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 ...

  For central banks, the pandemic may have been the easy part. To buttress economies and markets during the early days of Covid-19, authorities pumped huge sums into the financial system. They could worry about the hangover later, or so the thinking went. And judging by the previous decade, stimulus-driven inflation was a nonissue. Nobody wanted to be accused of ...

Bloomberg Kellogg Co said it will split into three independent companies, sparking a rally in the food conglomerate’s shares. The maker of Froot Loops and other well-known breakfast cereals said the companies would focus on global snacking, North American cereals and plant-based foods — giving each greater autonomy and room for growth. The breakup will occur through two tax-free spinoffs, ...