Feb 27, 2013

Greenback plunges below ¥92

The dollar plunged below ¥92 in Tokyo trading Tuesday as the euro was battered after the general election in Italy left the country in political gridlock and raised uncertainties over the reconstruction of its public finances. At 5 p.m., the dollar was quoted at ...

Feb 27, 2013

Nikkei tumbles on yen rise, European worries

Stocks fell sharply Tuesday, pressured by heavy selling on the back of the yen’s upsurge and rekindled concerns over the European debt crisis after Italy’s general election. The Nikkei 225 average closed down 263.71 points, or 2.26 percent, at 11,398.81. On Monday, the key ...

Work begins on Pompeii's $142 million makeover

Feb 8, 2013

Work begins on Pompeii's $142 million makeover

Conservation workers at the long-neglected Roman city of Pompeii began a €105 million ($142 million) makeover partly funded by the EU on Wednesday, a day after former site managers were put under investigation for corruption. The project, which is being funded to the tune ...

Berlusconi vows to refund money of property tax

Feb 4, 2013

Berlusconi vows to refund money of property tax

Former Prime Minister Silvio Berlusconi vowed Sunday to refund the money Italians have had to fork out for an unpopular property tax if his coalition wins this month’s elections. Speaking at a rally in Milan, he vowed to scrap the levy and refund the ...

Cruise ship 'monsters' stir discord in Venice

Jan 14, 2013

Cruise ship 'monsters' stir discord in Venice

A year after the Costa Concordia cruise ship disaster, the luxury liners that ply the waters just in front of St. Mark’s Square in Venice are stirring unease in the world-famous lagoon. The debate pits conservationists who are up in arms about the environmental ...

Jan 14, 2013

Runaway, 13, drives car across Europe

A 13-year-old boy ran away from his adoptive parents in Italy, taking his father’s Mercedes and driving 1,000 km toward his native Poland before being stopped in Germany. The boy — a go-kart enthusiast — managed to pass highway toll booths and cross two ...

Jan 9, 2013

Berlusconi, Northern League tie up

Italy’s playboy former prime minister, Silvio Berlusconi, announced a deal Monday with the rightwing Northern League ahead of next month’s national elections, potentially opening up a tighter contest in a race being closely watched by financial markets. “We have a pope,” the 76-year-old billionaire ...

Berlusconi re-election bid in doubt

Dec 18, 2012

Berlusconi re-election bid in doubt

Silvio Berlusconi’s re-election bid was thrown into fresh doubt Sunday as his support among party stalwarts and a rightwing splinter group eroded ahead of a campaign for February polls in Italy. Just over a week after the three-time prime minister announced his candidacy, his ...

Italian leader leaves options open

Dec 12, 2012

Italian leader leaves options open

Italian Prime Minister Mario Monti’s decision to resign has left the door wide open for the former Eurocrat to run in the upcoming general election, or take on the mediator role of president. For now, the professorial 69-year-old — whose first foray into politics ...

Dec 12, 2012

McD's results offset Italian woes for Dow

New York AP U.S. stocks edged higher Monday after a strong sales report from McDonald’s offset concerns about the surprise resignation announcement of Italy’s prime minister. The Dow Jones industrial average rose 14.75 points, or 0.1 percent, to 13,169.88. The Standard and Poor’s 500 ...