Italy

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'Almost Intact' Ancient Roman Ship Found

Trade ship has been buried in mud for 2K years

(Newser) - A shipment of fish, wine, oil, and grain bound for Spain has been discovered 2,000 years after it set off from ancient Rome. Divers have found an almost intact Roman-era commercial vessel buried in mud off Liguria province in northwest Italy, reports the BBC . Experts, who describe the ship...

Italy Stewing Over Bain's Tax-Free Phone Deal

Mitt Romney's company sold phone company for $1B profit

(Newser) - Good thing Mitt Romney ducked Italy on his European tour; Italians aren't too thrilled with him right now. That's because Romney's Bain Capital played a key role in acquiring a phone-directory company from the Italian government and selling it for a $1 billion profit at the height...

Italian 'Super Volcano' May Threaten Millions

Scientists plan to drill deep below Romans' 'hell gateway'

(Newser) - A hidden "super volcano" near Pompeii threatens an eruption that could make Vesuvius look like a picnic, scientists warn. The Phlegraean Fields zone of intense seismic activity—which the ancient Romans believed was the gateway to hell—could doom millions of people in the Naples area if it erupts,...

Ailing Colosseum Getting $30M Overhaul

Tod's founder bankrolling much-needed facelift, to begin in December

(Newser) - Italian cultural officials have announced that the $30 million restoration of the Colosseum financed by the founder of luxury leather good maker Tod's will begin in December. Officials said the work is expected to take two and a half years, during which time the monument will remain open to...

Telling an Italian He Has No Balls Is Now a Crime

Supreme court rules on the insult

(Newser) - Italy's highest court has ruled on a subject of utmost importance: whether it's a crime to say a man has "no balls." Its ruling? Yep, the dig is a crime punishable by a fine, because the insult makes a man feel less manly. The decision came...

Spain Panic Sends Dow Down 200+
 Spain Panic Sends 
 Dow Down 200+ 
MARKETS
Jul 23, 2012 9:13 AM CDT

Spain Panic Sends Dow Down 200+

Spanish bonds hit dizzying high

(Newser) - The Dow took a nosedive this morning, as did markets the world over, after Spanish media reported that up to six regions may need assistance from the federal government, sending the yields on Spanish 10-year bonds to a new high of more than 7.5%. The Dow plunged 237 points...

Concordia Widower Dives to Reef to Leave Plaque

Italy's Coast Guard helps him leave tribute to wife

(Newser) - The husband of an Italian woman who died when the Costa Concordia cruise liner rammed a reef and capsized has left a memorial plaque on the sea bed near the reef. Accompanied by Italian Coast Guard divers, Elio Vincenzi plunged into the pristine waters off Giglio island in scuba diving...

Costa Concordia Captain Offers Some Kind of Apology

Francesco Schettino says he's sorry because 'it's normal that I should'

(Newser) - The captain who was "distracted" when the Costa Concordia sailed smack into a rock finally took to TV yesterday to at last say sorry, though it doesn't sound like the passion quotient was too high. "When there's an accident, it's not just the ship that'...

100 Early Caravaggio Artworks Discovered

Will appear in ebook tomorrow

(Newser) - Art lovers around the world are in for a treat tomorrow: For the first time ever, they'll get to see 100 newly discovered paintings and sketches by a young Caravaggio, the great Renaissance painter. The works, estimated to be worth nearly $900 million, will appear in a 600-page Amazon...

Spain Wallops Italy 4-0 for 3rd Straight Crown

David Silva, Jordi Alba score first-half goals in European Championship

(Newser) - Spain won its third straight major soccer title today, beating Italy 4-0 in the European Championship final. David Silva and Jordi Alba scored first-half goals, and Fernando Torres and Juan Mata added two more in the second half as the Spanish passing game worked its magic against the Italians at...

Now on eBay: Whole Italian Village, $3M

Tuscan residents not included

(Newser) - Ever dreamed of a Tuscan home? How about an entire town? If you've got $3.1 million to spare, you could score one on eBay, the Telegraph reports. The 800-year-old village of Pratariccia is for sale on the auction site; the buyer will get 25 run-down houses among scenic...

Europe Stocks Slump Ahead of EU Summit

Plenty of gloom and doom continuing for euro and eurozone

(Newser) - European stocks and the euro all fell this morning, as investors remain skeptical that this week's EU summit is going to accomplish much of anything, reports the Wall Street Journal . The euro fell to $1.2490 from $1.2574 last Friday, while indexes were down across the continent, with...

Merkel Softens Her Opposition to Stimulus

Germany, France, others agree to push for $163B growth package

(Newser) - The leaders of France, Germany, Italy, and Spain agreed to push for a growth package worth up to $163 billion at a European Union summit next week aimed at kickstarting the economy and safeguarding the currency bloc. French President Francois Hollande, German Chancellor Angela Merkel, Spanish Prime Minister Mariano Rajoy,...

Chinese Gangs Making ... Fake Italian Train Tickets?

'Leonardo Express' forgeries found in shipping container

(Newser) - Italian cops have seized phony train tickets worth a massive $35 million, but the forger of the "Leonardo Express" tickets didn't have the skills of the Rome airport train's namesake. The tickets, found in a shipping container from China, were paler than the genuine article and the...

Markets Rise, Euro Up After Greek Elections

But investors still fretting about eurozone

(Newser) - Financial markets around Asia seem to be breathing easier after Greece's pro-bailout coalition narrowly won yesterday's election , reports the Wall Street Journal . The euro was up to $1.2714 from its $1.2640 close on Friday, with Tokyo's Nikkei up 1.8%, Hong Kong's Hang Seng...

Moody Cut Sends Spanish Bonds to Dangerous High

Italy's borrowing costs jump as well

(Newser) - Spanish bond yields hit a whopping 7% today, after Moody's cut the country's credit rating to just one level above "junk" yesterday. The New York Times ominously notes that the 7% mark is the level that "triggered" full-blown bailouts of other eurozone countries. Moody's said...

What Bailout? Spain's Debt Costs Skyrocket

Investors not reassured

(Newser) - Spain's bank bailout hasn't exactly put the markets at ease—indeed, it may have done the opposite. Spain's 10-year borrowing costs closed at a euro-era high of 6.72% yesterday, the Wall Street Journal reports. Indeed, bond yields rose across Europe, with Italy's hitting 6.26%,...

Rome's Storied Trevi Fountain Crumbling

Budget cuts endangering city's ancient heritage

(Newser) - If Rome's famous Trevi fountain could chuck a coin into itself and make a wish, it would probably ask for some TLC. The 280-year-old monument's stucco reliefs are crumbling and a gargoyle's head came tumbling down on the weekend, reports the Guardian . Officials blame the damage on...

Eurozone's Next Wobbling Domino: Italy

Italian stock performance suffers over investors' contagion fears

(Newser) - If it's not one eurozone country, it's another. Relief over Spain's bank bailout has swiftly dissipated into worry over Italy, which may not have the economic juice to pay its massive national debt and simultaneously fund its part of the various euro bailouts, the New York Times...

9 Dead as 5.8 Quake Again Jolts Italy

 Death Toll in Italy 
 Quake Hits 15 
UPDATED
May 29, 2012 11:30 AM CDT

Death Toll in Italy Quake Hits 15

About 14,000 now homeless after pair of earthquakes

(Newser) - A second earthquake within 10 days jolted northern Italy this morning, a 5.8 tremor that killed at least 15 people and injured another 200. The quake hit at 9am local time, again just north of the city of Bologna, reports the AP ; a 6.0 temblor on May 20...

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