FRANKFURT (Reuters) -European Central Bank President Christine Lagarde faced a backlash in the European Parliament on Monday from conservative lawmakers criticising the ECB's green strategy as a "distraction" from its duty to tame inflation.

MILAN (Reuters) -Telecom Italia (TIM) directors were locked in talks on Monday over a plan to reorganise Italy's biggest telecoms group, as newly appointed chief executive Pietro Labriola attempts to forge an alternative to a takeover by U.S. fund KKR.

NEW YORK/LONDON (Reuters) -World shares slid on Monday as U.S. warnings that Russia could invade Ukraine at any time kept oil prices near seven-year peaks and sent investors scurrying to the safe-haven government debt they have mostly shunned this year.

Cornerstone Building Brands Inc said on Monday that private equity group Clayton, Dubilier & Rice (CD&R) had proposed to acquire the rest of the building products maker for $24.65 per share in cash.

Michelin expects this year's profits to exceed pre-pandemic levels, the French tyre maker said on Monday, as it posted better-than-expected 2021 results helped by volume and price increases that offset inflationary pressures.

World shares skidded on Monday as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, hit the euro and sent investors scuttling back to the safe-haven government bonds they have been dumping all year.