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Crypto Breaking News

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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
Bloomberg

Hong Kong's Towngas Says Gas Supply Remains Secure

Hong Kong based energy supplier Towngas says the impact of recent energy market volatility on its operations should be limited, citing a 25 year natural gas supply contract with an Australian supplier. In addition, Towngas will use more natural gas in the event of naphtha shortage to protect Hong Kong customers. Towngas Managing Director Peter Wong spoke exclusively to "Bloomberg: The China Show."

Read more: Hong Kong's Towngas Says Gas Supply Remains Secure
Bloomberg

Iran, US Talks Questioned; Pakistan Reported as Mediator

Pakistan has reportedly stepped up as a mediator between the U.S. and Iran to de-escalate the ongoing conflict, according to the Financial Times. Bloomberg's Pakistan Bureau Chief Faseeh Mangi and UWA Defense & Security Institute Adjunct Professor Jennifer Parker share insights on what Islamabad brings to the table.

Read more: Iran, US Talks Questioned; Pakistan Reported as Mediator