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  • Smith & Nephew outperforms sluggish European markets Wednesday, 24 Dec 2014 | 8:43 AM ET

    *UK's FTSE 100 rises 0.2 pct to 6,609.93 points. The 7.7 percent jump in Smith& Nephew, after Bloomberg News reported U.S. rival Stryker was planning a takeover offer for it, allowed Britain's blue-chip FTSE 100 index to end 0.2 percent higher at 6,609.93 points. France's CAC ended down 0.4 percent as data showing another set of record unemployment figures in...

  • European shares inch up in shortened session Wednesday, 24 Dec 2014 | 3:03 AM ET

    PARIS, Dec 24- European stocks inched up on Wednesday in a shortened session ahead of the Christmas break, gaining ground for the seventh day in a row and mirroring a rally on Wall Street fuelled by unexpectedly strong U.S. The London Stock Exchange is set to close the session at 1230 GMT, while Euronext markets will close at 1305 GMT, along with the Madrid Stock...

  • Auto industry acts globally _ except on recalls Wednesday, 24 Dec 2014 | 3:01 AM ET

    Six years ago, Honda began recalling driver's side air bags in the U.S. The air bags, made by Japanese supplier Takata Corp. at a now-shuttered plant in Georgia, can inflate with too much force, spewing shrapnel into the vehicle. But it wasn't until November of this year— after the death of a driver in Malaysia— that Honda recalled driver's side air bags in small cars...

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • MILAN, Dec 22- Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme said that Chinese workers assembling its handbags in Italy were working more than three times their contracted hours. Aroldo Guidotti of subcontractor Mondo Libero said the employees toiled away for as long as 14 hours a day,...

  • TripAdvisor fined $600,000 by Italian anti-trust Monday, 22 Dec 2014 | 1:02 PM ET

    MILAN— Italy's antitrust authority has fined travel planning website TripAdvisor 500,000 euros following complaints of improper business practices lodged by a national hoteliers' association and a consumer protection agency. The antitrust authority said in a statement Monday that TripAdvisor had failed to adopt controls to prevent false reviews,...

  • MILAN, Dec 22- Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme showed Chinese employees working more than three times their official hours to assemble its handbags. Aroldo Guidotti of subcontractor Mondo Libero said the employees toiled away for as long as 14 hours a day, while they were...

  • EU summit tries to avoid angry farmers  Friday, 19 Dec 2014 | 11:28 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including an underperformance from Greece due to bribery allegations and the EU tries to avoid protests in Brussels.

  • Referendum sought in Italy about use of the euro Thursday, 18 Dec 2014 | 12:38 PM ET

    ROME— An opposition party in Italy is conducting a petition drive for a referendum that would ask citizens if they want to keep the euro as the country's currency. The 5- Star Movement, led by comic Beppe Grillo, would need to collect 500,000 signatures that were certified by a court to require such a ballot referendum. The party says it met the signature...

  • UK banks rally  Thursday, 18 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for energy stocks and euro zone banks.

  • Rise of the car-sharing apps poses threat to auto sector Thursday, 18 Dec 2014 | 10:15 AM ET

    The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...

  • Canada man finds woman for free trip around world Thursday, 18 Dec 2014 | 7:59 AM ET

    TORONTO— A Toronto man who made headlines last month by offering a free round-the-world air ticket to a woman with the same name as his ex-girlfriend has found Ms. Jordan Axani, 28, and his then girlfriend, named Elizabeth Gallagher, booked heavily discounted round-the-world air tickets in May, but their relationship ended and he didn't want her ticket to go to...

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • MILAN, Dec 17- Italy's top administrative court has given Emirates permission to continue operating direct flights between Milan Malpensa airport and New York, rejecting a request by rival airlines to stop the flights. An Italian court had initially backed their case and barred Emirates from flying on the New York- Milan route. Emirates is a direct competitor...

  • European energy stocks rebound  Wednesday, 17 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for energy stocks and decline for European airlines.

  • Verona's Arena to get $17.5 million restoration Wednesday, 17 Dec 2014 | 7:48 AM ET

    The deal falls under the government's Art Bonus initiative adopted this year that gives donors a 65- percent tax credit for helping restore or support Italy's art treasures, archaeological sites and theaters. While praising the initiative, Marco Parini, president of the Italia Nostra non-profit dedicated to the protection of Italy's cultural heritage,...

  • Russia's effect on European markets  Tuesday, 16 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bad day for Russia exposed stocks, and the BOE published the results of its stress tests.

  • Late financier's photo collection brings $21M Monday, 15 Dec 2014 | 12:22 PM ET

    NEW YORK— A collection of 175 photographs owned by one person has brought a total of $21.3 million at auction. The former CEO of Dreyfus Corp. died in 2011.. It also set records for a number of photographers including Alvin Langdon Coburn, August Sander and Tina Modotti.

  • Italian reforms: A step in the right direction?  Monday, 15 Dec 2014 | 4:30 AM ET

    Italian Prime Minister Matteo Renzi's labour reforms are a "step in the right direction", according to Anatoli Annenkov, senior European economist at Societe Generale, who argues that much more is needed, nevertheless.

  • Confusion on the menu for European allergen rule Saturday, 13 Dec 2014 | 9:53 AM ET

    PARIS— A European rule requiring restaurants, bakeries and supermarkets— or anyone mass-producing meals— to list any of 14 allergens that might appear on their menus is being met with confusion. Italy and France, with their strong restaurant and cafe culture, had yet to outline how the rule approved three years ago should be put into effect. Beatrix Chiusole, a...