Italy News and Economic Updates
Italy expels Russian diplomats after espionage probe widens
Italy is ordering two Russian military attachés to leave the country as authorities intensify a counter-espionage investigation tied to alleged transfers of classified information to Moscow. The ...
UK-led GCAP programme awards £4.6 billion fighter jet design contract
Britain, Japan and Italy are moving the Global Combat Air Programme into its next design phase with a multibillion-pound contract signed today. The agreement supports development of a ...
UK, Italy and Japan award Edgewing £4.6 billion GCAP fighter jet contract
Britain, Italy and Japan are moving their joint next-generation combat aircraft programme into a new development phase with a multibillion-pound award to industry venture Edgewing. The contract ...
Bending Spoons IPO offers market test for private equity-style tech roll-ups
As private equity firms continue to delay flotations across their portfolios, Bending Spoons' Nasdaq debut is emerging as a live market gauge for how software and tech roll-ups might fare in ...
Pirelli plans U.S. capacity expansion with up to $1.2 billion investment
Pirelli is outlining a multi-year push to expand its manufacturing footprint in the U.S. as it seeks to increase local tyre production. The plan, valued at about $1 billion to $1.2 billion, also ...
OPT lists on Euronext Growth Milan after 2 million euro IPO raise
OPT begins trading on Euronext Growth Milan as the healthcare services company expands its access to capital markets in Italy. The admission marks Euronext’s 35th listing of 2026 and values the ...
Italy bases use disclosure deepens political risk over U.S. Iran operation
Pressure is rising on Italy's government after Nato Secretary-General Mark Rutte says hundreds of U.S. aircraft took off from bases in Italy in support of Washington's operation against Iran. The ...
Italy-U.S. political ties face new strain as Meloni rejects Trump's photo claim
Tensions between Rome and Washington are escalating after Giorgia Meloni forcefully denied Donald Trump's claim that she asked him for a photo during the recent G7 summit. The dispute prompts ...
U.S.-Italy business forum in Miami to spotlight economic cooperation
A June 22 business forum in Miami is set to bring U.S. and Italian officials together around trade, investment and industrial priorities. Secretary of State Marco Rubio is also scheduled to hold ...
EU urges support for cross-border bank mergers to deepen single market
European policymakers are intensifying pressure to revive cross-border bank consolidation as the bloc seeks funding for its green and digital transformation. The push comes after Germany rejects ...
Italy far-right split reshapes coalition risks before election
Italy’s governing right is facing fresh pressure as Roberto Vannacci’s new Futuro Nazionale party draws support from Prime Minister Giorgia Meloni’s coalition and from disaffected far-right ...
European Commission allows green energy spending under defence fiscal leeway
European Union governments are being given limited room to fund parts of the shift away from fossil fuels as energy costs stay elevated across the bloc. The measure lets countries redirect a ...
EU plans energy spending exemption under budget rules
Brussels is preparing a temporary fiscal cushion as higher energy prices linked to the Middle East conflict raise pressure on member states. The proposal would let governments shield limited ...
