Bitcoin has reached an unprecedented milestone, surging past $100,000, driven by investor optimism about a pro-crypto stance from U.S. President-elect Donald Trump. Since his election victory, the cryptocurrency has risen over 50%, fueled further by his appointment of crypto advocate Paul Atkins to lead the SEC, signaling potential regulatory support. Trump’s commitment to making the...
This past Sunday, Stellantis announced that its CEO had resigned after informing President of the Republic Sergio Mattarella and Premier Giorgia Meloni. The newly formed temporary Executive Committee will be headed by John Elkann, president of the Stellantis group. Potential candidates for the new CEO position have already emerged: the Frenchmen Olivier Francois and Jean-Philippe...
The Italian bank Unicredit just launched a 10.1 billion euro offer to acquire Banco BPM, potentially entailing one of the biggest operations in the Italian banking market of the last years. This move is part of the phenomenon labeled by Italian media as “banking Risk”, in reference to the famous board game, describing to the...
The Italian Ministry of Economy and Finance recently sold 15% of Monte dei Paschi di Siena, one of the world’s oldest financial institutions. In 2017, the government had nationalized the bank in an attempt to save it, but in October 2023 the Italian Treasury decided on its privatization to make it more competitive. In November...
Citadel Securities, US-based trading firm, has recently opened trading hubs in Paris and has been authorized by the German government to trade its Bunds. This is a particularly important move in a continent whose major participants had usually been local financial entities, while resisting opening up to foreign investors and especially aggressive high-frequency traders. Critics...
Robert Holzmann, policymaker alla Banca Centrale Europea, ha recentemente ammesso che «non ci sono motivi per non tagliare i tassi a dicembre», alla luce del taglio già realizzato a metà ottobre. Bisogna ricordare che la BCE ha ridotto i tassi tre volte quest’anno, e secondo Holzmann si potrebbe mantenere la politica monetaria espansiva sempre che...
The European Commission is willing to be more lax about common EU funds, aimed at tackling inequality between member states, to be used for critical infrastructure linked to military use, like roads and bridges. So far, the so-called “cohesion funds” were not allowed to be used for the military, if not only for “dual-use goods”...
As part of his visit to the Middle Kingdom, Italian president Sergio Mattarella will meet with Chinese president Xi Jinping to discuss the renewal of Sino-Italian relations in light of the emerging global balance of power. This discussion is a great opportunity to soften any potential Chinese retaliation given Italy’s withdrawal from the Belt and...
Donald J. Trump, tycoon and ex-TV star, has just become the 47th president of the United States after defeating incumbent vice-president, Kamala Harris. Trump and Harris obtained 295 and 226 electoral college votes respectively, signaling an overwhelming victory by the magnate and going against prediction polls that indicated a seemingly even race by both candidates....
The Italian economics and finance newspaper Il Sole 24 Ore and the Italian Chamber of Commerce and Industry in Spain have recently signed a partnership agreement to promote ItalyX, a certification for Italian excellence in companies. The initiative aims to highlight and enhance the value of manufacturing companies representing Italian quality, helping certified companies access...
