Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said Rome could become the group’s fifth hub with the acquisition of new Italian flag carrier ITA Airways. “Italy is a strong market,” Spohr said in an interview with Corriere della Sera published. “Rome could play a very important role within Lufthansa, integrating our system with a southern hub for ...

  Bloomberg Luxury-goods group Kering SA agreed to pay 187 million euros ($206 million) to settle an Italian probe on alleged tax evasion at its Bottega Veneta unit, according to people familiar with the matter. Italian financial police found that Bottega Veneta used two Swiss affiliates to avoid paying taxes in Italy, the people said, asking to not be named ...

Bloomberg The European Union said that work is under way on additional sanctions to penalise Russia for what appear to be war crimes in Ukraine, condemning “in the strongest possible terms” alleged atrocities committed against civilians. In a statement on behalf of the 27-nation bloc, Josep Borrell, the EU’s chief foreign envoy, laid the blame for the “haunting images of ...