Bloomberg Mario Draghi said he won’t continue leading Italy’s government if the Five Star Movement leaves his coalition, in a sign of growing impatience for the constant squabbling among parties. “For me there is no government without Five Star,” Draghi said at a press conference on Tuesday. “There is no Draghi government different from the current one.” Draghi is under ...

Bloomberg Venezuela has arrested Americans this year even as that country’s government has made gestures toward improving relations with the US to help ease a humanitarian and political crisis. A State Department spokesperson confirmed the arrests on Tuesday night but did not identify the Americans, say how many had been detained, or provide any further details, citing privacy concerns. The ...

  Bloomberg Outgoing UK prime minister Boris Johnson raised the prospect of leaving office sooner than expected, suggesting his successor could be chosen “by acclamation” rather than in an eight-week contest as planned. His appearance at Prime Minister’s Questions in the House of Commons on Wednesday had the air of a valedictory outing, as he declared he was “proud” of ...

Bloomberg About 20 million Americans quit their jobs in the first five months of this year, in what’s come to be known as the Great Resignation. Many now regret the decision, according to a new survey. More than one-quarter of those who left work are reconsidering whether they made the right move, according to a study of more than 15,000 ...

  Bloomberg Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian energy supplies. Snapping two months of gains, the ZEW institute’s gauge of expectations falls to -53.8 in July from -28 in the previous month, missing economists’ estimates. An ...

  Bloomberg The number of UK households facing acute financial strain has risen by almost 60% since October and is now higher than at any point during the coronavirus pandemic, a survey found. The abrdn Financial Fairness Trust and researchers at the University of Bristol estimated that 16 percent of households, or 4.4 million, are in “serious financial difficulties” and ...

  Bloomberg Germany’s Robert Bosch GmbH is making a bigger bet on semiconductors with plans to spend 3 billion euros ($3 billion) to help ease a worldwide shortage of computer chips that has crimped vehicle production. The auto-parts supplier said on Wednesday it will make the investment by 2026 as part of European Union and German government efforts to double ...

Bloomberg A sprawling regulatory probe that’s ensnared the Indian partner of Schroders Plc is roiling one of the nation’s largest asset managers and is poised to shake up India’s $465 billion mutual fund industry. Axis Asset Management Co., which is India’s seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, ...

Bloomberg American equity futures edged higher on Wednesday while stocks in Europe dipped in cautious trading dominated by a dimming economic outlook and an anxious wait for data that may show US inflation at a fresh four-decade high. S&P 500 and Nasdaq 100 futures posted modest gains after yet another volatile day that ended with both gauges solidly in the ...

  Bloomberg A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency (IEA). “The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said on Tuesday at a ...