• Reuters

    Telecom Italia's grid sale on track as KKR informs EU of buyout plan

    U.S. investment company KKR has sent European Union antitrust authorities a formal notice about its proposed buyout of Telecom Italia's (TIM) fixed-line access network, the former phone monopoly said on Friday. TIM said the confirmation it had received from KKR indicated that the project was progressing according to schedule. TIM has agreed to sell its domestic network to KKR for up to 22 billion euros ($23.5 billion) as part of a government-backed plan aimed at cutting debt and relaunching the group.

  • The Canadian Press

    Previewing the 1st round of the NBA playoffs, which start on Saturday

    Preview capsules for the first round of the NBA playoffs, which start Saturday. ___ EASTERN CONFERENCE No. 2 NEW YORK KNICKS (50-32) vs. No. 7 PHILADELPHIA 76ERS (47-35) Season series: Knicks, 3-1. Story line: The Knicks finished with their best record and highest seed since winning 54 games in 2012-13. They didn't get much of a reward for that, with the opponent being a 76ers team that surged after Joel Embiid returned from knee surgery, winning their final eight games of the regular season and

  • The Guardian

    Biden administration moves to restrict oil and gas leases on 13m acres in Alaska

    Environmentalists celebrate new rules but Alaska politicians call it an ‘illegal’ attack on state’s livelihood and predict lawsuits