Bloomberg Italy’s credit rating outlook was raised to positive from stable by S&P Global Ratings, which said the progress in implementing reforms will boost economic growth, benefiting fiscal consolidation. S&P affirmed the BBB rating on Italy, which is two notches above junk. The country’s prospects are looking brighter as increasing rates of vaccination have allowed it to avoid renewed lockdowns. ...

Bloomberg Alphabet Inc’s Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. Beginning January 1, the Google Play Store will charge third-party subscription apps a 15% commission, the company said. Previously, subscription apps were charged 30% for first year, then 15% thereafter. Google also charged 15% for first $1 ...

Bloomberg The cost of hedging against inflation in the UK over the next decade rises to the highest level in 25 years as investors brace for price pressures in the economy to persist. The so-called 10-year breakeven rate climbed as much as 11 basis points to 4.25%, the highest since 1996. That predates the Bank of England’s independence in 1997, ...