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Italy clears migrants from tent settlement on French border

ROME: Italian police cleared around a hundred migrants from tents where they were camped along the coastal road near the town of Ventimiglia at the French border at dawn on Wednesday, TV broadcasts showed. The Facebook page set up by activists for the makeshift camp said some migrants had jumped into the sea in protest, and all of them had ... Read More »

Dubai’s dnata acquires 30% stake in Italy’s Airport Handling

ROME: Dubai-based air service provider dnata announced that it has signed an agreement to acquire a 30 per cent share in Italian company, Airport Handling SPA. Dnata, part of the Emirates Group, said it will have a majority representation on Airport Handling’s board through which it will control day-to-day operations. Under the agreement, the company will also have a call ... Read More »

Italian company to invest $66M, create 150 jobs

ROME: An Italian manufacturer of high-end adhesives and sealants plans to create 150 new jobs and invest $66 million in Spartanburg County. Spartanburg County Council on Monday approved the third and final reading of an economic incentives agreement, which allows the company to move forward with its project on Highway 290. The new company will locate near the new Toray ... Read More »

Italian cheese exports rise 8% in H1 of 2015

ROME: Exports of Italian cheese and dairy products rose by 8 percent in the first half of 2015, due to their international reputation for top quality. So says an analysis by farmers’ association Coldiretti published at Cheese 2015, organised by Slow Food and the Piedmont town of Bra. About three-quarters of exported products are for the EU market, where there ... Read More »

Italy customs seizes 122K cocaine on ship from Dominican

ROME: Italian and Spanish antinarcotics agencies seized 122 kilos of cocaine at the Italian port of Vado Ligure on a ship from the Dominican Republic who had a port call at Tarragona, Spain, EFE  reports. ROME: Italian and Spanish antinarcotics agencies on Thursday seized 122 kilos of cocaine at the Italian port of Vado Ligure on a ship from the ... Read More »

Italian customs seizes Cocaine worth 34m at Calabrian port

ROME: Italian police and customs officials said they uncovered the cocaine after cross-checking shipping documents. The Italian police in June arrested 34 Calabrian mafia suspects, who allegedly trafficked cocaine from Colombia. Four suspects were also arrested in Spain and a top member of Colombia’s Marxist FARC was implicated by the probe, according to investigators. American and Spanish investigators cooperated in the ... Read More »

Italy Finance Minister plans cut to business taxes

ROME: Italy’s Finance Minister Pier Carlo Padoan has said a reduction in business tax will form part of the government’s overall tax cut pledge over the next few years. Speaking at the annual forum of business leaders in the Como town of Cernobbio, Padoan said that the government is ”studying a further reduction of taxation in favour of corporate competitiveness”, ... Read More »

EU court fines Italy over state aid to companies

ROME: A top European Union court has fined Italy 30 million euros ($34 million) for failing to recover millions of euros in relief from social security contributions granted to hundreds of companies. The EU Court of Justice ruled Thursday that Italy had “failed to fulfil its obligation to recover the aid.” The EU’s executive Commission insists that the social security ... Read More »

Italian Customs official arrested with 3kg gold worth 75 lakh in India

NEW DELHI: In a rare catch for Customs officials at the IGI airport, an Italian national who works for Air India was held with 3kg gold worth Rs 75 lakh hidden inside a battery. The Customs officials usually keep a close watch on people arriving from or going to the Gulf countries since most of the gold smugglers are caught ... Read More »

Italy’s 5-Star movement grows up with youthful new leader

ROME: Forget the outbursts of Beppe Grillo. To gauge the prospects of the anti-establishment 5-Star Movement listen out for the more measured tones of 29-year-old Luigi Di Maio, fast emerging as the next leader of Italy’s second largest party. The 5-Star Movement exploded onto the scene at Italy’s 2013 national election when it won a stunning 25 percent of the ... Read More »

Italian police seize 119kg cocaine worth $27m

ROME: The Italian police impounded over 119 kg of pure cocaine hidden in a container ship that docked at the port of Gioia Tauro in the southern Calabria region. The 24 million euro (above $27 million) cocaine haul was hidden inside three large bags concealed within a coffee shipment from Brazil that was headed for the northeast Italian port of ... Read More »

Italy to Seek EU flexibility for Renzi’s tax cuts

ROME: Italian Prime Minister Matteo Renzi will finance 35 billion euros ($39 billion) of tax cuts through lower government spending and an appeal to Brussels for more flexibility on budget targets, according to his economic adviser. “We plan to finance this tax reduction through spending cuts on the one hand, and a little more margin relative to European parameters we ... Read More »

EU parliamentarians vote to revise import ban

BRUSSELS: EU lawmakers voted on Tuesday to revise the 28-nation bloc’s ban on the sale of products derived from seals in an effort to bring the legislation in compliance with global trade rules ahead of an impending deadline. A year ago, the WTO’s Appellate Body confirmed that the EU’s seal import ban, while justified on public morality grounds relating to ... Read More »

Italian exports to US, China up 29%

ROME: Italian food product exports towards the US and China have risen by 29% those to EU nations by 9.7%, according to the agricultural association Coldiretti. The announcement was made on the basis of data from the Italian national statistics institute ISTAT on foreign trade in June. Since the beginning of Expo Milano 2015, Italian food product exports already saw ... Read More »

Italy industry output gains 1.1% on the month, biggest rise in year

ROME: Italian seasonally adjusted industrial output rose 1.1 per cent in July, data showed on Friday, a sign the euro zone’s third-biggest economy is set to continue its recovery in the third quarter. The result is higher than all the forecasts in a Reuters’ poll of 22 analysts, which projected a monthly increase of 0.5 per cent in July.   Read More »

APM Terminals offloads Gioia Tauro container hub

HAGUE: Exactly 15 years after landing in Southern Italy’s main container hub, APM Terminals has now decided to sell its 33% stake in the Medcenter Container Terminal based in Gioia Tauro. The company from now will be jointly owned by Contship Italia (Eurogate Group) and Gitaurco Ltd (Msc Group). Terms of sale and price were not officially disclosed. “The sale ... Read More »

World food prices drop in Aug

ROME: World food prices had their most dramatic one-month fall in nearly seven years in August, the United Nations Food and Agriculture Organization reported here the other day, the 16th time in 17 months that the index declined. The overall FAO Food Price Index fell 5.2 percent compared to July, its biggest one- month decline since December 2008, with prices ... Read More »

Italian property company Prelios termed potential merger, acquisition target

ROME: Italy’s Prelios is a potential merger or acquisition target, its CEO said on Friday as the property company detailed a plan to spin off real estate investments to cut debt and focus on its core services business. Prelios, once part of industrial group Pirelli, is going through a shareholder reshuffle and Italian newspaper Corriere della Sera reported last month ... Read More »

Italian woodworking machinery industry rises by 8.6%

ROME: In 2014, the Italian woodworking machinery and tools industry recorded an 8.6% increase from the previous year, reaching a production value of 1,669 million euro. Accordin to Acimall (the Italian Woodworking Machinery and Tool Manufacturers Association), the year under scrutiny closed with moderate satisfaction, as results were definitely more “interesting” in the second half. An excellent trend was recorded ... Read More »

2 Italian firms to invest in Zimbabwe’s energy sector

HARARE: Two Italian firms met government officials at a recently held expo in Milan on how they could invest in Zimbabwe’s energy sector, Industry and Commerce minister Mike Bimha has said. Addressing journalists last week, Bimha said while he was attending the Milan Expo, he met senior Italian government officials, who spoke about investing in Zimbabwe, with particular interests in ... Read More »