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Economy

Italy’s business elite gets a taste of govt intervention

ROME: Italian Prime Minister Giuseppe Conte made it clear to the country’s corporate elite that he’ll be calling the shots more often in a pandemic-stricken economy.

World

Italy's Alitalia posts record losses in first half of 2020

ROME, Sept. 1 (Xinhua) -- Italy's flag carrier Alitalia suffered record losses in the first half of this year amid coronavirus travel restrictions and the global economic slowdown. However, the troubled company still outperformed many of its European rivals.

World

Former Fiat head Romiti dies at 97

ROME, Aug. 18 (Xinhua) -- Cesare Romiti, the Italian executive best known for helping steer Italian carmaker Fiat through the challenging period between the 1970s and 1990s, died in Milan on Tuesday at the age of 97.

World

Restructured Alitalia to see fleet reduced to 70 from 113, as Europe opens skies to more travelers

ROME, July 21 (Xinhua) -- Italy's embattled air carrier Alitalia will emerge from its state-guided reform plan far smaller than in the past, though government officials said Tuesday the relaunch plan will not involve layoffs.