Bloomberg Telecom Italia SpA Chief Executive Officer Marco Patuano will resign after clashing with Vivendi SA, the company’s biggest investor, two officials at the carrier said, ending a 2 1/2-year tenure leading Italy’s former phone monopoly. Chairman Giuseppe Recchi will assume Patuano’s duties until a replacement is appointed, the officials said. They asked not to be named because Patuano, 51, ...

Bloomberg Czech policy makers will probably use negative interest rates only if they need another instrument to deter “excessive” capital inflows, according to Jiri Rusnok, the top candidate to become the next central bank governor. “We can’t give up that tool, but at the same time I think the probability of it being used is really low,” Rusnok, who joined ...

Madrid / AFP This year was supposed to be a good one for Spanish builders but the lack of a government three months after an inconclusive general election has put the brakes on economic activity. “Everything that has to do with construction in this country is blocked,” said Carlos Luaces, director general of Spain’s association of sand and gravel producers, ...