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Italy

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  • 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...

  • 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,...

  • 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.

  • 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...

  • PARIS, Dec 13- Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules. "France announced that it will not reach the agreed deficit goal in 2015 and has clearly put back the...

  • Italian government passes anti-corruption package Friday, 12 Dec 2014 | 3:50 PM ET

    MILAN— Premier Matteo Renzi's government has adopted new anti-corruption measures in the wake of a scandal in Rome raising the specter of Mafia infiltration into the winning of public contracts. Renzi's ministers passed the measures in Rome late Friday, including tougher penalties such as the restitution of all ill-gotten gains and a longer statute of...

  • CEO and creative director of Gucci stepping down Friday, 12 Dec 2014 | 7:56 AM ET

    MILAN— Gucci creative director Frida Giannini and CEO Patrizio di Marco are leaving their posts next year, the luxury brand's parent company said Friday, in what is the biggest shake-up since star designer Tom Ford left 12 years ago. Florence- based Gucci, which analysts say is responsible for two-thirds of Kering's profits, saw third-quarter revenues drop 2...

  • Thousands of Italians protest economic reforms Friday, 12 Dec 2014 | 4:42 AM ET

    MILAN— Tens of thousands of union workers marched through more than 50 Italian cities on Friday to protest government economic reforms that they say erode their rights. In a sign of discord within his own Democratic Party, some of its members joined the marches. Susanna Camusso, the leader of CGIL, Italy's largest union, led a protest march in the northern city of...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • WASHINGTON, Dec 11- The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there. Bogdan said Italy would do initial heavy maintenance of the jets, with Britain providing backup if needed.

  • Italy to run F-35 fighter jet service center Thursday, 11 Dec 2014 | 4:04 PM ET

    MILAN— Italy's defense minister and the U.S. ambassador to Italy announced Thursday that an Italian site run by defense contractor Finmeccanica has been designated as the assembly site and maintenance center for all F-35 fighter jets based in Europe. The deal announced in Rome is a boost for Italy, which is suffering from double-digit unemployment and...

  • Fiat Chrysler denies plans to expatriate Ferrari Thursday, 11 Dec 2014 | 1:34 PM ET

    MILAN— Carmaker Fiat Chrysler is denying rumors that Italian luxury sports carmaker Ferrari SpA is considering moving its tax home out of Italy as part of a spinoff. Fiat said in a statement Thursday that "these rumors have no grounds," and that Ferrari's activities "will continue to be subject to Italian tax jurisdiction." The newly merged Fiat Chrysler...

  • FTSE falls for fourth session  Thursday, 11 Dec 2014 | 11:30 AM ET

    CNBC's Carl Quintanilla reports on all the market moving events in Europe today.

  • *Looking to raise 100- 150 mln stg in debt or equity-source. PARIS/ LONDON, Dec 11- Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss. Aston Martin, James Bond's carmaker of...

  • From Ferragamo to Missoni, sneakers tread a trend Thursday, 11 Dec 2014 | 2:56 AM ET

    MILAN— Ferragamo creative director Massimiliano Giornetti knew sneakers had truly arrived as a fashion statement when, at a formal dinner in Rome, he spotted a former Italian senator of a certain age wearing them with a pinstripe suit. "It was not provocative," Giornetti said. "For many men, they treat sneaker purchases in exactly the same way they would treat shoe...

  • Ferrari looks to burnish brand value ahead of IPO Thursday, 11 Dec 2014 | 1:11 AM ET

    MILAN— Ferrari's sleek sports cars and souped-up Formula 1 racing machines have made the prancing horse logo among the world's most powerful brands. The Made-in- Italy luxury goods sector is abuzz over whether Marchionne's ambition could facilitate the creation of an alliance of high-end producers, one that might stand up to the French conglomerates like...

  • Fiat Chrysler prices share offering at $11 each Thursday, 11 Dec 2014 | 12:09 AM ET

    Dec 11- Fiat Chrysler Automobiles NV said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan. The mandatory convertible securities will be issued in denominations of $100 each and will be converted into FCA common shares on Dec. 15, 2016, it said.

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • Oil drives European markets lower  Wednesday, 10 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record low for the 10-year German bund and expectations for ECB QE.

  • Police arrest mobsters in Italy's Umbria region Wednesday, 10 Dec 2014 | 11:07 AM ET

    ROME— Italian police have arrested 54 suspected mobsters in Umbria, where investigators say the southern' ndrangheta crime syndicate has infiltrated the solar panel industry and other "green economy" businesses. Wednesday's crackdown appeared to confirm that the syndicate, lush with cocaine revenue, has increasingly spread out from its base in Calabria to...