Gucci says sales trends still negative but on the mend


PARIS - Sales trends at Italian fashion brand Gucci showed signs of turning the corner in the third quarter, particularly in major markets such as western Europe and China, despite remaining negative, owner Kering said on Thursday.

EU seeks clarification on Italy's breach of debt-cutting goals 6:33pm BST

ROME - The European Commission has asked Italy to explain why its draft budget for next year will breach debt-reduction goals it promised the European Union, a step that may lead to demands from Brussels for changes to the spending package.

Swiss retailer apologises after Hitler pictured on dairy creamer 22 Oct 2014

ZURICH - Swiss retailer Migros apologised on Wednesday after dairy creamers decorated with images of Adolf Hitler and Italian fascist wartime leader Benito Mussolini found their way into restaurants in Switzerland.

Italian car parts maker Sogefi reports net loss, CEO steps down 21 Oct 2014

MILAN - Italian car parts maker Sogefi reported on Tuesday a net loss for the first nine months of the year, hit by weakness in South America and costs for restructuring in Europe, and said Chief Executive Guglielmo Fiocchi would leave the company.


Daimler eyes stake in motorbike maker MV Agusta - source 21 Oct 2014

FRANKFURT/MILAN - German vehicles group Daimler is in advanced talks to take a minority stake in Italian motorcycle manufacturer MV Agusta [IPO-MVAG.MI], a source in Italy familiar with the situation said on Tuesday.


EU budget timetable points to Italy budget being rejected 20 Oct 2014

BRUSSELS - Italian Economy Minister Pier Carlo Padoan has said he expects the European Commission to issue its evaluation of Italy's 2015 budget on Oct. 29, a timetable which under EU rules would indicate the draft submitted by Rome had been rejected.

Sigma-Tau, Alfa Wassermann in talks to combine Italian operations- sources 20 Oct 2014

LONDON - Italian drugmaker Sigma-Tau is in advanced talks to sell part of its Italian operations to domestic peer Alfa Wassermann that would create an over-the-counter (OTC) powerhouse, several sources familiar with the situation said.


UKIP, 5-Star welcome Polish radical to save EU voting bloc 20 Oct 2014

BRUSSELS - The UK Independence Party and Italy's 5-Star Movement formed an alliance in the European Parliament on Monday with a right-wing Polish libertarian in order to reconstitute a formal Eurosceptic bloc in the EU legislature.


Rome mayor recognises gay marriages, riles minister, bishops 18 Oct 2014

ROME - Rome's centre-left mayor on Saturday recognised the validity of 16 gay marriages performed outside Italy, the first such ceremony in the capital, sparking an angry reaction from the interior minister and the country's Roman Catholic Church.


UKIP cries foul as Latvian defection weakens hand in EU parliament 16 Oct 2014

BRUSSELS - The UK Independence Party accused the European Parliament of blackmail and bias on Thursday after it wound up a voting bloc forged by British and Italian Eurosceptics, depriving them of funding and influence.


U.S., allies stage 15 air strikes on Islamic State in Iraq, Syria - U.S.

WASHINGTON - U.S. military forces again focussed air strikes on the area near the Syrian city of Kobani in their campaign to turn back Islamic State forces and also hit oil facilities held by the militant group, the U.S. Central Command said on Thursday.