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Italian Premier Matteo Renzi on Wednesday offered relief to workers and businesses alike in an ambitious package of economic reforms that he said would lay the groundwork for bigger structural changes to come.
UniCredit, Italy's largest bank, on Tuesday posted a record 15 billion-euro ($21 billion) loss in the fourth quarter as it cleaned up its balance sheet with write-downs and provisions, part of an attempt to turn the page on its troubled past.
Italy's highest court upheld guilty verdicts Tuesday against the final three U.S. defendants in the 2003 extraordinary rendition kidnapping of an Egyptian terror suspect.
Foreign ministry officials in Rome and Vienna confirmed Saturday that names of two nationals listed on the manifest of the missing Malaysia Airlines flight match passports reported stolen in Thailand.
Chinese carmaker Qoros brought its campaign to gain global credibility to the Geneva Motor Show, where it showed off its second production car at a stand in prime real estate — between Maserati and Rolls Royce.
A new study shows that the top 10 global automakers amassed more than $221 billion (161 billion euros) in cash by the end of 2013 to invest in new products, strategic alliances and other growth strategies.
Carmakers are banking on the fast-growing demand for small SUVs to earn new customers in the U.S. and help turn around their businesses in Europe's still-fragile market.
Growing tensions over Ukraine have raised the specter of another slowdown in the European auto market, just as carmakers were beginning to count on a modest recovery from a six-year contraction.
Toyota Europe expects to sell 865,000 units this year and increase its market share to 4.8 percent as the European car market enters what is expected to be a slow recovery from six years of contraction.
The family car Peugeot 308 has been voted car of the year by European automotive editors.