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Italy’s coalition dealt blow after Berlusconi lauds Putin

Bloomberg Giorgia Meloni, the right-wing leader poised to form a new Italian government, said she’d give up on the fledgling coalition if her allies can’t commit to supporting Ukraine along with Italy’s European Union and Nato partners. “I intend to lead a government with a clear and unambiguous foreign policy line. Italy is fully, and proudly, part of Europe and ...

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Lula sees very tight Brazil election as rival surges

  Bloomberg Leftist former president Luiz Inacio Lula da Silva considers that Brazil’s election is “very tight” and will be decided by those who didn’t show up to vote in the first round earlier this month. “A lot of Brazilians have already made up their minds and the number of people we need to convince is growing smaller,” he told ...

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Banks saddled with $30bn in unwanted debt in risk exodus

  Bloomberg The world’s biggest banks have already had to use about $30 billion of their own cash this year to fund loans for acquisitions and buyouts that they weren’t able to offload to investors. The lenders have been forced to fund at least 15 deals in the US and Europe as inflation and risk of a recession evaporates investor ...

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