Business News

Italy, Russia and France Lead Travel & Entertainment Spending Recovery in G20 Countries

Despite the challenges brought on by COVID-19, there are promising signs in consumer spending – including hard-hit sectors like travel, according to Mastercard Recovery Insights. Today, Mastercard released Recovery Insights: Travel Check-In, the second report in its series focused on the impacts of the pandemic, including emerging trends in travel…

Italy factory activity grows for second month in Aug: PMI

Italian manufacturing activity increased for a second month running in August and at its fastest rate for more than two years, a survey showed on Tuesday, raising hopes for a firm economic rebound following the coronavirus lockdown. The IHS Markit Purchasing Managers' Index (PMI) rose to 53.1 last month from…

Electric Car Sales Rise In Italy In July 2020 As New Incentives Loom

Summer continues with a strong growth trend for the Italian EV market. With the broader car industry now in recovery mode as the coronavirus pandemic falls under control, and ahead of enhanced EV incentives recently passed by Italy’s government, July monthly car sales figures paint a well known picture of…

Jasa Marga plans to issue commercial paper, cut expenditure amid revenue downturn

State-owned toll road operator Jasa Marga plans to issue up to Rp 1 trillion (US$68 million) of commercial paper (SBK) with one-year maturity date to provide additional capital, executives say.  Jasa Marga’s corporate finance head Eka Setia Adrianto on Wednesday said the company was looking for alternative ways to fund…
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