Italy

EU budget timetable points to Italy budget being rejected

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BRUSSELS - Italian Economy Minister Pier Carlo Padoan has said he expects the European Commission to issue its evaluation of Italy's 2015 budget on Oct. 29, a timetable which under EU rules would indicate the draft submitted by Rome had been rejected.

Sigma-Tau, Alfa Wassermann in talks to combine Italian operations- sources 20 Oct 2014

LONDON - Italian drugmaker Sigma-Tau is in advanced talks to sell part of its Italian operations to domestic peer Alfa Wassermann that would create an over-the-counter (OTC) powerhouse, several sources familiar with the situation said.

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UKIP, 5-Star welcome Polish radical to save EU voting bloc 20 Oct 2014

BRUSSELS - The UK Independence Party and Italy's 5-Star Movement formed an alliance in the European Parliament on Monday with a right-wing Polish libertarian in order to reconstitute a formal Eurosceptic bloc in the EU legislature.

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Rome mayor recognises gay marriages, riles minister, bishops 18 Oct 2014

ROME - Rome's centre-left mayor on Saturday recognised the validity of 16 gay marriages performed outside Italy, the first such ceremony in the capital, sparking an angry reaction from the interior minister and the country's Roman Catholic Church.

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UKIP cries foul as Latvian defection weakens hand in EU parliament 16 Oct 2014

BRUSSELS - The UK Independence Party accused the European Parliament of blackmail and bias on Thursday after it wound up a voting bloc forged by British and Italian Eurosceptics, depriving them of funding and influence.

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Euro zone back in firing line over growth, lowflation, Greece 16 Oct 2014

PARIS - After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.

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Explaining acquittal, court says no proof Berlusconi knew Ruby's age 16 Oct 2014

MILAN - Silvio Berlusconi paid a teenage nightclub dancer for sex but there is no proof he knew her age at the time, an Italian appeals court said on Thursday, explaining its decision to overturn the former prime minister's "bunga bunga" conviction.

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Monte dei Paschi leads euro bank falls as stress tests loom 16 Oct 2014

MILAN/LONDON - Shares in Italy's third-biggest bank Monte dei Paschi di Siena slumped to an all-time low on Thursday, as fears it could fail European stress tests combined with a fraught global economic backdrop which weighed on the sector.

Euro zone back in firing line over growth, lowflation, Greece 16 Oct 2014

PARIS - After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.

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Southern Europe weighs on Carrefour sales, Brazil robust 16 Oct 2014

PARIS - World number-two retailer Carrefour said sales growth slowed in the third quarter, held back by austerity-hit Spain and Italy, although its core French market proved resilient with hypermarket sales falling less than feared.

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Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders

ANKARA/BEIRUT - Turkey said on Monday it would allow Iraqi Kurdish fighters to reinforce fellow Kurds in the Syrian town of Kobani on Turkey's border, and the United States air-dropped arms to help the Kurds there resist an Islamic State assault. | Video