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
editorialsThe Siena grand coalition for MPSThe right and the left are uniting in the fight to defend Monte dei Paschi’s senioritybyRedazione4 SEP 26
Joint venture wantedChinese brands dominate the Motor ShowIn Turin, Beijing-based car manufacturers are all the rage, whilst the Italian industry remains tied to Stellantis’s decisionsbyDario Di Vico4 SEP 26
EditorialsThe Lottomatica-Cirsa merger and the unexpected alliance with Spain in the gaming sectorThe merger of the two companies will create one of the world’s largest betting operators, with its headquarters in Italy and a secondary office in the province of Barcelona. The two countries are at loggerheads over migrants but are making peace when it comes to gamblingbyRedazione3 SEP 26
The analysisGas prices hit a three-year high. A tough winter lies ahead for EuropeMarcelli Fabiani (Oxford Economics): “Weak global demand and US LNG should prevent extreme price spikes”. Tabarelli (Nomisma Energia): “The only consolation is that we have already been hardened by the 2022/23 crisis. €73/MWh for gas and just over 200 for the PUN are still a long way from the peaks seen back then.”byDavide Mattone3 SEP 26
balance the booksExtra taxes and profits: the targets of European populismFrom the UK to Italy, it has become fashionable to target banks in the name of wealth redistribution. But the real cost of these policies falls on families and foundationsbyMariarosaria Marchesano3 SEP 26
editorialsGlobal shockwaves hit sovereign debtFears of inflation trigger a sell-off of government bonds. Governments on alertbyRedazione2 SEP 26
Industry and the local areaThese ‘pocket-sized’ multinationals haven’t run out of fuel yet. The Guzzi caseThe company is renovating its historic factory in Mandello Lario: it is increasing production capacity and, in addition, opening a museum, a shop and a café. The impression is that Milan and Lombardy remain central to Italy’s developmentbyDario Di Vico2 SEP 26