Italy

Luxottica overhauls management as CEO Guerra steps down

MILAN Sep 1 - Italy's Luxottica overhauled its top management structure on Monday after Chief Executive Andrea Guerra left due to rifts with Chairman Leonardo Del Vecchio, now set to play a more active role at the eyewear group.

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Italy may seek to delay structural budget target - official 01 Sep 2014

ROME - Italy may seek to delay bringing its structural budget deficit into balance until 2016, a senior official said on Monday, as Prime Minister Matteo Renzi repeated that Rome would seek a flexible interpretation of European Union budget rules.

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Telefonica to exit Telecom Italia after Brazil deal 01 Sep 2014

SANTANDER Spain - Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband business GVT, ending a long-standing shareholding and easing competition concerns in Brazil.

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Telecom It weighs all options to boost Brazil unit - chairman to Corriere 31 Aug 2014

MILAN - Telecom Italia will consider all options to bolster its Brazilian unit, Tim Partecipacoes , after it lost a battle to buy Brazilian broadband business GVT, Telecom Italia Chairman Giuseppe Recchi told Corriere della Sera.

Worried EU leaders call jobs, growth summit for October 31 Aug 2014

BRUSSELS - European Union leaders are set to hold an emergency summit on promoting growth and jobs in October at the suggestion of Italy, highlighting their concerns over the fragile economic recovery in the 28-country bloc.

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EU names Tusk, Mogherini to top jobs, ready Russian sanctions 31 Aug 2014

BRUSSELS - European Union leaders on Saturday chose Poland Prime Minister Donald Tusk to chair their Council and named Italian Federica Mogherini to run the bloc's foreign relations, as the EU prepared to threaten Russia with new sanctions over Ukraine. | Video

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Italy's Renzi tries new reform plan as economy sinks 29 Aug 2014

ROME - Prime Minister Matteo Renzi on Friday presented a plan to quicken the pace of Italian justice and break down bureaucratic obstacles to investment as fresh data pointed to a further deterioration in Italy's recession bound economy.

EU ministers discuss new response to Russia over Ukraine 29 Aug 2014

MILAN - European Union foreign ministers met in Italy on Friday to find what a diplomatic source said would be a clear message on sanctions for EU heads of states to make to Russia over its actions in Ukraine.

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Italy July jobless rate rises to 12.6 percent 29 Aug 2014

ROME - Italy's seasonally adjusted unemployment rate rose in July to 12.6 percent from 12.3 percent the previous month, data showed on Friday.

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Brazil telecom battle heats up as Oi tries to buy, split TIM 28 Aug 2014

RIO DE JANEIRO/PARIS - Brazil’s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country’s second-biggest wireless carrier and upstaging merger bids by foreign rivals.

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Ukraine accuses Russia of 'undisguised aggression' as rebels advance

KIEV/MOSCOW - Ukrainian President Petro Poroshenko accused Russia on Monday of "direct and undisguised aggression" which he said had radically changed the battlefield balance as Kiev's forces suffered a further reverse in their war with pro-Moscow separatists. | Video