The former European football giant in the 1990's are facing a financial strain. After a huge financial loss, AC Milan badly needs new investment.
Italy
Swine Fever Outbreak Threatens to Devastate Italy's $22B Pork Industry and Exports
African swine fever is severely impacting Italy's $22 billion pork industry, causing mass pig slaughter, export bans, and financial losses.
Ferrari’s First EV to Be Priced Over $500,000: Report
The first electric vehicle (EV) of Ferrari reportedly has a hefty price tag of over $500,000. The first electric vehicle (EV) of Ferrari reportedly has a hefty price tag of over $500,000.
Thieves Drill into Basement of Bulgari Store in Rome, Escape With $535k Worth of Gems in Hollywood-Style Heist
A gang of thieves made a Hollywood-style heist at Bulgari’s Rome store, drilling into the basement before stealing around $535,000 worth of gems and escaping into the city’s sewers in under 11 minutes.
Amazon's AWS To Help Italy's Data Center Expansion by Investing Billions of Dollars
Amazon's AWS will help Italy expand its data center. The cloud computing arm will invest billions of dollars to make it happen.
Latest News
Maserati has unveiled the first SUV, in its century-old history, in the Geneva Motor Show, 2016. The new SUV’s overall shape has more than a few Porsche Cayenne-like proportions while possessing trademark Italian flavor. Wester, the Maserati CEO, has also confirmed that despite having access to the wider Fiat-Chrysler group, the new Levante is a 100% Maserati.
Starbucks announced its partnership with Percassi to open its first store in Milan, Italy. Famous coffee chain company Starbucks announced on the 29th of February a partnership to open its first store in Milan, Italy.
Shareholders of the Italian tyre maker Pirelli has nodded in favor of the proposed merger with Marco Polo Industrial Holding. Marco Polo’s parent concern ChemChina has acquired Pirelli for $8.25 billion last year. The merging is scheduled to be completed by mid 2016.
Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.
The AC power cables linked to Microsoft’s Surface Pro tablets of selective three generations pose fire risks due to overheating. Though a limited number of overheating issues have been reported, Microsoft is taking no risks and going to recall for a global voluntary replacement. Details on replacement procedure will be furnished in the Microsoft website sometimes later this week, possibly on Friday.
Italian bank UniCredit to replace Bank Austria CEO Willibald Cernko with head of private banking Robert Zadrazil on March 1 to oversee restructuring after suffering losses.
Italian Medicine Agency has formulated an advanced strategies in drug spending. The agency has developed an innovative deal with pharmaceutical companies to institute a refund for ineffective medicinal treatment.
Pope Francis urged Catholics on Wednesday to avoid using smartphones and other technological devices at the dinner table. Mashable reported that Pope Francis told the audiences at the St. Peter's Square in Vatican City to set aside technology when eating meals and talk face-to-face to encourage togetherness and connection, which is very important for a family.
The world's oldest bank Banca Monte dei Paschi di Siena SpA has announced encouraging levels of capital. The Italian banking major's common equity Tier-I ratio is up at 11.7 percent by the end of September from 10.7 percent in June.
