Italy’s ISTAT cuts 2026 GDP growth forecast to 0.7% amid slower economic momentum

Italy’s national statistics institute ISTAT has revised downward its economic growth forecast for 2026, reflecting a more cautious outlook for the country’s economy. According to its latest semi-annual report, Italy’s gross domestic product (GDP) is expected to grow by 0.7% in 2026, slightly below the previous estimate of......

Italian eyewear brand iVision Tech’s Macron-inspired sunglasses surpass 1,000 online sales

Italian eyewear company iVision Tech has reported strong online sales after one of its sunglasses models gained unexpected global attention following a public appearance by French President Emmanuel Macron. The model, produced under the company’s Henry Jullien brand, surpassed 1,000 online sales after being widely associated with sunglasses......

Del Vecchio Heirs reach provisional agreement to end inheritance dispute

Two heirs of the late billionaire Leonardo Del Vecchio have reached a provisional agreement aimed at resolving a long-running inheritance dispute, according to sources familiar with the matter. The agreement involves members of the Del Vecchio family and relates to the control structure of Delfin, the family holding company that manages major......

Pirelli shares slide after short seller raises concerns over Russian business exposure

Shares of Italian tyre manufacturer Pirelli came under pressure on Thursday after U.S.-based investment research firm Grizzly Research announced that it had taken a short position in the company and questioned the extent of its exposure to the Russian market. The development triggered a sharp reaction among investors, with Pirelli's stock......

Morocco appoints 21 new consuls general across global network

Morocco has appointed 21 new consuls general as part of a 2026 diplomatic mobility operation aimed at renewing its consular network and expanding administrative coverage for Moroccan communities abroad. The appointments followed an open call for applications and account for 35 percent of the kingdom’s consular posts. The new postings......

GNV expands Morocco routes with two new ferries

Grandi Navi Veloci has reinforced its maritime network linking Europe and Morocco by deploying two of its newest LNG-powered vessels on key Mediterranean routes. The move comes ahead of the summer travel peak linked to the annual operation facilitating mobility for millions of Moroccan residents in Europe between June and mid-September. The......

STMicroelectronics raises data centre revenue forecast amid growing AI demand

STMicroelectronics has raised its revenue target for its data centre business, reflecting the continued expansion of artificial intelligence infrastructure and growing demand for advanced semiconductor solutions. The Franco-Italian semiconductor manufacturer announced that it now expects its data centre-related revenue to reach approximately......

Magnitude 6.2 earthquake recorded off southern Italy's coast

A magnitude 6.2 earthquake was recorded off the coast of southern Italy late Monday, according to data released by the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 247 kilometers beneath the Earth's surface, with its epicenter located about 38 kilometers from the city of Cosenza in the Calabria......

Italy’s manufacturing sector faces rising cost pressures amid energy market volatility

Italy’s manufacturing sector continues to face increasing cost pressures, with production expenses rising for the fifth consecutive month in May, according to recent business survey data. The trend reflects ongoing challenges linked to global energy market volatility and broader geopolitical tensions. Manufacturers are experiencing......

Austrian protesters shut down key Alpine motorway linking Germany and Italy

Thousands of residents in western Austria blocked a major European transport route on Saturday, the Brenner Motorway, in protest against increasing traffic congestion caused by heavy truck and tourist flows. The motorway, which crosses the Alps and links Germany with Italy, is considered one of the most important north-south corridors in......

Ferrari pushes ahead with Luce EV despite fierce public backlash

Ferrari’s first fully electric vehicle has triggered sharp criticism from investors and longtime enthusiasts just days after its unveiling in Rome, yet company executives insist demand remains strong and customers are already placing deposits. The new model, called Luce, marks a major shift for the Italian luxury automaker as it enters......

Anthropic expands European presence with new office in Milan

American artificial intelligence company Anthropic has announced a major expansion of its activities in Europe following the opening of a new office in Milan, Italy. The move marks the company’s sixth office on the European continent and reflects the growing demand for advanced AI technologies outside the United States. Anthropic is......

Italy consumer confidence recovers in May but business morale slides

Consumer confidence in Italy improved in May after several months of decline, according to data released by the national statistics institute ISTAT. However, business sentiment weakened, reaching its lowest level in eight months, highlighting mixed signals for the eurozone’s third-largest economy. The consumer confidence index rose......

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