UniCredit and Raiffeisenbank are the first banks to take a stand against European Central Bank sanctions on Russia by appealing to the European Court of Justice. Based in Milan, UniCredit argues that the ECB’s demands go beyond its authority and has asked to freeze these requirements. The sanctions put banks
Stellantis, a major car manufacturer in Italy, faced a significant drop in production during the first half of the year, down 25% compared to last year. The decline was especially sharp at plants like Melfi and Mirafiori, where production fell by as much as 63%. Delays in government subsidies for
Archbishop Carlo Maria Viganò, a vocal critic of Pope Francis, has been excommunicated by the Vatican for his defiance and rejection of papal authority. The Vatican’s decision comes after Viganò, once a prominent figure in the Catholic Church and former envoy to the U.S., was found guilty of schism —essentially
Discover the shocking truth behind some of Italy’s luxury handbags: Italian prosecutors have uncovered that major fashion houses like Dior and Armani are using exploited foreign labor to assemble their high-priced products. Court documents reveal that bags sold for thousands of dollars are manufactured for a fraction of the cost
Italian authorities made a shocking discovery when they seized containers marked as wind turbine parts but found disassembled Chinese-made military drones inside, intended for Libya’s General Haftar. These drones, known as Wing Loongs, were intercepted off southern Italy, potentially violating UN arms embargoes on Libya. The incident highlights covert efforts
While GGI analysts suggest the beach wasn’t the intended target, speculating instead that the missiles aimed for critical military sites, the incident has sparked a heated debate. The U.S. denies direct involvement, but evidence points to a complex web of international military cooperation, involving advanced surveillance and guidance systems, potentially
Archbishop Carlo Maria Viganò, once a Vatican envoy in the U.S., finds himself at the center of a gripping Vatican trial this week. Accused of sparking division by challenging Pope Francis and rejecting key Church reforms, Viganò’s journey from outspoken diplomat to polarizing figure has captivated global attention. His bold
The G7 summit, currently unfolding at Borgo Egnazia in Italy, is convened amidst a backdrop of political turmoil. With leaders like Macron, Trudeau, and Biden facing electoral challenges, and far-right movements gaining ground, the summit’s efficacy hangs in the balance. The democratic world desperately needs the G7 to show strong
On the ECB blog, Piero Cipollone intensified his claims that BRICS is “fragmenting” the global monetary system. Cipollone highlighted how countries like China, Iran, and Russia are creating alternative payment systems, disrupting global financial efficiency. The European Central Bank (ECB) official Piero Cipollone, who previously declared that inflation is caused