The governments of Venezuela and Italy agreed on Friday, April 10, to resume bilateral cooperation, following a meeting in Rome between Italy’s Undersecretary of State for Foreign Affairs, Maria Tripodi, and Venezuela’s Deputy Foreign Minister, Oliver Blanco Moros.

This decision was made by Italy after the release of Italian political prisoners held in Venezuela. Tripodi highlighted “the positive evolution of relations, especially in light of the recent release of Italian citizens, which has contributed to reopening a more constructive dialogue between Rome and Caracas.”

Representatives from both countries discussed investment opportunities in the mining sector and the modernization of Venezuela’s industrial sector with the support of Italian small and medium-sized enterprises (SMEs).

Italy, for its part, expressed its “willingness to organize business missions and strengthen judicial cooperation in the fight against organized crime.”

In this regard, Tripodi stated: “Our two countries can embark on a new phase of bilateral relations, based on trust, economic growth, and concrete cooperation.”

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Source: bancaynegocios

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Venezuelan Foreign Minister Yván Gil indicated on Monday, January 12, that he held a telephone conversation with Italian Minister of Foreign Affairs and International Cooperation Antonio Tajani to discuss elevating diplomatic missions to the rank of ambassadors.

 

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Gil noted that since 2019, “the highest-ranking representative of the European country in Caracas has been a chargé d’affaires.” The bilateral work agenda between Venezuela and Italy could lead to positive announcements in the coming days.

For his part, Tajani stated that “the Italian government will elevate the level of its relations with Venezuela and appoint an ambassador following the release of two Italians who had been imprisoned in the South American country.”

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Source: bancaynegocios

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La entrada Venezuela agrees with Italy to elevate diplomatic missions to the rank of ambassadors apareció primero en Bitfinance.

The Vatican announced this Monday, through a statement, the death of Cardinal Jorge Mario Bergoglio, Pope Francis, after an improvement in his health that allowed him to attend to Holy Week events.

The statement, published on Telegram, reads: “Dearest brothers and sisters, it is with profound sorrow that I must announce the death of our Holy Father Francis.”

 

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This was stated by Cardinal Kevin Farrell, adding: “This morning, at 7:35 a.m. (05:35 GMT), the Bishop of Rome, Francis, returned to the Father’s house. His entire life was dedicated to the service of the Lord and His Church.”

More details about this sad news are expected in the coming hours, as well as information about the funeral services to bid farewell to the Supreme Pontiff, who was appointed Pope on March 13, 2013.

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With information from national and international media, social media, and news agencies

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The Italian government, through Economy Minister Giancarlo Giorgetti, announced the reduction in its GDP growth forecast to 0.6 %.

“The forecast is contained in the Public Finance Document, the first text with macroeconomic forecasts for the coming years, the former Economic and Financial Document (DEF), and comes at a very complex time for short- and long-term forecasts.”

In addition to halving the GDP growth forecast from the 1.2 % forecast in October, it was reported that GDP growth will be 0.8 % each year in 2026 and 2027.

Other key figures in the report indicate that the public deficit will public d be 3.3 % in 2025, 2.8 % in 2026, and 2.6 % in 2027. Furthermore, “Italian public debt will be in line with previous forecasts, reaching 136.6 % of GDP in 2025, 137.6 % in 2026, and 137.4 % in 2027, thanks to the liquidation of a controversial incentive program known as the Superbonus.”

The increase in defense spending demanded by NATO allies such as the United States and Italy is in line with the 2 % target.

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Source: investing

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La entrada Italy cuts growth forecast to 0.6 % in 2025 apareció primero en Bitfinance.

The Public Department for Digital Transformation of Italy launched the ITWallet application, under the supervision of the Public Administration, which authorizes citizens to carry digitalized documents such as driving licenses or identification cards.

Through this measure, implemented on December 4, Italians can carry a digital version of the aforementioned documents on their mobile devices. Last October, ITWallet tests were carried out on a group of 50,000 citizens, with satisfactory results.

“This digital wallet will allow people to carry personal identification documents such as ID cards, driver’s licenses, health cards or disability certificates on their mobile phones,” the authorities said.

Any adult will be able to download the Public Administration application, IO, to their phone or other mobile device and access it using the Public Digital Identity System (SPID) or the electronic identity card.

It is estimated that the application will soon be used by some 44.5 million Italians, who will also be able to “receive notifications about tax payments and other bureaucratic obligations.”

With this step, Italy is moving forward in adapting its systems with the “objective of integrating the Italian application into a future European Union digital identity portfolio (EUDI) by 2026.”

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Source: swissinfo

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La entrada Italy launches ITWallet app for citizens’ identification documents apareció primero en Bitfinance.

In 2025 the Italian government will introduce a bill with a view to applying a new tax on profits from private equity and cryptocurrencies.

The Italian deputy finance minister, Maurizio Leo, reported that the tax on profits from cryptocurrencies will rise from 26% to 42%, which is equivalent to an increase of 61.5 %.

It is important to remember that the current rate applied to bitcoin and other digital assets was approved in 2022, included in the Italian Parliament Budget presented by Giorgia Meloni.

At the moment, investors are processing the announcement. They know that the bill must first be presented as part of the 2025 budget; it must be debated in the committees and put to a vote in both chambers.

If this new tax is approved, the signature of the President of Italy and its publication are required before it can be applied.

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This Monday, August 19, the body of British technology entrepreneur Mike Lynch was located in the wreck of the British-flagged yacht Bayesian in Sicily, after the boat capsized off the port of Porticello due to a tornado in the area.

Firefighters found Lynch’s body inside the hull at a depth of 49 meters and are continuing the search for six other tourists of American and British nationality who, according to reports, were trapped in the cabins.

The Italian Coast Guard intervened in this sinking involving a sailboat approximately 50 meters in length that was carrying 22 people; 10 crew and 12 passengers.

In a statement, they reported that they managed to rescue 15 people. “The first castaways, rescued by a ship present in the vicinity, were taken ashore by four Coast Guard boats. According to some media, the body that has been recovered would be that of a member of the crew who worked as a cook and has Canadian nationality, although born on the island of Antigua.”

The wife of Lynch, the 59-year-old British businessman, is among the 15 people rescued after the shipwreck that occurred at 05:00 local time (03:00 GMT on Monday). The cause of the shipwreck would have been a tornado that hit the area and broke the main mast, causing an imbalance that later caused it to sink.

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Source: France24

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Cryptocurrency crimes will be punished in Italy through regulations that establish fines between 5,000 euros and 5 million euros (USD $5,400 and USD $5.4 million).

People who commit crimes “such as insider trading, illegal disclosure of inside information or market manipulation related to digital currencies” will have to pay the high sums established by the authorities.

Italy seeks to implement stricter measures in the crypto market to control the risks linked to digital assets. All within the framework of the new laws of the European Union, the Crypto Asset Markets Law, MiCA.

The draft of new sanctions in Italy establishes that the country’s central bank and the market control body, Consob, will be in charge of implementation.

The new regulations add to independent measures by the Italian government to regulate the crypto industry.

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Source: diariobitcoin

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La entrada Italy to impose fines of USD 5 million for cryptocurrency crimes apareció primero en Bitfinance.

The Austrian fintech Bitpanda has just partnered with the PayPal platform and now allows commission-free withdrawals and deposits in Spain. Operations have been active since February, Thursday 22.

According to Bitpanda’s announcement, the strategy will be extended to other countries, such as Italy, France or Switzerland, to facilitate transactions for fintech clients.

The objective is to expand its offer of payment methods, “which include Apple Pay, SEPA bank transfers, as well as credit and debit cards.”

Mireya Fernández, who was recently named Country Lead of Southern Europe and CEE, has indicated: “including PayPal to the Bitpanda ecosystem as another free deposit option for our users in Spain is another example of our attention and commitment to the experience of the user. Something fundamental to strengthen our leadership in the market. “We are proud to offer our Spanish customers this additional extra of comfort and safety.”

The new payment option for Spaniards, through the association of Bitpanda and PayPal, means speed, simplicity and confidence in each deposit and withdrawal, without commissions.

With this announcement, the platform also announced the increase in the daily credit card limit, which went from 10,000 to 20,000 euros.

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Source: cripto247

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At the end of October, researchers from the Italian Institute of Technology unveiled an unusual invention: the first edible, rechargeable battery, made from elements extracted from almonds, algae and capers.

The invention, which has been nominated by Time magazine as Invention of the Year, is the result of the work of Mario Caironi, a researcher at the Italian Institute of Technology (IIT).

He has a doctorate in Electronic Engineering and has been researching “the electronic properties of food and its derivatives with the aim of developing medical sensors that can be ingested without side effects and that are processed by our body just as food is digested.”

Their work is immersed in research aimed at the development of “edible electronics”, which could contribute to significant advances in medicine.

The prototype of this edible and rechargeable battery has funding from the European Research Council, for 2 million euros, and has received great global attention. To make it digestible, the researcher managed to combine certain elements of nature.

“The battery designed by his team is entirely made with edible components: vitamin B2 or riboflavin – extracted from almonds – acts as an anode and quercetin obtained from capers as a cathode. To increase conductivity, activated carbon is used, sold in pharmacies, while its electrolyte is water-based and the separator that prevents short circuits consists of nori seaweed like those that wrap sushi.” All of this is wrapped in a tube of beeswax “from which two contacts of edible gold emerge, the same one that pastry chefs use for decorations.”

As Caironi explained to the EFE agency, the operation of the prototype is the same as a conventional battery, with its positive and negative poles, integrated into a circuit that transforms chemical energy into electrical energy.

“According to the Italian Institute of Technology (IIT), the promoter of the research, the battery operates at 0.65 V, a voltage low enough not to cause problems to the human body if ingested, and is capable of providing a current of 48 μA for 12 minutes.” This charge is enough, according to the developer engineer, to power devices as small as low-power LEDs.

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Source: thefoodtech

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