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Italian banks sink on early election worries


LONDON Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, from back off two-year highs.


Italy 5-Star backing for proportional electoral law raises chance of autumn vote 12:31pm BST

ROME Italy's 5-Star Movement voted over the weekend in favour of a proportional electoral system, raising the chances of an unprecedented autumn parliamentary election.


Italy lags sluggish European shares as political worries weigh 11:51am BST

MILAN European shares inched lower in quiet trading on Monday with Italian stocks left behind as worries over possible early elections weighed, hitting banks.


Italian court overturns Uber ban 26 May 2017

ROME A Rome court annulled a short-lived ban on ride-hailing app Uber on Friday in the latest twist to a battle between the San Francisco-based multinational and Italy's traditional taxi cabs.


Italy rules out 'bail in' for investors in Veneto banks rescue 26 May 2017

ROME/MILAN Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt.

Rescuers save 2,300 migrants in Mediterranean, two die 25 May 2017

ROME Rescuers saved around 2,300 migrants from rubber and wooden boats in the central Mediterranean on Thursday, but also recovered two dead bodies, the Italian coastguard said.


Italian culture minister to fight court ousting of museum heads 25 May 2017

ROME Italy's culture minister promised on Thursday to fight a court ruling that removed the directors of five museums credited with helping boost revenues after years of poor management.


U.S. government sues Fiat Chrysler over excess emissions 24 May 2017

WASHINGTON The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014. | Video


Italian minister says no case for early elections 24 May 2017

ROME Industry Minister Carlo Calenda said on Wednesday that Italy had plenty of work to do before it could hold an election, making clear his opposition to an early vote in the autumn of this year.


Trump arrives in Italy to meet Pope Francis, Italian leaders 23 May 2017

ROME U.S. President Donald Trump arrived in Italy on Tuesday ahead of meetings with Pope Francis and Italian leaders, on the third leg of his first international trip since taking office.


'Convinced Atlanticist' Merkel being honest with U.S., spokesman says

BERLIN Chancellor Angela Merkel believes firmly in strong German - U.S. relations and is simply being honest with the United States when she flags up policy differences with Washington, her spokesman said on Monday.