Edition:
India

Gavin Jones

UPDATE 2-S&P gives respite to Italy with surprise upgrade to rating outlook

24 Oct 2020

Oct 23 Standard and Poor's on Friday revised Italy's sovereign outlook to stable from negative, offering some unexpected good news for the euro zone's third largest economy, and affirmed its long- and short-term credit rating at "BBB/A-2".

Italy's daily coronavirus cases soar to new daily record above 15,000

21 Oct 2020

ROME Italy has registered 15,199 new coronavirus infections over the past 24 hours, the health ministry said on Wednesday, the highest daily tally since the start of the country's outbreak and up from a previous record of 11,705 posted on Sunday.

Italy to spend 10 bln euros on furlough schemes, tax breaks for south - sources

15 Oct 2020

ROME, Oct 15 Italy will spend 10 billion euros in its 2021 budget to extend temporary lay-off schemes for companies and offer tax breaks to firms to support employment in the poor south of the country, government sources told Reuters.

Italy coronavirus cases surge to new daily record above 7,000

14 Oct 2020

ROME Italy has registered 7,332 new coronavirus infections over the past 24 hours, the health ministry said on Wednesday, the country's highest ever daily tally and steeply up from 5,901 on Tuesday.

UPDATE 1-Italy toughens restrictions as daily COVID cases hit highest since March

13 Oct 2020

ROME, Oct 13 Italian Prime Minister Giuseppe Conte on Tuesday imposed new restrictions on gatherings, restaurants, sports and school activities in an attempt to slow a surge in novel coronavirus infections.

Italy toughens restrictions to try to curb COVID-19 surge

13 Oct 2020

ROME Italian Prime Minister Giuseppe Conte on Tuesday imposed new restrictions on gatherings, restaurants, sports and school activities in an attempt to slow a recent surge in coronavirus infections.

Cash no longer king in Italy as COVID helps government push for plastic

08 Oct 2020

ROME/MILAN Italy's love affair with cash is fading. The coronavirus is turning Italians off notes and coins and the government is launching a raft of incentives to accelerate the trend, believing plastic payment can curb rampant tax evasion.

Italy makes face masks mandatory as coronavirus cases surge

08 Oct 2020

ROME/MILAN Italy on Wednesday made it mandatory to wear face masks outdoors nationwide in an effort to curb the spread of the coronavirus, as new infections jumped to the highest daily tally since April.

Italy to set 2020 GDP target at -9%, deficit/GDP at 10.8% - Treasury

30 Sep 2020

ROME Italy forecasts that its economy will contract by 9.0% this year, the Treasury said on Tuesday, while the budget deficit will come in at 10.8% of gross domestic product.

UPDATE 1-Italy to set 2020 GDP target at -9%, deficit/GDP at 10.8% - Treasury

30 Sep 2020

* Targets to form framework for 2021 budget (Adds details, background)

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