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Fiat SpA, the Italian automaker that controls Chrysler, reported strong 2011 earnings on Wednesday thanks to Chrysler’s turnaround while casting doubt on its expansion plans in Europe due the devastating impact of the debt crisis on the car market.
Italy is upping the ante in its fight against rampant tax evasion and is looking to make a breakthrough in the first half of this year with a new system to find dodgers by cross-checking incomes and spending, the head of the nation's Inland Revenue Agency said Tuesday.
Rome, February 1 - A Siberian cold front continued to hammer northern and central Italy Wednesday with forecasts for snow lasting through the week.
A thin film of oil spread from the Costa Concordia cruise ship as waves battered the wreckage off Italy’s coast Wednesday, adding to fears of an environmental disaster in the area’s sensitive, pristine waters. Authorities were trying to assess how serious and extensive the spread was but said that so far it didn’t appear alarming.
OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italy and abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.
Two hostages rescued in Somalia by Special Operations Forces this week after three months of captivity were recovering at a military base in Sicily, an American military official said Friday.
Italian emergency officials say they are calling off a search for missing people in the submerged part of the Costa Concordia cruise ship, due to the danger to rescue workers. Italy's Civil Protection agency said Tuesday that technical studies indicated that the deformed hull of the ship created too many safety concerns to continue the search.
Costa Crociere SpA is offering uninjured passengers euro11,000 ($14,460) apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany when the captain deviated from his route.
Search efforts aboard the capsized Costa Concordia resumed Wednesday, even as the official overseeing the operation acknowledged for the first time it would take a miracle to find any more survivors from the ship's Jan. 13 grounding.
Italy signed a pact Thursday aimed at supporting Afghanistan after foreign forces withdraw from the country in 2014, while Germany extended its military mission there for another year, developments that came as Afghan President Hamid Karzai began a tour of Europe with a stop in Rome.