“Beware the nested game.” It is one of the least-known but most useful adages to keep in mind when following international affairs, and it is especially relevant now that Lithuania has announced a blockade of sanctioned Russian goods. A nested game is what it sounds like — a game within a game. It recognises that the actors in most real-world ...

Kellogg Co announced plans to split into three separately listed businesses. The aim is to turbocharge sales and profit growth. But the maker of Pop-Tarts and Pringles is also providing something for potential bidders to snack on. Kellogg will spin off its North American cereals arm and plant-based food unit from its global snacking operation. The shares rose as much ...

  Italian family wealth — illiquid assets, mostly property, and financial instruments, held by the country’s households across all classes — has long been a pillar of economic strength in the heavily indebted nation. It’s in focus again as the war in Ukraine, energy price shocks and inflation weaken the country’s outlook. At 10 trillion euros ($10.55 trillion), such wealth ...