Global Scans · Italy · Weekly Summary

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WHAT'S NEXT?: The Italian economy is already in a fragile state and a now likely period of political uncertainty would be likely to do further damage. In particular, Italy's banking industry is seen as vulnerable to a loss of confidence. Italy could be the next domino to fall out of the EU through increasing populist party support.

• Anti-EU parties will win June's European Parliament elections in nine member states - Austria, Belgium, the Czech Republic, France, Hungary, Italy, the Netherlands, Poland, and Slovakia. The Telegraph
• A new project in Italy is investigating whether shorter supply chains can help develop sustainable business opportunities and add value for farmers. FoodNavigator.com
• Since 2010, the UK has seen the third-highest rate of growth in the G7-faster than Japan, Germany, France and Italy - and the IMF projects the UK to have the third-fastest cumulative growth in the G7 over the period 2024-28. theyworkforyou
• Another misconception worth reconsidering concerns the alleged immaturity of the Italian supply chain in supporting ambitious targets for floating offshore wind by 2030 and 2040. BlueFloat Energy
• The risk is low in Europe and East Asia - with the exception of Italy, southern France, Spain and the warm and humid regions of south-east China. phys.org
• As the decade progresses, Italy, France and Portugal will see a significant increase in blade decommissioning, potentially doubling the annual volume to 52,000 t by 2030. Irish Farmers Journal
• The United Kingdom, France and Italy are all expected to see growth of 1 pc or less in 2024, while Spain's economy is forecast to fare slightly better, growing by 1.5 pc. DAWN.COM
• Ireland is competing against eight other member states, including France, Spain, Germany and Italy to host the agency, which would create an expected 400 jobs. RTE
• In Meloni's vision, Italy could become an energy hub in the southern Mediterranean, collecting energy via pipeline from Africa and distributing it across Europe. Politico
• Officials at the European Space Agency forecast a budget of €1.75bn (£1.5bn; $1.9bn), with additional contributions coming from member states including Germany, France, Italy, the UK, the Netherlands and Switzerland. BBC News
• The contribution to GDP growth that comes from international trade is modest and, although it is a source of strength for the Italian economy, it is not expected to provide a strong stimulus to economic growth. Deloitte Insights
• As we anticipate 2024 trends, we can already see a clear consumer preference for hybrid vehicles, comprising 1.5 million new vehicle registrations in Germany, France, and Italy. Smartcar Blog
• If we resort to state aid, it's evident that Germany, France or Italy being historically inclined, will utilize the most state aid, and smaller states like Sweden, Malta, and Finland will inevitably struggle to compete. Portfolio.hu
• Spending in the five major European countries (France, Italy, Germany, Spain and the UK) is expected to increase by $70 billion through 2028, driven by new brands. DCAT Value Chain Insights
• The UK's fleet of Astute class submarines will total seven by the end of the decade and the Italian Todaro class submarines eight. Report News Agency
• Amazon already has a fleet of Prime Air drones and by the end of 2024, new drones will replace the drones currently used to deliver in the US They will also be deployed in a new, third US state and in soon-to-be-revealed destinations in Italy and the UK. Yes Punjab - Latest News from Punjab, India & World
• Other key markets - France, Italy and Spain - are expected to see a small increase in demand. World Cement
• Climate change, highlighted by 18% of respondents, may be a non-mover year-on-year at the seventh most prominent perceived risk, but is among the top three business risks in countries such as Brazil, Greece, Italy, Mexico and Turkey. Engineering News
• The used car markets of Austria, Germany, Italy, Spain, Switzerland and the UK can all expect to see values decline in 2024. Autovista24
• Global supermarket chain Carrefour will stop selling PepsiCo products in it stores in France, Belgium, Spain and Italy over price increases for popular items like Doritos, Lay's potato chips, Quaker Oats, Lipton tea and its namesake soda. CBS News
• Front-line healthcare workers from France, Germany, Italy, Spain, the UK, and the US who followed plant-based diets had 73% lower risk of developing a moderate-to-severe case of COVID. Fortune Well
• Routes from Vienna and Innsbruck to Hamburg will be the first to enjoy the new 143 mph capable trains, but they will gradually spread to other routes linking the Austrian capital with Italy, Switzerland, Germany and France by 2025. Yahoo Style
• Supporting Africa's development and the dangers posed by artificial intelligence will be among the key themes for Italy during its one-year presidency of the Group of Seven (G7), which Rome took over at the start of January. Story italian premier meloni curbing migrant arrivals a

Last updated: 09 February 2024