Latest Italy News

Italy brushes off downgrade as it plans EU budget response

Oct. 20, 2018 4:37 AM EDT

ROME (AP) — Italy's deputy premier on Saturday brushed off a ratings downgrade and vowed to forge ahead with the government's rule-busting budget as Italy prepared to respond to European Union concerns about its high deficit targets. International credit rating agency Moody's late Friday downgraded Italy's...

Texas could be Ferrari's last stand in 2018

Oct. 20, 2018 2:40 AM EDT

AUSTIN, Texas (AP) — Ferrari team boss Maurizio Arrivabene watched his red cars slip and splash around a wet Circuit of the Americas while Mercedes' Lewis Hamilton cut the quickest laps of the U.S. Grand Prix practice session. A few minutes later, Arrivabene sized up the task in front of Ferrari and driver...

EU budget chief seeks to ease tensions with Italy

Oct. 19, 2018 1:13 PM EDT

MILAN (AP) — The European Union's budget chief sought to ease tensions with Rome on Friday over Italy's rule-busting budget, after markets reacted by pushing up Italy's borrowing costs to the highest levels in five years. Pierre Moscovici told reporters in Rome that he did not see a risk of contagion in...

The Latest: EU official tries to calm Italian budget dispute

Oct. 19, 2018 10:53 AM EDT

MILAN (AP) — The Latest on Italy's spat with the European Union over its budget (all times local): 4:50 p.m. The EU's budget chief says that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in an "intelligent and serene...

European Leagues urge UEFA to make Champions League fairer

Oct. 19, 2018 8:38 AM EDT

GENEVA (AP) — The European Leagues group has urged UEFA to allocate club competition entries and billions in Champions League prize money more fairly. The leagues' proposal on Friday includes reversing changes which took effect this season giving four guaranteed Champions League group-stage places to...

Italian markets hit by concerns over budget spat

Oct. 19, 2018 5:56 AM EDT

MILAN (AP) — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday hitting its...

EU warns Italy on budget but walks a fine line

Oct. 18, 2018 3:34 PM EDT

BRUSSELS (AP) — The European Union handed Italy a stinging letter Thursday warning that the nation's significantly higher deficit targets represented a deviation "unprecedented in the history" of EU budget rules — but still offered reassurances that the bloc was "not an adversary of Italy." The dual...

The Latest: EU voices concerns over Italy's budget deficit

Oct. 18, 2018 1:50 PM EDT

BRUSSELS (AP) — The Latest on Italy's plans to ramp up public spending (all times local): 7:45 p.m. The European Commission has chastised Italy for a spending plan that will raise its deficit to three times that which was previously agreed, calling the deviation "unprecedented in the history" of the EU's...

EU looks to African nations, border control to stop migrants

Oct. 18, 2018 1:44 PM EDT

BRUSSELS (AP) — European Union leaders agreed Thursday to pursue the cooperation of countries in North Africa and to beef up the bloc's external borders to stop large numbers of migrants from entering Europe. A statement from an EU summit in Brussels where the leaders of member countries discussed...

Cristiano Ronaldo expected to play for Juventus on Saturday

Oct. 18, 2018 9:50 AM EDT

MILAN (AP) — Cristiano Ronaldo's return to Juventus started with a selfie, included a goal in a practice game, and will likely end up with a starring role on Saturday. Ronaldo, who has been accused of rape and is facing a civil lawsuit in the United States, had the weekend off while his Italian team was...