Italy's PM announces red tape cutting drive to boost investment

ROME (Reuters) - Italian Prime Minister Giuseppe Conte told parliament on Thursday his government was preparing a raft of reforms to cut red tape, improve company governance and encourage investment to revive the coronavirus-battered economy.Conte promised a so-called "simplification decree" to attract foreign capital by streamlining bureaucratic procedures, and said Rome would help the recapitalisation of companies hit by the pandemic."If we do not succeed in simplifying procedures even in a..