ROME - The defeat of Italian Prime Minister Matteo Renzi is yet another stinging rebuke to establishment forces in Western countries and represents another blow to the European Union.
LONDON Italian shares rose on Monday as investors bet against an immediate snap election in Italy following Prime Minister Matteo Renzi's resignation after defeat in a constitutional reform referendum.
LONDON Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
ABOARD A US MILITARY AIRCRAFT While the fight to retake the Iraqi city of Mosul from Islamic State is going to be difficult, it is "possible" it could be complete before President-elect Donald Trump takes office, U.S. Defense Secretary Ash Carter said on Monday.
WELLINGTON New Zealand Prime Minister John Key, who won praise for his economic stewardship after the global financial crisis, unexpectedly announced his resignation on Monday after eight years in power, backing his finance minister to take the helm.
BEIRUT Syria's army and allied militia advanced towards rebel-held areas of Aleppo's Old City on Sunday in an attack which a military source predicted would be over in a matter of weeks.
BEIJING China's Foreign Ministry expressed displeasure on Monday after President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron .