
Berlusconi's Heir Says He's Tempted by Politics, Has No Plan Yet
'I've no plans to do that today, but I can't rule it out in the future,' Pier Silvio Berlusconi said at a press event Tuesday near Milan. He currently is chief executive officer of Italy's largest commercial broadcaster, MFE-MediaForEurope NV, a company founded by his father in the late 1970s.
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Report – Inter Milan Pursuit Of France Defender Suffers Fatal Blow As Bayer Leverkusen Strike Agreement With Sevilla
Inter Milan will reportedly lose out on the battle for the signature of Loic Bade, who is close to joining Bayer Leverkusen. According to RMC Sports via FCInterNews, the German heavyweights have agreed terms with Sevilla. Therefore, Loic Bade could soon be on his way to the BayArena to pen a multi-year contract. Indeed, the parties are negotiating a five-year deal, with the Frenchman set to depart Spain after two years. Meanwhile, Inter must turn to other targets. Bayer Leverkusen Set to Sign Inter Milan Target Loic Bade MADRID, SPAIN – DECEMBER 22: Loic Bade of Sevilla FC looks on during the LaLiga match between Real Madrid CF and Sevilla FC at Estadio Santiago Bernabeu on December 22, 2024 in Madrid, Spain. (Photo by) Despite Inter's interest, the 25-year-old is one step away from linking up with Erik ten Hag's side. Indeed, Los Rojiblancos have accepted Leverkusen's €30 million offer, including bonuses. Furthermore, the player seems enthusiastic about swapping a downtrodden Sevilla for Die Werkself. With Bade heading to the Bundesliga, Inter will explore other options in the market. Oumar Solet could be an exciting alternative, though Udinese's asking price remains uncertain.
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New MGA Elevate Specialty forays into UK market
A new managing general agent (MGA), Elevate Specialty, has made its debut in the UK, looking to 'transform' embedded and specialty insurance. Elevate Specialty was set up by Mickey Attia and Robin Stagg, former executives at DAS and Allianz. Their combined experience covers a broad spectrum of insurance including commercial, personal and specialty lines. The company is supported by 'strategic' partnerships and new investment for product deployment and scalability. Elevate Specialty was designed to offer solutions including native product design that integrates into customer environments, a data-driven approach that powers predictive analytics and supports growth. It also focuses on tech-driven operations that enable product launches and a 'customer-centric' model with regular improvement cycles. The focus for Elevate Specialty will be on areas such as legal expenses insurance, income protection for renters, and native cyber, home emergency and personal accident products, which are expected to feature AI-enhanced claims processing. Elevate Specialty CEO and founder Mickey Attia said: 'We launched Elevate because insurance should help customers beyond just protecting their finances. We design products and claims experiences that feel like they have always belonged in the customer's world. That is when insurance works best.' Elevate Specialty COO and founder Robin Stagg stated: 'By making protection a natural, useful part of everyday environments, we unlock engagement, improve outcomes, and deliver measurable value for customers and partners alike.' "New MGA Elevate Specialty forays into UK market " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Morning Bid: Caution on Ukraine, eyes on Jackson Hole
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking. European stock benchmarks nudged higher and the defence sector slipped after U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy that Washington would help guarantee Ukraine's security in any peace deal to end Russia's war. Germany said Zelenskiy and Russian President Vladimir Putin would meet within the next two weeks. In response, the euro firmed against the dollar, crude oil ticked lower and gold edged up. * U.S. Treasuries have been on the backfoot since the alarming U.S. producer price report last week, with 30-year bond yields holding just shy of 4.95% on Tuesday and the two-to-30 year yield curve gap firming above 117 basis points for the first time since January 2022. With July housing starts on the diary later, along with a retail update from Home Depot, Fed futures currently price just over an 80% chance of a quarter point rate cut next month. Fed Chair Jerome Powell gives his keynote Jackson Hole speech on Friday. * S&P Global on Monday affirmed its 'AA+' U.S. sovereign credit rating and assigned it a stable outlook, saying the revenue from Trump's tariffs will offset the deficit hit from his recent fiscal bill and the budget gap would average 6% of GDP during the 2025-2028 period - down from 7.5% in 2024. Wall Street stock futures were flat ahead of Tuesday's bell after ending little changed yesterday, with Chinese and Japanese stocks in the red earlier. * Palo Alto Networks forecast revenue and profit above estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions - sending its shares up 5% in extended trading. In other tech news, Intel is getting a $2 billion capital injection from SoftBank Group in a vote of confidence for the troubled U.S. chipmaker and Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there. Today's Market Minute * Intel (INTC.O), is getting a $2 billion capital injection from SoftBank Group, in a major vote of confidence for the troubled U.S. chipmaker that is in the middle of a turnaround effort. * Nvidia (NVDA.O), is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. * U.S. President Donald Trump told President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of any assistance was not immediately clear. * Trump's high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome, writes ROI energy columnist Ron Bousso. * Consumer spending's surprising resilience is a key reason why the economy has not only avoided recession, but continued to grow at a solid clip. The big question now, writes ROI markets columnist Jamie McGeever, is whether American households can keep that going, especially with higher, tariff-fueled prices coming down the pike. Chart of the day With Fed Chair Powell's speech at Jackson Hole on Friday watched closely for any signal about a resumption of Fed easing, the two key metrics on unemployment and inflation have changed little since the 2024 setpiece that flagged the first series of Fed cuts. Today's events to watch * U.S. July housing starts/permits (8:30 AM EDT); Canada July consumer prices (8:30 AM EDT) * Federal Reserve Vice Chair for Supervision Michelle Bowman speaks * U.S. corporate earnings: Home Depot, Medtronic, Keysight, Jack Henry Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (by Mike Dolan; editing by Sharon Singleton) Sign in to access your portfolio