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  • La Scala expects Expo labor dispute to blow over Tuesday, 27 Jan 2015 | 10:16 AM ET

    MILAN— La Scala's general manager says he expects to find a solution to a union dispute over the opening concert for the world's fair Expo 2015 on May 1, which coincides with the traditional labor day holiday. The inaugural Expo concert was placed in doubt after the local CGIL labor federation last week called on its members who work at La Scala to join labor day...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • ROME— Italy is making waves by turning stereotypes on their head— and selling the world its more serious side. People here are reacting with surprise at the possibility that Italy may have finally figured out how to market itself abroad— by acknowledging stereotypes only to show a different "Made in Italy" that Italians can be proud of. The ministry of economic...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • The election result in Greece reflects a growing European backlash against austerity policies. Across the continent, support is growing for parties and groups outside the mainstream like Syriza, which triumphed in Greece on Sunday after pledging to renegotiate the country's huge bailout agreements. The Northern League party has seen its poll numbers rise...

  • ROME— Prosecutors asked a court to convict the captain of the Costa Concordia and sentence him to 26 years in prison Monday for the 2012 shipwreck off Tuscany that killed 32 people, saying the term is hardly excessive given the death toll. Prosecutor Maria Navarro also asked the court to detain Capt. Francesco Schettino again and seize his passport and...

  • LOS ANGELES— Like pilgrims flocking to a holy shrine, they come from all over the world to pay homage to that symbol of celebrity, the Hollywood Sign. "There will probably be 10,000 of them here this weekend," one homeowner, Guy Pohlman, complained as he recently watched a parade of cars pass his home. Peter's Basilica in Rome or the Acropolis in Greece, they press to get as...

  • LISBON, Portugal— The fate of the European Central Bank's aggressive plan to stimulate the economy out of stagnation lies with the 340 million people in the 19- country euro alliance. The ECB plans to pump more than 1 trillion euros in new money into the region's economy. —Mario Polegato, billionaire chairman of Italian shoe company Geox SpA:.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • LONDON, Jan 23- Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticized during the euro zone debt crisis when several countries in the single currency area had to be bailed out. The reasoning is that a country can...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • FLORENCE, Italy, Jan 23- The European Central Bank's bond-buying program must not be used as a justification by euro zone governments to slacken economic reforms, German Chancellor Angela Merkel said on Friday. "I don't have the impression that the decision by the European Central Bank could lead to Italy saying' we don't need to reform anymore'.

  • Merkel encouraged by Italian reforms Friday, 23 Jan 2015 | 6:44 AM ET

    FLORENCE, Italy— German Chancellor Angela Merkel says she is encouraged by Italy's reform course, after a series of bilateral meetings with Italian Premier Matteo Renzi. She noted that German entrepreneurs in Italy told her they now felt free to hire workers, and that "they are no longer afraid of the incalculable costs. Renzi said that Italy "can and must...

  • MANILA, Philippines— When the pope comes to town a big bill awaits the host country, but the mammoth crowds whipped up by the Roman Catholic Church leader also offer plenty of good business. In pope-adoring Philippines, which hosted the pontiff for a five-day visit that ended early this week, a massive logistical effort tested the resources of a country that has...

  • The ECB's new chapter  Thursday, 22 Jan 2015 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the formal announcement of European quantitative easing.

  • INSIGHT-The smoke around e-cig science Thursday, 22 Jan 2015 | 6:00 AM ET

    *Wide variety of e-cigs a problem for researchers. *Tobacco firms join e-cig companies in sponsoring research. LONDON, Jan 22- From Apple Pie to Bubbly Bubble Gum, Irish Car Bomb or Martian bar- from Mars!

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • European shares rise for 5th day on ECB stimulus bets Wednesday, 21 Jan 2015 | 12:42 PM ET

    LONDON/ PARIS, Jan 21- European shares rose for a fifth straight day to close at a seven-year high on Wednesday as speculation mounted about the size and timing of a sovereign bond-buying programme expected to be unveiled by the European Central Bank. A euro zone source told Reuters on Wednesday the ECB's Executive Board has proposed that the bank buy 50 billion...