The surprise move is the latest amid a wave of consolidation in the country’s banking industry in recent months and would create Italy’s third largest entity in the sector.

Bailed-out lender Monte dei Paschi di Siena (MPS) launched on Friday a 13.3 billion euro ($13.9 billion) all-share buyout offer for Mediobanca , in the latest surprise twist of a complex Italian banking saga.

Yukoners Sonjaa Schmidt, Derek Deuling, Minty Bradford Constance Lapointe and Alain Masson are off to the world junior and U23 cross-country ski championships

Italy plans to begin refilling its natural gas storage facilities early this year to avoid potential price spikes during the summer months.

Italy is the birthplace of the Renaissance. It boasts works by legendary artists like Leonardo da Vinci, Michelangelo, Raphael and Caravaggio. Italy also plays an important role in the United Nations,

Italy is a travel favorite but ever wondered if you could move there? Find out about €1 houses, visas, the cost of living and what it means to be wealthy in Italy.

Foodies owner sues Taste of Italy for $450,000, alleging defamation and assault after Facebook group owner refused to delete comment about restaurant

An American who was convicted and later acquitted of the 2007 murder of her British housemate, Ms. Knox was found guilty of falsely accusing someone else of the crime.

Italy’s interior minister, Matteo Piantedosi, has stated the reason behind his country's decision to release and send home Libya's war crime suspect,

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca in a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.