The commander of the Italian navy's landing forces defended two of his soldiers accused of shooting dead two Indian fishermen, saying the chance of them making a mistake were 'very remote'.

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Italy on Tuesday sent a top diplomat to India and said Foreign Minister Giulio Terzi will visit next week amid an escalating row over two Italian soldiers arrested for killing two Indian fishermen.

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Three Italian soldiers were killed in Afghanistan on Monday when their armoured jeep overturned in a river in Herat province as it raced to the rescue of another unit, Italy's defence ministry said.

Italian Foreign Minister Giulio Terzi today warned of 'considerable differences' with India over the alleged killing of two Indian fishermen mistaken for pirates by Italian soldiers on an oil tanker.

Italy's central bank chief on Saturday predicted that the eurozone's third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a ‘year of recession.’

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Lawyers for survivors of the capsized Costa Concordia cruise ship on Saturday pressed for new drug tests on the ship's captain after traces of cocaine were reportedly found on the outside of a hair sa

Italian police announced on Friday they had seized fake US Treasury bonds with a face value of $6 trillion in Switzerland, a media report said.

The bonds, more than a third of US national debt, were

Standard & Poor's rating agency has downgraded 34 Italian banks.

The banks whose ratings were cut included the country's biggest bank Unicredit, which was downgraded from A to BBB+ with a negative ou

A wave of clerical sex abuse scandals have cost the Catholic Church over two billion dollars (1.5 billion euros) but the real price is the blow to its reputation, two US experts said on Wednesday.

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Hundreds of people were rescued on Saturday after a ferry caught in a snow storm hit a breakwater off Italy, as a vicious cold snap that has claimed over 260 lives across Europe tightened its grip.

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