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EU looking to compensate sectors for U.S. tariffs - Italian PM


BRUSSELS The European Union is working on measures to compensate sectors hit by tariffs imposed by the United States over illegal EU subsidies to the aircraft industry, Italian Prime Minister Giuseppe Conte said on Friday.

Italy's economy probably remained stagnant in third quarter - Bank of Italy 2:08pm BST

ROME Italy probably posted little or no economic growth in the third quarter, continuing the flat trend of the last 18 months, the Bank of Italy said on Friday.

Italy's draft 2020 budget may require some work, but no crisis seen - EU 12:21am BST

WASHINGTON The European Commission is checking if the increase in the structural deficit in Italy's draft 2020 budget can be justified under EU budget rules, but Brussels does not want to "create a crisis" over it, Economic Commissioner Pierre Moscovici said.


ECB must be careful about further interest rate cuts - Visco 17 Oct 2019

WASHINGTON The European Central Bank must be careful in lowering interest rates further given the rising risk of unintended side-effects, Italian central bank chief Ignazio Visco said on Thursday.


Yacht maker Ferretti's cancellation caps dismal European IPO season 17 Oct 2019

FRANKFURT/LONDON Italian luxury yacht maker Ferretti's cancellation of its initial public offering (IPO) has capped a dismal European season for stock market listings, with cautious optimism evaporating amid global trade tensions and Brexit angst.


Exclusive - Yachtmaker Ferretti plans private share sale after scrapping IPO 17 Oct 2019

MILAN Italy's Ferretti plans to bring on board a European private investor after abandoning a planned stock market flotation, the yachtmaker's chief executive said on Thursday.


Alitalia rescue hopes rise as Lufthansa looks set to step in 17 Oct 2019

BERLIN/ROME Alitalia's rescue hopes received a boost on Thursday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a 350 million euro bridging loan to ease immediate cash worries.


UBS pays more than 10 million euros to settle Italy money-laundering probe 17 Oct 2019

MILAN An Italian judge has accepted a request by UBS to pay more than 10 million euros ((8.57 million pounds) to settle a money-laundering investigation, ending one of the Swiss bank's biggest legal headaches in Europe.


Italy retrieves seven bodies from Oct. 7 migrant shipwreck 17 Oct 2019

LAMPEDUSA Italy has recovered the bodies of a child and six other people from the bottom of the Mediterranean Sea, more than a week after a crowded migrant boat capsized off the coast of the island of Lampedusa.


Trump upbeat on trade talks with EU, hints at reprieve for some duties on Italian products 17 Oct 2019

WASHINGTON U.S. President Donald Trump on Wednesday said Washington was in talks with "some new people" in Europe about trade issues and he hoped the discussions would be successful, as Italy's president urged Trump to avoid counterproductive tariffs.


Protests sweep Lebanon as fury at ruling elite grows over economic corruption

BEIRUT Security forces fired tear gas and chased down protesters in Beirut on Friday after tens of thousands of people across Lebanon marched to demand the demise of a political elite they accuse of looting the economy to the point of collapse. | Video