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Elon Musk has requested a meeting with Italy’s President Sergio Mattarella to discuss a $1.5 billion Starlink deal, which faces increasing opposition amid geopolitical tensions. Prime Minister Giorgia Meloni's government is exploring alternatives as domestic political controversy grows, with discussions about a potential partnership with Eutelsat. The situation is complicated by Musk's previous comments on NATO and his criticism of Italian judges, raising concerns about the deal's viability.
Italian minister Adolfo Urso has emphasized that Italy can serve as a "landing base" for India to access the European market, while India can similarly facilitate Italy's entry into Asia. He highlighted the need to enhance the current USD 14 billion annual bilateral trade and strengthen communication between the two nations amid evolving geopolitical dynamics.
BMW's earnings per share plummeted to €0.63 from €4.21 year-on-year, with revenue down 15.74% to €32.41 billion, reflecting ongoing challenges in the automotive sector. The company's stock has also seen a significant decline, trading at €67.26, well below its 52-week high of €115.35. Despite these setbacks, analysts maintain a positive outlook, with Bernstein Research rating BMW as "Outperform" and setting a target price of €86.
The proposed budget maneuver includes a €1,500 bonus for families with low income to spend on private schools, debt relief options for Treasury debts, and a reduction in capital gains tax on cryptocurrency transactions. Additionally, funding for the automotive sector and the revival of the Rdc are also highlighted, with a total of 4,562 amendments filed, of which about 600 are expected to remain.
The proposed amendments to the 2024 budget maneuver include a €1,500 bonus for families with low income attending private schools, the scrapping of penalties on debts owed to the Treasury, and a reduction in capital gains tax on cryptocurrency. Other notable proposals involve a wealth tax to fund healthcare, a minimum wage of €9, and the reintroduction of the Citizenship Income and Pension. Additionally, there are calls for a state monopoly on cannabis and increased resources for the automotive sector.
Argotec has inaugurated its new SpacePark manufacturing facility in Turin, Italy, enhancing its production capabilities for small satellites. The renovated building, originally designed by Oscar Niemeyer, features advanced clean rooms and mission control centers, aiming to produce up to one satellite per week. With plans for U.S. expansion and a focus on in-house subsystem production, Argotec is positioned for growth while maintaining profitability.
Adolfo Urso
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Elon Musk seeks meeting with Italy's president to secure Starlink deal
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avalanche of amendments proposed for 2024 budget maneuver in italy
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15:03 21.10.2024
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