Bloomberg The Italian state lender that’s backing Elliott Management Corp. in a battle for the future of Telecom Italia SpA is considering doubling its stake in the former phone monopoly, people familiar with the matter said. Cassa Depositi e Prestiti SpA was authorized by its board to buy as much as 10 percent of Telecom Italia’s stock if a management ...

Bloomberg Greece plans to pump as much as 1 billion euros ($1.1 billion) into its banks over the next five years by subsidizing a part of households’ mortgage repayments. Under the plan, some households unable to repay their home loans will restructure their debts with the banks, with the state then paying part of the remaining monthly installments, according to ...

Bloomberg Just as Air France-KLM looks set to turn the page on last year’s crippling labour strife, the carrier is facing a revolt by its Dutch arm. A tussle over the reappointment of Pieter Elbers, who leads the KLM unit, sparked a noisy demonstration of support for the executive from staffers, managers and even Dutch officials, including a petition signed ...