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Italy manufacturing trust falls on static economy

  Bloomberg Italian manufacturing confidence in August fell to the lowest since early last year, as Prime Minister Matteo Renzi struggles with a stagnant economy compounded by the massive destruction from last week’s deadly earthquake. Consumer confidence also fell. The business manufacturing gauge dropped to 101.1 in August, the lowest since Feb. 2015, from 102.9 the previous month. The median ...

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Internet mogul Kim Dotcom demands live-stream of US extradition appeal

  AFP Internet mogul Kim Dotcom launched his appeal on Monday against extradition to face video piracy charges in the United States, arguing for his case in New Zealand to be live-streamed to ensure a fair hearing. The German national and founder of the Megaupload file-sharing service, who has permanent residency in New Zealand, faces up to 20 years in ...

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US consumer spending firm, inflation slows

  Bloomberg US consumers spent at a solid pace in July while the key PCE index of inflation slowed, the Commerce Department reported on Monday. Consumer spending rose by 0.3 percent from June, with the gain underpinned mainly by automobile purchases while spending on non-durable goods and services declined. That followed an 0.4 percent gain in June, suggesting the consumer ...

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