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Conte’s gambit may return him to power in Italy

Bloomberg The resignation of Italian Prime Minister Giuseppe Conte has sparked a fresh round of back-room plotting and negotiating as the pandemic rages and the economy tanks. The biggest question is whether he will get back in the saddle. Conte is a survivor, but he has no political party of his own as he tries to recruit a new, broader ...

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European economy lags peers as vaccine mess deepens slump

Bloomberg Europe’s economy is starting to follow the familiar script of lagging its international peers when recovering from a crisis. That was the upshot of the International Monetary Fund’s (IMF) forecasts, which downgraded the growth outlook for 2021 across Europe and underscored a generally poorer performance compared with China and the US. Such diverging fortunes reflect the stringency of lockdowns ...

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Argentina posts first trade deficit since 2018 after port strike

Bloomberg Argentina posted its first trade deficit since August 2018 as exports collapsed after a lengthy strike in some port operations. The country recorded a trade deficit of $364 million in December, compared to a $500 million surplus forecast by economists in a Bloomberg survey, government data published Tuesday showed. While imports grew 25% in annual terms driven by an ...

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