Economy

Finland "Ahead of Schedule" on Coal Phase-Out: Helsinki's Salmisaari Plant Closes

31-03-2025 - HELSINKI, FINLAND • Finland has completed its coal phase-out plan four years ahead of schedule, with the Salmisaari power plant in Helsinki officially shutting down today. Wind power has more than...

Prada to Acquire Versace for €1.25 Billion

10-04-2025 - Prada to Acquire Versace for €1.25 BillionMILAN, ITALY • Prada Group announced Thursday its agreement to acquire the iconic Italian fashion house Versace from U.S. luxury conglomerate Capri...

EU Fines Apple €500M and Meta €200M for Digital Markets Act Violations

23-04-2025 - BRUSSELS, BELGIUM • The European Commission has levied significant fines against tech giants Apple (€500 million) and Meta (€200 million) for breaching the Digital Markets Act (DMA). Apple was...

Poste Italiane Becomes TIM's Largest Shareholder After Acquiring 15% from Vivendi

29-03-2025 - ROME, ITALY • Poste Italiane has announced its acquisition of a 15% stake in TIM from Vivendi, making it the telecommunications giant's largest shareholder. This move, valued at €684 million,...

Soaring Arms Demand Drives Rheinmetall to 46% Sales Growth in Q1

08-05-2025 - DÜSSELDORF, GERMANY • German arms manufacturer Rheinmetall has reported record sales and profits in its first quarter, fueled by a significant surge in its defense sector. Driven by increased...

Royal Visit: King Charles and Queen Camilla in Rome for State Engagements and Colosseum Tour

08-04-2025 - ROME, ITALY • King Charles III and Queen Camilla arrived in Italy on Monday for a state visit, meeting with President Sergio Mattarella and later touring the Colosseum with renowned historian...

Milan Furniture Fair 2025: Over 300,000 Visitors, 68% International Trade

13-04-2025 - MILAN, ITALY • The 2025 edition of the Salone del Mobile in Milan attracted 302,548 attendees, with an unprecedented 68% coming from international trade, solidifying its pivotal role in the global...

European Healthcare at Risk: Eu4Health Fund Could Disappear from Next Budget

13-06-2025 - BRUSSELS • Emerging priorities like defense and competitiveness are diverting resources, raising fears that health – a key objective of the previous EU mandate – might bear the brunt in the...

EU AI Code of Conduct Possibly Delayed Until May Amid Caution from Tech Giants

20-02-2025 - The European Commission has postponed the release of the EU's new rules for developers and users of artificial intelligence (AI) models—such as ChatGPT, Google Gemini, and the Midjourney photo...

17-04-2025 -

Gas Prices Dip, But Oil Plummets More: Here's Why

Cheap Standing Room? Ryanair Debunks Viral Online Rumor, But Option Not Entirely Ruled Out for Future

24-05-2025 - LOW-COST TRAVEL • Ryanair has categorically denied recent viral online rumors suggesting it would introduce "standing seats" on its aircraft to offer even cheaper fares. Despite denials from both...

EU Consumers' Group Files Complaint Against 7 Airlines Over Hand Luggage Fees

21-05-2025 - BRUSSELS • Europe's leading consumer organization, BEUC, along with 16 affiliated groups from 12 countries, has filed a complaint with the European Commission and the Consumer Protection...

Paris Orly Airport: 130 Flights Canceled Due to Air Traffic Control System Failure

18-05-2025 - PARIS, FRANCE • A malfunction in air traffic control systems at Paris Orly Airport led to the cancellation of approximately 130 flights, representing 40% of scheduled operations between 4 PM and...

The World's 50 Best Restaurants 2025: Italy Lands Three Spots in Top 20

20-06-2025 - The World's 50 Best Restaurants has announced this year's winners of "The World's Best Restaurant," one of the most prestigious gastronomic awards globally. The awards ceremony took place on Thursday...

Pope Francis's Death: What Happens Next in the Vatican

21-04-2025 - VATICAN CITY • "Pope Francis died on Easter Monday, April 21, 2025, at the age of 88, in his residence at Casa Santa Marta in the Vatican," the Vatican announced in a statement published on X. With...

Irregular Entries into the EU Down 20%, But Central Mediterranean Route Sees Resurgence from Libya

11-06-2025 - BRUSSELS • In the first five months of 2025, Frontex recorded a 20% overall decrease in irregular entries into the EU compared to the previous year, with 63,700 total arrivals. However, the Central...

Airlines Lost or Stole 15 Million Bags in Europe in 2024: New Data Reveals

15-06-2025 - GENEVA, SWITZERLAND • Air travelers faced significant baggage woes in 2024, particularly in Europe, where an estimated 28 pieces of luggage went missing or were mishandled every minute. While...

Europe's Most Dynamic and Sustainable Cities: The Latest Ranking Revealed

25-04-2025 - BARCELONA, SPAIN • London, Paris, and Berlin continue to dominate as top contenders among the world's most dynamic and livable cities. According to the IESE Cities in Motion (CIMI) Index, these...

Italy's Top Red Wines Revealed: Gentleman Magazine's 2025 Ranking

06-03-2025 - FLORENCE, ITALY • The prestigious British magazine Gentleman has released its annual list of Italy's 100 best red wines, with Bolgheri Sassicaia 2021 from Tenuta San Guido in Tuscany claiming the...

EasyJet Launches 22 New Routes from Milan Linate Airport

02-04-2025 - MILAN, ITALY • EasyJet has inaugurated a new base at Milan Linate Airport, significantly boosting connectivity between Milan and the rest of Europe. The new hub features 22 routes, 17 of which are...