Valentino revenue falls 15% in 2025 as Luxury sector faces global slowdown

Italian luxury fashion house Valentino experienced a challenging financial year in 2025, reporting lower revenue and reduced profitability amid a broader slowdown affecting the global luxury goods industry. The company’s latest financial disclosures reveal that sales declined compared with the previous year, while operating earnings......

Monte Dei Paschi CEO says banking consolidation is healthy if competition is preserved

The chief executive of Banca Monte dei Paschi di Siena has said that consolidation in the banking sector can be beneficial, provided it does not undermine competition or reduce access to financial services for different categories of clients. Speaking at a financial industry conference in Milan, CEO Luigi Lovaglio emphasized that mergers......

NatPower and Tesla launch major 25 GWh battery storage project in Europe

Energy infrastructure developer NatPower and electric vehicle and battery technology group Tesla have announced an agreement to jointly develop large-scale battery storage capacity across Europe, marking a significant step in the region’s ongoing energy transition. The first phase of the project will deliver approximately 25 gigawatt......

Italgas unveils €13 billion investment plan to modernize Italy’s gas infrastructure

Europe’s largest gas distribution operator, Italgas, has announced a significant expansion of its long-term investment strategy, committing €13 billion to infrastructure development and modernization projects through 2032. The plan represents a substantial increase compared with the company’s previous investment roadmap and......

Unicredit ends legal challenge over Italy’s conditions on Banco Bpm bid

The Italian banking group UniCredit has withdrawn its appeal in a legal dispute concerning government-imposed conditions on its attempted takeover of rival lender Banco BPM, according to a court document released at the end of May. The case, which had been examined by Italy’s top administrative court, was formally declared closed after......

Trump Intensifies Criticism Of Italy Over NATO And Middle East Security Role

Former U.S. President Donald Trump has renewed his criticism of Italian Prime Minister Giorgia Meloni, accusing Italy of failing to take a stronger role in global security matters despite its contributions to NATO. In comments posted on his social media platform, Trump argued that European allies, including Italy, have not done enough to......

Moschino names Loris Messina and Simone Rizzo as creative directors

Italian fashion house Moschino has announced the appointment of designers Loris Messina and Simone Rizzo as its new creative directors, marking a significant leadership change for the luxury brand. The duo will take up their roles immediately, replacing Adrian Appiolaza, according to the brand’s parent company Aeffe. Their first collection......

Meloni pushes back after Trump claims she ‘Begged’ for G7 photo

Italian Prime Minister Giorgia Meloni has strongly rejected comments made by U.S. President Donald Trump, after he claimed in a television interview that she had “begged” him for a photograph during the G7 summit. Meloni said on Friday that she was “astonished” by Trump’s remarks, describing them as “completely......

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