Bloomberg Italy’s biggest party is set to splinter over the country’s support for Ukraine, just as Prime Minister Mario Draghi defended in parliament his government’s stance on the conflict. Foreign Minister Luigi Di Maio may soon quit the Five Star Movement and set up a new parliamentary group of his own, in a clash with party leader Giuseppe Conte, according ...

  Bloomberg South Africa’s main opposition party has asked the US Federal Bureau of Investigation to probe whether President Cyril Ramaphosa was involved in money laundering, after it emerged that foreign currency had been stolen from his game farm. “Specifically, we have requested that the FBI considers investigating the source of the funds and whether the money was brought into ...

  Bloomberg Corporate distress in Europe’s biggest markets is near a two-year high as inflation and higher interest rates squeeze indebted firms. Companies in Germany, the UK, France, Spain and Italy are the most distressed since August 2020, according to the Weil European Distress Index. The study aggregates the data from more than 3,750 listed European firms. “If this upward ...