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Italy institutes salary cap for government-run companies

Italy will cap salaries at some of the country’s biggest public companies, the new government of 39-year-old Matteo Renzi announced on Friday, though some major groups will be exempt. Government-controlled companies will now have top pay capped at the same level as the head of Italy’s top court as part…

Italy’s Berlusconi returns to strike deal on electoral reform that leaves out smaller parties

Silvio Berlusconi has returned to the political scene after a tax fraud conviction, striking a deal with the head of the largest centre-left party on electoral reform that could help stabilise Italy, but would leave smaller parties out in the cold. The Saturday night agreement between 77-year-old Berlusconi, still head…