Cost-of-Pizza Shock Hits Italy as Surge Far Outstrips Inflation
Synopsis by Bloomberg Jan 28 23
New Bloomberg index shows soaring prices for ingredientsRead full article 
Bloomberg: Cost-of-Pizza Shock Hits Italy as Surge Far Outstrips Inflation
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| Last Updated | Jan 28 23 |
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"Armenian" Pizza With Spiced Lamb Sausage, Armenian String Cheese, and Sumac
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Quick Glance: Arrests for Alleged Fraud with EU Funds in Italy
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- The suspects applied for funds from the PNRR for fictitious companies.
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- The recovery program aims to aid EU countries post-pandemic.
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- The initiative is led by the Catholic charity and advocacy group Community of Sant'Egidio.
- The migrant workers will be selected, recruited, and trained by Sant'Egidio staff in their home countries before moving to Italy.
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- Letta presented his report on the internal market to the EU-27 in Brussels, highlighting that only a minority of companies and citizens in Europe fully benefit from the internal market, leading to the EU lagging behind the US and China.
- European companies underutilize economies of scale in sectors like energy, telecoms, and financial markets within the internal market. The market fragmentation hinders growth and competitiveness against global counterparts.
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- To address the accusations against Sigamoney, the State summoned five witnesses from the SAPS and South African Social Security Agency (Sassa).
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Quick Glance: Italy Considers Tougher Penalties for AI-related Crimes
- Italy's government is considering tougher penalties for crimes using Artificial Intelligence (AI) tools such as market rigging and money laundering, according to a draft law bill seen by Reuters on Tuesday.
- The draft stipulates that the use of AI tools for market rigging and money laundering is an aggravating factor, setting fines for copyright violations through AI and a jail term of up to three years for those using such tools to replace others, potentially targeting harmful deepfakes.
- Italian Prime Minister Giorgia Meloni has stated that AI will be a key issue during the 2024 presidency, culminating in a leaders' summit in June.
- Italy's cabinet is expected to give initial approval to the bill by the end of April, with further revisions and final approval through parliament before it becomes effective.
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Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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G7 pledges swift aid for Ukraine, seeks to calm Middle East: CAPRI, Italy, April 19 (Reuters) - Group of Seven (G7) major powers pledged on Friday to bolster ...
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G7 leaders to discuss Iranian attack on Israel - report: Italy reportedly called for a video meeting between the Group of Seven following Iran's drone and ...
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Summer weather in Germany in April: too good to be good: What feels nice for the moment is actually extreme. The weather shows how acute the situation is: ...
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Gesture dispute in Italy: making a statement for once: This is probably only possible in Italy: two Romans argue at length and in detail - without hearing a ...
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An oral history of the black-and-white 'Supernatural' episode 'Monster Movie': Is there garlic on this pizza? More than 15 years after it first aired ...
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Court ruling in Italy: Armani subcontractor exploits workers: In Italy, Chinese migrant workers work for starvation wages, and large fashion companies apparently ...
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Quick Glance: Italian Police Uncover Exploitation in Giorgio Armani Supply Chain
- Exploited Chinese workers in Italy by an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house, according to Italian police.
- The company denied wrongdoing, stating that control and prevention measures to minimize abuses in the supply chain were in place.
- Police revealed a system of illegal intermediation and exploitation of workers, primarily associated with the agricultural sector.
- Investigation into the fashion supply chain in Milan and Bergamo led to the closure of factories with unhealthy working conditions and safety violations, along with fines for the Chinese owners.
European shares rebound from one-month low; ECB rate verdict up next: European shares staged a recovery after a knee-jerk reaction to a high U.S ...
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Italy's new "digital nomad" visa is now open for applicants: Italy's digital nomad visa went into effect last week, aimed at highly skilled remote workers ...
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Italy ready to send peacekeeping troops in event of Palestinian State formation: Italy is considering deploying its peacekeeping forces as part of its strategies ...
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In Italy, a far-right MP wants to take over the country's second-largest press agency
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Italy celebrates 60 years of Nutella: Nutella, a Made in Italy icon, turns 60.
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Accident in Italy: Several dead in explosion at reservoir: A fatal accident has occurred at a hydroelectric power station between Bologna and Florence ...
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Beyond boycotts at the Venice Biennale: This week’s responses to the Israel-Hamas war remind us that art is rarely apolitical
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'Go for it': The expert view on Italy's digital nomad visa: After Italy introduced its long-awaited digital nomad visa this month, The Local spoke to Italian ...
thelocal.it/20240416/go-for-it-the-expert-view-on-italys-digital-nomad-visa
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- Italy finally approved its much-anticipated digital nomad visa, sparking excitement among remote workers.
- The application process takes about a month on average, with consulates processing applications quicker than the legal timeframe.
- After five years of continuous residency, one can apply for permanent Italian residency on this visa.
- Changes in tax residency rules in Italy mean having an Italian bank account is not necessary.
Migration crisis: what the EU asylum reform is about: The right to asylum has been debated for years - Now the EU wants to vote on reform ...
zdf.de/nachrichten/politik/ausland/asylreform-eu-fluechtlinge-aussengrenzen-migration-100.html
“C’è ancora domani”: Italy loves this film more than “Barbie”: The director and leading actress Paola Cortellesi tells of poverty, violence and machismo in her ...
tagesanzeiger.ch/ce-ancora-domani-italien-liebt-diesen-film-mehr-als-barbie-991451167673
Volcano in Italy: Etna blows out curls of smoke
rp-online.de/panorama/ausland/aetna-mal-anders-vulkan-pustet-rauchkringel-aus_aid-110246233
Quick Glance: Rare Sight: Volcanoes Emit Smoke Rings
- Images and videos from the past few days show Europe’s tallest active volcano, Mount Etna, blowing out near-perfect circular smoke rings into the Sicilian sky.
- The smoke rings are coming from a small vent on Mount Etna’s southeast crater and are caused by the constant release of gases.
- These volcanic smoke rings are extremely rare, formed when gas bubbles are pushed through the narrow central part of volcanic conduits and then wrap around themselves to be propelled hundreds of meters into the air.
- An ash cloud from Mount Etna's eruption in August last year resulted in flight cancellations, delays, and diversions, impacting millions during the holiday season.
Italy's state museums free for Liberation Day on 25 April: Festa della Liberazione is a public holiday in Italy.
Italy will open its state museums and ...
wantedinrome.com/news/italy-state-museums-free-for-liberation-day-on-25-april.html
Mallorca: 3 Italians are said to have raped a Brazilian woman: Once again, a woman is said to have been raped by several tourists in Mallorca ...
rp-online.de/leben/reisen/mallorca/mallorca-3-italiener-sollen-brasilianerin-vergewaltigt-haben_aid-110381043
Italy PM Meloni visits Tunisia for migration talks: TUNIS: Italian Prime Minister Giorgia Meloni met with officials in Tunis Wednesday to discuss what she called ...
arabnews.com/node/2494841/world
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