Italy to maximize EU fiscal flexibility for energy investment while limiting defense spending

Italy will take full advantage of the European Union's fiscal flexibility to finance energy-related initiatives, while opting not to fully use the available budget space for higher defense expenditure, Economy Minister Giancarlo Giorgetti announced on Wednesday. Speaking in Rome, Giorgetti said the government intends to request the maximum......

Tragic End to Search for Italian Minister's Husband After Body Found in Lake Vico

The search for Luigi Cavallari, the husband of Italy’s Minister for Family, Birth Rate and Equal Opportunities, Eugenia Roccella, has come to a tragic conclusion after rescue teams recovered a body from Lake Vico, north of Rome. The discovery was made more than a month after Cavallari disappeared while boating on the lake. According......

Italy records a historic decline in migrant arrivals

Italy has recorded a significant decline in the number of irregular migrants arriving by sea since the beginning of the year, according to figures released by the Italian Interior Ministry. The number of arrivals has dropped by around 55% compared with the same period last year, marking one of the sharpest decreases in recent years. Italian......

Italy’s CDP targets further defence acquisitions after T-Defence investment

Italy’s state-backed investment group Cassa Depositi e Prestiti (CDP) is preparing further expansion in the defence sector after securing a majority stake in technology and security company T-Defence, according to sources familiar with the strategy. The move reflects Rome’s broader effort to strengthen domestic defence capabilities......

Italy proposes offshore migrant return centers as Europe debates tougher migration policies

Italy is preparing to present a new proposal to the European Union aimed at strengthening the bloc’s response to irregular migration, reflecting growing political pressure to improve border management and accelerate migrant return procedures. The initiative is expected to be discussed during an upcoming meeting of the Council of the......

Italy issues red heat alerts for nearly all major cities as new heatwave intensifies

Italy is preparing for another episode of extreme summer weather as health authorities place almost every major city in the country under the highest heat alert level for Monday, warning residents and visitors of potentially dangerous conditions. According to the latest bulletin from the Italian Ministry of Health, nearly all of the country's......

Italy-Spain: Rome Temporarily Suspends Schengen Rules Amid Migrant Pressure

Italy has announced the temporary suspension of the application of Schengen rules with Spain, citing an exceptional migration situation linked to the massive influx of migrants to the Spanish enclave of Ceuta. The decision, made public by Italian Foreign Minister Antonio Tajani, comes as arrivals continue at a steady pace, raising concerns......

Finland backs calls to suspend Spain from Schengen area over migration concerns

Finland has expressed support for Italy’s proposal to consider suspending Spain from the Schengen Area following a recent surge in irregular migration attempts toward the Spanish enclave of Ceuta. The move adds to growing European debate over border management and the future of migration policies within the European Union. Finnish Interior......

Italy Supports Stronger Border Controls as Ceuta Migration Pressure Intensifies

Italy's Foreign Minister Antonio Tajani has expressed support for stronger border controls between Spain and other Schengen countries following a sharp rise in irregular migrant arrivals in the Spanish enclave of Ceuta. His remarks have reignited debate across Europe over migration management, border security, and the future of free movement......

Ferrari boosts second-quarter profitability as premium models and customization drive growth

Ferrari delivered stronger-than-expected financial results for the second quarter of 2026, posting higher profitability despite a slight decline in vehicle deliveries. The Italian luxury sports car manufacturer continued to benefit from growing demand for its most exclusive models and an increasing number of high-value customization orders. The......

Prada grows first-half revenue as Americas demand offsets luxury market challenges

Italian luxury group Prada delivered further revenue growth in the first half of 2026, supported by strong demand in the Americas, while the integration of recently acquired fashion house Versace continued to weigh on profitability. The Milan-based company reported first-half net revenues of €3.05 billion (around $3.50 billion), representing......

Ferrari reaches 2026 sales goal for Luce EV just two months after launch

Ferrari has reportedly achieved its full-year 2026 sales target for the Luce, the company's first fully electric vehicle, only two months after its market debut. According to the Financial Times, demand has been particularly strong in China, enabling Ferrari to reach its planned annual sales volume far earlier than anticipated. The automaker......

Italy pays €450 million annually for NATO membership, defence minister says

Italy pays approximately €450 million each year as its direct financial contribution to NATO, according to Defence Minister Guido Crosetto, who outlined the country's financial commitments to the alliance during a parliamentary committee meeting on Tuesday. Crosetto said NATO's overall annual budget amounts to around €5.5......

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