Italian political drama weighs on markets

Scott Bessent said the US would expand the scope of secondary sanctions on Iran, and JPMorgan Chase is relaxing its approach to lending money against shares in companies that have recently gone public. Plus, US private equity growth funds raised a record amount of capital in the ...  Show more

US Federal Reserve chair Kevin Warsh will seek to soothe investors’ nerves at this week’s Jackson Hole symposium, Andy Burnham is headed to Ukraine for his first overseas trip as Britain’s prime minister, and Saudi Arabia held talks with London brokers for a state-backed war insu ...  Show more

For the second time in a week, Prime Minister Mario Draghi has tendered his <a href="https://www.economist.com/europe/2022/07/14/mario-draghi-italys-prime-minister-tries-and-fails-to-resign?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=di ...

After the government of Giuseppe Conte collapsed amid an economic and public health crisis, Mario Draghi has formed Italy’s 65th administration in 73 years. So what are the long-term causes of Italy’s political woes, and does Draghi stand any chance of solving them? Presenter: Ta ...  Show more

AS A GAS // As a gas producer, the state was able to build up enormous reserves. But failing to pivot when global prices fell has created debt, a <a href="https://www.economist.com/the-americas/2023/04/18/bolivia-is-on-the-brink-of-an-economic-crisis?utm_campaign=a.io&utm_medi ...

The political chaos in Rome seems to be about to come to an end as the bickering parties prepare to form a broad coalition government led by Enrico Letta of the centre-left Democrats. Will the coalition be able to rise to the challenges facing Italy, including an economy now ente ...  Show more