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More than 2,000 boat migrants rescued off Italy, more deaths feared

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ROME More than 2,000 migrants were rescued from boats in the Mediterranean on Friday, Italy's coastguard said, as numbers soared for the third year running in the build up to summer.

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Italian mayor breaks with PM's party over lack of help for migrants 26 May 2016

ROME A mayor and other officials in a Riviera town have suspended their membership of Italy's ruling party in protest at what they view as government neglect of scores of migrants living rough there.

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Italy rescue fund in talks to backstop Veneto Banca IPO - sources 26 May 2016

MILAN Italy's recently-created bank rescue fund Atlante is negotiating to backstop a 1 billion euro (0.74 billion pounds) initial public offering (IPO) for Veneto Banca, two sources told Reuters on Thursday.

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Ukraine bans Gorbachev over support for Crimea annexation 26 May 2016

KIEV Ukraine has banned former Soviet leader Mikhail Gorbachev from entry for the next five years over his support for Russia's seizure of Crimea, a spokeswoman for Ukraine's State Security Service (SBU) said on Thursday.

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Italy industry lobby backs PM Renzi on constitutional reform 26 May 2016

ROME Italian Prime Minister Matteo Renzi on Thursday won the backing of the country's biggest employers' lobby for a constitutional reform on which the 41-year-old premier has staked his political future.

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Italian marine Girone can head home - India's top court 26 May 2016

NEW DELHI India's Supreme Court on Thursday said an Italian marine under investigation for the killing of two fishermen is free to go home while international arbitration into the case goes on.

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Italian navy says migrant boat flipped, five dead 26 May 2016

ROME A large wooden fishing boat overcrowded with migrants capsized off the coast of Libya, the Italian navy said on Wednesday, with some 562 people rescued and five found dead. | Video

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Bulgari to build hotel in Russia with Magnit minority shareholder 25 May 2016

MOSCOW Italian jeweller Bulgari has teamed up with Russian real estate investor Alexei Bogachev to build its first hotel in the country, it said on Wednesday, a day after opening its second Russian store.

Chinese group buys control of sports rights firm MP & Silva 25 May 2016

MILAN/SHANGHAI A Chinese investment group has bought a majority stake in Italian-owned MP & Silva (MPS), valuing the sports media rights firm at over $1 billion (685 million pounds), the latest in a series of global sports-related deals by investors from China.

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UniCredit says CEO to step down 24 May 2016

MILAN UniCredit Chief Executive Federico Ghizzoni is to step down, the Italian bank said on Tuesday, in a move expected to lead to a broader shake-up of the group and possibly a multi-billion euro capital increase.

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Obama mourns dead in Hiroshima, calls for world without nuclear arms

HIROSHIMA, Japan Barack Obama on Friday became the first incumbent U.S. president to visit Hiroshima, site of the world's first atomic bombing, in a gesture Tokyo and Washington hope will showcase their alliance and reinvigorate efforts to rid the world of nuclear arms. | Video