Five Star Movement leader Luigi di Maio following a meeting with Italian president Sergio Mattarella at the Quirinale Palace in Rome on August 28th. Photograph: Alessia Pierdomenico/Bloomberg

Italy’s Five Star Movement has voted heavily in favour of a coalition with a centre-left rival, putting the country on track for a new government and (...)

Silvio Berlusconi, former Italian prime minister and founder of Forza Italia, on an Italian TV show in  January. Photograph: Getty Images

With his perfectly dyed dark hair and his ivory-white teeth glistening in the lights of the television studio, Silvio Berlusconi – the octogenarian co(...)

Against the euro, the pound  fell to a two-and-a-half year low of around 85 pence. Photograph: Phil Noble/Reuters

Britain’s pound slumped to a new 31-year low on Wednesday, dipping below $1.28 at one point in Asian trading, as investors shunned the currency in the(...)