Rome, Italy | Xinhua | As Italy’s wine sector slowly recovers from the COVID-19 pandemic and the conflict in Ukraine, higher-end wines are out-performing the rest of the sector, industry experts say. While France remains the world leader in terms of the overall value of wine production, last year Italy was …
Read More »Italy’s purchasing power halved since start of Russia-Ukraine crisis
Rome, Italy | Xinhua | Purchasing power in Italy fell by 54 percent over the last year, as high inflation, reduced trade and slower economic growth caused in part by the Russia-Ukraine crisis took their toll on the daily life of Italians, according to a new report published by Italian think-tank …
Read More »Algeria, Italy agree to build new energy pipeline
Algiers, Algeria | Xinhua | Algeria and Italy agreed on Monday to build a new pipeline to carry Algeria’s gas and electricity to Europe. At a joint press conference with visiting Italian Prime Minister Giorgia Meloni, Algerian President Abdelmadjid Tebboune said the project will make Italy “a key distributor of Algerian …
Read More »Gianluca Vialli 1964-2023
London, UK | THE INDEPENDENT | Italian and Chelsea football legend Gianluca Vialli has died aged 58. “Everyone associated with Chelsea Football Club is devastated to learn of the passing of Gianluca Vialli, our former player and manager, at the age of just 58,” Chelsea said in a statment. “As …
Read More »Coronavirus hospitalizations surge in Italy
Rome, Italy | Xinhua | Hospitalizations due to coronavirus are on the rise again in Italy, according to official data released on Monday. This could signal a potential surge in cases during the upcoming winter. The Gimbe Foundation, a health monitoring entity, said that the number of patients in intensive …
Read More »Italy’s new PM, gov’t sworn in
Rome, Italy | Xinhua | The new Italian government formed by appointed Prime Minister Giorgia Meloni was officially sworn in at the presidential Palace on Saturday. Meloni had been formally appointed and accepted the mandate on Friday, after being summoned by President Sergio Mattarella at the end of his short …
Read More »ENI CEO: Italy can get through winter without Russian gas
Rome, Italy | XINHUA | The head of Eni, Italy’s largest oil and gas company said he thought his country would be able to make it through the upcoming winter without major problems despite Russia’s decision to cut off gas supplies, Italian media reported on Thursday. Based on increased gas …
Read More »Algeria to become key supplier of gas to Italy
Algiers, Algeria | Xinhua | Gas supplies from Algeria to Italy will increase in the coming years, Italian Prime Minister Mario Draghi said on Monday, following his meeting with Algerian President Abdelmadjid Tebboune in Algiers. The gas deal was one in a series of agreements the two politicians agreed to sign …
Read More »Italy lowers fuel taxes to help tackle surging prices
Rome, Italy | Xinhua | Italy’s government on Monday adopted a decree that eliminates excise taxes on some forms of natural gas and methane to help tackle surging energy prices due to the Russia-Ukraine conflict. According to a statement from the office of Prime Minister Mario Draghi, excise taxes on gasoline, …
Read More »Russia’s Hermitage museum demands return of paintings on loan to Italy
Rome, Italy | Xinhua | Russia’s Hermitage museum is seeking the return from Italy of a painting by Pablo Picasso it loaned, a Rome museum confirmed Thursday. The Hermitage, based in St. Petersburg, Russia, has also reportedly requested the return of other paintings on loan in Italy. The Italian media is …
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