Italian energy group Edison, part of French utility EDF, is preparing the sale of its oil and gas unit, the latest power producer to abandon fossil fuels to focus on its retail business, four industry sources said, and quoted by Reuters. Its oil and gas unit includes interests in the Falkland Islands.
Italy's general election on Sunday has so far resulted in a hung parliament, with the country's Euro skeptic Five Star Movement emerging as the single party with the most votes. The centre-right coalition headed by former Prime Minister Silvio Berlusconi is expected to gain between 248 and 268 seats and a 37% vote share, which is still short of a majority. Some 316 seats are needed to form a government.
Election projections in Italy early Monday showed a center-right coalition that includes an anti-migrant party edging past the populist 5-Star Movement but no single bloc or party with the support to win a majority in Parliament. If confirmed by official results, the outcome could set the stage for weeks of political haggling to forge a new government.
Sidestepping sex scandals, serial gaffes and legal woes, Silvio Berlusconi’s astonishing return to front-line politics rolled on Sunday at a party gathering where adoring supporters feted the billionaire mogul as Italy’s next kingmaker.
Italy's election race includes a dark horse. Opinion polls suggest a national vote on March 4 will produce either a conservative government or a broad coalition that will not threaten the status quo. But new electoral rules make predictions harder than usual. A post-election alliance of anti-EU parties is improbable - but not impossible.
Europe is once again a top travel destination for Americans. Five European countries, Italy, Ireland, France, Iceland and the United Kingdom, comprised half of the top 10 spots for vacation plans in 2018.
Italians will head to the polls on 4 March in elections that look set to result in renewed instability and thrust former leader Silvio Berlusconi back to the centre of the political stage. Prime Minister Paolo Gentiloni's cabinet set the date for the election after President Sergio Mattarella dissolved parliament.
Former Italian Prime Minister Silvio Berlusconi looks set for another political comeback after a coalition he backed won Sicily's regional elections. The result adds momentum to the newly formed centre-right alliance.
Two of Italy's richest northern regions have voted for more autonomy, according to their leaders. More than 90% of voters in Lombardy, home to Italy's financial capital Milan, and the Veneto region around Venice, voted yes in the non-binding referendum, their presidents claimed.
France said it was ready to seek other buyers for its biggest shipyard should Italy refuse a 50-50 ownership split, before both countries pledged to find a solution next month. French Economy Minister Bruno Le Maire, told the Corriere della Sera daily that a deal with Fincantieri might not be thrashed out.