Bloomberg Mario Draghi resigned as Italy’s prime minister, throwing the country into turmoil and putting it on course for snap elections as soon as early October. The former European Central Bank chief delivered his decision to President Sergio Mattarella Thursday morning. The government will continue in a caretaker role to handle ongoing business but its influence will be minimal. Mattarella, ...

Bloomberg President Joe Biden says he expects to speak to Chinese leader Xi Jinping “within the next 10 days,” as the US considers whether lifting some tariffs on Chinese imports would help stem rampant inflation. Already-tense relations between the two largest economies have deteriorated over China’s refusal to condemn Russia’s invasion of Ukraine. “I think I’ll be talking to President ...

  Bloomberg The head of the US Central Intelligence Agency said Russia’s interest in buying drones from Iran for its war in Ukraine reveals the poor state of its military. “It’s true that the Russians are reaching out to the Iranians to try to acquire armed drones,” CIA Director William Burns said during a three-hour stop at the Rocky Mountain ...