Italian gross domestic product
will contract by around 5% in the first quarter of this year
from the previous three months as the economy is hit by a
lockdown to try to contain the coronavirus, the Bank of Italy
said on Friday.
Italy's banks are wary of legal
risks they could face in lending money under a state guarantee
scheme set up to offset the impact of the coronavirus crisis,
industry sources said, potentially delaying a key measure to
prop up the ailing economy.
Commercial creditors need
to support debt relief for the poorest countries and cannot just
"free ride" on a suspension in debt payments by official
bilateral creditors, World Bank President David Malpass told the
Bank's Development Committee on Friday.
investor Riebeck-Brauerei on Friday filed a motion seeking a
vote to oust the lender's chairman Paul Achleitner at this
year's annual general meeting, according to a document by the
activist shareholder's lawyer.