Bloomberg Mario Draghi’s failed bid to become Italian president has tarnished the aura that helped him keep a fractious coalition in line. But the damage suffered by the country’s main political parties means that the prime minister may still have the leverage to push through his agenda in the final year of his mandate. After six days of chaotic ...

  Bloomberg In the eyes of Visa Inc and Mastercard Inc., consumers are learning to live with the coronavirus pandemic. Both networks said that spending on their cards surged to a record in the final three months of last year, even as the highly contagious Omicron variant disrupted travel and sparked fresh rounds of lockdowns. Spending on Visa’s network soared ...

  Bloomberg The Bank of Japan (BOJ) should keep its inflation-targeting stimulus rolling and consider shortening the maturity of its yield target to make its easing framework more sustainable, the International Monetary Fund (IMF) said, in comments that contrast with global moves to tighten policy. Given that Japan’s underlying inflation momentum remains weak at around 0.5% and is not currently ...