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Bloomberg

Telecom Italia CEO Says Firms Need Scale to Survive

Poste Italiane's 10.8 billion ($12.5 billion) bid for full control of Telecom Italia moves forward much-needed consolidation that will strengthen Europe's telecom sector, the phone company's chief executive officer said in an interview. "The digital business is all about scale," CEO Pietro Labriola told Francine Lacqua. "You need to move fast and have strong financial backing."

Read more: Telecom Italia CEO Says Firms Need Scale to Survive
Bloomberg

Goldman Sees 'Very Few Safe Havens' as War Risks Mount

Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, discusses concerns about the war in the Middle East and how this impacts investment strategy. There are "very few safe havens that can protect the portfolio," Mueller-Glissmann tells Bloomberg Television. "We are currently overweight cash."

Read more: Goldman Sees 'Very Few Safe Havens' as War Risks Mount