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  • Alitalia's new strategy envisions new routes from Rome to Dusseldorf, San Francisco, Beijing, Santiago, Chile, among other cities, and extra flights to New York, Chicago, Rio de Janeiro and Abu Dhabi, Etihad's hub. Strategy focuses on three Italian hubs: Milan's Malpensa airport for increased long-haul flights; Milan's Linate for more connections to partner...

  • ZAGREB, Jan 20- Croatian banks urged parliament on Tuesday to reject a government proposal to protect homeowners who took out mortgages in Swiss francs by fixing the exchange rate for one year. Some 60,000 housing loans in Croatia are denominated in Swiss francs, and their current value is around 27 billion kuna. The government wants the rate fixed at 6.39 kuna...

  • Gucci salutes France in first post-Giannini collection Monday, 19 Jan 2015 | 11:32 AM ET

    MILAN— The fashion curtain call is part of the ritual of the runway show, with each designer's personality reflected in that final bow. Donatella Versace walks a good 10 meters out to salute the crowd, while Giorgio Armani stands perfectly lit in the darkened stage entrance. Giannini's exit from the storied Florentine fashion house was announced last month by...

  • NEW YORK— Conservative distrust of Pope Francis, which has been building in the U.S. throughout his pontificate, is reaching a boiling point over his plan to urge action on climate change— and to do so through a document traditionally used for the most important papal teachings. And he said he wanted his encyclical out in plenty of time to be absorbed before the next...

  • FRANKFURT, Jan 19- Germany's Bundesbank is mounting a last-ditch drive to limit money-printing by the ECB, hoping either to soften the blueprint or delay decisions on key parts beyond this week, people familiar with the debate say. With markets primed for a European Central Bank announcement on Thursday, Germany's central bank is worried that a program to buy...

  • LONDON/ PARIS, Jan 19- European shares hit a seven-year high on Monday as Italian banks rallied, boosted by the prospect of a significant corporate governance revamp, and Swiss shares clawed back some of last week's sharp losses. Broader market sentiment has been supported by expectations the European Central Bank will unveil plans to buy sovereign bonds at the...

  • European shares hit seven-year high, all eyes on ECB Monday, 19 Jan 2015 | 4:07 AM ET

    *Germany's DAX up 0.7 pct, hits fresh record high. PARIS, Jan 19- European shares hit a seven-year high on Monday, lifted by growing expectations that the European Central Bank is about to embark on a bond-buying program to support the euro zone economy. Julius Baer featured among the top gainers, up 5.3 percent, after the private bank said it did not suffer any losses...

  • MILAN— Europe's automakers' association ACEA has confirmed that the industry's six-year decline ended last year, reporting a 5.7- percent increase in car sales in 2014 to 12.5 million vehicles. Carlos Ghosn, the CEO of Nissan and Renault, said this week at the Detroit Motor Show that he expects European growth this year to be slow, around 1 percent to 2 percent.

  • Exclusive: Hedge fund managers pick top 2015 ideas Thursday, 15 Jan 2015 | 2:30 PM ET
    An M346 aircraft produced by Alenia Aermacchi SpA, a unit of Finmeccanica SpA, performs at the Farnborough International Air Show last July.

    The results are in for this special investing contest, judged by top hedge fund managers.

  • Swiss abandons peg on franc  Thursday, 15 Jan 2015 | 11:30 AM ET

    CNBC's Simon Hobbs takes a look at how European markets are responding to the Swiss central bank's foreign exchange move.

  • *Italy launches new 30- year bond to tap yield hunt. LONDON, Jan 15- French and Belgian bonds underperformed their euro zone peers on Thursday after the Swiss National Bank unexpectedly dropped its limit on the franc's exchange rate against the euro, meaning it will buy less euro-denominated debt. Analysts ruled out a more pronounced selloff, saying the SNB move...

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • *Faltering euro zone and China, disinflation biggest risks. BENGALURU, Jan 15- Global economic growth will be modest at best in the coming year as weak inflation persists, Reuters polls showed on Thursday, while a faltering euro zone and China could restrain it further. Economists polled over the past week by Reuters say the biggest risk to the global economy this...

  • European markets close: Copper slammed  Wednesday, 14 Jan 2015 | 11:24 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the major hit to copper and London's market.

  • Italy's Renzi 'wants a poodle' for president  Wednesday, 14 Jan 2015 | 11:15 AM ET

    With Giorgio Napolitano stepping down as Italy¿s President, CNBC's Julia Chatterley talks to Francesco Galietti, CEO of Policy Sonar. Galietti says that Renzi needs an "expert and a veteran," but wants a "poodle."

  • A potential power shift in Italy?  Wednesday, 14 Jan 2015 | 11:10 AM ET

    Discussing Giorgio Napolitano stepping down as Italy's president, Jacopo Barigazzi, journalist and policy analyst in Milan, says that Italy needs a "strong figure" as president, as Italy still needs to overcome its economic crisis, and the president has more power than its prime minister.

  • EU offers some budget relief to struggling nations Wednesday, 14 Jan 2015 | 8:39 AM ET

    BRUSSELS— The European Union is giving member states struggling with debt more leeway in their spending plans despite EU rules on deficits and debt. EU officials raised the possibility Wednesday for nations like Italy and France to contribute to a planned 315 billion euro investment scheme to spur growth and jobs in Europe, even if their budgets are already...

  • World Bank cuts 2015 forecast  Wednesday, 14 Jan 2015 | 6:11 AM ET

    CNBC's Seema Mody reports there's lots of speculation about the ECB ahead of next week's big meeting.

  • Italy's next president needs to be a unity figure: Pro  Wednesday, 14 Jan 2015 | 1:15 AM ET

    Italian president Giorgio Napolitano is expected to resign on Wednesday. Alberto Carnevale-Maffe, professor of strategic and entrepreneurial management at SDA Bocconi School of Management, discusses the qualities the next candidate needs to have.

  • Regent Seven Seas will charge $5,000 a night, per person, for a luxury suite the size of a house— with 3,875 square feet of space— onboard its new Regent Seven Seas Explorer ship. The Regent Suite will include a grand piano, two bedrooms, views from three sides of the ship, and a personal spa retreat with a private sauna, steam room and treatment area.