Banking stocks in Europe jumped 1.6%, thereby pushing the pan-European Stoxx 600 Index higher by 1%. During the prior session, European banking stocks plummeted by 3.5% following the announcement of Italy’s new banking tax law.

Futures on the S&P 500 rose 0.3%, while those listed on the Nasdaq 100 advanced by 0.4%. Globally, the MSCI’s broad index of global shares rose by 0.3% while Italy’s FTSE MIB share index surged 2% higher.

The U.S. dollar weakened slightly, with the dollar index slipping by 0.2%, while the U.S. Treasury two-year yield remained flat at 4.758%. Ten-year yields also stayed put at roughly 4.02%.

Oil prices edged higher, with Brent crude futures rising 0.2% to $86.36 per barrel while U.S. West Texas Intermediate crude futures climbed 0.3% to $83.15.

The post European, U.S. Stocks Advance as Concerns Over Italian Bank Tax Cools appeared first on theprimarymarket.com.

A company spokesperson explained that the decisions are “in line with our efforts to focus on markets where we have opportunities for sustainable growth.

CEO Dara Khosrowshahi confirmed that Uber is only looking to invest in markets where it has the ability to emerge as either the largest or the second-largest player.

In Italy, Uber is trailing behind Just Eat and Glovo in the food delivery market, while it lags behind Gett Taxi and Yango in Israel’s taxi and ride-sharing market.

The company confirmed that its decision to withdraw from Italy would affect around 50 Uber employees as well as thousands of couriers and restaurants. Uber makes use of self-employed contractors for its delivery service.

Despite its decision to withdraw from two markets, Uber maintains that its ride-hailing service is booming in Europe, where taxi drivers are increasingly relying upon Uber to supplement their curbside pickup business. Uber’s largest markets in Europe are Britain, France, Spain, and Germany.

The post Uber Confirms Strategic Decisions on Italian and Israeli Markets appeared first on theprimarymarket.com.

“We are ready to reopen ChatGPT on April 30 if there is a willingness on the part of OpenAI to take useful steps. I think there is on the part of the company, let’s see,” Stanzione declared.

Last week, the Italian Data Protection Authority produced a list of demands that OpenAI must meet by April 30 so that the Microsoft-backed company may be permitted to bring ChatGPT back online in Italy.

The Italian watchdog’s concerns about ChatGPT are centered on personal data processing as well as concerns over a suspected breach of privacy rules. Italy became the first Western European country to implement a suspension of ChatGPT’s operations.

EU lawmakers pleaded on Monday for world leaders to hold a summit to discuss ways to control the development of advanced artificial intelligence (AI) systems, with the group expressing concern for the rapid pace of the technology’s development.

The post Italy Considers Lifting ChatGPT Ban if Company Addresses Concerns appeared first on theprimarymarket.com.

Foreign Minister Antonio Tajani voiced Italy’s commitment while meeting with his Tunisian counterpart, Nabil Ammar, who previously spoke of migrants arriving at the Tunisian border from Libya who are seeking economic assistance.

According to reports from the Organization for Economic Cooperation and Development, Tunisia is experiencing its worst economic crisis in a generation, faced with inflation of 11% and growing food scarcity.

Currently, the Tunisian government is negotiating a loan from the IMF in the range of $2 billion to $4 billion as it looks to cope with its budget deficit.

The post Italy Pledges to Assist IMF in Stabilizing Tunisia appeared first on theprimarymarket.com.

Meloni reemphasized her opposition to the European Stability Mechanism (ESM), explaining to her parliament that Italy would not access this facility. She went on to suggest that it be turned into an industrial policy tool.

“If we believe the new ESM regulation is not in the national interest of the country … it should be the time to discuss using it as an instrument of European industrial policy,” the Prime Minister explained, thus echoing the sentiment of industry lobby Confindustria.

Prime Minister Meloni is part of the camp that is critical of the reform, explaining that it would increase the risk of a restructuring of Rome’s mounting national debt. She then pledged that the ESM would not come into effect while she remains prime minister of Italy.

The post Italy Not Ready to Pass Euro Zone Bailout Fund Reform, Prime Minister Reveals appeared first on theprimarymarket.com.

Banking stocks in Europe jumped 1.6%, thereby pushing the pan-European Stoxx 600 Index higher by 1%. During the prior session, European banking stocks plummeted by 3.5% following the announcement of Italy’s new banking tax law.

Futures on the S&P 500 rose 0.3%, while those listed on the Nasdaq 100 advanced by 0.4%. Globally, the MSCI’s broad index of global shares rose by 0.3% while Italy’s FTSE MIB share index surged 2% higher.

The U.S. dollar weakened slightly, with the dollar index slipping by 0.2%, while the U.S. Treasury two-year yield remained flat at 4.758%. Ten-year yields also stayed put at roughly 4.02%.

Oil prices edged higher, with Brent crude futures rising 0.2% to $86.36 per barrel while U.S. West Texas Intermediate crude futures climbed 0.3% to $83.15.

The post European, U.S. Stocks Advance as Concerns Over Italian Bank Tax Cools appeared first on theprimarymarket.com.

A company spokesperson explained that the decisions are “in line with our efforts to focus on markets where we have opportunities for sustainable growth.

CEO Dara Khosrowshahi confirmed that Uber is only looking to invest in markets where it has the ability to emerge as either the largest or the second-largest player.

In Italy, Uber is trailing behind Just Eat and Glovo in the food delivery market, while it lags behind Gett Taxi and Yango in Israel’s taxi and ride-sharing market.

The company confirmed that its decision to withdraw from Italy would affect around 50 Uber employees as well as thousands of couriers and restaurants. Uber makes use of self-employed contractors for its delivery service.

Despite its decision to withdraw from two markets, Uber maintains that its ride-hailing service is booming in Europe, where taxi drivers are increasingly relying upon Uber to supplement their curbside pickup business. Uber’s largest markets in Europe are Britain, France, Spain, and Germany.

The post Uber Confirms Strategic Decisions on Italian and Israeli Markets appeared first on theprimarymarket.com.

“We are ready to reopen ChatGPT on April 30 if there is a willingness on the part of OpenAI to take useful steps. I think there is on the part of the company, let’s see,” Stanzione declared.

Last week, the Italian Data Protection Authority produced a list of demands that OpenAI must meet by April 30 so that the Microsoft-backed company may be permitted to bring ChatGPT back online in Italy.

The Italian watchdog’s concerns about ChatGPT are centered on personal data processing as well as concerns over a suspected breach of privacy rules. Italy became the first Western European country to implement a suspension of ChatGPT’s operations.

EU lawmakers pleaded on Monday for world leaders to hold a summit to discuss ways to control the development of advanced artificial intelligence (AI) systems, with the group expressing concern for the rapid pace of the technology’s development.

The post Italy Considers Lifting ChatGPT Ban if Company Addresses Concerns appeared first on theprimarymarket.com.

Foreign Minister Antonio Tajani voiced Italy’s commitment while meeting with his Tunisian counterpart, Nabil Ammar, who previously spoke of migrants arriving at the Tunisian border from Libya who are seeking economic assistance.

According to reports from the Organization for Economic Cooperation and Development, Tunisia is experiencing its worst economic crisis in a generation, faced with inflation of 11% and growing food scarcity.

Currently, the Tunisian government is negotiating a loan from the IMF in the range of $2 billion to $4 billion as it looks to cope with its budget deficit.

The post Italy Pledges to Assist IMF in Stabilizing Tunisia appeared first on theprimarymarket.com.

Meloni reemphasized her opposition to the European Stability Mechanism (ESM), explaining to her parliament that Italy would not access this facility. She went on to suggest that it be turned into an industrial policy tool.

“If we believe the new ESM regulation is not in the national interest of the country … it should be the time to discuss using it as an instrument of European industrial policy,” the Prime Minister explained, thus echoing the sentiment of industry lobby Confindustria.

Prime Minister Meloni is part of the camp that is critical of the reform, explaining that it would increase the risk of a restructuring of Rome’s mounting national debt. She then pledged that the ESM would not come into effect while she remains prime minister of Italy.

The post Italy Not Ready to Pass Euro Zone Bailout Fund Reform, Prime Minister Reveals appeared first on theprimarymarket.com.