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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 21, 2025

    Featured image for article about Headlines

    ROME (Reuters) -In Italy, long burdened by slow economic growth, the number of companies using artificial intelligence is limited compared to other European Union countries, according to figures released on Wednesday by national statistics bureau ISTAT.

    In its wide-ranging annual report, ISTAT said that only eight out of 100 Italian enterprises were using AI last year, a lower percentage than the figure for France and Spain, and well below the level of almost 20% in Germany.

    In general, digital know-how in Italy falls short of European targets, ISTAT said.

    Only 45.8% of Italians aged 16-74 had at least basic digital skills in 2023, according to the latest available data, compared to an EU27 average of 55.5% and European targets aiming for 80% by 2030.

    The percentage declines to a low of 36.1% in the economically underdeveloped Mezzogiorno - Italy's six southern regions plus the islands of Sicily and Sardinia.

    Against a challenging economic backdrop, compounded by a deep demographic crisis, a growing number of young educated Italians have decided to try their luck abroad.

    In 2023, 21,000 graduates aged 25-34 left Italy, a 21.2% year-on-year rise, ISTAT said, adding that the net loss of qualified young workers was 97,000 over 10 years.

    Prime Minister Giorgia Meloni's government halved its full-year 2025 growth forecast last month to 0.6% from a 1.2% target set in September, amid mounting uncertainty due to U.S. trade tariff policy.

    In the first quarter the Italian economy grew by 0.3% from the previous three months, based on preliminary data.

    (Reporting by Antonella Cinelli and Alvise Armellini, editing by Keith Weir)

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