Italy
Hung Italian parliament is best for investors
The consensus forecast of no clear winner in this weekend’s Italian election coming true is the best short-term scenario for financial markets and the economy, according to industry experts.
‘First of its kind’ trust set up for politician
Trust lawyers acting for a colourful Italian mayor have set up an innovative blind trust for his businesses, which include Italy’s leading basketball team.
European recovery not a blip
Most European buy-side investors have had a positive macroeconomic outlook for three quarters in a row now, according to data from International Adviser’s sister title, Expert Investor.
Brexit to hit three times more British than EU pensioners
There are three times as many Brits over the age of 65 living in other European Union countries than vice versa but they are showing little inclination to rush home ahead of Brexit, figures from the UK’s Office for National Statistics (ONS) suggest.
Law firm loses appeal in ‘mafia risk’ property project
An Italian law firm has lost its appeal against a British High Court ruling that it was under a duty to warn investors over a failed property scheme that is now under investigation for allegedly being a money-laundering vehicle for the mafia and IRA.