Corporate

Ilva remains Italian. After the setback made in recent days by turkish Erdemir Group, the consortium for the rescue of Ilva has always seen eye with a favor from the government, was born. Yesterday the Board of Directors of Cassa Depositi e Prestiti chaired by Claudio Costamagna has been convened in extraordinary session to decide the new action plan the view of the expiry, in less than 36 hours, the deadline for submission of binding offers .

AZ Swiss & Partners, a subsidiary of Swiss Azimuth Group, today signed an agreement to acquire the business operations of Sogenel Capital Holding, including all assets, customers, contracts and agreements, which will create a new division within AZ Swiss. "After several years after our first partnership in Switzerland, and following a major reorganization of the Swiss company, we are happy to announce our first funding operation – Pietro Giuliani, Chairman and CEO of Azimut Holding commented, stating:" The our intention is to become a major operator in Switzerland, attracting private bankers and exporting our partnership model in a rapidly developing market on the legislative and regulatory side. "

Juncker did not hesitate to answer the request of the British car industry free access to European markets despite the exit of the country from the Union, which was reached informally in the morning.

The domestic auto industry success "depends on access to the European single market without restrictions, influence on European legislation to protect the interests of the British automotive industry and the ability to recruit talent from abroad", Mikle Hawes, President of SMMT industry federation, said.

The Volkswagen Group, overwhelmed by the scandal Dieselgate last autumn, would be ready to sign an agreement to compensate the 475,000 buyers of cars sold in the US as a non-polluting.

Terms of the deal, although not known at the time, would cover only part of the cars sold by the German giant; compensation could even be the record for the largest class action in America, reaching up to 15 billion dollars. Of the total figure, he writes the New York Times, 10 billion will be reserved to purchase vehicles at the prices they had before the scandal broke. The compensation offered to the owners of the cars will go instead from $ 5,000 to 10 thousand, depending on the value of the vehicle before last September, which is the time when Volkswagen admitted publicly that his cars designated as "clean".

Brexit could bring to bear its effects already on the next vacation. And for airlines, especially low-cost, the risk of burdening the next half revenues.
The alarm was launched by EasyJet, which expects "that revenue per seat at constant exchange rates, in the second half of the year will fall by at least 5% compared to the second half of 2015". The British airline also said it expected a negative impact of 28 million pounds in profit before tax for the third quarter due to strikes outages, congestion Gatwick and Egyptair tragedy that has caused a decline in demand.

The US authorities have withdrawn a complaint against UBS that saw the bank forced to produce documents relating to certain bank accounts held at its Singapore branch, payable to an American citizen suspected of tax evasion.

Since the institute has found a preliminary agreement with the Internal Revenue Service, the US Justice withdrew the complaint, as announced tonight by the US Department of Justice.

In Germany there are approximately 154 thousand jobs for the refugees who have no particular professional specializations. This is shown by a document of the IAB (Institute for Research in the work), according to which refugees and newly arrived immigrants in the country does not possess qualifications or qualifications could be used to work in the areas of cleaning and construction, where at the moment the demand is estimated at 154 thousand units.

UBS has warned its customers about possible restrictions in the negotiations in relation to the referendum on Brexit. If during tomorrow’s vote should occur extreme swings or difficulty in terms of liquidity the bank may have problems running transactions on its electronic trading platform.

If problems occur, the transactions would be carried out as soon as the situation gets back to normal, UBS says. Other institutions, such as the Dutch ING and the French Societe Generale, have sent similar communications to its customers.