ROME (Reuters) - The United States has recently renewed calls for Italy to repeal its domestic web tax, people familiar with the matter told Reuters, saying the U.S.' insistence increases the risk of retaliation if Rome ignores the request. Italy intends to maintain the tax for now, waiting for the new administration in Washington to show its stance on the...

(Reuters) - Budget airline Wizz Air on Wednesday lost its challenge against a capital increase for Romanian rival TAROM funded by Romania and approved by EU competition regulators, as Europe's second-top court dismissed its arguments. Wizz Air took its case to the Luxembourg-based General Court after the European Commission said the 2 million euros ($2.15 million) in aid to offset...

(Reuters) - Shares of Tesla, Donald Trump's media business and domestic-focused small-cap companies surged on Wednesday in anticipation of a win for the former president even though some key states in the U.S. election are yet to post results. Trump claimed victory after Fox News projected that he had defeated Democrat Kamala Harris, although other news outlets had yet to...

NEW YORK (Reuters) - Two more U.S. proxy advisory firms on Tuesday urged News Corp investors to support a hedge fund's campaign to change the company's dual-class share structure, saying no investor should have voting rights that are different from others. Egan-Jones and its bigger rival Glass Lewis recommended investors back a recapitalization plan at the company's Nov. 20 meeting...