Italy

U.N. peace envoy criticizes Israeli Easter security in Jerusalem

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JERUSALEM - Israeli police refused to let the U.N.'s peace envoy to the Middle East, other diplomats and a crowd of Palestinians pass through a barricade to attend a pre-Easter ritual in the Jerusalem church that Christians revere as the burial site of Jesus, the U.N. official said on Saturday.

Italy gives wife, daughter of wanted Kazakh banker refugee status

ROME - The wife and daughter of a Kazakh tycoon who is wanted in three countries for alleged fraud have been granted refugee status in Italy, their lawyer said on Friday.

World, 19 Apr 2014

Italy PM Renzi cuts taxes for 10 million low earners

ROME - Italian Prime Minister Matteo Renzi on Friday cut taxes for 10 million low earners to try to boost household spending after a two-year recession, making good on a promise he made after taking office two months ago.

World, 18 Apr 2014

Italy gives wife, daughter, of wanted Kazakh banker refugee status

ROME - The wife and daughter of a Kazakh tycoon who is wanted in three countries for alleged fraud have been granted refugee status in Italy, their lawyer said on Friday.

World, 18 Apr 2014

Monte Paschi approves plan to increase cash call to 5 billion euros

MILAN - The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to 5 billion euros ($6.9 billion) to help cover any gaps a Europe-wide bank check might find in its finances.

18 Apr 2014

Etihad toughens stance on Alitalia deal but talks continue: sources

ROME - Etihad Airways has toughened its stance on conditions for investing in Italy's struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said on Thursday.

Exclusive: 'Leopard King' Cavalli nears 450 million euro sale to Permira - sources

LONDON - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.

Monte Paschi set to approve bigger capital increase

MILAN - Italian lender Monte dei Paschi di Siena looks likely to increase a planned share sale to 5 billion euros ($6.9 billion), two billion euros more than first planned, to help it pass a Europe-wide bank health check and repay state aid.

ECB hardliner Weidmann comes in from the cold as deflation threatens

FRANKFURT - As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer.

17 Apr 2014

Berlusconi ordered to do community service for tax conviction

MILAN - A court on Tuesday ordered former Prime Minister Silvio Berlusconi to serve a tax fraud sentence by doing community service with the elderly, in a ruling that restricts his movements but not his political activity.

World, 15 Apr 2014
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Deadly gun attack in eastern Ukraine shakes fragile Geneva accord

SLAVIANSK, Ukraine - At least three people were killed in a gunfight in the early hours of Sunday near a Ukrainian city controlled by pro-Russian separatists, shaking an already fragile international accord that was designed to avert a wider conflict. | Video