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Italy says trade clash between U.S. Europe would be dangerous


Trade disputes between the United States and Europe would hurt economic growth and global governance at a time when the West needs to show a unified front against unfair trade practices, Italy's industry minister said on Friday.

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VW clan aims for quick deal over Ferdinand Piech's shares.jpg

Porsche SE, the holding company which controls 52 percent of VW's shares, said on Friday that the families were in negotiations to buy a substantial part of Ferdinand Piech's 14.7 percent stake in Porsche SE, which is worth just over 1.1 billion euros ($1.2 billion) based on current market prices.

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