Enac and FAA Sign Declaration of Intent for Suborbital Flight Cooperation
Italy's delegation at the 42nd ICAO Assembly in Montreal has secured a significant aerospace agreement, with the Italian Civil Aviation Authority (Enac) and the U.S. Federal Aviation Administration (FAA) signing a Declaration of Intent to develop aerospace transport. The signing ceremony took place on September 24 in the presence of Italian Deputy Minister of Infrastructure and Transport...
Italian Luxury Firm Faces Regulatory Scrutiny Over Russian Operations
Shares in Italian luxury group Brunello Cucinelli were temporarily suspended on the Milan stock exchange following allegations that the company misled shareholders about its operations in Russia in violation of EU sanctions. The trading halt occurred after London-based Morpheus Research released a report detailing Cucinelli's activities in Russia, building on an initial investigation by...
Former Juventus President Agnelli Receives Suspended Sentence in Financial Fraud Case
Former Juventus president Andrea Agnelli has been handed a 20-month suspended prison sentence after reaching a plea bargain agreement in a case involving false accounting at the Italian football club. The ruling, delivered by a court in Rome, concludes a legal process that began with investigations into Juventus's financial practices starting in 2021. Agnelli, along with other former club...
Solar Power Output Surpasses Nuclear Generation by 20% in June 2025
The global energy landscape is undergoing a significant transformation, with renewable energy sources accelerating at a much faster pace than nuclear power, according to the World Nuclear Industry Status Report 2025 presented today in Rome. The comprehensive 589-page report reveals a stark contrast between the rapid growth of renewables and the uncertain trajectory of nuclear energy,...
Italian Government Property Manager Unveils €3.9 Billion Regeneration Strategy
Italy's State Property Agency, Agenzia del Demanio, has reported a 144% increase in investments over the past three years, reaching €3.9 billion in 2024, according to its 2025 Annual Report presented at the Chamber of Deputies. The agency, which manages 44,000 state-owned properties valued at €62.8 billion, also achieved €120 million in savings through reduced passive leases and operational...
Historic Crackdown: Over 300 Charged in Massive Health Care Fraud Bust
In an unprecedented move against health care fraud, the U.S. Department of Justice (DOJ) has announced the arrest of over 300 individuals involved in schemes totaling $14.6 billion in fraudulent claims. This marks the largest enforcement action of its kind in the department's history, targeting a wide network of defendants, including 96 licensed medical professionals, across 50 federal...
Baykar Expands European Footprint with Acquisition of Piaggio Aerospace
In a significant move that underscores the growing importance of unmanned aerial systems (UAS) in global defense and aerospace sectors, Turkish company Baykar has finalized its acquisition of Italy's Piaggio Aerospace. This strategic acquisition, completed in the presence of key Italian government officials and Baykar's leadership, marks a pivotal moment for both companies. The deal not...
Safety Measures Implemented After Generali Sign Collapse in Milan
Early Monday morning, a large advertising sign belonging to the insurance giant Generali partially collapsed on the roof of a 200-meter-high skyscraper in Milan's CityLife district. The incident, which occurred around 6:30 a.m., prompted immediate response from local fire services to secure the area. Fortunately, no injuries were reported, and surrounding buildings remained...
Umbria Region and Acciai Speciali Terni Forge Path Towards Green Steel Production
In a significant move towards sustainable industrial development and environmental remediation, the Ministry of Enterprises and Made in Italy, along with the Umbria Region and Acciai Speciali Terni S.p.A., has signed a groundbreaking agreement. The accord, aimed at the integrated project for the safety and industrial reconversion of the Acciai Speciali Terni site, marks a pivotal step in...
Demands for Accountability After Teenager's Murder in Unsupervised Construction Site
The tragic murder of 14-year-old Martina Carbonaro in Afragola, near Naples, has sparked outrage and demands for accountability, as it occurred in a construction site funded by the National Recovery and Resilience Plan (PNRR), which was supposed to be under strict surveillance. The victim's family, through their lawyer Sergio Pisani, has announced plans to seek compensation, highlighting...
Pharmaceuticals and Transport Drive Italy's Export Performance Amid Regional Variations
In the first quarter of 2025, Italy's export landscape presented a mixed picture, with significant regional disparities. According to data released by ISTAT, the national export value grew by 3.2% year-on-year, a figure that masks the varied performance across the country's regions. The Central and North-Eastern regions emerged as the leaders in export growth, with increases of 7.9% and...
Nationwide Crackdown on Unlicensed Cosmetic Clinics Reveals Widespread Violations
In a sweeping nationwide operation, Italian Carabinieri from the NAS (Nuclei Antisofisticazioni e Sanità) have uncovered a troubling landscape of unlicensed and non-compliant cosmetic clinics across the country. The campaign, conducted in collaboration with the Ministry of Health, targeted 1,160 aesthetic centers and medical aesthetic studios, aiming to ensure the legality and safety of...
Confindustria's Orsini Urges Europe to Accelerate Decision-Making to Avoid Being 'Crushed'
Emanuele Orsini, the president of Confindustria, has issued a stark warning to Europe, urging it to change its pace or risk being 'crushed' in the global economic arena. Speaking at the Trento Economics Festival, Orsini highlighted the need for quicker decision-making processes within the European Union to maintain competitiveness. He pointed out the disparity in investments in big tech and...
Italy's Green Steel Ambition Faces Hurdles as Ex-Ilva Negotiations Stall
The Italian government's ambitious plan to transform the Ex-Ilva steel plant in Taranto into a beacon of green steel production in Europe is encountering significant obstacles. With negotiations stalling, the government has outlined three non-negotiable conditions to proceed, emphasizing the need for environmental safeguards, economic sustainability, and the continuous operation of the...
Bribery Bust: Sorrento's Mayor and Aide Nabbed in Sting Operation
In a dramatic turn of events, Massimo Coppola, the mayor of Sorrento, was arrested in flagrante delicto while allegedly accepting a bribe of 120,000 euros. The arrest, carried out by the Guardia di Finanza, marks a significant moment in the ongoing fight against corruption within Italian public administration. Coppola, a 48-year-old lawyer elected in 2020, was caught in a sting operation...
26-Year-Old Student Faces Charges Over Fake Boarding Pass Scam in Sicily
A 26-year-old student in Sicily has been accused of orchestrating a sophisticated fraud scheme, allegedly claiming over €86,000 in flight reimbursements for tickets that were never purchased. The Sicilian Regional Government flagged the anomaly after the individual submitted 892 reimbursement requests through the SiciliaPei - Bando Caro Voli platform, prompting an investigation by the...
Luigi Galdabini Elected President of Confindustria Varese, Prioritizes MILL Project
Luigi Galdabini has been officially elected as the new President of Confindustria Varese for the 2025-2028 term, marking a significant transition in the leadership of the prominent industrial association. The election took place during the General Assembly held at Volandia, the Flight Museum in Somma Lombardo, a location symbolic of innovation and progress. Galdabini, a Milanese born in...
Italian Economy Faces Slowdown as Tariffs Weigh on Exports and Investments
The Italian economy, after showing signs of recovery with a 0.3% growth in the first quarter of 2025, is now facing potential slowdown due to the uncertainty surrounding tariffs. According to the latest reports from Confindustria's Centro studi, this uncertainty is primarily affecting exports and investments, which are crucial for the industry's recovery. The situation is further...
Pirelli and Luna Rossa Forge Ahead with Renewed Partnership for 38th America's Cup
Pirelli and Luna Rossa have announced a renewed partnership for the 38th edition of the America's Cup, set to take place in 2027 in Naples. This collaboration marks a significant step forward in their long-standing relationship, with Pirelli transitioning from co-title sponsor to Official Sponsor and Technical Partner. The partnership underscores a shared commitment to innovation,...
Legal Action Taken Against Sicilian Supermarket for Severe Labor Violations
In a recent investigation that sheds light on severe labor exploitation, a supermarket in the Catania province of Sicily has come under scrutiny for paying workers as little as €1.6 per hour. The Guardia di Finanza's probe revealed that 37 employees were subjected to working conditions far exceeding the hours stipulated by their contracts, with minimal pay and no days off. This case...
Tragic Incident in Milan: Teenager Confesses to Killing Elderly Neighbor
In a quiet neighborhood of Milan, a shocking crime has left the community in disbelief. A 15-year-old boy, known to the victim, has confessed to the brutal killing of 82-year-old Emma Teresa Meneghetti. The incident, which occurred in the Vigentino area near the Navigli, has raised questions about the circumstances leading to such a tragic outcome between individuals who were previously on...
Italy's Strategic Shift: Edison's First Long-Term LNG Contract with U.S. Signals Reduced Dependence on Russian Gas
Edison has announced the arrival of the first shipment of liquefied natural gas (LNG) from the United States to Italy, marking a significant milestone in the country's energy supply strategy. The shipment, delivered by the methane tanker Elisa Aquila, part of Edison's fleet, carried approximately 165,000 cubic meters of LNG from the Calcasieu Pass facility in Louisiana to the Piombino...
New Italy-Greece Electrical Interconnection Aims to Boost Energy Security and Decarbonization
In a significant move to enhance energy cooperation, Terna, Italy's national electricity transmission grid operator, and Greece's IPTO have signed a Memorandum of Understanding (MoU) to develop a new electrical interconnection between the two countries. This agreement, finalized during the intergovernmental summit between Italy and Greece in Rome, outlines the key terms and conditions for...
Police Dismantle Car Theft Ring in Cerignola, Arrest 25
In a significant crackdown on organized crime, Italian police have arrested 25 individuals in Cerignola, dismantling a sophisticated network involved in car thefts, dismantling, and the illegal sale of vehicle parts. The operation, dubbed 'Stolen II,' was the culmination of months of investigative work by the Trani Prosecutor's Office, with support from various law enforcement agencies. The...
AGRIcoltura100 Report Highlights Growth in Sustainable Farming Practices
The latest findings from the AGRIcoltura100 report, a collaborative effort between Reale Mutua and Confagricoltura, underscore a significant trend among Italian agricultural firms: those investing in comprehensive sustainability practices are not only enhancing their environmental and social impact but are also seeing tangible economic benefits. The report, which surveyed 3,536 agricultural...
Unicredit's Strategic Moves and Record Profits Signal Strong Start to 2023
Unicredit, Italy's banking powerhouse, has kicked off 2023 with a record-breaking quarterly profit of 2.8 billion euros, surpassing analyst expectations and marking the highest earnings in the bank's history. This remarkable achievement comes as the bank navigates the complexities of its ambitious acquisition plans, including the potential takeover of Commerzbank and Banco BPM. Despite...
Masaf and Manifatture Sigaro Toscano Ink 250 Million Euro Deal for Italian Tobacco
In a significant move to support the Italian agricultural sector, the Ministry of Agriculture, Food Sovereignty, and Forestry (Masaf) and Manifatture Sigaro Toscano (MST) have renewed a protocol of understanding aimed at strengthening the Italian Kentucky tobacco supply chain. This decade-long agreement, valued at approximately 250 million euros, marks a pivotal step towards ensuring the...
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