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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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    Top Stories

    Posted By maria gbaf

    Posted on December 30, 2021

    Featured image for article about Top Stories

    ROME (Reuters) – Italian restaurant and club owners are seeking urgent government support due to increased cancellations prompted by a surge in coronavirus infections, they said in a statement on Wednesday.

    Business group Fipe-Confcommercio said the growing number of cases and the quarantine rules imposed on close contacts of COVID-19 sufferers had prompted 25%-30% cancellations in New Year’s Eve dinner bookings.

    “December … which alone accounts for 10% of restaurant revenues, is largely compromised,” they said, asking the government to extend a COVID-19 debt moratorium and a lay-off compensation scheme for workers.

    Daily cases have soared this week, peaking at a record high 78,313 on Tuesday as the highly contagious Omicron variant spreads.

    Prime Minister Mario Draghi has tightened COVID-19 rules for the holiday period, banning concerts and open-air events and shutting down discos until Jan. 31.

    “Discos and clubs have literally been wrecked without any prior notice,” Confcommercio said.

    The virus is ravaging several sectors of public life, including theatres. Milan’s La Scala opera house was forced to cancel a ballet scheduled for this week due to growing infections among the dancers.

    Italy has also imposed restrictions on travellers, including on those inside the European Union who need to take a coronavirus test before departure, a move that provoked the ire of tour operators and hotel owners.

    Tourism minister Massimo Garavaglia said in a statement he agrees with the concerns about the lay-off scheme and urged the labour ministry to act quickly.

    “The spread of the new variant risks causing social damage, along with harming revenues,” he said.

    (Reporting by Angelo Amante; Editing by Nick Macfie)

    ROME (Reuters) – Italian restaurant and club owners are seeking urgent government support due to increased cancellations prompted by a surge in coronavirus infections, they said in a statement on Wednesday.

    Business group Fipe-Confcommercio said the growing number of cases and the quarantine rules imposed on close contacts of COVID-19 sufferers had prompted 25%-30% cancellations in New Year’s Eve dinner bookings.

    “December … which alone accounts for 10% of restaurant revenues, is largely compromised,” they said, asking the government to extend a COVID-19 debt moratorium and a lay-off compensation scheme for workers.

    Daily cases have soared this week, peaking at a record high 78,313 on Tuesday as the highly contagious Omicron variant spreads.

    Prime Minister Mario Draghi has tightened COVID-19 rules for the holiday period, banning concerts and open-air events and shutting down discos until Jan. 31.

    “Discos and clubs have literally been wrecked without any prior notice,” Confcommercio said.

    The virus is ravaging several sectors of public life, including theatres. Milan’s La Scala opera house was forced to cancel a ballet scheduled for this week due to growing infections among the dancers.

    Italy has also imposed restrictions on travellers, including on those inside the European Union who need to take a coronavirus test before departure, a move that provoked the ire of tour operators and hotel owners.

    Tourism minister Massimo Garavaglia said in a statement he agrees with the concerns about the lay-off scheme and urged the labour ministry to act quickly.

    “The spread of the new variant risks causing social damage, along with harming revenues,” he said.

    (Reporting by Angelo Amante; Editing by Nick Macfie)

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