Italy Set to Approve Up to $9 Billion in Energy, Auto Relief
- Cabinet to meet later Friday to approve new round of measures
- Italy faces spike in energy prices for quarter, regulator says
Gas meters outside residential buildings in Rome, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
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Italy is set to approve up to 8 billion euros ($9 billion) in new aid to shield consumers and companies from the soaring energy prices which are dampening the outlook for the country’s economy, people familiar with the matter said.