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Speaking in Parliament, Urso reiterated that Rome aims to strike a deal with Stellantis to increase annual domestic production of cars and vans to 1 million vehicles by 2028. "(Italy) deserves more (than one) automaker," Urso said, adding that government officials had reached out to major foreign carmakers with a view to establishing factories in the country. ....
Italy s PM Draghi s government of national unity imploded Wednesday after members of his uneasy coalition of right, left and populists rebuffed his appeal to band back together to finish the legislature’s natural term and ensure implementation of the European Union-funded pandemic recovery program. ....
- - Leoni [LEO.DE] +10% (shareholder raises stake). - Speakers - ECB s Villeroy (France) stated that he saw a return of growth to pre-pandemic level by mid-2022 for region. Reiterated view that France to register slight growth in Q1. - Norway Central Bank (Norges) Gov Olsen stated that the impact of long-term unemployment was a concern. Reiterated stance that sees housing prices slowing in 2021. - - - G7 and EU Foreign Ministers issue statement: Express deep concern over Russian troop buildup around Ukraine border. Called on Russia to halt provocations and ease tensions. - German ZEW Economists commented that stricter lockdown measures have led to a decline in expectations for private consumption. ....
Italy PM to quit today amid crisis, seeking new govt formation Updated Jan 26, 2021 | 09:09 IST The ruling coalition has been teetering on the edge of collapse since former premier Matteo Renzi withdrew his small Italia Viva party on January 13. Italy PM Giuseppe Conte | Photo Credit: AP Milan: Italian Prime Minister Giuseppe Conte announced he will resign Tuesday, in what media reports said was an attempt to build a new government after weeks of turmoil. He called a cabinet meeting for 9:00am (0800 GMT) when he will inform the ministers of his desire to go to the Quirinale (President Sergio Mattarella s office) to resign , his office said. ....