Business
Nel blu dipinto di blu...
In the midst of the gravest economic recession since World War II it is comforting to learn that one product is enjoying a boom in Italy..
Read MoreElkann in the driving seat at Fiat
On the day when Fiat Chief Executive Sergio Marchionne is to present the company’s financial plan for 2010 – 2014, the company’s Board has announced that John [“Jaki”] Elkann, the grandson of “The Lawyer”, Giovanni [Gianni] Agnelli, is to take over as Chairman.
Read MoreArrivederci to the little man with the moustache
A coffee era ends as the Bialetti company, which makes the Moka Express – that’s the stovetop espresso maker with the little moustachioed man trademark - moves production from its original plant at Omegna [Piedmont] to Eastern Europe.
Read MoreMade in Italy law tightened
A law passed by the Italian Parliament last Wednesday imposes tougher conditions and aims to raise standards for textiles, shoes and leather goods bearing the “Made in Italy” label.
Read MoreThe $5000 Phone
The fashion house Versace, in partnership with French company ModeLabs Group, is to introduce a mobile phone which will retail at over $5000.
Read MoreAs good as cheese in the bank
Italy's Credito Emiliano bank, the cheese producers bank of choice, has been accepting parmesan as collateral since 1953, and currently has loans of 90 million euros on the basis of the value of wheels of Parmigiano.
Read MoreTiziano Ferro investigated for possible tax evasion
The world famous Italian singer Tiziano Ferro is under investigation by Italian authorities for possible tax fraud. The investigation is focusing on his London residence.
Read MoreMoody's maintains negative outlook for Italian banks
Moody's Investors Service has confirmed its negative outlook for Italy's banking system in view of possible repercussions from the current economic downturn.
Read MoreFiat auto spinoff on hold
Plans to spinoff Fiat Group Automobiles (FGA) have been put on hold indefinitely following the Italian group's failure to acquire German automaker Opel from General Motors, Fiat CEO Sergio Marchionne said on Wednesday.
Read MoreGDP 'could drop by 5%', Draghi
Italy's GDP could drop by 5% by the end of the year, Bank of Italy Governor Mario Draghi said Thursday.
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