Populism

Expert Voices

Italy's Salvini embroiled in Russian scheme to aid League party

Matteo Salvini speaking
Italian Deputy Minister Matteo Salvini. Photo: Stefano Montesi - Corbis/Getty Images

The implication of Italian Deputy Prime Minister Matteo Salvini in a campaign finance deal involving Russian funds highlights the expanding reach of Russian interference in nationalist, populist political movements across Europe.

Why it matters: Russia's foreign meddling aims to further its goals of weakening liberal democracies in the West and expanding its share of global influence. But the exposure of some of its efforts has come back to haunt the intended beneficiaries.

The days of the conglomerate are dead

Photo: Hulton-Deutsch/Corbis/Getty

Hundreds of thousands or even millions of jobs will vanish as conglomerates are forced to kill their traditional business model for the new technological age and chaotic geopolitics, says the CEO of Europe's largest industrial company.

What's happening: Joe Kaeser, CEO of Siemens, the German industrial giant, tells Axios that a revolution in manufacturing ups the challenge to the world's biggest companies, forcing them to focus only on products or services in which they truly excel.