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Italy's largest bank, UniCredit, said Tuesday it will unload 17.7 billion euros ($18.8 billion) in soured loans, raise billions in new money and shed thousands of jobs as it seeks to re-launch the company under new management.The move to reduce the bank's risk profile emerged in a new strategic plan ...

Italian Premier-designate Paolo Gentiloni succeeded in forming a new government on Monday, keeping key ministers from the coalition of fellow Democrat Matteo Renzi, who resigned last week.Gentiloni said he would keep economist Pier Carlo Padoan as finance minister and continue Renzi's strategy of trying to get Italy's flat economy growing again. Also staying ...

Premier-designate Paolo Gentiloni says he has quickly completed sounding out political leaders on his proposed Democrat-led Cabinet and will tell Italy's president later Monday evening if he's succeeded in forming a government.President Sergio Mattarella on Sunday asked Foreign Minister Gentiloni to try to assemble a new government, with the Democrat's ...

Air Malta’s Board of Directors today strongly and categorically denied a report on the Times of Malta that the airline has axed its Frankfurt route to appease Alitalia.The article quotes sources stating that through this decision Air Malta is diverting interconnecting traffic that used to go to Frankfurt to its ...

ROMA Il nuovo governo pronto al giuramento consente al Montepaschi di accelerare lungo il sentiero difficile dell'operazione di mercato, con la riapertura della liability management exercise...

Italian Foreign Minister Paolo Gentiloni was named Dec. 11 as Italy’s new prime minister following reformist leader Matteo Renzi’s resignation in the wake of a crushing referendum defeat.

Paolo Gentiloni ha accettato con riserva l’incarico di formare un nuovo governo. Dopo le dimissioni di Matteo Renzi, il presidente della Repubblica Sergio Mattarella ha conferito al ministro degli esteri uscente Paolo Gentiloni l’incarico di guidare il nuovo esecutivo, che sarà sostenuto dalla maggioranza attualmente presente in parlamento. Parlando alla ...

ITALY’S foreign minister will replace Prime Minister Matteo Renzi, who resigned after a crushing referendum defeat.

Joseph Muscat ditched talk of economic success and focused on his government’s achievements on civil rights when he addressed supporters this morning. Speaking in Luqa, the prime minister spoke on the social changes that have changed Malta’s image abroad from the penultimate country to introduce divorce  to one at the forefront ...

Italian Foreign Minister Paolo Gentiloni was summoned to the presidential palace on Sunday and appeared poised to receive a mandate to try to form a new government.President Sergio Mattarella said Saturday night he wants a new government to rapidly be in place, after Matteo Renzi resigned last week following a ...