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Search resuls for: "Italian Economy"


3 mentions found


☆ Analysis: Energy crisis tests resilience of Italian businesses
  + stars: | 2022-10-21 | by ( Valentina Za Elvira Pollina | Valentina Za | Elvira Pollina | ) www.reuters.com   time to read: +6 min
"When you run a business, if you keep hearing on the news that gas supplies are at risk, you've got to do something. It's not like you can start screaming and stamping your foot when they actually do halt flows for two hours a day," Checchi told Reuters. Higher prices contributed to the 16.2% rise in manufacturing turnover Italy reported in July on a calendar adjusted basis, but volumes also increased by 1.7%. "We invested 10 million euros to build two cogeneration plants and save 4 million euros this year," he said, adding Italcer saved another million by reducing the tiles' thickness to 8.5 from 10 millimetres. Italian business lobby Confindustria has warned of an "economic earthquake", saying the new government will struggle to offset the hit from energy prices on firms like Draghi managed to do without hurting Italy's fragile public finances.
☆ Italy's Berlusconi says he exchanged alcohol and 'sweet letters' with Putin
  + stars: | 2022-10-19 | by ( Claudio Lavanga | Claudio Lavanga Is Rome-Based Producer | Correspondent For Nbc News. | ) www.nbcnews.com   time to read: +4 min
ROME — Silvio Berlusconi, the former Italian leader who recently returned to frontline politics, has reconnected with his old friend Russian President Vladimir Putin with an exchange of gifts and “sweet” letters over his recent birthday. “I reconnected with President Putin — a little bit, well a lot,” the 86-year-old reportedly said during a conversation with lawmakers from his center-right Forza Italia party, according to Italy’s LaPresse news agency which published the comments. Meloni needs the support of Forza Italia to keep its majority in the Senate and the lower house of parliament. ... Berlusconi who reconnects with the invader of Ukraine?”It’s not the first time Berlusconi has seemingly defended Putin with whom he has a long and friendly history. Later he backtracked, saying his words had been “oversimplified.”Berlusconi responded with a joke when asked about his latest comments by reporters, although his Forza Italia party tried to distance itself from the comments.
☆ Italian economy faces threat from climate change - central bank
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
A person holds an umbrella by the Milan's Duomo cathedral at Duomo square, as temperatures soar during a heatwave in Milan, Italy, July 21, 2022. REUTERS/Massimo Pinca/File PhotoROME, Oct 19 (Reuters) - Rising temperatures risk stunting the growth of the Italian economy over the coming decades, with sectors such as agriculture and tourism among the hardest hit, a Bank of Italy research project said on Wednesday. Gross domestic product per person could fall by anything between 2.8 and 9.5% by 2100 compared with baseline estimates, the report added. Resorts at lower levels faced the greatest risk, with artificial snow unable to compensate fully for the absence of the genuine article. Register now for FREE unlimited access to Reuters.com RegisterWriting by Keith Weir, editing by Alvise Armellini and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
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