Italy's New 'Bullet Train' Aims to Shake Up Euro Travel The new bullet-shaped Italo trains can travel at a top speed of 360 kilometers per hour. They are run by NTV, a company headed by Ferrari boss Luca di Montezemolo, which invested $1.3 billion. H...
A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro...
Italy's new prime minister said his government has approved a package of emergency budget measures worth more than $40 billion (30 billion euros) that will help pull Italy back from the brink of bankruptcy. Mario Monti said Sunday the measures includ...
Italian Prime Minister Mario Monti met with party leaders Saturday to build support for his proposed austerity measures as European leaders work to confront the continent's debt crisis. The government has not officially released details of the measur...
MILAN, Italy, Dec. 1 (Xinhua) -- Italy has a new HIV infection every three hours on average, the national department of health said in a statement during the World AIDS Day commemoration Thursday. According to the statement, there were about 3,000 ne...
Greece is predicting that its budget deficit will decrease sharply next year, even as its economy continues to contract and unemployment increases. The interim Greek government unveiled its 2012 austerity budget to Parliament Friday. It says the spen...
Italys new prime minister, Mario Monti, said on Thursday the country faces a major emergency, and promised rigor and fairness in sweeping reforms to dig Italy out of a major financial crisis. Prime Minister Mario Monti, sworn in at the presidential p...
Italy's Senate rushed to pass laws that clear the way for establishing a new government in a bid to restore confidence in Europes second-biggest debtor. The new administration may be led by former EU Competition Commissioner Mario Monti, - a man mark...
Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl...
FLORENCE, Italy, Sept. 6 (Xinhua) -- Giampaolo Pazzini came off the bench to score a late goal and gave Italy a 1-0 win over Slovenia and qualification for Euro 2012 on Tuesday. The hosts could not convert their numerous chances into goals until the...
