Latest Italy News

EU rejects Italy's budget, raising stakes in dispute

Oct. 23, 2018 10:23 AM EDT

BRUSSELS (AP) — The European Commission on Tuesday rejected Italy's proposed budget — the first time it has ever done so with a member state — as it argues the populist government's spending plans for next year are out of line and would break promises to lower public debt. The EU's executive...

US stocks tumble in early trade after global markets slide

Oct. 23, 2018 10:18 AM EDT

U.S. stocks slumped broadly in early trading Tuesday, sending the Dow Jones Industrial Average down more than 500 points and extending the market's recent string of losses. The latest wave of selling came as investors grew increasingly unsettled by the prospects for China's economy and the cost of President...

European Commission rejects Italy's 2019 draft budget over excessive spending.

Oct. 23, 2018 9:45 AM EDT
BRUSSELS (AP) — European Commission rejects Italy's 2019 draft budget over excessive spending.

Issue of married Catholic priests gains traction under pope

Oct. 23, 2018 8:03 AM EDT

VATICAN CITY (AP) — As the Vatican copes with the growing clergy sex abuse scandal and declining number of priests worldwide, it is laying the groundwork to open formal debate on an issue that has long been taboo: opening up the priesthood to married men in parts of the world where clergy are scarce. Pope...

Chinese market drop leads world stocks lower

Oct. 23, 2018 7:12 AM EDT

SINGAPORE (AP) — A sharp drop in Chinese stocks led global markets broadly lower on Tuesday, as investors digest the impact of trade tensions on the country as well as other geopolitical worries, such as Italy's debt problems. After the Shanghai index closed down 2.3 percent at 2,594.83, European markets...

Gilberto Benetton, a founder of fashion brand, dies at 77

Oct. 22, 2018 6:33 PM EDT

MILAN (AP) — Gilberto Benetton, one of the four founding siblings of the iconic Benetton fashion brand known as much for its provocative ad campaigns as its colorful knitwear, died Monday evening at age 77, his family announced. The family said Benetton's wife, Lalla, two daughters, Barbara and Sabrina,...

The Latest: Mnuchin meets with embattled Saudi crown prince

Oct. 22, 2018 5:19 PM EDT

ISTANBUL (AP) — The latest on the fallout from the killing of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul (all times local): 12:08 a.m. U.S. Treasury Secretary Steven Mnuchin has met with Saudi Arabia's embattled crown prince, Mohammed bin Salman. The meeting took place as the...

Italy stands firm against EU in budget dispute

Oct. 22, 2018 11:32 AM EDT

MILAN (AP) — Italy on Monday refused to back down on its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the budget in a news conference in Rome following the noon...

Malta academic in Trump probe often vanishes after scandals

Oct. 22, 2018 10:33 AM EDT

LONDON (AP) — The Maltese academic who allegedly dropped the first hint that Russians would interfere in the 2016 U.S. presidential election has gone missing — and an Associated Press investigation shows that this isn't the first time. Joseph Mifsud has emerged as one of the more enigmatic players...

Ronaldo keeps his focus, Juventus struggling to do the same

Oct. 22, 2018 9:54 AM EDT

MILAN (AP) — Despite his off-the-field turmoil, Cristiano Ronaldo is still scoring goals. His teammates, however, let Juventus down. Ronaldo has scored five goals in nine matches, and two in three matches since being accused of rape last month. On Saturday, Ronaldo gave Juventus the lead in the 18th minute...