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Weak business morale from Germany, France, Italy points to slowdown


BERLIN Business morale in Germany, France and Italy -- the euro zone's three biggest economies -- deteriorated in April as a stronger currency and capacity constraints limited output, signalling that growth in the currency bloc has reached its peak.


Saipem scouting around as Subsea 7 bid makes waves 10:29am BST

MILAN Italian oil services group Saipem is looking round for growth opportunities after a bid by rival Subsea 7 for U.S. contractor McDermott sent waves through the sector.


Telecom Italia shareholders to vote on CEO as board showdown delayed 7:03am BST

ROZZANO, Italy Telecom Italia (TIM) shareholders will vote on Tuesday to confirm Amos Genish as CEO, while a widely-anticipated showdown between the top two investors in Italy's biggest phone group over board seats is delayed by 10 days.


Italy president appoints new mediator to sound out chances of 5-Star/PD government 23 Apr 2018

ROME Italy's president on Monday asked the head of the lower house of parliament to see whether the 5-Star Movement and centre-left Democratic Party (PD) could form a coalition government but initial reaction pointed to a mission impossible.

Libyan coastguards recover bodies of 11 migrants - spokesman 22 Apr 2018

TRIPOLI Libyan coastguards recovered the bodies of 11 migrants who died off Libya's western shore during an attempted crossing to Italy on Sunday, a spokesman said.


In historic ruling, court says Italian state negotiated with mafia 20 Apr 2018

PALERMO, Italy An Italian court convicted former high-ranking state officials and mob bosses on Friday for holding secret negotiations in the early 1990s following a devastating wave of mafia murders and bombings.


ArcelorMittal to gain EU approval for Ilva acquisition - sources 20 Apr 2018

BRUSSELS ArcelorMittal , the world's largest steelmaker, is on track to win EU antitrust clearance to acquire Italian peer Ilva after agreeing to sell a number of significant assets across Europe, two people familiar with the matter said on Friday.


Italy's Berlusconi smears 5-Star, urges government deal with left 20 Apr 2018

ROME Former prime minister Silvio Berlusconi branded the 5-Star Movement a danger for Italy on Friday, killing off any lingering chance of a coalition tie-up between his rightist bloc and the anti-establishment party.


Ferragamo names veteran Gucci executive as general manager 20 Apr 2018

FLORENCE, Italy Italy's Salvatore Ferragamo appointed Gucci executive Micaela Le Divelec as general manager on Friday, postponing selection of a new chief executive.


EU suspects tax fraud at China's new gateway to Europe 20 Apr 2018

MADRID/ATHENS European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece's largest port of Piraeus, a trade gateway between China and Europe, officials said.


Iran warns Trump it might withdraw from Non-Proliferation Treaty

LONDON A senior Iranian official said on Tuesday that Tehran might quit a treaty designed to stop the spread of nuclear weapons if U.S. President Donald Trump scraps the nuclear accord Iran signed with world powers in 2015.