Italy police break up international money laundering ring in Rome

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.


Indian court dismisses marine's plea to extend stay in Italy 16 Dec 2014

NEW DELHI - India's top court on Tuesday dismissed a plea by an Italian marine facing murder charges to stay in his home country for four more months to undergo medical treatment, a decision which angered Italy's president.

Italian shoemakers urge EU to tread carefully on sanctions 15 Dec 2014

BRUSSELS - Bad relations between the EU and Moscow have helped cut exports of Italian shoes to Russia by around a fifth, the sector said in a letter to the bloc's foreign policy chief, urging consideration of economic effects before more sanctions are imposed.

Move to the right stirs uproar at staid Swiss newspaper 15 Dec 2014

ZURICH - Outraged reporters at Switzerland's oldest newspaper appeared on Monday to have foiled an attempt to install an editor with links to a leading right-wing party in a tussle that reflects a wider battle over the direction of Swiss politics.


ECB should begin bond buys quickly if inflation stays low - Visco 15 Dec 2014

ROME - Italy's central bank chief called on Monday for the European Central Bank to begin large-scale bond purchases "rather quickly" if price pressures remain weak, adding that oil price falls would indeed push down inflation.


Italian PM Renzi calls on factious party to unite for reforms 14 Dec 2014

ROME - Italian prime minister Matteo Renzi called on his ruling party on Sunday to unite behind measures he has pledged to breathe life into the euro zone's third-biggest economy after years in or near recession.


Insight - EU's Russia debate a challenge for top diplomat Mogherini 14 Dec 2014

BRUSSELS - Italy's Federica Mogherini pledged as European Union foreign policy chief that the EU would play a stronger role in tackling world crises. Her resolve is about to be tested as the bloc debates whether it is time to mend its relationship with Russia.


Italy's economy minister expects ECB to opt for quantitative easing - paper 13 Dec 2014

ROME - Italy's economy minister expects the European Central Bank to print money to buy government bonds to ward off the risk of deflation, he said in an interview published on Saturday.


Daimler's mini car Smart says China will become its top market 13 Dec 2014

SHANGHAI - China could overtake Germany and Italy to become the biggest market for Daimler AG's mini car brand Smart in a few years, Smart chief executive Annette Winkler said on Saturday.


Exclusive - Chef Jamie Oliver's empire whips up investor interest 12 Dec 2014

LONDON - British celebrity chef Jamie Oliver is looking to outside investors to help expand his growing network of Italian restaurants and to fund an online TV project, sources familiar with the situation said.


U.S., Cuba restore ties after 50 years

HAVANA/WASHINGTON - The United States and Cuba agreed on Wednesday to restore diplomatic ties that Washington severed more than 50 years ago, and President Barack Obama called for an end to the long economic embargo against its old Cold War enemy. | Video