logo
Italy's Meloni says it's a 'positive' trade deal was reached but needs to see details

Italy's Meloni says it's a 'positive' trade deal was reached but needs to see details

Reuters6 days ago
ROME, July 27 (Reuters) - Italy's Prime Minister Giorgia Meloni said on Sunday it is "positive" a trade deal has been reached between the European Union and the United States, adding, however, that she needs to see the details.
Washington struck a framework trade deal with the EU imposing a 15% import tariff on most EU goods.
"I consider it positive that there is an agreement, but if I don't see the details I am not able to judge it in the best way," Meloni told journalists on the sidelines of a meeting in Addis Ababa.
Italy is one of the biggest European exporters to the U.S., with a trade surplus of more than 40 billion euros.
The Italian government, led by a nationalist coalition, had urged its European partners to avoid a direct clash between the two sides of the Atlantic.
In a statement, Meloni said that the agreement "ensures stability", adding that the 15% "is sustainable, especially if this percentage is not added to previous duties, as was originally planned."
"We are ready to activate support measures at the national level, but we ask that they also be activated at the European level for sectors that will be particularly affected by US tariff measures," she added.
The statement was also signed by the leaders of the other two coalition parties: Antonio Tajani of Forza Italia and Matteo Salvini of the League.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Home sales crater to 13-year low... and realtors warn the next step is every American's worst fear
Home sales crater to 13-year low... and realtors warn the next step is every American's worst fear

Daily Mail​

time18 minutes ago

  • Daily Mail​

Home sales crater to 13-year low... and realtors warn the next step is every American's worst fear

America's spring homebuying season just hit its weakest point in over a decade — marking the slowest market since 2012 and sparking fears that a full-blown price collapse could be next. Spring is traditionally the hottest time for pending home sales but that's no longer the case in the in the now struggling US housing market. In 2025, April through June brought the lowest sales in 13 years, according to Redfin. The once-reliable season fizzled as sky-high mortgage rates, stubbornly elevated prices, and growing economic uncertainty pushed buyers to the sidelines. 'People say price solves everything,' Atlanta real estate veteran Glennda Baker told Bloomberg. 'But price doesn't solve uncertainty.' She currently has 21 listings — a personal high — is now urging clients to slash prices to sell. Earlier in the year, analysts hoped the market might rebound as mortgage rates dipped slightly and listing prices softened. But that flicker of optimism has faded. Hesitant buyers, mounting price cuts, and frustrated sellers have left what agents are now calling a 'paralyzed' market — one that, realtors warn, may only revive if sellers start slashing prices in earnest. 'We thought we hit rock bottom but we keep discovering there's more rock bottom to be had,' said Chen Zhao, head of economics research at Redfin. Redfin's findings confirm what brokers across the country already know. Lack of showings, showings, weak offers, and growing desperation among sellers is not helping the market. Some sellers are pulling homes off the market entirely — de-listing their properties because they won't get asking price. Experts predict it's not going to get batter any time soon. 'The outlook for the housing market is dire,' said Thomas Ryan of Capital Economics. 'Affordability is at its worst since the 1980s. Nothing has changed on that front.' The market is playing out differently across the country, though. In the Northeast and Midwest, the scarcity of listings is still keeping home prices high. But in Sun Belt metros like Florida, Texas and Nevada, inventory keeps piling up and sales are plunging. Chen Zhao, the head of economics research for Redfin, says 'more rock bottom to be had' In Las Vegas, active listings have soared more than 38 percent year-over-year, while sales have dropped 15 percent, Redfin reported. 'The fear of missing out has shifted from buyers to sellers,' said Angela O'Hare, a Las Vegas-based agent. 'Sellers who need to sell will make it happen. I had a listing at $950,000. I cut it down to $799,000 and had three offers.' Some luxury enclaves like Narragansett, RI, are starting to show signs of uncertainty. 'We're seeing a lot more price decreases throughout Rhode Island now,' said Johnny Sheil, of Mott & Chace Sotheby's International Realty. 'Uncertainty scares some people.' Experts also warn there's little chance of a dramatic turnaround for the remainder of the summer. Meanwhile, the surplus of homes is so bad in some US metros that it's become a sellers worst nightmare. In one instance, Cape Coral, Florida, has become a place people are desperately trying to escape, with for sale signs popping up on lawns all over town. But no one will touch their properties. Open houses are empty, foreclosure 'boat tours' take locals around to see homes that the bank has repossessed, and half-built homes are left to rot. 'It is one of the worst real estate markets for a seller right now,' local realtor José Echevarria told the Daily Mail. Prices in Cape Coral have been slashed for more than 50 percent of homes over the past two years - more than any other major metro area in the US, he added.

Pope Leo tells hundreds of thousands of young Catholics to build a better world
Pope Leo tells hundreds of thousands of young Catholics to build a better world

Reuters

time18 minutes ago

  • Reuters

Pope Leo tells hundreds of thousands of young Catholics to build a better world

ROME, Aug 2 (Reuters) - Hundreds of thousands of young people filled a vast field on the outskirts of Rome on Saturday to see Pope Leo, in the largest event yet of the new Catholic pontiff's tenure, as part of a special weekend aimed at energizing Catholic youth. Young people from more than 146 countries, some wearing colourful bandanas to ward off the hot summer sun, were pressed against fences in the Tor Vergata field as Leo toured the crowd in his white popemobile in late afternoon. The pope, smiling broadly, waved, offered blessings and occasionally caught small stuffed animals and national flags thrown by the youth as he passed by. "Dear young people ... my prayer for you is that you may persevere in faith, with joy and courage," Leo said in remarks later to the crowd. "Seek justice in order to build a more humane world," he said. "Serve the poor, and so bear witness to the good that we would always like to receive from our neighbours." Many of the youth attending the event with Leo spent all day waiting in the field in heat approaching 30 degrees Celsius (86°F) to see the pope. Organizers were using water cannons to help cool down people in the crowd. "For me, it is an incredible emotion because I had never been to an event like this before," said Maya Remorini, from Italy's Tuscany region. She said her group had arrived around 5 a.m. that morning. Many of the youth are expected to sleep in the field overnight, waiting for a second chance to see Leo on Sunday morning, when the pope is due to celebrate a Catholic mass. The weekend events are tied to the ongoing Catholic Holy Year, which the Vatican says has attracted some 17 million pilgrims to Rome since it started at the end of 2024. Leo, the first U.S.-born pope, was elected on May 8 by the world's cardinals to replace the late Pope Francis.

IAEA reports hearing explosions, sees smoke near Ukraine's Zaporizhzhia nuclear plant
IAEA reports hearing explosions, sees smoke near Ukraine's Zaporizhzhia nuclear plant

Reuters

time18 minutes ago

  • Reuters

IAEA reports hearing explosions, sees smoke near Ukraine's Zaporizhzhia nuclear plant

Aug 2 (Reuters) - The International Atomic Energy Agency (IAEA) said on Saturday that its team at Ukraine's Zaporizhzhia Nuclear Power Plant (ZNPP) heard explosions and saw smoke coming from a nearby location. The nuclear plant said one of its auxiliary facilities was attacked today, IAEA said in a statement. "The auxiliary facility is located 1,200 metres from the ZNPP's site perimeter and the IAEA team could still see smoke from that direction in the afternoon," the nuclear watchdog said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store