Bloomberg Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices. The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. ...

In November 1939, soon after Hitler’s Germany invaded Poland, another massive European country likewise attacked a smaller neighbour: Russia invaded Finland. After vicious fighting through a long and bitter winter, the war ended with the Moscow Peace Treaty, in which Finnish concessions fell far short of what Stalin had hoped for in launching his invasion. Despite being heavily outgunned and ...

  Private equity firms feasted on the cheap UK stock market for as long as they could in 2021. Eventually, investors bid up the share prices of much of their potential prey. But one target — educational publisher Pearson Plc — just kept falling. Now buyout firm Apollo Global Management Inc. is circling. Pearson investors must be desperate to sell, ...