Italy’s Nextalia Investment Management raised over €1.1 billion ($1.3 billion) for its second private equity strategy fund, targeting opportunities in its home market.

The global energy situation could deteriorate further as oil inventories decline and competition for supplies intensifies, Eni SpA’s Chief Executive Officer Claudio Descalzi told Italian daily Il Sole 24 Ore.

ION Platform reported stronger earnings and lower cash payments to its parent company in the second quarter, reassuring holders of beaten-down bonds issued by the financial software provider.

Italy’s oldest dairy company has borrowed money against cheese aging in its warehouse, taking advantage of a law change aimed at helping food and wine producers access finance.

The US has indicated it would withdraw its support for the office of High Representative in Bosnia and Herzegovina if the candidate it backs for the role isn’t appointed by month’s end, according to people familiar with the matter.

Dolce & Gabbana is negotiating with lenders over the potential sale of real estate assets in Milan as part of an effort to raise liquidity and refinance debt, according to people familiar with the matter.

Apollo Global Management is set to hand over the keys of Reno de Medici SpA to its bondholders, as part of a debt restructuring, according to people familiar with the matter.

Italy is set to extend its energy relief measures, with Industry Minister Adolfo Urso saying the support would remain in place as long as the Iran war pushes up fuel and energy prices for households and businesses.

Chiesi Farmaceutici SpA agreed to acquire US-listed KalVista Pharmaceuticals Inc. for about $1.9 billion in its biggest acquisition to date, expanding the Italian company’s rare immunology portfolio.

Maticmind SpA said all its published financial information is “complete and correct” as it sought to reassure investors after a fraud probe into the software firm’s founder sent its bonds sliding.

Citigroup Inc. provided a £100 million ($134 million) funding line to Interbridge Mortgages, another fast-growing UK lender backed by Paresh Raja, just as his Market Financial Solutions Ltd. was hurtling toward collapse.

Francesco Mazzagatti, an energy trader who has become a key figure in the North Sea industry, is facing a worldwide asset freeze over allegations he siphoned off funds from former business partners in Iran.

Blue Owl Capital Inc. has a £36 million ($48 million) exposure to Century Capital Partners Ltd., a London-based property lender that filed for administration last month.

Some creditors of Market Financial Solutions Ltd., the failed UK mortgage firm backed by Wall Street lenders, warned there may be a £930 million ($1.3 billion) shortfall in collateral backing their loans.

ION Group’s founder Andrea Pignataro warned that artificial intelligence’s cost to society will be many times larger than the $2 trillion that was wiped off the value of software firms in recent weeks.

Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter.

A nonprofit foundation backed by Italian billionaire Andrea Pignataro is merging with the tech incubators of Milan’s leading universities in a bid to boost early-stage investment in the country.

A former Microsoft Corp. executive has left Cerved Group, the Italian credit-information company that is part of billionaire Andrea Pignataro’s ION Group, according to people familiar with the matter.

A US-based investor known for turning around distressed assets is offering to save thousands of jobs at a troubled Italian steel plant if the government allows him to take it over.

Italy’s top court annulled a golden power ruling that imposed a series of restrictions on Cedacri SpA, the financial services unit of ION Group.