The reviewsTrump and Delcy Rodriguez are doing business in the oil sector. But in Venezuela, there is no sign of a democratic transitionNobel Peace Prize laureate Machado contests the illegality of the agreement on the Venezuelan people’s resources, signed by Maduro’s former second-in-command. Harvard professor Ricardo Hausmann accuses Rubio following all the broken promisesbyDavide Mattone7 SEP 26
The educational heatwave450 billion wasted without buying a single air conditioner for schoolsBetween the Superbonus and the NRRP, not a single euro has been earmarked to adapt school buildings to rising temperatures: only 6–7 per cent have air conditioningbyLuciano Capone5 SEP 26
A Woman is SteadyMeloni’s ‘stability’ is an achievement that should not be underestimatedThe opposition is wrong to downplay its benefits: one need only look at the international context and what is happening in EuropebyLuciano Capone5 SEP 26
The dark side of industrial giantsFrom Fiat to Luxottica: how and why empires crumbleDynasties on the wane, starting with the Del Vecchio case. In Italy, over the past thirty years, the leading figures in the automotive, telecoms and textile sectors have disappeared… Are we doomed to embrace ‘small is beautiful’?byStefano Cingolani5 SEP 26
EditorialsSanctions are putting pressure on TehranCircumventing them is becoming increasingly untenable. Someone in Iran admits the risk of collapsebyRedazione5 SEP 26
THE ANALYSISMoney is becoming increasingly scarce and expensive for SMEs, says Confartigianato.Since 2019, loans to small and medium-sized enterprises have fallen by 34 billion, representing a 25.9 per cent decline for craftspeople. “The role that the new Artigiancassa will have to play is crucial,” emphasises President Marco Granelli5 SEP 26
THE ANALYSISA mountain of debt and inflation are sending shockwaves through all the marketsGovernment bond yields are rising in advanced economies, driven by inflation and growing public debt. China is an exception and is keeping rates low thanks to its control over the banking system, albeit at the cost of weaker consumption and growth.byLorenzo Bini Smaghi5 SEP 26
Futurist economics“Salvini and windfall profits? It’s enough to give you hives. Vannacci is ready for Cernobbio,” says Rinaldi (Fn)“Calenda? A caricature. Before the ‘Trojan Horse’ story, the FT wrote that in the first half of the year, France, Belgium and Spain imported a lot of Russian LNG. Are Macron and Sánchez Putinists?” says the newspaper’s economics editor.byRiccardo Carlino5 SEP 26
EditorialsThe government’s other record is Ilva. What do the 2,500 redundancies on the day of Meloni’s celebrations tell us?Twenty-eight companies in the supply chain have sent a letter to the trade unions regarding the collective redundancy procedure. A long-awaited decision that no one has been able to preventbyRedazione4 SEP 26
marketsNorway’s sovereign wealth fund sells US Treasuries: debt under pressureThe world’s largest institutional investor has decided to reduce its exposure to government bonds, particularly US ones. The implicit message is clear: we have more confidence in US companies than in Trump. The benefits for EuropebyMariarosaria Marchesano4 SEP 26