Italy

Missing witness at Berlusconi sex trial shows up in Mexico

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MILAN - The key witness at Silvio Berlusconi's sex trial who failed to appear to testify in court this week has shown up in Mexico and will not be back until January, her lawyer said on Tuesday.

Italy's Monti warns against populism as Berlusconi attacks

ROME - Italian Prime Minister Mario Monti warned against a slide into populism on Tuesday as Silvio Berlusconi attacked his technocrat government, accusing it of failed "Germano-centric" policies that had dragged Italy into recession. | Video

World 1:52pm EST

Petrol strike threatens to cause chaos and hit economy in Italy

ROME - Italian petrol stations began a 60-hour strike late on Tuesday to protest against rising costs and falling profits, causing long queues as drivers rushed to fill up before pumps closed.

World, 1:52pm EST

Analysis: Berlusconi move could undermine Monti agenda in Italy

ROME - Silvio Berlusconi's decision to stand in Italian elections increases the risk of a large populist bloc in parliament that could severely hinder attempts to continue the legacy of outgoing Prime Minister Mario Monti.

World, 11:09am EST

Italy's Monti says Grandson's nickname is "Spread"

ROME - Ubiquitous talk of bond "spreads" has filtered down from the power lunches of Italian bankers and brokers all the way to the kindergarten of Prime Minister Mario Monti's grandson.

Business lobby says Italian recession to last until end-2013

ROME - Italy's biggest business lobby Confindustria said on Tuesday the country will not pull out of recession until the end of next year, and that uncertainty about the outcome of elections in two months time is blurring the economic outlook.

4:48am EST

U.S. stocks end up; politics rattle Italy markets

NEW YORK - U.S. stocks ended higher on Monday, led by gains in McDonald's and in technology shares, but Italian equities and bonds sank after Prime Minister Mario Monti's decision to resign stoked concern about who will lead the euro zone's third biggest economy out of its debt crisis.

Investing Simplified, 10 Dec 2012

Italy's Autogrill tops bids for Spain's duty free shops

MADRID/MILAN - Italy's Autogrill , the world's biggest airport retailer, outbid rivals to run duty free shops at 26 Spanish airports owned by public operator Aena, including key hubs such as Madrid and tourist destinations Malaga and Ibiza.

Europe backs Monti reforms as Italy crisis hits markets

ROME - European partners urged the next Italian government on Monday to stick to Prime Minister Mario Monti's reform agenda, after his decision to resign early and Silvio Berlusconi's return to frontline politics rattled financial markets.

World, 10 Dec 2012

Factbox: Monti's reform record

ROME - Italian Prime Minister Mario Monti announced on Saturday he planned to resign as soon as parliament approved the 2013 budget, paving the way for elections expected to be held as early as February.

Investing Simplified, 10 Dec 2012
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North Korea launches rocket in defiance of critics

SEOUL/TOKYO - Isolated and impoverished North Korea launched its second long- range rocket of 2012 on Wednesday and may have finally succeeded in putting a satellite into space, the stated aim of what critics say is a disguised ballistic missile test.

Ethiopia and Eritrea: An elusive peace on the cards?

Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.