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MPS Bank Former Management Fined Five Million Euros

Italian Government Seeks Bank Bailout Funds From Parliament

The Italian Prime Minister has called for a cabinet meeting to discuss the request for funds from the parliament. The funds will be used to rescue the country's most troubled banks.

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Lufthansa CEO Says No For Any Italian Deal; Wants To Focus On Air Berlin Deal

Lufthansa CEO Says No For Any Italian Deal; Wants To Focus On Air Berlin Deal

Lufthansa’s Chief Executive Officer confirmed that the carrier is not interested to enter into an investment deal with Italy in connection with the speculations of a possible investment in Alitalia since the company is currently focusing on talks with Etihad for its deal with Air Berlin.

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Spain Is Beating Italy In Terms Of Investment

Spain is rising when it comes to investment than Italy.

For a year some time now Spain had now beaten Italy in terms of Investments.

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GERMANY-EU-ECB-EUROZONE-RATE-FOREX-CUT-BONDS

Big Commercial Banks Criticized European Central Bank's Simulus Measure

Commercial banks in northern Europe criticized ECB for its four-year cheap loan policy and stimulus program. The policy was aimed to stimulate growth for banks that struggle in southern part of Europe.

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Apple sells its new Iphone 6S in Japan

Apple to build its first iOS Development Center in Europe

Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.

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Hadron Therapy

Italian Health Authorities Instituted Refund for Ineffective Cancer Treatment

Italian Medicine Agency has formulated an advanced strategies in drug spending. The agency has developed an innovative deal with pharmaceutical companies to institute a refund for ineffective medicinal treatment.

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Tourists

Italy's unemployment rate 11.5%, lowest since December 2012

The unemployment rate in Italy dropped to 11.5 percent in October, the lowest since 2012, reported the national statistics agency Tuesday.

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Starbucks

Starbucks to brew in Italy

A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.

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UniCredit

UniCredit to slash 7% workforce in cost-cutting drive

UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.

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Migrant crisis

Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'

Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.

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Amazon boxes

Amazon pays $16 million tax in Germany, while making $11.9 billion sales

Internet retailer Amazon.com Inc.'s (AMZN.O) main German operating unit paid just 11.9 million euros ($16 million) in tax in 2014, despite the group recording $11.9 billion in sales to German customers last year, regulatory filings show.

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Li Ka-shing

Vimpelcom, Hutchison in talks on Italian mobile deal

Russian telecoms group Vimpelcom (VIP.O) is in talks with Asia's Hutchison Whampoa (0013.HK) about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday.

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Venture capital money

Dollar declines, gold up after soft U.S. data

The dollar index hit its lowest in more than three months while gold prices jumped on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.

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Germany

Euro zone economy picks up pace but Germany lags

A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in.

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Wine factory

China wine growers beat France into second place

China overtook France last year as the world's second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand.

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