MPS in Italy is under investigation for the Mediobanca acquisition.
MPS Takes Over Mediobanca in Major Italian Deal Milan, Nov 27 – Monte dei Paschi di Siena (MPS) has made headlines with its recent acquisition of Mediobanca, marking one of Italy’s most significant mergers and acquisitions to date. The deal, valued at around €16 billion ($19 billion), gained considerable backing from local government and its […]
Serious concerns in Little Italy as worries about rising pasta prices and shortages are causing anxiety for everyone
Your next bowl of spaghetti might end up needing a lot more penne than you thought. In Little Italy, the area’s main pasta producers are understandably frustrated about the looming price increases tied to President Trump’s tariffs. These could push the cost of basic food items to as much as $10, and store owners worry […]
Ancient competitor of Rome discovered with the finding of a 2,000-year-old basin in Gabii, Italy
Significant Archaeological Find in Italy Recently, archaeologists in Italy unearthed a massive stone basin that is over 2,000 years old—remnants of a city that once posed a significant challenge to Rome. This discovery occurred at the ancient site of Gabii, located about 11 miles east of the Italian capital. The University of Missouri’s archaeologists made […]
Rachael Ray explains why she chooses to live in Italy instead of the US or NYC.
Rachael Ray’s Take on New York and Italy While Rachael Ray is well-known for her ties to New York, she doesn’t exactly relish urban life. The former Food Network star, who has residences in both New York City and upstate, as well as a villa in Italy, admitted that her husband, John Cusimano, thrives on […]
Italy believes its banks can manage increases in budget taxes.
Italy’s Planned Tax Increases on Financial Sector ROME – Prime Minister Giorgia Meloni reassured the public on Friday that the increased taxes on banks and insurance companies, outlined in the government’s 2026 budget, wouldn’t negatively impact the economy or stir unrest within the financial sector. As part of the budget plan for 2026-2028, banks and […]
Italy Refuses to Extradite Ukrainian Suspect in Gas Pipeline Bombing
ROME (AP) — Italy’s top court has denied the extradition of a Ukrainian man suspected of causing an explosion that damaged the Nord Stream gas pipeline between Russia and Germany in 2022, as confirmed by his lawyer on Thursday. The Court of Cassation, Italy’s highest judicial authority, overturned a previous ruling from the Bologna Court […]
21 nuns flee from a devastating fire that consumed the nearly 400-year-old Bernaga Monastery in Italy
Nuns have been evacuated from an almost 400-year-old Italian monastery following a destructive fire that broke out late Saturday night, consuming numerous invaluable artifacts. As flames engulfed the Vernaga convent in La Valletta Brianza, located just outside Milan, 21 nuns living there had to flee. Nineteen of them were relocated to other religious facilities for […]
St Francis of Assisi continues to be featured in a unique event in Italy
St. Francis of Assisi’s Relics to be Displayed in Italy Next year, the relics of St. Francis of Assisi, a revered figure in history, are set to be showcased in Italy. This announcement came from Vatican News on October 4, which also happens to be the Feast of St. Francis. The display will occur at […]
Tourist from the U.S. attempts to order an Olive Garden-inspired meal in Italy
Mama Mia It’s well-known that Italian-American cuisine isn’t quite the same as what you’d find in Italy. So, if you’re in an Italian restaurant in Italy, expecting to order fettuccine alfredo or chicken parmesan, well, good luck with that. One American tourist discovered this the hard way during a trip to Italy. Not only did […]
Demonstrators assemble in Spain, Italy, and Portugal to oppose the conflict in Gaza.
Protests Erupt Across Southern Europe Over Gaza Conflict Barcelona, Spain – Thousands are taking to the streets in Barcelona and other cities like Madrid as Spain, Italy, and Portugal hold demonstrations against the Israeli war in Gaza. While the protests in Spain’s second largest city and Madrid have been organized for weeks, similar calls in […]