Italy

Goyal to hold meetings with Italy, France leaders next week to boost trade

Commerce and Industry Minister Piyush Goyal will hold a series of meetings with leaders and top CEOs of France and Italy next week during his three-day visit to these two countries to further boost trade and investment ties. The minister will be on an official visit to France (Paris) and Italy (Rome) on April 11-13. He will be accompanied by a delegation of top Indian CEOs. In France, Goyal along with Olivier Becht, Minister delegate of Foreign Trade, Attractiveness and French Nationals Abroad, Government of France, will co-chair the India-France Business Summit on April 11, the commerce ministry said in a statement on Sunday. The summit will focus on various themes, including building a green future, emerging technologies, defence cooperation and cooperation in the Indo-Pacific regions, it added. Goyal is also scheduled to meet with French business leaders across various sectors and will attend a CEOs roundtable. Both Indian and French ministers will participate in an event that

Italy mulls ways to curtail Chinese influence over tyre maker Pirelli

Italy will soon get a chance to intervene in Pirelli by using its so-called "golden power", which enables the government to stop or modify business deals among private companies

Microsoft-owned OpenAI blocks access to ChatGPT for users in Italy

Microsoft-owned OpenAI has blocked access to its AI chatbot ChatGPT in Italy in response to an order from the local data protection authority to halt processing Italians' data for the ChatGPT service

Italy orders OpenAI to stop processing users' data else face fine

OpenAI will have to notify the Italian regulators within 20 days of the measures implemented to comply with the order, otherwise a fine of up to 20mn euros or 4% of its total worldwide annual turnover

India, Italy share conviction in rule of law, human-centric vision: Meloni

Giorgia Meloni highlighted the growing connectivity between Europe and the Indo-Pacific and its positive implications for trade and strategic partnerships

Giorgia Meloni visit: India, Italy open new chapter of defence ties

Italy and India have also decided to elevate bilateral relations to a strategic partnership

Migrant boat breaks apart southern coast of Italy; many dead, 58 survivors

The Italian coast guard and firefighters have recovered more than 30 bodies after a wooden migrant boat broke apart in rough seas on Sunday near the southern coast of Italy's mainland, authorities reported. State TV quoted the local prefect's office as saying that by late morning 33 bodies had been recovered and 58 people were rescued. The Italian news agency AGI said that among the bodies was that of a baby a few months old. Quoting unidentified port authorities near the coastal town of Crotone, in Calabria, the toe of the Italian peninsula, RAI state radio said the boat was carrying more than 100 migrants when it ran into trouble at dawn in the Ionian Sea. The Italian news agency Lapresse later quoted unidentified officials among rescue forces as saying there could have been as many as 180 people aboard. State TV said some 27 of the survivors made it to shore, apparently on their own. Wooden pieces of wreckage littered the beach at Steccato di Cutro, near the point where the bo

Heavy snow hits Alps; avalanches kills 9 in Italy, Austria over weekend

Nine people died in avalanches in Austria and Italy over the weekend as heavy snow and school holidays drew skiers into the Alps, with some of the victims dying after skiing in unmarked areas despite warnings of elevated avalanche risk, police said. On Sunday a snow plow driver in East Tirol in Austria was recovered dead after being swept away. In Oetztal a 32-year-old Chinese skier died, while in Zillertal a 17-year old male from New Zealand was buried and in Kleinwalsertal a 55-year-old German man missing since Friday was found dead. More than a dozen avalanches were reported in the Tirol region of Austria alone and authorities had set the warning level at four on a scale of five and urged caution. A 31-year-old German woman was killed on Saturday in the South Tirol region of Italy when a snowmass broke loose at 2,200 metres (7,200 feet) near the Limo Pass some 80 kilometres (50 miles) east of Bolzano, the dpa news agency reported. Rescue efforts were complicated by ...

Italy registers 10.1% inflation in Jan: National Institute of Statistics

Prices in Italy rose by 10.1 per cent in January compared to a year earlier, despite a decline in prices for regulated energy products, the National Institute of Statistics (ISTAT) said on Wednesday.

Gina Lollobrigida, film beauty who charmed Hollywood, passes away at 95

Gina Lollobrigida frequently described as one of the world's most beautiful women

Italy backs Appian Way's candidacy for UNESCO World Heritage site

Italy's Ministry of Culture has backed the Appian Way's candidacy to become a UNESCO World Heritage Site, the first time such a bid has had national support in the country.

Trafigura to exit from Nayara Energy; sell stake to Italy's Genera Group

Oil trader Trafigura has agreed to sell its 24.5 per cent indirect stake in Nayara Energy to Italy's Genera Group, the company said Wednesday. The company, however, did not disclose the financial details of the transaction. The Italian group will acquire the stake via a special purpose vehicle, Hara Capital Sarl, incorporated in Luxembourg. Nayara Energy owns India's third largest refinery, a port, and a network of more than 6,500 petrol pumps across the country. The firm is majority owned by Russia's Rosneft.

Italian PM Giorgia Meloni reaffirms commitment to EU recovery plan

The top EU official is holding a series of bilateral discussions with leaders of the 27-member bloc ahead of the February 9-10 meeting of the European Council

Deal reached for sale of Russian-owned refinery plant in Italy's Sicily

Russian oil company Lukoil said Monday that it has reached an agreement for the sale of a refinery plant in Sicily, where thousands of workers have been fearing job losses due to the European embargo on Russian oil. A company statement said that the sale of the ISAB Srl refinery to G.O.I Energy is planned to be completed by the end of March pending various approvals by authorities, particularly the Italian government. The refinery employs 3,500 people and indirectly supports the jobs of 6,500 others. The workers at the refinery protested in late 2022, fearing for their future as a consequence of the embargo imposed because of Russia's war against Ukraine. About 20% of Italy's oil is refined at the plant. Lukoil said that under the agreement the new owner will retain jobs and ensure health and safety conditions. It noted that G.O.I. Energy investors own a majority stake in Bazan Group, which operates Israel's largest integrated refining and petrochemical facility. No financial deta

Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y

The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low

Italian PM Meloni pledges support for Ukraine, its future reconstruction

Following the call, Zelenskyy thanked Meloni via social media for her "solidarity and comprehensive support" and said Italy was considering providing Kyiv with air defense systems

Italy to host Tour de France bicycle race in June 2024 for the first time

Italy will host the start of the Tour de France for the first time in 2024. Race organisers confirmed on Wednesday that the "grand dpart" will take place on June 29 from Florence to Rimini to mark 100 years since Ottavio Bottecchia became the first Italian rider to win the Tour. Italy will host the first three stages of the 2024 race, which will end on July 21 in Nice instead of Paris because of the Olympic Games. It will be the first time since 1905 that the finish is not the French capital. The start was brought forward by one week, a customary change during an Olympic year.

Italy's greenhouse gas emissions rising despite lower energy use: Report

Italy's greenhouse gas emissions are rising despite lower energy consumption, reflecting a move toward high-emissions energy sources

UK, Italy, Japan team up to build sixth-generation fighter by 2035

Reports indicate the UK held talks with India on joining the coalition

Japan to jointly develop fighter jet with UK to expand defence cooperation

Japan announced on Friday that it will jointly develop its next-generation fighter jet with the UK and Italy as Tokyo looks to expand defence cooperation beyond its traditional ally, the United States. The Mitsubishi F-X fighter jet will replace the aging fleet of F-2 that Japan previously developed with the United States. Japan's F-X and Britain's Tempest, a successor to the Eurofighter Typhoon, will be combined into the next-generation combat aircraft for deployment in 2035. The deal will give Japan greater support in countering China's growing assertiveness and allow Britain a bigger presence in the Indo-Pacific region. Friday's fighter jet announcement came four days after Prime Minister Fumio Kishida announced spending targets aimed at building up Japan's military capability, including a huge boost in defence spending over the next five years. To meet the five-year spending total of 43 trillion yen (USD 316 billion), the government will need an extra 4 trillion yen (USD 30 ..