×

Europe Top News and Analysis Italy

  • BRUSSELS, Feb 22- The European Commission warned Italy on Wednesday it could launch a sanctions procedure over the country's growing debt if Rome did not by the end of April adopt new belt-tightening measures worth at least 0.2 percent of its gross domestic product. But the EU executive commission had little room for leniency as Italy is set to increase its huge...

  • Olive Oil

    Lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent.

  • MILAN, Feb 22- Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. Italy has 130 billion euros in unlikely-to-pay loans, where borrowers are in trouble but remain in business. "Unlikely-to-pay loans are like purgatory: to avoid...

  • Greek olive oil shipments may drop, and consumer prices may spike if the crisis continues.

    The price of Italian olive oil is expected to jump by as much as 20 percent this year, after production was halved.

  • Taxi drivers protest against Uber

    Here are some of the key stories CNBC is following this hour.

  • ROME— From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices due to jump by as much as 20 percent. The combination of bad weather and pests hit the harvest in Southern Europe, most of all in Italy, where production is halved from last fall. That's pushing up Italian wholesale prices...

  • ROME— Thousands of Italian taxi drivers protesting legislation they say will favor Uber clashed with riot police Tuesday, intensifying a weeklong cab strike that has crippled transportation in Rome, Milan and Turin. The cabbies marched through Rome and protested in front of parliament, at the headquarters of the ruling Democratic Party and finally at the...

  • MADRID— French President Francois Hollande says he and the leaders of Spain, Italy and Germany will meet in early March to lay ground for a summit on the European Union's future after Britain's departure from the bloc. A joint declaration Hollande and Spanish Prime Minister Mariano Rajoy issued after meeting in Malaga on Monday said they plan to get together...

  • Italy poses the greatest threat to the euro area's stability in spite of the impending presidential elections in France; Deutsche Bank.

  • Italian Prime Minister Matteo Renzi delivers a speech during a press conference at Palazzo Chigi in Rome on November 28, 2016.

    Former Italian prime minister Matteo Renzi resigned as head of the ruling Democratic Party on Sunday.

  • President of French far-right Front National (FN) party Marine Le Pen delivers a speech during a major rally to launch her presidential programme on February 5, 2017 in Lyon, France.

    France's left-wing is gearing up for what promises to be a tough presidential campaign against far-right candidate Marine Le Pen.

  • MILAN— Italian media says the Bank of China has agreed to pay a 600,000- euro fine as part of a plea deal in a 4.5- billion-euro money laundering probe. The Bank of China said the plea deal was aimed at "avoiding a long trial and allowing the Milan branch to concentrate on developing its own business." It said the Milan branch had respected national and international...

  • Controversy is swelling in Italy over the Treasury's use of derivatives, which were its weapon of choice to insure its 2.2 trillion euros public debt- the second highest in the euro zone relative to economic output- against rising interest rates after the 2008 financial crisis. Opposition parties are calling for the publication of all the contracts, including...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit countries with the biggest debt pools such as Italy. Investors in Italy have been beset by political worries...

  • *Unilever says $50/ shr bid too low. LONDON, Feb 17- Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit country's with the biggest debt pools such as Italy. Investors in Italy have been beset by political worries...

  • *STOXX 600 down 0.5 pct, but remains close to 13- month high. MILAN, Feb 17- European shares fell on Friday with gains in insurance heavyweight Allianz and firmer pharma stocks more than offset by a pull-back in banking and mining stocks. Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting higher-than-expected...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit country's with the biggest debt pools such as Italy. Although investors in Italy have been beset by political...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit country's with the biggest debt pools such as Italy. Although investors in Italy have been beset by political...

  • *Leadership contest seen delaying explosive Italy election. The ECB currently weights its purchases based on the size of a country's economy, meaning the lion's share of buying is in Germany, but investors expect any deviation from that could benefit country's with the biggest debt pools such as Italy. Although investors in Italy have been beset by political...