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News Analysis: Italy's economy battered in second quarter, but there are reasons for optimism

ROME, July 31 (Xinhua) -- Italy's economy contracted at a never-before-seen degree in the second quarter of the year, though analysts noted the negative growth was less severe than that seen in some other major European economies and that it could set the stage for an economic rebound in the second half of the year.


EU heads end second say of COVID bailout haggling with no deal, to resume Sunday

WARSAW (Reuters) - European Union leaders wrapped the second day of negotiations on a plan to pump hundreds of billions of euros into their economies ravaged by coronavirus and would resume on Sunday, a spokesman for the bloc said, with a deal proving elusive.


Greece's Piraeus port posts positive financial results for 2019

ATHENS, July 17 (Xinhua) -- The turnover of Piraeus Port Authority S.A (PPA) of Greece last year amounted to 149.2 million euros (170.4 million U.S. dollars) compared to 132.9 million euros in 2018, an increase of 12.3 percent, the company said on Friday.