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  • ROME— A court in the northern Italian city of Ivrea has convicted former Olivetti executive Carlo De Benedetti and 12 others of manslaughter and other offenses over workers' deaths or illnesses blamed on asbestos exposure. The industrialist received a 5- year-2-month prison term Monday. Prosecutor Laura Longo said the deaths "could have and should have been...

  • European markets close: Stocks down after French attack

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including travel stock declines.

  • That points to a slight softening in tone over efforts to defuse an unfolding banking crisis in Italy, although Berlin still flatly rejects a push by Rome to protect all investors, big and small, from any fallout. "We are not going to be' Taliban' on this," said the German government official, adding that there was a broad appreciation of the risks linked to Italy's...

  • Italian economy in poor shape for long time: Verstraete

    Bruno Verstraete, partner at Lakefield Partners, says the volatility in the European banking sector, particularly Italy has been way too high, when talking about his stock picks.

  • BOE surprises many at European markets close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Bank of England deciding not to cut rates due to a "sharp" fall in confidence.

  • BRUSSELS, July 14- Rules governing bank rescues provide for exceptions where financial stability is threatened, Europe's competition commissioner said on Thursday, but added that no situation had yet been judged serious enough to trigger them. Margrethe Vestager's remarks could indicate there is little appetite in Brussels to avoid imposing losses on...

  • *Bank sold stakes in units worth 1.1 billion euros this week. Italy's biggest bank by assets said on Monday it would conduct a strategic review of all its assets under new Chief Executive Jean-Pierre Mustier to try to improve profitability and its capital position. "We have to look at a capital increase because I don't believe that the European Central Bank will...

  • BRIEF-ITALIAN BANKS RISE IN EARLY TRADE, INDEX UP 2 PCT@. *Italy's banking index up 2.4 percent by 0704 GMT. *UniCredit shares rise 4 percent, Monte dei Paschi up 3.7 percent, Intesa Sanpaolo up 1.9 percent.

  • ROME, July 14- UniCredit will have to evaluate the possibility of carrying out a capital increase because asset sales concluded this week will not be sufficient to satisfy the European Central Bank, UniCredit's chairman said on Thursday. Italy's biggest bank by assets sold minority stakes in two units for 1.1 billion euros on Tuesday as new Chief Executive...

  • LOS ANGELES, July 13- Starbucks Corp on Wednesday announced a financial investment and global licensing deal with Princi, an artisanal bakery based in Milan, Italy. As part of its investment, Starbucks and Milan- based Angel Lab and Pekepan Investments, will open standalone Princi cafes around the world. Starbucks in February said Italian businessman Antonio...

  • VATICAN CITY— As cameras that shoot 360- degree photos and videos become affordable, curious users will face a new challenge: Figuring out how to take meaningful and compelling shots in what's effectively a new medium. With 360, it's tough to stay out of the shot, as there's no hiding behind the lens. Ricoh's 360- degree Theta S camera sells for $350 and LG's 360 Cam...

  • Pound softens, Theresa May begins at European close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, as outgoing UK Prime Minister David Cameron is handing the role over to Theresa May.

  • MILAN— Italian bank UniCredit has raised over 1 billion euros in asset sales this week as its new CEO moved quickly to reinvigorate the bank's balance sheet. UniCredit retains a 55- percent share of Fineco and around 40 percent of Pekao, Poland's second-largest lender. UniCredit's efforts to improve its financial position come amid renewed concerns over the...

  • WARSAW, Poland— The Auschwitz-Birkenau State Museum says it does not allow people to play "Pokemon Go" on their smartphones during visits to the former German death camp because it is "disrespectful." Museum spokesman Pawel Sawicki told The Associated Press on Wednesday that its authorities are asking game producers to exclude the site of the former Nazi German...

  • Confident on agreement with EU on banks: Italy Fin Min

    Italy’s finance minister, Pier Carlo Padoan talks to CNBC about the country’s banking sector, adding that they’ve done all they can to fix the banking issue.

  • A passenger train is seen after a collision with another amid an olive grove in the village of Corato, Italy on July 12, 2016.

    At least 25 people died and dozens were injured on Tuesday when two passenger trains collided head-on at high speed in southern Italy.

  • *Italy- Germany bond yield spread lowest in three weeks. *EU states back deficit procedure for Spain, Portugal. LONDON, July 12- Italian government borrowing costs narrowed the gap with benchmark Germany to the tightest level in three weeks on Tuesday, as Italy moved closer to a deal with the EU executive to safeguard its struggling banks.

  • UK lower at European markets close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the rally in the sterling ahead of the United Kingdom's new Prime Minister Theresa May beginning her role tomorrow.

  • *IMF cuts Italy, France growth forecasts. PARIS, July 12- International institutions downgraded their outlooks for the euro zone economy on Tuesday following Britain's shock vote to leave the European Union but said the real impact of Brexit will hinge on how political leaders handle future talks with London. The warning came on the day the International...

  • The latest Reuters poll of over 250 analysts, fund managers and brokers worldwide taken June 27- July 11 also showed an intensifying pull between stretched share prices- with Wall Street at a record high- and bond markets, with most government bond yields at record lows and vast swathes of them negative. The Bank of England is set to reverse course in response to...