DIRS.INFO The most relevant business & tech news

Yet increasingly, euro area specific factors, particularly exposure to higher oil prices, risk further weakness in an already stagnating economy, and the single currency. The euro is especially vulnerable to rising oil prices, with net imports accounting for over 90% of oil products available in the European Union. "High oil prices are weighing on the euro area's terms of trade, and if oil prices move above $100 per barrel to $110 per barrel we think it will be difficult for the euro to avoid parity," said Nomura's G10 FX strategist Jordan Rochester. But it also lifts price pressures through higher import costs, compounding the impact from higher oil prices. "Definitely the euro zone is not in a good place right now," said Moec, adding that he did not rule out a euro move to parity.

Persons: Dado Ruvic, Jordan, Nomura, Morgan Stanley, Jens Eisenschmidt, Francesco Pesole, Athanasios, Gilles Moec, Dhara Ranasinghe, Alun John, Yoruk, Christina Fincher Organizations: U.S, REUTERS, European Union, OPEC, Barclays, European Central Bank, ECB, ING, Germany, Bank of America, AXA Investment, Thomson Locations: Jordan Rochester, United States, ITALY, Italy, U.S, London, Amsterdam

☆ Thousands gather in Warsaw for opposition rally ahead of tight election
▼ + stars: | 2023-10-01 | by ( Justyna Pawlak | ) www.reuters.com time to read: +3 min

[1/6] Overview of crowds and city skyline during the "March of a Million Hearts" (Marsz Miliona Serc) opposition rally, two weeks ahead of the parliamentary election, in Warsaw, Poland October 1, 2023. The opposition is hoping Sunday's march becomes the biggest in decades and galvanises voters to participate in the election. Some carried banners saying "PiSexit" or "The cat can stay", referring to the pet animal of PiS leader Jaroslaw Kaczynski. And we have been denied this money because someone has decided to destroy democracy in Poland," Warsaw mayor Rafal Trzaskowski told those at the rally. Reporting by Justyna Pawlak, Marek Strzelecki and Kuba Stezycki; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Agencja, Slawomir Kaminski, Donald Tusk, Hanna Chaciewicz, Tusk, Jaroslaw Kaczynski, PiS, Rafal Trzaskowski, Justyna Pawlak, Marek Strzelecki, Hugh Lawson Organizations: REUTERS Acquire, Rights, European Union, Law and Justice, European, TVP, Warsaw, Thomson Locations: Warsaw, Poland, EU, Otwock, Public, Brussels

☆ Former Italian president Napolitano dies aged 98
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Former Italian President and senator Giorgio Napolitano speaks following a talk with Italian President Sergio Mattarella at the Quirinal Palace in Rome, Italy, April 13, 2018. REUTERS/Tony Gentile/File Photo Acquire Licensing RightsROME, Sept 22 (Reuters) - Former Italian president Giorgio Napolitano, a onetime communist who helped to steer his country through a debt crisis in 2011, died on Friday aged 98. Condolences poured in from Italian Prime Minister Giorgia Meloni's office, other politicians, the Vatican and beyond. Napolitano became president in 2006 and was elected for an unprecedented second seven-year term in 2013. Reporting by Angelo Amante; writing by Keith Weir and Angelo Amante Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Giorgio Napolitano, Sergio Mattarella, Tony Gentile, Giorgia, Pope Francis, Napolitano's, Clio Bittoni, Napolitano, Pope Benedict XVI, Francis, Mario Monti, Silvio Berlusconi, Enrico Letta, Angelo Amante, Keith Weir, Gareth Jones Organizations: Italian, REUTERS, Rights, European Commission, Thomson Locations: Rome, Italy, Italian

☆ Many Italian parties are against China's Belt and Road Initiative, foreign minister says
▼ + stars: | 2023-09-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Many Italian parties are against Rome's participation in China's Belt and Road Initiative, Antonio Tajani, the country's foreign minister said Saturday, ahead of a critical decision on whether to quit the project. Under the agreement the two parties can end the deal after five years, otherwise the partnership gets extended for another five-year term. Tajani, however, did not confirm any specific time for when Italy will unveil its final decision on whether to continue in the Belt and Road Initiative. In this moment the countries without the Belt and Road Initiative, the European countries, are working better than us. For this, Italy will decide if [to] stay or not [to] stay in the Belt and Road Initiative.

Persons: Antonio Tajani, Rome, Mario Draghi, Tajani, Steve Sedgwick Organizations: Initiative, European Central Bank, Ambrosetti, Italy Locations: Italy, Beijing, Rome, China

☆ Dollar steady as Fed's Powell says higher rates may be needed
▼ + stars: | 2023-08-25 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/2] U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The U.S. dollar index - which measures the currency against six major counterparts - was about flat at $104.06 after rising to 104.44, its highest since June 1. Interest rate futures tied to the Fed's policy rate on Friday priced in a more than even chance of tightening at either the November or December policy meetings. On Friday, the euro was 0.01% lower against the dollar at $1.08085. Against the yen , the dollar was up 0.31% to 146.28.

Persons: Dado Ruvic, Jerome Powell, Powell, Karl Schamotta, Ben, Bernanke, Mario, Draghi, Schamotta, bitcoin, Saqib Iqbal Ahmed, Dhara Ranasinghe, Ankur Banerjee, Kirsten Donovan, Christina Fincher, Nick Zieminski, Jonathan Oatis Organizations: REUTERS, U.S, Federal, European Central Bank, Global Research, Reuters, of, Thomson Locations: Jackson Hole , Wyoming, U.S, Toronto, Britain, London, Singapore

☆ Poland to vote in privatisation referendum, likely alongside October election
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

"For us, the voice of ordinary Poles is always decisive," PiS leader Jaroslaw Kaczynski said in a video posted on social media platform X, formerly known as Twitter. He said that the first referendum question would be: "Do you support the sale of state-owned enterprises?". "The Germans want to embed Tusk in Poland to sell off common property, his background shows it directly," Kaczynski said. Another state-run broadcaster, Polskie Radio 24, reported that there would be four referendum questions in total. Poland's lower house of parliament will deal with legislation concerning the organisation of the referendums at its sitting on Aug. 16-17.

Persons: Jaroslaw Kaczynski, Kacper, Donald Tusk, Tusk, Kaczynski, Marcin Kierwinski, Alan Charlish, Toby Chopra Organizations: Justice, National Army, REUTERS, Law, Former European, PO, Polskie Radio, Polskie, Thomson Locations: Warsaw, Poland, Germany

The dismissal of Rohan Ramchandani's civil lawsuit by U.S. District Judge Victor Marrero was disclosed in a docket entry on Thursday in Manhattan federal court. Marrero plans to release his written decision after Citigroup and Ramchandani agree which information should be kept confidential. One year later, Ramchandani sued Citigroup, saying it fired him without cause in January 2014 amid a global probe into foreign exchange price fixing, and then shared false and "gravely derogatory" claims against him with law enforcement. Ramchandani accused Citigroup of entering its plea in part to shift blame away from senior managers and officers. The case is Ramchandani v. Citigroup Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Rohan Ramchandani's, District Judge Victor Marrero, Marrero, David Lurie, Danielle Romero, Apsilos, Ramchandani, Chris Ashton, Richard Usher, JPMorgan Chase, Ramchandani's, Jonathan Stempel, Marguerita Choy Organizations: YORK, Citigroup, U.S, District, Ramchandani, Barclays, JPMorgan, U.S . Department of Justice, Citigroup Inc, Court, Southern District of, Thomson Locations: U.S, London, Manhattan, New York, Southern District, Southern District of New York

The decision overturned a lower court's ruling that Abitron Germany GmbH was liable in the United States for trademark infringement that occurred abroad. Hetronic Germany, which was later bought by Abitron Germany GmbH, distributed its products in Europe. A jury found in favor of Hetronic and awarded more than $115 million in damages, $96 million of which was for violating federal trademark law. That $96 million was the subject of the appeal to the Supreme Court. President Joe Biden's administration told the Supreme Court that Abitron should be liable only for its acts abroad that were likely to confuse consumers in the United States.

Persons: Abitron, Hetronic, Joe Biden's, Blake Brittain, Will Dunham Organizations: U.S, Supreme, Methode Electronics, Hetronic, Abitron, Circuit, Appeals, Thomson Locations: Abitron Germany, United States, Denver, Appeals . Oklahoma, Germany, Europe, Oklahoma, Washington

☆ Poland wants to boost its minimum wage by 20% — and it's got economists worried
▼ + stars: | 2023-06-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

The Polish government has proposed an increase to national minimum of around 20% in 2024, a move economists believe will keep inflation higher for longer. Jan Woitas/picture alliance via Getty ImagesPoland's government has proposed a record rise in the national minimum wage of more than 23%, a move economists are worried will exacerbate double-digit inflation. In an interview with state-controlled news agency PAP last month, Polish Family and Social Policy Minister Marlena Malag said the minimum wage increase was designed to help people cope with the increased cost of living. Consumer price inflation in Poland eased in May, but still increased 13% year-on-year. He highlighted that given a "notable increase" in the number of workers that receive minimum wage in Poland in recent years, the impact of the latest increase is likely to be "meaningful."

Persons: Jan Woitas, —, Donald Tusk, Marlena Malag, Adam Glapinski, Rafal Benecki, Benecki, Nicholas Farr Organizations: Justice, Getty Images, Coalition, European, Social, National Bank of Poland, Monetary, ING Poland, Capital Economics Locations: WARSAW, Poland, Warsaw, Central, Eastern Europe, Polish, Europe

☆ Factbox: Credit Suisse arrivals and departures after UBS seals takeover
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

Here are the highlights:OUTLeaving the company:* Credit Suisse General Counsel Markus Diethelm. The Swiss-Italian national returned to Credit Suisse in January 2022 as head of its wealth management division after a stint leading Australian wealth management company AMP. NEWCOMERSA logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File PhotoAppointments to the executive board of Credit Suisse AG:* Michael Ebert - becomes Head of Credit Suisse for the investment bank, and head of Americas for the investment bank at UBS. * Andre Helfenstein - continues as CEO Swiss bank, the jewel in the Credit Suisse business whose future UBS is currently considering.

Persons: Markus Diethelm, Romeo Cerutti, Dixit Joshi, Edwin Low, David Miller, Ken Pang, Pang, Francesco De Ferrari, Iqbal Khan, Joanne Hannaford, Mike Dargan, David Wildermuth, Christian Bluhm, Denis Balibouse, Michael Ebert, Simon Grimwood, Isabelle Hennebelle, Claude Honegger, Mike Rongetti, Jake Scrivens, Yves, Alain Sommerhalder, Damian Vogel, Christine Graeff, Andre Helfenstein, Francesca McDonagh, Nita Patel, Goldman Sachs, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Credit, Deutsche Bank, Asia, Global, UBS Global Wealth Management, Italian, AMP, Wealth Management, . Technology, UBS Group, Operations, Technology, Americas, REUTERS, Credit Suisse AG, Credit Suisse Operations, Credit Suisse Chief Technology, Suisse Asset Management, EMEA, European Central Bank, Human, Swiss, Thomson Locations: ZURICH, China, Americas, Asia, Hong Kong, Swiss, Geneva, Switzerland

☆ Silvio Berlusconi, Italy's former showman leader, dies at 86
▼ + stars: | 2023-06-12 | by ( Valentina Di Donato Barbie Latza Nadeau Laura Smith-Spark Peter Wilkinson Antonia Mortensen Rob Picheta | Valentina Di Donato | Barbie Latza Nadeau | ) edition.cnn.com time to read: +18 min

Umberto Cicconi/Hulton Archive/Getty Images Berlusconi swims at a Tunisian beach in 1984. Umberto Cicconi/Hulton Archive/Getty Images Berlusconi leaves a 1985 news conference in Paris. Franco Origlia/Hulton Archive/Getty Images Berlusconi announced in November 1993 that he would be entering the world of politics. Franco Origlia/Hulton Archive/Getty Images Berlusconi waves while attending a European Council meeting in Corfu, Greece, in June 1994. Vittorio Zunino Celotto/Getty Images Berlusconi hands the Berlusconi Trophy to AC Milan's Massimo Ambrosini in August 2011.

Persons: Rome, Rome CNN — Silvio Berlusconi, Christ, ”, Berlusconi, Milan’s, Benito Mussolini, “ Il Cavaliere ”, Milan, Giorgia Meloni, Matteo Salvini, Silvio Berlusconi, Alessandra Benedetti, Eric Vandeville, Indro Montanelli, Umberto Cicconi, Italy's, Michel Clement, Francis Apesteguy, Veronica Lario, Franco Origlia, Langevin Jacques, Sygma, Cesare Previti, Pope John Paul II, Bill Clinton, Hillary Clinton, Veronica, William Stevens, Barbara, Eleonora, Oscar Scalfaro, Patrick Hertzog, Romano Prodi, Alberto Pizzoli, Giuseppe Cacace, Gregorio Borgia, Associated Press Berlusconi, Vittorio Zunino Celotto, Massimo Ambrosini, Claudio Villa, Dan Kitwood, preliminarily, Filippo Monteforte, Alessia Pierdomenico, Remo Casilli, Reuters Berlusconi, Giuseppe Lami, Angelo Carconi, Emanuele Cremaschi, Tiziana Fabi, Luigi Brugnaro, Renato Brunetta, Piero Cruciatti, Hungary’s Viktor Orban, Britain’s Boris Johnson, Donald Trump, “ Berlusconi, ” Severgnini, ” Meloni, Claudia Greco, Prodi –, –, Berlusconi’s, Ignazio La Russa, “, Gianfranco Fini –, FILIPPO MONTEFORTE, Vladimir Putin, Volodymr Zelensky, Nobel, salesmanship ’, Jesus Christ, Severgnini, il, salesmanship, Francesca Pascale, Del, Pavarotti, ” Berlusconi, Marina, Carla Dall’Oglio, Luigi Organizations: Rome CNN, Milan’s San Raffaele, Forza Italia, Freedom, Italian, Getty, Canale, AC Milan, Berlusconi, Romano, Associated Press, Associated, Bloomberg, Reuters, Venice, Anadolu Agency, RAI, Media, Milano, Milan –, world’s, Forza Italia Party, Forza, soccer team, Northern League Party, European, Union coalition, Sporting, della, PM, “, ”, Del Monaco Locations: Milan, Paris, AFP, Naples, Italy, Rome, Corfu, Greece, Tatanto, Cannes, France, Italy's, Venice, Italy's Senate, Monza, Lombardy, ”, L’Aquila, Milan’s, Italian, Europe, Ukraine

☆ Poland's opposition brings thousands onto streets to protest against nationalist government
▼ + stars: | 2023-06-05 | by ( ) edition.cnn.com time to read: +3 min

Crowds stretching for at least a mile marched with banners reading “Free, European Poland,” “European Union yes, PiS no,” referring to the governing Law and Justice (PiS) party. People march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw on June 4, 2023. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witch hunt against political opponents. “It’s beyond comprehension,” said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday’s protest march

Persons: ”, Jaroslaw Kaczynski, I’ve, Jacek Gwozdz, Mateusz Morawiecki’s, Slawomir Kaminski, Agencja Wyborcza.pl, Donald Tusk, “, Tusk, I’m, Andrzej Duda, Andrzej Majewski Organizations: Justice, Police, Kremlin, European Union council, “, Solidarity, European Commission Locations: Warsaw, European Poland, “, Nowy Sacz, Ukraine, Europe, Poland, it’s, United States, Slupca

☆ Polish opposition supporters, seeking change, mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +3 min

[1/2] People wait for a march organised by main opposition party the Civic Platform (PO) on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. On Sunday, hundreds of buses were arriving in Warsaw to bring opposition supporters from across the country. Some said they were motivated by a row over legislation proposed by PiS to weed out undue Russian influence from the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents. "It's beyond comprehension," said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday's protest march.

Persons: Mateusz Morawiecki, Donald Tusk, Tusk, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton Organizations: REUTERS, Law and Justice, Kremlin, European Union council, Solidarity, U.S . State Department, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Ukraine, Europe, Slupca

☆ Polish opposition supporters mark 1989 Solidarity win
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +4 min

[1/8] People carry Polish and European Union flags as they take part in a march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. Crowds stretching for at least a mile marched with banners reading "Free, European Poland", "European Union yes, PiS no", referring to the governing Law and Justice (PiS) party. Donald Tusk, head of the Civic Platform grouping and a former European Union council chief, welcomed supporters saying that the voice of Poles could not be silenced. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents.

Persons: Jaroslaw Kaczynski, I've, Jacek Gwozdz, Mateusz Morawiecki's, Donald Tusk, Tusk, I'm, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton, Angus MacSwan Organizations: REUTERS, Justice, Police, Law and Justice, Kremlin, European Union council, Solidarity, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Nowy Sacz, Ukraine, Europe, it's, United States, Slupca

GENEVA, May 15 (Reuters) - European countries and the United States are running rival candidates to head the U.N. migration agency in an unusually tense contest between allies that opens in Geneva on Monday. Its 175 member states will vote by secret ballot in closed-door meetings starting on Monday morning. She pledges to "proactively address the challenges of migration and harness its benefits" and says she will focus on its root causes. "We have never happened to have an incumbent director general that faces a competition with one of his deputy generals. He said he had Portugal's backing as well as the "strong encouragement" of the European Union.

☆ Italy signed up to China's Belt and Road Initiative. Now it's having second thoughts
▼ + stars: | 2023-05-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

At the time, analysts said that by joining the project, Italy was undermining Europe's ability to stand up to Beijing. Two years down the line and with a new government in place, Rome is now having another think about its ties with China. China sees Taiwan as a breakaway province, while Taiwan sees itself as separate from China, having ruled itself since splitting from the mainland in 1949 following a protracted civil war. If Italy chooses closer ties to Taiwan that will surely jeopardize its relations with China. "I believe they might not decide anything," Menegazzi said, suggesting the Italian government will continue its Belt and Road participation for now.

☆ World Bank's new boss must push ahead on reforms, fight poverty-French minister
▼ + stars: | 2023-04-13 | by ( David Lawder | ) www.reuters.com time to read: +3 min

"That means the poorest countries and their populations have to remain at the center of the agenda of the World Bank and of all of us." DE-RISKING INVESTMENTSZacharopoulou said that there was a major focus on bringing in private sector funds to scale up climate financing to the vast amounts needed to meet emissions reduction goals. We can use the public money to de-risk but the private sector has to come," she said. Banga was a "good match" for the World Bank job, with strong private sector finance and management experience. Zacharopoulou said Banga would be able to build on the work of World Bank staff who advanced the bank's initial reform steps in just six months.

☆ We asked CPAC attendees what they think 'woke' means. Their answers were all over the place.
▼ + stars: | 2023-03-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The word "woke" has quickly shot to the forefront of Republican politics in recent years. We asked CPAC attendees what they thought the word means. The word "woke" originally emerged from African American vernacular English, signifying a general awareness of systems of injustice. For Francis, who said he homeschools his own children, the word "woke" invokes the idea of a system of education that's stoking divisions between groups. "Political correctness" appeared to be the most popular short-hand among attendees.

☆ At BOJ's helm, MIT-educated Ueda to put theory into practice
▼ + stars: | 2023-02-14 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

At MIT, he studied economics under Stanley Fischer, whose students include former U.S. Federal Reserve chair Ben Bernanke and former European Central Bank President Mario Draghi. He is a good listener and a consensus-builder, rather than a leader with a strong view on the direction of monetary policy, they say. "His style is to discuss monetary policy based on facts and evidence," said Tetsuya Inoue, who was Ueda's staff secretary when he was a central bank board member. In a column published in July, Ueda warned against raising rates prematurely in response to cost-push inflation - a sign he would be in no rush to tighten monetary policy. Upon approval by parliament, Ueda will assume the top BOJ post on April 9 and chair his first policy-setting meeting on April 27-28.

☆ Italy's Meloni says France risks undermining EU unity on Ukraine
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

BRUSSELS, Feb 10 (Reuters) - Italian Prime Minister Giorgia Meloni on Friday accused France of jeopardising EU unity on Ukraine by organising a Franco-German dinner in Paris with the Ukrainian president that excluded other European allies. "What was right was the photo of Zelenskiy with the 27 (EU leaders). "It is not easy for any of us to handle the Ukraine issue with public opinion. "Obviously I would have preferred him to be there," Meloni told reporters after the two-day EU summit. Reporting by Crispian Balmer and Alvise Armellini, Editing by Federico Maccioni and William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: The European Parliament's cash-for-influence scandal
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +4 min

BRUSSELS, Dec 21 (Reuters) - Belgian authorities have charged four people linked to the European Parliament over allegations World Cup host Qatar lavished them with cash and gifts to influence decision-making. RAIDS AND THE PROSECUTION CASEInvestigators searched 19 homes and the offices of the European Parliament in raids on Dec 9-12. Pier Antonio Panzeri - a former European Parliament member from Italy's centre-left and founder of non-profit pro-justice campaign group Fight Impunity. Belgium also submitted European arrest warrants for his wife and daughter in Italy. According to two sources with direct knowledge of the matter, Giorgi has confessed to taking bribes to influence European Parliament decisions and sought to exonerate his partner Kaili.

☆ Goldman taps former BoE official Bradley Fried as next International chair- Sky News
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: 1 min

Dec 17 (Reuters) - Goldman Sachs Inc (GS.N) has tapped Bradley Fried, former Chair of the Court of the Bank of England, as chairman of Goldman Sachs International (GSI), Sky News reported on Saturday. Fried will replace Jose Manuel Barroso, who was the former European Commission president, according to the report. The announcement is expected next week and Fried will assume his role in February next year, the report said. Goldman Sachs declined to comment when contacted by Reuters. Fried stepped down as the Chair of BoE's Court last June after 4 years with the central bank.

☆ Italy’s new boss is missing a trick on tax evasion
▼ + stars: | 2022-10-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

A proper fight against endemic tax evasion would give her much-needed ammunition. Meanwhile, plans to allow Italians to retire earlier would likely cost more than 10 billion euros annually. She could target untaxed domestic revenue, which amounted to 100 billion euros in 2019. A serious effort to tackle tax evasion would materially help her fiscal position. The approach offers upfront windfalls but does not discourage tax evasion in the long term.

☆ Far-right leader Giorgia Meloni sworn in as Italy's first female prime minister
▼ + stars: | 2022-10-22 | by ( ) www.nbcnews.com time to read: +1 min

Giorgia Meloni was sworn in as Italy’s first woman prime minister on Saturday alongside her cabinet team, giving the country its most right-wing government since World War II. Meloni, head of the nationalist Brothers of Italy, swept to victory in an election last month as part of a coalition that included Forza Italia, led by former premier Silvio Berlusconi, and Matteo Salvini’s League. “I swear to be faithful to the republic,” the 45-year-old Meloni said under the crystal chandeliers of a frescoed chamber, before shaking hands with President Sergio Mattarella. Her government, the 12th this century, replaces a national unity administration led by former European Central Bank chief Mario Draghi. After days of often tense, behind-the-scenes talks, Meloni unveiled her team on Friday, giving five ministries each to her junior partners, the League and Forza Italia, while reserving nine cabinet posts for her own party.

☆ Italy's Meloni sworn in at head of right-wing government
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

Italy's newly elected Prime Minister Giorgia Meloni reacts during the swearing-in ceremony at the Quirinale Presidential Palace, in Rome, Italy October 22, 2022. REUTERS/Guglielmo MangiapaneROME, Oct 22 (Reuters) - Giorgia Meloni was sworn in as Italy's first woman prime minister on Saturday alongside her cabinet team, giving the country its most right-wing government since World War Two. Meloni, head of the nationalist Brothers of Italy, swept to victory in an election last month as part of a coalition that included Forza Italia, led by former premier Silvio Berlusconi, and Matteo Salvini's League. "I swear to be faithful to the republic," the 45-year-old Meloni said under the crystal chandeliers of a frescoed chamber, before shaking hands with President Sergio Mattarella. Register now for FREE unlimited access to Reuters.com RegisterReporting by Crispian Balmer and Angelo Amante; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Former European"

25 mentions found