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Euro falls to 2026 low as Middle East oil crisis pressures Europe

The euro weakened for a fourth consecutive session on Thursday, sliding to its lowest level of 2026 as the U.S. and Israeli military campaign against Iran continued to disrupt global energy markets and weigh on Europe’s energy dependent economy. The European Central Bank’s reference rate for EUR/USD stood at 1.1547 on March 12,......

Chilean architect Smiljan Radić Clarke wins the 2026 Pritzker Prize

Chilean architect Smiljan Radić Clarke has been named the winner of the 2026 Pritzker Architecture Prize, the highest international honor in architecture, organizers announced Thursday. Radić, 60, becomes the second Chilean and the fifth Latin American architect to receive the award in its 47 year history. The jury praised Radić for an......

European Union warns Venice Biennale over Russian pavilion participation

The European Commission warned on March 10 that it may suspend or terminate funding for the Venice Biennale after organizers allowed Russia to reopen its national pavilion for the 2026 exhibition, marking Moscow’s first participation since its full scale invasion of Ukraine four years ago. European Commission Executive Vice President......

Italy expresses solidarity with Türkiye after missile fired from Iran

Italy has expressed solidarity with Türkiye after a ballistic missile fired from Iran briefly entered Turkish airspace before being intercepted by defense systems. Italian Foreign Minister Antonio Tajani said in Rome that Italy stands alongside Türkiye and shares the concerns of the Turkish people following the incident.......

Greece moves toward deal to purchase Italian-made frigates

Greece is moving forward with plans to strengthen its naval capabilities through the potential acquisition of advanced frigates built in Italy. Greek officials hope negotiations could be finalized by April, according to statements from Defence Minister Nikos Dendias. The proposed agreement involves the purchase of Bergamini-class frigates,......

Italy considers fuel-tax cuts amid rising energy costs from Middle East conflict

Italy is exploring measures to cut fuel excise duties in response to surging energy prices, Prime Minister Giorgia Meloni said, as companies warn that the ongoing conflict in the Middle East could sharply increase costs. Excise duties in Italy, levied per litre, form a significant portion of the price at the pump, separate from value-added......

Italy urges defence industry to accelerate production amid rising global tensions

Italy’s defence minister has called on the country’s defence industry to accelerate military production in response to a rapidly changing global security environment. The appeal reflects growing concerns within Europe about geopolitical instability and the need to strengthen national defence capabilities. Speaking after an emergency......

Global sports events reshape brand marketing and sustainability strategies

Major international sporting events are increasingly becoming strategic platforms for brands seeking to express their values, connect with audiences and promote environmental commitments. With the 2026 Winter Olympics recently held in Italy and the FIFA World Cup scheduled to begin on June 11 in North America, companies are intensifying their......

Researcher claims Roman basilica bust may be lost Michelangelo

A marble bust of Christ displayed for centuries in one of Rome’s oldest basilicas may have been sculpted by Michelangelo, according to a claim presented Wednesday that has sparked debate among Renaissance scholars. Independent researcher Valentina Salerno announced her findings during a press conference at the Basilica of Sant’Agnese......

Italy plans air defense aid for Gulf states after Iranian strikes

Italian Prime Minister Giorgia Meloni said Rome intends to provide air defense assistance to Gulf states affected by Iranian retaliatory strikes, joining the United Kingdom, France and Germany in pledging military support to the region. Speaking to Italian radio station RTL 102.5 on March 5, Meloni said the planned assistance would focus......

Germany rules out troop deployment to Eastern Mediterranean amid regional tensions

Germany has confirmed that it will not send military forces to the Eastern Mediterranean despite recent drone strikes targeting British bases in southern Cyprus. Government spokesman Stefan Kornelius stated Wednesday that the situation is being closely monitored in light of ongoing US and Israeli operations against Iran and Tehran’s......

Gedi Group agrees to sell Italian daily La Stampa to SAE

Italy’s media landscape is set for a significant shift as the Gedi Gruppo Editoriale has signed a preliminary agreement to sell the national daily La Stampa to the media group SAE. The transaction is expected to be finalized in the first half of 2026, pending regulatory approvals and completion of contractual procedures. The deal forms......

Italy summons Iranian ambassador after drone strike on Cyprus

Italy has summoned the ambassador of Iran following a drone attack targeting a British military base in Cyprus, in a move that underscores mounting diplomatic tensions across the region. According to Italy’s Foreign Ministry, the decision to call in the Iranian envoy was intended to formally protest the strike, which reportedly involved......

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