Bloomberg The European Commission is considering proposing a disciplinary procedure for Italy next week over its failure to rein in debt, which could pave the way for a 3.5 billion-euro ($4 billion) penalty, according to an official familiar with the matter. The step could come as part of the European Union’s regular budget monitoring process, most likely on June 5, ...

Bloomberg British Conservatives may have suffered their worst election results ever, but their members of parliament are still feeling loved. Barely a day goes by without an invitation to coffee from one senior minister or another, hoping to win their support in the coming race to succeed Theresa May. Perhaps they would like to come to the Foreign Office, to ...

Bloomberg Ousted Austrian leader Sebastian Kurz started his campaign to take back the chancellery hours after his estranged coalition partners in the nationalist Freedom Party joined the opposition in a vote to dismiss him. The youngest Austrian head of government also became the shortest-serving and the first to be thrown out of office since the country was reconstituted after World ...