Daily brief
Ferrari has unveiled the Hypersail, a giant sea rocket designed to break speed records on water. The Italian luxury carmaker is expanding into marine engineering with this high-profile project. No price or production timeline has been announced yet.
Italy's deficit stands at 3.1%, delaying the exit from the EU's excessive deficit procedure to 2027.
The Italian Antitrust Authority has opened an investigation into Booking.com.
Cyprus is exploring synergies between maritime and aviation sectors to improve transport safety.
The EU is finalizing a loan for Ukraine and preparing new sanctions on Russia, according to Cyprus.