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  • 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...

  • 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...

  • 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...

  • European markets close in red  Friday, 12 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including stocks falling 5 percent in one week.

  • 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...