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India’s retail inflation cooled faster-than-expected in May, providing relief to policymakers even as risks from an uneven monsoon

Silvio Berlusconi cast a spell over Italy — and nearly led it to financial ruin

MOSCOW Russian President Vladimir Putin called Italy's Silvio Berlusconi a dear friend and an outstanding politician in a

By Blake Brittain The U.S. Supreme Court handed brand owners a win against parody products on Thursday when

PARIS The United States is planning to rejoin the UNESCO organisation - which the United States had earlier

The former Italian prime minister Silvio Berlusconi has died at the age of 86. Berlusconi, who amassed a fortune after founding Italy’s largest media company, had been suffering from leukaemia and recently developed a lung infection. He died at the San Raffaele hospital in Milan. The former prime minister suffered from a range of health conditions in recent years, including prostate cancer, heart ailments and a spell in hospital with Covid-19 in 2020. He was readmitted to the same hospital in Milan on Friday where he recently spent almost six weeks for treatment for the lung infection. Doctors said he had chronic myelomonocytic leukaemia, a rare type of blood cancer but not one that is considered to be acute. His personal physician Dr Alberto Zangrillo had said the lung infection diagnosis was linked to his leukaemia. Italian defence minister Guido Crosetto expressed “great, enormous pain” over the news of his death. “He leaves a huge void, because he was a great,” he wrote. “It’s the end of an epoch, the closing of an era. I loved him very much. Goodbye Silvio.” Berlusconi dominated Italian politics for almost 20 years, leading the centre-right party Forza Italy from 1994 to 2009, before taking the helm of successor party The People of Freedom until 2013. The right-wing populist led four governments across three spells as prime minister of Italy – from 1994 to 1995, from 2001 to 2006 and again from 2008 to 2011. His last few years in the country’s top job were marred by allegations of corruption and tales of “bunga bunga” sex parties at his lavish villa outside Milan. He was accused of unlawful sex with 17-year-old nightclub dancer known only as “Ruby the Heartstealer” – but he was acquitted on appeal in 2014, after several women testified that his bung bunga parties were merely “elegant dinners”. Berlusconi made his name and the bulk of his huge fortune beginning with his business dealings in the 1980s. He was the controlling shareholder of Italian media giant Mediaset, and owned the football club AC Milan from 1986 to 2017. The tycoon was convicted of tax fraud in 2012 and was sentenced to four years’ imprisonment, later shortened to one year of community service. In 2019 he staged an unlikely political comeback by winning a seat in the European parliament. Italian national news channels ran sombre coverage of the news of Berlusconi’s death, with Sky News’ foreign editor Andrew Connell noting that coverage on Sky TG24 was “something akin to the death of a royal”, describing him as a “unique politician known well beyond Italy”. Forza Italia forms part of far-right prime minister Giorgia Meloni’s coalition government, but Berlusconi held no position in her cabinet and the two clashed over the 86-year-old’s friendship with Russia’s Vladimir Putin – Ms Meloni has voiced her strong support for Ukraine since the war broke out in February 2022. On his 86th birthday, while the war raged, Mr Putin sent Berlusconi best wishes and vodka, and the Italian boasted he returned the favour by sending back Italian wine. Matteo Salvini, Italy’s deputy prime minister and leader of the far-right League party, penned a lengthy tribute on Twitter to “one of the greatest ever, in all fields, from all points of view, without equal”. Former centre-left prime minister Matteo Renzi referred to Berlusconi’s divisive legacy in his own tribute on Monday. “Silvio Berlusconi made history in this country. Many loved him, many hated him. All must recognise that his impact on political life, but also economic, sport and television, has been without precedence,” he wrote. Political blogger Dario D’Angelo tweeted: “Whether you loved him or you hated him, it matters little today. With Silvio Berlusconi goes a part of your life. Of our life.” Berlusconi controlled his business empire through Fininvest, a family holding company with assets worth €4.9bn (£4.19bn) at the end of 2021. Before his death, Silvio owned 61.3 per cent of Fininvest, while Pier Silvio and Marina Berlusconi, his two children from his first marriage, each owned a 7.65 per cent stake. The future of his business interests will likely depend on how he has chosen to distribute his 61 per cent stake between his five children from two marriages. Eldest daughter Marina is expected to play a prominent role, though Berlusconi never publicly named a successor to take charge of the company. Read More Silvio Berlusconi, scandal-scarred ex-Italian leader, dies at 86, according to his TV network Former Italian premier Silvio Berlusconi was also successful in soccer at AC Milan and Monza Former Italian prime minister Silvio Berlusconi dies aged 86 Reports: Former Italian Premier Berlusconi readmitted to hospital 3 weeks after release Four villages ‘liberated’ in Ukraine’s first gains of counteroffensive How much has the Madeleine McCann investigation cost?

ROME (Reuters) -Silvio Berlusconi, the four-time Italian prime minister and billionaire media mogul who died on Monday at the age

By Howard Schneider WASHINGTON U.S. Federal Reserve officials, who hoped to return the job market to its 2019,

MILAN Four-time Italian prime minister and billionaire media tycoon Silvio Berlusconi, who died on Monday at the age

Turkey’s current-account gap unexpectedly widened in April, adding to a record deficit and underscoring the challenge facing President

The ex-attorney general criticises Mr Trump after he was charged with mishandling classified files.

ROME Silvio Berlusconi, the former Italian prime minister and billionaire media mogul who died on Monday at the