Italy

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Tourists are trying to cool off with the help of fountains in the streets in Rome, Italy, on July 21, 2024, as the city is on alert for extreme heat today and tomorrow. (Photo by Massimo Valicchia/NurPhoto via Getty Images)

Lack of solar and wind energy is causing Italy to boost imports of nuclear power from France to chill the summer heatwave

By Eamon Akil Farhat and Bloomberg

July 23, 2024

Crowds of tourists and locals cool off at a crowded El Postiguet Beach

Affordable travel is to blame for Europe’s overtourism problem, spoiling its most sought-after cities like Barcelona, Amsterdam and Athens

By Prarthana Prakash

July 20, 2024

A Christian Dior SE luxury clothing boutique, operated by LVMH Moet Hennessy Louis Vuitton SE, in Paris, France, on Thursday, Jan. 25, 2024. LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group's pricey handbags and Champagne, a sign of resilience at the world's largest luxury conglomerate. Photographer: Benjamin Girette/Bloomberg via Getty Images

Dior and Armani face antitrust probe in Italy over alleged labor exploitation

By Alberto Brambilla and Bloomberg

July 17, 2024

Italian-French eyewear titan EssilorLuxottica snaps up Supreme for $1.5 billion

By Deirdre Hipwell and Bloomberg

July 17, 2024

People clean a 1992 Lamborghini Diablo during the opening day of the Salon Prive Concours d'Elegance at Blenheim Palace in Oxfordshire. The event will see a host of luxury car manufacturers premiere their new models. Picture date: Wednesday August 30, 2023. (Photo by Andrew Matthews/PA Images via Getty Images)

A former Lamborghini exec is reviving the iconic Diablo supercar for €1.35 million

By Hannah Elliott and Bloomberg

July 16, 2024

Italy, Sicily, Taormina, Piazza IX Aprile, dawn light

Three years ago houses in Sicilian villages were auctioned off for just €1. Now these regions have experienced a €100 million revival

By Silvia Marchetti

July 13, 2024

Naviglio Grande canal in Milan city, Italy, a popular tourist area, on dramatic sunset

The U.K. has ‘far more millionaires than it deserves’ and will watch 500,000 flee to the likes of Italy and Spain by 2028, UBS says

July 11, 2024

The Temple of Concordia in the Valley of the Temples, Sicily.

Sicily’s summer drought is so acute this year that it’s drying up lakes and forcing cities to turn away tourists because they don’t have enough water

By Prarthana Prakash

July 10, 2024

crowds of people standing near the Parthenon

Mayor of Athens says tourism in Greece isn’t ‘viable’ anymore as each visitor only adds €0.40 to the economy

By Prarthana Prakash

July 9, 2024

Chief Executive Officer of LVMH, Bernard Arnault.

LVMH billionaire Bernard Arnault enters race to acquire Venice’s iconic Hotel Bauer—with bids rising over €275 million

By Laura Benitez, Angelina Rascouet, Libby Cherry and Bloomberg

July 1, 2024

woman walking amid short trees facing Siena old town

Italy is paying people as much as $32,000 to relocate to its Tuscan mountains as it tries to stabilize dwindling populations there

By Prarthana Prakash

June 28, 2024

John Elkann, CEO of Exor

The Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion

By Sarah Jacob and Bloomberg

June 26, 2024

Carlos Tavares, chief executive officer of Stellantis NV, delivers a speech during 125th anniversary celebrations at the Opel Russelsheim Plant in Russelsheim, Germany.

Stellantis boss blames his ‘arrogance’ for failing to spot 3 mistakes that led to a double-digit sales decline in the U.S.

June 14, 2024

Venice street near St. Marks square

Venice’s ‘tourist tax’ is being labeled a ‘miserable failure’—and the project might not break even this year

May 23, 2024

A woman leaves a Prada store on Madrid's Golden Mile on May 3, 2024, in Madrid, Spain.

Prada CEO rules out big acquisitions: ‘Our homework today is to nurture our brands. I have no news for you’

By Flavia Rotondi and Bloomberg

May 20, 2024

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