Italy heads for populist government after months of…

The President of the Republic Sergio Mattarella meets the press and announce that Giuseppe Conte has resigned the assignment on Sunday in Rome

Giuseppe Conte is set to be Italy's new prime minister.

The two leaders have named law professor Giuseppe Conte as their choice to remain Prime Minister and lead the coalition government.

Nearly three months after Italy's election, a right-wing populist coalition between the Five Star Movement and the Northern League had finally come up with a plan.

Though investors were relieved to avoid repeat elections, which they feared could have become a de facto referendum on the euro, they are now likely to refocus on the big spending plans of the League and 5-Star, which would add to its debts.

It was a reference to European Union officials, who have made clear in recent days their concerns - in occasionally undiplomatic terms - about Italy's euroskeptic direction.

Citing sources close to the talks, Reuters reported that Di Maio would lead the Industry Ministry and Salvini could head the Interior Ministry.

Stock markets in Italy and globally had plunged and Italy's borrowing rates soared earlier in the week when it appeared Italy was heading to new elections after President Sergio Mattarella vetoed the prospective partners' first pick for economy minister, collapsing the proposed coalition.

But while Conte will nominally hold the most powerful office in Italy, the driving forces in his administration will be the leaders of the two political parties that gained most votes in an inconclusive election in March - the right-wing League party and the anti-establishment Five Star Movement.

"I'm in deep love with Italy, bella Italia", European Commission President Jean-Claude Juncker told a conference on Thursday.

Facebook is shutting down its notorious 'trending' feature
Another feature, called " Today In ", shows people breaking news in their area from local publishers, officials and organizations. In its announcement on Friday (June 1), Facebook said the section was driving only marginal traffic to news publishers.

Starbucks shuts 8000 US stores for racial bias training
A video released by the company ahead of the training session showed a clip of the two African-American men being arrested . He mounted the campaign in response to racial strife in Ferguson, Mo., and said he felt "we had to do something".

Zidane lauds 'crazy' third consecutive Champions League title
Liverpool eventually lost 3-1, with the side from the Spanish capital lifting their third consecutive Champions League trophy. On Sunday the forward eased fears that he could miss the forthcoming World Cup in Russian Federation .

Juncker said at a conference Thursday that "Italians have to take care of the poor regions of Italy".

"There's no reference (in his CV) to masters or other university titles, but the simple and accurate description of his work as a scholar and university professor", the movement said in a post on its official blog.

He said "the mafia has always made us and will always make us sick, wherever there is injustice I will try to be there with a team".

The deal followed an extraordinary few days in which Mr Di Maio called for the head of state to be impeached, two successive prime ministers-designate were tasked to form a government, one of whom quit only to be reinstated on Thursday evening.

"The idea of allocating more money for the protection of the external border, so allocating more money for the management of migratory flows, more management for common security are all things for which we have been advocating more commitment by the European Union". Salvini late Wednesday said he isn't closing the doors on any solution but also indicated some resistance to the change, saying "if someone in Berlin or Paris wakes up in a bad mood that doesn't mean that an Italian minister gets kicked out".

Emerging from a similar meeting with a different ending Thursday night, Conte read off his Cabinet list and pledged that "we will work with determination to improve the quality of life of all Italians".

Carlo Cottarelli, a pro-austerity economist, promised to put together a government "very quickly" and said new elections would be held either in August or next year. The euro has been Italy's currency since 2002, when it replaced the Italian lira.

Both Mr Di Maio and Mr Salvini vowed not to support Mr Cottarelli and called for elections straight away.

Lorne Cook and Raf Casert contributed from Brussels, and Angela Charlton from Paris.

Related news:

Hot News

isis-killer-beheading-video-story-top Nicki Minaj Influenced A Lyric On Kanye West’s ‘Ye’ Album
Jun 02, 2018 - 01:01
On " Yikes ", Kanye raps: " Russell Simmons wanna pray for me too / I'ma pray for him "cause he got #MeToo'd". If he'd hewn closely to the 4:44-esque model of reconciling with his fans, he might have had something.

isis-killer-beheading-video-story-top Winning Spelling Bee Word Is One Every Christian Should Know: Koinonia
Jun 02, 2018 - 00:54
The soft-spoken boy spelled the term correctly and was showered with confetti and given more than $42,000 in cash and prizes. The past 13 champions and 18 of the last 22 have been Indian-American, and that trend could easily continue.

isis-killer-beheading-video-story-top Afghanistan Interior Ministry attack in Kabul as ISIS and Taliban continue assault
Jun 02, 2018 - 00:41
The militants traded fire with security force before they were killed within minutes. The Amaq statement did not provide the names or specify the number of attackers.

isis-killer-beheading-video-story-top England in trouble as Pakistan take charge
Jun 02, 2018 - 00:38
Two balls later, Bairstow fell for a duck when left-arm quick Amir produced a superb delivery that cut back to clip the top of off stump.

isis-killer-beheading-video-story-top Capitals favored over Knights in Game 3 of Stanley Cup Final
Jun 02, 2018 - 00:32
On one end, Vegas netminder Marc-Andre Fleury has been channelling his inner Dominik Hasek with a barrel-roll stop on T.J. Everyone's got jerseys on, every store is selling Golden Knights stuff, memorabilia is everywhere". "We played smart.

isis-killer-beheading-video-story-top 'Murdered' Russian journalist Arkady Babchenko turns up alive at news conference
Jun 01, 2018 - 16:29
Grytsak, during his press conference, thanked Babchenko and his family, who he said were in the loop about the secret operation. Russian journalist Arkady Babchenko , widely reported to have been assassinated in Kiev on Tuesday, is alive and well.

isis-killer-beheading-video-story-top Severe obesity rates double during primary school, figures show
Jun 01, 2018 - 16:25
Severe obesity can also shorten a person's life by 10 years - an equivalent loss to the effects of lifelong smoking. This compares with 14,787 out of 629,359 (2.35%) of four and five-year-olds in reception class.

Amazon to restrict Australian customers to local site in July
Jun 01, 2018 - 16:07
The government would not back down on the new tax rules, which would raise AU$300 million a year, Morrison said. Australian users weren't happy with their government's decision, and are calling the GST as the "Amazon tax".

isis-killer-beheading-video-story-top Swiss tribunal clears banned Peru captain Guerrero for World Cup
Jun 01, 2018 - 15:43
Earlier on Thursday CAS issued a statement saying it would not object if Guerrero was cleared to play in Russian Federation . That decision followed an appeal by the World Anti-Doping Agency (WADA) which considered six months as too lenient.

isis-killer-beheading-video-story-top Trump weighs in as backlash against ‘racist’ Roseanne Barr continues
May 31, 2018 - 17:44
Trump , who has been an ardent supporter of the show , is now weighing in on the matter on Twitter . They do it because we have a white trash racist president.

isis-killer-beheading-video-story-top Meghan Markle and Prince Harry to honeymoon in Canada
May 31, 2018 - 17:32
According to Us Weekly , 33-year-old Harry is sporting a navy suit and 36-year-old Meghan is wearing a light-blue dress in the pic.

isis-killer-beheading-video-story-top Maria Sharapova fires warning to French Open draw after surviving early scare
May 31, 2018 - 17:22
An error-strewn game from Serena saw her broken at 3-3, but she broke right back and held to love consolidating at 5-3. "I feel like a warrior wearing it, a queen from Wakanda [a reference to the Black Panther movie] maybe", she said.

isis-killer-beheading-video-story-top Russian Federation forces among dozens dead in IS east Syria attacks
May 31, 2018 - 17:20
The Syrian government, backed by Russian and Iranian military, now controls most of central Syria, including Aleppo. According to him, the remaining 26 of the dead were in the forces controlled by Syrian President Bashar al-Assad.

isis-killer-beheading-video-story-top Cavaliers’ Finals date with Warriors doesn’t look so hot
May 31, 2018 - 17:19
If both teams stay healthy, Golden State's going to win. "That's if you're lucky, you'll get to that point", James said. The Heat reached the NBA Finals all four seasons and won back-to-back NBA Championships in 2012 and 2013.

isis-killer-beheading-video-story-top RISDON: Expansion critics - Ottawa has chosen West Coast over East Coast
May 31, 2018 - 17:19
They are led by British Columbia, which is trying to stop the pipeline development in the courts on environmental grounds. Vancouver Mayor Gregor Robertson called the pipeline an "unacceptable risk" that threatens 10,000 jobs in the harbour.