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Stellantis European Sales Decline by 12.3% in June

Brussels: Stellantis sold 180,907 vehicles on the European market (EU, EFTA, and UK) in June, marking a decline of 12.3% compared to the same month last year, according to data released on Thursday. The Italian-French-American auto group’s market share also decreased to 14.5% from 15.7% in June 2024. According to Ansa News Agency, the European […]

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Golden Power Dossier with Italy Remains Open Says EC

Rome: The European Commission announced that the case concerning Italy’s potential misuse of its golden powers in relation to UniCredit’s attempted acquisition of Banco BPM remains unresolved. This follows UniCredit’s recent decision to retract its offer to take over Banco BPM, Italy’s second-largest bank. According to Ansa News Agency, earlier this month, the Commission communicated […]

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Motorway Accidents and Fatalities Surge by 7% in Italy in 2024: Istat

Rome: Road accidents in Italy saw a notable increase last year, with motorways experiencing a 6.9% rise in crashes and a 7.1% rise in fatalities compared to 2023. The national statistics agency, Istat, reported these figures on Thursday. According to Ansa News Agency, road accidents overall increased by 4.1% in Italy during 2024. The country […]

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Ruggiero-Piccoli Secure Silver in Women’s Duet Free Artistic Swimming at World Championships

Singapore: Italy’s Lucrezia Ruggiero and Enrica Piccoli claimed the silver medal in the women’s duet free artistic swimming event at the world aquatics championships held in Singapore on Thursday. The duo achieved a score of 278.7137 points, placing them second behind Spain’s Lilou Lluis Valette and Iris Thio Casas, who secured the gold with 282.6087 […]

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Bank of Italy Warns of Risks Associated with Stablecoins

Rome: Bank of Italy Deputy Director General Chiara Scotti on Thursday sounded the alarm about the risks posed by crypto assets in general, and stablecoins in particular. A stablecoin is a type of cryptocurrency whose value is supposed to be pegged to, and collateralized by, a reference asset, which can be fiat money or another […]