Italy (6do encyclopedia)230511



Italy, officially known as the Italian Republic, is a country located on the southern coastal region of Europe. It is home to more than 60 million people, making it the 23rd most populous country in the world.

Geography
Italy is a boot-shaped peninsula that extends into the Mediterranean Sea, surrounded by several islands, including Sicily, Sardinia, and Elba. The country shares land borders with France, Switzerland, Austria, and Slovenia, and also shares maritime borders with Malta, Tunisia, and Albania.

The landscape of Italy is diverse, with both mountain ranges and plains. The highest peak is Mont Blanc, located on the border with France, which stands at 4,810 meters (15,781 ft) above sea level.

Climate
Italy has a mostly Mediterranean-type climate characterized by hot summers and mild winters, except in the north where the climate is more continental. The Alps and other mountain ranges influence the climate greatly, with snowfall in the winter and cool temperatures in the summer.

Culture
Italy has a rich and unique culture that is reflected in its art, architecture, cuisine, music, and fashion. It has been home to some of the greatest artists, philosophers, leaders, and inventors in history, including Leonardo da Vinci, Michelangelo, Galileo Galilei, Julius Caesar, and Enrico Fermi.

Italian cuisine is world-renowned for its variety and flavor, with dishes like pizza, pasta, and gelato gaining popularity all over the globe. Italian fashion is known for its elegance and luxury, with Italian brands like Gucci, Prada, and Versace being some of the most prestigious in the world.

History
Italy has a long and rich history dating back to the Roman Empire, which was one of the largest and most powerful empires in the world. Throughout the centuries, Italy has been at the forefront of culture, science, and politics, as well as at the center of many wars and conflicts.

In 1861, Italy became a united country, marking the end of hundreds of years of division and conflict among its former kingdoms and city-states. During World War II, Italy was a key axis power and played a major role in the European theater of operations.

Today, Italy is a member of the European Union and the G7, and plays an important role in global politics and economics. It also remains an important cultural center, attracting millions of tourists every year to its beautiful cities and landmarks.

Politics
Italy is a democratic republic, with the President serving as the head of state and the Prime Minister serving as the head of government. The Italian parliament has two houses - the Chamber of Deputies and the Senate.

Italy’s political system has often been criticized for being unstable and marked by corruption. Nevertheless, the country has made significant progress in recent years in terms of economic growth and political stability.

Economy
Italy has the third-largest economy in the Eurozone, with a GDP of over 2 trillion euros. It is well-known for its fashion and design industries, as well as its automotive industries, which include such brands as Ferrari, Lamborghini, and Maserati.

Tourism also plays an important role in the Italian economy, with millions of visitors each year flocking to popular destinations like Rome, Venice, and Florence. Agriculture also plays a significant role in the economy, with Italy being the world’s largest producer of wine.

Conclusion
In conclusion, Italy is a beautiful and culturally rich country with a long and complex history. It boasts an impressive legacy of art, architecture, cuisine, and fashion, and is home to many of the world’s most recognized landmarks and tourist destinations. Despite its political and economic challenges, Italy remains an important global player with much to offer the world in terms of culture, creativity, and innovation.


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US fiscal alarm bells are drowning out a deeper problem

Financial Times

23-05-11 17:19


The US federal budget has worsened with underlying government revenues down 10% in the first seven months of fiscal year 2023 and spending up 12%, according to the Congressional Budget Office. The federal budget deficit is over three times larger year on year due to expenditure rises in almost all federal budget areas, the CBO warns. This weak performance reflects lower realised capital gains than expected, the US Federal Reserve's quantitative easing programme transformation and the possibility that the economic recovery was not quite as strong as initial statistics showed.

https://www.ft.com/content/8f671cc5-2e9e-4ad5-ab0a-61b8f4048619
Italian utility A2A raises 2023 guidance after solid Q1

Reuters

23-05-11 17:08


A2A, Italy's largest regional utility, has raised its full-year guidance after posting a 30% rise in Q1 core profit. The company now expects earnings before interest, tax, depreciation, and amortisation between €1.64bn and €1.68bn, up from €1.60bn to €1.64bn. A2A also increased its net profit target to between €390m and €410m. Previously it had expected net income of between €380m to €390m. A2A's EBITDA for Q1 2017 was €500m.

https://www.reuters.com/business/energy/italian-utility-a2a-raises-2023-guidance-after-solid-q1-2023-05-11/
Italian pasta prices are soaring. Rome is in crisis talks with producers

CNN

23-05-11 17:07


The Italian government has held emergency talks with pasta producers, consumer rights groups and lawmakers after pasta prices soared 17.5% in March - double the rate of the country's broader measure of consumer price inflation. The rising prices are leading to concerns over the future of the beloved and culturally important food. Despite this, Italy's biggest farmers association, Coldiretti, said that the higher retail prices had not translated into higher revenues for farmers of durum wheat, who were struggling to meet their own costs.

https://edition.cnn.com/2023/05/11/business/italian-pasta-price-rises/index.html
Prosecutor: International Criminal Court issues 4 arrest warrants for alleged crimes in Libya

The Toronto Star

23-05-11 16:44


The International Criminal Court has issued four new arrest warrants related to alleged war crimes and crimes against humanity in Libya. Prosecutor Karim Khan stated that he had also applied for two further warrants, and characterized this as "an important step in the rights of victims and survivors" but only the first step. The Security Council referred Libya to the ICC in February 2011 to investigate the same class of crimes after Moammar Gadhafi's brutal crackdown in the country. Rival governments, militias, and foreign powers continue to exert power across the country.

https://www.thestar.com/news/world/2023/05/11/prosecutor-international-criminal-court-issues-4-arrest-warrants-for-alleged-crimes-in-libya.html
Looking for the best brunch in Toronto? The competition is getting fierce

The Toronto Star

23-05-11 16:30


Restaurants in Toronto have noticed a surge in brunch bookings as the COVID-19 pandemic restrictions are lifted. Diners have longed to socialize, and brunch is popular as it is seen as an event. Many eateries cut their opening hours due to the coronavirus, which meant brunch was one of the last meal services to return. Kiin Café had to halt its brunch service because it did not have enough team members in the kitchen. However, because restrictions have eased, the cafe has now launched its program featuring daily Thai brunch service that goes beyond the familiar frittatas and French toast.

https://www.thestar.com/life/food_wine/restaurants/2023/05/11/looking-for-the-best-brunch-in-toronto-the-competition-is-getting-fierce.html