×

Europe Top News and Analysis Italy

  • MILAN, May 26- Banca Popolare di Vicenza and Veneto Banca have asked an investment fund backed by Italy's healthier banks to come to their rescue by helping to cover a capital shortfall, as demanded by the European Union. Rome has sought EU approval for months to bail out the two Veneto- based lenders and bigger rival Monte dei Paschi di Siena under strict EU bank...

  • ROME, May 26- A Rome court annulled a short-lived ban on ride-hailing app Uber on Friday in the latest twist to a battle between the San Francisco- based multinational and Italy's traditional taxi cabs. A lower court had already ordered temporary suspension of the ban, which was imposed in April and affected several Uber phone applications and prevented it from...

  • MILAN, May 26- Struggling Italian lender Banca Popolare di Vicenza has asked an investment fund backed by the country's healthier banks to come to its rescue by injecting funds to help cover a capital shortfall as required by the European Commission. Popolare di Vicenza and another regional lender in need of additional capital, Veneto Banca, have requested...

  • TAORMINA, Sicily— President Donald Trump has criticized Germany's trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point. White House economic adviser Gary Cohn said the president's comments focused on the surplus and not the country: "He said they're very bad on trade,...

  • Italian Prime Minister Paolo Gentiloni, Germany’s Chancellor Angela Merkel, U.S. President Donald Trump and European Council President Donald Tusk attend the G7 summit in Taormina, Sicily, Italy, May 26, 2017.

    President Donald Trump is "leaning to understanding the European position" on the international pact, Gary Cohn says.

  • TAORMINA, Italy, May 26- A top adviser to Donald Trump confirmed on Friday that the U.S. president had criticised Germany as "very bad" on trade at a meeting with EU officials in Brussels on Thursday. "He said they're very bad on trade, but he doesn't have a problem with Germany," White House economic adviser Gary Cohn told reporters at a Group of Seven summit in Sicily.

  • TAORMINA, Italy, May 26- Leaders from the world's major industrialised nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. The two-day summit, at a cliff-top hotel overlooking the Mediterranean, began a day after Trump blasted NATO allies for spending too little on defence and described Germany's trade...

  • *European stocks open down, track Asia. LONDON, May 26- Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. Britain's pound tumbled 0.8 percent to a three-week low of $1.2834 and hit...

  • French President Emmanuel Macron (L) and German Chancellor Angela Merkel (2nd L) speaks as US President Donald Trump (C) arrives next to Greek Prime Minister Alexis Tsipras (R) for a family picture during the NATO (North Atlantic Treaty Organization) summit at the NATO headquarters, in Brussels, on May 25, 2017.

    World leaders braced for contentious talks with Trump at the G-7 summit after he earlier lambasted NATO allies for not spending more on defense.

  • LONDON, May 26- Gold hit its highest in nearly four weeks on Friday in response to a weaker dollar and political uncertainty that led investors to shun riskier assets in favor of bullion. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said. Leaders of the world's rich nations face difficult talks with Donald Trump at a G7 summit in Sicily on...

  • TAORMINA, Italy, May 26- Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier. Later, the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States will hold...

  • *STOXX 600 down 0.5 pct, FTSE hits fresh record. *Energy stocks down after OPEC disappointment. The pan-European STOXX 600 index fell 0.5 percent and euro zone blue chips fell 0.7 percent by 0922 GMT, while in London both the main FTSE 100 benchmark and mid caps nudged higher to hit fresh record highs.

  • TAORMINA, Sicily— The Latest on the G-7 summit in Taormina, Sicily:. German Chancellor Angela Merkel says she's spoken to President Donald Trump about his reported criticism of Germany for its trade surplus with the U.S. The leaders meeting in Taormina, Sicily signed a declaration pledging to intensify the fight against terror in the wake of "the brutal attack in...

  • TAORMINA, Italy, May 26- European Commission President Jean-Claude Juncker denied on Friday that U.S. German media reports said Trump had denounced Berlin's policies as "very bad" and had signalled that he wanted to limit sales of German cars in the United States. "He did not say that the Germans were behaving badly," Juncker said in Sicily before the start of a Group...

  • *G7 leaders to hold two days of talks in Sicily. TAORMINA, Italy, May 26- Leaders of the world's rich nations braced for contentious talks with Donald Trump at a G7 summit in Sicily on Friday after the U.S. president lambasted NATO allies for not spending more on defence and accused Germany of "very bad" trade policies. The summit will kick off with a ceremony at an...

  • We want to build bridges, not walls: Juncker

    President of the European Commission Jean-Claude Juncker speaks ahead of the G-7 meeting in Sicily.

  • Trade, Trump top of the agenda at G-7 meeting

    CNBC's Willem Marx reports from the G-7 meeting in Sicily, saying that the world leaders present will try to gauge U.S. President Donald Trump's views on trade.

  • TAORMINA, Sicily— Leaders of the Group of Seven wealthy democracies on Friday put pressure on internet companies and social media sites to do more to stop the spread of "hateful ideology," appealing to their sense of social responsibility to more swiftly identify and remove terror propaganda. The measure signed by the seven nations' leaders was a show of...

  • TAORMINA, Italy, May 26- U.S. Hosts Italy hope the luxurious, relaxed surroundings will give the rich-nation leaders a rare chance for wide-ranging debate on an array of international issues, including Syria, North Korea and the global economy. A senior Italian diplomat said Trump and the heads of Britain, Germany, France, Italy, Japan and Canada saw eye-to-eye on...

  • TAORMINA, Italy, May 25- U.S. President Donald Trump expects a tough debate over trade and climate change with other Group of Seven leaders at their forthcoming summit, White House economic adviser Gary Cohn said on Thursday. Trump and the leaders of Japan, Canada, Germany, France, Britain and Italy are due to hold two days of talks in Sicily, with the U.S. president...