Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Italian tax police arrested 13 people, including executives of the Italian units of Germany's Siemens and France's Alstom, in an investigation into alleged bribery relating to Milan subway contracts, prosecutors said on Tuesday. Ciara Lee reports
Rome's Circus Maximus, once home to ancient chariot races, is preparing for a new season as an opera house, as the coronavirus pandemic has forced organizers to seek huge venues that allow for social..