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Italy Business News Wire: Press Releases

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Press releases published on May 26, 2025

Trump Grants Extension on EU Tariff Deadline

Trump Grants Extension on EU Tariff Deadline

(MENAFN) United States Leader Donald Trump consented to prolong the deadline for imposing a 50 percent tariff on European Union products until July 9, following a phone conversation with European Commission President Ursula von der Leyen. Trump announced …

Musk declares ‘back to 24/7’ work

Musk declares ‘back to 24/7’ work

(MENAFN) Elon Musk has announced he is returning to full-time focus on his business endeavors, reaffirming an earlier decision to step away from political involvement and his role in President Donald Trump’s administration. The billionaire entrepreneur, …

Israel stations land soldiers, weaponized units in Gaza

Israel stations land soldiers, weaponized units in Gaza

(MENAFN) The Israeli military has stationed the standard land soldiers and weaponized units inside Gaza as part of a military escalation after deciding to increase a land attack in the zone which is experiencing ethnic cleansing. An Israel's broadcasting …

German politician pushes for discussions on restoring Nord Stream

German politician pushes for discussions on restoring Nord Stream

(MENAFN) Michael Kretschmer, the prime minister of Germany’s Saxony state and a deputy leader of the Christian Democratic Union (CDU), has called for a shift in Berlin’s stance toward Moscow — including potential discussions on reviving the Nord Stream gas …

Media reports German e-mobility association declares bankruptcy

Media reports German e-mobility association declares bankruptcy

(MENAFN) The German Federal eMobility Association (BEM), which represents around 450 companies involved in electric vehicle production, has filed for bankruptcy, Die Welt reported on Sunday, citing court documents. The group includes global players such as …

Russia, Ukraine conclude biggest ever POW exchange

Russia, Ukraine conclude biggest ever POW exchange

(MENAFN) Russia and Ukraine have completed their largest-ever prisoner exchange, returning 303 military personnel from each side, according to the Russian Defense Ministry. The operation followed direct negotiations held in Türkiye earlier this month. In a …

Top Russian MP instructs Durov to leave France

Top Russian MP instructs Durov to leave France

(MENAFN) A top Russian lawmaker has advised Telegram founder Pavel Durov to leave France immediately, citing serious risks to his freedom after Durov accused French intelligence of trying to manipulate political content on the platform. Earlier in May, …

Denmark, EU Express Readiness to Defend Trade Interests

Denmark, EU Express Readiness to Defend Trade Interests

(MENAFN) Denmark has expressed its readiness to safeguard its economic priorities if tensions escalate into a trade conflict with the United States. On Friday, Danish Foreign Minister Lars Løkke Rasmussen stated that the country, along with the European …

Trump Criticizes Putin, Zelensky Amid Russia-Ukraine Drone Strikes

Trump Criticizes Putin, Zelensky Amid Russia-Ukraine Drone Strikes

(MENAFN) On Sunday, U.S. President Donald Trump launched pointed criticisms at both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky amid intensifying conflict marked by large-scale missile and drone strikes. Speaking to …

Study indicates Trump’s tariff threat possibly to cost Germany USD215 billion

Study indicates Trump’s tariff threat possibly to cost Germany USD215 billion

(MENAFN) Germany could suffer economic losses of up to €200 billion by the end of 2028 if former U.S. President Donald Trump’s proposed 50% tariffs on EU goods are implemented and maintained throughout his potential second term, according to a study …

Top official states ‘Africa will not be held hostage by the pain of its past’

Top official states ‘Africa will not be held hostage by the pain of its past’

(MENAFN) A special conference commemorating Africa Day was held at the African Union (AU) headquarters in Addis Ababa, Ethiopia, on Saturday, marking the 62nd anniversary of the founding of the Organization of African Unity (OAU), now known as the AU. …

Media reports Amazon tribe takes legal action against NYT over ‘porn addicts’ allegation

Media reports Amazon tribe takes legal action against NYT over ‘porn addicts’ allegation

(MENAFN) The Marubo, an indigenous tribe from Brazil’s remote Javari Valley, have filed a defamation lawsuit against the New York Times, TMZ, and Yahoo News over reports suggesting the tribe became addicted to pornography after gaining internet access, …

Ruling Coalition Secures Victory in Venezuela’s Elections

Ruling Coalition Secures Victory in Venezuela’s Elections

(MENAFN) The political alliance headed by Leader Nicolas Maduro, known as the Great Patriotic Pole (GPP), emerged as the clear victor in Venezuela’s general and regional elections conducted on Sunday. Preliminary figures released by the National Electoral …

EU plans on reinstating import quotas on agricultural products from Ukraine

EU plans on reinstating import quotas on agricultural products from Ukraine

(MENAFN) The European Union has decided to reinstate import quotas on agricultural products from Ukraine, according to European Commission spokesperson Balazs Ujvari, as reported by Euractiv. This move comes as the current duty-free trade arrangement is …

Ukrainian assault demolishes Russian church dome

Ukrainian assault demolishes Russian church dome

(MENAFN) A Ukrainian drone strike destroyed the dome of St. Nicholas Cathedral in the village of Yepifan, located in Russia's Tula Region, during a large-scale UAV assault overnight, regional governor Dmitry Milyaev confirmed on Sunday. According to …

Trial for Former South Korean Military Officers Begins Next Week

Trial for Former South Korean Military Officers Begins Next Week

(MENAFN) A military tribunal in South Korea is scheduled to commence the trial of seven ex-military officers next week, accused of participating in ex-President Yoon Suk Yeol's unsuccessful attempt to impose martial law last December, the military …

Trump assures US ‘learning’ from Ukraine war

Trump assures US ‘learning’ from Ukraine war

(MENAFN) President Donald Trump told graduates at West Point Military Academy on Saturday that the U.S. is closely observing the Ukraine conflict to understand emerging trends in modern warfare, particularly the use of drones. Highlighting the importance …

Linda McMahon Faces Pushback Over Budget Cuts

Linda McMahon Faces Pushback Over Budget Cuts

(MENAFN) US Education Secretary Linda McMahon encountered strong opposition from Democratic lawmakers on Wednesday regarding her proposal to reduce the agency's budget. "We're putting forward a budget request that reduces department funding by more than …

ASEAN Summit Commences in Kuala Lumpur, Malaysia

ASEAN Summit Commences in Kuala Lumpur, Malaysia

(MENAFN) The 46th ASEAN Summit commenced Monday in Kuala Lumpur, Malaysia, drawing leaders from Southeast Asia to address pressing regional and international challenges such as US tariff policies, the ongoing Myanmar conflict, and territorial disputes in …

South Korea’s Presidential Contest Narrows

South Korea’s Presidential Contest Narrows

(MENAFN) The presidential race in South Korea has become more competitive, with the distance between the leading candidates shrinking, according to the most recent survey released on Monday. The Democratic Party (DP) nominee, Lee Jae-myung, continues to …

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