MILAN (Reuters) -Telecom Italia (TIM) directors discussed on Monday an overhaul of Italy's biggest telecoms group, as newly appointed Chief Executive Pietro Labriola draws up an alternative to a takeover bid by U.S. fund KKR.

World shares slid on Monday as U.S. warnings that Russia could invade Ukraine at any time pushed oil prices to fresh seven-year peaks and sent investors scurrying to buy safe-haven government bonds they have mostly shunned this year.

Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head of its consumer businesses, the bank disclosed on Monday.

Brazil's Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees.

Peloton Interactive Inc's stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions.

An ex-Credit Suisse manager told a Swiss court on Monday that millions of euros were paid out of accounts linked to a Bulgarian wrestler at the centre of an international drugs probe, despite the bank's legal compliance department being alerted.