Sign up for a daily newsletter defining what matters in business and markets

Top Stories

Italy's prime minister resigns amid coalition chaos

Giuseppe Conte and Matteo Salvini
Italian Prime Minister Giuseppe Conte (R), flanked by Deputy Prime Minister and Interior Minister Matteo Salvini. Photo: Andreas Solaro/AFP/Getty Images

This is a summer of crises for Europe, with a political collision in Italy landing in the midst of Brexit chaos while the continent's top economies flirt with recession.

Driving the news: Italian Prime Minister Giuseppe Conte said Tuesday that he would submit his resignation amid tensions between the 2 populist parties that comprise his government coalition: the anti-establishment Five Star Movement and the far-right League. He declared that the ruling coalition of 2 populist parties "ends here."

Trump says Jewish-Americans who vote Democrat show "great disloyalty"

President Trump told reporters in the Oval Office Tuesday that he didn't "buy" the tears from Rep. Rashida Tlaib (D-Mich.) at a recent press conference addressing Israel's decision to bar entry to her and Rep. Ilhan Omar (D-Minn.), adding that Jewish-Americans who vote for Democrats show either "a total lack of knowledge or great disloyalty."