Italian Finance Minister Pier Carlo Padoan. Photo: Tiziana Fabi/AFPItaly and the European Union on Tuesday reached agreement on creating a guarantee vehicle to help Italian banks sell bad loans, Finance Minister Pier Carlo Padoan said. "An accord has been reached with the EU on a guarantee mechanism...

The suspension of the Schengen agreement could prove a disaster for Italy. Photo: Gabriel Bouys/AFPThe twenty-six interior ministers from each member state of the Schengen area met in Amsterdam on Monday, amid calls for the reintroduction of border controls across the passport-free zone for two year...

Dozens of Serie A and B officials and players have been implicated in Italian football's latest scandal. Photo: Giuseppe Cacace/AFPDozens of Serie A and B officials and players including Adriano Galliani, He an Crespo and Ezequiel Lavezzi have been targeted by an Italian police investigation into al...

Dozens of Serie A and B officials and players have been implicated in Italian football's latest scandal. Photo: Giuseppe Cacace/AFPDozens of Serie A and B officials and players including Adriano Galliani, He an Crespo and Ezequiel Lavezzi have been targeted by an Italian police investigation into al...

The suspension of the Schengen agreement could prove a disaster for Italy. Photo: Gabriel Bouys/AFPThe Twenty-six interior ministers from each member state of the Schengen area met in Amsterdam on Monday, amid calls for the reintroduction of border controls across the passport-free zone for two year...

The statues are covered by boxes to protect their modesty. Photo: Screengrab/CorriereAs the visit to Europe of the Iranian President got underway on Monday, Italy showed its respect for the traditions of Islamic traditions by covering up the Capitoline Museum's racier exhibits. Hassan Rouhani visite...

Iranian President Hassan Rouhani with Italy's Prime Minister Matteo Renzi on Monday. Photo: Tiziana Fabi/AFPIran's retu to the inte ational fold accelerated on Monday as President Hassan Rouhani sealed multi-billion dollar deals with Italian companies keen to capitalise on the lifting of sanctions o...

“The Foreign Account Tax Compliance Act (FATCA) requires banks to report information to the IRS regarding all financial accounts held by American clients,” Ines Zemelman, expat tax specialist and founder of Taxes for Expats, tells The Local. "The age of financial privacy is over.” American citizens ...

The staff shirked work to engage in more appealing activities (the man in the photo is not one of them). Photo: Bill SmithSeven people working for the town hall in the Sicilian town of Pachino have been charged with fraud amid a nation-wide crackdown on public sector time clock cheats. The seven all...

Bruce Springsteen may get the OK to play Rome's Circus Maximus in May. Photo: Ilya S. Savenock/ Getty Images North America/AFPAmerican singer Bruce Springsteen may get the go-ahead to hire out Rome’s Circus Maximus to play the first concert of his European tour. The May 14th gig is looking increasin...

Fill clocked 1min 52.37sec down the notoriously difficult Streif course. Photo: Christoph Tache/AFPItalian Peter Fill won the World Cup's most prestigious event, the Kitzbühel downhill, on Saturday in a race of high drama that saw Aksel Lund Svindal's season come to an end in a spectacular crash. Fi...

Fill clocked 1min 52.37sec down the notoriously difficult Streif course. Photo: Christoph Tache/AFPItalian Peter Fill won the World Cup's most prestigious event, the Kitzbühel downhill, on Saturday in a race of high drama that saw Aksel Lund Svindal's season come to an end in a spectacular crash. Fi...

An Egyptian immigrant will be given a residency permit for foiling an armed robbery in Turin. Photo: Screenshot/Carabinieri TorinoA 29-year-old illegal immigrant will be given a residency permit after foiling an attempted armed robbery at a supermarket in Turin. The heroic deed happened earlier this...

An employee of Turin's transport of authority has been fired for using the organization's cash to fund lavish shopping sprees.Photo: Sean McEntee/FlickrThe Chief Financial Officer of Turin's transport authority, GTT, was fired on Thursday, after it emerged she allegedly spend thousands of euros of t...

A French woman is facing charges for counterfeiting after she allegedly created a cloned Prada website, which sold fake copies of merchandise made by the famous Italian fashion house. The Pordenone unit of Italy’s financial police said the website was so sophisticated, consisting of “very accurate g...

An Egyptian immigrant will be given a residency permit for foiling an armed robbery in Turin. Photo: Screenshot/Carabinieri TorinoA 29-year-old illegal immigrant will be given a residency permit after foiling an attempted armed robbery at a supermarket in Turin. The heroic deed happened earlier this...