Daimler buys into Agusta as motorbike and car tech converge


FRANKFURT - Daimler AG will buy 25 percent of Italian motorcycle maker MV Agusta - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety.

Taiwan shipbuilder, Lockheed Martin to build minesweepers for navy

TAIPEI - A consortium of Taiwan's largest private shipbuilder Ching Fu Shipbuilding Co Ltd, U.S. defense firm Lockheed Martin Corp and Italian firm Intermarine SpA have won a contract to supply six mine countermeasure vessels for Taiwan's navy for an undisclosed amount.

Italy union head accuses Renzi of seeking confrontation

ROME - The leader of Italy's largest union accused Prime Minister Matteo Renzi on Thursday of deliberately stoking conflict with the labor movement and ignoring the growing cost of the economic crisis for Italian workers.

World, 30 Oct 2014

French government cancels ecotax contract with Atlantia-led group

PARIS/MILAN - France will cancel a multi-million-euro contract with a consortium led by Italy's Atlantia after scrapping the "ecotax" road toll the consortium was to collect, a junior minister said on Thursday.

Deals, France, 30 Oct 2014

Bidders line up for E.ON's Spanish assets: sources

FRANKFURT/MADRID - E.ON is asking bidders to submit binding offers for its Spanish business by Nov. 3, in a sale likely to fetch as much as 2.2 billion euros ($2.8 billion) to help Germany's top utility cut debt, three people familiar with the matter said.

Deals, Germany, 29 Oct 2014

Etihad, Alitalia offer concessions in bid for EU approval for stake deal

BRUSSELS - Etihad Airways and struggling Italian carrier Alitalia have offered concessions in a bid to win European Union antitrust approval for the Abu Dhabi airline's plan to acquire 49 percent of Alitalia.

Get your facts right: Italy, U.S. come bottom in modern life survey

LONDON - Italians and Americans score worst when it comes to correctly assessing basic facts of modern life, such as what proportion of the population are immigrants or Muslims and what percentage of teenage girls get pregnant.

28 Oct 2014

Italian president Napolitano testifies in major mafia case

ROME - Italy's President Giorgio Napolitano testified for more than three hours on Tuesday in an unprecedented appearance in a major trial that accuses the state of holding secret talks with the Sicilian Mafia in the 1990s.

World, 28 Oct 2014

Asset sales loom as Monte dei Paschi seeks to fill capital hole

MILAN/LONDON - Italy's Monte dei Paschi di Siena is likely to have to sell assets to fill a capital hole uncovered by European regulators, with shareholders reluctant to stump up cash after a recent fundraising and would-be buyers of the bank holding back.

27 Oct 2014

Monte Paschi has biggest capital gap in ECB tests, may seek merger

MILAN/ROME - - Italy's Monte dei Paschi di Siena faces a 2.1 billion euro ($2.7 billion) funding shortfall that could force it to seek a merger, after a European banking review revealed serious weak points in the Italian financial system.

26 Oct 2014

Air strikes hit Kobani as Kurdish peshmerga prepare to enter

SURUC Turkey/BAGHDAD - U.S.-led air strikes hit Islamic State positions around the Syrian border town of Kobani on Friday in an apparent bid to pave the way for heavily-armed Iraqi Kurdish peshmerga forces to enter from neighboring Turkey.