ALGIERS Algeria's Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp and Anadarko as well as Italy's Eni , a source at the state energy company told Reuters on Sunday.
MILAN Italian Economy Minister Pier Carlo Padoan denied a report in La Stampa newspaper on Sunday which said he threatened to resign if effective reforms and planned privatisations are not carried out.
MILAN Italy's biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country's largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders.
ROME Italy's ruling Democratic Party (PD) will hold its leadership contest on April 30, the centre-left group announced on Friday, a decision that effectively rules out any snap national election in June.
MILAN Italian prosecutors are investigating French tycoon Vincent Bollore for alleged market manipulation when the company he chairs, Vivendi , bought a stake in Italian broadcaster Mediaset , a source said on Friday.
ROME A close ally of former Italian prime minister Matteo Renzi on Friday dismissed media reports that Renzi plans to try to bring down the government and push for an election by June.
Premier League champions Leicester City sacked Italian manager Claudio Ranieri on Thursday, nine months after he clinched one of soccer's most remarkable triumphs but with the team now hovering above the relegation zone.
MILAN Italian oil services group Saipem does not see any recovery for the industry this year in spite of higher crude prices, with oil companies continuing to delay projects.
PARIS France's Vivendi said it expects Canal Plus' turnaround efforts to bear fruit in 2017, after the pay-TV unit's French channels lost thousands of subscribers last year, resulting in a sharp fall in the media group's profits.
LISBON Portugal is likely to extradite former CIA officer Sabrina de Sousa next week to Italy, where she was convicted in absentia for the kidnapping of an Egyptian cleric, on condition she is retried, her lawyer said on Thursday.
BRUSSELS European Union chief executive Jean-Claude Juncker will propose to national leaders next month a handful of options for shoring up unity once Britain launches a withdrawal that some fear could trigger a further unravelling of the bloc.