Italian politics bears a striking resemblance to South American telenovelas: filled with episodes of unrequited love, bizarre couplings and multiple breakups. Narrative lines reach a fever pitch of crisis before an unexpected turn of events makes everything right — the deus-ex-machina moment. That’s the climax in ancient dramas when a god is swung on stage by a machine to ...

  Bloomberg Cathay Pacific Airways Ltd signalled a stronger second-half outlook even as Chief Executive Officer Augustus Tang told staff Hong Kong’s status has been hammered by Covid travel restrictions that continue to shackle the city. While Hong Kong’s main airline said its first-half net loss narrowed to HK$5.3 billion ($675 million) from HK$7.9 billion a year earlier, Tang said ...

  Bloomberg TUI AG, the world’s biggest tour operator, said it remains on course to post a profit this year, with bookings and prices looking strong for the rest of the summer even as Europeans suffer a cost of living squeeze. The firm expects to report “significantly positive” underlying earnings before interest and tax for the 12 months through September, ...