Defamation Suit by Italian Premier Is Rejected By REUTERSPrime Minister Silvio Berlusconi lost a defamation suit against the magazine The Economist over a story that accused him of being unfit to lead Italy, the magazine said on Friday. Wanted: A Healthy Cash Infusion for Italy’s Starved Cultural Institutions By ELISABETTA POVOLEDOItaly’s new conservative government has slashed arts budgets for the next three years. Italians Critical of Chinese Gift COMPILED BY JULIE BLOOMA cultural exchange has turned into an awkward debate over aesthetics in Italy and China. Italy Agrees to $5 Billion Libya Reparations By THE ASSOCIATED PRESSItaly agreed to pay Libya $5 billion in compensation for its 32-year occupation of the country ending in 1943, the Libyan foreign minister said on Saturday. At Conference on the Risks to Earth, Few Are Optimistic By ANDREW C. REVKINThe goal of the conference is to foster “a science without secrets and without borders,” mixing disciplines and cultures, in the hopes of propelling breakthroughs. Spotlight on Local Laws Turns La Dolce Vita a Bit Sour By ELISABETTA POVOLEDOWhat began as a bit of summer fun in the Italian news media spun into an incident after a London newspaper wrote: “Tourists beware: if it’s fun, Italy has a law against it.”