iShares Inc iShares MSCI Italy ETF (ARCA: EWI)

Ultime notizie per iShares Inc iShares MSCI Italy ETF (ARCA:EWI)

iShares Inc iShares MSCI Italy ETF

iShares MSCI Italy Capped Index Fund

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The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer exceeds 25% of the underlying index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the underlying index weight. The fund is non-diversified.

Unicredit Spa

Stellantis N.V.

iShares MSCI Italy ETF

EDINBURGH WORLDWIDE INVES by Edinburgh Worldwide Investment Trust plc

WIIM

Shares of Europe-related ETFs are trading lower after Donald Trump wins the 2024 presidential election.

<a href="https://www.reuters.com/markets/deals/stellantis-course-secure-italian-approval-comau-stake-sale-2024-10-09/" title="https://www.reuters.com/markets/deals/stellantis-course-secure-italian-approval-comau-stake-sale-2024-10-09/">https://www.reuters.com/markets/deals/stellantis-course-secure-italian-approval-comau-stake-sale-2024-10-09/</a>

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'Italy's Cabinet Has Approved Comau Stake Sale By Stellantis With Prescriptions' - Reuters News

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US State Dept Approves Potential Sale Of Torpedoes To India For $175M; Approves Potential Sale Of Electronic Attack Mission System To Italy For $680M; Approves Potential Sale Of Radar System To Romania For $110M

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World Organization For Animal Health Says Hungary And Italy Report Farm Outbreaks Of Highly Pathogenic H5N1 Bird Flu

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Microsoft To Invest €4.3 Billion To Strengthen AI Infrastructure And Cloud Capacity In Italy

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Economics

iShares MSCI Israel Capped Investable Market Index Fund

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White House Says President Biden Spoke To Leaders Of France, Germany, Italy, And United Kingdom To Discuss Middle East, Gaza Ceasefire

<a href="https://www.reuters.com/business/italy-seizes-84-million-euros-gxo-logistics-over-alleged-tax-fraud-2024-07-02/#:~:text=ROME%2C%20July%202%20(Reuters),prosecution%20documents%20showed%20on%20Tuesday.">https://www.reuters.com/business/italy-seizes-84-million-euros-gxo-logistics-over-alleged-tax-fraud-2024-07-02/#:~:text=ROME%2C%20July%202%20(Reuters),prosecution%20documents%20showed%20on%20Tuesday.</a>
Italy's tax police have seized almost 84 million euros ($90 million) from GXO Logistics' <a href="https://www.reuters.com/markets/companies/GXO.N">(GXO.N), opens new tab</a> Italian unit following an investigation into alleged tax fraud, prosecution documents showed on Tuesday.
In a 154-page decree, the Milan Prosecutors' Office accused the U.S. logistics giant of circumventing labour and tax laws, relying on cooperatives or limited liability companies that supplied workers while omitting tax and social security payments.
A GXO spokesperson confirmed the company was under investigation in Milan over its "relationship with certain cooperatives", and was "actively cooperating with the public prosecutor".
"GXO fully complies with all applicable laws (...), has rigorous controls and procedures in place," and directly employs thousands in Italy, representing the majority of its staff in the country, the spokesperson added.
Prosecutors said GXO Italy, sometimes using intermediaries acting as filters, used "bogus procurement contracts for the provision of services" with these cooperatives or companies that were a front for cheap labour, and made false tax declarations.
Prosecutors denounced it as a "fraudulent" business model that "facilitates the exploitation of workers and results in unfair competition", adding it has been common malpractice in Italy for years, if not decades.
Similar investigations on irregular hiring schemes have targeted other large businesses in recent years including global delivery groups DHL and GLS, German logistics firm DB Schenker and Italian supermarket chain Esselunga, Milan prosecutors said.

'Italy Seizes €84 Million From GXO Logistics Over Alleged Tax Fraud' - Reuters News

<a href="https://www.reuters.com/technology/eu-court-backs-google-amazon-airbnb-italian-rule-dispute-2024-05-30/" title="https://www.reuters.com/technology/eu-court-backs-google-amazon-airbnb-italian-rule-dispute-2024-05-30/">https://www.reuters.com/technology/eu-court-backs-google-amazon-airbnb-italian-rule-dispute-2024-05-30/</a>

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Reuters Reported Google, Amazon, Airbnb Win EU Court Backing In Italian Rule Dispute Involving Requirement For Companies To Provide Information On Themselves

European equities ended Monday broadly positive, while the U.S. market was closed for <a href="https://www.benzinga.com/24/05/39027079/is-the-us-stock-market-open-on-memorial-day-why-the-s-p-500-could-end-the-year-on-a-high-note">the Memorial Day holiday. </a>
Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting.
Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent.
<ul>
<li>&#8220;A June rate cut is appropriate if the inflation outlook holds,&#8221; Lane said. </li>
<li>&#8220;Inflation is converging to our 2% target in a sustained way, making it the right time in June to ease the monetary policy stance and start cutting rates,&#8221; Rehn said. </li>
<li>&#8220;Barring a surprise, a June rate cut is a done deal,&#8221; Villeroy said. </li>
</ul>
Traders now almost fully price in a June rate cut and expect a total of 65 basis points in cuts (more than two cuts but less than three) by the end of the year.
The euro, as tracked by the Invesco CurrencyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>), inched 0.1% higher to 1.0840. 
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major European Indices</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th class="has-text-align-center" data-align="center">Country</th>
<th>US-Based ETF</th>
<th>Price</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Spain – IBEX 35</td>
<td>iShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>)</td>
<td>11,335</td>
<td>0.79%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Italy – FTSE MIB </td>
<td>iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>)</td>
<td>34,751</td>
<td>0.75%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">France – CAC 40</td>
<td>iShares MSCI France Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>)</td>
<td>8,142</td>
<td>0.62%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">EU – Euro Stoxx 50</td>
<td>iShares Europe ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEV#NYSE">IEV</a>)</td>
<td>5,065</td>
<td>0.58%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Germany – DAX </td>
<td>Global X Dax Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAX#NYSE">DAX</a>)</td>
<td>18,793</td>
<td>0.53%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers In Europe</h3>
Monday&#8217;s top performers on the Euro Stoxx 50 index included:
<ul>
<li>RWE AG (OTCPK: RWEOY) +2.55%</li>
<li>Bayer AG (OTCPK: BAYRY) +2.32%</li>
<li>Volkswagen AG (OTCPK: VWAGY) +1.65%</li>
<li>Enel Società per Azioni (OTCPK: ENLAY) +1.6%</li>
<li>Iberdrola S.A. (OTCPK: IBRDY) +1.5%</li>
<li>Eni S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) +1.38%</li>
</ul>
European pharma giant Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and France luxury powerhouse LVMH-Moet Hennessy Louis Vuitton (OTCPK: LVMUY) closed 0.9% lower and 0.8% higher, respectively. 
Dutch chipmaker firm ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) closed 0.2% higher, notching the third straight session of gains. 
Among carmakers, Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) rose 1.5%. Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) closed up 0.7%, positively reacting to its victory in Sunday's Formula 1 Grand Prix in Monte Carlo.
Among major banks, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) outperformed, up 1%. 
Read now: <a href="https://www.benzinga.com/news/24/05/39028061/alibaba-signs-david-beckham-as-global-brand-ambassador-for-e-commerce-platform">Alibaba Signs David Beckham As Global Brand Ambassador For E-Commerce Platform</a>
Photo via Shutterstock.

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European Equities Close Higher As Traders Bank On Imminent ECB Rate Cut: What's Driving Markets Monday?

Asset Sales

Italy To Sell About 92M Shares Of ENI For About €1.4 Billion

TIM to integrate Oracle Cloud Infrastructure into its managed cloud services
Agreement will enable public and private sector organizations to take advantage of OCI's high performance, built-in security, powerful data and AI, as well as distributed and sovereign cloud capabilities
TIM to host Oracle's second cloud region in Italy in its network of datacenters
MILAN and AUSTIN, Texas, May 2, 2024 /PRNewswire/ -- Oracle and TIM today announced a collaboration to support the increasing demand for cloud services in Italy from public and private sector organizations. As part of the agreement, TIM's business unit dedicated to businesses and the public sector, TIM Enterprise, will integrate <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=3838737370&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2F&amp;a=Oracle+Cloud+Infrastructure">Oracle Cloud Infrastructure</a> (OCI) into its portfolio. In addition, TIM will become the host partner for Oracle's second planned cloud region in Italy, which will be located in Turin and hosted in TIM Group's reliable, next-generation datacenter.
Part of Oracle's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=4186197701&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fdistributed-cloud%2F&amp;a=distributed+cloud">distributed cloud</a>&nbsp;strategy, the upcoming Oracle Cloud Turin Region will provide public and private sector organizations access to a wide range of cloud services to migrate all types of workloads from their data centers to OCI, modernize their applications, and innovate with data, analytics, and AI. Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services across dedicated, public, and hybrid cloud environments, anywhere in the world. This includes <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=3086865857&amp;u=https%3A%2F%2Fwww.oracle.com%2Fautonomous-database%2F&amp;a=Oracle+Autonomous+Database">Oracle Autonomous Database</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2712632357&amp;u=https%3A%2F%2Fwww.oracle.com%2Fmysql%2F&amp;a=MySQL+HeatWave+Database+Service">MySQL HeatWave Database Service</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2249827382&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fcloud-native%2Fcontainer-engine-kubernetes%2F&amp;a=Oracle+Container+Engine+for+Kubernetes">Oracle Container Engine for Kubernetes</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=1616262463&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2Fcompute%2Fvmware%2F&amp;a=Oracle+Cloud+VMware+Solution">Oracle Cloud VMware Solution</a>, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=2482330993&amp;u=https%3A%2F%2Fwww.oracle.com%2Fartificial-intelligence%2Fgenerative-ai%2Fgenerative-ai-service%2F&amp;a=OCI+Generative+AI+service">OCI Generative AI service</a>, and&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156906-1&amp;h=1325155418&amp;u=https%3A%2F%2Fwww.oracle.com%2Fai-infrastructure%2F&amp;a=AI+infrastructure">AI infrastructure</a>.
With the new cloud region in Turin and the existing Oracle Cloud Milan Region, Oracle will enable customers in Italy to both enhance their business continuity by replicating workloads to distributed locations, while helping address their digital sovereignty and compliance requirements by keeping replicated data in Italy. The upcoming Turin region will be collocated in one of the datacenters in TIM Enterprise's network of 16 datacenters in Italy, which has been developed to the highest technological, security, and environmental standards, and proven to meet the requirements of public and private sector organizations.
"We are pleased to be working with Italy's leading telecommunications provider to bring OCI to public and private sector organizations and support their migration to the cloud,"&nbsp;said Richard Smith, executive vice president and general manager, EMEA Cloud Infrastructure, Oracle. "By adding OCI to its robust cloud service offerings, TIM Enterprise will be able to provide a cloud platform used by customers all over the world to run their most mission-critical workloads in the cloud. In addition, with the upcoming second cloud region in Italy, we are reaffirming our commitment to helping Italian organizations of all sizes and industries accelerate the adoption of AI and other innovative technologies."
"Our collaboration with Oracle is an important milestone for TIM Enterprise and reinforces our commitment to providing innovative, sustainable and secure cloud solutions to public and private sector organizations in Italy," said Elio Schiavo, chief enterprise &amp; innovative solutions officer, TIM. "Our cloud proposition is enriched by the major global players in the industry and is a strong foundation for our future growth in a highly strategic sector for the country. Oracle's selection of our datacenter network to support its new cloud region is testament to the absolute excellence of our infrastructure, which is unique in the Italian market in terms of its reach and performance."&nbsp;
As part of the agreement, TIM Enterprise will offer OCI services to its public and private sector customers across the region, leveraging its long-standing experience in helping customers in any industry migrate their mission-critical workloads to the cloud.&nbsp;With built-in security, superior performance, high availability, and lower cost, these services are designed to support mission-critical and cloud-native workloads in large public and private sector environments.&nbsp;
As part of the collaboration, TIM will also use OCI to migrate some of the Group's internal applications to the cloud.

ORCL

Reported Earlier, Oracle And TIM Collaborate To Accelerate Cloud Adoption In Italy

Shares of Europe-related ETFs are trading lower amid weakness in US markets following hotter-than-expected March inflation data, which has weighed on global markets.

G7 Nations Say They Will Respond Swiftly, Including With "New And Significant" Measures Against Iran If It Sends Ballistic Missiles To Russia

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INTC

Intel Has Decided To Postpone Its Potential Investment In Italy, 'We Are Here For Them Should They Decide To Come Back,' Industry Minister Says

European stock ETFs are higher following the ECB's meeting and rate decision.

Investors hoping for European Central Bank (ECB) President Christine Lagarde to signal a path towards interest rate cuts in 2024, in line with Federal Reserve Chair Jerome Powell&#8216;s previous day remarks, found themselves recalibrating these expectations following her hawkish <a href="https://www.benzinga.com/topic/europe">press conference on Thursday. </a>
At its final meeting of the year, the ECB opted to keep its key interest rates unchanged, marking the second straight hold and likely signaling that the end of the tightening cycle began in July 2022. However, the similarities with the Fed&#8217;s meeting ended there. 
While Powell subtly opened the door to future rate reductions, Lagarde&#8217;s narrative was decidedly different.
Read also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36227799/feds-unexpected-dovish-signals-spark-market-euphoria-economists-weigh-in">Fed&#8217;s Unexpected Dovish Signals Spark Market Euphoria: Economists Weigh In</a>
<h2 class="wp-block-heading">Lagarde Doesn&#8217;t Lower The Guard</h2>
&#8220;We should absolutely not lower our guard,&#8221; Lagarde asserted, countering the anticipations of market participants who were speculating on potential ECB rate cuts mirroring the Fed&#8217;s direction. 
She clarified that the ECB&#8217;s policy-making process did not entertain discussions on rate cuts and is not uninfluenced by market speculations or temporal pressures.
Lagarde stressed that the ECB will continue to be guided by a data-dependent approach in determining the appropriate level and duration of restrictions.
She stated that if the key ECB interest rates remain at their current levels for an extended period, they would &#8220;make a substantial contribution to the return of 2% inflation.&#8221;
&#8220;There&#8217;s a whole beach in between a hike and a cut&#8221; and that is a hold, Lagarde said. 
In conjunction with the decision to hold rates steady and provide a firm stance against future rate cuts, the ECB has also declared its intention to initiate active sales of securities acquired under the Pandemic Emergency Purchase Programme, proceeding at a pace of €7.5 billion monthly.
The ECB also unveiled its macroeconomic projections for the upcoming years. Headline inflation has been downwardly revised from prior estimates, with Frankfurt now expecting it to average 5.4% in 2023, 2.7% in 2024, 2.1% in 2025 and 1.9% in 2026.
Economic growth is expected to show a modest uptick from 0.6% in 2023 to 0.8% in 2024, leading up to 1.5% for 2025 and beyond.
<h2 class="wp-block-heading">Euro Strengthens, European Stocks Pause</h2>
After Lagarde&#8217;s remarks, the euro-dollar exchange rate, as tracked by the Invesco CurrencyShares Euro Currency Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>), rose to 101.52, up 1%. 
On the contrary, European equities flipped to the downside, likely impacted by the disappointing remarks regarding potential rate cuts. 
Currency-unhedged exchange-traded funds (ETFs) tracking European stocks such as the SPDR DJ Euro Stoxx 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>), the Global X DAX Germany ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAX#NASDAQ">DAX</a>), the iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>), and the MSCI France Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>), still managed to hold on minor gains for the sessions, aided by the strength of the euro. 
Now read: <a href="https://www.benzinga.com/markets/equities/23/12/36235965/with-fed-rate-cuts-on-the-horizon-equity-markets-soar-dollar-weakens-10-year-treasury-yield-fall">With Fed Rate Cuts On The Horizon, Equity Markets Soar, Dollar Weakens, 10-Year Treasury Yield Falls Below 4%</a>
Photo: Shutterstock

Markets

ECB President Lagarde Defies Powell's Dovish Stance: 'We Should Absolutely Not Lower Our Guard'

<a href="https://docs.publicnow.com/viewDoc?hash_primary=725A6125A340585A3A6B7FEBC9965CBB721568BB">https://docs.publicnow.com/viewDoc?hash_primary=725A6125A340585A3A6B7FEBC9965CBB721568BB</a>
&nbsp;

'Intesa Sanpaolo And Mastercard Together With Tapster For The Launch Of The New Payment Ring In Italy'

-Reuters Cited&nbsp;World Organisation for Animal Health

Italy Reported Outbreak Of Highly Pathogenic H5n1 Bird Flu On Farm

<a href="https://www.aboutamazon.co.uk/news/operations/amazon-prime-air-drone-delivery-updates#:~:text=Prime%20Air%20will%20also%20integrate,drone%20beginning%20in%20late%202024.">https://www.aboutamazon.co.uk/news/operations/amazon-prime-air-drone-delivery-updates#:~:text=Prime%20Air%20will%20also%20integrate,drone%20beginning%20in%20late%202024.</a>
&nbsp;
Prime Air will also integrate drone deliveries into Amazon's existing fulfilment network, deploying from Same-Day Delivery sites.
Amazon customers in the UK, Italy and an additional U.S. city will soon have the option to get their packages delivered by a drone beginning in late 2024. The Prime Air drone delivery system is expanding to international locations, and adding a third city in the United States by the end of next year— specific cities in the U.S. and abroad will be named in the coming months. The new locations add to our existing drone delivery operations in the U.S., where we've been using drones to safely deliver packages weighing up to five pounds (approximately 2.2kg) in one hour or less, for almost a year.
David Carbon, Vice President of Amazon's Prime Air, said: "As part of our continued efforts to innovate for customers, we are excited to announce the expansion of Prime Air delivery internationally, for the first time outside the U.S. We have been delivering packages by drone for almost a year in California and in Texas. We have built a safe, reliable delivery service and have partnered very closely with regulators and communities. We will continue with that collaboration into the future to ensure we are meeting the needs of our customers and the communities we serve."
In addition to the new delivery sites, Prime Air is unveiling the new MK30 drone design, which is quieter, smaller, and lighter, than previous models. We're also announcing that drone deliveries will be integrating into Amazon's delivery network, meaning drones will deploy from some Same-Day Delivery sites. In the UK and Italy, we will start integrating into some of our fulfilment centres, which will provide Amazon customers with faster delivery of an even greater selection of items. We will start with one site in each location and expand over time.
Here are all the details on the expansion, the new drone design, and the integration of drone deliveries into Amazon's fulfilment network. &nbsp;
<h2>Amazon's Prime Air drone deliveries are coming to the UK, Italy, and a third U.S. state</h2>
We are working closely with national regulators and international regulators, and communities in the EU, Italy, the UK, and the U.S., to develop this programme. We have committed the necessary time and resources to build a safe and scalable service. We have refined the technology, and are now building the right infrastructure to ensure the service provides the ultimate convenience for our customers. We've also taken great care to ensure that our drones' design philosophy and demonstrated levels of safety are setting a higher bar for safety across the commercial drone delivery industry, working closely with regulators to design to the highest standard set within those regulations.
UK Aviation Minister, Baroness Vere, said: "Amazon's announcement today is a fantastic example of Government and industry coming together to achieve our shared vision for commercial drones to be commonplace in the UK by 2030. Not only will this help boost the economy, offering consumers even more choice while helping keep the environment clean with zero emission technology, but it will also build our understanding how to best use the new technology safely and securely."
We expect drone delivery to take flight in all three new locations by the end of 2024. Once available, eligible Amazon customers can opt in to drone delivery and choose from thousands of items that weigh five pounds or less—including household products, everyday essentials, beauty items, and office/tech supplies. More details on the cities to come.
<h2>The new MK30 drone will be faster, quieter, and lighter</h2>
Our newest drone, the MK30, is unlike any other drone. The new design can fly twice as far as previous Prime Air drone models, which will allow us to deliver to customers who live farther out from our fulfilment networks. The MK30 is quieter and will be able to fly in more diverse weather conditions—meaning customers can get super speedy deliveries even in situations like light rain, and hotter and colder temperatures. Our drones have a unique package delivery system, where packages are held inside drones during transit to protect their contents.
Like previous models, the MK30 will operate safely and autonomously, and are equipped with sense and avoid technology, which allows the drone to identify and avoid obstacles in the delivery area. The beauty of this system is it can sense and avoid objects that weren't there the day before, for example, a freshly planted tree, or mobile crane moved into its path. <a href="https://www.aboutamazon.co.uk/news/operations/photos-of-amazons-new-prime-air-drone">Check out more details and photos of the MK30</a>.
Frederic Laugere, Head of Innovation Advisory Services at the UK Civil Aviation Authority, said: "Exploring the options of how drones can be safely and successfully incorporated into more of the UK's airspace is key. It is vital that projects such as this take place to feed into the overall knowledge and experiences that will soon enable drones to be operating beyond the line of sight of their pilot on a day-to-day basis, while also still allowing safe and equitable use of the air by other users." &nbsp;
<h2>Drone deliveries will now deploy from some Same-Day Delivery sites</h2>
Drone delivery will no longer only take place out of stand-alone Prime Air Delivery Centres, like those in Lockeford, California and College Station, Texas. Moving forward, we will integrate drones into the Amazon delivery network, so customers will have traditional delivery vans, Flex delivery vehicles, and Prime Air drones leaving from the same building.
In the U.S., the drones will operate out of some Same-Day Delivery stations, which are essentially smaller versions of our fulfilment centres that process orders for delivery on the same day they were purchased. These sites offer a selection of products that are well aligned with things customers want and need fast, and what drones can safely deliver. Think of products that fit the size and weight capabilities of the drone—like cold medicines and batteries—we place them close to customers at these sites, which enables us to deliver them at our fastest speeds, and now it makes sense to make deliveries even faster via drones.
The integration aims to help Amazon streamline the retail experience, create a safer and more sustainable delivery model, and deliver products more quickly.
<h2>What's next?</h2>
We're developing drones that can fly thousands of times and deliver millions of packages annually for customers. With each delivery we make, we earn additional customer confidence in our service. We're focused on bringing ultra-fast drone delivery to as many Amazon customers as our technology can safely enable. We'll soon be taking flight from new cities, countries, and continents. Stay tuned for more details and updates in the coming months.

Amazon Is Launching Ultra-Fast Drone Deliveries In The UK, Italy, And A Third Location In The U.S.

European stocks embarked on a vigorous rally following the European Central Bank&#8217;s (ECB) latest interest-rate announcement on Thursday. The ECB took a significant step by raising interest rates for the tenth consecutive time, pushing the main refinancing operations rate to a 22-year high of 4.5%, while the deposit facility rate <a href="https://www.benzinga.com/topic/european-central-bank">reached a new record at 4%.</a>
However, the Frankfurt-based institution&#8217;s statement delivered a surprising twist. It signaled that the current interest rate levels might be sufficient to bring inflation back to its target. 
Additionally, the ECB revised down its estimates for both underlying inflation and growth. 
David Goebel, associate director of investment strategy at wealth manager Evelyn Partners, remarked that this could be the last move in their current hiking cycle. Peter Praet, the former ECB Chief Economist, who now serves as a member of Market News&#8217;s Connect Advisory Board, indicated that rate cuts might be on the table for discussion as early as the December Policy meeting.
The market&#8217;s interpretation of the ECB statement and Governor Lagarde&#8217;s press conference was clear: the ECB might have reached the end of its interest rate hiking cycle, which had commenced in July 2022.
This revelation had an immediate impact on the currency market, as the euro experienced downward pressure. The euro-dollar exchange rate dipped below 1.07, hitting lows not seen since mid-March.
Conversely, the stock market was a sea of green, with relief sweeping through investors who believed that the cost of borrowing would not rise further from its current levels.
<h2 class="wp-block-heading">European Indices Rally As ECB Tightening Ends</h2>
<ul>
<li>The pan-european Euro Stoxx 50 index, as tracked by SPDR DJ Euro STOXX 50 ETF&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>), surged 1.6% marking its most robust session in September. </li>
<li>The UK FTSE 100 Index, monitored through iShares MSCI United Kingdom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>), rallied an impressive 2.2%, poised to achieve its best session since early November 2022. </li>
<li>Italy&#8217;s FTSE MIB index, tracked by the iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>), climbed 1.5%, registering its best session since the end of July 2023. </li>
<li>The French CAC 40 Index, as reflected by the iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>), recorded a 1.6% gain, its most significant daily increase since early May 2023. </li>
<li>The Germany DAX 30 Index, monitored through the iShares MSCI Germany Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>), posted a respectable 1.2% gain.</li>
</ul>
Chart: Euro STOXX 50 Performance Heatmap On Thursday September 14, 2023
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="595" src="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be-1024x595.png" alt="" class="wp-image-106261" srcset="https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be-1024x595.png 1024w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be-300x174.png 300w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be-768x446.png 768w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be-1536x892.png 1536w,https://s3.amazonaws.com/editorial.benzinga.com/wp-content/uploads/2023/09/14120833/tradingview-stock-market-heatmap-2023-09-14_18.07.53_db5be.png 1859w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Positive economic news from both the United States and China added fuel to the fire. Retail sales in the U.S. surpassed expectations for August, while Chinese authorities reduced the reserve requirement ratio to enhance liquidity in the banking sector.
This news gave an additional boost to European companies that heavily rely on exports. The luxury sector rallied, with the heavyweight LVMH-Moet Hennessy Louis Vuitton (OTCPK: LVMHF) surging by 2.2%. European banks also saw significant gains, with French giant BNP Paribas (OTCPK: BNPQY) leading the pack with a 3.2% increase.
In the United Kingdom, materials and energy stocks were the driving force behind the stock market&#8217;s ascent. Anglo American plc (OTCPK: NGLOY) recorded an impressive gain of over 8%, while Rio Tinto plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) came close with nearly a 5% increase.
Read now: <a href="https://www.benzinga.com/news/large-cap/23/09/34584211/inflation-surges-consumer-demand-ignites-reflation-trade-top-5-etfs-dominating-thursdays-market">Inflation Surges, Consumer Demand Ignites Reflation Trade: Top 5 ETFs Dominating Thursday&#8217;s Market</a>

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