Should the MPS deal involving BPM and Banca Generali go ahead, the largest shareholder in the new third banking group would be the French bank, with an estimated 15 per cent stake – a figure set to rise, just as it has always done both at home and in Italy. A long and instructive history

Public debate is dominated by the American model, but EU directives and Italian regulations are moving in a much more sustainable direction in terms of energy and water consumption

SpaceX is expanding, but is not generating significant profits. Starlink accounts for half of its turnover, whilst its founder has decided to invest more in AI to close the gap on Anthropic and OpenAI

Is it down to electric vehicles? Trump’s tariffs? Brussels’ ‘green madness’? There is no single cause, and turning back is unthinkable. But the future of Europe is at stake. A strategy is needed

Poste Italiane’s takeover bid for TIM: cash plus shares, delisting in September. In France, SFR split between Iliad, Bouygues and Orange. In London, Iliad acquires a stake in Vodafone. Three countries, same narrative: from telco to techco. Cloud, artificial intelligence and digital services at the heart of the sector’s new landscape