a Schengen visa is 'humiliating' for Indians The year marks a Jubilee Year, also known as the Holy Year – a momentous occasion for Catholic worshippers who flock to Rome and Vatican City to seek forgiveness for their sins, says a Condé Nast Traveller report. During this time, Rome becomes a “focal point” for Catholic faith and traditions, the report adds. Held once every 25 years, the upcoming Jubilee Year will commence on Christmas Eve 2024 and conclude on January 6, 2026. Pilgrims will have a unique chance to walk through the Holy Doors of four papal basilicas—St. Peter’s Basilica, St. John Lateran, Saint Paul Outside the Walls, and Saint Mary Major—which are opened solely for this sacred occasion.
22.12 / 02:47
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PAM
Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure
Ohio Jeep plant less than three weeks after the abrupt resignation of Chief Executive Carlos Tavares, the Franco-Italian automaker said late on Saturday. The company has decided not to put any employees on indefinite layoff from Jan. 5 due to a previously announced shift reduction and will instead extend a worker adjustment and retraining notification notice, a company spokesperson said in an emailed statement. Employees are expected to return to work as scheduled after the new year, the spokesperson said.
20.12 / 16:27
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Provident
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Italy's privacy watchdog fines OpenAI for ChatGPT's violations in collecting users personal data
Italy’s data protection authority says it has fined OpenAI $15.6 million after wrapping up a probe into the collection of personal data by its generative artificial intelligence chatbot ChatGPT
18.12 / 08:57
markets
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CEO
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Commerzbank
UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.
18.12 / 00:31
15.12 / 05:37
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5 luxury hotels to celebrate the end of 2024
Subscribe to enjoy similar stories. For those looking to celebrate the holiday season with family or by themselves away from home, why not try some luxury properties that are slightly off the beaten track while still offering every luxury? Bonus: You will find unique ways to experience and embrace local culture and cuisine without the background noise of too many tourists. Here are some luxury properties, including former palaces, where you can indulge yourself and your loved ones.
15.12 / 02:51
UPS
Booking
Waters
wellness
country
beautiful
travelers
Travel: Get charmed by Bled’s picturesque calm
Subscribe to enjoy similar stories. Leisure travellers are usually in two kinds of mood when planning a trip to Europe—one is sticking to tried and tested classics and the other is the compulsive desire to go off the beaten path, wind down the road less travelled. Well, we are on the verge of striding into 2025 in a world under the influence of reels and videos on TikTok and Instagram, so the “road less travelled", in a true sense of the phrase, doesn’t really exist anymore.
15.12 / 01:57
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International
Concerts hitting the right note for world travellers
Music concerts are the latest craze, with many travelling overseas to watch their favourite performers. In India, stellar responses to Coldplay, Bryan Adams, Ed Sheeran and Diljit Dosanjh concerts signal that such large shows in India are likely to continue. Rising disposable incomes are spurring several others to fly to Southeast and West Asia, or even Europe, especially to watch artistes who don’t have an India stopover during international tours.
14.12 / 18:05
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President
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International
As Xi Jinping snubs Trump's Inauguration Day invitation; here are world leaders who may line up to attend the ceremony on January 20
Xi Jinping has reportedly declined Donald Trump's invitation to attend the upcoming presidential inauguration in Washington, D.C. No explanation has been provided by Chinese officials regarding Xi Jinping's decision not to attend the inauguration. This decision comes as a significant blow to Trump's plans for a spectacular swearing-in event on January 20th, which he had hoped would turn into a global spectacle. According to State Department records, this would have marked the first time a foreign head of state has ever attended a U.S. presidential inauguration.
14.12 / 12:31
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Companies from UK, Italy and Japan to form joint venture for new fighter jet
The three companies building a next generation fighter jet for the U.K., Italy and Japan have revealed that they are forming a joint venture to deliver the aircraft
14.12 / 10:39
UPS
Provident
Waters
Food
community
blues
travelers
A salsa, a synchronised quesadilla and a weekend
Subscribe to enjoy similar stories. Travel has provided me with some of the most memorable meals I have eaten, none more than the simple lunch I had in 2008 on a sunny, cool day under the bluest sky, near the edge of a cliff overlooking the inland sea misleadingly called Lake Titicaca in Peru. An indigenous community called the Uru served freshly grilled trout—without spices and with boiled rice, grated carrot, and a condiment based on a local chilli called the aji.
13.12 / 19:43
Extreme
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blues
The secret to living to 110? Bad record-keeping, says researcher
blue zones" famous for having a high proportion of people over 100, according to one researcher. The desire to live as long as possible has driven a booming lifestyle industry selling supplements, books, tech and tips to those wanting to learn the secrets of the world's oldest people. But Saul Justin Newman, a researcher at University College London's Centre for Longitudinal Studies, told AFP that most extreme old age data «is junk to a really shocking degree».
13.12 / 14:59
markets
Digital
security
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Pool
Experts
information
Companies from UK, Italy and Japan to form joint venture for new fighter jet
next generation fighter jet for the UK, Italy and Japan revealed Friday that they are forming a joint venture to deliver the aircraft. The triangular-shaped jets will have supersonic capability and cutting-edge technology. Pilots will be able to use virtual reality in the aircraft's digital cockpit, with vital information displayed directly in front of them. The aim is that they will take to the skies by 2035. Under the agreement, Britain's BAE Systems, Italy's Leonardo and Japan Aircraft Industrial Enhancement will each own a third of the new joint venture, which will be subject to regulatory approvals.
13.12 / 05:17
11.12 / 19:37
10.12 / 20:29
Citi
FIVE
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Death toll in Italy fuel depot blast rises to 5
Italian media reported that rescuers have found the body of the last missing person at the site of the explosion that hit a fuel depot a day earlier in the central Tuscany region
10.12 / 09:21
markets
UPS
Aware
Gap
Enterprise
Following the scent: Niche perfume companies see a mass-premium market beyond deodorants
Subscribe to enjoy similar stories. From sandalwood to the smell of the first rain, niche home and personal care companies are looking to fill a gap in the mass-premium segment of the fragrances market as consumers across age groups experiment and spend on high-quality Indian products, typically in the ₹1,000-2,000 range. Isak Fragrances, a Lucknow-based company, is expanding its product range across sizes and price points to offer Indian consumers a local perfumery alternative, its sixth-generation entrepreneur-founder Vidushi Vijayvergiya said.
09.12 / 13:11
Investigations
An explosion at a fuel depot in central Italy kills 2 and injures 9
A fuel depot has exploded in the central Italian region of Tuscan, killing at least two people and injuring nine
09.12 / 03:31
markets
Digital
Strategy
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Experts
2024 will be the hottest year on record, EU scientists say
European Union scientists said on Monday. The data from the EU's Copernicus Climate Change Service (C3S) comes two weeks after U.N. climate talks yielded a $300-billion deal to tackle climate change, a package poorer countries blasted as insufficient to cover the soaring cost of climate-related disasters. C3S said data from January to November had confirmed 2024 is now certain to be the hottest year on record, and the first in which average global temperatures exceed 1.5 degrees Celsius (2.7 degrees Fahrenheit) above the 1850-1900 pre-industrial period.
07.12 / 21:17
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Investigations
Curious case of Godmother Italian nun who has been arrested over suspected link to mafia underworld
Godmother Italian nun is arrested by police for having mafia ties. According to Italian police, 24 people have been arrested in northern Italy in connection with a mafia investigation, including a nun, as quoted in a report by the BBC. The nun, known as Sister Anna Donelli in the Italian press, was taken into custody on suspicion of serving as a liaison between the 'Ndrangheta mafia and its imprisoned gang members. During raids in various towns in the Lombardy and Veneto regions, as well as Calabria in the south, police also detained two politicians and confiscated assets valued at over €1.8 million (£1.5 million).
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