Russia gold reserves fall to four year low amid budget strain

Russia’s central bank has reduced its gold holdings to the lowest level in four years after selling roughly 500,000 troy ounces in early 2026, as mounting fiscal pressure and declining energy revenues weigh on the country’s finances. Data released by the Bank of Russia shows reserves fell to 74.3 million troy ounces as of March......

Italy’s Meloni narrowly loses justice referendum, exit polls indicate

Exit polls on Monday indicated that Italian Prime Minister Giorgia Meloni narrowly lost a national referendum on her proposed judicial reforms, potentially marking a significant setback for the ruling coalition ahead of next year’s general election. According to surveys conducted by Opinio for state broadcaster RAI and SWG for La7 TV,......

Italy seeks new gas supplies as Meloni visits Algeria amid Qatar disruptions

Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria has emerged as a key partner......

European stocks drop sharply at Monday opening amid oil and Middle East tensions

European stock markets opened sharply lower on Monday, weighed down by surging oil prices and ongoing conflict in the Middle East, with no signs of de-escalation as the fourth week of tensions begins. At around 9:05 a.m. Paris time, major indices were down: Paris’s CAC 40 fell 1.44%, London’s FTSE 100 dropped 1.46%, Milan’s......

Monte dei Paschi faces governance tensions as CEO role comes under scrutiny

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 both the bank’s leadership and......

Italy fines Trustpilot €4 million over misleading consumer practices

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 are collected and displayed. Investigators......

Italians begin voting in crucial referendum on judicial reform

Italians headed to the polls on Sunday to vote in a pivotal referendum on judicial reform, seen as a major test for Prime Minister Giorgia Meloni and her right-wing coalition ahead of next year’s general election. At the heart of the vote is a proposal to amend the constitution by separating the career tracks of judges and public prosecutors,......

Morocco and Vatican celebrate 50 years of diplomatic ties with interfaith dialogue conference in Rome

Rome is hosting a high-level conference on interfaith dialogue and contemporary geopolitical challenges, organized jointly by the Moroccan Embassy to the Holy See and the Sovereign Military Order of Malta. The event commemorates the 50th anniversary of diplomatic relations between Morocco and the Vatican. The conference brings together Moroccan......

Renewables cushion Europe power prices despite Iran conflict shock

European electricity markets are proving more resilient than expected to the Middle East energy crisis, as rapid expansion in wind and solar generation limits the impact of surging gas prices, according to a Bloomberg analysis. Gas prices in Europe have risen by more than 50 percent since late February, when the United States and Israel launched......

Moroccan footballer Neil El Aynaoui and family victims of violent home robbery in Rome

Neil El Aynaoui, midfielder for AS Roma, and his family experienced a terrifying night after being tied up during a violent home burglary in Rome. The incident occurred in the early hours of Monday night in the Castel Fusano neighborhood. According to local media, six masked and armed intruders broke into the house by forcing a window security......

Peter Thiel lectures in Rome draw criticism from Vatican advisers

Technology billionaire Peter Thiel is in Rome this week to deliver a series of private lectures on the Antichrist, an event that has sparked criticism within Catholic institutions and prompted several universities to publicly distance themselves from the gathering. The invitation only conference series runs from Sunday through Wednesday near......

Italy seeks talks with Pirelli investors amid dispute over Chinese influence

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 are expected to involve the company’s......

Türkiye’s Baykar and Italy’s Leonardo join forces to produce European-made drones

Turkish defense company Baykar and Italian aerospace leader Leonardo have announced plans to produce medium-sized unmanned aerial vehicles (UAVs), marking a significant step in European drone manufacturing. The first drones are expected to be unveiled in April. According to Leonardo CEO Roberto Cingolani, the joint venture is progressing......

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