The Cuban government opened on Monday the 3rd Edition of International Convention and Exhibition of Cuban Industry (CubaIndustria 2018), seeking to attract foreign investors to revitalize the country's economy.
Italy has dispatched two ships to help take 629 migrants stuck off its shores to Spain after the new populist government refused them safe port in a bid to force Europe to share the burden of unrelenting arrivals. The rescue ship Aquarius has been stuck since Saturday in international waters off the coast of Italy and Malta, both of which have refused it entry. The ship is carrying 629 migrants including 123 unaccompanied minors, 11 children and six pregnant women.
Spain will welcome a ship with 629 migrants aboard after Italy and Malta refused to let the vessel dock in their ports. The migrants were saved by the French charity SOS Mediterranee on Saturday and were stranded in the Mediterranean Sea when Matteo Salvini, the new Italian interior minister, reportedly refused to allow the vessel to dock at Italian ports.
A group of more than 600 migrants appear to have become the first subjects of the new Italian government's tough immigration stance without having even set foot on Italian soil. A charity rescue vessel carrying 629 people is currently stranded in the Mediterranean after Matteo Salvini, the new Italian interior minister, reportedly refused to allow it to dock at Italian ports.
Costa Crociere to welcome four new cruise ships by 2021. Between 2019 and 2021 four new ships will enter service with the Italian cruise line, based in Genoa, Italy, for an overall increase in passenger capacity of 43%. In February 2019, the company will welcome the new Costa Venezia, currently under construction at the Fincantieri plant in Monfalcone.
A coalition government has been agreed in Italy, ending months of uncertainty in the EU's fourth-biggest economy. Prime Minister-designate Giuseppe Conte presented his list of ministers to President Sergio Mattarella for the second time in a week and the new government will be sworn in this Friday, June first.
The European Union has proposed spending more on Italy and other member countries hit by the economic and migrant crises, but less on increasingly wealthy eastern states like Poland. The European Commission, the bloc's executive arm, proposed the regional shift in the “cohesion” portion of the post-2020 multi-year budget as Italy faces political chaos.
Asian equities and the euro sank Wednesday as turmoil in Italy sparked a frantic dash for safety, while investors have also been spooked by fresh worries about the China-US trade row. Global markets have been sent into a tailspin as a political crisis unfolding in Rome has thrust the stability of the Euro zone and European Union back on to the agenda.
Senior Italian politicians on Tuesday called for EU budget commissioner Gunther Oettinger to resign over an absurd comment in which he voiced the hope that the country's poor economic situation will keep populist parties out of government.
Italy's president set the country on a path back to fresh elections on Monday, appointing a former International Monetary Fund official as interim prime minister with the task of planning for snap polls and to pass the next budget. The decision to appoint Carlo Cottarelli to form a stopgap administration sets the stage for elections that are likely to be fought over Italy's role in the European Union and the euro zone, a prospect that is rattling global financial markets.