Illinois Fighting Illini Women’s Basketball Team Kicks Off European Tour with Victory in Italy
The Illinois Fighting Illini women’s basketball team has begun their European tour with a thrilling win in Italy, defeating a select team 67-65. Led by senior Adalia McKenzie and fifth-year center Kendall Bostic, the team is focusing on building chemistry and gaining valuable experience ahead of the upcoming season. Follow their journey as they explore Italian culture and prepare for their next exhibition match.
Three Ferraris Crash Out on First Day of Italian Rally
Three Ferraris crashed out on the first day of the $46,000 Italian rally, leaving enthusiasts disappointed. The event, exclusive to modern Ferraris like the 296 GTB and LaFerrari, saw two crashes and a fire, raising concerns about the fate of other participants. Despite the setbacks, the rally continues with remaining supercars navigating the challenging Italian landscape.
Italian Revenue Agency Accuses Google of 1 Billion Euro Tax Evasion
Fininvest reports double-digit profits in 2023, but the Berlusconi family halves the dividend to 51 million. Rumors swirl about a sultan at Villa Certosa. The Revenue Agency targets Google for alleged tax evasion of 1 billion euros, escalating the investigation. Milan Prosecutor’s Office joins in, intensifying the scrutiny on Google’s operations in Italy.
Italy Stocks Close Lower as Telecoms, Utilities, and Healthcare Sectors Decline
Italy stocks closed lower on Friday, with the Investing.com Italy 40 index dropping by 0.18% due to losses in Telecoms, Utilities, and Healthcare sectors. Top performers included Tenaris SA and STMicroelectronics, while worst performers included Brunello Cucinelli and Terna Rete Elettrica Nazionale SpA. In commodities trading, crude oil and Brent oil prices fell, while gold futures rose. EUR/USD and EUR/GBP remained steady, while the US Dollar Index Futures decreased slightly.
Italy to Host Historic Start of Tour de France in Florence
Italy is set to host the prestigious Tour de France for the first time, with Florence as the focal point. The event will showcase Italy’s rich cycling heritage and honor legendary cyclists like Gino Bartali and Marco Pantani. Follow along for updates and stage-by-stage guides as the cycling world gears up for the historic Grand Départ in Italy.
Carlyle to Establish Mediterranean-Focused Oil and Gas Company with Former BP CEO Tony Hayward
Carlyle, a prominent private equity fund, is set to establish a new Mediterranean-focused oil and gas company under the leadership of former BP CEO, Tony Hayward. This strategic move aims to tap into the growing eastern Mediterranean gas market driven by rising demand in Egypt and Europe. The new company, backed by Carlyle International Energy Partners, plans to produce 47,000 barrels of oil per day across Egypt, Italy, and Croatia with ambitions for further growth through asset upgrades and acquisitions. Energean, known for gas production offshore Israel, looks to expand its reach to Europe, the Middle East, and Africa. The deal has boosted investor confidence with Energean’s stock rising by 2.7% post-announcement.
Navigating Italy’s Complex Property Tax: IMU
Learn about Italy’s property tax, IMU (Imposta Municipale Unica), and the upcoming deadline for the first instalment on June 17th. Discover the complexities of IMU eligibility, exemptions, and how property owners must independently calculate and pay this tax. Stay informed to avoid confusion and ensure compliance with IMU regulations in Italy.
Italian Exports Surge by 10.7% in April, Led by Growth in Key Markets
Italian exports surged by 10.7% in April compared to last year, with positive growth seen in trade with both EU and non-EU countries. The trade balance showed a surplus of +4,807 million euros, indicating a strong recovery in trade performance. The increase in exports to Germany is particularly noteworthy, signaling a positive outlook for Italy’s export sector.
Tadej Pogacar Gears Up for Debut in Giro d’Italia
Slovenian cycling sensation Tadej Pogacar is set to make his debut in the Giro d’Italia, showcasing his cautious optimism despite being favored to win. With past victories and setbacks shaping his approach, Pogacar’s recent successes have solidified his position as a top contender. As the race kicks off in Turin, Pogacar acknowledges the tough competition, staying humble yet determined to add another prestigious title to his name.
The Legendary Passo dello Stelvio: A Cycling Icon
Learn about the iconic Passo dello Stelvio, the legendary climb featured in the Giro d’Italia known for its breathtaking switchbacks and challenging terrain. Discover the history behind the Cima Coppi award and its connection to Italian cycling legend Fausto Coppi, as well as the significance of conquering this prestigious mountain in the world of cycling.