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  • BRASILIA/ SAO PAULO, July 30- Brazil announced another cut to education spending on Thursday, the latest step back from President Dilma Rousseff's pledge to turn the Latin American giant into an "education nation" in her second term. Brazil will reduce the amount it spends on education by 1 billion reais this year as part of a round of budget cuts announced last week,...

  • WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • MILAN— Fiat Chrysler Automobiles on Thursday raised its revenue forecast after strong sales in North American and a recovery in the European market boosted second-quarter profits by 70 percent. The company said in a presentation to analysts Thursday that it didn't expect the Ram buyback offer to cost more than $20 million. Fiat Chrysler reported its net...

  • MILAN— Italian oil and gas company Eni on Thursday reported second-quarter losses of 113 million euros amid a sharp decline in oil prices, but raised its forecasts on production this year as new fields come on line. Eni increased its full-year guidance to 7 percent growth in production, up from 5 percent, with new fields starting or ramping up in Venezuela, Angola,...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file claims...

  • TORONTO, July 29- A Canadian law firm said it filed a lawsuit against Fiat Chrysler Automobiles on Wednesday seeking about $4 billion in damages, in connection with the massive recall announced by the automaker earlier in July. Merchant Law Group said the lawsuit, which seeks class action status, was filed in the Superior Court in Montreal. It said it plans to file...

  • July 29- PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, is now willing to negotiate a new deal with rival suitor Exor SpA, according to people familiar with the matter. This would be the first time that Bermuda- based PartnerRe negotiates a potential merger with Exor since the Italian investment...

  • European stock markets advance on bumper earnings Wednesday, 29 Jul 2015 | 12:32 PM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • ROME— Pope Francis has declared a Jubilee Year for Rome, and the first of as many as 30 million people may start pouring into Rome. Just when Rome needs to be at its best, the city is being shamed by corruption scandals and a breakdown in public services— especially in the mass transit that many of the pilgrim masses will use. The actions are part of a protest against Rome...

  • CNH Industrial profits down 55 percent in second quarter Wednesday, 29 Jul 2015 | 8:06 AM ET

    MILAN— CNH Industrial, the Italian maker of construction and agriculture machinery, says second-quarter earnings dropped by more than half on lower sales of combines and larger tractors in North and South America. CNH Industrial, which was formed from the full merger of Fiat Industrial with its CNH subsidiary, reported Wednesday that profits dropped to 178...

  • European stock markets advance, Italcementi surges Wednesday, 29 Jul 2015 | 6:19 AM ET

    *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 50 percent while HeidelbergCement fell more than 5 percent.

  • France deploys riot police to bolster Calais security Wednesday, 29 Jul 2015 | 5:02 AM ET

    CALAIS, France— The young Afghan has tried every single day for three months to get into the railway tunnel in Calais leading to England and what he hopes will be a better life. Men and women, some hiding their faces beneath bandannas, walked single file to sneak over a bent fence along the train tracks leading to the tunnel and ultimately to England.

  • MILAN, July 27- Thai businessman Bee Taechaubol will be in Milan this week as talks to buy 48 percent of top-flight Italian soccer club AC Milan reach their end-of-the-month deadline for agreement, a source close to the matter said on Monday. Former prime minister Silvio Berlusconi, who has owned the Milan club since the 1980 s, approved an outline deal early in...

  • OZD, Hungary— The workers wake up in the middle of the night and walk miles to get to their jobs by 6 a.m. Taking up hoes and rakes, they toil for hours with little chance of rest. David Janiczak's leaderhip in Ozd gives clues into what Hungary might feel like if the surging Jobbik managed to unseat Prime Minister Viktor Orban's conservative Fidesz party— which is...

  • Thai Airways suspends unprofitable US flights Monday, 27 Jul 2015 | 2:22 AM ET

    BANGKOK— Thailand's beleaguered national airline said Monday it will suspend flights to the U.S. as part of efforts to end years of losses. The airline will suspend the unprofitable four roundtrip flights per week from Bangkok to Los Angeles and from Bangkok to Rome, starting October 25, Thai Airways President Jarumporn Chotikasathein said in a statement.

  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...

  • European markets close: Selloff in commodities Friday, 24 Jul 2015 | 11:27 AM ET
    European markets close: Selloff in commodities

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Europe miners and earnings impact.

  • ROME— Italian news reports say at least seven people have died in an explosion at a fireworks factory near Bari, on Italy's Adriatic coast. Prosecutor Giuseppe Volpe was quoted as saying it will take at least a day for the flames to go out so firefighters can get inside. The factory was in full swing as many of Italy's small towns celebrate religious festivals at...

  • ROME— Italy's summer of woe got worse Friday with one strike at Pompeii that left lines of tourists baking in the sun outside the World Heritage archaeological site and another at Alitalia that left passengers scrambling to rebook cancelled flights. The slowdowns added to record-high temperatures and labor slowdowns that have made living in and visiting...

  • NEW YORK— The deal that, for now, decided the ride-hailing behemoth Uber's future in New York City began with a phone call to Rome. City Council Speaker Melissa Mark-Viverito on Tuesday called Mayor Bill de Blasio, who was attending a conference at the Vatican, to tell him she had secured enough votes to pass legislation that would put a severe cap on Uber's growth.