Tag: Italy

• Wednesday, October 24th 2018 - 08:56 UTC

  EC tells Italy to revise its budget but ruling populists vow to go ahead with electoral promises

  

  The European Commission has told Italy to revise its budget, an unprecedented move with regard to an EU member state. EC is worried about the impact of higher spending on already high levels of debt in Italy, the Euro zone's third-biggest economy.

• Tuesday, October 23rd 2018 - 08:44 UTC

  Populist League advances in north Italy ousting entrenched center left coalition

  

  The right-wing League has won control of the northern Italian province of Trento, ousting the center-left coalitions that have ruled for decades, in the latest breakthrough by the anti-immigrant party.

• Saturday, October 20th 2018 - 08:37 UTC

  Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

  

  Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.

• Wednesday, October 17th 2018 - 08:52 UTC

  Another headache for the EU: Italy and its populist budget

  

  Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.

• Monday, September 24th 2018 - 08:58 UTC

  Panama registry of 'Aquarius 2' migrant rescue ship ended; “taxi service” is over says Italian home secretary

  

  The Aquarius 2 migrant rescue ship, the last of its kind operating in the central Mediterranean trafficking route, was told by the Panama Maritime Authority (PMA) on Sunday that it will have its registration withdrawn. The boat is currently at sea with 58 survivors on board.

• Wednesday, August 15th 2018 - 05:50 UTC

  Genoa killer bridge dates back to the fifties; alarm call for much of Italian creaky infrastructure

  

  It came seemingly without warning, and has left a shocked and devastated nation demanding answers. Now officials are scrambling to find out how Genoa’s Morandi Bridge collapsed overnight killing at least 30 people as it sent dozens of vehicles tumbling into a heap of concrete and twisted steel.

• Thursday, July 26th 2018 - 06:32 UTC

  Politicians and industry leaders pay tribute to Fiat-Chrysler's CEO Marchionne

  

  The former chief executive of carmaker Fiat-Chrysler, Sergio Marchionne, has died in hospital in Zurich aged 66. He was replaced four days ago when his health worsened following complications from surgery on his right shoulder.

• Wednesday, July 25th 2018 - 06:06 UTC

  Italy rejects Brussels plan to pay Euro 6.000 for each migrant saved at sea

  

  “We don't want money, we want dignity”, was the reply of Italian Minister of Interior Matteo Salvini to the European Commission proposal for EU member states be paid 6,000 Euro to accept and deal with each migrant saved at sea in the Mediterranean as they attempt to reach the European Union.

• Wednesday, June 20th 2018 - 08:50 UTC

  Cuba actively promotes foreign investment to prop the economy

  

  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.

• Wednesday, June 13th 2018 - 08:32 UTC

  Italy/Spain insist Europe must share the burden of migrants

  

  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.