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.
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.
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.
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.
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.
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.
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.
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.
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.
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