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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.

  • [New] Atradius predicts that among advanced economies Italy, the UK, Australia, Finland and Singapore are likely to see the highest growth in insolvencies in 2022, compared to 2019 levels. Global Trade Review (GTR)
  • [New] G20 finance leaders approved a global tax deal on Wednesday calling for the removal of unilateral taxes on digital services, but Italy's economy minister said it could take up to two years to remove the digital tax imposed by Rome. News Primer Media
  • [New] EO4MDA is expected to onboard the e-GEOS platform SEonSE, which merges data from the Italian Space Agency and the Italian Ministry of Defence COSMO-SkyMed constellation. Defence Connect
  • [New] Today, Paris should use the presence of the Draghi government as an opportunity to reach out and tie a solid and lasting partnership that would bring Italy back to the heart of Europe. The Armament Industry European Research Group (Ares Group)
  • [New] In major easing of travel restrictions, Singapore will open travel corridors with the US, UK, France, Italy, the Netherlands, Spain, Canada and Denmark. South China Morning Post
  • [New] The impact from a global semiconductor shortage on Stellantis' Italian production in 2021 will be worse and longer-lasting than the damage to output caused by the COVID-19 pandemic in 2020. Automotive News Europe
  • [New] Some 50 GW of capacity across Western Europe might be at risk by 2030, with projects in Spain (15 GW) and Italy (11 GW) the most exposed to changing costs. S&P Global Platts
  • [New] Through various funding mechanisms, $44bn has been made available for hydrogen projects in Germany, France, Italy, Spain and Portugal up to 2030. Raconteur
  • [New] Russia would be hampered by a shrinking population but still overtake Italy in 2018, France in 2024, the UK in 2027 and Germany in 2028. MoneyWeek
  • [New] Western Europe will post mixed trends: Spain and Italy are likely to see a large recovery of insolvencies by 2022 (5,110 and 10,500 insolvencies, respectively) due to their higher shares of sectors sensitive to Covid-19 restrictions. Euler Hermes
  • [New] Italy, France, Germany and Ireland have already started to administer booster shots and the Netherlands plans to do so soon but only to people who are immuno-suppressed. Reuters
  • [New] The slowest growth rates are expected in Germany, Switzerland and Italy, where annual growth in home appliance ad spend will be no more than 4%. The Drum
  • Italy's government has sought assurances from Stellantis that Italy will remain one of the main countries where it builds cars as the EV shift jeopardizes thousands of manufacturing jobs. Automotive News Europe
  • Goldman Sachs estimated annual growth in Brazil at 3.6%, with its economy overtaking that of Italy by 2025; France by 2031; and the UK and Germany by 2036. MoneyWeek
  • In Western and Northern Europe, e-shopping penetration rates are the highest, while in Eastern and Southern Europe, particularly Spain and Italy, more shoppers are trying online shopping for the first time in a trend we anticipate will stick. Byte Pattern
  • France will have a civil war; Germany and Poland will be attacked by Russia and Russia will attack Italy by taking over the Vatican. 2021
  • The shambles in the Middle East - namely that Israel will be bombed; the Middle East will be at war with Western Europe by invading Spain, France and Italy, where war will break out. 2021
  • The European Union, the United Kingdom, and Italy have urged Russia to commit to net-zero carbon dioxide emissions by 2050 and initiate measures to tackle climate change. Statecraft
  • Thousands of climate campaigners are attending the three-day conference in northern Italy, where youth representatives from more than 190 countries are set to draft proposals for climate action that will be presented to policymakers. NBC News
  • The commercial launch for the new certified organic portfolio is planned for early 2022 and will focus on the high-growth organic markets of Canada, United States, Mexico, Spain and Italy with potential for future expansion based on market demand. Seed World
  • Italy has started giving injections to immunocompromised people, the elderly and healthcare workers at risk or at high risk of infection, targeting a total of around 9 million people. FR24 News English
  • Italy, France, Germany, and Ireland have already started to administer booster shots and the Netherlands plans to do so soon but only to people who are immunosuppressed. BusinessWorld

Last updated: 22 October 2021