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Rival Libya leaders meet for first time since May


PALERMO, Italy Libya's two main rival leaders met for the first time in more than five months at a reconciliation conference hosted by Italy and the prime minister endorsed a United Nations plan for an election next year.

IMF warns Italy's stimulus plan would leave country vulnerable 3:32pm GMT

WASHINGTON Italy's fiscal stimulus plans would leave the country vulnerable to higher interest rates that could ultimately plunge it into recession, the International Monetary Fund warned on Tuesday, recommending instead a "modest" fiscal consolidation to reduce financing costs.


Euro zone weighs action to stem market contagion from Italy - ECB's Praet 1:52pm GMT

LONDON Euro zone policymakers have discussed using the bloc's bailout fund to stem any contagion from Italy's debt woes to other euro zone countries, the European Central Bank's chief economist said.


Telecom Italia sacks CEO in boardroom tussle 9:17am GMT

Italian phone group Telecom Italia (TIM) sacked Chief Executive Amos Genish on Tuesday, removing the man who some directors had viewed as an obstacle to their campaign for a more aggressive shake-up at the company.


Italian banks come to Carige's aid in $450 million capital plan 12 Nov 2018

Italy's Banca Carige confirmed on Monday it will get up to 400 million euros (351 million pounds) from the country's biggest banks and private investors to meet a European Central Bank year-end deadline to boost its capital.


Germany's Scholz sees Italy taking steps to resolve budget row 12 Nov 2018

BERLIN German Finance Minster Olaf Scholz said on Monday he expected Italy to take steps to resolve a row with EU authorities over its 2019 budget and he was a "quite optimistic" about a solution to the dispute.


Italy's budget tussle raises debt concerns - ECB's de Guindos 12 Nov 2018

FRANKFURT Italy's budget crisis is raising broader concerns about the sustainability of its public debt and risks spreading turbulence to others, European Central Bank Vice President Luis de Guindos said on Monday.


Italy's PM expects Libyan commander Haftar to join Palermo conference 12 Nov 2018

ROME Italy's Prime Minister Giuseppe Conte expects Libyan commander Khalifa Haftar to join a two-day conference starting in Palermo on Monday to push forward a new U.N. plan to stabilise Libya, he was cited as saying by a newspaper.


Italy's network plan turns up heat on Telecom Italia CEO - sources 11 Nov 2018

MILAN Italy is preparing legislation that could lead to a merger of Telecom Italia's network with smaller rival Open Fiber, an issue that is causing friction between the company's CEO and some board directors, sources close to the matter said on Sunday.


Italy seeks to cut 2019 growth forecasts to get EU budget deal - source 11 Nov 2018

ROME Italy's economy minister is looking to revise down the budget's growth forecast for next year to try to reach a deal with the European Commission over fiscal policy, a government source said on Sunday.


Search for bodies, answers after California wildfire kills 42

PARADISE, Calif. Search teams were set to sift through the charred wreckage of Paradise, California, on Tuesday in the search of human remains as authorities investigated the cause of state's deadliest ever wildfire. | Video