Iran is “not living up to the spirit” of the nuclear deal struck with world powers in 2015, US President Donald Trump said Thursday, warning America would set out its position on that soon. Trump’s administration has been publicly tightening the noose on Iran over the deal, which was negotiated by the five permanent UN … Read more
Japanese Prime Minister Shinzo Abe headed Sunday for a four-day trip to Europe, hoping to discuss security issues and make progress on trade as regional tensions soar over accelerating North Korean threats. Abe’s trip, which will take him to Germany, France, Belgium and Italy, comes a few days after US Secretary of State Rex Tillerson … Read more
Central Italy has been struck by a series of earthquakes, as the region shivers in freezing temperatures. The biggest 5.7-magnitude quake struck at 10:14 local time (09:14 GMT), with others before and after. They hit an area devastated by quakes in August. Shockwaves were felt in Rome, 100km (60 miles) to the south-west. Almost 300 … Read more
The Italian parliament has approved a government plan for a possible €20bn (£16.8bn) bailout of the country’s banks. The Italian Treasury will probably have to rescue Italy’s third largest lender, Monte dei Paschi, by the end of next week. The rescue fund will be used to prop up other banks as well. Earlier, Monte dei … Read more
The Italian government will seek parliamentary approval to borrow up to €20bn (£17bn) to support its fragile banking sector and potentially rescue Monte dei Paschi di Siena. The country’s third-largest bank needs to raise €5bn in fresh capital by the end of the month. If Monte dei Paschi cannot arrange a private sector bailout, a … Read more
Italy’s Prime Minister Paolo Gentiloni is pictured before a confidence vote to the new government Italian Prime Minister Paolo Gentiloni won a confidence vote in the upper house Senate on Wednesday, allowing his coalition government to take office. Former Prime Minister Matteo Renzi resigned last week after losing a referendum on his proposed reform of … Read more
Ciampi at a ceremony in Germany in June 2008 Former Italian President Carlo Azeglio Ciampi, who steered his country into the single currency, has died in a clinic in Rome aged 95. He was the tenth Italian president and had served previously as governor of the Bank of Italy and prime minister. The current Prime … Read more