United States

Gavin Jones

Italy PM Conte's victory over powerful Benettons may come with price

Jul 16 2020

ROME Prime Minister Giuseppe Conte emerged stronger from this week's deal ousting the Benetton family from its control of Italy's lucrative motorways, but his victory over one of the country's most powerful financial dynasties may carry a price.

Births in Italy hit record low in 2019, population shrinks again

Jul 13 2020

ROME The number of babies born in Italy hit a new record low in 2019, the population shrank and more Italians moved abroad, national statistics office ISTAT said on Monday.

Italy's May industrial output rebounds more than expected after COVID lockdown

Jul 10 2020

ROME Industrial output in Italy rebounded much more strongly than expected in May after collapsing in the previous two months due to a coronavirus lockdown, data showed on Friday, and the economy minister forecast further gains in June and July.

UPDATE 1-Italian cabinet approves "mother of all reforms" to slash red tape

Jul 07 2020

* Decree will be basis of Italy's Recovery Plan to seek EU funds

Italian cabinet approves 'mother of all reforms' to slash red tape

Jul 07 2020

ROME The Italian government approved a package of measures on Tuesday aimed at cutting the complicated red tape that has long been blamed for crimping growth in the euro zone's third-largest economy.

Coronavirus mortality in Italy is highest among poor, study shows

Jul 03 2020

ROME Poor Italians are significantly more likely to die of the coronavirus than higher-income groups, the country's first significant study into the disease's disproportionate social impact showed on Friday.

Italy Q1 GDP sharply revised down to -5.3% quarter-on-quarter as coronavirus takes heavy toll

May 29 2020

ROME Italy's economy shrank 5.3% in the first quarter from the previous three months, national statistics bureau ISTAT said on Friday, the steepest drop in gross domestic product since the current series began in 1995.

Italy May business and consumer morale slammed by coronavirus

May 28 2020

ROME Morale amongst Italian businesses and consumers plunged to multi-year lows in May, data showed on Thursday, as sentiment was shattered by the coronavirus epidemic and government-imposed restrictions to try to curb it.

Ordinary Joe no cure for Italy's debt disease

May 18 2020

LONDON As Italy's already massive public debt soars further due to the coronavirus crisis, its authorities are calling on ordinary citizens to help fund recovery efforts. The plan could aid immediate financing needs but will do little to allay eventual default risks.

EU proposes scrapping usual conditions for ESM use in virus battle

May 07 2020

ROME The European Commission on Thursday proposed scrapping the usual conditions for countries using the euro zone's bailout fund as they try to revive their economies hit by the coronavirus epidemic.

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