** Italy’s Ministry of Enterprises and Made in Italy (Mimit) has revised the tender for the sale of corporate assets belonging to Ilva and Acciaierie d’Italia. In a decisive policy shift, the ministry announced that decarbonizing the Taranto steel plant is no longer optional but a “binding obligation.” Prospective bidders must commit to phasing out coal-powered hot areas “as swiftly as possible,” installing up to three electric furnaces to maintain authorized production capacity, and fully adhering to the new Integrated Environmental Permit (AIA) requirements. The updated terms emphasize accelerated environmental compliance at the contested industrial site.
European Stocks Rally Following Wall Street Opening; Frankfurt Leads Gains
August 7, 2025
European equity markets rose after Wall Street’s opening bell, with Frankfurt’s DAX leading the charge