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.
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.
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.
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.
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.
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.
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.
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 - 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.
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.
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.