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US tech giant Apple is under investigation in Italy for allegedly hiding 1bil euros (RM4.33bil) from the local tax authority, two judicial sources with direct knowledge of the matter told Reuters.
BRUSSELS: The European Commission is concerned about the budget deficits planned by Italy for the next three years which it said contravene what European Union finance ministers asked Rome to do in July.
A weary Jamie Oliver found himself rejuvenated after a trip to Italy. The British celebrity chef tells B>S. INDRAMALAR/Ball about his great escape.
TOKYO: Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
MILAN: Italy is considering injecting capital into some lenders after the UK’s vote to leave the European Union sparked a selloff among banks already hurt by investor concerns tied to their bad loans, according to people with knowledge of the discussions.
LONDON: Italy’s plan to use securitisation to help relieve banks of their soured loans is an attempt to imbue securities backed by non-performing assets with some of the lustre enjoyed by sovereign bonds, according to a senior official at the Treasury.