Reuters

By Elvira Pollina

ROME (Reuters) - U.S. investment firm KKR will likely offer remedies next week in an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM) fixed-line access network, a person familiar with the matter said on Tuesday.

KKR wants to acquire TIM's domestic network for up to 22 billion euros ($23.87 billion), making the Italian telecoms group the first in a major European country to divest its landline grid.

BERLIN (Reuters) - Switzerland has had over 50 registrations from the more than 160 delegations the neutral country has invited to a summit next month that Bern hopes will pave the way for a peace process in Ukraine, President Viola Amherd said on Wednesday.

Amherd, speaking at a press conference with German Chancellor Olaf Scholz after the two held talks in Berlin, said her government was seeking a broad-based turnout for the summit, but that China... (continue reading...)

By Julian Luk, Pratima Desai, Siyi Liu and Eric Onstad

LONDON/BEIJING (Reuters) - Commodity traders Trafigura and IXM are seeking physical copper to cover large bearish positions on the CME, where U.S. copper prices surged to record highs on Wednesday, five sources with direct knowledge of the situation said.

A short squeeze occurs when parties betting on lower prices are forced to buy back their positions at a loss or deliver physical... (continue reading...)

WASHINGTON (Reuters) - A group of House Republicans on Wednesday proposed legislation that would hike U.S. tariffs on Chinese-made drones by 30% and bar Chinese drone imports with some components by 2030.

The legislation led by Representative Elise Stefanik would also bar imports of drones that contain critical components made in China by 2030. The bill would also create a new grant program for first responders, critical infrastructure providers, and... (continue reading...)

By David Shepardson

WASHINGTON (Reuters) - The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing.

Coast Guard Vice Admiral Peter Gautier said at a U.S. House hearing on Wednesday that the "size and complexity of ships has grown over the years, placing greater... (continue reading...)