UPDATE 2-Growth in Italian bank lending to firms slows to 16-month low in July

(Adds graph) MILAN, Sept 9 (Reuters) – Italian bank lending to businesses in July grew at its slowest pace since March 2020, data showed on Thursday, as the boost to credit from state support measures aimed at cushioning the hit from the pandemic on the corporate sector waned. A monthly Bank of Italy report on… Continue reading UPDATE 2-Growth in Italian bank lending to firms slows to 16-month low in July

Chiara Mosca Becomes Officially an Italy’s Consob Commissioner

Consob, the Italian government’s top authority responsible for regulating the domestic securities market, announced on Tuesday that Chiara Mosca had taken her role as Commissioner of the watchdog. According to the press release, Professor Mosca replaces Anna Genovese, whose mandate ended on July 14. She graduated in economics from the Universita Bocconi and earned a… Continue reading Chiara Mosca Becomes Officially an Italy’s Consob Commissioner

Eurozone Private Sector Growth Moderates In August

Eurozone private sector logged another robust growth in August but the momentum faded slightly from July’s 15-year peak, final data from IHS Markit showed on Friday. The final composite output index fell to 59.0 in August from 60.2 in July, which was the highest since June 2006. The reading stood below the flash 59.5. Nonetheless,… Continue reading Eurozone Private Sector Growth Moderates In August

Margherita Maccapani Missoni, Rossana Orlandi Front Spot to Promote Milan Abroad

MILAN — “Not in Milano” is the slogan marking an international communications campaign that aims to draw tourists back to the city, with a little help from ambassadors ranging from Margherita Maccapani Missoni to design guru and gallerist Rossana Orlandi. “Although the word ‘not’ evokes something negative, in this case, we overturn it to something positive,”… Continue reading Margherita Maccapani Missoni, Rossana Orlandi Front Spot to Promote Milan Abroad

Italy reports 28 coronavirus deaths on Monday, 389 new cases

ROME (Reuters) -Italy reported 28 coronavirus-related deaths on Monday, up from 14 the day before, the health ministry said, while the daily tally of new infections declined to 389 from 782. Italy has registered 127,500 deaths linked to COVID-19 since its outbreak emerged in February last year, the second-highest toll in Europe after Britain and… Continue reading Italy reports 28 coronavirus deaths on Monday, 389 new cases

Italian cable car crash kills at least 13, injures three

ROME (Reuters) -At least 13 people died and three were seriously injured on Sunday when a cable car linking Italy’s Lake Maggiore with a nearby mountain in the Alps plunged 20 metres to the ground, local officials and rescuers said.Police and rescue service members are seen near the crashed cable car after it collapsed in… Continue reading Italian cable car crash kills at least 13, injures three

Italy in talks with EU to ease mergers between more than two banks – paper

Slideshow ( 3 images )MILAN (Reuters) – Italy is discussing with the European Union new rules that would ease deals between more than two banks paving the way to merging Banca Monte dei Paschi di Siena and possibly Banco BPM in UniCredit, daily La Stampa said on Friday. Citing “several sources” the Italian newspaper said… Continue reading Italy in talks with EU to ease mergers between more than two banks – paper

Italy reports 144 coronavirus deaths on Sunday, 9,148 new cases

People enjoy a Sunday at the beach as coronavirus disease (COVID-19) restrictions ease around the country, in Castiglione della Pescaia, Italy, May 2, 2021. REUTERS/Jennifer LorenziniMILAN (Reuters) – Italy reported 144 coronavirus-related deaths on Sunday against 226 the day before, the health ministry said, while the daily tally of new infections fell to 9,148 from… Continue reading Italy reports 144 coronavirus deaths on Sunday, 9,148 new cases

Italy suspends distribution of J&J shots after use paused in U.S

FILE PHOTO: A worker transports boxes carrying Johnson & Johnson vaccines after a delivery arrived at the Pratica di Mare military airport, in this still image taken from video, near Rome, Italy, April 13, 2021. Ministero della Difesa/Handout via REUTERS ROME (Reuters) – Italy said on Wednesday it had suspended the use of some 184,000… Continue reading Italy suspends distribution of J&J shots after use paused in U.S

Italy reports 331 coronavirus deaths on Sunday, 15,746 new cases

FILE PHOTO: People wearing protective face masks walk as Rome becomes a ‘red zone’, going into lockdown, as the country struggles to reduce the coronavirus disease (COVID-19) infections, in Rome, Italy, March 15, 2021. REUTERS/Yara NardiMILAN (Reuters) – Italy reported 331 coronavirus-related deaths on Sunday against 344 the day before, the health ministry said, while… Continue reading Italy reports 331 coronavirus deaths on Sunday, 15,746 new cases

Eurozone Private Sector Recovers In March

Eurozone private sector returned to growth in March underpinned by a record increase in manufacturing output, final survey data from IHS Markit showed on Wednesday. The final composite output index rose to 53.2 in March from 48.8 in February. The score was also above the flash estimate of 52.5. The second-fastest increase in private sector… Continue reading Eurozone Private Sector Recovers In March

Suspected Italian spy gave Russia highly confidential material -source

ROME (Reuters) – Italian police have found a stash of classified and highly classified military documents they believe an Italian navy captain gave to a Russian official in return for cash, a judicial source said on Friday.General view of the Russian Embassy after a Russian army official, who is accredited with the embassy, and an… Continue reading Suspected Italian spy gave Russia highly confidential material -source

Pandemic leaves digital laggard Italy scrambling to catch up

MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic.General view of the outside of the headquarters of Italian filter supplier Ecofiltri, in Vasto, Abruzzo region, Italy March 16, 2021. Simone Scafetta/Handout via REUTERSBut instead of… Continue reading Pandemic leaves digital laggard Italy scrambling to catch up

Pandemic leaves digital laggard Italy scrambling to catch up

MILAN (Reuters) – Small Italian car filter supplier Ecofiltri took out a state-backed loan last year, just like thousands of other businesses fighting to keep afloat during the pandemic.General view of the outside of the headquarters of Italian filter supplier Ecofiltri, in Vasto, Abruzzo region, Italy March 16, 2021. Simone Scafetta/Handout via REUTERSBut instead of… Continue reading Pandemic leaves digital laggard Italy scrambling to catch up

Italy's Draghi says will take AstraZeneca shot, approves new spending plan

ROME (Reuters) – Italian Prime Minister Mario Draghi said on Friday he would personally take the AstraZeneca COVID-19 vaccine but defended this week’s temporary suspension over concerns about possible side effects.FILE PHOTO: Italian Prime Minister Mario Draghi speaks during a visit to a mass vaccination centre at Fiumicino Airport near Rome, Italy, March 12, 2021.… Continue reading Italy's Draghi says will take AstraZeneca shot, approves new spending plan

Italian prosecutor seeks life sentences for U.S. students accused of killing

ROME (Reuters) – An Italian prosecutor on Saturday demanded life sentences for two young Americans being tried on murder charges after a policeman was killed following a botched drugs sale in Rome.Slideshow ( 5 images )Finnegan Lee Elder, who was 19 at the time, has admitted to stabbing Mario Cerciello Rega in the early hours… Continue reading Italian prosecutor seeks life sentences for U.S. students accused of killing

Italian doctors remember night that ushered in Europe's first COVID-19 lockdown

CODOGNO, Italy (Reuters) – A year ago, Laura Ricevuti and Annalisa Malara, both doctors at Codogno hospital in Italy, had a hunch that something was different about a patient in the intensive care ward. Their decision to take matters into their own hands wound up triggering a national emergency – they had identified the first… Continue reading Italian doctors remember night that ushered in Europe's first COVID-19 lockdown

Italy's new PM Draghi promises sweeping reforms, urges national unity

ROME (Reuters) – Prime Minister Mario Draghi called on Italians on Wednesday to pull together to help rebuild the country following the coronavirus pandemic and promised his new government would introduce sweeping reforms to revitalise the battered economy.Italy’s Prime Minister Mario Draghi attends a debate at the Senate ahead of a confidence vote for the… Continue reading Italy's new PM Draghi promises sweeping reforms, urges national unity

Analysis: Draghi takes the reins as Italian PM, now comes the hard part

ROME (Reuters) – Italians’ hopes in Mario Draghi could hardly be higher. But the former European Central Bank chief, who was sworn in as the country’s new prime minister on Saturday, will have a tough time fulfilling them.FILE PHOTO: Incoming Italian Prime Minister Mario Draghi leaves after a meeting with Italian President Sergio Mattarella at… Continue reading Analysis: Draghi takes the reins as Italian PM, now comes the hard part

Italy's parties enthuse over Draghi after talks to form government

ROME (Reuters) – Italy’s political parties on the left and right enthused at the prospect of backing a Mario Draghi government after meeting the prime minister-designate on Tuesday as he wrapped up his second round of consultations.Slideshow ( 5 images )Draghi, 73, a former head of the European Central Bank, is expected to report back… Continue reading Italy's parties enthuse over Draghi after talks to form government

Eurozone Private Sector Logs Further Contraction

The euro area private sector contracted further in January amid the Covid-19 pandemic as the decline in services was only partially offset by the growth in manufacturing sector, final survey results from IHS Markit showed on Wednesday. The final composite output index dropped to 47.8 in January from 49.1 in the previous month but was… Continue reading Eurozone Private Sector Logs Further Contraction

Italian DNA-based COVID-19 vaccine candidate could start clinical trials in March – developer

MILAN (Reuters) – Italy’s second COVID-19 vaccine candidate, COVID-eVax, is likely to start trials in early March after it was approved by the national drug regulator last week, one of the biotech firms leading the project said on Monday.FILE PHOTO: A woman holds a small bottle labelled with a “Coronavirus COVID-19 Vaccine” sticker and a… Continue reading Italian DNA-based COVID-19 vaccine candidate could start clinical trials in March – developer

Italian DNA-based COVID-19 vaccine candidate could start clinical trials in March – developer

MILAN (Reuters) – Italy’s second COVID-19 vaccine candidate, COVID-eVax, is likely to start trials in early March after it was approved by the national drug regulator last week, one of the biotech firms leading the project said on Monday.FILE PHOTO: A woman holds a small bottle labelled with a “Coronavirus COVID-19 Vaccine” sticker and a… Continue reading Italian DNA-based COVID-19 vaccine candidate could start clinical trials in March – developer

Italy's 5-Star, League open up to Draghi government, await policy plans

ROME (Reuters) – Mario Draghi’s prospects of forming a government in Italy were boosted on Saturday when the two largest parties in parliament, the anti-establishment 5-Star Movement and the rightist League, both gave him their conditional backing.League party leader Matteo Salvini gestures as he leaves Montecitorio, in Rome, Italy, February 6, 2021. REUTERS/Remo CasilliHowever, Draghi’s… Continue reading Italy's 5-Star, League open up to Draghi government, await policy plans