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Rescuers desperately search for avalanche survivors
Up to 30 people believed to be in hotel when snow hit
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Armani boosts young designers
Models applied the finishing touches and prepared for the fashion runway. On show was the work of three young Asian designers all chosen by Giorgiol Armani. He collaborated with the Italian fashion chamber whose president Carlo Capasa...
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Rescuers pull 2 people from buried hotel in Italy
Miraculous survival after devastating avalanche
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3 puppies rescued from Italy hotel rubble
Pups spent days trapped under collapsed building
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‘Rocco’ – a documentary charting the life of porn star Rocco Siffredi
“Rocco”. Obviously that Christian name is evocative in itself. And it is difficult for many not to think of this porn star whose fame was in part due to his most-filmed asset – his prized nether regions. It was also due it must be said,...
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Glasses maker Luxottica to merge with lens manufacturer Essilor
Italy’s Luxottica and France’s Essilor are getting together to create a global eyewear powerhouse. The all-share deal is one of Europe’s largest cross-border tie-ups. Essilor is the leading lens manufacturer. Luxottica is the world’s top...
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Shipbuilder STX France’s future hangs in the balance
Cruise ship builder STX France has moved a step closer to being bought by the Italian shipyard Fincantieri. The company – which is based in Saint-Nazaire – is being sold by its bankrupt South Korean owner STX. On Tuesday a court in Seoul...
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The Italian laboratory restoring the films of Charlie Chaplin
Eighty years after Charlie Chaplin made the movie classic ‘Modern Times’, the great clown’s movies are being restored at a laboratory in northern Italy. L’immagine Ritrovata which was started in 1992. Then there were many labs restoring...
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EU migrant relocation scheme still way off target
The EU is still struggling to meet its targets on relocation refugees and migrants from Greece and Italy. In September last year, governments agreed to move one hundred and sixty thousand from both countries to other EU nations. The deal...
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UniCredit moves to overcome Italian banking woes with 13 bln euro share sale
Italy’s largest bank, UniCredit has announced it plans to raise 13 billion euros by selling new shares. It will be the country’s biggest-ever share issue. This comes amid political turmoil and economic stagnation in Italy and a banking...
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Fininvest and Vivendi tussle over control of Italian broadcaster Mediaset
The battle for control of Italy’s biggest commercial broadcaster, Mediaset, is heating up. The French film, TV, telecom and videogame group Vivendi has increased its stake in Mediaset – but so too has its top shareholder Fininvest....
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Monte dei Paschi share offer is last ditch attempt to avoid bailout
Shares in Italy’s Monte dei Paschi suffered further steep falls on Monday as it makes a last-ditch attempt to raise five billion euros by year-end to avoid a state bailout. The struggling bank is offering new shares for sale this week,...
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Italy moves ahead with 20 billion euro bank rescue plan
Italy’s parliament has approved a 20 billion euro rescue plan for the country’s weaker banks and to try to restore confidence in the wider banking sector. The third largest, Monte dei Paschi di Siena, will be the first to benefit, as...
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Does Smart Specialisation Indicate A Reforming Europe?
Patrizio Bianchi, Regional Minister for Coordination of the European Policies for Growth, Education, Vocational training, University, Research and Employment, Emilia-Romagna Region, Italy talks about Smart Specialisation signalling a...
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Italian banks face sluggish response on cash calls as capital crisis looms
Loan writedowns and bad debts, plus a lasting hangover from the financial crisis mean Italy’s banks are on the edge of a precipice. Provisions to cover liabilities on “unlikely to pay” and past due debt are less than half of those set...
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Italian GDP growth revised up
Solid domestic demand saw Italian growth rebound in Q3, and the figures for previous quarters were also revised upwards. GDP rose by 0.3% in Q3 quarter-on-quarter, but a full one percent year-on-year. revised up a tenth of a point. It is...
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Italy’s referendum – what’s at stake for the EU?
Italian Prime Minister Matteo Renzi is staking his future in Sunday’s referendum on the overhaul of the country’s constitution. And the result could have consequences beyond Italy’s borders, with fallout feared for the European Union....
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HyQ – the four-legged robot for disaster zones
As Italy is slowly recovering from a series of deadly earthquakes, researchers at the Italian Institute of Technology of Genoa are developing a new generation of robots to work in disaster zones. The key to the four-legged robot, called...
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Markets hold their breath ahead of Austrian, Italian votes
European markets ended an eventful week dominated by OPEC’s oil price fix with a familiar word being bandied about: contagion. The euro returned to centre stage and Italy in particular, where the consensus is a referendum defeat for the...
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Markets shiver but don’t catch cold over Italian political turmoil
European shares rose more than 1 percent on Monday as investors bet against an immediate snap election in Italy following Prime Minister Matteo Renzi’s resignation. Markets were a little edgy at the opening – the Milan stock exchange...
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Italy readies state bailout for Monte dei Paschi – sources
The world’s oldest operating bank Monte dei Paschi needs to raise five billion euros by the end of this month, and sources say it now looks headed for a state bailout. One source familiar with the matter told Reuters a government decree...
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Puccini’s original ‘Madame Butterfly’ returns to La Scala
Milan’s La Scala opera house has opened its new season with the original more brutal version of Puccini’s “Madame Butterfly”. First performed in 1904 the original is in two not three acts and includes harsher language by the US naval...
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EU warns eight countries on spending
The EU has warned eight eurozone countries that their spending plans for next year risk breaking the bloc’s spending rules. They state that governments should not have deficits higher than three percent of their gross domestic product....
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European car sales stall
Car sales in Europe fell slightly in October, with 1.14 million vehicles registered. Total sales were down by 0.3 percent for all of Europe (EU member states plus Iceland, Norway and Switzerland) and 0.02 percent for the countries of the...