The Bolton Group is an Italian conglomerate that sells products under more than fifty brands.
124-456: The Bolton Groups is a global conglomerate which sells products under more than 50 major brands, primarily consumer goods with a heavy focus on seafood. The majority of their business is food related. They are based in Milan , Italy . As of 2019, they had twelve factories and more than 44 offices. The Bolton Group was founded by Joseph Nissim, a Greek-born Jewish immigrant to Italy. Joseph Nissim
248-506: A topographic point of view, superimposed and replaced by the Roman one. The Roman city was then gradually superimposed and replaced by the medieval one. The urban center of Milan has therefore grown constantly and rapidly, until modern times, around the first Celtic nucleus. The original Celtic toponym Medhelanon then changed, as evidenced by a graffiti in Celtic language present on a section of
372-762: A Council ( Consiglio ) and a President, elected contextually to the city Mayor. The urban organisation is governed by the Italian Constitution (art. 114), the Municipal Statute and several laws, notably the Legislative Decree 267/2000 or Unified Text on Local Administration ( Testo Unico degli Enti Locali ). After the 2016 administrative reform, the Borough Councils have the power to advise the Mayor with nonbinding opinions on
496-534: A Japanese garden and a public library. The Montanelli gardens, created in the 18th century, hosts the Natural History Museum of Milan and a planetarium . Slightly away from the city centre, heading east, Forlanini Park is characterised by a large pond and a few preserved shacks which remind of the area's agricultural past. In recent years Milan's authorities pledged to develop its green areas: they planned to create twenty new urban parks and extend
620-621: A bomb exploded at the National Agrarian Bank in Piazza Fontana, killing 17 people and injuring 88. In the 1980s, with the international success of Milanese houses (like Armani , Prada , Versace , Moschino and Dolce & Gabbana ), Milan became one of the world's fashion capitals. The city saw also a marked rise in international tourism , notably from America and Japan, while the stock exchange increased its market capitalisation more than five-fold. This period led
744-767: A brand of organic tuna certified by the Marine Stewardship Council . Rio Mare operates a factory in Cermenate . In 2015, the Bolton Group acquired a majority stake in Spanish seafood company Garavilla from MCH and Investment Portfolio Dularra. Garavilla owns a factory in Ecuador . Saupiquet is a French seafood company. In 2019, they commissioned a new 67m seiner from the Piriou shipyard. UHU
868-469: A centre for finance in the Middle East , including for Islamic finance . The rapid rise of India has enabled Mumbai to become an emerging financial centre. India is also making an International Financial Centre GIFT City from scratch. GIFT city is now functional and has already won the crown of fastest emerging International Finance Centre of South Asia. Linked to the rise of these new IFCs, has seen
992-536: A donkey backward through the city until getting out. Frederick I Barbarossa brought the destruction of much of Milan in 1162. A period of peace followed and Milan prospered as a centre of trade due to its geographical position. During this time, the city was considered one of the largest European cities. As a result of the independence that the Lombard cities gained in the Peace of Constance in 1183, Milan returned to
1116-538: A financial city: "a pool of capital to lend or invest; a decent legal and taxation framework; and high-quality human resources". New York, London, and Tokyo are in every list of major IFCs. Some of the major RFCs (see below), such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs in some lists. These centres appear in all FSF–IMF lists of OFCs and, bar the Caribbean OFCs of the Cayman Islands,
1240-625: A huge consensus and to pressure the monarchy to forge an alliance with the new French Empire of Napoleon III to defeat Austria and establish a large Italian state in the region. At the Battle of Solferino in 1859 French and Italian troops heavily defeated the Austrians that retreated under the Quadrilateral line . Following this battle, Milan and the rest of Lombardy were incorporated into Piedmont-Sardinia, which then proceeded to annex all
1364-423: A large complex of imperial palaces and other services and buildings of which few visible traces remain. Maximian increased the city area to 375 acres by surrounding it with a new, larger stone wall (about 4.5 km long) with many 24-sided towers. The monumental area had twin towers; the one included later in the construction of the convent of San Maurizio Maggiore remains 16.6 m high. It was from Mediolanum that
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#17327936255171488-412: A large spectrum of topics and are responsible for running most local services, such as schools, social services, waste collection, roads, parks, libraries and local commerce; in addition they are supplied with an autonomous funding to finance local activities. Milan is the capital of the eponymous Metropolitan city . According to the last governmental dispositions concerning administrative reorganisation,
1612-553: A leading international financial centre since the 19th century , acting as a centre of lending and investment around the world. English contract law was adopted widely for international finance , with legal services provided in London. Financial institutions located there provided services internationally such as Lloyd's of London (founded 1686) for insurance and the Baltic Exchange (founded 1744) for shipping. During
1736-538: A major financial centre in the 1980s as the Japanese economy became one of the largest in the world. Hong Kong and Singapore developed soon after leveraging their links with London and Britain. In the 21st century, other centres have grown including Toronto, Sydney, Seoul, Shanghai and Astana . Astana International Financial Centre has become the fastest growing financial hub in Central Asia. Dubai has become
1860-574: A more progressive tuna sourcing policy. Greenpeace had been critical of Bolton's sourcing practices. As a result of the COVID-19 epidemic, sales of the Bolton Group’s canned seafood products boomed in Europe in early 2020s . They are a leading consolidator in the tuna and seafood industries. Tri Marine is one of the three largest global tuna traders along with FCF and Itochu . Tri Marine
1984-463: A much larger site in Rho . The long decline in traditional manufacturing has been overshadowed by a great expansion of publishing, finance, banking, fashion design, information technology, logistics and tourism. The city's decades-long population decline seems to have partially reverted in recent years, as the comune gained about 100,000 new residents since the last census. The successful re-branding of
2108-512: A nearly two-fold increase in population. In the 1950s and 1960s, a strong demand for new residential and commercial areas drove to extreme urban expansion, that has produced some of the major milestones in the city's architectural history, including Gio Ponti 's Pirelli Tower (1956–60), Velasca Tower (1956–58), and the creation of brand new residential satellite towns, as well as huge amounts of low-quality public housings. In recent years, de-industrialization, urban decay and gentrification led to
2232-430: A population estimated at 3,196,825, with a resulting density of 2,029 inhabitants per square kilometre (5,260/sq mi). A larger urban area, comprising parts of the provinces of Milan, Monza e Brianza, Como, Lecco and Varese is 1,891 square kilometres (730 sq mi) wide and has a population of 5.27 million with a density of 2,783 inhabitants per square kilometre (7,210/sq mi). The concentric layout of
2356-681: A theatre and an amphitheatre (129.5 x 109.3 m), the third largest in Roman Italy after the Colosseum in Rome and the vast amphitheatre in Capua . A large stone wall encircled the city in Caesar's time, and later was expanded in the late third century AD, by Maximian . Maximian built several gigantic monuments including the large circus (470 × 85 metres) and the thermae or Baths of Hercules ,
2480-520: A vast urban renewal of former industrial areas, that have been transformed into modern residential and financial districts, notably Porta Nuova in downtown Milan and FieraMilano in the suburb of Rho . In addition, the old exhibition area is being completely reshaped according to the Citylife regeneration project, featuring residencial areas, museums, an urban park and three skyscrapers designed by international architects, and after whom they are named:
2604-420: A wide range of financial services , for example relating to mergers and acquisitions , public offerings , or corporate actions ; or which participate in other areas of finance , such as private equity , hedge funds , and reinsurance . Ancillary financial services include rating agencies , as well as provision of related professional services , particularly legal advice and accounting services. As of
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#17327936255172728-1212: A working paper on OFCs, but which also proposed a taxonomy on classifying the various types of global financial centres, which they listed as follows (with the description and examples they noted as typical of each category, also noted): The IMF noted that the three categories were not mutually exclusive and that various locations could fall under the definition of an OFC and an RFC, in particular (e.g. Singapore and Hong Kong were cited). International Financial Centres, and many Regional Financial Centres, are full–service financial centres with direct access to large capital pools from banks, insurance companies, investment funds, and listed capital markets, and are major global cities . Offshore Financial Centres, and also some Regional Financial Centres, tend to specialise in tax-driven services, such as corporate tax planning tools , tax–neutral vehicles, and shadow banking / securitisation , and can include smaller locations (e.g. Luxembourg ), or city-states (e.g. Singapore). Since 2010, academics consider Offshore Financial Centres synonymous with tax havens . The IMF noted that OFCs could be set up for legitimate purposes (listing various reasons), but also for what
2852-494: Is a German manufacturer of adhesive products. They were acquired by the Bolton Group in 1994. Milan Milan ( / m ɪ ˈ l æ n / mil- AN , US also / m ɪ ˈ l ɑː n / mil- AHN , Milanese : [miˈlãː] ; Italian : Milano [miˈlaːno] ) is a city in northern Italy , regional capital of Lombardy , the largest city in Italy by urban population and
2976-763: Is a covered passage with a glass and cast iron roof, inspired by the Burlington Arcade in London. Several other arcades such as the Galleria del Corso , built between 1923 and 1931, complement it. Another late-19th-century eclectic monument in the city is the Cimitero Monumentale graveyard, built in a Neo-Romanesque style between 1863 and 1866. The tumultuous period of early 20th century brought several, radical innovations in Milanese architecture. Art Nouveau , also known as Liberty in Italy,
3100-458: Is a diverse range of financial centres worldwide. While New York and London often stand out as the leading global financial centres, other established financial centres provide significant competition and several newer financial centres are developing. Despite this proliferation of financial centres, academics have discussed evidence showing increasing concentration of financial activity in the largest national and international financial centres in
3224-486: Is also a well-known centre for artists. Milan features a mid-latitude, four-season humid subtropical climate ( Cfa ), according to the Köppen climate classification . Milan's climate is similar to much of Northern Italy's inland plains, with hot, humid summers and cold, foggy winters. The Alps and Apennine Mountains form a natural barrier that protects the city from the major circulations coming from northern Europe and
3348-593: Is among the least windy cities in Europe. The legislative body of the Italian comuni is the City Council ( Consiglio Comunale ), which in cities with more than one million population is composed by 48 councillors elected every five years with a proportional system, at the same time of the mayoral elections. The executive body is the City Committee ( Giunta Comunale ), composed by 12 assessors , that
3472-476: Is based in Bellevue, Washington and was founded in 1971. In 2019, Tri Marine was sold to the Bolton Group. Tri Marine has more than 5,000 employees and operates 16 purse-seiners . After the sale Tri Marine named Juan Corrales as the new CEO replacing Renato Curto who had held the position for 35 years. Rio Mare is an Italian seafood company which is now a Bolton Group brand/subsidiary. In 2017, Rio Mare launched
3596-625: Is credited to two Celtic peoples , the Bituriges and the Aedui , having as their emblems a ram and a boar; therefore "The city's symbol is a wool-bearing boar, an animal of double form, here with sharp bristles, there with sleek wool." Alciato credits Ambrose for his account. Around 590 BC a Celtic tribe belonging to the Insubres group and belonging to the Golasecca culture settled
3720-635: Is estimated between 7.5 million and 8.2 million, making it by far the largest metropolitan area in Italy and one of the largest in the EU . Milan is the economic capital of Italy, one of the economic capitals of Europe and a global financial centre . Milan is a leading alpha global city, with strengths in the fields of art , chemicals , commerce, design, education, entertainment, fashion , finance, healthcare, media (communication), services, research, and tourism. Its business district hosts Italy's stock exchange ( Italian : Borsa Italiana ), and
3844-530: Is generally absent: over the course of the year typical wind speeds vary from 0 to 14 km/h (0 to 9 mph) (calm to gentle breeze), rarely exceeding 29 km/h (18 mph) (fresh breeze), except during summer thunderstorms when winds can blow strong. In the spring, gale-force windstorms may happen, generated either by Tramontane blowing from the Alps or by Bora -like winds from the north. Due to its geographic location surrounded by mountains on 3 sides, Milan
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3968-484: Is more likely to be accompanied by thunderstorms and hail . Springs and autumns are generally pleasant, with temperatures ranging between 10 and 20 °C (50 and 68 °F); these seasons are characterized by higher rainfall, especially in April and May. Relative humidity typically ranges between 45% (comfortable) and 95% (very humid) throughout the year, rarely dropping below 27% (dry) and reaching as high as 100%. Wind
4092-476: Is nominated and presided over by a directly elected Mayor . The current mayor of Milan is Giuseppe Sala , an independent leading a centre-left alliance led by the Democratic Party . The municipality of Milan is subdivided into nine administrative Borough Councils ( Consigli di Municipio ), down from the former twenty districts before the 1999 administrative reform. Each Borough Council is governed by
4216-485: Is recognisable in Palazzo Castiglioni , built by architect Giuseppe Sommaruga between 1901 and 1903. Other examples include Hotel Corso, Casa Guazzoni with its wrought iron and staircase, and Berri-Meregalli house, the latter built in a traditional Milanese Art Nouveau style combined with elements of neo-Romanesque and Gothic revival architecture, regarded as one of the last such types of architecture in
4340-744: The Academy of Fine Arts ). The massive Arch of Peace , situated at the bottom of Corso Sempione, is often compared to the Arc de Triomphe in Paris. In the second half of the 19th century, Milan quickly became the main industrial centre of the new Italian nation, drawing inspiration from the great European capitals that were hubs of the Second Industrial Revolution . The great Galleria Vittorio Emanuele II , realised by Giuseppe Mengoni between 1865 and 1877 to celebrate Vittorio Emanuele II ,
4464-645: The Austrian Habsburgs . In 1713–1714 the Treaties of Utrecht and Rastatt formally confirmed Austrian sovereignty over most of Habsburg Spain's Italian possessions including Lombardy and its capital, Milan. Napoleon invaded Italy in 1796, and Milan was declared capital of the Cisalpine Republic . Later, he declared Milan capital of the Kingdom of Italy and was crowned King of Italy in
4588-872: The Emperor Constantine issued what is now known as the Edict of Milan in AD 313, granting tolerance to all religions within the Empire, thus paving the way for Christianity to become the dominant religion of the Empire. Constantine was in Mediolanum to celebrate the wedding of his sister to the Eastern Emperor, Licinius . In 402, the Visigoths besieged the city and the Emperor Honorius moved
4712-890: The Global Financial Centres Index and the Xinhua–Dow Jones International Financial Centres Development Index . The Global Financial Centres Index ("GFCI") is compiled semi-annually by the London -based think tank Z/Yen in conjunction with the Shenzhen -based think tank China Development Institute . The 36th edition of the GFCI was published in September 2024. Old finance centres such as Amsterdam, London, Paris, and New York have long histories . Today there
4836-541: The Italian Wars . The king's cousin, Louis of Orléans , took part in the expedition and realized most of Italy was virtually defenseless. This prompted him to come back a few years later in 1500, and claim the Duchy of Milan for himself, his grandmother having been a member of the ruling Visconti family. At that time, Milan was also defended by Swiss mercenaries . After the victory of Louis's successor François I over
4960-476: The Italian city-states (such as Venice and Genoa ) of the late medieval and early Renaissance periods while Florence can be said to be the birthplace of double-entry bookkeeping from the publication and proliferation of the work of Luca Pacioli . In the sixteenth century, the overall economic supremacy of the Italian city-states gradually waned, and the centre of financial activities in Europe shifted to
5084-657: The Lombards (from whom the name of the Italian region Lombardy derives), conquered Milan, overpowering the small Byzantine garrison left for its defence. Some Roman structures remained in use in Milan under Lombard rule. Milan surrendered to Charlemagne and the Franks in 774. The 11th century saw a reaction against the control of the Holy Roman Emperors . City-states emerged in northern Italy, an expression of
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5208-464: The Low Countries , first to Bruges , and later to Antwerp and Amsterdam which acted as Entrepôt cities. They also became important centres of financial innovation, capital accumulation and investment. By the early 1800s, London officially replaced Amsterdam as the world's leading financial centre. London and Paris were the world's only prominent financial centres throughout most of
5332-663: The Milan Furniture Fair , which are among the world's biggest in terms of revenue, visitors and growth. The city is served by many luxury hotels and is the fifth most starred in the world by Michelin Guide . It hosted the Universal Exposition in 1906 and 2015 . In the field of sports, Milan is home to two of Europe's most successful football teams, AC Milan and Inter Milan , and one of Europe's main basketball teams, Olimpia Milano . Milan will host
5456-568: The Ospedale Maggiore and Bramante's work in the city, which includes Santa Maria presso San Satiro (a reconstruction of a small 9th-century church), the tribune of Santa Maria delle Grazie and three cloisters for Sant'Ambrogio. The Counter-Reformation in the 16th to 17th centuries was also the period of Spanish domination and was marked by two powerful figures: Saint Charles Borromeo and his cousin, Cardinal Federico Borromeo . Not only did they impose themselves as moral guides to
5580-554: The Second World War Milan's large industrial and transport facilities suffered extensive damage from Allied bombings that often also hit residential districts. When Italy surrendered in 1943, German forces occupied and plundered most of northern Italy, fueling the birth of a massive resistance guerrilla movement. On 29 April 1945, the American 1st Armored Division was advancing on Milan but, before it arrived,
5704-546: The Welsh word llan , meaning "a sanctuary or church", ultimately cognate to English/German Land ) in which Celtic communities used to build shrines. Hence Mediolanum could signify the central town or sanctuary of a Celtic tribe. Indeed, about sixty Gallo-Roman sites in France bore the name "Mediolanum", for example: Saintes ( Mediolanum Santonum ) and Évreux ( Mediolanum Aulercorum ). In addition, another theory links
5828-463: The Winter Olympic and Paralympic games for the first time in 2026, together with Cortina d'Ampezzo . Milan was founded with the Celtic name of Medhelanon, later Latinized by the ancient Romans into Mediolanum . In Celtic language medhe- meant "middle, centre" and the name element -lanon is the Celtic equivalent of Latin -planum "plain", meant "(settlement) in the midst of
5952-474: The cathedral . Once Napoleon's occupation ended, the Congress of Vienna returned Lombardy and Milan, to Austrian control in 1815. On 18 March 1848 Milan effectively rebelled against Austrian rule, during the so-called " Five Days " ( Italian : Le Cinque Giornate ), that forced Field Marshal Radetzky to temporarily withdraw from the city. The bordering Kingdom of Piedmont–Sardinia sent troops to protect
6076-512: The centre-left coalition and 13 from the Five Star Movement. The seat of the regional government is Palazzo Lombardia that, standing at 161.3 metres (529 feet), is the fifth-tallest building in Milan. The architectural and artistic presence in Milan represents one of the attractions of the Lombard capital. Milan has been among the most important Italian centers in the history of architecture , has made important contributions to
6200-421: The centre-right coalition , a coalition of centrist and right-wing parties, led by Attilio Fontana, largely won the regional election, defeating a coalition of socialists, liberals and ecologists and a third-party candidate from the populist Five Stars Movement . The conservatives have governed the region almost uninterruptedly since 1970. The regional council has 48 members from the centre-right coalition, 18 from
6324-406: The second-most-populous city proper in Italy after Rome . The city proper has a population of about 1.4 million, while its metropolitan city has 3.22 million residents. The urban area of Milan is the fourth-most-populous in the EU with 6.17 million inhabitants. According to national sources, the population within the wider Milan metropolitan area (also known as Greater Milan)
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#17327936255176448-643: The third largest in the world , as well as the most important example of Gothic architecture in Italy. The gilt bronze statue of the Virgin Mary , placed in 1774 on the highest pinnacle of the Duomo, soon became one of the most enduring symbols of Milan . In the 15th century, when the Sforza ruled the city, an old Viscontean fortress was enlarged and embellished to become the Castello Sforzesco ,
6572-430: The 11th century in the Kingdom of England at the annual fair of St. Giles and in the Kingdom of Germany at the Frankfurt autumn fair, then developed in medieval France during the Champaign Fairs. The first real international financial centre was the city state of Venice which slowly emerged from the 9th century to its peak in the 14th century. Tradable bonds as a commonly used type of security, were invented by
6696-595: The 19th century. After 1870, Berlin and New York grew to become major financial centres mainly serving their national economies. An array of smaller international financial centres found market niches , such as Amsterdam, Brussels , Zurich , and Geneva . London was the leading international financial centre in the four decades before World War I . Since then, New York and London have developed leading positions in different activities and some non-Western financial centres have grown in prominence, notably Tokyo , Hong Kong , Singapore and Shanghai . London has been
6820-417: The 202-metre (663-foot) Isozaki Arata —when completed, the tallest building in Italy, the twisted Hadid Tower , and the curved Libeskind Tower . Two business districts dominate Milan's skyline: Porta Nuova in the north-east (boroughs No. 9 and 2) and CityLife (borough No. 8) in the north-west part of the commune. The tallest buildings include the Unicredit Tower at 231 m (though only 162 m without
6944-445: The 2024 edition of the Global Financial Centres Index , New York City , London and Hong Kong ranked top 3 globally, while other well known financial centres include Singapore , Shanghai , Frankfurt and Tokyo , amongst others. In April 2000, the Financial Stability Forum ("FSF"), concerned about OFCs on global financial stability produced a report listing 42 OFCs. In June 2000, the International Monetary Fund (IMF) published
7068-425: The 20th century London played an important role in the development of new financial products such as the Eurodollar and Eurobonds in the 1960s, international asset management and international equities trading in the 1980s, and derivatives in the 1990s. London continues to maintain a leading position as a financial centre in the 21st century, and maintains the largest trade surplus in financial services around
7192-429: The 20th century onwards Milan became the industrial and financial capital of Italy. Milan has been recognized as one of the world's four fashion capitals . Many of the most famous luxury fashion brands in the world have their headquarters in the city, including: Armani , Prada , Versace , Valentino , Loro Piana and Zegna . It also hosts several international events and fairs, including Milan Fashion Week and
7316-477: The 21st century. Others have discussed the ongoing dominance of New York and London, and the role linkages between these two financial centres played in the financial crisis of 2007–08 . Comparisons of financial centres focus on their history, role and significance in serving national, regional and international financial activity. Each centre's offering includes differing legal, tax and regulatory environments. One journalist suggested three factors for success as
7440-474: The British Virgin Islands, and Bermuda, represent all the major OFCs. Some also appear as RFCs in various lists, particularly Hong Kong, and Singapore. They also appear on most lists of major tax havens , and on lists of the largest Conduit and Sink OFCs in the world. In some lists, RFCs such as Paris, Frankfurt, Chicago, and Shanghai appear as IFCs, however, they do not appear in all lists. They are certainly major RFCs. Primitive financial centres started in
7564-414: The Conduit OFC's extensive networks of global bilateral tax treaties . Because Sink OFCs are more closely associated with traditional tax havens, they tend to have more limited treaty networks and access to global higher–tax locations. Prior to the 1960s, there was little data available to rank financial centres. In recent years many rankings have been developed and published. Two of the most relevant are
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#17327936255177688-400: The IMF called dubious purposes , citing tax evasion and money–laundering. In 2007, the IMF produced the following definition of an OFC: a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy . The FSF annual reports on global shadow banking use the IMF definition to track the OFCs with
7812-412: The Imperial residence to Ravenna . In 452, Attila besieged the city, but the real break with the city's Imperial past came in 539, during the Gothic War , when Uraias (a nephew of Witiges , formerly King of the Italian Ostrogoths ) carried out attacks in Milan, with losses, according to Procopius , being about 300,000 men. The Lombards took Ticinum as their capital in 572 (renaming it Papia –
7936-432: The Insubres and captured the settlement in 222 BC. The chief of the Insubres then submitted to Rome, giving the Romans control of the settlement. The Romans eventually conquered the entirety of the region , calling the new province " Cisalpine Gaul " ( Latin : Gallia Cisalpina )—"Gaul this side of the Alps"—and may have given the city its Latinized name of Mediolanum : in Gaulish *medio- meant "middle, centre" and
8060-558: The Italian resistance seized control of the city and executed Mussolini along with his mistress and several regime officers, that were later hanged and exposed in Piazzale Loreto , where one year before some resistance members had been executed. During the post-war economic boom, the reconstruction effort and the Italian economic miracle attracted a large wave of internal migration (especially from rural areas of southern Italy ) to Milan. The population grew from 1.3 million in 1951 to 1.7 million in 1967. During this period, Milan
8184-417: The Mayor of Milan is designated to exercise the functions of Metropolitan mayor ( Sindaco metropolitano ), presiding over a Metropolitan Council formed by 24 mayors of municipalities within the Metro municipality. The Metropolitan City of Milan is headed by the Metropolitan Mayor ( Sindaco metropolitano ) and by the Metropolitan Council ( Consiglio metropolitano ). Since 21 June 2016, Giuseppe Sala , as mayor of
8308-435: The Medhelanon community were built. First, a temple dedicated to the goddess Belisama was built, which was located near the modern Milan Cathedral . Then, near the modern Via Moneta, which is located near today's Piazza San Sepolcro , a fortified building with military functions was built which was surrounded by a defensive moat. During the Roman Republic , the Romans, led by consul Gnaeus Cornelius Scipio Calvus , fought
8432-427: The Roman walls of Milan which dates back to a period following the Roman conquest of the Celtic village, in Mesiolano. In 286, the Roman Emperor Diocletian moved the capital of the Western Roman Empire from Rome to Mediolanum. Diocletian himself chose to reside at Nicomedia in the Eastern Empire, leaving his colleague Maximian at Milan. During the Augustan age Mediolanum was famous for its schools; it possessed
8556-399: The Spanish line of Habsburgs, while Ferdinand's Austrian line of Habsburgs ruled the Holy Roman Empire. The Great Plague of Milan in 1629–31, that claimed the lives of an estimated 60,000 people out of a population of 130,000, caused unprecedented devastation in the city and was effectively described by Alessandro Manzoni in his masterpiece The Betrothed . This episode was seen by many as
8680-444: The Swiss at the Battle of Marignan , the duchy was promised to the French king François I . When the Spanish Habsburg Emperor Charles V defeated François I at the Battle of Pavia in 1525, northern Italy , which included Milan, passed to Habsburg Spain . In 1556, Charles V abdicated in favour of his son Philip II and his brother Ferdinand I . Charles's Italian possessions, including Milan, passed to Philip II and remained with
8804-404: The academic lists of tax havens include all the FSF–IMF OFCs). In July 2017, a study by the University of Amsterdam 's CORPNET group, broke down the definition of an OFC into two subgroups, Conduit and Sink OFCs : Sink OFCs rely on Conduit OFCs to re–route funds from high–tax locations using base erosion and profit shifting ("BEPS") tax planning tools, which are encoded, and accepted, in
8928-952: The already existing ones, and announced plans to plant three million trees by 2030. Financial centre A financial centre ( financial center in American English ) or financial hub is a location with a significant concentration of participants in banking asset management , insurance , and financial markets , with venues and supporting services for these activities to take place. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds , insurers, and hedge funds ), and issuers (such as companies and governments). Trading activity can take place on venues such as exchanges and involve clearing houses , although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer
9052-485: The best examples of Neoclassical architecture in Lombardy. The Napoleonic rule of the city in 1805–1814, having established Milan as the capital of a satellite Kingdom of Italy , took steps to reshape it accordingly to its new status, with the construction of large boulevards, new squares ( Porta Ticinese by Luigi Cagnola and Foro Bonaparte by Giovanni Antonio Antolini ) and cultural institutions ( Art Gallery and
9176-479: The capital city, has been the mayor of the Metropolitan City. Milan is also the capital of Lombardy , one of the twenty regions of Italy. Lombardy is by far the most populated region of Italy, with more than ten million inhabitants, almost one sixth of the national total. It is governed by a Regional Council, composed of 80 members elected for a five-year term. On 26 March 2018, a list of candidates of
9300-511: The city as a global capital of innovation has been instrumental in its successful bids for hosting large international events such as 2015 Expo and 2026 Winter Olympics . Milan is located in the north-western section of the Po Valley , approximately halfway between the river Po to the south and the foothills of the Alps with the great lakes ( Lake Como , Lake Maggiore and Lake Lugano ) to
9424-515: The city centre reflects the Navigli , an ancient system of navigable and interconnected canals, now mostly covered. The suburbs of the city have expanded mainly to the north, swallowing up many comuni along the roads towards Varese, Como, Lecco and Bergamo. In the 21st century the Navigli region of Milan is a highly active area with a large number of residential units, bars and restaurants. It
9548-570: The city under the name Medhelanon. According to the legend reported by Livy (writing between 27 and 9 BC), the Gaulish king Ambicatus sent his nephew Bellovesus into northern Italy at the head of a party drawn from various Gaulish tribes; Bellovesus allegedly founded the settlement in the times of the Roman monarchy, during the reign of Tarquinius Priscus . Tarquin is traditionally recorded as reigning from 616 to 579 BC, according to ancient Roman historian Titus Livy. Medhelanon, in particular,
9672-447: The city. A new, more eclectic form of architecture can be seen in buildings such as Castello Cova, built the 1910s in a distinctly neo-medieval style, evoking the architectural trends of the past. An important example of Art Deco , which blended such styles with Fascist architecture , is the huge Central railway station inaugurated in 1931. The post-World War II period saw rapid reconstruction and fast economic growth, accompanied by
9796-579: The commune form of local government first established in the 11th century. In 1395, Gian Galeazzo Visconti became the first Duke of Milan upon receiving the title from Wenceslaus, King of the Romans . In 1447 Filippo Maria Visconti , Duke of Milan, died without a male heir; following the end of the Visconti line, the Ambrosian Republic was established; it took its name from St. Ambrose,
9920-415: The creation of the Celtic sanctuary, the first residential settlements began to be built around it. Medhelanon then transformed from a simple religious center to an urban and then military centre, thus becoming a real village. The first homes were built just south of the Celtic sanctuary, near the modern Royal Palace of Milan . Subsequently, with the growth of the town centre, other important buildings for
10044-443: The development of art history, and has been the cradle of a number of modern art movements. There are only few remains of the ancient Roman city, notably the well-preserved Colonne di San Lorenzo . During the second half of the 4th century, Saint Ambrose , as bishop of Milan, had a strong influence on the layout of the city, reshaping the centre (although the cathedral and baptistery built in Roman times are now lost) and building
10168-542: The development of mulberry cultivation and silk processing. Following this economic growth, works such as the Sforza Castle (already existing in the Visconti era under the name of Porta Giovia Castle, but re-adapted, enlarged and completed by the Sforza family) and the Ospedale Maggiore were completed. The Sforzas also managed to attract to Milan personalities such as Leonardo da Vinci , who redesigned and improved
10292-416: The focus of new worldwide growth. One source described New York as extending its lead as the world's centre of finance in September 2018; according to Reuters , the think-tank New Financial concluded the "raw" value of domestic and international financial activity like managing assets and issuing equity underscored the position of New York as the world's leading financial centre. New York City remains
10416-509: The function of the navigli and painted The Last Supper , and Bramante , who worked on the church of Santa Maria presso San Satiro , on the basilica of Sant'Ambrogio and to the church of Santa Maria delle Grazie , influencing the development of the Lombard Renaissance . Milan's last independent ruler, Lodovico il Moro , requested the aid of Charles VIII of France against the other Italian states , eventually unleashing
10540-582: The great basilicas at the city gates: Sant'Ambrogio , San Nazaro in Brolo , San Simpliciano and Sant'Eustorgio , which still stand, refurbished over the centuries, as some of the finest and most important churches in Milan. Milan's Cathedral , built between 1386 and 1877, is the largest church in the Italian Republic—the larger St. Peter's Basilica is in the State of Vatican City , a sovereign state—and
10664-564: The headquarters of national and international banks and companies. In terms of GDP, Milan is the wealthiest city in Italy, having also one of the largest economies among EU cities. Milan is viewed along with Turin as the southernmost part of the Blue Banana urban development corridor (also known as the "European Megalopolis"), and one of the Four Motors for Europe . Milan is a major international tourist destination, appearing among
10788-542: The insurgents and organised a plebiscite that ratified by a huge majority the unification of Lombardy with Piedmont–Sardinia. But just a few months later the Austrians were able to send fresh forces that routed the Piedmontese army at the Battle of Custoza on 24 July and to reassert Austrian control over northern Italy. About ten years later, however, Italian nationalist politicians, officers and intellectuals such as Cavour , Garibaldi and Mazzini were able to gather
10912-599: The largest centre for trading in public equity and debt capital markets , driven in part by the size and financial development of the U.S. economy . The NYSE and NASDAQ are the two largest stock exchanges in the world. New York also leads in hedge fund management; private equity ; and the monetary volume of mergers and acquisitions . Several investment banks and investment managers headquartered in New York City are important participants in other financial centres. The New York Federal Reserve Bank ,
11036-419: The largest financial centres relative to their domestic economies. Progress from 2000 onwards from IMF – OECD – FATF initiatives on common standards, regulatory compliance , and banking transparency, has reduced the regulatory attraction of OFCs over IFCs and RFCs. Since 2010, academics considered the services of OFCs to be synonymous with tax havens , and use the term OFC and tax haven interchangeably (e.g.
11160-491: The largest within the Federal Reserve System , regulates financial institutions and implements U.S. monetary policy , which in turn influences the world's economy. The three major global credit rating agencies – Standard and Poor's , Moody's Ratings , and Fitch Ratings – are headquartered or co–headquartered in New York City, with Fitch being co–headquartered in London. In Asia , Tokyo emerged as
11284-469: The major South European rail hub for goods and passenger transport. Indeed, Milan and Venice were among the main stops of the Orient Express that started operating from 1919. Abundant hydroelectric resources allowed the development of a strong steel and textile sector and, as Milanese banks dominated Italy's financial sphere, the city became the country's leading financial centre. In May 1898, Milan
11408-416: The mass media to nickname the metropolis "Milano da bere" , literally "Milan to be drunk". But in the 1990s Milan was badly affected by Tangentopoli , a political scandal in which many politicians and businessmen were tried for corruption. The city was also affected by a severe financial crisis and a steady decline in textiles, automobile and steel production. Berlusconi's Milano 2 and Milano 3 projects were
11532-579: The modern Pavia ), and left early-medieval Milan to the governance of its archbishops . After the siege of the city by the Visigoths in 402, the imperial residence moved to Ravenna . Attila , King of the Huns , sacked and devastated the city in 452 AD. In 539 the Ostrogoths conquered and destroyed Milan during the Gothic War against Byzantine Emperor Justinian I . In the summer of 569
11656-411: The most important housing projects of the 1980s and 1990s in Milan and brought to the city new economical and social energy. In the early 21st century Milan underwent a series of sweeping redevelopments over huge former industrial areas. Two new business districts, Porta Nuova and CityLife , were built in the space of a decade, radically changing the skyline of the city. Its exhibition centre moved to
11780-459: The most visited cities in the world, ranking second in Italy after Rome, fifth in Europe and sixteenth in the world. Milan is a major cultural centre, with museums and art galleries that include some of the most important collections in the world, such as major works by Leonardo da Vinci . It also hosts numerous educational institutions, academies and universities, with 11% of the national total of enrolled students. Founded around 590 BC under
11904-492: The name Medhelanon by a Celtic tribe belonging to the Insubres group and belonging to the Golasecca culture , it was conquered by the ancient Romans in 222 BC, who Latinized the name of the city into Mediolanum . The city's role as a major political centre dates back to the late antiquity , when it served as the capital of the Western Roman Empire . From the 12th century until the 16th century, Milan
12028-465: The name element -lanon is the Celtic equivalent of Latin -planum "plain", thus *Mediolanon (Latinized as Mediolānum ) meant "(settlement) in the midst of the plain". Mediolanum became the most important center of Cisalpine Gaul and, in the wake of economic development, in 49 BC, was elevated, within the Lex Roscia , to the status of municipium . The ancient Celtic settlement was, from
12152-573: The name to the scrofa semilanuta ("half-woolly sow") an ancient emblem of the city, fancifully accounted for in Andrea Alciato 's Emblemata (1584), beneath a woodcut of the first raising of the city walls, where a boar is seen lifted from the excavation, and the etymology of Mediolanum given as "half-wool", explained in Latin and in French. According to this theory, the foundation of Milan
12276-441: The new political power of the cities and their will to fight against all feudal powers. Milan was no exception. It did not take long, however, for the Italian city-states to begin fighting each other to try to limit neighbouring powers. The Milanese destroyed Lodi and continuously warred with Pavia, Cremona and Como, who in turn asked Frederick I Barbarossa for help. In a sally they captured Empress Beatrice and forced her to ride
12400-602: The north, the Ticino river to the west and the Adda to the east. The city's land is flat, the highest point being at 122 m (400.26 ft) above sea level . The administrative comune covers an area of about 181 square kilometres (70 sq mi), with a population, in 2013, of 1,324,169 and a population density of 7,315 inhabitants per square kilometre (18,950/sq mi). The Metropolitan City of Milan covers 1,575 square kilometres (608 sq mi) and in 2015 had
12524-484: The other Italian statelets and proclaim the birth of the Kingdom of Italy on 17 March 1861. The political unification of Italy enhanced Milan's economic dominance over northern Italy. A dense rail network, whose construction had started under Austrian patronage, was completed in a brief time, making Milan the rail hub of northern Italy and, with the opening of the Gotthard (1882) and Simplon (1906) railway tunnels,
12648-484: The people of Milan, but they also gave a great impulse to culture, with the creation of the Biblioteca Ambrosiana , in a building designed by Francesco Maria Richini , and the nearby Pinacoteca Ambrosiana . Many notable churches and Baroque mansions were built in the city during this period by the architects, Pellegrino Tibaldi , Galeazzo Alessi and Richini himself. Empress Maria Theresa of Austria
12772-616: The plain", or of "place between watercourses" (Celtic medhe = "in the middle, central"; land or lan = "land"), given the presence of the Olona , Lambro , Seveso rivers and the Nirone and Pudiga streams. The Latin name Mediolanum comes from the Latin words medio (in the middle) and planus (plain). However, some scholars believe that lanum comes from the Celtic root lan , meaning an enclosure or demarcated territory (source of
12896-845: The popular patron saint of the city. Both the Guelph and the Ghibelline factions worked together to bring about the Ambrosian Republic in Milan. Nonetheless, the Republic collapsed when, in 1450, Milan was conquered by Francesco I of the House of Sforza , which made Milan one of the leading cities of the Italian Renaissance . Under the House of Sforza, Milan experienced a period of great prosperity, which in particular saw
13020-551: The rise of "partner OFCs" (offshore tax-havens to which funds are routed), such as Taiwan (a major Sink OFC for Asia, and 7th largest global Sink OFC), Mauritius (a major Sink OFC for South Asia, especially India, and Africa, and the 9th largest global Sink OFC). The private nationwide financial system in China was first developed by the Shanxi merchants , with the creation of so-called "draft banks". The first draft bank Rishengchang
13144-502: The sea. During winter daily average temperatures can fall below freezing (0 °C [32 °F]) and accumulations of snow can occur: the historic average of Milan's area is 25 centimetres (10 in) in the period between 1961 and 1990, with a record of 90 centimetres (35 in) in January 1985. In the suburbs the average can reach 36 centimetres (14 in). The city receives on average seven days of snow per year. The city
13268-480: The seat of an elegant Renaissance court surrounded by a walled hunting park. Notable architects involved in the project included the Florentine Filarete , who was commissioned to build the high central entrance tower, and the military specialist Bartolomeo Gadio. The alliance between Francesco Sforza and Florence's Cosimo de' Medici bore to Milan Tuscan models of Renaissance architecture, apparent in
13392-829: The second largest concentration of hedge funds (847 according to HedgeLists.com). London benefits from its position between the Asia and U.S. time zones, and benefited from its location within the European Union , although this ended on 31 January 2020 when the United Kingdom left the European Union following the Brexit referendum of 2016. As well as the London Stock Exchange , the Bank of England ,
13516-679: The second oldest central bank, is in London, although the European Banking Authority moved to Paris after Brexit. Since the middle of the 20th century, New York City, represented by Wall Street in Manhattan's Financial District , has been described as a leading financial centre. Over the past few decades, with the rise of a multipolar world with new regional powers and global capitalism , numerous financial centres have challenged Wall Street, particularly London and several in Asia, which some analysts believe will be
13640-437: The soil , causing Milan to be one of Europe's most polluted cities. Summers in Milan are hot and humidity levels are high with peak temperatures reaching above 35 °C (95 °F). Due to the high humidity, urban heat effect and lack of wind, nighttimes often remain muggy during the summer months. Usually the summer enjoys clearer skies with an average of more than 13 hours of daylight: when precipitation occurs though, it
13764-602: The spire), and the 209 m Allianz Tower , a 50-story tower. The largest parks in the central area of Milan are Sempione Park , at the north-western edge, and Montanelli Gardens , situated north-east of the city. English-style Sempione Park, built in 1890, contains the Civic Arena , the Civic Aquarium of Milan (which is the third oldest aquarium in Europe ), a steel lattice panoramic tower, an art exhibition centre,
13888-661: The symbol of Spanish bad rule and decadence and is considered one of the last outbreaks of the centuries-long pandemic of plague that began with the Black Death . In 1700, the Spanish line of Habsburgs was extinguished with the death of Charles II . After his death, the War of the Spanish Succession began in 1701. In 1706, the French were defeated in Ramillies and Turin and were forced to yield northern Italy to
14012-529: The urban area of Milan is one of the 15 Metropolitan municipalities ( città metropolitane ), new administrative bodies fully operative since 1 January 2015. The new Metro municipalities, giving large urban areas the administrative powers of a province, are conceived for improving the performance of local administrations and to slash local spending by better co-ordinating the municipalities in providing basic services (including transport, school and social programs) and environment protection. In this policy framework,
14136-475: The world. However, like New York, it faces new competitors including fast-rising eastern financial centres such as Hong Kong and Shanghai. London is the largest centre for derivatives markets , foreign exchange markets , money markets , issuance of international debt securities , international insurance , trading in gold, silver and base metals through the London bullion market and London Metal Exchange , and international bank lending . London has
14260-452: Was aligned towards the heliacal rising of Antares , while the other towards the heliacal rising of Capella . The latter coincided with a Celtic spring festival celebrated on 24 March, while the heliacal rising of Antares corresponded with 11 November, which opened and closed the Celtic year and which coincided with the point where the Sun rose on the winter solstice . About two centuries after
14384-459: Was based on these early paths, and on the shape of the sanctuary, reached, in some cases, up to the 19th century and even beyond. For example, the route of the modern Corso Vittorio Emanuele, Piazza del Duomo , Piazza Cordusio and Via Broletto, which is curvilinear, could correspond to the south side of the ellipse of the ancient sanctuary of Medhelanon. One axis of the Medhelanon sanctuary
14508-525: Was born in 1919, to a Jewish family and escaped Thessaloniki when the Nazis invaded Greece . After fleeing Greece he joined the British Army and fought with distinction at the battle of El Alamein . He settled in Italy in 1949. He died at the age of 100 in 2019. In 2016, the Bolton Group had €1.96 billion in revenue and €210.8 million in profits. In 2018, Bolton announced that they were adopting
14632-592: Was created in 1823 in Pingyao . Some large draft banks had branches in Russia, Mongolia and Japan to facilitate the international trade. Throughout the nineteenth century, the central Shanxi region became the de facto financial centres of Qing China. With the fall of Qing Dynasty, the financial centres gradually shifted to Shanghai , mainly due to its geographical location at the estuary of the Yangtze River and to
14756-510: Was developed around a sanctuary , which was the oldest area of the village. The sanctuary, which consisted of a wooded area in the shape of an ellipse with a central clearing, was aligned according to precise astronomical points. For this reason, it was used for religious gatherings, especially in particular celebratory moments. The sanctuary of Medhelanon was an ellipse with axes of 443 m (1,453 ft) and 323 m (1,060 ft) located near Piazza della Scala . The urban planning profile
14880-569: Was often shrouded in thick cloud or fog during winter, although the removal of rice paddies from the southern neighbourhoods and the urban heat island effect have greatly reduced this occurrence since the turn of the 21st century. Occasionally, the Foehn winds cause the temperatures to rise unexpectedly: on 22 January 2012 the daily high reached 16 °C (61 °F) while on 22 February 2012 it reached 21 °C (70 °F). Air pollution levels rise significantly in wintertime when cold air clings to
15004-676: Was one of the largest European cities and a major trade and commercial centre, as the capital of the Duchy of Milan , one of the greatest political, artistic and fashion forces in the Renaissance . Having become one of the main centres of the Italian Enlightenment during the early modern period , it then became one of the most active centres during the Restoration , until its entry into the unified Kingdom of Italy . From
15128-629: Was rapidly rebuilt, with the construction of several innovative and modernist skyscrapers, such as the Torre Velasca and the Pirelli Tower , that soon became the symbols of this new era of prosperity. The economic prosperity was, however, overshadowed in the late 1960s and early 1970s during the so-called Years of lead , when Milan witnessed an unprecedented wave of street violence, labour strikes and political terrorism . The apex of this period of turmoil occurred on 12 December 1969, when
15252-487: Was responsible for the significant renovations carried out in Milan during the 18th century. This urban and artistic renewal included the establishment of Teatro alla Scala , inaugurated in 1778, and the renovation of the Royal Palace . The late 1700s Palazzo Belgioioso by Giuseppe Piermarini and Royal Villa of Milan by Leopoldo Pollack , later the official residence of Austrian viceroys, are often regarded among
15376-539: Was shaken by the Bava Beccaris massacre , a riot related to soaring cost of living. Milan's northern location in Italy closer to Europe, secured also a leading role for the city on the political scene. It was in Milan that Benito Mussolini built his political and journalistic careers, and his fascist Blackshirts rallied for the first time in the city's Piazza San Sepolcro ; here the future Fascist dictator launched his March on Rome on 28 October 1922. During
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