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Italy

Reuters | Equities.com |

Amazon will open two new logistics centers in Italy this year, investing over 230 million euros ($278 million), the world’s largest online retailer said on Monday.

With the two new hubs- a distribution center in the north-western city of Novara and a fulfillment center close to the city of Modena - Amazon will create 1,100 new jobs in the coming three years.


Reuters | Equities.com |

Italian fashion group Prada said on Tuesday that it would close 2020 with an operating profit despite the hit from the coronavirus crisis, after revenues and profitability improved markedly in the second half of the year.

The Milanese luxury brand said it had decided to provide the unscheduled business update, before disclosing full-year results in March, due to the extraordinary situation and uncertainty created by the COVID-19 pandemic.

The fallout from the COVID-19 crisis triggered a 40% decline in Prada’s revenues at constant currencies in the first half of the year leading to a 196 million euros operating loss ($240.5 million).


AP News | Equities.com |

Italy’s competition watchdog has launched an investigation into Apple, Google and Dropbox over their cloud storage services.

The competition and market authority said Monday it has opened a total of six investigations into Apple iCloud, Google Drive and Dropbox’s online storage service in response to complaints about unfair commercial practices and violations of the country’s consumer rights directive. In one case, it’s also looking into “vexatious clauses” in a c...