Italian luxury goods group Prada said it will be opening fewer stores than previously planned this year after reporting a 21 per cent fall in its first-half net profit.
The company said it did not see significant improvements in t
Abu Dhabi-based Etihad Airways will buy almost half of Alitalia and pour 560 million euros ($751 million) into the loss-making Italian flag carrier in a turnaround effort that will involve heavy job losses, under a long-delayed deal signed on Fr
Loss-making Italian airline Alitalia will seal its tie-up with Gulf carrier Etihad on Friday, the government said, a deal that comes as the country's flagship airline was on the brink of bankruptcy and that protects more than 10,000 jobs.
Abu Dhabi's Etihad and Italy's post office operator Poste Italiane are preparing a partnership after the Gulf airline makes a planned investment in Italy's troubled flag-carrier Alitalia, a person close to the matter said.
Nineteen people died trying to reach Italy on a boat packed with hundreds of migrants, probably poisoned by carbon monoxide fumes from its engines, said the Italian Navy on Saturday, which has rescued more than 4,000 migrants in the last three d
ArcelorMittal, the world's biggest steelmaker, is considering making an offer later this month for Italy's second largest steel producer Lucchini, according to Italian union CGIL FIOM.
Lucchini, formerly owned by Russia
Italy's UniCredit has reached a deal with unions to cut 2,400 jobs, the sector's main union FABI said, in the first stage of workforce reductions foreseen in the bank's 2013-18 restructuring plan.
The country's big
Flag carrier Turkish Airlines has launched flights to Pisa, its ninth destination in Italy after Rome, Milan, Venice, Naples, Bologna, Genova, Torino and Catania.
Pisa also marks the airline’s 25th destination in Southern Eu
A new entity, Bahraini Italian Business Club, has been formed to promote and support business exchange between the kingdom and Italy.
Osama Tariq Almoayed has been elected chairman of the new Bahraini Italian Business Club.
The head of Alitalia expects around 2,200 jobs to go under a planned tie-up with Etihad Airways, he was quoted as saying by La Repubblica newspaper on Sunday.
"Etihad is inflexible on this (job cuts)," Gabriele Del Torch