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  • Italian media say EU to approve Rome's 2015 budget Sunday, 23 Nov 2014 | 12:33 PM ET

    ROME, Nov 23- The European Commission will give the green light to Italy's 2015 budget and re-examine in March whether promised reforms have been made to boost the ailing economy, main Italian news outlets said on Sunday. Italy's biggest newspapers and broadcast outlets said on Sunday the Commission had given the "all-clear" to the document and agreed with Renzi...

  • BRUSSELS, Nov 21- Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday. The United States and the European Union are trying to seal a free trade deal which could bring economic gains of around $100...

  • Germany's EU commissioner doubts Hollande's reforms Friday, 21 Nov 2014 | 1:31 AM ET
    Günther Oettinger

    Germany's European commissioner has questioned whether President Hollande has the "willingness to act" to reform the French economy, the FT reports.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • Outrage in Italy after asbestos case is thrown out Thursday, 20 Nov 2014 | 8:43 AM ET

    ROME— Premier Matteo Renzi added his voice to a chorus of outrage across Italy on Thursday after the country's highest court threw out a conviction against a Swiss businessman for some 3,000 asbestos-related deaths blamed on contamination from a construction company. The Court of Cassation ruled late Wednesday that the statute of limitations had expired...

  • DIARY - Top economic Events to Dec 3 Wednesday, 19 Nov 2014 | 7:01 PM ET

    MADGEBURG, Germany- Bundesbank Vice President Claudia Buch speaks in Magdeburg, Germany- 1730 GMT. VIENNA- ECB Governing Council member Ewald Nowotny to speak on "Understanding of economic matters" in Vienna- 1700 GMT. FRANKFURT- EU Council President Van Rompuy, ECB Supervisory Board Chair Daniele Nouy, ECB Executive Board member Sabine Lautenschlaeger to take...

  • UPDATE 1-Marlboro HeatSticks on sale in Milan this week Wednesday, 19 Nov 2014 | 2:03 PM ET

    LONDON, Nov 19- Philip Morris International Inc, the world's largest tobacco company, plans to launch its new iQOS smokeless device and Marlboro HeatSticks in Milan, Italy on Thursday following a better-than-expected launch in Nagoya, Japan earlier this month. The burgeoning market for electronic cigarettes is a key battleground for Big Tobacco players such...

  • Weary Italy vents its rage in spate of strikes and protest Wednesday, 19 Nov 2014 | 12:50 PM ET

    ROME, Nov 19- Italy's social fabric is fraying. Scarcely a day goes by without Italy's main cities being disrupted by workers, students or angry citizens' groups. Centre-left Prime Minister Matteo Renzi has been wrong-footed by the souring mood and his approval ratings are falling.

  • LONDON, Nov 19- India's JSW Steel and Algeria's Cevital have submitted final bids for the troubled Lucchini Piombino steelmaking complex, Italy's second-largest steel producer, which is battling for survival. Lucchini was owned by Russia's Severstal, but was declared insolvent in 2012 and placed under special administration. The company said on Wednesday...

  • Governments pledge more to prevent malnutrition Wednesday, 19 Nov 2014 | 5:49 AM ET

    ROME— More than 170 governments pledged Wednesday to do more to prevent malnutrition around the globe, adopting voluntary guidelines to promote healthy diets and reduce levels of obesity at the start of a three-day U.N. conference. Currently, 2 billion people— one-third of the world's population— suffer from nutritional deficiencies, including vitamin A,...

  • DIARY - Top economic Events to Dec 2 Tuesday, 18 Nov 2014 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of New York First Vice President Christine Cumming speaks before the ClearingHouse Annual Conference Payment System Risk Symposium- 1830 GMT. LONDON- Bank of England will release the minutes from its November policy meeting- 0930 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik will be present at the parliament's...

  • Yikes! Olive oil prices could soar on poor harvest Tuesday, 18 Nov 2014 | 11:47 AM ET
    Italy's 2014 olive harvest was declared by both producers and experts as the worst in history, due to adverse climatic conditions which helped the olive fly proliferate, thus destroying the olives before they could be harvested.

    If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather—and tiny insects.

  • European markets close: Draghi rally     Tuesday, 18 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a big rally after ECB president Mario Draghi's dovish comments on quantitative easing.

  • European car sales rise for 14th straight month Tuesday, 18 Nov 2014 | 3:59 AM ET

    MILAN— The European car market continued its recovery in October, recording a 6.5 percent increase in sales to 1,072,837 units. Spain grew by 26 percent, Britain by 14 percent and Italy, despite the continuing recession, by more than 9 percent. Powerhouse Germany saw a more modest increase of 3.7 percent.

  • Blighted harvest drives olive oil price pressures Tuesday, 18 Nov 2014 | 2:19 AM ET

    BEJA, Portugal— If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather— and tiny insects. High spring temperatures, a cool summer and abundant rain are taking a big bite out of the olive harvest in some key regions of Italy, Spain, France and Portugal. In Spain, the world's biggest producer, the young farmers'...

  • Fisheries body raises quota on endangered Bluefin Monday, 17 Nov 2014 | 1:08 PM ET

    MILAN— A multi-nation fisheries body on Monday raised the quotas for endangered Bluefin tuna in the Atlantic Ocean and Mediterranean Sea to the dismay of conservationists, who said the move puts early signs of population recovery at risk. Next year's quota for Bluefin tuna off the United States, Canada and Mexico was raised by 14 percent to 2,000 metric tons by...

  • European markets close: Draghi rallies market     Monday, 17 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the impact of Mario Draghi's statement where he said the ECB could buy government bonds.

  • Pope confirms Philly trip for families conference Monday, 17 Nov 2014 | 4:46 AM ET

    Pope Francis confirmed Monday that he will make his first papal visit to the United States with a trip to Philadelphia next September for the World Meeting of Families, a conference held every three years in a different city to celebrate the importance of family. It will be the second papal visit to Philadelphia— John Paul II celebrated Mass in the city in 1979— and...

  • 1 missing as heavy rains drench water-logged Italy Saturday, 15 Nov 2014 | 1:22 PM ET

    ROME— Heavy rains across an already water-logged north-central Italy have flooded towns anew, burst riverbanks and forced limited evacuations. News reports said one man near Genoa was unaccounted for after his car got swept away. The civil protection agency issued flood alerts Saturday for a large swath of Italy, from Genoa on the west coast to the Veneto on the...

  • Fargo mapmaking group adds depth to the discussion Saturday, 15 Nov 2014 | 12:10 PM ET

    FARGO, N.D.— Workers at Nokia's Fargo campus have spent 18 years making maps, but they recently moved into another dimension. The Fargo technical center is known as HERE, but its 230 employees come to work every day and feel like they're everywhere. "I've seen awesome buildings in Milan, in Paris, things like that.