Meloni skips investor forum to attend Fl

Investors hoping to hear from Giorgia Meloni at the annual Ambrosetti Forum -particularly on her interventionist moves on Italian companies were left disappointed when the prime minister opted instead to attend the Formula 1 Grand Prix just down the road.

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Meloni, who was invited to the forum in Cernobbio, eventually decided to skip it and head instead to the race at the iconic Autodromo Nazionale di Monza, which is less than 50 miles from the investor conference. The government has taken controversial moves to exert more control over the economy, which has made some investors nervous. In recent months, Rome has announced a surprise 40% tax on bank profits, clamped down on how airlines set ticket prices and approved a decree that will allow it to take a stake in the phone carrier Telecom Italia SpA.