ROME - Italy's economy contracted in the second quarter as a drop in investments dragged the country back into recession, with falling consumer prices suggesting it also risked being sucked into a deflationary spiral.
ROME - Italy's seasonally adjusted unemployment rate rose in July to 12.6 percent from 12.3 percent the previous month, data showed on Friday.
RIO DE JANEIRO/PARIS - Brazil’s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country’s second-biggest wireless carrier and upstaging merger bids by foreign rivals.
NEW YORK - The euro rebounded from a 13-month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 clinging near the 2,000 milestone.
BRUSSELS - The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the Mediterranean in crowded boats from North Africa, something Italy has repeatedly called for.
ROME - Italy must cut its output growth forecast, its economy minister told a newspaper, adding that economic weakness was a European problem that the region's governments needed to tackle together.
ROME - Italy's search and rescue services have found six more bodies in the Mediterranean to add to the death toll of 19 over the weekend, the navy said on Monday, with no let-up in the record numbers risking the perilous crossing to Europe from Africa.
ROME - Italy's maritime search and rescue service saved 3,500 migrants and found 19 corpses in the Mediterranean since Friday as thousands attempted to cross to Europe by boat over the weekend, the Italian navy said.
ROME - Italian Prime Minister Matteo Renzi denied on Thursday that his government planned to raise taxes, cut pensions or adopt corrective measures to rein in the budget deficit this year.
ROME - Italy will release its regular autumn budget in October rather than September to allow it to use the European Union's most up-to-date accounting methods.
MOSCOW/DONETSK Ukraine - Pro-Moscow rebels fighting in Ukraine said on Friday they would comply with a request from the Kremlin and open up a 'humanitarian corridor' to allow the withdrawal of Ukrainian troops they have encircled. | Video