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Rome's mayor is seeking to ban private traffic on a roadway from the central Piazza Venezia to the Colosseum, prompting a histrionic debate.
Spanish Prime Minister Mariano Rajoy acknowledged on Thursday he made a mistake in his handling of a major corruption scandal in the ruling centre-right People's Party, but vigorously denied he had received illegal payments.
In the midst of political turbulence, forthcoming elections, austerity and even a corruption scandal, Europe's leaders are set to take their annual vacation from the hurly-burly of political life.
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
British manufacturing grew at its fastest rate in more than two years at the start of the third quarter and looks set to help the recovering economy gain momentum, a survey showed on Thursday.
Royal Bank of Scotland is looking to appoint its former head of retail banking, Ross McEwan, as the new chief executive to replace Stephen Hester.
Frédéric Oudéa, chief executive of Societe Generale (SocGen) said he was happy with the bank's business performance after the French banking group reported second quarter net profit of 955 million euros ($1.26 billion), above a Reuters consensus of 703 million euros.
Royal Dutch Shell reported a 20 percent drop in second-quarter earnings on Thursday as higher costs, exploration charges, exchange rate effects and challenges in Nigeria took their toll.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
Schneider Electric's takeover of Invensys will be good for both shareholders and customers, its CEO told CNBC, allowing the company to compete more effectively with its rivals.
Italy's largest insurer Generali reported first first-half net profit on Thursday that beat market expectations, its strongest half-year performance in five years.
U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.
Mario Draghi is in favor of publishing the minutes of the bank's monetary policy meetings, which have until now never been released.
The currency markets will be thrown into disarray this week as key monetary policy meetings take place around the world, HSBC's David Bloom told CNBC.
An Italian public prosecutor on Tuesday asked the country's top court to reduce former Prime Minister Silvio Berlusconi's ban from public office for tax fraud to three years from five years.
The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.
Unemployment in the euro zone remained unchanged from the previous month in June, at 12.1 percent, according to the latest data from Eurostat.
The French, it seems, are falling out of love. Not with free health care, or short workweeks, or long vacations in August. But with bread, the New York Times reports.
France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business.
Diageo remains confident about China despite a slowdown in growth in the world's second-biggest economy as the spirits group reports 18 percent growth in operating profit in emerging markets.
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Andrew Colquhoun, head of Asia-Pacific sovereigns at Fitch Ratings, explains why fears of a Chinese slowdown are excessive and pessimistic.
Alan Knuckman, chief options strategist at Bulls-Eye Options, says he is more concerned by the threat of deflation than inflation in the U.S., ahead of the latest job figures.
Dinesh Paliwal, CEO of Harman International Industries, discusses his company's role in connecting customers' cars to everything else in their lives.