Ferrari shares fall after lukewarm reaction to new electric Luce model

Shares of Ferrari dropped sharply after the unveiling of its first fully electric vehicle, the “Luce,” which received a mixed reaction from investors and automotive critics. The launch marks a major turning point for the iconic luxury brand as it enters the fully electric vehicle market. The new model, developed with the involvement......

Ferrari stock falls after unveiling Luce electric vehicle in Rome

Ferrari shares dropped sharply on European markets following the unveiling of the company’s first fully electric vehicle, the Luce, at an event in Rome. The decline came as investors reassessed demand prospects for ultra luxury electric vehicles and questioned whether Ferrari could maintain its premium positioning in a rapidly evolving......

Italy opens investigation into EasyJet over baggage fee practices

Italy’s competition authority has launched an investigation into easyJet over concerns related to baggage fee policies and possible unfair commercial practices. The inquiry focuses on how optional travel services are presented to customers through the airline’s website and mobile application. According to the Italian antitrust......

Ferrari unveils Luce as its first fully electric supercar

Ferrari has introduced its first fully electric vehicle, the Luce, at a dedicated event in Rome, marking a major milestone in the Italian manufacturer’s 78-year history. The launch signals a strategic shift for a brand long defined by high-revving combustion engines and motorsport heritage. The Luce, meaning “light” in Italian,......

EU coalition urges tougher trade measures against China

France, Italy, Spain, the Netherlands and Lithuania have jointly called for stronger European Union action against China’s trade practices, intensifying pressure on Brussels to adopt tougher tools to protect European industry. The coordinated stance adds momentum to a broader policy shift under discussion inside EU institutions aimed......

Finland’s Stubb signals readiness to lead EU talks with Russia

Finnish President Alexander Stubb said he would be willing to represent Europe in potential peace negotiations with Russia over the war in Ukraine, positioning himself as a possible diplomatic intermediary as European leaders debate how to engage with Moscow. According to reports in Finland, European Union officials are seriously considering......

Italy’s state investor CDP moves to increase stake in payments giant Nexi

CDP Equity has announced plans to increase its participation in Nexi, reinforcing the Italian government’s interest in strengthening strategic sectors linked to financial technology and digital infrastructure. The state-backed investor currently holds more than 19% of Nexi’s shares and intends to raise its stake to nearly 30%,......

Five NATO allies block military aid spending target for Ukraine

Five NATO members have blocked a proposal from Secretary General Mark Rutte that would have required every alliance member to dedicate 0.25% of national GDP to military aid for Ukraine, exposing divisions within the bloc ahead of the NATO summit scheduled for July in Ankara. The United Kingdom, France, Spain, Italy and Canada opposed the......

Nato allies unsettled by Trump troop policy reversal

Marco Rubio arrived in Helsingborg, Sweden, on Friday for a meeting of Nato foreign ministers carrying a message from the United States president on allied shortcomings during the Iran conflict while facing growing concern over shifting US military commitments in Europe. The gathering took place against the backdrop of confusion over Washington’s......

Italy dismantles major streaming piracy network worth €300 million

Italian authorities have dismantled a large-scale streaming piracy network accused of causing approximately €300 million in losses to major entertainment and media companies. According to Italy’s financial police, the operation targeted a sophisticated illegal system that allowed users to access subscription-based streaming platforms......

Citroën revives iconic 2CV as affordable electric city car

Citroën has confirmed the return of the legendary 2CV in a fully electric version priced below €15,000, marking one of the flagship announcements within Stellantis’ broader FaSTLAne 2030 investment strategy unveiled during an investor event in Auburn Hills. Citroën chief executive Xavier Chardon said the project aims......

Anthropic expands into Europe with new Milan office

U.S.-based artificial intelligence company Anthropic has announced plans to open a new office in Milan as part of its continued expansion across Europe, driven by increasing global demand for generative AI technologies. The move follows the company’s recent establishment of offices in major European cities, including Paris and Munich,......

Italy told it could learn from Spain’s stronger economic growth model

Italy could improve its long-term economic performance by adopting policy lessons from Spain, according to a new report from the national statistics institute ISTAT. The analysis highlights that Italy’s economy is expected to grow by less than 1% this year, marking a fourth consecutive year of weak expansion. Between 2023 and 2025,......

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