Bloomberg Business

Egypt Considers Holding Presidential Vote as Soon as This Year

Egypt is considering holding presidential elections before the end of 2023, according to people familiar with the matter, an earlier than expected date as the North African nation of 105 million people grapples with its worst economic crisis in years.

Italian Banks Drop as Meloni Says Tax Needs to Raise €3 Billion

Shares in Italian lenders fell on Thursday, making them the worst performers on the STOXX Europe 600 Banks index, after Prime Minister Giorgia Meloni said that even if a new windfall tax on banks’ profits is modified, the state will still expect inflows of almost €3 billion ($3.2 billion).

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