Milan - An Italian appeals court on Friday acquitted international banks JP Morgan, UBS, Deutsche Bank and Depfa Bank of fraud in the sale of derivative instruments.The Milan court judge's decision overturned a 2012 ruling which ordered the seizure of 89 milli...

Rome - US Secretary of State John Kerry will meet with his counterparts from Italy, France and Germany in Rome on Thursday to discuss the crisis in Ukraine."Secretary Kerry will be meeting with EU foreign ministers on Ukraine.

Rome - Italy's financial police searched premises in several cities Wednesday as part of a probe into an association accused of defrauding Banca Monte dei Paschi di Siena, media reports said.Searches were carried out in Milan, Monza and Siena, including at th...

Rome - An Italian judge warned Tuesday that a "new type" of mafia organisation has taken root in Italy, after police discovered a money-laundering operation headed up by a mobster nicknamed the "Bank of Italy".Giuseppe Pensabene, a member of the powerful 'Ndr...

A wall collapsed in the ancient Roman city Pompeii, making this the third collapse of the ancient Roman city in the past three days.

Rome - The head of Italy's anti-establishment Five Star party (M5S), Beppe Grillo, was sentenced to four months in prison on Monday for breaking a police seal on a building during a protest.Prosecutors had requested the former comedian be put behind bars for ...

Millions of fur coats and pelts will be sold for record high prices this March as supermodels begin wearing fur on the catwalk again. The revitalized fashion statement has not gone down too well among animal rights campaigners.

Rome - Italy's economy shrank by 1.9 percent in 2013 but its public deficit stayed within the European Union's limit of 3.0 percent of GDP in mixed news for the country's new government, official figures showed Monday.The contraction -- which followed a shrin...

Milan - Misfiring Roma's championship hopes suffered a blow after Inter Milan held the Serie A title challengers to a scoreless draw at a half-empty Olympic Stadium on Saturday.Inter travelled to the capital looking to bounce back from a 1-1 draw with struggli...

Rome - European Socialists on Saturday anointed Martin Schulz as their candidate for European Commission president, launching their campaign for elections in May with calls to fight unemployment and rising populism.Delegates at a congress of the Party of Euro...

Scientists have mapped the partial genetic structure of a common lactic acid bacterium. This bacterium is key to a good bottle of wine.

Rome - Italy's unemployment rate reached a record 12.9 percent last month and youth joblessness also hit the highest-ever level at 42.4 percent of 15-24-year-olds not in school or university, official data showed on Friday.The Istat data agency figures also r...

The once captain and his former cruise ship were reunited Thursday when, as part of his trial, Francesco Schettino was taken back abroad the Costa Concordia. It was his first time on the doomed ship since the tragedy that took 32 lives on Jan. 13, 2012.

Rome - Italian family-run fashion house Versace said on Thursday it had agreed to sell a 20-percent stake to US private equity firm Blackstone in a deal that values the group at 1.0 billion euros ($1.4 billion).The company said in a statement that Blackstone ...

The amount of people migrating into the UK against the levels of those emigrating out of the country, or net migration, has risen to 212,000. These figures are for the year to September 2013.

Giglio - Italian captain Francesco Schettino on Thursday returned on board his stricken Costa Concordia cruise ship, more than two years after leaving it in a hurry as it sank in a tragedy that claimed 32 lives.Wearing a leather jacket and sunglasses, the disgr...

Gelsenkirchen - Gareth Bale, Karim Benzema and Ronaldo all helped themselves to a brace in the first leg of the Champions League in Germany against FC Schalke 04. The Galacticos were positively off the planet as Ancelotti's men destroyed Schalke 6-1.

An Italian woman in the town of Rimini is suing her local health authority for the equivalent of $1.1 million after learning she been treated for months for cancer on the wrong breast. Reportedly the treatments are grueling.

Giglio - Residents of Italy's Giglio Island reacted with mixed emotions on Wednesday to the first return visit by captain Francesco Schettino since a tragedy in which 32 people on his Costa Concordia cruise ship died.Schettino, who is on trial for manslaughter,...

With a decline in the effectiveness of antibiotics and for those who seek antibiotic alternatives, a probiotic for thrush has been developed.