Brussels is set to issue a formal warning to Rome over concerns that Italy's far-reaching "golden power" rules may breach European Union law, the Financial Times said on Friday, citing two European officials.
The newspaper reported that Brussels was poised to issue a "letter of notice" to Italy, which marks the formal start of an infringement procedure under which Rome will be accused of potentially breaching EU law.
Reuters could not immediately confirm the report. The European Union did not immediately respond to a request for comment on the FT report.
Rome's so-called golden powers are aimed at safeguarding the national interest in strategic sectors such as defence and telecommunications. Italy is one of a number of EU countries which have also applied that legislation to the banking sector.
Reuters reported last month that Italian Economy Minister Giancarlo Giorgetti planned to seek clarification from the EU's financial services chief Maria Luis Albuquerque over disciplinary measures the European Commission is preparing to launch against the Italian legislation.
Reuters also reported in October that the Commission will act against Italy's golden power legislation as part of a push against EU countries hampering bank consolidation in Europe.
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh ...
The United States has removed Francesca Albanese, a United Nations expert on the Palestinian territories, from its sanctions list, according to the...
Israeli police have come under criticism after footage showed activists from a Gaza-bound aid flotilla kneeling on the ground with their hands tied...
Chinese President Xi Jinping and Russian President Vladimir Putin met in Beijing on Wednesday, showing close politica...
Britain has struck a major trade agreement with the Gulf Cooperation Council (GCC), expected to be worth around £3.7 billion ($4.96 billion) ...
The pneultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
The United States has removed Francesca Albanese, a United Nations expert on the Palestinian territories, from its sanctions list, according to the U.S. Treasury Department website.
Israeli police have come under criticism after footage showed activists from a Gaza-bound aid flotilla kneeling on the ground with their hands tied behind their backs following their detention by Israeli forces.
Chinese President Xi Jinping and Russian President Vladimir Putin met in Beijing on Wednesday, showing close political alignment even though key economic deals were not finalised.
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialogue and advancing cooperation in urban development. Organisers say there are nearly 3 billion people globally who face some form of housing inadequacy.
Azerbaijan and Georgia have agreed to resume daily passenger train services on the Baku-Tbilisi-Baku route from 26 May, 2026, marking a major step in restoring regional rail connectivity after services were suspended in 2020 due to the COVID-19 pandemic.
Day four of the World Urban Forum (WUF) in Baku brings a packed agenda on sustainable cities and the global housing crisis, with sessions on green housing, smart cities, public spaces and urban rights taking place on Wednesday (20 May) at Baku Olympic Stadium in Azerbaijan.
At least 21 people have been killed and thousands evacuated after torrential rain triggered flooding, landslides and transport disruption across southern and central China, with authorities warning that more heavy rainfall is expected along the Yangtze River.
Russia’s ambassador to the United Nations Vasily Nebenzya warned on Tuesday (19 May) that Moscow could retaliate against Baltic states if Ukraine launches military drones from that region. Latvia, the United States and Ukraine responded strongly during a UN Security Council meeting.
The United States has removed Francesca Albanese, a United Nations expert on the Palestinian territories, from its sanctions list, according to the U.S. Treasury Department website.
Chinese President Xi Jinping and Russian President Vladimir Putin met in Beijing on Wednesday, showing close political alignment even though key economic deals were not finalised.
Britain has struck a major trade agreement with the Gulf Cooperation Council (GCC), expected to be worth around £3.7 billion ($4.96 billion) a year in the long run.
FormeFormer Cuban President Raúl Castro has been indicted in the United States, according to a senior Trump administration official. The move marks a significant escalation in Washington’s pressure campaign against Cuba’s communist leadership.
The red carpet had barely been rolled up after Donald Trump’s departure before Beijing was laying it out again. Vladimir Putin arrived in the Chinese capital on Wednesday for talks with Xi Jinping, just days after Trump’s own high-profile visit.
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