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Italian prosecutor proposes Morgan Stanley pay 2.9 billion euros over derivates

An Italian prosecutor has proposed that Morgan Stanley pay 2.9 billion euros (£2.4 billion) to settle derivative transactions, the bank said on Wednesday in a securities filing. The proposed claim argues that at least...

Bodies of migrants brought to Italy: survivors tell of struggle

ROME (Reuters) - The bodies of 21 women and one man were brought ashore to Sicily on Friday as fellow migrants described scenes of panic and violence when water poured into their dinghy. Some...

Qatar Airways to buy 49 percent of Italy’s Meridiana

DOHA (Reuters) - Qatar Airways is to buy 49 percent of Meridiana in a move that could bolster the Italian carrier's ability to compete in the European market. The agreement was reached at the...

Bank of Italy cuts Italy’s growth outlook following Brexit

ROME (Reuters) - Italy's economy will grow by less than one percent this year and only marginally faster in 2017, the Bank of Italy said on Friday, cutting its previous forecasts as a result...

Italian officials visit Dhaka cafe killing scene

Italian officials and relatives of the nine Italian victims of the Dhaka cafe siege visit the scene of the bloodshed. Paul Chapman reports.   Italy's deputy foreign minister was among those to visit the scene...