9/26, 1:36 AM (Source: TeleTrader)
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Italian Democratic Party concedes election defeat

Italy's Democratic Party (PD) conceded defeat on Monday in the country's general election. According to early results, the right-wing coalition led by Brothers of Italy is slated to win over 40% of the ballot, while the center-left coalition, including the PD, stands at around 25%.

In its concession, the party stated it will be the biggest opposition party going forward. The PD's Debora Serracchiani stated that the right-wing alliance "has the majority in parliament, but not in the country."

Baha Breaking News (BBN) / DJ