News

Italy’s devastated retail landscape: Here’s how one of the worst-hit sectors has been impacted by the pandemic and what it will look like.

Italy’s retail industry is amongst the hardest-hit sectors by the coronavirus pandemic in Europe. As businesses reopened on May 18, luxury fashion and retail brands in Italy are coping with piled up inventories of outdated stock, uncertainty about tourism, and financial anguish. Experts gave us their insights on which Italian […]
Italy’s devastated retail landscape: Here’s how one of the worst-hit sectors has been impacted by the pandemic and what it will look like.
Markets

Europe has a 70% chance of falling into recession, top economist warns

Allianz’s chief economic advisor puts the odds of Europe falling into recession at 70%. Mohamed El-Erian told Financial News that due to Brexit and a shrinking German economy, there’s a good chance that Europe will suffer its second crisis in a decade. Germany’s central bank warned of a potential recession […]
Europe has a 70% chance of falling into recession, top economist warns
Markets

Italy budget fears spark another selloff as 10-year bond hits 2014 high

I talian assets continue to sell-off over budget crisis fears. Markets are particularly worried that the dispute could cause ratings agencies to downgrade Italy’s credit rating. Those fears have pushed the yield on Italy’s benchmark 10-year bond up to its highest level since 2014, passing above 3.4%. The euro has […]
Italy budget fears spark another selloff as 10-year bond hits 2014 high
Markets

Global markets are in turmoil as Italy’s political crisis deepens

Global markets were shaken Tuesday by a deepening political crisis in Italy. Italian bonds sold off sharply, while demand for safer havens like US Treasurys and German bunds is rising. Stocks across the world also taking a hammering, with US stocks falling, following major losses in Europe earlier in the […]
Global markets are in turmoil as Italy’s political crisis deepens
Markets

Goldman Sachs is turning sour on Italy as the populists take control

Goldman Sachs removes Italy’s state-owned energy company, Enel, from list of favourite stocks. The move comes ahead of the agreement of a new government led by the populist Five Star Movement and the Lega Nord. Both parties are committed to using more renewable sources of energy, which poses a threat […]
Goldman Sachs is turning sour on Italy as the populists take control