Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......
Italian banking group UniCredit has highlighted potential risks linked to its planned expansion involving Commerzbank, warning that uncertainty surrounding a possible integration could lead to the loss of key staff and clients. UniCredit, which already holds a significant stake in the German lender,......
Eni announced Tuesday a gas and condensate discovery off the coast of Egypt estimated at approximately 2 trillion cubic feet of gas in place. The find is the latest in a series of Mediterranean discoveries by the Italian energy company, which also includes a separate 1 trillion cubic foot discovery off......
Italian fashion house Valentino announced on Tuesday that an Italian court has lifted early the special administration imposed on one of its units over labor practices involving Chinese-owned subcontractors. The court initially placed Valentino Bags Lab under judicial administration in May 2025 after......
Italy’s competition authority has imposed a significant fine on Revolut over alleged unfair commercial practices, highlighting increasing scrutiny of the fast-growing fintech sector. The regulator stated that several entities within the Revolut group were penalized for providing potentially misleading......
The European Central Bank (ECB) has expressed reservations بشأن the professional background of the candidate proposed to lead Monte dei Paschi di Siena (MPS), according to a source familiar with the matter. The concerns focus on whether the nominee has sufficient banking experience to head one of......
Italy’s financial markets regulator has reportedly confirmed the legitimacy of all candidate lists submitted for the upcoming board renewal at Banca Monte dei Paschi di Siena, according to a source familiar with the matter. The decision by Commissione Nazionale per le Società e la Borsa......
Italy’s historic lender Monte dei Paschi di Siena is facing renewed governance tensions as its board prepares to review the leadership position of Chief Executive Officer Luigi Lovaglio. The situation has emerged ahead of a key shareholder meeting scheduled for mid-April, where decisions regarding......
Italy’s competition authority has imposed a €4 million fine on online review platform Trustpilot, citing misleading practices and insufficient safeguards to ensure the authenticity of user reviews. According to regulators, the platform failed to provide adequate transparency about how reviews......
The Italian government is preparing to hold discussions with representatives of Pirelli and its major investors as authorities examine concerns surrounding foreign influence within one of the country’s most prominent industrial groups. According to officials familiar with the matter, the talks......
Andrea Pignataro, the Italian billionaire who built one of Europe’s largest financial software groups, has entered the heated debate over artificial intelligence and its impact on the software industry, arguing that markets are fixated on the wrong danger. In a commentary published on February......
More than 1,200 Ubisoft employees in France and Italy have concluded a three day strike launched to protest job cuts, studio closures and a mandatory return to office policy that unions say is designed to pressure workers into resigning. The walkout began on February 10 and was organized by five French......
Moroccan-Italian business leader Asmaa Gacem has officially taken full control of Italian football club AC Prato, acquiring 100% of its shares from Humanativa Group through her Florence-based holding company Finres SpA. The €800,000 deal transfers not just ownership but also full financial responsibility.......
