In April Air France-KLM was spurned as a possible buyer for near-bankrupt Alitalia. Today, a French daily says the French-Dutch company could be offered a 10-20% stake in Alitalia and could eventually own the company.
Most adults in Europe's 5 largest countries and in the US believe their purchasing power has declined in recent years. As a result, they are spending less, a Harris Interactive / FRANCE 24 / International Herald Tribune poll has found.
Following a $5 billion deal to compensate for misdeeds during Italy's colonial rule, Libyan leader Muammar Gaddafi said on state television Monday that Italy would benefit from special privileges in relation to his country's energy resources.
On a visit to Libya, Italian PM Silvio Berlusconi formally apologised Saturday for "deep wounds" inflicted in Libya during Italian colonial rule. Berlusconi also signed a five-billion-dollar investment deal by way of compensation.
Italian Prime Minister Silvio Berlusconi, in Libya to meet leader Muammar Gaddafi, announced that Italy will invest billions of dollars in the North African country as reparation for abuses committed during its colonial rule.
Italy's government has approved a change to its bankruptcy law in order to save Alitalia, paving the way for a breakup and restructuring of the troubled national carrier. The hunt for a foreign partner for the airline continues.
Former Chelsea coach Portuguese Jose Mourinho clinched the Italian Super Cup, his first trophy as manager of Inter Milan. The Lombard club defeated Italian Cup victors AS Roma 6-5 on penalties at San Siro.
An Italian farmers' group expects Italy's wine production, around 47 million hectolitres in 2008, to beat that of France, nabbing the top European wine producing spot that France has occupied since the beginning of the century.
A convicted drug boss considered one of Italy's most wanted criminals has been extradited to Italy from Canada.
On the run since 2005, Giuseppe Coluccio, 42, is accused of drug trafficking, extortion and mafia association.
Some 200 fires swept across southern Italy, causing at least one death from smoke inhalation, according to the Italian civil protection service. The most serious blazes were concentrated in the region of Calabria.
