United States


Benetton founder, who took family business beyond sweaters, dies at 77


MILAN Gilberto Benetton, a co-founder of Italian clothing retailer United Colors of Benetton who masterminded the family empire's diversification into construction, transport and catering, has died at the age of 77.

Italy tells EU no change to budget, but will keep eye on debt, deficit

ROME Italy told the European Commission on Monday it would stick to its contested 2019 budget plans in defiance of EU fiscal rules, but promised not to inflate its deficit any further in the years ahead. | Video

World, Oct 22 2018

Italy expects EU budget rejection on Tuesday: source

MILAN The Italian government expects the European Commission to decide for the first time ever on Tuesday to ask a member state to revise its draft budget, a government source said on Sunday.

World, Oct 22 2018

EU's Moscovici doesn't want crisis with Italy, expects answers on budget

PARIS The European Commission does not want any crisis with Italy over its budget plans, but it expects answers to its concerns, European Economic Affairs Commissioner Pierre Moscovici said on Monday.

World, Euro Zone, Oct 22 2018

Italy's coalition solves tax row, seeks 'dialogue' with Europe

MILAN Italy's ruling coalition patched up a row over a tax amnesty on Saturday and struck a more conciliatory tone toward EU institutions, saying it wanted to discuss its budget plans with Brussels.

World, Oct 20 2018

Italy's coalition partners trade barbs over tax amnesty

ROME The leaders of Italy's ruling coalition parties accused each other on Friday of misleading voters over a disputed tax amnesty in their most acrimonious falling-out since they formed a government in June.

World, Oct 19 2018

Archbishop critical of Pope Francis denies wanting to topple him

VATICAN CITY A conservative Italian archbishop who has publicly criticized Pope Francis over a sexual misconduct case on Friday denied he was trying to foment an overthrow of the papacy.

World, Pope Oct 19 2018

Wall St. slides as Saudi Arabia, Italy add to economic concerns

NEW YORK U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. | Video

Oct 18 2018

Global stocks tumble on souring sentiment; oil falls

NEW YORK Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.

Japan Oct 18 2018

Italy defends budget as EU warns of 'unprecedented' rules breach

BRUSSELS Italy's Prime Minister defended its free-spending budget on Thursday, brushing off criticism from Brussels as the European Commission stepped up pressure over a draft it labeled an unprecedented breach of EU fiscal rules.

World, Oct 18 2018