Gucci says to strengthen supplier checks after TV allegations


MILAN - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme said that Chinese workers assembling its handbags in Italy were working more than three times their contracted hours.

TripAdvisor fined in Italy for misleading reviews 22 Dec 2014

MILAN - Italy's competition watchdog has fined travel website TripAdvisor 500,000 euros ($613,000) for publishing misleading information in its reviews, it said on Monday.


Libya fighting spreads to third oil port, 11 killed in Benghazi 22 Dec 2014

BENGHAZI/TRIPOLI - Fighting between Libya's competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than needed to cover the North African country's own domestic requirements, officials said.


Loan losses fears put more pressure on Monte dei Paschi 22 Dec 2014

MILAN - Fears of big writedowns on poorly performing loans piled more pressure on shares in Banca Monte dei Paschi di Siena which dropped 6 percent on Monday, adding to concerns about the Italian bank's weak balance sheet.


Man stages new protest on ledge of St. Peter's in Vatican 22 Dec 2014

VATICAN CITY - An Italian man evaded Vatican security for the fifth time to reach a high ledge on the facade of St. Peter's Basilica to protest against laws he says caused him to lose his business. | Video

Italy says breaks up neo-fascist group suspected of planning attacks 22 Dec 2014

ROME - Italian police on Monday arrested 14 people they said were members of a neo-fascist movement that was planning attacks on politicians, prosecutors and the police.


Capital hike, asset sales to fill gap at Monte Paschi - chairman 21 Dec 2014

VIENNA - Italian lender Monte dei Paschi di Siena expects to complete its planned capital increase by July and can use divestments to help plug a hole in its balance sheet, Chairman Alessandro Profumo told an Austrian newspaper.


Italy's Renzi wins confidence vote to pass budget in Senate 20 Dec 2014

ROME - Italian Prime Minister Matteo Renzi won a confidence vote to get his tax-cutting 2015 budget through the Senate on Saturday and it is expected to be definitively approved by the lower house of parliament next week.


China's Fosun raises offer for Club Med 19 Dec 2014

PARIS - Chinese billionaire Guo Guangchang sweetened his bid for struggling Club Mediterranee at the last minute on Friday, trumping a 24 euro-a-share offer from Italian tycoon Andrea Bonomi in France's longest-running takeover battle.

Italy police break up international money laundering ring in Rome 17 Dec 2014

ROME - Italian finance police on Wednesday arrested 17 people accused of running an international money laundering ring through a British-based money transfer services company which was used to shuttle illegal proceeds abroad, mostly to China.


North Korea's internet links restored - U.S. monitoring company

SINGAPORE - North Korea's internet links have been restored, but it is not clear how stable they are, the U.S.-based internet monitoring company Dyn said on Tuesday.