The family dispute paralysing one of corporate Italy’s top power brokers

Conflict between Leonardo Del Vecchio’s heirs leaves Delfin in stasis as €55bn group’s portfolio is reshaped by consolidation

China bypasses shipping chokepoints with ‘Ice Silk Road’ through Arctic

First scheduled container service between Europe and Asia will significantly reduce voyage times

Andy Burnham promises to tackle ‘rip-off’ discounts and ‘subscription traps’

New prime minister vows to stop retailers from making misleading ‘pretend prices’ claims to customers

Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

The AI-focused hedge fund is still making some big bets.

Britain needs to redefine what it considers cutting-edge

Burnham should promote a broader conception of advanced manufacturing that goes beyond frontier technologies

US social security could soon be insolvent

But will Congress have the courage to save it?

Impatient yacht owners make for a hot new asset class

Marinas tick the ‘dependable cash flow’ box with relative ease and come with plenty of room for improvement

UK State Subsidies Soar as Post-Brexit Support Boosts Energy Projects

Government backing climbs to £114bn in year to March, more than double the previous 12 months

Greg Abel finally puts Buffett’s cash pile to work

Berkshire Hathaway chief ends more than three-year selling streak as he ploughs a net $20bn into stocks

Pfizer grapples with ‘a world of hurt’ after Covid triumph

Sliding vaccine revenues and fears it overpaid for new drugs pile pressure on boss Albert Bourla

Burnham urged to rule out changes to pension lump sums in next Budget

Do not invite pre-Budget speculation for third year running, City bosses warn new PM

The US bares its financial weak spot

Yen intervention points to the squishy underbelly of American weakness