Tag Archives: italy

The general election in Italy could add some more trouble to Europe’s heap of existing troubles including the war in the east, the hot inflation and the looming energy crisis.Forecasts indicate that power in Italy could be driven to the far-right coalition led by Giorgia Meloni from “the Brothers of …

Italian Prime Minister Mario Draghi asked on Wednesday for the upper house Senate to hold a confidence vote that will effectively decide if his coalition government stays in office. This development comes only one day ahead of Thursday’s European Central Bank meeting while heated inflation risks have already seen money …

“The European Central Bank’s (ECB) decision to hike the interest rate is inevitable”, Italian Prime Minister Mario Draghi said on Thursday.“ECB interest rise is bound to be more gradual than in the US,” Draghi added and said that it was totally counterproductive for politicians to comment on the ECB’s policy.As …

Federal Reserve chairman Jerome Powell doubled down on his agency’s commitment to fighting inflation, but warned Americans of further rough pains ahead. The US central bank declared war against inflation. Monetary policy tightening is still the major trend in the light of statements by the Fed officials and policymakers. Accelerating …

It is evident that ECB president Christine Lagarde has a euro problem though weaker euro is the last thing that Lagarde needs at a time when the ECB is trying to tame hot inflation within the Eurozone. As inflation nears 7.5 percent, the fastest rate since 1999, the exhausted euro …

Italian Environmental Transformation Minister Roberto Cingolani said in an interview published on Tuesday that his country hopes to end its dependence on Russian gas in the second half of 2024. “We must achieve self-sufficiency by the second half of 2024. We can dispense with importing Russian gas,” Cingolani added to …

Italy’s annual inflation rate accelerated to 6.5 percent in March 2022, the highest level since July 1991, from 5.7 percent in the previous month and below the initial estimate of 6.7 percent. On a monthly basis, consumer prices rose 1 percent, accelerating from a 0.9 percent increase the previous month …

European shares fell in limited trading due to the Christmas holiday on Monday as risk appetite was hit after the mutant Omicron led to a spike in COVID-19 cases globally. The pan-European Stoxx 600 index fell 0.2 percent after Asian shares were mixed. Banks and technology stocks were among the …

The European stock markets closed mixed on Christmas Eve with the French CAC easing 0.1% from 5-week highs.The Dutch AEX flat around 2-week highs and the UK’s FTSE 100 finishing 0.2% up around 21-month highs amid thin trading volumes and as investors were monitoring developments around omicron coronavirus variant and …

Italy recorded 27 new deaths linked to the Coronavirus today, down from 21 the previous day, while the total of new cases rose to 7,230 from 6,596, the Ministry of Health said. Italy has recorded 128,163 deaths related to Covid-19 since the pandemic emerged in the country in February last …